Market Overview:

Saudi Arabia Industrial Valve Market Size Was Valued at USD 2.6 Billion in 2022 and is Projected to Reach USD 4.3 Billion by 2030, Growing at a CAGR of 6.5% From 2023-2030.

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.

Top Key Players Covered in The Saudi Arabia Industrial Valve Market:

• • AVK Saudi Valves Manufacturing Co. Ltd. (Saudi Arabia)
  • Cameron Al-Rushaid Ltd. (Saudi Arabia)
  • DARVICO (Saudi Arabia)
  • Emerson Electric Co. (USA)
  • Flowserve Abahsain Flow Control Co. Ltd. (USA)
  • Forum Energy Technologies, Inc. (USA)
  • Pan Gulf Valves Manufacturing Co. Ltd. (USA)
  • Saudi Pipes Systems Co (Saudi Arabia)
  • Shoaibi Group (Saudi Arabia)
  • Yusuf Bin Ahmed Kanoo Group (Bahrain), and Other Major Players

Market Dynamics and Factors:

The Industrial Valve Market is driven by increasing industrialization, expanding infrastructure projects, and growing demand for energy worldwide. With industries such as oil and gas, water and wastewater, and power generation witnessing substantial growth, the demand for industrial valves has surged. Moreover, stringent regulations regarding environmental sustainability and safety standards have propelled the adoption of advanced valve technologies. Opportunities in the market are abundant due to the rising focus on process optimization and automation, leading to increased demand for smart valves and control systems. Additionally, ongoing technological advancements, such as the integration of the Industrial Internet of Things (IIoT) for predictive maintenance, create avenues for market expansion. However, the market faces restraints, including fluctuating raw material prices and the high initial cost of advanced valve technologies. Economic uncertainties, especially in the wake of global events, may impact the investment decisions of end-users, posing challenges to market growth. Nevertheless, the industry's resilience and adaptability to changing market dynamics provide opportunities for overcoming these restraints and sustaining long-term growth.

The Industrial Valve Market Report Highlight:

• • By product type, Saudi Arabia industrial valves market is divided into Gate Valve, Globe Valve, Butterfly Valve, Ball Valve, Check Valve, Plug Valve. 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.
  • By 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.

Key Industry Development:

In February 2023, LyondellBasell announced a 35% stake acquisition in the Saudi-based National Petrochemical Industrial Company (NATPET). While not directly related to the valve industry, it highlights growing investment in the broader Saudi petrochemical sector, potentially impacting valve demand.

In February 2023, Emerson Electric Co., a major player in the global valve industry, launched the ASCO Series 158 Gas Valve and Series 159 Motorized Actuator for burner-boiler applications. This product launch aimed to cater to a wider customer base by offering double the flow rate compared to other combustion valves.

The Saudi Arabia Industrial Valve Market Segmentation:

By Product

• • Gate Valve, Globe Valve
  • Butterfly Valve
  • Ball Valve
  • Check Valve
  • Plug Valve

By Material Type

• • Steel
  • Cast Iron
  • Alloy Based
  • Cryogenic

By End User

• • Oil & Gas
  • Water & Wastewater Treatment
  • Energy & Power
  • Chemicals
  • Food & Beverages
  • Pharmaceuticals & Healthcare
  • Building & Construction

For this report, Introspective Market Research has segmented the Bike Sharing Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

North America

o   The U.S.

o   Canada

o   Mexico

 Eastern Europe

o   Russia

o   Bulgaria

o   The Czech Republic

o   Hungary

o   Poland

o   Romania

o   Rest of Eastern Europe

Western Europe

o   Germany

o   UK

o   France

o   Netherlands

o   Italy

o   Spain

o   Rest of Western Europe

Asia Pacific

o   China

o   India

o   Japan

o   Singapore

o   Australia

o   New-Zealand

o   Rest of APAC

Middle East & Africa

o   Turkey

o   Saudi Arabia

o   Qatar

o   UAE

o   Israel

o   South Africa

South America

o Brazil

o Argentina

o Rest of SA