Technavio has been monitoring the industrial valves market in oil and gas industry and it is poised to grow by $ 3.11 bn during 2021-2025, progressing at a CAGR of almost 4% during the forecast period. Our report on the industrial valves market in oil and gas industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by rise in demand for more efficient valves and increase in oil and gas E&P activities. In addition, rise in demand for more efficient valves is anticipated to boost the growth of the market as well.
The industrial valves market in oil and gas industry analysis includes the product segment and geographic landscape.
Technavio's industrial valves market in oil and gas industry is segmented as below:
By Product
Ball valves
Plug valves
Gate valves
Globe valves
Other valves
By Geographical Landscape
MEA
North America
Europe
APAC
South America
This study identifies the growing regulatory compliance requirements for safety and carbon emissions as one of the prime reasons driving the industrial valves market in oil and gas industry growth during the next few years.
