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France Industrial Valve Market Research Report 2023
France 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
France Industrial Valve Market Synopsis
France Industrial Valve Market Size Was Valued at USD 1,714.75 Million in 2022, and is Projected to Reach USD 2,438.55 Billion by 2030, Growing at a CAGR of 4.5% From 2023-2030.
- The French industrial valve market is in a crucial position to support several key industries, including oil and gas, chemical, water and wastewater, energy and manufacturing. Valves are essential components in these sectors to regulate, monitor and control the flow of liquid and gas, ensuring efficient and safe operation.
- The French industrial valve market benefits from a strong industrial base and well-developed infrastructure, which drives continuous demand for valves in various applications. The country's robust oil and gas sector relies heavily on valves for exploration, production and refining operations, while the chemical industry requires specialized valves to handle corrosive and hazardous substances.
- The focus on renewable energy sources such as nuclear and hydropower will create additional opportunities for valve manufacturers in the power generation sector. In addition, the water and wastewater industry's increasing emphasis on environmental sustainability increases the demand for valves that improve water management and reduce environmental impacts.
Top Key Players:
"ARCA Regler GmbH (Germany), SAMSON Controls SAS (Germany), Bopp & Reuther Messtechnik GmbH (Germany), Velan SAS (Canada), SFC KOENIG SAS (Switzerland), Tecofi SAS (France), Valco Group France SAS (France), LDM Armaturen GmbH (Germany), SLCE Sistemas de Control de liquidos y Electricidad SL (Spain), RITAG Ritterhuder Armaturen GmbH & Co. KG (Germany), Parcol S.p.A. (Italy), Laroche SAS (France), Bray Controls France SAS (Ireland), Gestra France SAS (Germany), CIRCOR International Inc. (France), Gevas GmbH (Germany), Pister Kugelhähne GmbH (Germany), Walworth Valves France S.A.S. (Mexico), VYC Industrial S.A. (Spain), Baelz Automatik GmbH & Co. KG (Germany) and other major players."
France Industrial Valve Market Trend Analysis
Diverse Industries Drive Valve Demand
- France's strong industrial base, which includes several industries such as oil and gas, chemical and manufacturing, creates a significant and continuous demand for industrial valves. These valves play an important role in supporting the smooth operation and process control of various industries. In the oil and gas industry, valves are essential to control the flow of oil and natural gas during the exploration, production and refining processes.
- In the chemical industry, valves precisely control corrosive and hazardous substances during the production phase. The manufacturing sector also relies on valves for process automation and fluid control in various manufacturing processes. The versatile and robust nature of these industries ensures a constant need for reliable industrial valves in France.
- As these sectors develop and expand, the demand for technologically advanced valves with improved performance and safety features is expected to increase. As such, valve manufacturers are poised to benefit from this continued demand and will likely focus on innovation to meet the unique requirements of each industry.
Valve Technology Advancements Drive Automation
- Advances in valve technology, particularly the development of smart valves and digital control systems, are revolutionizing the industrial landscape by providing innovative solutions that improve process automation. Smart valves integrate advanced sensors, actuators and communication capabilities, enabling real-time data collection and analysis. This data approach enables precise control and monitoring of valve performance, which improves efficiency, reduces energy consumption and increases safety in industrial processes.
- Digital control systems, on the other hand, offer advanced automation and control functions that enable seamless integration into industrial networks and control systems. These systems provide remote command and control, allowing users to control valves from centralized locations, even at multiple locations. In addition, the predictive maintenance capabilities of digital control systems enable early detection of valve problems, reducing downtime and maintenance costs.
- The combination of intelligent valves and digital control systems not only optimizes industrial operations but also enables the industry to adapt to rapidly changing demands and market conditions.
France Industrial Valve Market Segment Analysis
Industrial Valve market segments covers the Type, Material, Size, Application, and Function. By Material, the Steel segment is Anticipated to Dominate the Market Over the Forecast Period.
- The steel segment of the French industrial valve market plays an important role, as steel valves are widely used in various industries due to their strength, durability and corrosion resistance. In the oil and gas industry, steel valves are essential in exploration, production and transportation operations, where they withstand harsh operating conditions and ensure the safe and efficient flow of hydrocarbons.
- Steel valves have a wide range of applications in power plants, including nuclear and thermal power plants, where they control the flow of steam, water and other fluids in critical systems. The durability of steel valves is particularly useful in environments where high pressure and temperature are common.
- The steel segment of the French industrial valve market is characterized by different types of steel valves, including slide valves, butterfly valves, body valves and butterfly valves, each of which fulfils specific industrial needs. As industrial sectors evolve and demand more durable and efficient valve solutions, the steel segment expects to maintain its position in the French market as an important part of the smooth operation of various industries.
Country Analysis of The France Industrial Valve Market
- The French industrial valve market benefits from a strong and diverse industrial base in key regions. Île-de-France, which surrounds Paris, is the economic centre of the country and drives demand for industrial valves in various sectors, including manufacturing, construction and power generation.
