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Taiwan Industrial Valve Market Research Report 2023

Taiwan 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: 198

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Taiwan 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.

  • Taiwan's industrial valve market is an integral part of the country's manufacturing and infrastructure sectors. Industrial valves are important devices used to control the flow of liquids, gases and other substances in various industrial processes, including petrochemical, oil and gas, power generation, water treatment and more.
  • Due to Taiwan's prosperous manufacturing industry and strong economic growth, the demand for industrial valves is constantly increasing. Local valve manufacturers play an important role in meeting this demand by producing a wide range of valves for various industrial applications. In addition, Taiwan's geographic location and strategic position in international trade made it an attractive centre for valve exports, which further stimulated market growth.
  • The market is highly competitive, with domestic manufacturers and international players competing for market share. As global industries develop and modernize, Taiwan's industrial valve market is expected to adapt and upgrade to meet the changing needs of various industries, continuing its growth and contributing to the country's overall industrial development.

Top Key Players:

"Yih Cherng Hydraulic Machinery Co. Ltd. (Taiwan), Yih Tek Automation Co. Ltd. (Taiwan), Forbix Semicon Co. Ltd. (Taiwan), Everfit Technology Co. Ltd. (Taiwan), A-T Controls Inc. (US), Chuan Chuan Metal Valves Co. Ltd. (Taiwan), Advan Flow Solution Co. Ltd. (Taiwan), Heaser Valve Corp. (Taiwan), Jeng Yuan Rech Co. Ltd. (Taiwan), Han Tai Valve Enterprise Co. Ltd. (Taiwan), Shako Co. Ltd. (Taiwan), Dezurik Taiwan Co. Ltd. (US), San Fung Automation Co. Ltd. (Taiwan), Stantec Engineering Co. Ltd. (Taiwan), Dura Flow Corporation (Taiwan), Ebro Valves (Taiwan) Ltd. (Taiwan/Germany), Jade Lung Industrial Co. Ltd. (Taiwan), Kao Lu Industry Co. Ltd. (Taiwan), RAYS Flow Control Equipment Co. Ltd. (Taiwan), Yung Ming Machine Industrial Co. Ltd. (Taiwan) and other major players."

The Taiwan Industrial Valve Market Trend Analysis

Favourable Export Location for Valves

  • Taiwan's favourable geographical location offers favourable export opportunities for local valve manufacturers. Located in the heart of East Asia, Taiwan is a strategic gateway to key international markets. Thanks to a well-developed transport infrastructure, including ports and airports, the country has efficient connections to major global destinations. Thanks to this accessibility, Taiwanese valve manufacturers can seamlessly export their products to different countries and expand their customer base beyond their national borders.
  • Taiwan's established reputation as a manufacturer of high-quality industrial valves enhances its competitiveness in the global market. Many international buyers look to Taiwanese valve manufacturers for their reliability, efficiency and adherence to international standards.
  • As a result, local valve companies can leverage this reputation to gain a stronger foothold in international markets and explore new business opportunities worldwide. By taking advantage of its geographical advantage and maintaining its commitment to producing high-quality products, Taiwan's valve industry can continue to develop and make significant contributions to the country's economy.

Rising Demand for Eco-Friendly Valves

  • Growing awareness of environmental issues has led to a growing demand for environmentally friendly and sustainable valve solutions in various industries. As concerns about climate change and environmental impacts continue to grow, businesses and governments are actively seeking greener alternatives to reduce their carbon footprint and promote sustainable practices.
  • To meet this demand, valve manufacturers are investing in research and development to create innovative green technologies. These sustainable valve solutions aim to minimize energy consumption, reduce greenhouse gas emissions and optimize the use of resources without compromising performance and efficiency. By introducing eco-friendly valves, the industry can promote environmental protection and meet strict regulations and standards related to sustainable development.
  • The move to sustainable valves not only benefits the environment but also offers companies the opportunity to adapt to changing market habits and improve their socially responsible work. As pressure for sustainable practices increases globally, the adoption of environmentally friendly valves is likely to be a key factor in shaping the future of industrial operations and creating a more environmentally aware and responsible business environment.

The data reveal fluctuations in the Value Added in the Taiwan Machinery & Equipment Industry from 2018 to 2022, with a slight decrease in 2019 and a subsequent recovery in 2021. These variations may be indicative of changing market conditions, technological advancements, or shifts in demand. Relating this to the industrial valve market, which is closely tied to the machinery and equipment industry, it is likely that the fluctuations in Value Added could also have influenced the demand for industrial valves in Taiwan during the same period.

Taiwan Industrial Valve Market Segment Analysis

Taiwan Industrial Valve Market segments covers the Type, Material, Size, Application, and Function. By Application, the Oil & Gas segment is Anticipated to Dominate the Market Over the Forecast Period.

  • The oil and gas segment makes up a significant portion of Taiwan's industrial valve market and plays a key role in meeting the country's energy needs. The segment covers various valve applications in the oil and gas industry, including exploration, production, refining and distribution. These valves are essential to control the flow of oil, natural gas and refined products through the supply chain.
  • As Taiwan continues to focus on diversifying its energy sources and reducing import dependence, the oil and gas segment faces both opportunities and challenges. The exploration and production sector is looking for reliable and efficient valves for offshore drilling, while the refining industry needs valves that can handle complex and corrosive processes. In addition, the transportation and distribution of oil and gas require a robust pipeline infrastructure supported by reliable valves to ensure efficient and safe operation.

