Market Forecast By Function (On-off/Isolation, Control), By Material (Steel, Cast Iron, Cryogenic, Alloy Based, Others), By Types (Ball Valves, Butterfly Valves, Check Valves, Diaphragm Valves, Gate Valves, Globe Valves, Plug Valves, Safety Valves), By Size (Up To 1”, 1-6”, 6-25”, 25-50”, 50” and Larger), By End-user Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Food & Beverages, Chemicals, Building & Construction, Pulp & Paper, Others) And Competitive Landscape
Product Code: ETC022799 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Industrial Valves market currently, in 2023, has witnessed an HHI of 1197, Which has decreased slightly as compared to the HHI of 1619 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Saudi Arabia Industrial Valves market is projected to grow at a CAGR of 6.3% over the forecast period of 2020-2026. Industrial valves are important components used in industrial processes for controlling and regulating the flow, pressure, temperature and other characteristics of fluids such as oil, gas, water etc. The growing demand from various end-user industries such as oil & gas, chemical & petrochemical plants and power generation units will drive the growth in this market.
The increasing demand from oil & gas industry due to shale boom has resulted in increased investments in exploration activities across Saudi Arabia which is expected to drive the demand for industrial valves. Moreover, with rapid urbanization and population growth there is an increase in infrastructure projects leading to high demand for industrial valves from construction sector too. The government initiatives towards development of downstream sector along with focus on energy efficiency are further expected to boost the sales of industrial valves during the forecast period 2020-2026. Additionally introduction of various regulations by authorities aiming at safety maintenance have also led to increased adoption rate among users thus providing support for strong expansion prospects.
One major challenge faced by players operating within this region is that associated with installation cost owing to presence of advanced models having sophisticated features which require additional cost while installing them making it difficult especially for small scale enterprises.
Due To Covid 19 pandemic most manufacturing facilities were shut down due to disruption caused by lockdowns imposed globally resulting dropdown n production rates thereby impacting revenues generated through sale od industrial valves . However , post easing up restrictions gradual recovery was observed though not enough o compensate losses incurred during lockdown period.
Prominent players operating within Saudi Arabia Valve Market include Emerson Electric Co , Flowserve Corporation , Pentair Plc., Asahi Kasei Corp., Crane Co., ITT Inc., Metso Corporation , Rotork PLC And Tyco International Ltd.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Industrial Valves Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Industrial Valves Market Revenues & Volume, 2020 & 2030F |
3.3 Saudi Arabia Industrial Valves Market - Industry Life Cycle |
3.4 Saudi Arabia Industrial Valves Market - Porter's Five Forces |
3.5 Saudi Arabia Industrial Valves Market Revenues & Volume Share, By Function, 2020 & 2030F |
3.6 Saudi Arabia Industrial Valves Market Revenues & Volume Share, By Material, 2020 & 2030F |
3.7 Saudi Arabia Industrial Valves Market Revenues & Volume Share, By Types, 2020 & 2030F |
3.8 Saudi Arabia Industrial Valves Market Revenues & Volume Share, By Size, 2020 & 2030F |
3.9 Saudi Arabia Industrial Valves Market Revenues & Volume Share, By End-user Industry, 2020 & 2030F |
4 Saudi Arabia Industrial Valves Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Industrial Valves Market Trends |
6 Saudi Arabia Industrial Valves Market, By Types |
6.1 Saudi Arabia Industrial Valves Market, By Function |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Industrial Valves Market Revenues & Volume, By Function, 2020-2030F |
