PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570563
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1570563
Middle East Industrial Valve Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Middle East Industrial Valve Market was valued at USD 2.6 billion in 2023 and is projected to grow at a 6.3% CAGR from 2024 to 2032.
One prominent trend is the rising adoption of smart valve technologies. As industries in the region undergo digital transformation, there is an escalating demand for valves equipped with sensors and actuators. These advancements enable real-time data access and facilitate remote monitoring and control. The shift towards smart valves is primarily driven by the pursuit of enhanced efficiency, minimized downtime, and bolstered safety in industrial operations. Concurrently, there is a pronounced emphasis on sustainability and energy efficiency. In light of escalating environmental concerns and tightening regulations, industries are gravitating towards valve solutions that curtail leakage, diminish energy consumption, and elevate overall process efficiency.
The Middle East industrial valve market is segmented by type, component, material, size, end use, distribution channel, and country.
In 2023, the check valves segment accounted for approximately 19.6% of the market share. Check valves permit fluid flow in a singular direction, thwarting backflow. They activate automatically with fluid pressure in the intended flow direction and seal when pressure reverses. Given the Middle East's challenging environmental conditions, such as extreme temperatures and sand exposure, there is a heightened demand for durable, high-performance check valves.
The actuators segment, commanding a 46.8% market share, is projected to expand at a CAGR of 6.9% through 2032. This segment is pivotal to the Middle East's industrial valve landscape, encompassing vital components like actuators, positioners, control systems, and internal elements, such as seats, seals, and stems.
Saudi Arabia led the industrial valve market in 2023, capturing approximately 22.4% of the total share in the Middle East. Forecasts suggest a growth rate of 6.6% through 2032. The kingdom's dominant position in the global industrial valve arena is largely attributed to its thriving oil and gas sector. Moreover, Saudi Arabia's ambitious Vision 2030 economic diversification blueprint is amplifying the demand for industrial valves across diverse sectors.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market scope and definitions
- 1.2 Base estimates and calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Technological overview
- 3.5 Key news and initiatives
- 3.6 Regulatory landscape
- 3.7 Impact forces
- 3.7.1 Growth drivers
- 3.7.1.1 Increasing infrastructure development
- 3.7.1.2 Expansion of oil and gas sector
- 3.7.1.3 Technological advancements and innovations
- 3.7.2 Industry pitfalls and challenges
- 3.7.2.1 Economic volatility
- 3.7.2.2 Geopolitical instability
- 3.7.1 Growth drivers
- 3.8 Growth potential analysis
- 3.9 Porter's analysis
- 3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Middle East Industrial Valve Market Estimates and Forecast, By Type, 2021-2032 (USD Billion)
- 5.1 Key trends
- 5.2 Ball valves
- 5.3 Check valves
- 5.4 Butterfly valves
- 5.5 Gate valves
- 5.6 Globe valves
- 5.7 Plug valves
- 5.8 Diaphragm valves
- 5.9 Safety valves
Chapter 6 Middle East Industrial Valve Market Estimates and Forecast, By Material, 2021-2032 (USD Billion)
- 6.1 Key trends
- 6.2 Steel
- 6.3 Plastic
- 6.4 Cast iron
- 6.5 Alloy based
- 6.6 Others
Chapter 7 Middle East Industrial Valve Market Estimates and Forecast, By Component, 2021-2032 (USD Billion)
- 7.1 Key trends
- 7.2 Actuators
- 7.3 Valve body
- 7.4 Others
Chapter 8 Middle East Industrial Valve Market Estimates and Forecast, By Size, 2021-2032 (USD Billion)
- 8.1 Key trends
- 8.2 >1"
- 8.3 1"-10"
- 8.4 10"-25"
- 8.5 25"-50"
- 8.6 Above 50"
Chapter 9 Middle East Industrial Valve Market Estimates and Forecast, By End Use, 2021-2032 (USD Billion)
- 9.1 Key trends
- 9.2 Chemical
- 9.3 Energy and utilities
- 9.4 Construction
- 9.5 Metal and mining
- 9.6 Agriculture
- 9.7 Pharmaceuticals
- 9.8 Food and beverage
- 9.9 Pulp and paper
- 9.10 Others
Chapter 10 Middle East Industrial Valve Market Estimates and Forecast, By Distribution Channel, 2021-2032 (USD Billion)
- 10.1 Key trends
- 10.2 Direct sales
- 10.3 Indirect sales
Chapter 11 Middle East Industrial Valve Market Estimates and Forecast, By Region, 2021-2032 (USD Billion)
- 11.1 Key trends
- 11.2 Middle East
- 11.2.1 UAE
- 11.2.2 Bahrain
- 11.2.3 Kuwait
- 11.2.4 Oman
- 11.2.5 Qatar
- 11.2.6 Egypt
- 11.2.7 Iran
- 11.2.8 Saudi Arabia
- 11.2.9 Rest of Middle East
Chapter 12 Company Profiles
- 12.1 AVK Valves
- 12.2 Bray Controls Middle East
- 12.3 Cameron (a Schlumberger company)
- 12.4 Crane Co.
- 12.5 Emerson Electric Co.
- 12.6 Flowserve Corporation
- 12.7 IMI PLC
- 12.8 Inbal SA
- 12.9 KSB Middle East
- 12.10 LVSA Group
- 12.11 Metso Corporation
- 12.12 Pentair plc
- 12.13 Schneider Electric
- 12.14 Velan Inc.
- 12.15 Weir Group