Country Analysis of The Taiwan Industrial Valve Market

  • Taichung City, located in Taiwan, is an important industrial and economic centre with a significant position in the industrial valve market. The city's civil manufacturing industry, including petrochemicals, machinery and electronics, increases the demand for industrial valves in various applications.
  • Taichung City's industrial valve market consists of domestic valve manufacturers as well as international players. Local manufacturers meet the growing demand of the city and Taiwanese industry and also export valves to global markets. These companies offer a wide range of valve products such as ball valves, slide valves, check valves and relief valves, among others, for various industrial needs.
  • Taichung City's strategic location near major shipping ports and access to international trade routes further strengthens its position as an attractive hub for valve manufacturers and traders. Taichung City's industrial valve market continues to evolve with the region's industrial growth and focuses on sustainable practices and energy efficiency.

COVID-19 Impact Analysis on the Taiwan Industrial Valve Market

  • The COVID-19 pandemic has had some negative effects on Taiwan's industrial valve market. As the virus spread globally, it caused international trade disruptions, supply chain challenges and reduced industrial activity, affecting demand and production of industrial valves.
  • The pandemic has slowed global economic growth, which has led to reduced demand for industrial valves in various sectors. Many industries, such as oil and gas, petrochemical and manufacturing, have experienced temporary stoppages or reductions in operations that directly affected the need for valves in their processes.
  • Supply chain disruptions caused by lockdowns, travel restrictions and factory closures around the world have affected the timely availability of raw materials and components needed to manufacture the valves. This in turn led to production delays and increased costs for valve manufacturers.
  • The uncertainty of the pandemic and recession led to cautious consumption and investment decisions by companies, which further affected the demand for industrial valves. Companies hesitated to undertake new projects, expansions or innovations during uncertain times, which affected the growth prospects of the valve market.

Top Key Players Covered in The Taiwan Industrial Valve Market

  • Yih Cherng Hydraulic Machinery Co. Ltd. (Taiwan)
  • Yih Tek Automation Co. Ltd. (Taiwan)
  • Forbix Semicon Co. Ltd. (Taiwan)
  • Everfit Technology Co. Ltd. (Taiwan)
  • A-T Controls Inc. (US)
  • Chuan Chuan Metal Valves Co. Ltd. (Taiwan)
  • Advan Flow Solution Co. Ltd. (Taiwan)
  • Heaser Valve Corp. (Taiwan)
  • Jeng Yuan Rech Co. Ltd. (Taiwan)
  • Han Tai Valve Enterprise Co. Ltd. (Taiwan)
  • Shako Co. Ltd. (Taiwan)
  • Dezurik Taiwan Co. Ltd. (US)
  • San Fung Automation Co. Ltd. (Taiwan)
  • Stantec Engineering Co. Ltd. (Taiwan)
  • Dura Flow Corporation (Taiwan)
  • Ebro Valves (Taiwan) Ltd. (Taiwan/Germany)
  • Jade Lung Industrial Co. Ltd. (Taiwan)
  • Kao Lu Industry Co. Ltd. (Taiwan)
  • RAYS Flow Control Equipment Co. Ltd. (Taiwan)
  • Yung Ming Machine Industrial Co. Ltd. (Taiwan)

Key Industry Developments in the Taiwan Industrial Valve Market

In March 2022, EBRO ARMATUREN introduced INFLAS PRO, a state-of-the-art approach to managing inflatable seats, in the INFLAS valve range. The control unit has a microcontroller that allows comprehensive control of valve functions, including opening and closing and monitoring of critical parameters. This predictive monitoring function allows the system to detect potential faults in advance and immediately notify the programmable logic controller (PLC) via a sentence contact, ensuring a timely response to any problems. Together with INFLAS PRO, EBRO ARMATUREN offers an innovative and efficient way to maintain valve performance and improve reliability.

Taiwan 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?

Yih Cherng Hydraulic Machinery Co. Ltd. (Taiwan), Yih Tek Automation Co. Ltd. (Taiwan), Forbix Semicon Co. Ltd. (Taiwan), Everfit Technology Co. Ltd. (Taiwan), A-T Controls Inc. (US), Chuan Chuan Metal Valves Co. Ltd. (Taiwan), Advan Flow Solution Co. Ltd. (Taiwan), Heaser Valve Corp. (Taiwan), Jeng Yuan Rech Co. Ltd. (Taiwan), Han Tai Valve Enterprise Co. Ltd. (Taiwan), Shako Co. Ltd. (Taiwan), Dezurik Taiwan Co. Ltd. (US), San Fung Automation Co. Ltd. (Taiwan), Stantec Engineering Co. Ltd. (Taiwan), Dura Flow Corporation (Taiwan), Ebro Valves (Taiwan) Ltd. (Taiwan/Germany), Jade Lung Industrial Co. Ltd. (Taiwan), Kao Lu Industry Co. Ltd. (Taiwan), RAYS Flow Control Equipment Co. Ltd. (Taiwan), Yung Ming Machine Industrial Co. Ltd. (Taiwan) 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?

Taiwan's industrial valve market is an integral part of the country's manufacturing and infrastructure sectors. Industrial valves are important devices used to control the flow of liquids, gases and other substances in various industrial processes, including petrochemical, oil and gas, power generation, water treatment and more.

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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