Accelerating at a CAGR of over 2.85%, the high-pressure valves market is expected to grow by post an incremental growth of $ 1.14 bn over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.
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High-pressure Valves Market: Market Segments and Key Trends
The research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The market is segmented by Product (Quarter-turn valves, Multi-turn valves, and Control valves), End-user (Oil and gas industry, Mining industry, Chemical industry, Water and wastewater industry, and Others), and Geography (APAC, Europe, North America, MEA, and South America). 36% of the market growth will originate from APAC during the forecast period. However, competitive pricing strategy adopted by regional vendors is one of the challenges that will need to be overcome to drive growth.
High-pressure Valves Market: Top Drivers to Boost Demand
One of the primary factors that will drive market growth is the protecting assets deployed in high-pressure environment. The high-pressure valves market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.
High-pressure Valves Market: Vendor Analysis
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Danfoss AS, Emerson Electric Co., Forbes Marshall Pvt. Ltd., Graco Inc., Nordson Corp., Parker Hannifin Corp., Robert Bosch GmbH, The Weir Group Plc, Trane Technologies Plc, and Valvulas Metalurgica Zaes SL are some of the major market participants.
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High-pressure Valves Market: Key Highlights of the Report for 2021-2025
The report provides insights into the following FAQs:
Technavio has been monitoring the high-pressure valves market and it is expected to grow by $ 634.69 mn, accelerating at a CAGR of almost 1% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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High-pressure Valves Market: APAC to lead market growth during the forecast period
High-pressure Valves Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Danfoss AS, Emerson Electric Co., Forbes Marshall Pvt. Ltd., Graco Inc., High Pressure Equipment Co., Ingersoll-Rand (India) Ltd., Nordson Corp., Parker Hannifin Corp., The Weir Group Plc, and Valvulas Metalurgica Zaes SL are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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High-pressure Valves Market: Key Highlights of the Report for 2020-2024
High-pressure Valves Market: Segmentation by Product
During 2019, the quarter-turn valves segment accounted for the major share of the High-pressure Valves Market. Quarter-turn valves are the most reliable valves when it comes to controlling the flow of liquid in high-pressure applications. The need for protection of assets deployed in high-pressure environment and regulations governing emission control will offer immense growth opportunities. This report provides an accurate prediction of the contribution of all the segments to the growth of the high-pressure valves market.
High-pressure Valves Market: Segmentation by Geography
APAC was the largest High-pressure Valves Market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The trend of industrialization has given rise to onshore and offshore refining of oil and gas in the APAC region. APAC will offer several growth opportunities to market vendors during the forecast period with China and Japan being the key markets for high-pressure valves in the region.
High-pressure Valves Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Danfoss AS, Emerson Electric Co. and Forbes Marshall Pvt. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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