North America Industrial Valve Market New Innovations and Future Expansion 2021-2028

North America Industrial Valve Market was valued at US$ 11,679.61 Million in 2021 and is projected to reach US$ 17,529.97 Million by 2028 with a CAGR of 6.0% from 2021 to 2028.

Crude oil is the backbone of the modern-day industrial economy. It acts as an important base raw material for deriving various chemicals. With the increasing rate of industrialization and urbanization, the demand for oil and gas has surged substantially. Countries across the region are expected to present huge demand for crude oil during the forecast period due to the continuous growth in their manufacturing sectors, supported by favorable economic conditions and government policies. Equinor, a petroleum refining company, has announced to invest US$ 8.8 billion by end of 2021 for driving the progress of Wisting petroleum discovery in the Arctic Barents Sea, the northernmost oilfield. Petróleo Brasileiro S.A. has also announced to invest US$ 68 billion from 2021 to 2026 for managing production at the offshore fields in the subsea pre-salt area. Further, a significant number of oil and gas refineries have aged and require maintenance operations. Natural gas emits less carbon than coal does. Therefore, with the growing emphasis on curtailing carbon emission, governments are favoring gas-powered power plants over coal-powered power plants, which propels the demand for natural gas. The growing production of oil and gas boosts the North America industrial valve market growth.

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Top Key Players Listed in the North America Industrial Valve Market 2021 – 2028 Report Are:

  • CIRCOR International, Inc.
  • Crane Co.
  • Emerson Electric Co.
  • Flowserve Corporation
  • IMI Critical Engineering
  • KITZ Corporation
  • Neway Valve (Suzhou) Co., Ltd
  • Schlumberger Limited
  • Spirax-Sarco Engineering plc
  • Velan Inc.

In this report, the market has been segmented on the basis of:

North America Industrial Valve Market – by Material Type

  • Cast Iron
  • Steel
  • Cryogenic
  • Alloy-Based
  • Others

North America Industrial Valve Market – by Valve Type

  • Ball Valves
  • Butterfly Valves
  • Diaphragm Valves
  • Safety Valves
  • Piston RAM Valves

North America Industrial Valve Market – by Industries

  • Oil and Gas
  • Water Treatment
  • Power and Energy
  • Chemicals and Petrochemical
  • Food and Beverage
  • Healthcare and Pharmaceutical
  • Others

North America Industrial Valve Market – by Country

  • US
  • Canada
  • Mexico

The North America Industrial Valve Market 2021 – 2028 Competitive Viewpoint:

This analysis is a useful resource for investors, shareholders, industry planners, and new and existing businesses trying to broaden their reach within the current Market situation. While focusing on top companies and their corporate strategies, market presence, operative segmentation, aggressive outlook, geographical growth, pricing and price structures, the study painstakingly takes into consideration the market analysis.

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• The latest developments within the North America Industrial Valve market and details of the industry leaders alongside their market share and methods.
• It looks into vital developments like extensions, agreements, new product launches, and acquisitions on the horizon.
• Analysis the market’s potential, preferred position, opportunity, difficulty, restrictions, and hazards on a world and regional level.

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