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Middle East And Africa Industrial Valves Market
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Middle East And Africa Industrial Valves Market

Home Energy And Power Middle East And Africa Industrial Valves Market

Middle East and Africa Industrial Valves Market, By Type (Ball Valves, Globe Valves, Plug Valves); By Material Type (Cast Iron, Steel, Cryogenic, Alloy-based); By Function (Control, Isolation, Check, Special); By End User (Oil & Gas, Chemicals & Petrochemicals); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: January 2024
  • Report ID: BWC24007
  • Available Format: PDF
  • Page: 200

Report Overview

The expanding oil & gas and chemicals industries driving the high demand for industrial valves are expected to propel the growth of the Middle East and Africa Industrial Valves Market during the forecast period between 2023 and 2029.

Middle East and Africa Industrial Valves Market - Industry Trends & Forecast Report, 2029

Middle East and Africa Industrial Valves Market size was estimated at USD 3.42 billion in 2022. During the forecast period between 2023 and 2029, the size of Middle East and Africa Industrial Valves Market is projected to grow at a CAGR of 4.33% reaching a value of USD 4.41 billion by 2029. Major growth drivers for the Middle East and Africa Industrial Valves Market include an increasing oil and gas industry, expanding manufacturing sectors, and a growing emphasis on infrastructure development. These market drivers are particularly prominent in the Middle East & Africa region, known for its abundant oil and gas reserves. The demand for industrial valves is further influenced by the need for precise flow control, reliability, and safety in various industrial processes. Notably, the increasing emphasis on local manufacturing and custom industrial valve design is increasing to meet unique regional needs. Local manufacturers providing customized valve solutions enhance competitiveness and create a distinctive market dynamic. The region is also shifting towards renewable energy sources like solar and wind, necessitating specific valves for fluid management in solar thermal power plants and wind farms. Some nations are diversifying their economies away from oil and gas, investing in petrochemicals, manufacturing, and renewable energy, thereby sustaining long-term demand for industrial valves. A focus on workforce development and education is creating a skilled labor pool crucial for the operation of industrial valves in diverse industries. Ongoing advancements in materials research, valve design, and production techniques contribute to high-performance valve development, supporting the long-term expansion of the industrial valve market in the MEA region. The growth of urban centers in the region is driving significant infrastructure upgrades, with water distribution networks, transportation systems, and buildings requiring industrial valves.

Middle East and Africa Industrial Valves Market

Industrial Valves – Overview

Industrial valves, whether mechanical or electromechanical components, play a crucial role in managing the movement of liquids, gases, slurries, and diverse substances within pipes and tubes across multiple industries. Various types of industrial valves serve functions, such as pressure control, shut-on/off operations, and adherence to regulatory requirements. Industrial valves exhibit a range of sizes and configurations, facilitating the regulation, control, and activation/deactivation of processes. Furthermore, in high-risk environments like nuclear power plants, oil & gas fields, and chemical processing, industrial valves endowed with advanced levels of automation and control demonstrate enhanced operational efficiency. The integration of automation technologies has contributed to a reduction in liquid waste passing through pipelines and valves, leading to cost savings.

Middle East and Africa Industrial Valves Market

Growth Drivers

Expanding Oil & Gas Sector Spurring Demand for Industrial Valves

The demand for industrial valves is driven by the growth and expansion of the region’s key industries, such as oil & gas, chemicals & petrochemicals, energy & power, water & wastewater treatment, and manufacturing. As these sectors expand their operations, the need for valves to control various process parameters, regulate fluid flow, and ensure efficient and secure operations increases. Valves play a crucial role in initiating, halting, and adjusting fluid flow, as well as maintaining optimal pressure and temperature levels while preventing backflow or leakage. The increasing demand for industrial valves is linked to the development of infrastructure and the expansion of industrial activities within these sectors, supporting their operational growth.

Restraints

High Cost and Need for Regular Maintenance

In budget-constrained projects or industries, the costs of industrial valves, including installation, maintenance, and repairs, pose significant challenges. Upfront expenses, particularly for larger or specialized designs, can strain budgets. Regular maintenance and sporadic repairs are crucial for optimal valve performance, often requiring downtime. The downtime, prevalent in sectors with continuous processes, hampers operational efficiency and disrupts production. Striking a balance between cost-effectiveness and uninterrupted operations becomes a major challenge, as the financial constraints associated with valve maintenance and repair expenses compound the difficulties. Managing these costs is essential for industries aiming to maintain operational efficiency within tight budgetary constraints.

