PUBLISHER: Allied Market Research | PRODUCT CODE: 1365636
PUBLISHER: Allied Market Research | PRODUCT CODE: 1365636
According to a new report published by Allied Market Research, titled, "Water And Wastewater Valve Market," The water and wastewater valve market was valued at $8.3 billion in 2020, and is estimated to reach $14.7 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032.
Owing to the increase in urbanization and the increasing rate of population growth, infrastructure and water are in more demand. In addition, urbanization, the need for clean water supply, and the need for wastewater management systems require the installation of water valves in treatment facilities, distribution networks, and pumping stations. Water scarcity is another issue that is of global significance because it affects many different geographic areas, including Africa. To maximize water usage, reduce waste, and ensure reliable distribution, efficient water management systems are needed, including the use of cutting-edge valves. Therefore, such a benefit might accelerate the market's expansion.
However, the saturation in industrial growth in major developed countries such as Germany, the U.S., the UK, and others is anticipated to affect the growth in trend for industrial valves significantly. The demand for new industrial valves is extremely slow paced in the previously mentioned countries mainly due to the developed industrial infrastructure. This is expected to restrain the growth of the industrial valves market.
Moreover, the development of oil & gas industry in North America thus drives the industrial valves market growth globally. Moreover, the demand for industrial valves has significantly increased from the food & beverage industry, mainly from the developing nations in Asia-Pacific and Latin America. The food & beverage processing industry has shown high growth in countries such as India, Brazil, and others, with the surge in agriculture and risen demand for processed food. This, in turn, has created a high demand for industrial valves; thereby, driving the growth of the industrial valves industry.
The water and wastewater valve market are segmented based on type, material, end-user industry, and region. On the basis of type, the market is categorized into gate, ball, butterfly, globe and others. The ball segment dominated the market in 2022. On the basis of material, it is segregated into cast iron, steel, alloy based and others. The steel segment dominated the market in 2022. Based on end-user industry, it is differentiated into oil and gas, chemical, power generation and others. The oil and gas segment dominated the market in 2022.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
In 2022, Asia-Pacific was the key shareholder, and is anticipated to secure a leading position during the forecast period.
COMPETITION ANALYSIS
Key companies profiled in the water and wastewater valve market report include AVK Holding, Anything Flows LLC, Avcon Controls Pvt. Ltd., Bohmer GmbHCrane, Davis Valve, EG Valves Manufacturing Co., Ltd., Emerson Electric Co., Flow Control Technology Valve, Flowserve Corp. And Fluid Chem Valves (India) Pvt. Ltd
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