Global industrial valve market is growing at a fair pace and is estimated to reach $XX billion with a CAGR of XX% during 2018-2024

(IT-NEWSWIRE.COM, June 14, 2018 ) Valves are mechanical devices which helps in controlling the stream as well as the pressure of slurry, gases, liquids in the device and this term is also known as regulators. Industrial valve are which used for various functionality such as size, function, design, and some other.Sometimes the esteemed as pre-transistor vacuum tube is known as the valve.

Industrial valve market is generally classified by material type, size, type of valve, product, and industries.On basis of material steel valves are dominating the market has they are designed to allow high fluid flow with slight friction loss which is suggestedmainly for dense liquids.Globe valve and ball valve is having a steady growth rate due to the increase in the usage of valves in industries such as oil & gas, chemical, wastewater & water, and various other industries. Linear motion valves or multi turn valves works under linear displacement usually by rotating thread stem many times. Though quarter valve will rotate up to 0-90 degrees like ball valve, butterfly, plug, and spherical valve. Oil & gas application has more usage in the pipeline installations, monitoring and controlling.

On the basis of Geography, Asia Pacific is overlookingthe growth of the industrial valve market due to the increase in oil & gas and increase in automation. North America is witnessing the second largest growth during the forecast period, due to rising demand for conveyance.

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By Material Type:

• Steel
• Cast Iron
• Alloy-based
• Cryogenic
• Others

BySize:

• Up to 1 inch
• 1 inch -6 inch
• 6 inch -25 inch
• 25 inch -50 inch
• >50 inch

By Type of Valve:

• Butterfly Valve
• Plug Valve
• Ball Valve
• Globe Valve
• Gate Valve
o Knife Gate Valve
o Wedge Gate Valve
• Safety Valve
• Diaphragm Valve

By Product:

• Quarter-turn
• Multi turn
• Automatic Regulators & Control Valve
• Others

By Industry:

• Oil & Gas
• Water & Wastewater
• Energy & Power
• Chemical
• Pharmaceutical
• Building and Construction
• Food & Beverages
• Mining
• Others

By Geography

• North America
o U.S.
o Canada
o Mexico

• South America
o Brazil
o Argentina
o Others

• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Others

• APAC
o China
o India
o Japan
o South Korea
o Others

• Middle East & Africa
o Middle East
o Africa

Related Reports:

Market 1: https://www.envisioninteligence.com/industry-report/asia-pacific-industrial-valve-market/?utm_source=chitti

Market 2: https://www.envisioninteligence.com/industry-report/middle-east-africa-industrial-valve-market/?utm_source=chitti

Market 3: https://www.envisioninteligence.com/industry-report/south-america-industrial-valve-market/?utm_source=chitti

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Global industrial valve market is growing at a fair pace and is estimated to reach $XX billion with a CAGR of XX% during 2018-2024