Manual Valve Market
Manual Valve Market by Type (Gate Valves, Control Valves, Ball Valves, Butterfly Valve) by Application (Oil and Gas or Energy Industry, Water Treatment Industry, Chemical Industry, Steel Industry, Other) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028
Type Analysis: Preview On the basis of Type,
the market is segmented into Gate Valves, Control Valves, Ball Valves, Butterfly Valve. Temperature Controlled held the
leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the
forecast timespan. This is due to the increasing adoption of Temperature Controlled
in emerging economies in Asia Pacific region. Application
Analysis: Preview
Based on Application,
the market is segmented into Oil and Gas or Energy Industry, Water Treatment Industry, Chemical Industry, Steel Industry, Other. Oil & Gas accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028.
Global Manual Valve Market: Type Segment Analysis
-
- Gate Valves
- Control Valves
- Ball Valves
- Butterfly Valve
Global Manual Valve Market: Application Segment Analysis
-
- Oil and Gas or Energy Industry
- Water Treatment Industry
- Chemical Industry
- Steel Industry
- Other
Frequently Asked Questions
-
What is
the global demand for Manual Valve
in terms of revenue?
The global Manual Valve valued at 5.5 Billion in 2020 and is expected to reach 15.91 Billion in 2028 growing at a CAGR of 14.2%
-
Which
are the prominent players
in the market?
The prominent players in the market are Kitz Group, Crane Company, KSB, IMI, Emerson, Johnson Controls, Flowserve, Cameron, Metso, Kinetech Philippines Incorporated, Festo..
-
At what CAGR is the market projected to grow within the forecast period?
The market is project to grow at a CAGR of 14.2% between 2021 and 2028.
-
What are
the driving factors
fueling the growth of the market.
The driving factors of the Manual Valve include
- The significant role in the production of various types of medical devices, and increase in spending in the research and development about automatic components used in the pharmaceuticals industry is anticipated to augment the growth of the manual valve market over the forecast period.
- The increasing demand from various economies in healthcare industry and increasing R&D investments in the pharma field is anticipated to fuel the growth of the manual valves market.
-
Which
region accounted for the
largest share in the market?
Asia Pacific was the leading regional segment of the Manual Valve in 2020.
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