Impact of Escalating Geopolitical Tensions on Middle East and Africa Industrial Valves Market

The Middle East and Africa Industrial Valves Market has been significantly impacted by intensifying geopolitical disruptions in recent times. For instance, the ongoing Israel-Hamas and Russia-Ukraine wars have disrupted the supply chains and cause price fluctuations in commodities, particularly in the oil and gas sector. These fluctuations can, in turn, influence the costs of raw materials essential for valve production, potentially affecting the pricing dynamics of industrial valves on a global scale. In addition, the sanctions imposed on Russia by the United States and other countries can limit the movement of raw materials, leading to potential shortages. Beyond the war zones and disputed areas, the ongoing crisis jeopardizes a talent pool necessary for advancing technology and innovations in the industrial valves, hindering the market's overall growth and development.

Despite the current challenges posed by geopolitical tensions, there are potential growth opportunities for the Middle East and Africa Industrial Valves Market. Focusing on strategic planning, collaboration, and foreign investment is essential for unlocking transformative potential. This proactive approach positions the market to play a pivotal role in enhancing fluid and gas flow management, safety measures, and regulatory compliance across sectors such as oil and gas, water treatment, and manufacturing. As a result, Middle East and Africa Industrial Valves Market can seize these growth opportunities and play a pivotal role in bolstering regional infrastructure resilience and sustainability.

Middle East and Africa Industrial Valves Market

Segmental Coverage

Middle East and Africa Industrial Valves Market – By Type

By type, the Middle East and Africa Industrial Valves Market is divided into Ball Valves, Globe Valves, and Plug Valves segments. The ball valves segment holds the highest share in the Middle East and Africa Industrial Valves Market by type. It is prominently driven by the increasing prevalence of ball valves. Recognized for their reliability and durability, ball valves excel in challenging environments typical of industries in the region. Their resilience to harsh conditions, high temperatures, and corrosive substances makes them a preferred choice. Ball valves find versatile applications in oil and gas production, petrochemicals, water treatment, and manufacturing, contributing to their success across diverse sectors in Middle East & Africa. Their corrosion resistance, especially when crafted from materials like stainless steel, meets the demands of industrial processes in the region. The ongoing investments in water and wastewater treatment facilities, along with infrastructure development, particularly in transportation, pipelines, and power generation, underscore the pivotal role of ball valves in the region's growth.

Middle East and Africa Industrial Valves Market – By Material Type

By material type, the Middle East and Africa Industrial Valves Market is divided into Cast Iron, Steel, Cryogenic, and Alloy-based segments. The steel segment holds the highest share in the Middle East and Africa Industrial Valves Market by material type. It can be attributed to steel's inherent strength, durability, and corrosion resistance. Steel valves exhibit exceptional performance in industries operating in challenging environments, prevalent in the Middle East and Africa region. Their robust construction ensures longevity and reliability, making them ideal for applications in oil and gas, water treatment, and various manufacturing processes. Steel's ability to withstand harsh conditions and corrosive substances contributes significantly to its leading position in the material type segment of the industrial valves market in the Middle East and Africa.

Middle East and Africa Industrial Valves Market – By Function

By function, the Middle East and Africa Industrial Valves Market is divided into Control, Isolation, Check, and Special segments.

Middle East and Africa Industrial Valves Market – By End User

By end user, the Middle East and Africa Industrial Valves Market is bifurcated into Oil & Gas and Chemicals & Petrochemical segments. The oil & gas segment holds the highest share in the Middle East and Africa Industrial Valves Market by end user. The Middle East & Africa relies significantly on the oil and gas industry, a major application for industrial valves. Renowned for its abundant oil and natural gas deposits, the region plays a vital role as a global supplier of energy resources. The oil and gas sector's integrated activities, spanning exploration to distribution, demand precise fluid and gas flow management, safety measures, and regulatory compliance. Industrial valves are indispensable in ensuring the effectiveness and consistency of these processes. With energy security a top priority, the region depends on a robust infrastructure, strategic storage, and transportation networks, all underpinned by industrial valves for reliability in supporting economic stability and global influence.

