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Austria Industrial Valve Market Research Report 2023

Austria Industrial Valve Market Size By Type (Ball, Globe, Gate, Butterfly, Plug, Check) Material (Steel, Brass, Bronze, Cast Iron, Plastic) Size (< 1”, 1”–6”, 6”–25”, 25”–50”, > 50”) Application (Oil & Gas, Power, Energy, Chemical, Water & Waste Treatment) Function (On/Off, Control, Isolation, Special Purpose) and Country Market Analysis and Forecast, 2023-2030

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Report ID: 192

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Austria Industrial Valve Market Synopsis

Austria Industrial Valve is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

  • An industrial valve is a mechanical device used to control the flow of fluids (liquids, gases, or slurries) in pipelines or process equipment. It acts as a regulator that allows users to start, stop, or adjust the flow rate of the resource to ensure smooth and efficient operation in various industries. There are different types of industrial valves, including slide valves, globe valves, butterfly valves, check valves, and ball valves, each serving specific functions based on its design and application.
  • The importance and benefits of industrial valves for customers and the Austrian market are significant. For customers, these valves provide essential material flow control, ensuring optimal process efficiency, safety, and reliability. Correctly selected and maintained valves can reduce downtime, minimize leaks, and prevent accidents, resulting in cost savings and increased productivity for industrial users in Austria.
  • In the Austrian market, industrial valves are important components in many industries, including oil and gas, power generation, chemical processing, water and wastewater treatment, and manufacturing. Thanks to Austria's industrial capacity and strategic location, the demand for high-quality industrial valves remains stable.

Top Key Players:

"Wienerberger AG (Austria), ARI-Armaturen GmbH (Germany), Belimo Automation AG (Switzerland), Stafsjö Valves GmbH (Sweden), VELAN GmbH (Canada), ILUDEST Destillationsanlagen GmbH (Germany), KNAPP Connectors GmbH (Austria), Passerella Sperrelemente GmbH (Austria), Lutz-Jesco GmbH (Germany), EPCO GesmbH (Austria), Klinger Fluid Control GmbH (Austria), BHDT GmbH (Austria), Herz Armaturen GmbH (Austria), AVK GmbH (Austria), WATTS Water Technologies GmbH (US), WIKA GmbH (Germany), Metso Automation GmbH (Finland), Spirax Sarco GmbH (UK), AVAG Pumps & Valves GmbH (Austria), Lenze Antriebstechnik GmbH Austria (Germany) and other major players."

Austria Industrial Valve Market

Austria Industrial Valve Market Trend Analysis

Smart Valves Drive Efficiency

  • Smart valves and automation are revolutionizing industrial processes in Austria, greatly improving efficiency and safety. These advanced valve technologies integrate sensor-based systems and digital controls to automate valve operations, reducing the need for manual intervention. In this way, smart valves enable real-time monitoring and remote control, optimize flow rates, and respond to changing process conditions without human intervention. It improves process accuracy, reduces downtime, and increases productivity.
  • The integration of smart valves with the Industrial Internet of Things (IIoT) enables data collection and analysis, which facilitates predictive maintenance. By identifying potential problems before they escalate, maintenance activities can be planned proactively, helping to save costs and minimize malfunctions.
  • The adoption of smart valves in the Austrian industrial environment is gaining momentum, driven by improvements in efficiency, cost-effectiveness and reliability. As companies realize the benefits of smart valve technology to achieve productivity and sustainability goals, the Austrian industrial valve market is shifting to smart and automated solutions.

Opportunities in Industry Modernization

  • It refers to the potential benefits and prospects that arise from the ongoing efforts to modernize various industries. As companies strive to enhance their operational efficiency, productivity, and competitiveness, they seek innovative solutions, including the adoption of advanced valve technologies. These modernization efforts create a favourable environment for the industrial valve market to grow and expand.
  • By embracing state-of-the-art valve technologies, industries in Austria can optimize their processes, leading to improved control, precision, and safety. Smart valves with automation and remote monitoring capabilities enable real-time data analysis, predictive maintenance, and streamlined operations. This results in reduced downtime, enhanced energy efficiency, and cost savings for businesses.
  • Moreover, as industries increasingly prioritize sustainability and environmental responsibility, eco-friendly valve solutions gain significance. Valves designed for minimal leakages, reduced energy consumption, and better waste management align with the environmental objectives of modern industrial practices. Therefore, the ongoing modernization of industries in Austria presents an opportunity for the industrial valve market to provide cutting-edge solutions that meet the evolving demands of customers and contribute to the country's overall industrial growth.

