Global Valves Market in Mining Industry 2023-2027
Technavio has been monitoring the valves market in mining industry and it is poised to grow by $1336.86 mn during 2023-2027, accelerating at a CAGR of 3.88% during the forecast period. Our report on the valves market in mining industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in the smart mining industry, government regulations, and growing demand for cobalt owing to the increasing adoption of electric vehicles.
Technavio's valves market in mining industry is segmented as below:
- Mineral fuels
- Iron and ferro-alloys
- Non-ferrous metals
- Precious metals
- Industrial minerals
- Multi-turn valves
- Quarter turn valves
- Control valves
By Geographical Landscape
- North America
- Middle East and Africa
- South America
This study identifies deep sea mining as one of the prime reasons driving the valves market growth in mining industry during the next few years. Also, the growing application of simulation software and the rising number of mergers and acquisitions will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the valves market in mining industry covers the following areas:
- Valves market sizing in mining industry
- Valves market forecast in mining industry
- Valves market analysis in mining industry
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading valves market vendors that include Alfa Laval Corporate AB, AVK Holding AS, Bray International Inc., Crane Co., Curtiss Wright Corp., Dembla Valves Ltd., Emerson Electric Co., Flowserve Corp., General Electric Co., Hobbs Valve Ltd., Honeywell International Inc., ITT Inc., KITZ Corp., Larsen and Toubro Ltd., Pentair Plc, RF Valves Inc., Schlumberger Ltd., The Weir Group Plc, and Velan Inc. Also, the valves market in mining industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.