The discovery of oil deposits in Saudi Arabia in the late 1700s was a significant turning point in the development of the nation’s industrial sector. Modern industry and infrastructure were established as a result of the economic expansion and development brought about by the oil boom of the 1930s. Industrial valves were needed to support the processes of oil extraction, refining, and distribution as oil output rose.
The Saudi Arabian industrial valve market was just getting started in the 18th century, with a primary emphasis on traditional agriculture and modest industrialization. Subsistence farming and trading in agricultural goods, such as dates, wheat, and textiles, formed the foundation of the economy. Because of this, there was little need for industrial valves, mostly in simple irrigation and water distribution systems.
A mechanical/electromechanical device used to control, regulate, and divert flow and pressure in fluids (liquids, gases, and slurries) by closing, opening, or blocking fluid passage. Increasing industrialization increased construction activities, and strong government support in the form of favorable FDI policies in the oil and gas sector, as well as advantageous incentive schemes, are expected to drive the Saudi Arabia valves market during the forecast period.
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Saudi Arabia Industrial Valve Market Size Was Valued at USD 2.6 Billion in 2022 and is Projected to Reach USD 4.3 Billion by 2030, Growing at a CAGR of 6.5% From 2023-2030.
Top Key Players:
“AVK Saudi Valves Manufacturing Company (Saudi Arabia), National Pipe Company (Saudi Arabia), Al-Qahtani Pipe Coating Terminal (Saudi Arabia), Arabian Pipes Company (Saudi Arabia), National Industrialization Company (TASNEE) (Saudi Arabia), Saudi Arabian Amiantit Company (Amiantit) (Saudi Arabia), Abdulaziz Al-Khaldi Trading Establishment (Saudi Arabia), Abdulaziz A. Al-Abdulaziz & Sons Co. Ltd. (AAS) (Saudi Arabia),
Segmentation of Saudi Arabia Industrial Valve Market
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
The report summarizes all the information collected and serves the customer’s requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Assnalysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
The Industrial Valve Market Report Highlight:
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- By product type, Saudi Arabia industrial valves market is divided into Gate Valve, Globe Valve, Butterfly Valve, Ball Valve, Check Valve, Plug Valve. As gate valves are widely suitable for all underground and above-ground installations, they accounted for the highest market share. The main advantages of these valves are that they are an energy-efficient option because they use less power when opening or closing. It is because the movement direction is perpendicular to the media flow direction. As a result, gate valves save both energy and time when compared to globe valves.
- By material type, Saudi Arabia industrial valve market is divided into Steel, Cast Iron, Alloy Based, Cryogenic, and other segments. In 2022, steel industrial valves held the highest market share. Steel industrial valves are currently being driven by rising demand for high-quality industrial valves in the food and beverage, chemicals, pharmaceutical, and metals and mining industries to mitigate the threat of contamination, and a similar trend is expected to continue during the forecast period.
Key Industry Development:
In February 2023, LyondellBasell announced a 35% stake acquisition in the Saudi-based National Petrochemical Industrial Company (NATPET). While not directly related to the valve industry, it highlights growing investment in the broader Saudi petrochemical sector, potentially impacting valve demand.
In February 2023, Emerson Electric Co., a major player in the global valve industry, launched the ASCO Series 158 Gas Valve and Series 159 Motorized Actuator for burner-boiler applications. This product launch aimed to cater to a wider customer base by offering double the flow rate compared to other combustion valves.
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