 Austria Industrial Valve Market

 Source: Statista

As shown in the graph, in 2021, the world of Austrian manufacturing was led by the metal technology industry with a product value of approximately 44 billion euros, surpassing the second largest sector, the electrical and electronic industry, with more than double the value. The chemical industry and the vehicle industry also played an important role, with production values ​​of 17.1 billion euros and 16.6 billion euros. These data show Austria's balanced manufacturing ecosystem, where the outstanding performance of the metal technology sector supports the country's industrial strength, while various industries such as electrical and electronic, chemical, and automotive further strengthen Austria's position as a global manufacturing arena.

Austria Industrial Valve Market Segment Analysis

Austria's Industrial Valve Market is segmented into Type, Material, Size, Application, and Function. By Type, the Ball segment is Anticipated to Dominate the Market Over the Forecast Period.

  • The ball valve is an important type segment in the Austrian industrial valve market, known for its versatility and wide range of applications. Ball valves have a spherical closing element with a hollow center that allows fluid flow to be smoothly controlled. Ball rotation in the valve body aligns the orifice with the flow path, allowing unrestricted flow, or positions the ball perpendicular to the flow path, resulting in complete closure.
  • In the Austrian industrial valve market, the ball valve segment is growing significantly due to several factors. The excellent sealing properties and minimal leakage of ball valves make them very reliable and the most recommended choice for critical processes. As Austrian industries continue to develop and look for better solutions, the ball valve type segment is poised to maintain its position.
  • The versatility, efficiency and versatile applications of ball valves make them indispensable components in various industrial processes, and as a result, manufacturers in the Austrian market focus on innovation to meet the changing needs of customers and industries.

Austria Industrial Valve Market Country Analysis

  • The Austrian market of industrial valves is generally divided into several regions and states based on the concentration of industry and economic activity. The most important regions promoting the market are Vienna, Lower Austria, Upper Austria, Styria and Carinthia.
  • Vienna, the economic centre, and Lower Austria have a high demand for industrial valves in sectors like power generation and chemical processing. Upper Austria is a significant player in valve manufacturing, supplying both domestic and export markets. Styria's manufacturing base drives growth in the oil and gas and automotive industries.
  • Although Carinthia is less industrialized than other regions, it still represents part of the market demand, especially in specialized sectors such as aerospace and medical equipment production. The regional distribution of the industrial valves market reflects the general economic landscape of Austria, where different states have different industrial strengths and the demand for valves increases accordingly.

COVID-19 Impact Analysis on the Austria Industrial Valve Market

  • The COVID-19 pandemic had a significant negative impact on the Austrian industrial valve market. As the virus spread across the country, strict lockdown measures and disruptions in global supply chains caused a slowdown in industrial activity, leading to a drop in demand for industrial valves. Many industries such as oil and gas, manufacturing, and construction have experienced economic downturns or temporary shutdowns that have directly affected their need for valve replacement, maintenance, and new installations.
  • The decline in international trade during the pandemic has also affected valve manufacturers and suppliers, as export markets have faced challenges from border closures and restrictions. This had a cascading effect on the turnover and profitability of the valve market. However, as the vaccination and economic stimulus measures progress, the Austrian industrial valve market is expected to gradually recover as the industry resumes operations and restores demand for valves in the post-pandemic era.

