The Europe gate valve market is expected to grow from US$ 1,958.68 million in 2021 to US$ 2,701.59 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028.
In the oil & gas sector, gate valves have widespread applications in upstream, middle, and downstream operations. These valves employ a gate mechanism to completely open or close a pipeline. These valves provide an apt solution for the regulation and maintenance of flow rates. Thus, with the flourishing oil & gas sector across the region, the gate valves market is likely to keep up its pace during the forecast period. During the next two decades, the energy demand is expected to increase by 50%. This projected surge in demand is mainly attributed to the expanding population and rising living standards in emerging countries. Petroleum remains a key energy source despite the burgeoning popularity of new and renewable energy sources. New refineries are being planned at several locations across Europe. As a result, the flourishing oil and gas sector is a major contributor to the gate valves market proliferation across the region.
Vendors in the Europe gate valve market can attract new customers and expand their footprints in emerging markets by providing innovative products. This is likely to drive the market at a notable CAGR during the forecast period.
The Europe gate valve market is segmented based on valve type, valve size, application, and country. Based on valve type, the Europe gate valves market is segmented into flexible wedge, solid wedge, and split wedge or parallel disks valve. The solid wedge segment dominated the market in 2021. Based on valve size, the Europe gate valves market is segmented into 2" to 12", 14" to 36", and 42" and above. The 14" to 36" segment dominated the market in 2021. Based on application, the Europe gate valves market is segmented into oil and gas, water and wastewater treatment, chemical, and others. The oil and gas segment dominated the market in 2021. Based on country, the Europe gate valve market has been categorized into the UK, Germany, France, Italy, Russia, and rest of Europe. Germany dominated the market in 2021.
Bray International; DEZURIK, INC; Emerson Electric Co.; ITT Inc.; Mueller Co. LLC; Orbinox; Sistag AG; STAFSJö VALVES AB; and The Weir Group PLC are among the leading companies in the Europe gate valves market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,958.68 Million |
| Market Size by 2028 | US$ 2,701.59 Million |
| CAGR (2021 - 2028) | 4.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Valve Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Gate Valve Market is valued at US$ 1,958.68 Million in 2021, it is projected to reach US$ 2,701.59 Million by 2028.
As per our report Europe Gate Valve Market, the market size is valued at US$ 1,958.68 Million in 2021, projecting it to reach US$ 2,701.59 Million by 2028. This translates to a CAGR of approximately 4.1% during the forecast period.
The Europe Gate Valve Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Gate Valve Market report:
The Europe Gate Valve Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Gate Valve Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Gate Valve Market value chain can benefit from the information contained in a comprehensive market report.
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