6.1.3 Saudi Arabia Industrial Valves Market Revenues & Volume, By On-off/Isolation, 2020-2030F |
6.1.4 Saudi Arabia Industrial Valves Market Revenues & Volume, By Control, 2020-2030F |
6.2 Saudi Arabia Industrial Valves Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Industrial Valves Market Revenues & Volume, By Steel, 2020-2030F |
6.2.3 Saudi Arabia Industrial Valves Market Revenues & Volume, By Cast Iron, 2020-2030F |
6.2.4 Saudi Arabia Industrial Valves Market Revenues & Volume, By Cryogenic, 2020-2030F |
6.2.5 Saudi Arabia Industrial Valves Market Revenues & Volume, By Alloy Based, 2020-2030F |
6.2.6 Saudi Arabia Industrial Valves Market Revenues & Volume, By Others, 2020-2030F |
6.3 Saudi Arabia Industrial Valves Market, By Types |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Industrial Valves Market Revenues & Volume, By Ball Valves, 2020-2030F |
6.3.3 Saudi Arabia Industrial Valves Market Revenues & Volume, By Butterfly Valves, 2020-2030F |
6.3.4 Saudi Arabia Industrial Valves Market Revenues & Volume, By Check Valves, 2020-2030F |
6.3.5 Saudi Arabia Industrial Valves Market Revenues & Volume, By Diaphragm Valves, 2020-2030F |
6.3.6 Saudi Arabia Industrial Valves Market Revenues & Volume, By Gate Valves, 2020-2030F |
6.3.7 Saudi Arabia Industrial Valves Market Revenues & Volume, By Globe Valves, 2020-2030F |
6.3.8 Saudi Arabia Industrial Valves Market Revenues & Volume, By Safety Valves, 2020-2030F |
6.3.9 Saudi Arabia Industrial Valves Market Revenues & Volume, By Safety Valves, 2020-2030F |
6.4 Saudi Arabia Industrial Valves Market, By Size |
6.4.1 Overview and Analysis |
6.4.2 Saudi Arabia Industrial Valves Market Revenues & Volume, By Up To 1?, 2020-2030F |
6.4.3 Saudi Arabia Industrial Valves Market Revenues & Volume, By 1-6?, 2020-2030F |
6.4.4 Saudi Arabia Industrial Valves Market Revenues & Volume, By 6-25?, 2020-2030F |
6.4.5 Saudi Arabia Industrial Valves Market Revenues & Volume, By 25-50?, 2020-2030F |
6.4.6 Saudi Arabia Industrial Valves Market Revenues & Volume, By 50? and Larger, 2020-2030F |
6.5 Saudi Arabia Industrial Valves Market, By End-user Industry |
6.5.1 Overview and Analysis |
6.5.2 Saudi Arabia Industrial Valves Market Revenues & Volume, By Oil & Gas, 2020-2030F |
6.5.3 Saudi Arabia Industrial Valves Market Revenues & Volume, By Water & Wastewater Treatment, 2020-2030F |
6.5.4 Saudi Arabia Industrial Valves Market Revenues & Volume, By Energy & Power, 2020-2030F |
6.5.5 Saudi Arabia Industrial Valves Market Revenues & Volume, By Food & Beverages, 2020-2030F |
6.5.6 Saudi Arabia Industrial Valves Market Revenues & Volume, By Chemicals, 2020-2030F |
6.5.7 Saudi Arabia Industrial Valves Market Revenues & Volume, By Building & Construction, 2020-2030F |
6.5.8 Saudi Arabia Industrial Valves Market Revenues & Volume, By Others, 2020-2030F |
6.5.9 Saudi Arabia Industrial Valves Market Revenues & Volume, By Others, 2020-2030F |
7 Saudi Arabia Industrial Valves Market Import-Export Trade Statistics |
7.1 Saudi Arabia Industrial Valves Market Export to Major Countries |
7.2 Saudi Arabia Industrial Valves Market Imports from Major Countries |
8 Saudi Arabia Industrial Valves Market Key Performance Indicators |
9 Saudi Arabia Industrial Valves Market - Opportunity Assessment |
9.1 Saudi Arabia Industrial Valves Market Opportunity Assessment, By Function, 2020 & 2030F |
9.2 Saudi Arabia Industrial Valves Market Opportunity Assessment, By Material, 2020 & 2030F |
9.3 Saudi Arabia Industrial Valves Market Opportunity Assessment, By Types, 2020 & 2030F |
9.4 Saudi Arabia Industrial Valves Market Opportunity Assessment, By Size, 2020 & 2030F |
9.5 Saudi Arabia Industrial Valves Market Opportunity Assessment, By End-user Industry, 2020 & 2030F |
10 Saudi Arabia Industrial Valves Market - Competitive Landscape |
10.1 Saudi Arabia Industrial Valves Market Revenue Share, By Companies, 2023 |
10.2 Saudi Arabia Industrial Valves Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |