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The latest report published by IMARC Group, titled “Industrial Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the industrial valves market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global industrial valves market reached a value of US$ 64.04 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 97.19 Billion by 2027, exhibiting at a CAGR of 7.3% during 2022-2027.
Industrial valves are electromechanical devices that regulate the flow of liquids, gases, and slurries in a pipeline. They are manufactured using stainless steel, cast iron, carbon steel, and alloys. Gate, globe, butterfly, ball, check, and plug are some common valves used in industries. They are primarily used to control the flow rate, prevent reverse flow in pressurized conditions, and protect equipment from high-pressure damage. As a result, industrial valves find extensive applications in the power, oil and gas, refinery, wastewater treatment, chemical, food and beverage (F&B), and pharmaceutical industries.
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Industrial Valves Market Trends:
Competitive Landscape With Key Players:
The competitive landscape of the industrial valves market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the global industrial valves market on the basis of product type, functionality, material, size, end use industry and region.
Breakup by Material:
Breakup by Size:
Breakup by End Use Industry:
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Key Highlights of the Report:
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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