NEW YORK, June 25, 2021 /PRNewswire/ — The MEA (Middle East and Africa) region is expected to lead the industrial valve market size in the oil and gas industry with 37% of the market’s growth during 2020-2024. Saudi Arabia and Iran (Islamic Republic of Iran) are the key market for industrial valves market size in the oil and gas industry in MEA and are expected to offer several growth opportunities to market vendors during the forecast period, says Technavio, a leading market research company.
Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment.
Download a Free Sample Report
Technavio’s report on «Industrial Valves Market in Oil and Gas Industry Market by Product and Geography – Forecast and Analysis 2020-2024» reveals that the market has the potential to reach USD 4.20 billion, progressing at a CAGR of almost 5%.
Leading Regions Analysis of Industrial Valves Market in Oil and Gas Industry during 2020-2024:
Technavio identifies North America as the second-highest country, where the industrial valve market size in the oil and gas industry will have the potential to reach USD 5.16 billion by 2024. The increase in E&P of crude oil and gas resources will contribute to a rise in the use of industrial valves in North America during the forecast period.
Europe will be the third-highest country, where the industrial valve market size in the oil and gas industry will have the potential to reach USD 3.9 billion by 2024. The adoption of renewable energy sources for power and as a fuel in automotive vehicles will increase the demand for the industrial valve during the forecast period.
Enquire to know more about the global trends impacting the future of the market.
Industrial Valves Market in the Oil & Gas Equipment & Services Industry during 2020-2024: Vendor Analysis and Scope
To help businesses improve their market position, the industrial valve market size in the oil and gas industry report provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include AVK Holding AS, Badger Meter Inc., Emerson Electric Co., Flowserve Corp., ITT Inc., Parker Hannifin Corp., Schlumberger Ltd., SMC Corp., The Dixon Group Inc., and The Weir Group Plc.
The report also covers the following areas:
- Industrial Valves Market in Oil and Gas Industry size
- Industrial Valves Market in Oil and Gas Industry trends
- Industrial Valves Market in Oil and Gas Industry industry analysis
Key Topics Covered
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by Product
- Market Segmentation by Geography
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
Related Report on Energy Include:
Global Offshore Oil and Gas Seismic Equipment and Acquisitions Market– The offshore oil and gas seismic equipment and acquisitions market is segmented by technology (3D seismic survey, 2D seismic survey, and 4D seismic survey) and geography (Europe, APAC, MEA, South America, and North America).
Download Free Sample Report
Global Oil and Gas Fishing Market– The oil and gas fishing market is segmented by application (onshore and offshore) and geography (APAC, Europe, MEA, North America, and South America).
Download Free Sample Report
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Report Page: https://www.technavio.com/report/industrial-valves-market-in-oil-and-gas-industry-market-industry-analysis
View original content to download multimedia:http://www.prnewswire.com/news-releases/mea-will-lead-the-industrial-valves-market-in-the-oil–gas-equipment–services-industrytechnavio-301320265.html