Top Key Players Covered in The Austria Industrial Valve Market

  • Wienerberger AG (Austria)
  • ARI-Armaturen GmbH (Germany)
  • Belimo Automation AG (Switzerland)
  • Stafsjö Valves GmbH (Sweden)
  • VELAN GmbH (Canada)
  • ILUDEST Destillationsanlagen GmbH (Germany)
  • KNAPP Connectors GmbH (Austria)
  • Passerella Sperrelemente GmbH (Austria)
  • Lutz-Jesco GmbH (Germany)
  • EPCO GesmbH (Austria)
  • Klinger Fluid Control GmbH (Austria)
  • BHDT GmbH (Austria)
  • Herz Armaturen GmbH (Austria)
  • AVK GmbH (Austria)
  • WATTS Water Technologies GmbH (US)
  • WIKA GmbH (Germany)
  • Metso Automation GmbH (Finland)
  • Spirax Sarco GmbH (UK)
  • AVAG Pumps & Valves GmbH (Austria)
  • Lenze Antriebstechnik GmbH (Germany)

Key Industry Developments in the Austria Industrial Valve Market

In April 2023, Wienerberger acquired Wideco Sweden AB, an energy and water management solutions provider. The move strengthens Wienerberger's Smart Solutions business in sustainable building and energy applications and bolsters its position in water management. The acquisition brings innovative sensor devices and real-time monitoring for efficient leakage detection in smart infrastructure and buildings, aligning with Wienerberger's commitment to sustainability and customer-focused solutions.

Austria Industrial Valve Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2016 to 2021

Market Size in 2022:

USD XXX Bn.

Forecast Period 2023-30 CAGR:

XXX%

Market Size in 2030:

USD XXX Bn.

Segments Covered:

By Type

  • Ball
  • Globe
  • Gate
  • Butterfly
  • Plug
  • Check

By Material

  • Steel
  • Brass
  • Bronze
  • Cast Iron
  • Plastic

By Size

  • < 1”
  • 1”–6”
  • 6”–25”
  • 25”–50”
  • > 50”

By Application

  • Oil & Gas
  • Power
  • Energy
  • Chemical
  • Water & Waste Treatment

 

By Function

  • On/Off
  • Control
  • Isolation
  • Special Purpose

Frequently Asked Questions

What would be the forecast period in the Industrial Valve Market research report?

The forecast period in the Industrial Valve Market research report is 2023-2030.

Who are the key players in Industrial Valve Market?

Wienerberger AG (Austria), ARI-Armaturen GmbH (Germany), Belimo Automation AG (Switzerland), Stafsjö Valves GmbH (Sweden), VELAN GmbH (Canada), ILUDEST Destillationsanlagen GmbH (Germany), KNAPP Connectors GmbH (Austria), Passerella Sperrelemente GmbH (Austria), Lutz-Jesco GmbH (Germany), EPCO GesmbH (Austria), Klinger Fluid Control GmbH (Austria), BHDT GmbH (Austria), Herz Armaturen GmbH (Austria), AVK GmbH (Austria), WATTS Water Technologies GmbH (US), WIKA GmbH (Germany), Metso Automation GmbH (Finland), Spirax Sarco GmbH (UK), AVAG Pumps & Valves GmbH (Austria), Lenze Antriebstechnik GmbH Austria (Germany) and Other Major Players.

What are the segments of the Industrial Valve Market?

The Industrial Valve Market is segmented into Type, Material, Size, Application, and Function. By Type, the market is categorized into Ball, Globe, Gate, Butterfly, Plug, and Check. By Material, the market is categorized into Steel, Brass, Bronze, Cast Iron, and Plastic. By Size, the market is categorized into < 1”, 1”–6”, 6”–25”, 25”–50”, and> 50”. By Application, the market is categorized into Oil & Gas, Power, Energy, Chemical, Water & Waste Treatment. By Function, the market is categorized into On/Off, Control, Isolation, and Special Purpose.

What is the Industrial Valve Market?

The importance and benefits of industrial valves for customers and the Austrian market are significant. For customers, these valves provide essential material flow control, ensuring optimal process efficiency, safety and reliability. Correctly selected and maintained valves can reduce downtime, minimize leaks and prevent accidents, resulting in cost savings and increased productivity for industrial users in Austria.

How big is the Industrial Valve Market?

The Industrial Valve is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

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