The research on industrial valve market states that it is estimated to grow by 5.41% in terms of CAGR by the period within the years 2013 till 2018. Industrial valves are appliances which are employed to enable and facilitate the flow of liquids, gases and other kinds of partial solid substances which is performed automatically or by human labor. They enhance the functionality of industrial procedures. The shooting prices of raw materials, however, tend to threaten its growth.
On the other hand, the increasing demand of several industries like gas and oil have played a major role in assisting the industry valve market to progress towards steady economic growth. Moreover, the aggregate quantity of international vendors for this market is gradually on the rise, which is also responsible for its improved market performance.
Key Players of the Market
The regions of MENA, which implies mainly the places in and around Middle East and North Africa, are the main players in the industry valve market. There exists numerable significant, key vendors in this sphere that dominate this industry including Honeywell International Inc., Cameron International Corp., Flowserve Corp., Valvitalia Group Spa, Emerson Electronic Co., AVK Saudi Valves Manufacturing Co Ltd., Dresser Al-Rushaid Valve & Instrument Co. Ltd., Kizziran Industrial Manufacturing Co., Saudi Arabian Engineering Co Ltd., Petro Fajr-e-Markazi Industrial Co., Saudi Pipe Systems Co, Pentair Ltd., AirTAC International Group and others.
Overall Market Outlook
Therefore, it can be concluded that the industry valve market seems quite bright especially in MENA regions. The existence of several key vendors in this segment and the growing requirement for its products by gas and oil industries are leading to its growth. It is expected that it will emerge a strong player growing at a CAGR of 5.41% by 2018.
For further insights,
Visit: Industrial Valve Market in the MENA Region 2014-2018
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