MarkNtel Advisors recently published a report, titled, ” Europe Industrial Valves Market Europe Industrial Valves Market Report – By Type (Globe Valve, Ball Valve, Butterfly Valve, Gate Valve, Plug Valve, Others), By Product (Quarter Turn Valve, Multi-turn Valve, Others), By Standards (ASTM, DIN EN), By Application (Water & Wastewater Management, Power, Chemicals, Oil & Gas, Other Applications (includes Food Processing, Mining, and Marine)), Others. As per as the report The Europe Industrial Valves Market is estimated to grow at a CAGR of around 5.65% during the forecast period, i.e., 2024-30.
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Europe Industrial Valves Market Driver:
Energy Transition to Carbon Neutral Economy – The European Union’s target to reduce the overall carbon emission by about 55% to that of 1990 levels by 2030 has driven the countries across the region to shift to renewable energy and low carbon emitting technologies. Since then the region has witnessed huge investments in the evolution of the energy sector from conventional oil & gas, coal, etc., to hydropower, solar, wind, and hydrogen. Moreover, the implementation of Carbon Capture and Storage (CCUS) technology in the existing industrial and power-generating facilities has been pushing the demand for industrial valves in the region. Additionally, the national government’s encouragement to reduce carbon emissions majorly from electricity generation either captive or commercial is further fueling the demand for industrial valves in the market.
Leading Companies in Europe Industrial Valves Market:
Danfoss, Sirca, Emerson, Schlumberger Ltd., Flowserve, Pentair, Bohmer, AVK, Lesser GmbH, AKO Armaturen, and Klinger, Eaton, among others.
Europe Industrial Valves Market Segmentation:
By Type
-Globe Valve- Market Size & Forecast 2019-2030 in USD Million
-Ball Valve- Market Size & Forecast 2019-2030 in USD Million
-Butterfly Valve- Market Size & Forecast 2019-2030 in USD Million
-Gate Valve- Market Size & Forecast 2019-2030 in USD Million
-Plug Valve- Market Size & Forecast 2019-2030 in USD Million
-Others- Market Size & Forecast 2019-2030 in USD Million
By Product
-Quarter Turn Valve- Market Size & Forecast 2019-2030 in USD Million
-Multi-turn Valve- Market Size & Forecast 2019-2030 in USD Million
-Others- Market Size & Forecast 2019-2030 in USD Million
By Standards
-ASTM- Market Size & Forecast 2019-2030 in USD Million
-DIN EN- Market Size & Forecast 2019-2030 in USD Million
By Application
-Water & Wastewater Management
-Power
-Chemicals
-Oil & Gas
-Other Applications (includes Food Processing, Mining, and Marine)- Market Size & Forecast 2019-2030 in USD Million
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By Country
-The UK
-Germany
-France
-Italy
-Spain
-Benelux.
Key questions answered in the Europe Industrial Valves Market are:
•What is Europe Industrial Valves Market?
•What was the market size in 2023?
•What is the growth rate of the Europe Industrial Valves Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Europe Industrial Valves Market?
•What segments are covered in the Market?
•Who are the key players in the Europe Industrial Valves Market?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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