Middle East and Africa Industrial Valves Market Share

Middle East and Africa Industrial Valves Market – By Country

Geographically, the Middle East and Africa Industrial Valves Market is segmented as Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. Saudi Arabia holds the highest share in the Middle East and Africa Industrial Valves Market. The primary drivers of this dominance include a surge in industrial activities and the proliferation of manufacturing plants in sectors such as oil and gas, chemicals, and water. This surge contributes to a rising demand for industrial valves capable of effectively managing high-pressure conditions. The country's continued growth in these sectors positions it as a key player in the market, reinforcing its dominance over the forecasted period. Meanwhile, South Africa region is expected to witness the fastest growth rate during the forecast period. South Africa's robust manufacturing sector, encompassing industrial valves, plays a pivotal role across various industries such as oil and gas, water treatment, electricity production, chemicals, and mining. The mining sector, integral to the country, relies heavily on valves that are corrosion and abrasion resistant. The construction boom in utilities, roads, and bridges amplifies the demand for industrial valves, while addressing water scarcity fuels investment in water distribution infrastructure, subsequently increasing the need for valves in the water industry. South Africa's industrial valve industry is adapting to export opportunities, emphasizing custom valve production tailored to specific industry demands. Specialized valves, designed for challenging environments like mining and petrochemicals, ensure resilience in the South Africa.

Competitive Landscape

Major players operating in the Middle East and Africa Industrial Valves Market include Velan Inc., Crane Co., Circor International Inc, Flowserve Corp, Emerson Electric Co, KITZ Corporation, Schlumberger Ltd, Weir Group PLC, Johnson Controls, and AVK Holding A/S. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In March 2023 - DynaCERT Inc. and Cipher Neutron Inc. signed a Memorandum of Understanding (MoU) with Safe Energy General Trading LLC, UAE, and Astec Valves and Fittings Private Ltd, India, to promote state-of-the-art Hydrogen technology, including AEM Electrolyser technology, in India, Europe, and Middle East. The MoU outlines mutual objectives, including trade promotion, exploring Engineering, Procurement and Construction (EPC) of green hydrogen projects, and potential distribution of products in the specified regions.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Billion

Market Coverage

Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA

Product/ Service Segmentation

Type, Material Type, Function, End User, Country

Key Players

Velan Inc., Crane Co., Circor International Inc, Flowserve Corp, Emerson Electric Co, KITZ Corporation, Schlumberger Ltd, Weir Group PLC, Johnson Controls, AVK Holding A/S.

 

