According to a market report by Lucintel, the future of the global stainless steel control valve market looks promising with opportunities in the oil & gas, chemical, water & wastewater, and power generation markets. The global stainless steel control valve market is expected to reach an estimated $693.8 million by 2030from $587.9 billion in 2023,at a CAGR of 2.8% from 2024 to 2030. The major drivers for this market are emergence of industry 4.0, rising concern towards workplace safety and environmental protection, and increasing investments in infrastructure initiatives.A more than 150-page report to understand trends, opportunity and forecast in stainless steel control valve market to 2030 by valve type (ball valves, butterfly valves, globe valves, plug valves, and others), end use industry (oil & gas, chemicals, water & wastewater, power generation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that ball valve is expected to witness the highest growth over the forecast period due to its extensive usage across a range of sectors, such as oil and gas, chemical processing, water treatment, power generation, and pharmaceutical.
Within this market, oil & gas is expected to witness the highest growth due to increasing requirement for stainless steel control valve in this sector to obtain safe and accurate flow control in upstream and downstream processes.
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APAC is expected to witness highest growth over the forecast period due to rapid industrialization and rising infrastructural development in the region.
Emerson Electric, Flowserve, Metso, Pentair, Samson, Spirax-Sarco Engineering, IMI, Cameron International, AVK Holding, The Weir Group are the major suppliers in the stainless steel control valve market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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