Industry Landscape
Mexico Industrial Valve market was valued at USD 7269.94 million in 2023 and is expected to reach USD 9873.13 million by the year 2030, at a CAGR of 3.9% over the forecast period 2022- 2028
Mexico's Industrial Valve market has grown steadily and has played an important role in supporting the country's industries. Mexico Industrial Valves are mechanical devices used to control and regulate the flow of liquids, gases, and other materials in a variety of industries, including oil and gas, power generation, water and wastewater treatment, chemicals, and manufacturing.
Market growth has been fueled by increasing industrialization, infrastructure development, and the expanding energy and oil and gas sectors in Mexico, among others. The demand for Mexico Industrial Valves has also been influenced by the country's strategic geographical location and trade agreements, which are important for the effective management of resource transportation and handling.
Major international and local players have actively participated in the Mexican Mexico Industrial Valve market, offering a wide range of valve types for the needs of various industries. In addition, traction technology advances such as the integration of smart and automated valves have helped industries optimize processes and improve operational efficiency.
Major Industry Participants in the Mexico Industrial Valve Market
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- Conval Sa de Cv (Mexico)
- Valvtronic S.A. de C.V. (Mexico)
- Válvulas Worcester de México S.A. de C.V. (Mexico)
- Tyco Flow Control Mexico S de RL de CV (Mexico)
- Válvulas Mafrodi S.A. de C.V. (Mexico)
- Válvulas Apolo S.A. de C.V. (Mexico)
- Hiter Valve Control S.A. de C.V. (Mexico)
- Metalmatrix International S.A. de C.V. (Mexico)
- Válvulas Tylsa S.A. de C.V. (Mexico)
Market Dynamics and Contributing Factors
Mexico's participation in trade agreements, particularly NAFTA and its successor USMCA has increased the demand for Mexico Industrial Valves. These trade agreements opened access to international markets and gave Mexican industry better opportunities to export its products, including Mexico Industrial Valves, to the United States and Canada. Thanks to the reduction of trade barriers and favorable trade conditions, Mexican valve manufacturers were able to expand their market area and take advantage of the large consumer base in their neighbouring countries.
When the USMCA went into effect in July 2020, various aspects of NAFTA were reformed and updated. The revised agreement included new trade and investment provisions that created a more stable and predictable business environment. This increased certainty encouraged companies to make long-term investments and partnerships that increased the demand for Mexico Industrial Valves to support Mexico's growing industries.
The integration of smart and automated valves is a significant technological advance that will bring transformative benefits to various industries. With advanced sensing, communication and control capabilities, smart valves enable efficiency and streamlining of industrial optimization. These valves can automatically adjust flow rates, pressures and other parameters based on real-time data, ensuring accurate and reliable control of fluid systems.
Key Insights in the Mexico Industrial Valve Market Report
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- By Type, the ball valve segment is expected to have the maximum market share in Mexico's Industrial Valve during the projected period. Ball valves dominate the market primarily due to their versatility, reliability, and ease of operation across various industries.
- By Material, the Durability segment is anticipated to dominate the Mexico Industrial Valve market over the forecast year. withstand high pressure and temperatures, making it suitable for demanding applications in oil & gas, chemical processing, and power generation.
- By Country, Mexico is expected to dominate the Mexico Industrial Valve market, during the projected period. Located in Nuevo León, Mexico, the Mexico Industrial Valve market is an important part of the state's industrial landscape. Nuevo León is one of the most economically developed states of Mexico and is known for its various industrial sectors such as manufacturing, steel, automotive, aerospace, and energy.
Significant Industry Development
In June 2023, Paladin Systems announced the readiness to dispatch the initial shipment of hydraulic spring return actuators for the Hocki Project in Mexico. The actuators, specifically the HYS-8-12-SRC6F-HW model, are equipped with a handwheel, enabling manual operations when needed.
In April 2022, ITT Inc. successfully acquired privately held Habonim for $140 million in an all-cash transaction. As part of ITT's Industrial Process (IP) segment, Habonim contributes to ITT's portfolio and industrial growth. The transaction was completed in the second quarter of 2022, and ITT estimates that the purchase will have a positive impact on the group's EBITDA percentage in the future.
Mexico Industrial Valve Market Segmentation
By Type
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- Ball
- Globe
- Gate
- Butterfly
- Plug
- Check
By Material
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- Steel
- Brass
- Bronze
- Cast Iron
- Plastic
By Size
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- < 1”
- 1”–6”
- 6”–25”
- 25”–50”
- 50”
By Application
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- Oil & Gas
- Power
- Energy
- Chemical
- Water & Waste Treatment
By Function
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- On/Off
- Control
- Isolation
- Special Purpose
For this report, Pristine intelligence Research has segmented the Mexico Industrial Valve Market based on region.
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
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- The U.S.
- Canada
- Mexico
Eastern Europe
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- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
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- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
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- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
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- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
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- Brazil
- Argentina
- Rest of SA
