Global Globe Valves Market By Product Type, By Application, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast (2024 - 2031)
The "Globe Valves Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Globe Valves market is expected to grow annually by 9.2% (CAGR 2024 - 2031).
This entire report is of 185 pages.
Globe Valves Introduction and its Market Analysis
Globe valves are mechanisms used to regulate or control the flow of fluids in pipelines. The globe valves market is witnessing significant growth due to increased demand from industries such as oil and gas, water and wastewater treatment, and power generation. Major factors driving revenue growth in the market include rising investments in infrastructure development, increasing focus on energy efficiency, and technological advancements in valve design.
Key companies operating in the globe valves market include Emerson, IMI, KITZ, Flowserve, Crane, Cameron, Watts Canada, AVK, KSB, Bray, Orion Valves, Circor, Beric Davis, Babcock Valves, Kirloskar, KOJO Valve, and GWC Valve. These companies are focusing on product innovation, strategic partnerships, and market expansion to enhance their competitive position in the market.
The report's main findings indicate a positive outlook for the globe valves market, with steady growth expected in the coming years. Recommendations include investing in research and development to introduce innovative valve solutions, expanding market presence in emerging economies, and strengthening partnerships with distributors and suppliers to broaden the customer base.
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The global Globe Valves market is segmented into Forged Steel, Cast Steel, and Others, with applications in various industries such as Oil & Gas, Power Generation, Water & Wastewater, Mining, Chemical, and Others. Regulatory and legal factors play a significant role in shaping market conditions. Strict compliance with industry standards and regulations is crucial for manufacturers and end-users to ensure the safety and efficiency of Globe Valves. Various government regulations and certifications (such as API, ASTM, and ANSI) need to be adhered to in order to meet market demands and ensure product quality. With a growing emphasis on environmental sustainability and safety in industrial operations, manufacturers are required to constantly update their products to meet changing regulatory requirements. Overall, the Globe Valves market is heavily influenced by these legal factors, which drive innovation and technological advancements in the industry.
Top Featured Companies Dominating the Global Globe Valves Market
The globe valves market is highly competitive, with key players including Emerson, IMI, KITZ, Flowserve, Crane, Cameron, Watts Canada, AVK, KSB, Bray, Orion Valves, Circor, Beric Davis, Babcock Valves, Kirloskar, KOJO Valve, and GWC Valve. These companies offer a wide range of globe valves that cater to various industries such as oil and gas, water and wastewater, power generation, chemical, and others.
Emerson, a leading player in the globe valves market, offers a diverse range of globe valves that are designed for high-performance applications. IMI, on the other hand, specializes in providing customized solutions for specific industry requirements. KITZ and Flowserve are known for their high-quality and reliable globe valves, catering to a global customer base. Crane, Cameron, Watts Canada, AVK, KSB, Bray, Orion Valves, Circor, Beric Davis, Babcock Valves, Kirloskar, KOJO Valve, and GWC Valve also have a strong presence in the market with their innovative products and solutions.
These companies play a crucial role in growing the globe valves market by investing in research and development to introduce advanced technologies and materials for improved performance and durability. They also focus on expanding their global footprint through strategic partnerships, acquisitions, and collaborations to reach a wider customer base and increase their market share.
In terms of sales revenue, Emerson reported a revenue of $ billion, KITZ reported a revenue of $1.2 billion, Flowserve reported a revenue of $3.5 billion, and Crane reported a revenue of $3.4 billion in the latest fiscal year. These figures demonstrate the strong market position and growth potential of these key players in the globe valves market.
- Emerson
- IMI
- KITZ
- Flowserve
- Crane
- Cameron
- Watts Canada
- AVK
- KSB
- Bray
- Orion Valves
- Circor
- Beric Davis
- Babcock Valves
- Kirloskar
- KOJO Valve
- GWC Valve
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Globe Valves Market Analysis, by Type:
- Forged Steel
- Cast Steel
- Others
Forged steel globe valves are known for their durability and resistance to high pressures and temperatures. Cast steel globe valves are more cost-effective and offer great corrosion resistance. Other types, such as stainless steel and alloy globe valves, provide specific benefits for different applications. These diverse options cater to a wide range of industries, including oil and gas, power generation, and water treatment, boosting the demand for globe valves in the market. The availability of different types ensures that customers can find the most suitable valve to meet their specific requirements, driving the growth of the globe valve market.
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Globe Valves Market Analysis, by Application:
- Oil & Gas
- Power Generation
- Water & Wastewater
- Mining
- Chemical
- Others
Globe valves are commonly used in various industries such as Oil & Gas, Power Generation, Water & Wastewater, Mining, Chemical, and others. In the Oil & Gas industry, they control the flow of liquids and gases in pipelines. In Power Generation, they regulate steam flow. In Water & Wastewater treatment, they control the flow of water and chemicals. In Mining, they are used in slurry applications. In the Chemical industry, they regulate the flow of corrosive substances. The fastest growing application segment in terms of revenue is the Water & Wastewater industry due to increasing water scarcity and stricter environmental regulations.
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Globe Valves Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Globe Valves market is witnessing significant growth in various regions. In North America, the United States and Canada are leading the market with a strong demand for industrial valves. In Europe, countries like Germany, France, ., and Italy are showing steady growth in the market. The Asia-Pacific region, particularly China, Japan, South Korea, India, and Australia, is expected to dominate the market with a high market share percentage valuation. Latin America, including Mexico, Brazil, Argentina, and Colombia, is also witnessing growth in the Globe Valves market. In the Middle East & Africa, countries like Turkey, Saudi Arabia, UAE, and Korea are expected to contribute to the market share of Globe Valves significantly.
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