- Hauts-de-France, with its industrial heritage and important position in the chemical and petrochemical sectors, plays an important role in the industrial valve market. The demand for valves in the region stems from its extensive manufacturing activities and the need for precise control of fluids in various industrial processes.
- Auvergne-Rhône-Alpes is an important energy production region, especially in nuclear and hydropower production, which creates significant opportunities for valve applications. The region's focus on sustainable energy solutions further supports the deployment of advanced valves to ensure safe and efficient operations in the energy sector.
- The diverse industrial landscape of Grand Est, which includes, for example, automotive, steel and food industries, contributes to the demand for industrial valves. The region's commitment to environmental requirements also encourages the introduction of efficient valves in water and sewage supply.
COVID-19 Impact Analysis on France Industrial Valve Market
- The COVID-19 pandemic has had several negative effects on the French industrial valve market. One of the most significant impacts was the disruption of supply chains. Lockouts, travel restrictions and temporary closures of production facilities have seriously affected the production and transportation of industrial valves. This has caused delayed deliveries and project delays, affecting the overall efficiency of industries that rely on these valves.
- The pandemic has caused a slowdown in several sectors, including oil and gas, manufacturing and construction. These industries are the main consumers of industrial valves. Due to reduced investment and delayed projects, the demand for valves has decreased, which has affected the income of valve manufacturers and sellers.
- The financial uncertainty caused by the pandemic has also led to delays in investing in infrastructure projects, as companies have focused on cost savings and business continuity initiatives. This further reduced the demand for industrial valves in the country.
Top Key Players Covered in The France Industrial Valve Market
- ARCA Regler GmbH (Germany)
- SAMSON Controls SAS (Germany)
- Bopp & Reuther Messtechnik GmbH (Germany)
- Velan SAS (Canada)
- SFC KOENIG SAS (Switzerland)
- Tecofi SAS (France)
- Valco Group France SAS (France)
- LDM Armaturen GmbH (Germany)
- SLCE Sistemas de Control de Liquidos y Electricidad SL (Spain)
- RITAG Ritterhuder Armaturen GmbH & Co. KG (Germany)
- Parcol S.p.A. (Italy)
- Laroche SAS (France)
- Bray Controls France SAS (Ireland)
- Gestra France SAS (Germany)
- CIRCOR International Inc. (France)
- Gevas GmbH (Germany)
- Pister Kugelhähne GmbH (Germany)
- Walworth Valves France S.A.S. (Mexico)
- VYC Industrial S.A. (Spain)
- Baelz Automatik GmbH & Co. KG (Germany)
Key Industry Developments in the Industrial Valve Market
In June 2023, CIRCOR International Inc. amended the merger agreement with KKR to increase the purchase price to $56.00 per share in cash, a 9.8% premium over KKR's initial purchase offer and a 76.8% premium to the unchanged stock price on June 2, 2023. KKR will provide full capital collateral protection for the merger.
In November 2022, TECOFI expanded its global presence by establishing a new branch in Cairo, Egypt. This expansion aims to provide quality solutions and support to partners worldwide, with the on-site team led by Ahmed El Maadawy. Mohamed Ech-Chali joins the French headquarters as the contact person for Egypt, and Fabien Fayard continues as CEO of the TECOFI Group. TECOFI EGYPT has current subsidiaries in Cuba, the United Arab Emirates, China and Russia and is strengthening its position in the field of global water supply and protection.
|
France Industrial Valve Market |
|||
|
Base Year: |
2022 |
Forecast Period: |
2023-2030 |
|
Historical Data: |
2016 to 2021 |
Market Size in 2022: |
USD 1,714.75 Mn. |
|
Forecast Period 2023-30 CAGR: |
4.5% |
Market Size in 2030: |
USD 2,438.55 Mn. |
|
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?
ARCA Regler GmbH (Germany), SAMSON Controls SAS (Germany), Bopp & Reuther Messtechnik GmbH (Germany), Velan SAS (Canada), SFC KOENIG SAS (Switzerland), Tecofi SAS (France), Valco Group France SAS (France), LDM Armaturen GmbH (Germany), SLCE Sistemas de Control de liquidos y Electricidad SL (Spain), RITAG Ritterhuder Armaturen GmbH & Co. KG (Germany), Parcol S.p.A. (Italy), Laroche SAS (France), Bray Controls France SAS (Ireland), Gestra France SAS (Germany), CIRCOR International Inc. (France), Gevas GmbH (Germany), Pister Kugelhähne GmbH (Germany), Walworth Valves France S.A.S. (Mexico), VYC Industrial S.A. (Spain), Baelz Automatik GmbH & Co. KG (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 French industrial valve market is in a crucial position to support several key industries, including oil and gas, chemical, water and wastewater, energy and manufacturing. Valves are essential components in these sectors to regulate, monitor and control the flow of liquid and gas, ensuring efficient and safe operation.
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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Base Year:2022
Historical Data:2016-2022
No of Pages:300
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