By Type

  • Ball Valves

  • Globe Valves

  • Plug Valves

By Material Type

  • Cast Iron

  • Steel

  • Cryogenic

  • Alloy-based

By Function

  • Control

  • Isolation

  • Check

  • Special

By End User

  • Oil & Gas

  • Chemicals & Petrochemical

By Country

  • Saudi Arabia

  • UAE

  • Qatar

  • Kuwait

  • South Africa

  • Nigeria

  • Algeria

  • Rest of MEA

  1. Research Framework
    1. Research Objective
    2. Material Type Overview
    3. Market Segmentation
  2. Executive Summary
  3.  Middle East and Africa Industrial Valves Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Growth Drivers
        1. Growing chemical industry
        2. Expanding oil and gas industry
      3. Restraints
        1. High cost and need for regular maintenance
        2. Mining industry slowdown in South Africa
      4. Opportunities
        1. Increasing foreign investment
        2. Rising Preference for Large Valves
      5.  Challenges
        1. Technological obsolescence
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4.  Middle East and Africa Industrial Valves Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share and Forecast
      1. By Type
        1. Ball Valves
        2. Globe Valves
        3. Plug Valves
        4. Others
      2. By Material Type
        1. Cast Iron
        2.  Steel
        3. Cryogenic
        4. Alloy-based
        5. Others
      3. By Function
        1. Control
        2. Isolation
        3. Check
        4. Special
      4.  By End User
        1. Oil & Gas
        2. Chemicals & Petrochemical
        3. Others
      5. By Country
        1. Saudi Arabia
        2. UAE
        3. Qatar
        4. Kuwait
        5. South Africa
        6. Nigeria
        7. Algeria
        8. Rest of MEA
  5. Saudi Arabia Industrial Valves Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Material Type
      3. By Function
      4. By End User
  6. UAE Industrial Valves Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Material Type
      3. By Function
      4. By End User
  7. Qatar Industrial Valves Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Material Type
      3. By Function
      4. By End User
  8. Kuwait Industrial Valves Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Material Type
      3. By Function
      4. By End User
  9. South Africa Industrial Valves Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Type
      2. By Material Type
      3. By Function
      4. By End User
  10. Nigeria Industrial Valves Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Material Type
      3. By Function
      4. By End User
  11. Algeria Industrial Valves Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Material Type
      3. By Function
      4. By End User
  12. Rest of MEA Industrial Valves Market
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Material Type
      3. By Function
      4. By End User
  13. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Middle East and Africa Industrial Valves Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  14. Impact of Covid-19 on Middle East and Africa Industrial Valves Market
  15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Velan Inc.
    2.  Crane Co.
    3. Circor International Inc
    4.  Flowserve Corp
    5. Emerson Electric Co
    6.  KITZ Corporation
    7. Schlumberger Ltd
    8.  Weir Group PLC
    9. Johnson Controls
    10. AVK Holding A/S
    11. Other Prominent Players
  16. Key Strategic Recommendations
  17. Research Methodology
    1.  Qualitative Research
      1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

Figures

 

Figure 1       Middle East & Africa Industrial Valves Market Size, By Value (USD Billion), 2019–2029

Figure 2       Middle East & Africa Industrial Valves Market Share, By Type, By Value, 2019–2029

Figure 3       Middle East & Africa Industrial Valves Market Share, By Material Type, By Value, 2019–2029

Figure 4       Middle East & Africa Industrial Valves Market Share, By Function, By Value, 2019–2029

Figure 5       Middle East & Africa Industrial Valves Market Share, By End User, By Value, 2019–2029

Figure 6       Middle East & Africa Industrial Valves Market Share, By Country, By Value, 2019–2029

Figure 7       Saudi Arabia Industrial Valves Market Size, By Value (USD Billion), 2019–2029

Figure 8       Saudi Arabia Industrial Valves Market Share, By Type, By Value, 2019–2029

Figure 9       Saudi Arabia Industrial Valves Market Share, By Material Type, By Value, 2019–2029

Figure 10     Saudi Arabia Industrial Valves Market Share, By Function, By Value, 2019–2029

Figure 11     Saudi Arabia Industrial Valves Market Share, By End User, By Value, 2019–2029

Figure 12     UAE Industrial Valves Market Size, By Value (USD Million), 2019–2029

Figure 13     UAE Industrial Valves Market Share, By Type, By Value, 2019–2029

Figure 14     UAE Industrial Valves Market Share, By Material Type, By Value, 2019–2029

Figure 15     UAE Industrial Valves Market Share, By Function, By Value, 2019–2029

Figure 16     UAE Industrial Valves Market Share, By End User, By Value, 2019–2029

Figure 17     Qatar Industrial Valves Market Size, By Value (USD Million), 2019–2029

Figure 18     Qatar Industrial Valves Market Share, By Type, By Value, 2019–2029

Figure 19     Qatar Industrial Valves Market Share, By Material Type, By Value, 2019–2029

Figure 20     Qatar Industrial Valves Market Share, By Function, By Value, 2019–2029

Figure 21     Qatar Industrial Valves Market Share, By End User, By Value, 2019–2029

Figure 22     Kuwait Industrial Valves Market Size, By Value (USD Million), 2019–2029

Figure 23     Kuwait Industrial Valves Market Share, By Type, By Value, 2019–2029

Figure 24     Kuwait Industrial Valves Market Share, By Material Type, By Value, 2019–2029

Figure 25     Kuwait Industrial Valves Market Share, By Function, By Value, 2019–2029

Figure 26     Kuwait Industrial Valves Market Share, By End User, By Value, 2019–2029

Figure 27     South Africa Industrial Valves Market Size, By Value (USD Million), 2019–2029

Figure 28     South Africa Industrial Valves Market Share, By Type, By Value, 2019–2029

