Appropriate developments in utilities and infrastructure are essential for the long-term economic growth of any country. The gate valves market across the region grabs promising opportunities from the continuously growing power sector in the region. Various countries are raising their investments in electricity generation. Valves play important functions of opening and closing inlets and outlets and managing cooling circuits, among others, in power plants. Hence, as the number of power stations and power-producing capacity expands in the region, the demand for gate valves is expected to flourish in the coming years. The need for wastewater treatment facilities has risen across the region due to the elevating concerns about untreated sewage. The best water treatment technologies and valves are used to build state-of-the-art treatment facilities. In water treatment plants, gate valves prevent water from flowing when the pumps are turned off. On the other hand, main air gate valves are mounted on the pump at high points on force to prevent the formation of vacuum pockets. Hence, the growing number of water treatment facilities is likely to create significant opportunities for the gate valve vendors.
Vendors in the South 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 South America gate valve market to grow at a notable CAGR during the forecast period.
The SAM gate valve market is segmented based on valve type, valve size, application, and country. Based on valve type, the SAM 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 SAM 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 SAM 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 SAM gate valve market has been categorized into Brazil, Argentina, and Rest of SAM. Brazil 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 SAM gate valves market.