The Latin America, Middle East and Africa Industrial Valves Market would witness market growth of 7.6% CAGR during the forecast period (2022-2028).
Businesses are investing more in R&D activities pertaining to automatic components like solenoid valves that are supplied to the pharmaceutical sector. Similarly, pharmaceutical businesses seek to develop sophisticated fluid handling systems, like liquid soap dispensers and automatic sanitizer dispensers, which as a result, are rising the demand for valves.
Balancing valves are created to manage flow across the system by controlling the flow among various flow branches. These valves perform various functions in fluid power applications and HVAC systems. For instance, in commercial cooling and heating systems, balancing valves allow modifications to GPM under various loading circumstances. They could also be utilized to balance the weight of double-acting cylinders by giving a counterbalancing force.
Saudi Arabia is one of the most significant exporters of petroleum and possesses nearly 17% of the world's petroleum reserves. Saudi Arabia also has the second biggest resource of proven oil globally. Qatar is the leading international exporter of LNG (liquefied natural gas). After Russia and Iran, Qatar has the third greatest reserve of natural gas globally and has prevailing reserves of nearly 24.7 trillion cubic meters of natural gas. Daily production of crude oil is about 1,300,000 barrels, thus, making Qatar one of the 15 leading oil exporting nations and one of the significant producers of fertilizers in the world. An increase in oil and gas production in this region will increase the utilization of industrial valves.
The Brazil market dominated the LAMEA Industrial Valves Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2086 Million by 2028. The Argentina market is experiencing a CAGR of 8.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 7.4% during (2022 - 2028).
Based on Type, the market is segmented into Globe Valves, Gate Valves, Plug Valves, Check Valves, Butterfly Valves, Ball Valves and Diaphragm Valves. Based on Material Type, the market is segmented into Steel, Cast Iron, Alloy Based, and Others. Based on Application, the market is segmented into Oil & Power, Chemical, Water & Wastewater, Food & Beverages and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Industrial Valves Market is Projected to reach USD 91.4 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Emerson Electric Co., Schlumberger N.V., IMI Plc., Crane Co., Flowserve Corporation, Metso Outotec Corporation, The Weir Group PLC, AVK Holding A/S, Avcon Controls Pvt. Ltd., and Forbes Marshall Pvt. Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Globe Valves
- Gate Valves
- Plug Valves
- Check Valves
- Butterfly Valves
- Ball Valves
- Diaphragm Valves
By Material Type
- Steel
- Cast Iron
- Alloy Based
- Others
By Application
- Oil & Power
- Chemical
- Water & Wastewater
- Food & Beverages
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Emerson Electric Co.
- Schlumberger N.V.
- IMI Plc.
- Crane Co.
- Flowserve Corporation
- Metso Outotec Corporation
- The Weir Group PLC
- AVK Holding A/S
- Avcon Controls Pvt. Ltd.
- Forbes Marshall Pvt. Ltd
TABLE 1 LAMEA Industrial Valves Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Industrial Valves Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Industrial Valves Market by Type, 2018 - 2021, USD Million
TABLE 4 LAMEA Industrial Valves Market by Type, 2022 - 2028, USD Million
TABLE 5 LAMEA Globe Valves Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Globe Valves Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Gate Valves Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Gate Valves Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Plug Valves Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Plug Valves Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Check Valves Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Check Valves Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Butterfly Valves Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Butterfly Valves Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Ball Valves Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Ball Valves Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Diaphragm Valves Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Diaphragm Valves Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Industrial Valves Market by Material Type, 2018 - 2021, USD Million
TABLE 20 LAMEA Industrial Valves Market by Material Type, 2022 - 2028, USD Million
TABLE 21 LAMEA Steel Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Steel Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Cast Iron Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Cast Iron Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Alloy Based Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Alloy Based Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Industrial Valves Market by Application, 2018 - 2021, USD Million
TABLE 30 LAMEA Industrial Valves Market by Application, 2022 - 2028, USD Million
