The industrial valve market is likely to witness rapid growth in the coming years due to the increased need for industrial valves from oil and gas production-related facilities in GCC countries, elevated energy demand in APAC, smart city development initiative across the world, high demand for predictive maintenance techniques from manufacturing industries, and stringent environmental and safety regulations to make the energy sector more resilient.

The industrial valve market for cryogenic valves will grow at the highest CAGR during the forecast period. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. The oil & gas, energy & power, and chemicals industries are likely to have high demand for cryogenic ball valves due to their ability for quarter turn on-off operation, minimal lubrication, and capability to provide tight sealing with low torque in cryogenic fluid handling applications.

As of 2017, key industry players, such as Metso (Finland) and Emerson Electric Company (US), have introduced IoT in their industrial valve products and services and are striving to push their adoption in the market. Major factors driving the growth of the valve market in APAC include increasing population and rising focus of emerging economies on investing in industries such as energy & power, oil & gas, water & wastewater treatment, chemicals, and construction in which industrial valves are used. Shelly SinghMarketsandMarkets™ INC. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments

.Market Check Valve Manufacturers need for industrial valves from oil and gas production-related facilities in GCC countriesElevated energy demand in APACSmart city development initiatives across the worldHigh demand for automation and predictive maintenance techniques from manufacturing industriesStringent environmental and safety regulations to make the energy sector more resilientRestraintsLack of standardized certifications and government policiesSlowdown in oil and gas extractionDowntime due to repair and maintenance