Cryogenic plug valves will be highly installed in the Globe Valve Manufacturers and chemicals industries for the isolation application, that is, to separate cryogenic media from other media. The industrial valve market was valued at USD 67.Oil & gas industry to account for largest size of industrial valve market from 2018 to 2023Recent uptrend in the oil & gas industry has boosted the demand for and increased the production of oil and gas in the Middle East and North America. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

The oil & gas, energy & power, and chemicals industries are likely to have high demand for cryogenic ball valves due to their ability for quarter turn on-off operation, minimal lubrication, and capability to provide tight sealing with low torque in cryogenic fluid handling applications.asp?id=256097136Emerson (US), Cameron – Schlumberger (US), IMI PLC (US), Flowserve (US), and Weir Group (UK) are among a few major players in the industrial valve market.

Download PDF Brochure:-pdfdownloadNew. Growing production of oil sands and shale gas fuels the demand for industrial valves in North America, while the increased investments in natural gas exploration and refineries will boost the demand for these valves during the forecast period. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 .

All these factors will boost the demand for industrial valves from the oil & gas sector.19 billion by 2023, at a CAGR of 3.Water & Wastewater TreatmentIn the water & wastewater treatment industry, application-specific valves are used in finished water storage units, influent control units, equalization basin systems, blowers, pumps, neutralization units, sludge thickening units, filtration units, disinfection units, incinerators, and others. In the energy & power industry, valves are also used to stop and start the flow, reduce or increase the flow, control the direction of the flow, and regulate the flow or process pressure or relieve a pipe system of a certain pressure.

The key factors that are driving the growth of this market include the increased need for industrial valves from oil and gas production-related facilities in GCC countries, elevated energy demand in APAC,