Authored By: Sarah
27 Dec 2022

Valves Market Analysis 2023-2027: Deep Sea Mining will Fuel the Market Growth 

The valves market is segmented by application (mineral fuels, iron and ferro-alloys, non-ferrous metals, precious metals, and industrial minerals), type (multi-turn valves, quarter turn valves, and control valves), and geography (Apac, Europe, north America, Middle East and Africa, and South America). Deep sea mining is the major valves market trend which will positively influence the market value. 

Valves Market Outlook 2027 

  • The valves market share will value over USD 1,336.86 million by 2027 

  • It is estimated to expand at a CAGR of 3.88% from 2022 to 2027 

  • The valves market size will witness a YOY growth rate of 3.58% in 2023 

Get a peek into the Valves Market Analysis Report 2023-2027. Unlock the Sample Report 

Valves Market Analysis 2023-2027: Deep Sea Mining will Fuel the Market Growth

Deep sea mining will Fuel the Market Growth  

Petroleum and natural gas have been extracted for years from deepsea and offshore wells, but now, the same seabed holds substantial promise for mineral mining. In deep-sea mining, robots are used to extract minerals. Damen Shipyards has equipped its robots with dredge valves that are very specific to their applications in the sea and can work in accordance with the prevailing conditions.

Growth in the Smart Mining Industry to Drive Market Growth 

Mining industry players are making substantial investments in automating their mining processes. The mining industry players are increasingly adopting automated control valves in their processes. It is expected that the growth in the smart mining industry will increase the deployment of valves during the forecast period.  

Valves Market Vendors 

Some of the major valves market vendors are: 

  • Alfa Laval Corporate AB
  • AVK Holding AS
  • Bray International Inc.
  • Crane Co.
  • Curtiss Wright Corp.
  • Dembla Valves Ltd.
  • Emerson Electric Co.
  • Flowserve Corp.
  • General Electric Co.
  • Hobbs Valve Ltd.
  • Honeywell International Inc.
  • ITT Inc.
  • KITZ Corp.
  • Larsen and Toubro Ltd.
  • Pentair Plc
  • RF Valves Inc.
  • Schlumberger Ltd.
  • The Weir Group Plc
  • Velan Inc.

Technavio's research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report 

Key Takeaways 

  • The fluctuation in raw material pricing are the major hindrance for market players 

  • The valves market structure is fragmented in nature. 

  • 61% of valves market growth will develop from APAC. 

  • The market growth by the minerals fuel segment will be significant during 2023-2027.

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