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Middle East Industrial Valve Market Trends

Report ID: GMI10590
Published Date: Aug 2024
Report Format: PDF

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Middle East Industrial Valve Market Trends

One significant trend is the increasing adoption of smart valve technologies. As industries across the region embrace digital transformation, there's a growing demand for valves equipped with sensors and actuators that can provide real-time data and allow for remote monitoring and control. This shift towards smart valves is driven by the need for improved efficiency, reduced downtime, and enhanced safety in industrial operations. Another emerging trend is the focus on sustainability and energy efficiency. With growing environmental concerns and stricter regulations, industries are seeking valve solutions that can minimize leakage, reduce energy consumption, and improve overall process efficiency.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of Middle East industrial valve was worth over USD 2.6 billion in 2023 and is expected to register 6.3% CAGR from 2024 to 2032, owing to a surge in infrastructure development and government investments in the region.

Middle East industrial valve industry from the check valves segment held 19.6% share in 2023 and is expected to register an appreciable CAGR from 2024 to 2032, due to their ability to allow fluid flow in one direction while preventing backflow.

Middle East industrial valve industry from the actuators segment held 46.8% share in 2023 and is expected to register a commendable CAGR from 2024 to 2032, due to a growing demand for high-quality, durable valve components that can withstand harsh environmental conditions.

Honeywell International Inc., IMI plc , KSB SE & Co. KGaA, Metso Corporation, Panasonic Corporation, Philips Corporation, SAMSON Controls Inc., Schlumberger Limited, The Procter & Gamble Company, Velan Inc., and Weir Group plc, are some of the major industrial valve companies from Middle East.