Figure 29     South Africa Industrial Valves Market Share, By Material Type, By Value, 2019–2029

Figure 30     South Africa Industrial Valves Market Share, By Function, By Value, 2019–2029

Figure 31     South Africa Industrial Valves Market Share, By End User, By Value, 2019–2029

Figure 32     Nigeria Industrial Valves Market Size, By Value (USD Million), 2019–2029

Figure 33     Nigeria Industrial Valves Market Share, By Type, By Value, 2019–2029

Figure 34     Nigeria Industrial Valves Market Share, By Material Type, By Value, 2019–2029

Figure 35     Nigeria Industrial Valves Market Share, By Function, By Value, 2019–2029

Figure 36     Nigeria Industrial Valves Market Share, By End User, By Value, 2019–2029

Figure 37     Algeria Industrial Valves Market Size, By Value (USD Million), 2019–2029

Figure 38     Algeria Industrial Valves Market Share, By Type, By Value, 2019–2029

Figure 39     Algeria Industrial Valves Market Share, By Material Type, By Value, 2019–2029

Figure 40     Algeria Industrial Valves Market Share, By Function, By Value, 2019–2029

Figure 41     Algeria Industrial Valves Market Share, By End User, By Value, 2019–2029

Figure 42     Rest of MEA Industrial Valves Market Size, By Value (USD Million), 2019–2029

Figure 43     Rest of MEA Industrial Valves Market Share, By Type, By Value, 2019–2029

Figure 44     Rest of MEA Industrial Valves Market Share, By Material Type, By Value, 2019–2029

Figure 45     Rest of MEA Industrial Valves Market Share, By Function, By Value, 2019–2029

Figure 46     Rest of MEA Industrial Valves Market Share, By End User, By Value, 2019–2029

 

List of Tables

 

Table 1   Middle East & Africa Industrial Valves Market Size, By Value (USD Billion), 2019–2029                            

Table 2   Middle East & Africa Industrial Valves Market Size, By Type, By Value, 2019–2029                       

Table 3   Middle East & Africa Industrial Valves Market Size, By Material Type, By Value, 2019–2029                    

Table 4        Middle East & Africa Industrial Valves Market Size, By Function, By Value, 2019–2029                    

Table 5   Middle East & Africa Industrial Valves Market Size, By End User, By Value, 2019–2029                            

Table 6        Middle East & Africa Industrial Valves Market Size, By Country, By Value, 2019–2029                    

Table 7        Saudi Arabia Industrial Valves Market Size, By Value (USD Billion), 2019–2029                       

Table 8   Saudi Arabia Industrial Valves Market Size, By Type, By Value, 2019–2029                           

Table 9    Saudi Arabia Industrial Valves Market Size, By Material Type, By Value, 2019–2029                            

Table 10      Saudi Arabia Industrial Valves Market Size, By Function, By Value, 2019–2029                        

Table 11      Saudi Arabia Industrial Valves Market Size, By End User, By Value, 2019–2029                       

Table 12      UAE Industrial Valves Market Size, By Value (USD Million), 2019–2029                    

Table 13      UAE Industrial Valves Market Size, By Type, By Value, 2019–2029                           

Table 14      UAE Industrial Valves Market Size, By Material Type, By Value, 2019–2029                      

Table 15      UAE Industrial Valves Market Size, By Function, By Value, 2019–2029                     

Table 16      UAE Industrial Valves Market Size, By End User, By Value, 2019–2029                     

Table 17      Qatar Industrial Valves Market Size, By Value (USD Million), 2019–2029                          

Table 18      Qatar Industrial Valves Market Size, By Type, By Value, 2019–2029                        

Table 19      Qatar Industrial Valves Market Size, By Material Type, By Value, 2019–2029                    

Table 20      Qatar Industrial Valves Market Size, By Function, By Value, 2019–2029                    

Table 21      Qatar Industrial Valves Market Size, By End User, By Value, 2019–2029                          

Table 22      Kuwait Industrial Valves Market Size, By Value (USD Million), 2019–2029                        

Table 23      Kuwait Industrial Valves Market Size, By Type, By Value, 2019–2029                       

Table 24      Kuwait Industrial Valves Market Size, By Material Type, By Value, 2019–2029                   

