Over the years, several companies operating in the Middle East & Africa industrial valve market have been focused on small valves. However, several other industries have showcased a rise in demand for large valves owing to the installation of large pipelines, as they offer higher flexibility compared to small valves. This has influenced the global industry valve market players to focus on new product development and strategic partnerships with clients to deliver products as per customer needs. For instance, in May 2022, Neway Valve announced its partnership with an anonymous oil company to supply gate valves of 88 inches and 72 inches. These valves are experiencing a rise in demand across various oil & gas companies owing to their high anti-leak features. Similarly, in February 2023, ARMATURY Group a.s. supplied 60 pieces of 43.5 inches gate valves to Gaz System for its Gustorzyn-Wronów-Dolna Odra project. Thus, the rising demand for large gate valves across industries is expected to offer lucrative business opportunities to the Middle East & Africa industry valve market players over the forecast period.
Based on country, the industrial valve market in the Middle East & Africa (MEA) is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The growing desalination business across the region due to constantly rising urbanization drives the regional market growth. Rising oil & gas business in northern Africa and the growing nuclear & renewable energy sectors are expected to fuel the industrial valve market in the Middle East & Africa during the forecast period. Water and wastewater applications across the Middle East & Africa and the petrochemical industry in the chemical industry are expected to boost the industrial valve market growth in the future.
Middle East & Africa Industrial Valve Market Segmentation
The Middle East & Africa industrial valve market is segmented based on material type, valve type, industry, and country. Based on material type, the Middle East & Africa industrial valve market is segmented into cast iron, steel, cryogenic, alloy-based, and others. The steel segment held the largest market share in 2023.
Based on valve type, the Middle East & Africa industrial valve market is segmented into ball valves, butterfly valves, diaphragm valves, safety valves, piston ram valves, gate valves, and control valves. The ball valves segment held the largest market share in 2023.
Based on industry, the Middle East & Africa industrial valve market is bifurcated into oil & gas and chemicals & petrochemical. The oil & gas segment held a larger market share in 2023.
Based on country, the Middle East & Africa industrial valve market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa industrial valve market share in 2023.
Velan Inc.; Crane Co.; Circor International Inc.; Flowserve Corp; Emerson Electric Co.; KITZ Corporation; Neway Valve (Suzhou) Co., Ltd; Spirax Sarco Engineering Plc; Schlumberger Ltd; and Weir Group PLC are the leading companies operating in the Middle East & Africa industrial valve market.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 2,349.78 Million |
| Market Size by 2028 | US$ 2,776.10 Million |
| CAGR (2023 - 2028) | 3.4% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2028 |
| Segments Covered |
By Material Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Industrial Valve Market is valued at US$ 2,349.78 Million in 2023, it is projected to reach US$ 2,776.10 Million by 2028.
As per our report Middle East & Africa Industrial Valve Market, the market size is valued at US$ 2,349.78 Million in 2023, projecting it to reach US$ 2,776.10 Million by 2028. This translates to a CAGR of approximately 3.4% during the forecast period.
The Middle East & Africa Industrial 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 Middle East & Africa Industrial Valve Market report:
The Middle East & Africa Industrial Valve Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Industrial Valve Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Industrial Valve Market value chain can benefit from the information contained in a comprehensive market report.
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