North America Gate Valve Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Valve Type (Flexible Wedge, Solid Wedge, and Split Wedge or Parallel Disks Valve), Valve Size (2" to 12", 14" to 36", and 42" and Above), and Application (Oil and Gas, Water and Wastewater Treatment, Chemical, and Others)
The North America gate valve market is expected to grow from US$ 1,715.14 million in 2021 to US$ 2,279.46 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028.
Since the beginning of the industrial revolution, technological advancements have led to a tremendous surge in industrial production capacities; as a result, the dependence of the regional economy on manufacturing has increased. According to PricewaterhouseCoopers (PwC), growing economies, labor quality, tax policies, regulatory environments, and transportation and energy prices are the factors that have catalyzed the comeback of the manufacturing sector. As a result of the expanding manufacturing sector, the dependent markets, including mechanical equipment providers, are flourishing. Moreover, with the emergence of new categories of consumers in developing countries, manufacturers are likely to have significant new prospects. Innovations catalyze the evolution in demands, thus compelling manufacturers to use modern equipment, including gate valves, in manufacturing units. Gate valves offer the necessary fluid flow between different industrial equipment setups. These valves function as a component that cuts through obstructions in heavy liquids and gases by using a blade. These knife gate valves were first introduced into the pulp and paper sector to chop stringy pulp between manufacturing locations. Gate valves were quickly adopted across various sectors, including oil & gas, wastewater treatment, mining, and electricity, due to ease of handling and low costs. The adoption of gate valves has subsequently risen across all production sites. These are often available in big capacities to efficiently handle heavy and viscous slurries, grease, oil, paper pulp, varnish, and wastewater flows, among others. The availability of gate valves with technology-driven provisions propels the gate valve market growth.
Vendors in the North America 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.
North America Gate Valve Market Revenue and Forecast to 2028 (US$ Million)
North America Gate Valve Market Segmentation
The North America gate valve market is segmented on the basis of valve type, valve size, application, and country. Based on valve type, the market is segmented into flexible wedge, solid wedge, and split wedge or parallel disk valve. The solid wedge segment dominated the market in 2021. Based on valve size, the North America 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 North America 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 North America gate valve market has been categorized into the US, Canada, and Mexico. The US 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 operating in the North America gate valves market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Gate Valves Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Gate Valves Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Demand in Oil & Gas Sector
5.1.2 Growth in Industrialization
5.2 Key Market Restraints
5.2.1 Concerns Regarding Raw Materials Used in Gate Valve Manufacturing
5.3 Key Market Opportunities
5.3.1 Increasing Number of Power Generation and Wastewater Treatment Facilities
5.4 Future Trends
5.4.1 Popularity of Automation
5.5 Impact Analysis of Drivers and Restraints
6. Gate Valves Market – North America Analysis
6.1 North America Gate Valves Market Overview
6.2 North America Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
7. North America Gate Valves Market Analysis – By Valve Type
7.1 Overview
7.2 North America Gate Valves Market, By Valve Type (2020 and 2028)
7.3 Flexible Wedge
7.3.1 Overview
7.3.2 Flexible Wedge: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Solid Wedge
7.4.1 Overview
7.4.2 Solid Wedge: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Split Wedge or Parallel Disks Valve
7.5.1 Overview
7.5.2 Split Wedge or Parallel Disks Valve: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Gate Valves Market Analysis – By Valve Size
8.1 Overview
8.2 North America Gate Valves Market, by Valve Size (2020 and 2028)
8.3 2” to 12”
8.3.1 Overview
8.3.2 2” to 12”: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
8.4” to 36”
8.4.1 Overview
8.4.2” to 36”: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
8.5” and Above
8.5.1 Overview
8.5.2” and Above: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Gate Valves Market Analysis – By Application
9.1 Overview
9.2 North America Gate Valves Market, by Application (2020 and 2028)
9.3 Oil and Gas
9.3.1 Overview
9.3.2 Oil and Gas: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Water and Wastewater Treatment
9.4.1 Overview
9.4.2 Water and Wastewater Treatment: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Chemical
9.5.1 Overview
9.5.2 Chemical: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Gate Valves Market – Country Analysis
10.1 Overview
10.1.1 North America: Gate Valves Market- by Key Country
10.1.1.1 US: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 US: Gate Valves Market- by Valve Type
10.1.1.1.2 US: Gate Valves Market- By Valve Size
10.1.1.1.3 US: Gate Valves Market- By Application
10.1.1.2 Canada: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Canada: Gate Valves Market- by Valve Type
10.1.1.2.2 Canada: Gate Valves Market- By Valve Size
10.1.1.2.3 Canada: Gate Valves Market- By Application
10.1.1.3 Mexico: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Mexico: Gate Valves Market- by Valve Type
10.1.1.3.2 Mexico: Gate Valves Market- By Valve Size
10.1.1.3.3 Mexico: Gate Valves Market- By Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 Bray International
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 DEZURIK, INC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Emerson Electric Co.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 ITT Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Mueller Co. LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Orbinox
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Sistag AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 STAFSJö VALVES AB
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 The Weir Group PLC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Gate Valves Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. US: Gate Valves Market- by Valve Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Gate Valves Market- By Valve Size –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Gate Valves Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Gate Valves Market- by Valve Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Gate Valves Market- By Valve Size –Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Gate Valves Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Gate Valves Market- by Valve Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Gate Valves Market- By Valve Size –Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Gate Valves Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Gate Valves Market Segmentation
Figure 2. North America Gate Valves Market Segmentation – By Country
Figure 3. North America Gate Valves Market Overview
Figure 4. North America Gate Valves Market, By Valve Type
Figure 5. North America Gate Valves Market, By Country
Figure 6. North America PEST Analysis
Figure 7. North America Gate Valves Market– Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. North America Gate Valves Market: Impact Analysis of Drivers and Restraints
Figure 10. North America Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Gate Valves Market Revenue Share, by Valve Type (2020 and 2028)
Figure 12. North America Flexible Wedge: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Solid Wedge: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Split Wedge or Parallel Disks Valve: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Gate Valves Market Revenue Share, by Valve Size (2020 and 2028)
Figure 16. North America 2” to 12”: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America 14” to 36”: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America 42” and Above: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Gate Valves Market Revenue Share, by Application (2020 and 2028)
Figure 20. North America Oil and Gas: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Water and Wastewater Treatment: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Chemical: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Others: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America: Gate Valves Market, by Key Country – Revenue (2020) (US$ Million)
Figure 25. North America: Gate Valves Market Revenue Share, by Key Country (2020 and 2028)
Figure 26. US: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Canada: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Mexico: Gate Valves Market – Revenue and Forecast to 2028 (US$ Million)
- Bray International
- DEZURIK, INC
- Emerson Electric Co.
- ITT Inc.
- Mueller Co. LLC
- Orbinox
- Sistag AG
- STAFSJö VALVES AB
- The Weir Group PLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America gate valve market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America gate valve market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the gate valve market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution