Saudi Arabia Industrial Valves Market
Saudi Arabia Industrial Valves Market - By Valve Type (Globe Valve, Ball Valve (Trunnion Mounted Ball Valves, Floating Ball Valves, Rising Stem Ball Valves), Check Valve, Butterfly Valve (Zero Offset Butterfly Valves, Double Offset Butterfly Valves, Triple Offset Butterfly Valves), Gate Valve (Standard Plate Gate Valves, Wedge Gate Valves, Knife Gate Valves), Others); By Material Type (Steel, Cast Iron, Alloy Based, Cryogenic, Others); By End User (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Chemicals, Food & Beverages, Pharmaceuticals & Healthcare, Building & Construction, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: January 2023
- Report ID: BWC22619
- Available Format: PDF
- Page: 240
Report Overview
Rapidly expanding pipeline transportation industry, as well as rising import and export activities of fluids such as chemicals, crude oil, refined petroleum products, fluidized solids, and others via pipelines could boost the growth of Saudi Arabia Industrial Valves Market at a robust growth rate during the forecast period between 2023 and 2029.
Saudi Arabia Industrial Valves Market - Industry Trends & Forecast Report, 2029
Saudi Arabia Industrial Valves Market is projected to grow at a CAGR of 6.10% during the forecast period between 2023 and 2029. Major driving factors of the market are the quickly increasing demand for technologically advanced buildings and smart facilities from the developing infrastructure industry. The number of smart cities is growing quickly across the nation, and the increase in demand from cities that are developing quickly for industrial setup is supporting the market's expansion over the next five years. One of the industries that makes the most use of industrial valves is oil and gas. Since the Kingdom of Saudi Arabia is one of the largest oil and gas suppliers, it needs industrial valves for the supply routes, which will propel the market for industrial valves in Saudi Arabia to grow during the forecast period.
Saudi Arabia Industrial Valves Market - Overview
A mechanical/electromechanical device used to control, regulate, and divert flow and pressure in fluids (liquids, gases, and slurries) by closing, opening or blocking fluid passage. Increasing industrialization increased construction activities, and strong government support in the form of favorable FDI policies in the oil and gas sector, as well as advantageous incentive schemes, are expected to drive the Saudi Arabia valves market during the forecast period.
Growth Drivers
Growth in industrial equipment performance
In industrial settings, valves are frequently used to regulate the flow of any fluid through a system. To ensure safe and effective operation, valves are used in industries to start, throttle, or stop the fluid flow. They have numerous applications in everyday mechanical devices, such as water and HVAC (heating, ventilation, and air conditioning) systems in workplaces and gasoline engines for vehicles. Pipelines, the oil and gas, marine, power, food and beverage, and pharmaceutical industries are just a few of the industries that use valves. Pipelines are among the most crucial systems for moving oil and gas from their sources to locations where they will be used or converted into finished products in a variety of industries, including oil and gas, refineries, and power generation. Therefore, the demand for valves for industrial applications is expected to increase steadily over the next few years due to all of these industrial applications for valves and the expected growth of such industries in Saudi Arabia.
Restraints
Concerns regarding unplanned downtime
Factors like a lack of uniform standards and regulations, a lack of product differentiation, a slowdown in the mining and oil & gas industries, and downtime. Over the forecast period, market growth is expected to be constrained across Saudi Arabia due to valve repair. Manufacturers of valves must abide by several standards and laws. Regarding valves, various regions have different certifications and regulations. Due to the wide range of industries where valves are used, including oil and gas, food and beverage, pharmaceuticals, energy and power, water and wastewater treatment, building and construction, chemicals, and pulp and paper, this factor leads to diversity in demand. However, this diversity is impeding the market for industrial valves from expanding.
Impact of COVID-19 on Saudi Arabia Industrial Valves Market
The pharmaceutical and healthcare sectors led the fight against COVID-19 due to the coronavirus's quick spread. The manufacturing of every important medical device needed to treat COVID patients increased. Several significant industry players seized the chance to combat the deadly coronavirus pandemic because industrial valves are crucial to the production of various types of medical devices. Emerson's valves, for instance, can control pressure relief, maintain cleanliness in sterilizers, in oxygen therapy devices to help high-risk patients or those recovering, and support blood analyzers and other essential hematology equipment.
Saudi Arabia Industrial Valves Market
Segmental Coverage
Saudi Arabia Industrial Valves Market - By Valve Type
Saudi Arabia industrial valves market is divided into Globe Valve, Ball Valve (Trunnion Mounted Ball Valves, Floating Ball Valves, Rising Stem Ball Valves), Check Valve, Butterfly Valve (Zero Offset Butterfly Valves, Double Offset Butterfly Valves, Triple Offset Butterfly Valves), Gate Valve (Standard Plate Gate Valves, Wedge Gate Valves, Knife Gate Valves), and other segments. As gate valves are widely suitable for all underground and above-ground installations, they accounted for the highest market share. The main advantages of these valves are that they are an energy-efficient option because they use less power when opening or closing. It is because the movement direction is perpendicular to the media flow direction. As a result, gate valves save both energy and time when compared to globe valves.
Saudi Arabia Industrial Valves Market - By Material Type
On basis of the material type, Saudi Arabia industrial valve market is divided into Steel, Cast Iron, Alloy Based, Cryogenic, and other segments. In 2022, steel industrial valves held the highest market share. Steel industrial valves are currently being driven by rising demand for high-quality industrial valves in the food and beverage, chemicals, pharmaceutical, and metals and mining industries to mitigate the threat of contamination, and a similar trend is expected to continue during the forecast period.
Saudi Arabia Industrial Valves Market – By End User
On basis of end user, Saudi Arabia industrial valve market is divided into Oil & Gas, Water & Wastewater Treatment, Energy & Power, Chemicals, Food & Beverages, Pharmaceuticals & Healthcare, Building & Construction, and other segments. Due to the expanding transportation industry, rising energy demand, and expanding drilling activities in the Gulf Cooperation Council (GCC) nations, the oil and gas industry held the highest share of the industrial valves market.
Competitive Landscape
Saudi Arabia industrial valves market is fiercely competitive, with AVK Saudi Valves Manufacturing Co. Ltd., Cameron Al-Rushaid Ltd., DARVICO, Emerson Electric Co., Flowserve Abahsain Flow Control Co. Ltd., Forum Energy Technologies, Inc., Pan Gulf Valves Manufacturing Co. Ltd., Saudi Pipes Systems Co, Shoaibi Group, and Yusuf Bin Ahmed Kanoo Group as prominent players. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.
Recent Developments
-
In February 2020 - Emerson Electric Co., a leading provider of automated and commercial & residential solutions to various industries, launched ASCO Series 158 Gas Valve and Series 159 Motorized Actuator for burner-boiler applications. The valve offers a flow rate that is twice that of other combustion valves on the market. The product launch is enabling the company to cater to more customers.
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 Million |
Market Coverage |
Saudi Arabia |
Product/ Service Segmentation |
Valve Type, Material Type, End User |
Key Players |
AVK Saudi Valves Manufacturing Co. Ltd., Cameron Al-Rushaid Ltd., DARVICO, Emerson Electric Co., Flowserve Abahsain Flow Control Co. Ltd., Forum Energy Technologies, Inc., Pan Gulf Valves Manufacturing Co. Ltd., Saudi Pipes Systems Co, Shoaibi Group, Yusuf Bin Ahmed Kanoo Group |
By Valve Type
-
Globe Valve
-
Ball Valve
-
Trunnion Mounted Ball Valves
-
Floating Ball Valves
-
Rising Stem Ball Valves
-
Check Valve
-
Butterfly Valve
-
Zero Offset Butterfly Valves
-
Double Offset Butterfly Valves
-
Triple Offset Butterfly Valves
-
Gate Valve
-
Standard Plate Gate Valves
-
Wedge Gate Valves
-
Knife Gate Valves
-
Others
By Material Type
-
Steel
-
Cast Iron
-
Alloy-based
-
Cryogenic
-
Others
By End User
-
Oil & Gas
-
Water & Wastewater Treatment
-
Energy & Power
-
Chemicals
-
Food & Beverages
-
Pharmaceuticals & Healthcare
-
Building & Construction
-
Others
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Saudi Arabia Industrial Valves Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Surging demand from pharmaceutical sector
- Rising need for connected networks to maintain and monitor industrial equipment
- Restraints
- Lack of standardized policies
- Opportunities
- Use of IoT and Industry 4.0 in industrial valves
- Growth in the industrial equipment performance
- Challenges
- Concerns regarding unplanned downtime
- Growth Drivers
- Technological Advancement/Recent Development
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Saudi Arabia Industrial Valves Market Overview
- Market Size & Forecast, 2019–2029
- By Value (USD Million)
- Market Share & Forecast
- By Valve Type
- Globe Valve
- Ball Valve
- Trunnion Mounted Ball Valves
- Floating Ball Valves
- Rising Stem Ball Valves
- Check Valve
- Butterfly Valve
- Zero Offset Butterfly Valves
- Double Offset Butterfly Valves
- Triple Offset Butterfly Valves
- Gate Valve
- Standard Plate Gate Valves
- Wedge Gate Valves
- Knife Gate Valves
- Others
- By Material Type
- Steel
- Cast Iron
- Alloy Based
- Cryogenic
- Others
- By End User
- Oil & Gas
- Water & Wastewater Treatment
- Energy & Power
- Chemicals
- Food & Beverages
- Pharmaceuticals & Healthcare
- Building & Construction
- Others
- By Valve Type
- Market Size & Forecast, 2019–2029
- Competitive Landscape
- List of Key Players and Their Range
- Saudi Arabia Industrial Valves Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Merger, Acquisition, Partnership, and others)
- Impact of Covid-19 on Saudi Arabia Industrial Valves Market Industry
- Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
- AVK Saudi Valves Manufacturing Co. Ltd.
