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The valves market size is forecast to increase by USD 12.52 billion at a CAGR of 4.33% between 2023 and 2028. The market is experiencing significant growth due to the expansion of industries such as Oil & Gas and Agriculture. In the Oil & Gas sector, both upstream and downstream processes require the use of industrial valves for production and distribution. Similarly, in the Agriculture Industry, the demand for derivative products like Aluminum and Steel is driving the need for efficient valve systems. However, the market is also facing challenges such as increasing steel imports and intense competition from both new and established players. Moreover, the midstream sector, which involves the transportation and storage of oil and gas, is also a significant consumer of valves. One notable trend is the increasing use of advanced technologies like Powell Valves and Crane Valves to improve operational efficiency and reduce maintenance costs. Overall, the market is expected to continue its growth trajectory, driven by industrialization and infrastructure development.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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