Report Feature
Gate Valve Market Trends and Forecast
The future of the global gate valve market looks promising with opportunities in the oil & gas, manufacturing, automotive, and marine industries. The global gate valve market is expected to reach an estimated $12.3 billion by 2028 with a CAGR of 4.6% from 2023 to 2028. The major drivers for this market are widespread demand for these valves in municipal settings to limit water flow for residential use and significant use of these valves in oil and natural gas exploratory activities.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Gate Valve Market by Segment
The study includes a forecast for the global gate valve market by product type, material, end use industry, and region, as follows:
Gate Valve Market by Product Type [Shipment Analysis by Value from 2017 to 2028]:
- Parallel Slide Gate Valve
- Solid Wedge Gate Valve
- Flexible Wedge Gate Valve
- Double-Disc Valve
- Others
Gate Valve Market by Material [Shipment Analysis by Value from 2017 to 2028]:
- Stainless Steel
- Brass
- PVC (Polyvinyl Chloride)
- Others
Gate Valve Market by End Use Industry [Shipment Analysis by Value from 2017 to 2028]:
- Oil & Gas
- Manufacturing
- Automotive
- Marine
- Others
Gate Valve Market by Region [Shipment Analysis by Value from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Gate Valve Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies gate valve companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the gate valve companies profiled in this report include:
- Crane
- Curtiss-Wright
- Flowserve
- IMI Critical Engineering
- XHVAL Valve
Gate Valve Market Insights
- Lucintel forecasts that solid wedge gate valve is expected to witness highest growth over the forecast period due to the considerable utilization of these valves owing to their durability and simplicity.
- Oil & gas is expected to remain the largest segment due to the extensive usage of these valves for the upstream, middle, and downstream activities to provide a suitable solution for flow rate management and maintenance.
- APAC will remain the largest region due to the continuous expansion of manufacturing units, increasing investment in the pipeline infrastructure for downstream uses in the oil and gas sector, and rapid urbanization in the region.
Features of the Gate Valve Market
- Market Size Estimates: Gate valve market size estimation in terms of value.
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Gate valve market size by various segments, such as by product type, material, end use industry, and region
- Regional Analysis: Gate valve market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by product type, material, end use industry, and regions for the gate valve market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the gate valve market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the gate valve market size?
Answer: The global gate valve market is expected to reach an estimated $12.3 billion by 2028.
Q2. What is the growth forecast for gate valve market?
Answer: The global gate valve market is expected to grow with a CAGR of 4.6% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the gate valve market?
Answer: The major drivers for this market are widespread demand for these valves in municipal settings to limit water flow for residential use and significant use of these valves in oil and natural gas exploratory activities.
Q4. What are the major segments for gate valve market?
Answer: The future of the gate valve market looks promising with opportunities in the oil & gas, manufacturing, automotive, and marine industries.
Q5. Who are the key gate valve companies?
Answer: Some of the key gate valve companies are as follows:
Answer: The global gate valve market is expected to reach an estimated $12.3 billion by 2028.
Q2. What is the growth forecast for gate valve market?
Answer: The global gate valve market is expected to grow with a CAGR of 4.6% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the gate valve market?
Answer: The major drivers for this market are widespread demand for these valves in municipal settings to limit water flow for residential use and significant use of these valves in oil and natural gas exploratory activities.
Q4. What are the major segments for gate valve market?
Answer: The future of the gate valve market looks promising with opportunities in the oil & gas, manufacturing, automotive, and marine industries.
Q5. Who are the key gate valve companies?
Answer: Some of the key gate valve companies are as follows:
- Crane
- Curtiss-Wright
- Flowserve
- IMI Critical Engineering
- XHVAL Valve
Q6. Which gate valve segment will be the largest in future?
Answer: Lucintel forecasts that solid wedge gate valve is expected to witness highest growth over the forecast period due to the considerable utilization of these valves owing to their durability and simplicity.
Q7. In gate valve market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the continuous expansion of manufacturing units, massive pipeline infrastructure investment for downstream uses by the oil and gas sector, and rapid urbanization in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Answer: Lucintel forecasts that solid wedge gate valve is expected to witness highest growth over the forecast period due to the considerable utilization of these valves owing to their durability and simplicity.
Q7. In gate valve market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the continuous expansion of manufacturing units, massive pipeline infrastructure investment for downstream uses by the oil and gas sector, and rapid urbanization in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
