Gas Valves Market
Gas Valves Market Global Industry Assessment & Forecast
Segments Covered
- By Type 0.25 to 8 Inches, 8 to 20 Inches, Above 20 Inches
- By Application Oil and gas production, Gas pipeline transportation, Municipal Gas, Others
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 4.5 Billion |
Revenue 2028: | 6.80 Billion |
Revenue CAGR (2021 - 2028): | 5.3 |
Fastest Growing Region (2022 - 2028) | North American |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Type Analysis: Preview
On the basis of Type, the market is segmented into 0.25 to 8 Inches, 8 to 20 Inches, Above 20 Inches. Natural Draft Coolong Pipes held the highest share in the global Gas Valves market and is projected to witness the same trend during the forecast period.
Application Analysis: Preview
Based on Application, the market is segmented into Oil and gas production, Gas pipeline transportation, Municipal Gas, Others. Machinery & Equipment accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Analysis: Preview
Based on , the market is segmented into . dominates the global Gas Valves market and is expected to continue the same trend from 2021 to 2028.
Global Gas Valves Market: Type Segment Analysis
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- 0.25 to 8 Inches
- 8 to 20 Inches
- Above 20 Inches
Global Gas Valves Market: Application Segment Analysis
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- Oil and gas production
- Gas pipeline transportation
- Municipal Gas
- Others
FAQ
Frequently Asked Question
What is the global demand for Gas Valves in terms of revenue?
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The global Gas Valves valued at 4.5 Billion in 2020 and is expected to reach 6.80 Billion in 2028 growing at a CAGR of 5.3%.
Which are the prominent players in the market?
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The prominent players in the market are National Oilwell Varco, CIRCOR International, Emerson Electric, Metso Corporation, Schlumberger, BHGE, Parker Hannifin, HYDAC, The Weir Group, Watts Water Technologies, Armstrong, IMI..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 5.3% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Gas Valves include
- The rising energy demand across the world is anticipated to augment the growth of the gas valves market over the forecast period.
- The increasing notable developments is further expected to fuel the growth of the market in the years to come.
Which region accounted for the largest share in the market?
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North American was the leading regional segment of the Gas Valves in 2020.