Product Code: ETC022787 | 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 | |
The Singapore Industrial Valves Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 4.01% in 2025, the market peaks at 4.04% in 2026, and settles at 2.36% by 2029.
The Industrial Valves market in Singapore is projected to grow at a stable growth rate of 3.87% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The industrial valves market in Singapore is expected to register a CAGR of 8.2% during the forecast period 2020-2026. The increasing investments in infrastructure development, oil & gas, and power plants are likely to drive the industrial valves market growth significantly over the next few years. Additionally, rising demand for reliable and efficient instrumentation solutions is expected to fuel the demand for industrial valves further during this period.
Increasing Investments in Infrastructure Development: Singapore has witnessed significant investments towards upgrading its existing infrastructure facilities such as roads and ports. This investment will benefit numerous industries ranging from automotive to process sectors which require proper valve applications for smooth functioning of their systems. These factors have led to an increase in demand for advanced valve technologies across various end user industries that will propel industry growth through 2026.Growing Adoption of Automation Solutions: Increasing automation across different sectors such as food & beverage, pharmaceuticals and chemicals has resulted in higher adoption rate of automated instruments including automated control valves among other products offered by companies operating within this space. This factor along with growing trend towards energy efficiencywill boost the usage of these products helping expandthemarket sizeinSingaporethrough 2026.
High cost associated with maintenance: Industrial valve products require frequent maintenance if they are not properly closed or opened due their vital role play when it comes o controlling flow rate within pipes system. Such activities incur hefty costs on part buyers thereby limiting adoption rates among customers especially those belonging small scale businesses where funds required fro such purpose might not be readily available.
Some major players operating withinthis industryinclude Emerson Electric Co., Flowserve Corporation, Kitz Corporation, Pentair plc, Spirax Sar
The COVID-19 pandemic had a negative impacts on all sectors including manufacturing resulting into low business activity along with disruption supply chains globally.Furthermore, restrictions imposed by governments around world regarding travelling also created hindrance ion installation process leading stagnation sales figures within this segment.Nevertheless, companies operating n this vertical managed overcome challenges posed by Covid - 19 via delivering essential services despite challenging environment thus sustaining performance momentum even during crisis situation.
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 Singapore Industrial Valves Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Industrial Valves Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Industrial Valves Market - Industry Life Cycle |
3.4 Singapore Industrial Valves Market - Porter's Five Forces |
3.5 Singapore Industrial Valves Market Revenues & Volume Share, By Function, 2020 & 2030F |
3.6 Singapore Industrial Valves Market Revenues & Volume Share, By Material, 2020 & 2030F |
3.7 Singapore Industrial Valves Market Revenues & Volume Share, By Types, 2020 & 2030F |
3.8 Singapore Industrial Valves Market Revenues & Volume Share, By Size, 2020 & 2030F |
3.9 Singapore Industrial Valves Market Revenues & Volume Share, By End-user Industry, 2020 & 2030F |
4 Singapore Industrial Valves Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Industrial Valves Market Trends |
6 Singapore Industrial Valves Market, By Types |
6.1 Singapore Industrial Valves Market, By Function |