- Cameron Al-Rushaid Ltd.
- DARVICO
- Emerson Electric Co.
- Flowserve Abahsain Flow Control Co. Ltd.
- Forum Energy Technologies, Inc.
- Pan Gulf Valves Manufacturing Co. Ltd.
- Saudi Pipes Systems Co
- Shoaibi Group
- Yusuf Bin Ahmed Kanoo Group.
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
List of Figures
Figure 1 Saudi Arabia Industrial Valves Market Segmentation
Figure 2 Saudi Arabia Industrial Valves Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Saudi Arabia Industrial Valves Market Size, By Value (USD Million), 2019–2029
Figure 5 Saudi Arabia Industrial Valves Market Share, By Valve Type, By Value, 2019–2029
Figure 6 Saudi Arabia Industrial Valves Market Share, By Material Type, By Value, 2019–2029
Figure 7 Saudi Arabia Industrial Valves Market Share, By End User, By Value, 2019–2029
List of Tables
Table 1 Saudi Arabia Industrial Valves Market Size, By Valve Type, By Value, 2019–2029
Table 2 Saudi Arabia Industrial Valves Market Size, By Material Type, By Value, 2019–2029
Table 3 Saudi Arabia Industrial Valves Market Size, By End User, By Value, 2019–2029
Table 4 AVK Saudi Valves Manufacturing Co. Ltd. Company Overview
Table 5 AVK Saudi Valves Manufacturing Co. Ltd. Financial Overview
Table 6 Cameron Al-Rushaid Ltd. Company Overview
Table 7 Cameron Al-Rushaid Ltd. Financial Overview
Table 8 DARVICO Company Overview
Table 9 DARVICO Financial Overview
Table 10 Emerson Electric Co. Company Overview
Table 11 Emerson Electric Co. Financial Overview
Table 12 Flowserve Abahsain Flow Control Co. Ltd. Company Overview
Table 13 Flowserve Abahsain Flow Control Co. Ltd. Financial Overview
Table 14 Forum Energy Technologies, Inc. Company Overview
Table 15 Forum Energy Technologies, Inc. Financial Overview
Table 16 Pan Gulf Valves Manufacturing Co. Ltd. Company Overview
Table 17 Pan Gulf Valves Manufacturing Co. Ltd. Financial Overview
Table 18 Saudi Pipes Systems Co Company Overview
Table 19 Saudi Pipes Systems Co Financial Overview
Table 20 Shoaibi Group Company Overview
Table 21 Shoaibi Group Financial Overview
Table 22 Yusuf Bin Ahmed Kanoo Group. Company Overview
Table 23 Yusuf Bin Ahmed Kanoo Group. Financial Overview
Market Segmentation
By Valve Type
-
Globe Valve
-
Ball Valve
-
Trunnion Mounted Ball Valves
-
Floating Ball Valves
-
Rising Stem Ball Valves
-
Check Valve
-
Butterfly Valve
-
Zero Offset Butterfly Valves
-
Double Offset Butterfly Valves
-
Triple Offset Butterfly Valves
-
Gate Valve
-
Standard Plate Gate Valves
-
Wedge Gate Valves
-
Knife Gate Valves
-
Others
By Material Type
-
Steel
-
Cast Iron
-
Alloy-based
-
Cryogenic
-
Others
By End User
-
Oil & Gas
-
Water & Wastewater Treatment
-
Energy & Power
-
Chemicals
-
Food & Beverages
-
Pharmaceuticals & Healthcare
-
Building & Construction
-
Others
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
Frequently Asked Questions (FAQs):
4. Which valve type segment accounts for the highest share in Saudi Arabia Industrial Valves Market?
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research Support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Custom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.