Europe Industrial Valves Market is Expected CAGR of 5.65%

According to the recently published research report by MarkNtel Advisors, the Europe Industrial Valves Market is estimated to grow at a CAGR of around 5.65% during the forecast period, i.e., 2024-30. The existence of significant industries, such as automotive, chemicals, pharmaceuticals, personal care, heavy machinery, etc., has contributed to the market growth substantially. Moreover, valves are essential instruments that need to be incorporated into any manufacturing facility where the flow of any fluid or gas would take place.

Additionally, valves are also seen as safety tools in case of releasing extra pressure from a pipeline, tank, and others. Hence, the incessant development in the industrial segment of Europe would enhance the mandate for industrial valves too. Further, the research report states that the energy transition to a carbon-neutral economy is likely to drive the Industrial Valves Market in Europe. Moreover, a concentrated focus on building a hydrogen economy is also supposed to open new growth prospects for the market.

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When it comes to the prominent market players in the Europe Industrial Valves Market, Danfoss, Sirca, Emerson, Schlumberger Ltd., Flowserve, Pentair, Bohmer, AVK, Lesser GmbH, AKO Armaturen, Klinger, Eaton, among others are the major ones. These companies are constantly implementing measures and strategies to retain their robust position in the market and expand their consumer base.

Examining the Segmentation of the Europe Industrial Valves Market

• By Type (Globe Valve, Ball Valve, Butterfly Valve, Gate Valve, Plug Valve, and Others)
• By Product (Quarter Turn Valve, Multi-turn Valve, and Others)
• By Standards (ASTM and DIN EN)
• By Application (Water & Wastewater Management, Power, Chemicals, Oil & Gas, and Other Applications (includes Food Processing, Mining, and Marine))
• By Country (The UK, Germany, France, Italy, Spain, Benelux, and Rest of Europe)

Water & Wastewater Management ruled the Europe Industrial Valves Market in the historical years. The emphasis of the European countries to treat water & wastewater is among the prominent factors fueling the growth of the segment in the market. A burgeoning demand for industrial valves was created since countries, including Austria, Germany, Luxembourg, and the Netherlands treated approximately 100% of urban wastewater in defiance of the EU Wastewater Treatment Directive, while about 10 other countries have met more than 90% compliance rate. Besides, countries like Ireland, Bulgaria, Romania, Croatia, and Malta have less than half of their urban areas, in compliance with the listed criteria, thus signifying a prospective demand for industrial valves.

Germany retained a prominent share of the market over the past few years. Germany is counted among the top economically developed countries in Europe with a robust annual GDP. The country is also among the leading industrialized nations in Europe with the industrial segment retaining a substantial share of the GDP. Due to this, the country has a massive existence of industries like manufacturing, chemicals, pharmaceuticals, food & beverages, and automotive, which comprehensively depend on industrial valves for numerous tasks. Moreover, Germany’s widespread wastewater management system, involving treatment plants, sewage systems, and rainwater harvesting, has generated a robust demand for industrial valves.

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