Middle East and Africa Industrial Valves Market Size, Share, and COVID-19 Impact Analysis, By Type (Ball Valves, Butterfly Valves, Gate Valves, Globe Valves, Plug Valves, Check Valves, Diaphragm Valves), By Application (Oil & Gas, Water & Wastewater, Chemical, Food & Beverage, Others), and Middle East and Africa Industrial Valves Market Insights Forecasts to 2033

Industry: Construction & Manufacturing

RELEASE DATE Jan 2024
REPORT ID SI3596
PAGES 200
REPORT FORMAT PathSoft

Middle East and Africa Industrial Valves Market Insights Forecasts to 2033

  • The Market Size is Growing at a CAGR of 5.43% from 2023 to 2033.
  • The Middle East and Africa Industrial Valves Market Size is Expected to Hold a Significant Share by 2033.

Middle East and Africa Industrial Valves Market

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The Middle East and Africa Industrial Valves Market Size is expected to hold a significant share by 2033, at a CAGR of 5.43% during the forecast period 2023 to 2033.

 

Market Overview

A valve is a mechanical or natural object that regulates, directs, or controls the flow of a fluid (such as gases, liquids, fluidized solids or slurries) by opening, closing, or partially obstructing different passageways. Although they are technically fittings, valves are typically talked about as a different category. Fluid adjusts from higher pressure to lower pressure through an open valve. Industrial valves with advanced levels of automation and control operate more efficiently in high-risk environments such as nuclear power plants, oil and gas fields, and chemical processing. Cost savings have resulted from the decrease in liquid waste flowing through pipelines and valves as a result of the integration of automation technologies. Furthermore, the Middle East region is expected to shift from a raw material supplier to a refined product provider. The growing number of manufacturing and process industries would support this evolving trend. The demand from these industrial expansions is anticipated to propel the industrial valve market. Another important factor that would increase demand for industrial valves in this region is the increasing market growth.

 

Report Coverage

This research report categorizes the market for Middle East and Africa industrial valves market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Middle East and Africa industrial valves market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Middle East and Africa industrial valves market.

Middle East and Africa Industrial Valves Market Report Coverage

Report CoverageDetails
Base Year:2023
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:5.43%
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:120
Segments covered:By Type, By Application, and COVID-19 Impact Analysis
Companies Covered: Bray Controls Middle East, Emerson FZE, FMC Technologies, KSB Middle East, Industrial Valve Manufacturer, Samson Control, Metso Automation, Alfa Laval, AVK Gulf DMCC, Cameron Services, AVK Valves, Rhino Valves, LVSA Group, Inbal SA., Ithuba Valves, Valco Group, Others, and
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

The industrial valves market is expected to expand because of the growing oil and gas industry in Middle East and Africa power industry's nuclear and renewable energy sectors. The petrochemical industry in the chemical market and the municipal market's use of water and wastewater are two more industries anticipated to propel the industrial valves market in Middle East & Africa.

 

Restraining Factors

The industrial valve industry has been restricted by technological obsolescence as a result of the rapid advancement of technology. The inability to adapt to new technologies could result in lower output, more expensive maintenance, and even system failures. Proactive valve upgrade spending and continuous monitoring of technological advancement are needed to lower the risk of technological obsolescence and preserve market competitiveness. Thus, such factors hamper the market growth in the forecast period.

 

Market Segment

  • In 2023, the ball valves segment accounted for the largest revenue share over the forecast period.

Based on the type, the Middle East and Africa industrial valves market is segmented into ball valves, butterfly valves, gate valves, globe valves, plug valves, check valves, and diaphragm valves. Among these, the ball valves segment has the largest revenue share over the forecast period. Ball valves are in high demand in the industrial valves market due to their unique design, which allows for precise control and shut-off. Ball valves are the preferred choice in a variety of industries because of their small size, ease of maintenance, and capacity for high-pressure applications. Accordingly, the ease of use and effective flow control of ball valves make them indispensable in industries like oil and gas, where dependability and longevity are critical, greatly bolstering the ongoing demand for ball valves Middle East & Africa.

 

  • In 2023, the oil & gas segment accounted for the largest revenue share over the forecast period.

On the basis of application, the Middle East and Africa industrial valves market is segmented into oil & gas, water & wastewater, chemical, food & beverage, and others. Among these, the oil & power segment has the largest revenue share over the forecast period. The oil and power industry's complicated procedures necessitate precise flow control, dependability, and durability, which fuels demand for industrial valves. In the processes of exploration, production, refining, and distribution, valves are essential. There is always a need for technologically advanced valves to ensure optimal performance in critical applications like wellhead control, pipeline transportation, and refinery processes because of the industry's constant expansion and growing emphasis on efficiency and safety.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Middle East and Africa industrial valves market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Bray Controls Middle East
  • Emerson FZE
  • FMC Technologies
  • KSB Middle East
  • Industrial Valve Manufacturer
  • Samson Control
  • Metso Automation
  • Alfa Laval
  • AVK Gulf DMCC
  • Cameron Services
  • AVK Valves
  • Rhino Valves
  • LVSA Group
  • Inbal SA.
  • Ithuba Valves
  • Valco Group
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Middle East and Africa Industrial Valves Market based on the below-mentioned segments:

 

Middle East and Africa Industrial Valves Market, By Type

  • Ball Valves
  • Butterfly Valves
  • Gate Valves
  • Globe Valves
  • Plug Valves
  • Check Valves
  • Diaphragm Valves

 

Middle East and Africa Industrial Valves Market, By Application

  • Oil & Gas
  • Water & Wastewater
  • Chemical
  • Food & Beverage
  • Others

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