6.1.1 Overview and Analysis |
6.1.2 Singapore Industrial Valves Market Revenues & Volume, By Function, 2020-2030F |
6.1.3 Singapore Industrial Valves Market Revenues & Volume, By On-off/Isolation, 2020-2030F |
6.1.4 Singapore Industrial Valves Market Revenues & Volume, By Control, 2020-2030F |
6.2 Singapore Industrial Valves Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Singapore Industrial Valves Market Revenues & Volume, By Steel, 2020-2030F |
6.2.3 Singapore Industrial Valves Market Revenues & Volume, By Cast Iron, 2020-2030F |
6.2.4 Singapore Industrial Valves Market Revenues & Volume, By Cryogenic, 2020-2030F |
6.2.5 Singapore Industrial Valves Market Revenues & Volume, By Alloy Based, 2020-2030F |
6.2.6 Singapore Industrial Valves Market Revenues & Volume, By Others, 2020-2030F |
6.3 Singapore Industrial Valves Market, By Types |
6.3.1 Overview and Analysis |
6.3.2 Singapore Industrial Valves Market Revenues & Volume, By Ball Valves, 2020-2030F |
6.3.3 Singapore Industrial Valves Market Revenues & Volume, By Butterfly Valves, 2020-2030F |
6.3.4 Singapore Industrial Valves Market Revenues & Volume, By Check Valves, 2020-2030F |
6.3.5 Singapore Industrial Valves Market Revenues & Volume, By Diaphragm Valves, 2020-2030F |
6.3.6 Singapore Industrial Valves Market Revenues & Volume, By Gate Valves, 2020-2030F |
6.3.7 Singapore Industrial Valves Market Revenues & Volume, By Globe Valves, 2020-2030F |
6.3.8 Singapore Industrial Valves Market Revenues & Volume, By Safety Valves, 2020-2030F |
6.3.9 Singapore Industrial Valves Market Revenues & Volume, By Safety Valves, 2020-2030F |
6.4 Singapore Industrial Valves Market, By Size |
6.4.1 Overview and Analysis |
6.4.2 Singapore Industrial Valves Market Revenues & Volume, By Up To 1?, 2020-2030F |
6.4.3 Singapore Industrial Valves Market Revenues & Volume, By 1-6?, 2020-2030F |
6.4.4 Singapore Industrial Valves Market Revenues & Volume, By 6-25?, 2020-2030F |
6.4.5 Singapore Industrial Valves Market Revenues & Volume, By 25-50?, 2020-2030F |
6.4.6 Singapore Industrial Valves Market Revenues & Volume, By 50? and Larger, 2020-2030F |
6.5 Singapore Industrial Valves Market, By End-user Industry |
6.5.1 Overview and Analysis |
6.5.2 Singapore Industrial Valves Market Revenues & Volume, By Oil & Gas, 2020-2030F |
6.5.3 Singapore Industrial Valves Market Revenues & Volume, By Water & Wastewater Treatment, 2020-2030F |
6.5.4 Singapore Industrial Valves Market Revenues & Volume, By Energy & Power, 2020-2030F |
6.5.5 Singapore Industrial Valves Market Revenues & Volume, By Food & Beverages, 2020-2030F |
6.5.6 Singapore Industrial Valves Market Revenues & Volume, By Chemicals, 2020-2030F |
6.5.7 Singapore Industrial Valves Market Revenues & Volume, By Building & Construction, 2020-2030F |
6.5.8 Singapore Industrial Valves Market Revenues & Volume, By Others, 2020-2030F |
6.5.9 Singapore Industrial Valves Market Revenues & Volume, By Others, 2020-2030F |
7 Singapore Industrial Valves Market Import-Export Trade Statistics |
7.1 Singapore Industrial Valves Market Export to Major Countries |
7.2 Singapore Industrial Valves Market Imports from Major Countries |
8 Singapore Industrial Valves Market Key Performance Indicators |
9 Singapore Industrial Valves Market - Opportunity Assessment |
9.1 Singapore Industrial Valves Market Opportunity Assessment, By Function, 2020 & 2030F |
9.2 Singapore Industrial Valves Market Opportunity Assessment, By Material, 2020 & 2030F |
9.3 Singapore Industrial Valves Market Opportunity Assessment, By Types, 2020 & 2030F |
9.4 Singapore Industrial Valves Market Opportunity Assessment, By Size, 2020 & 2030F |
9.5 Singapore Industrial Valves Market Opportunity Assessment, By End-user Industry, 2020 & 2030F |
10 Singapore Industrial Valves Market - Competitive Landscape |
10.1 Singapore Industrial Valves Market Revenue Share, By Companies, 2023 |
10.2 Singapore Industrial Valves Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |