Global Metal Valves Market Trends And Strategies Of Major Players In The Metal Valves Market 2021-2030
9 Feb, 2021
The metal valves market consists of sales of metal valves by entities (organizations, sole traders or partnerships) that produce industrial valves, fluid power valves and hose fittings, plumbing fixture fittings and trim, and/or other metal valves and pipe fittings. The metal valves market is segmented into industrial valves; fluid power valve and hose fitting; plumbing fixture fitting and trim; and other metal valve and pipe fitting.
Global Metal Valves Market Size And Drivers:
The global metal valve market is expected to grow from $229.08 billion in 2020 to $261.57 billion in 2021 at a compound annual growth rate (CAGR) of 14.2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $343.33 billion in 2025 at a CAGR of 7%. Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) is expected to drive innovation in metal valve manufacturing, thus driving the market during the forecast period.
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Global Metal Valves Market Segments:
The global metal valves market is further segmented based on type, end user industry, product and geography.
By Type: Industrial Valves, Fluid Power Valve And Hose Fitting, Plumbing Fixture Fitting And Trim, Other Metal Valve And Pipe Fitting.
By End User Industry: Chemicals, Marine, Construction, Mining, Oil & Gas, Others.
By Product: Pressure Reducing Valves, Safety/Relief Valves, Control Valves, Globe Valves, Plug Valves, Gate Valves, Ball Valves, Butterfly Valves, Diaphragm Valves, Other Valves.
By Geography: The global metal valves market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global metal valves market, accounting for 38% of the total market
Metal Valves Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides metal valves market overviews, analyzes and forecasts market size and growth for the global metal valves market, metal valves market share, metal valves market players, metal valves market segments and geographies, metal valves market’s leading competitors’ revenues, profiles and market shares. The metal valves market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.