Transparent Market Research (TMR) recently released a market research report on all dynamics and analysis of the global valve market. The report states that the global valve market size in 2016 was approximately $60.9061 billion. The company's analysts predict that the market will experience a stable compound annual growth rate (CAGR) of 7.0% during the reporting period from 2018 to 2026.

The research report predicts that under such a high-speed growth trend, the global valve market size will reach 117.865 billion US dollars by the end of 2025. The global market will continue to be influenced by a series of macroeconomic factors in various industries.

The global valve market is dominated by large and medium-sized suppliers and manufacturers. At present, these suppliers are focusing on launching efficient valves with enhanced pressure control capabilities.

In addition, leading companies in the international market also tend to adopt proactive marketing strategies, such as strengthening their business portfolio in the global market through mergers and acquisitions and cooperation.

The ball valve department will continue to lead the market

In terms of product types, the global valve market is dominated by ball valves. It is expected that the CAGR of the ball valve market will reach 6% during the reporting period from 2018 to 2026.

The main reason for the rapid growth of this field is that ball valves have been more widely used in the residential industry to control flow rates in water, gas systems, and indoor heating. Some vertical industries, such as wastewater management, pulp and chemical products, are also industries where ball valves are applied.

It is expected that the CAGR of the butterfly valve market will be 7.0% during the reporting period. Butterfly control valves are widely used in industrial vertical fields such as salt water flow control, desalination systems, petroleum production and refining, and reverse osmosis.

Due to an increase in industrial infrastructure expenditure, the CAGR in the Asia Pacific region is 8.5%.

From a regional perspective, the global valve market is divided into key regions such as Asia Pacific, North America, Latin America, Europe, the Middle East, and Africa. During the reporting period, the Asia Pacific region will lead the global market.

The CAGR in the Asia Pacific region is expected to reach 8.5%. This growth in the market should be attributed to the increasing spending of developing economies such as India and China on industrial infrastructure.

In the coming years, it is expected that the European and North American markets will also witness stable growth. One of the main reasons is the technological progress in the valve manufacturing industry. In addition, the proactive strategies adopted by enterprises in the region also contribute to driving the growth of the valve market in these regions.

The growth of the global valve market is influenced by multiple factors. One of the driving factors is the increase in oil and gas resource exploration activities. These activities mainly occur in North America, the Middle East, and Africa. Valves are an important component of onshore and offshore oil and gas exploration activities.