Global Valves In Mining Market 2024-2028
The valves in mining market is forecasted to grow by USD 1.52 bn during 2023-2028, accelerating at a CAGR of 4.23% during the forecast period. The report on the valves in mining market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in smart mining industry, technological advancements in valve materials, and growing demand for cobalt owing to increasing adoption of electric vehicles.
Technavio's valves in mining market is segmented as below:
By Type
- Multi-turn valves
- Quarter turn valves
- Control valves
By Application
- Mineral fuels
- Iron and ferro-alloys
- Non-ferrous metals
- Precious metals
- Industrial minerals
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the rise in deep sea mining as one of the prime reasons driving the valves in mining market growth during the next few years. Also, the growing application of simulation software and rising adoption of valve condition monitoring will lead to sizable demand in the market.
The report on the valves in the mining market covers the following areas:
- Valves in mining market sizing
- Valves in mining market forecast
- Valves in mining market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading valves in mining market vendors that include Alfa Laval AB, AVK Holding AS, Bray International Inc., Crane Holdings Co., Curtiss Wright Corp., Dembla Valves Ltd., Emerson Electric Co., Flowserve Corp., General Electric Co., Hawa Valves and Tubes Pvt. Ltd., Hobbs Valve Ltd., Honeywell International Inc., ITT Inc., KITZ Corp., Larsen and Toubro Ltd., RF Valves Inc., Schlumberger Ltd., The Weir Group Plc, Velan Inc., and Pentair Plc. Also, the valves in mining market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.