Follow

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Disclaimer
Industrial Valves in the Oil and Gas Market Set to Expand by USD 2.56 Billion from 2025 to 2029, Fueled by Demand for Efficient Solutions and AI Innovations Transforming the Landscape Industrial Valves in the Oil and Gas Market Set to Expand by USD 2.56 Billion from 2025 to 2029, Fueled by Demand for Efficient Solutions and AI Innovations Transforming the Landscape

Industrial Valves in the Oil and Gas Market Set to Expand by USD 2.56 Billion from 2025 to 2029, Fueled by Demand for Efficient Solutions and AI Innovations Transforming the Landscape

Industrial Valves in Oil and Gas Market to Grow by USD 2.56 Billion From 2025 to 2029, Driven by Demand for Efficient Valves, with AI Redefining Market Landscape

NEW YORK, Feb. 13, 2025 /PRNewswire/ — Report with market evolution powered by AI – The industrial valves in oil and gas market and it is set to grow by USD 2.56 billion from 2025 to 2029. However, the growth momentum will progressing at a CAGR of almost 3.6% during the forecast period, according to Technavio. The industrial valves in oil and gas market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  Alfa Laval AB, AVK Holding AS, Bray International Inc., Crane Holdings Co., Curtiss Wright Corp., Dembla Valves Ltd., Emerson Electric Co., Flowserve Corp., General Electric Co., Hobbs Valve Ltd., Honeywell International Inc., IMI Plc, ITT Inc., KITZ Corp., Larsen and Toubro Ltd., Pentair Plc, RF Valves Inc., Schlumberger Ltd., The Weir Group Plc, and Valvitalia SpA are some of the major market participants -. To know about the vendor offerings – Request a sample report

Technavio has announced its latest market research report titled Global Industrial Valves In Oil And Gas Market 2025-2029

Industrial Valves In Oil And Gas Market 2025-2029: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The industrial valves in oil and gas market report covers the following areas:

The industrial valves in oil and gas market is fragmented, and the degree of fragmentation will accelerate. The rise in demand for more efficient valves will offer immense growth opportunities. However, the Issue of counterfeit and fraudulent valves will hamper the market growth

Industrial Valves In Oil And Gas Market 2025-2029: Drivers & Challenges

The Oil and Gas industry relies heavily on industrial valves for various applications in exploration, refining, and transportation. Key valve types include Gate, Globe, Control, Valve automation solutions, and Smart valves. Drivers include international energy agency reports, sealing ability, and projects such as gas, pipeline, refining, and exploration activities. Mechanical devices manage liquid level, flow, pressure, and temperature. Upstream uses Check, Gate, Ball, Butterfly, and Globe valves, while Midstream and Downstream employ Pressure relief valves. Valve sizes range from Below 10 inch to Above 20 inch, serving sectors like onshore exploration and gasoline demand. Automated valve operations enhance efficiency and safety. Valve types ensure reliable process control in Liquid and Gas projects.

Story Continues

Source link

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Disclaimer