The metal valve manufacturing market consists of the sales of commercial valves, fluid power valves and hose fittings, fixture fittings and trim, and/or other metal valves and pipe fittings. Industrial valves are mostly manufactured using steel, cast iron, chrome steel, and other high functioning metal alloys for getting the efficient flow control in industries like water & wastewater, oil & power, food & beverages, chemicals, and others. Moreover, a valve mainly consists of the main body, a stem, and a seat manufactured using different materials including polymers, rubber, metals, and other materials to avoid wastage of liquid flowing through the valve. Valves are mainly differentiated by their operating mechanisms. The foremost widely used valves in industries are globe valves, butterfly valves, ball valves, gate valves, plug valves, pinch valves, diaphragm valves, and check valves. Automation in the industries has led to the requirement of advancements, owing to a rise in emphasis on the precise positioning & automation of industrial valves.
The global metal valve manufacturing is segmented into industrial type valve manufacturing, fluid power valve and hose fitting manufacturing, plumbing fixture fitting and trim manufacturing, other metal valves, and pipe fitting manufacturing. The companies in the market have now moved towards the metal additive manufacturing owing to rise in demand for consumer demand for the lightweight, faster, and fuel-efficient automobiles driving metal valves, some of the key trends witnessed in the global metal valve manufacturing market
As per the study, “Metal valve manufacturing market report 2019” the key companies operating in the market are Crane, Mueller Water Products, Parker Hannifin, The AVK Group (Denmark), Emerson Electric Co.
The growth in the metal valve manufacturing market is expected to witness significant growth owing to an increase in spending on the construction & increased sales of valves. Based on material type market is segmented into cast iron, steel, alloy-based, and others. Based on the valve type market is segmented into ball valves, butterfly valves, gate valves, globe valves, plug valves, check valves, and diaphragm valves. Based on the application, the market is segmented into oil & power, water & wastewater, chemical, food & beverage, and others.
However, the market for metal valve manufacturing may face some of the certain restraints associated with reduction in free trade, oversupply, and complex supply chain. However, with the ever increase in the number of vehicles, adoption of the new & advanced technologies coupled with significant investments over the end-user industries are adding scope and potential for global metal valve manufacturing market over the forecast period.
The population growth & rapid urbanization in developing economies, such as China and India, have encouraged the fast development in the region, boosting the demand for industrial valves owing to increase in demand from the industries such as energy & power, water & wastewater treatment, construction, chemicals, pharmaceuticals, and oil & gas. Based on region the Asia Pacific region followed by North American the region is anticipated to be the second most significant market valve market owing to recent discoveries of shale gas sources and augmented oil production in the region boosting the demand for industrial valves in the region.
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