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Italy Industrial Valve Market Research Report 2023

Italy 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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Italy Industrial Valve Market Synopsis

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.

  • The Italy Industrial Valve Market has an important position in the country's economy and plays a key role in several sectors. Italy has a well-established process industry that includes oil and gas, chemical, water and wastewater, power and petrochemicals, all of which rely heavily on industrial valves to regulate and control fluid flow. These valves are important components that ensure smooth operation, increase efficiency and maintain safety standards in various processes.
  • The market is very competitive and both domestic and international valve manufacturers are trying to meet the growing demand for innovative and reliable valve solutions. Italy's strong engineering and technological expertise continues to advance the development of high-class valve products.
  • Italy's strategic location as a gateway to Europe offers opportunities for the export of industrial valves to neighbouring countries, which expands the market reach. As the industry continues to modernize and upgrade its infrastructure, the Italy Industrial Valve Market is poised for continued growth, offering a wide range of valves for various industrial applications.

Top Key Players:

"Valvitalia Group (Italy), PetrolValves (Italy), Perar SPA (Italy), OMB Valves (Italy), Galli&Cassina (Italy), Metalvalves SRL (Italy), PIBIVIESSE (Italy), Firsa SPA (Italy), F.lli Valv. Iseo (Italy), Tecnoimpianti (Italy), GEP Valves (Italy), Geo Valves (Italy), Valvolam (Italy), Gnali Bocia (Italy), TESPE (Italy), EREDI BAITELLI SPA (Italy), AVK Italia (Italy), Schneider Electric (France), SAMSON (Germany), Bürkert (Germany) and other major key players."

The Italy Industrial Valve Market Trend Analysis

Strategic Location Boosts Valve Exports

  • Italy's strategic location as a gateway to Europe offers a significant export opportunity for the country's Industrial Valve Market. Located in the heart of Europe, Italy has excellent connections and access to a wide network of neighbouring countries. Thanks to this geographical advantage, Italian valve manufacturers can effectively distribute their products to several European markets, which contributes to market growth.
  • Taking advantage of its strategic location, Italy can offer competitive transport and logistics options, making it an attractive choice for international buyers looking for reliable and timely deliveries. In addition, the European Union's open trade policies and agreements further improve the export process, reduce barriers and enable smoother trade.
  • As the demand for industrial valves increases in Europe, Italian manufacturers can use the opportunity to expand their customer base and increase their market share. Establishing strong export relations with neighbouring countries can lead to long-term partnerships and promote the image of Italian valve products, strengthening the country's position as a key player in the European Industrial Valve Market.

Infrastructure Drives Valve Demand

  • Italy's investment in infrastructure projects opens up new opportunities in the industrial valves market. As the country invests in improving and expanding its infrastructure, the demand for industrial valves is expected to grow strongly in areas such as water and sewage supply, energy and construction. Industrial valves play a key role in regulating the flow of liquids and gases in various infrastructure projects, ensuring efficient and safe operation.
  • In particular, water and sewage projects require a wide range of valves to control water distribution, treatment processes and drainage systems. Similarly, in energy projects, industrial valves are important for oil and gas pipelines, power plants and renewable energy plants. As Italy undertakes to modernize its transport networks, industrial valves will also be used in the construction of roads, bridges and tunnels.
  • The increased demand for valves not only encourages growth in the domestic market but also offers opportunities for valve manufacturers to explore international markets where Italian know-how and quality products can be sought.

Segmentation Analysis of The Italy Industrial Valve Market

Italy Industrial Valve Market is segmented into the Type, Material, Size, Application, and Function. By Application, the Energy segment is Anticipated to Dominate the Market Over the Forecast Period.

  • The energy segment of the Italy Industrial Valve Market plays a vital role in supporting the country's diverse energy infrastructure. Italy's energy sector consists of traditional sources such as oil and gas and an increasing emphasis on renewable energy sources such as solar, wind and hydropower. Industrial valves are important components in this industry and perform several important functions.
  • In the oil and gas industry, valves are used in exploration, extraction, refining and transportation processes. They regulate the flow of oil and natural gas in pipelines and storage facilities, ensuring safe and efficient operation. In addition, valves are an integral part of pressure and flow rates in refineries and petrochemical plants where accuracy and reliability are of utmost importance.
  • Italy's focus on renewable energy development has also led to increased demand for industrial valves in solar, wind and hydropower projects. Valves are important in controlling cooling systems, regulating water flow in hydroelectric power plants, and directing steam and gases in solar and wind power plants.

The graph depicts the fluctuating trend of value addition in Industrial Products & Services in the Manufacturing Market from 2018 to 2022. After reaching a peak of 53.27 in 2018, it declined in 2019 and experienced a significant drop in 2020 (38.38). However, there was a positive recovery in 2021 (47.47) before a slight decline in 2022 (44.96).