Table 25      Kuwait Industrial Valves Market Size, By Function, By Value, 2019–2029                         

Table 26      Kuwait Industrial Valves Market Size, By End User, By Value, 2019–2029                         

Table 27      South Africa Industrial Valves Market Size, By Value (USD Million), 2019–2029                       

Table 28      South Africa Industrial Valves Market Size, By Type, By Value, 2019–2029                       

Table 29      South Africa Industrial Valves Market Size, By Material Type, By Value, 2019–2029                            

Table 30      South Africa Industrial Valves Market Size, By Function, By Value, 2019–2029                        

Table 31      South Africa Industrial Valves Market Size, By End User, By Value, 2019–2029                        

Table 32      Nigeria Industrial Valves Market Size, By Value (USD Million), 2019–2029                        

Table 33      Nigeria Industrial Valves Market Size, By Type, By Value, 2019–2029                      

Table 34      Nigeria Industrial Valves Market Size, By Material Type, By Value, 2019–2029                   

Table 35      Nigeria Industrial Valves Market Size, By Function, By Value, 2019–2029                         

Table 36      Nigeria Industrial Valves Market Size, By End User, By Value, 2019–2029                        

Table 37      Algeria Industrial Valves Market Size, By Value (USD Million), 2019–2029                        

Table 38      Algeria Industrial Valves Market Size, By Type, By Value, 2019–2029                       

Table 39      Algeria Industrial Valves Market Size, By Material Type, By Value, 2019–2029                   

Table 40      Algeria Industrial Valves Market Size, By Function, By Value, 2019–2029                         

Table 41      Algeria Industrial Valves Market Size, By End User, By Value, 2019–2029                        

Table 42      Rest of MEA Industrial Valves Market Size, By Value (USD Million), 2019–2029                        

Table 43      Rest of MEA Industrial Valves Market Size, By Type, By Value, 2019–2029                       

Table 44      Rest of MEA Industrial Valves Market Size, By Material Type, By Value, 2019–2029                            

Table 45      Rest of MEA Industrial Valves Market Size, By Function, By Value, 2019–2029                   

Table 46      Rest of MEA Industrial Valves Market Size, By End User, By Value, 2019–2029                        

Table 47      Velan Inc. Company Overview

Table 48      Velan Inc. Financial Overview

Table 49      Crane Co. Company Overview

Table 50      Crane Co. Financial Overview

Table 51      Circor International Inc Company Overview

Table 52      Circor International Inc Financial Overview

Table 53      Flowserve Corp Company Overview

Table 54      Flowserve Corp Financial Overview

Table 55      Emerson Electric Co Company Overview

Table 56      Emerson Electric Co Financial Overview

Table 57      KITZ Corporation Company Overview

Table 58      KITZ Corporation Financial Overview

Table 59      Schlumberger Ltd Company Overview

Table 60      Schlumberger Ltd Financial Overview

Table 61      Weir Group PLC Company Overview

Table 62      Weir Group PLC Financial Overview

Table 63      Johnson Controls Company Overview

Table 64      Johnson Controls Financial Overview

Table 65      AVK Holding A/S Company Overview

Table 66      AVK Holding A/S Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: Middle East and Africa Industrial Valves Market size was estimated at USD 3.42 billion in 2022.
Ans: Middle East and Africa Industrial Valves Market size is expected to grow at a CAGR of 4.33% during the forecast period between 2023 and 2029.
Ans: Middle East and Africa Industrial Valves Market size is expected to reach a value of USD 4.41 billion by 2029.
Ans: Major factors driving the growth of the Middle East and Africa Industrial Valves Market include the growing chemical industry and expanding oil and gas industry.
Ans: Saudi Arabia holds the highest market share in the Middle East and Africa Industrial Valves Market.
Ans: The oil & gas segment accounts for a higher market share in the Middle East and Africa Industrial Valves Market by End User.
Ans: The steel segment holds the highest market share in the Middle East and Africa Industrial Valves Market by material type.
Ans: Key players in the Middle East and Africa Industrial Valves Market include Velan Inc., Crane Co., Circor International Inc, Flowserve Corp, Emerson Electric Co, KITZ Corporation, Schlumberger Ltd, Weir Group PLC, Johnson Controls, and AVK Holding A/S.