Hybrid Valves

Hybrid Valves

Global Hybrid Valves Market to Reach $1.7 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Hybrid Valves estimated at US$1 Billion in the year 2020, is projected to reach a revised size of US$1.7 Billion by 2027, growing at a CAGR of 7.1% over the analysis period 2020-2027. Steel, one of the segments analyzed in the report, is projected to record a 8.4% CAGR and reach US$600.1 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Tungsten Carbide segment is readjusted to a revised 7.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $299.1 Million, While China is Forecast to Grow at 6.7% CAGR

The Hybrid Valves market in the U.S. is estimated at US$299.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$289.8 Million by the year 2027 trailing a CAGR of 6.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 5.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.8% CAGR.

Duplex Nickel Segment to Record 6.8% CAGR

In the global Duplex Nickel segment, USA, Canada, Japan, China and Europe will drive the 6.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$125.1 Million in the year 2020 will reach a projected size of US$198.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 36 Featured) -

• IMI PLC
• Carter Process Control GmbH
• Chemtrols Emet Pvt. Ltd
• Circor Energy
• Disc/Trim Manufacture
• Dymet Alloys
• Electronica Tough Carb Ltd (ETCL)
• Emerson Electric Co.
• Koso Kent Introl Ltd
• Mascot
• Master FLO Valve Inc.
• Parcol S.P.A.
• Penn United Technologies, Inc
• Seed Technologies Corp Ltd. (Aseeder)
• The Weir Group PLC
• Wuxi Intelligent Automation Engineering Co., Ltd.

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