Metal valve manufacturing market industry comprises of the manufacturing of metal valves which are used to control the flow of fluids, gases, liquids and other related fixtures and fittings. This industry also comprises in manufacturing hydraulic and pneumatic pipe and tube assemblies. The most common type of standardized valves includes linear motion, rotary, self-actuated and control valves.
Metal Valve Manufacturing Global Market Size
The global metal valve manufacturing market was valued at $60.1 billion in 2017. Asia Pacific was the largest geographic region accounting for $33.7 billion or 50.1% of the global market. China was the largest country accounting for $18.3 billion or 30.4% of the global metal valve manufacturing market.
Metal Valve Manufacturing Global Market Trend
Companies in this market have moved towards metal additive manufacturing due to increased consumer demand for lightweight, faster, and fuel-efficient automobiles that in turn drive the market for metal valves. There is a growing demand in countries such as Germany, Japan, China and India. Increased investments towards metal additive manufacturing technology has led to process improvements and fall in production costs.
The companies covered are Crane, Mueller Water Products, The AVK Group (Denmark), Emerson Electric Co, and Parker Hannifin.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Metal Valve Manufacturing Global Market Segmentation
The metal valve manufacturing market is segmented into Industrial Valve Manufacturing, Fluid Power Valve And Hose Fitting Manufacturing, Plumbing Fixture Fitting And Trim Manufacturing, and Other Metal Valve And Pipe Fitting Manufacturing.
Industrial Valve Manufacturing comprises establishments primarily engaged in manufacturing industrial valves and valves for water works and municipal water systems.
Fluid Power Valve And Hose Fitting Manufacturing comprises establishments primarily engaged in manufacturing fluid power valves and hose fittings.
Plumbing Fixture Fitting And Trim Manufacturing comprises establishments primarily engaged in manufacturing metal and plastics plumbing fixture fittings and trim, such as faucets, flush valves, and shower heads.
Other Metal Valve And Pipe Fitting Manufacturing comprises establishments primarily engaged in manufacturing metal valves (except industrial valves, fluid power valves, fluid power hose fittings, and plumbing fixture fittings and trim).