TABLE 31 LAMEA Oil & Power Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Oil & Power Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Chemical Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Chemical Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Water & Wastewater Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Water & Wastewater Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Industrial Valves Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Industrial Valves Market by Country, 2022 - 2028, USD Million
TABLE 43 Brazil Industrial Valves Market, 2018 - 2021, USD Million
TABLE 44 Brazil Industrial Valves Market, 2022 - 2028, USD Million
TABLE 45 Brazil Industrial Valves Market by Type, 2018 - 2021, USD Million
TABLE 46 Brazil Industrial Valves Market by Type, 2022 - 2028, USD Million
TABLE 47 Brazil Industrial Valves Market by Material Type, 2018 - 2021, USD Million
TABLE 48 Brazil Industrial Valves Market by Material Type, 2022 - 2028, USD Million
TABLE 49 Brazil Industrial Valves Market by Application, 2018 - 2021, USD Million
TABLE 50 Brazil Industrial Valves Market by Application, 2022 - 2028, USD Million
TABLE 51 Argentina Industrial Valves Market, 2018 - 2021, USD Million
TABLE 52 Argentina Industrial Valves Market, 2022 - 2028, USD Million
TABLE 53 Argentina Industrial Valves Market by Type, 2018 - 2021, USD Million
TABLE 54 Argentina Industrial Valves Market by Type, 2022 - 2028, USD Million
TABLE 55 Argentina Industrial Valves Market by Material Type, 2018 - 2021, USD Million
TABLE 56 Argentina Industrial Valves Market by Material Type, 2022 - 2028, USD Million
TABLE 57 Argentina Industrial Valves Market by Application, 2018 - 2021, USD Million
TABLE 58 Argentina Industrial Valves Market by Application, 2022 - 2028, USD Million
TABLE 59 UAE Industrial Valves Market, 2018 - 2021, USD Million
TABLE 60 UAE Industrial Valves Market, 2022 - 2028, USD Million
TABLE 61 UAE Industrial Valves Market by Type, 2018 - 2021, USD Million
TABLE 62 UAE Industrial Valves Market by Type, 2022 - 2028, USD Million
TABLE 63 UAE Industrial Valves Market by Material Type, 2018 - 2021, USD Million
TABLE 64 UAE Industrial Valves Market by Material Type, 2022 - 2028, USD Million
TABLE 65 UAE Industrial Valves Market by Application, 2018 - 2021, USD Million
TABLE 66 UAE Industrial Valves Market by Application, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Industrial Valves Market, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Industrial Valves Market, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Industrial Valves Market by Type, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Industrial Valves Market by Type, 2022 - 2028, USD Million
TABLE 71 Saudi Arabia Industrial Valves Market by Material Type, 2018 - 2021, USD Million
TABLE 72 Saudi Arabia Industrial Valves Market by Material Type, 2022 - 2028, USD Million
TABLE 73 Saudi Arabia Industrial Valves Market by Application, 2018 - 2021, USD Million
TABLE 74 Saudi Arabia Industrial Valves Market by Application, 2022 - 2028, USD Million
TABLE 75 South Africa Industrial Valves Market, 2018 - 2021, USD Million
TABLE 76 South Africa Industrial Valves Market, 2022 - 2028, USD Million
TABLE 77 South Africa Industrial Valves Market by Type, 2018 - 2021, USD Million
TABLE 78 South Africa Industrial Valves Market by Type, 2022 - 2028, USD Million
TABLE 79 South Africa Industrial Valves Market by Material Type, 2018 - 2021, USD Million
TABLE 80 South Africa Industrial Valves Market by Material Type, 2022 - 2028, USD Million
TABLE 81 South Africa Industrial Valves Market by Application, 2018 - 2021, USD Million
TABLE 82 South Africa Industrial Valves Market by Application, 2022 - 2028, USD Million
TABLE 83 Nigeria Industrial Valves Market, 2018 - 2021, USD Million
TABLE 84 Nigeria Industrial Valves Market, 2022 - 2028, USD Million
TABLE 85 Nigeria Industrial Valves Market by Type, 2018 - 2021, USD Million
TABLE 86 Nigeria Industrial Valves Market by Type, 2022 - 2028, USD Million
TABLE 87 Nigeria Industrial Valves Market by Material Type, 2018 - 2021, USD Million
TABLE 88 Nigeria Industrial Valves Market by Material Type, 2022 - 2028, USD Million
TABLE 89 Nigeria Industrial Valves Market by Application, 2018 - 2021, USD Million
TABLE 90 Nigeria Industrial Valves Market by Application, 2022 - 2028, USD Million
TABLE 91 Rest of LAMEA Industrial Valves Market, 2018 - 2021, USD Million
TABLE 92 Rest of LAMEA Industrial Valves Market, 2022 - 2028, USD Million
TABLE 93 Rest of LAMEA Industrial Valves Market by Type, 2018 - 2021, USD Million
TABLE 94 Rest of LAMEA Industrial Valves Market by Type, 2022 - 2028, USD Million
TABLE 95 Rest of LAMEA Industrial Valves Market by Material Type, 2018 - 2021, USD Million
TABLE 96 Rest of LAMEA Industrial Valves Market by Material Type, 2022 - 2028, USD Million
TABLE 97 Rest of LAMEA Industrial Valves Market by Application, 2018 - 2021, USD Million
TABLE 98 Rest of LAMEA Industrial Valves Market by Application, 2022 - 2028, USD Million
TABLE 99 Key Information – Emerson Electric Co.
TABLE 100 key information – Schlumberger N.V.
TABLE 101 Key information – IMI Plc.
TABLE 102 Key Information – Crane Co.
TABLE 103 Key Information – Flowserve Corporation
TABLE 104 Key Information – Metso Outotec Corporation
TABLE 105 Key Information – The Weir Group PLC
TABLE 106 Key Information – AVK Holding A/S
TABLE 107 key information – Avcon Controls Pvt. Ltd.
TABLE 108 Key Information – Forbes Marshall Pvt. Ltd
List of Figures
FIG 1 Methodology for the research