Country Analysis of The Italy Industrial Valve Market

Emilia-Romagna is Expected to Dominate the Market Over the Forecast Period.

  • Located in northern Italy, the Emilia-Romagna Industrial Valve Market is an important part of the state's industrial landscape. Emilia-Romagna is known for its thriving manufacturing and engineering sectors, making industrial valves a critical part of the various industries operating in the region. Emilia-Romagna has many different sectors such as automotive, food, chemicals and pharmaceuticals, all of which rely heavily on industrial valves to control and regulate fluids in their processes.
  • In the automotive industry, valves are an integral part of controlling the flow of liquids and gases in engine systems, cooling circuits and transmission lines. Similarly, the food industry uses valves to control the movement of liquids and semi-liquids during production and packaging. Chemical and pharmaceutical industries use industrial valves to handle potentially dangerous chemicals, which ensures the safety and precision of their work.
  • Emilia-Romagna's strong design expertise and technological progress contribute to the development of innovative valve solutions for the specific requirements of various industries. The region's strategic location in Italy and access to efficient transport networks make it an attractive hub for valve manufacturers and suppliers.

COVID-19 Impact Analysis on Italy Industrial Valve Market

  • The COVID-19 pandemic has had a significant negative impact on the Italy Industrial Valve Market. As the country struggled with a health crisis, several factors contributed to the market's decline. First, the shutdowns and restrictions caused by the pandemic have seriously disrupted industrial activities in various sectors, causing a decrease in demand for industrial valves.
  • Disruptions in the supply chain due to border closures and logistical challenges made it difficult to supply the raw materials and components needed to manufacture the valves on time. This led to production delays and increased production costs, which increased the market.
  • The uncertainty triggered by the pandemic and recession led companies to take a cautious approach, which led to a decrease in capital investment in new projects and equipment, including industrial valves. The decline in investment has negatively affected the growth and expansion plans of valve manufacturers.
  • Travel restrictions affected international trade and exports and limited the market size and potential growth opportunities for Italian valve manufacturers. The combination of these factors resulted in a difficult business environment for the Italy Industrial Valve Market during the pandemic.

Top Key Players Covered in The Italy Industrial Valve Market

  • Valvitalia Group (Italy)
  • PetrolValves (Italy)
  • Perar SPA (Italy)
  • OMB Valves (Italy)
  • Galli&Cassina (Italy)
  • Metalvalves SRL (Italy)
  • PIBIVIESSE (Italy)
  • Firsa SPA (Italy)
  • lli Valv. Iseo (Italy)
  • Tecnoimpianti (Italy)
  • GEP Valves (Italy)
  • Geo Valves (Italy)
  • Valvolam (Italy)
  • Gnali Bocia (Italy)
  • TESPE (Italy)
  • EREDI BAITELLI SPA (Italy)
  • AVK Italia (Italy)
  • Schneider Electric (France)
  • SAMSON (Germany)
  • Bürkert (Germany)

Key Industry Developments in the Italy Industrial Valve Market

In March 2021, PetrolValves Group and trusted EPCC solution provider Sirio Solutions Engineering joined forces for an exciting partnership. Based on its expertise in turbomachinery control systems, Sirio Solutions Engineering has developed innovative solutions for the oil and gas, petrochemical, refinery and power generation sectors. With the new collaboration, both companies are trying to further develop their expertise and offer customers advanced solutions. This strategic partnership promises to bring added value and comprehensive services to the industries it serves.

In June 2020, OMB Valves SpA of Italy announced that BEL Valves S.r.l., Milan subsidiary of British company BEL Valves Limited. of a successful acquisition. Now owned by OMB Valves Group, a well-known manufacturer of valves for the energy industry, the acquisition includes business, assets and employees. Headquartered in Bergamo, Italy, OMB is known worldwide for its forged steel valves and operates in Europe, North America, Asia and the Middle East with an extensive distribution network.

Italy 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?

Valvitalia Group (Italy), PetrolValves (Italy), Perar SPA (Italy), OMB Valves (Italy), Galli&Cassina (Italy), Metalvalves SRL (Italy), PIBIVIESSE (Italy), Firsa SPA (Italy), F.lli Valv. Iseo (Italy), Tecnoimpianti (Italy), GEP Valves (Italy), Geo Valves (Italy), Valvolam (Italy), Gnali Bocia (Italy), TESPE (Italy), EREDI BAITELLI SPA (Italy), AVK Italia (Italy), Schneider Electric (France), SAMSON (Germany), Bürkert (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 Italian industrial valve market has an important position in the country's economy and plays a key role in several sectors. Italy has a well-established process industry that includes oil and gas, chemical, water and wastewater, power and petrochemicals, all of which rely heavily on industrial valves to regulate and control fluid flow. These valves are important components that ensure smooth operation, increase efficiency and maintain safety standards in various processes.

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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