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Steel Gas Valve Market

Steel Gas Valve Market

Steel Gas Valve Market Global Industry Assessment & Forecast

# Pages:


Base Year:


Nov - 2021


Report Code:


Segments Covered
  • By Type 0.25 to 8 Inches, 8 to 20 Inches, Above 20 Inches
  • By Application Oil and Gas Production, Gas Transmission and Distribution, Others
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 1.50 Billion
Revenue 2028Revenue 2028: 2.10 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 4.3
Fastest Growing Region 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

Research Methodology: Steel Gas Valve Market - Global Market Assessment, 2021 - 2028

The research process involves the exhaustive study of several factors impacting industry dynamics such as competitive landscape, government policies, historical outlook, current market scenario, and other macro/micro factors. The whole research process is divided into three stages namely: Secondary Research, Primary Research, and Data Triangulation. The ratio of the resources involved in each stage differs as per the data availability for a particular section of the report or as per the market dynamics. We have conducted more than 150 primary interviews during the Steel Gas Valve market study either through mail or telephone call. Out of the total primary respondents, 30% were from North America, 24% were from Europe, 33% were from the Asia Pacific, and the rest of the respondents were from Latin America and MEA

Secondary Research

Primary Research:

After the secondary research, primary research was used to derive and estimate market numbers for mentioned segments/sub-segments in the Steel Gas Valve market. During the primary data collection process, the secondary data was analyzed and revalidated through exhaustive primary research. This helps to study any minutest details of the market along with building a clearer market-specific view for revenue estimations, industry trends, within each end0use industry, and estimate future trends within the market. 

Data Triangulation and Market Size Estimations

Top-down and bottom-up approaches are used to validate and estimate the market size of the Steel Gas Valve market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statistics and future market trends.  

Frequently Asked Question
  • The global Steel Gas Valve valued at 1.50 Billion in 2020 and is expected to reach 2.10 Billion in 2028 growing at a CAGR of 4.3%.

  • The prominent players in the market are CIRCOR International, Watts Water Technologies, HYDAC, Parker Hannifin, IMI, National Oilwell Varco, Emerson Electric, The Weir Group, Schlumberger, Armstrong, BHGE, Metso Corporation..

  • The market is project to grow at a CAGR of 4.3% between 2021 and 2028.

  • The driving factors of the Steel Gas Valve include

    • The increased spending in the research and development of automatic components used in the pharmaceuticals industry is expected to drive the growth of the steel gas valve market.
    • The growing production of healthcare devices and increasing R&D investments in the pharma field boost the growth of the Steel Gas Valve Market.

  • North American was the leading regional segment of the Steel Gas Valve in 2020.