Press release
North America Industrial Valve Market New Innovations and Future Expansion 2021-2028
North America Industrial Valve Market was valued at US$ 11,679.61 Million in 2021 and is projected to reach US$ 17,529.97 Million by 2028 with a CAGR of 6.0% from 2021 to 2028.Crude oil is the backbone of the modern-day industrial economy. It acts as an important base raw material for deriving various chemicals. With the increasing rate of industrialization and urbanization, the demand for oil and gas has surged substantially. Countries across the region are expected to present huge demand for crude oil during the forecast period due to the continuous growth in their manufacturing sectors, supported by favorable economic conditions and government policies. Equinor, a petroleum refining company, has announced to invest US$ 8.8 billion by end of 2021 for driving the progress of Wisting petroleum discovery in the Arctic Barents Sea, the northernmost oilfield. Petróleo Brasileiro S.A. has also announced to invest US$ 68 billion from 2021 to 2026 for managing production at the offshore fields in the subsea pre-salt area. Further, a significant number of oil and gas refineries have aged and require maintenance operations. Natural gas emits less carbon than coal does. Therefore, with the growing emphasis on curtailing carbon emission, governments are favoring gas-powered power plants over coal-powered power plants, which propels the demand for natural gas. The growing production of oil and gas boosts the North America industrial valve market growth.
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The report covers an in depth analysis of the key market players within the market
CIRCOR International, Inc.
Crane Co.
Emerson Electric Co.
Flowserve Corporation
IMI Critical Engineering
KITZ Corporation
Neway Valve (Suzhou) Co., Ltd
Schlumberger Limited
Spirax-Sarco Engineering plc
Velan Inc.
In this report, the market has been segmented on the basis of:
North America Industrial Valve Market - by Material Type
Cast Iron
Steel
Cryogenic
Alloy-Based
Others
North America Industrial Valve Market - by Valve Type
Ball Valves
Butterfly Valves
Diaphragm Valves
Safety Valves
Piston RAM Valves
North America Industrial Valve Market - by Industries
Oil and Gas
Water Treatment
Power and Energy
Chemicals and Petrochemical
Food and Beverage
Healthcare and Pharmaceutical
Others
North America Industrial Valve Market - by Country
US
Canada
Mexico
Market Analysis and Insights: North America Industrial Valve Market
North America Industrial Valve Market report elaborates the market size, market characteristics, and market growth of the North America Industrial Valve industry, and breaks down according to the type, application, and consumption space of North America Industrial Valve . The report also conducted a PESTEL analysis of the industry to check the most influencing factors and entry barriers of the industry.
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Some of the key queries answered in this report:
-What can we estimate about the anticipated growth rates and also the North America Industrial Valve industry size by 2028?
-What will happen in the coming existing and emerging markets?
-Which are the five top players within thee North America Industrial Valve market?
-How can the North America Industrial Valve market change in the upcoming years?
-Which product and application will take a share of the North America Industrial Valve market?
-What will be the North America Industrial Valve Market was valued at US$ 11,679.61 Million in 2021 and is projected to reach US$ 17,529.97 Million by 2028 with a CAGR of 6.0% from 2021 to 2028. and size of the North America Industrial Valve market throughout the forecast period?
-What are the market opportunities and challenges two-faced by the key vendors?
-Who are the major competitors and what is their strategy?
-What are the barriers to entry for new players in the market?
-What would be the upcoming North America Industrial Valve market behaviour forecast with trends, challenges, and drivers for development?
-What business opportunities and dangers are faced by vendors in the market?
-Which would be North America Industrial Valve industry opportunities and challenges faced by most vendors in the market?
-What will be the outcomes of this market SWOT five forces analysis?
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