Research and Markets has announced the addition of the ‘Africa Industrial Valves Market By Type, By End User, By Country, Competition Forecast and Opportunities, 2011 – 2021’ report to their offering.
The industrial valves market in Africa is forecast to surpass US$4 billion by 2021. Africa industrial valves market has been segmented on the basis of type into ball valve, gate valve, globe valve, butterfly valve, plug valve and others.
In Africa, industrial valves are being predominantly used at oil and gas production sites, in order to regulate flow of crude oil and natural gas. Moreover, industrial valves are deployed in oil and gas pipelines network to manage the flow within the network. With oil and gas sector being one of the major revenue generating sectors for most of the major African economies such as Nigeria, Egypt and Algeria, demand for industrial valves continues to witness consistent rise in the region.
Over the past few years, various African countries have also increased their focus on developing other industrial/non-oil sectors. Anticipated rise in investments for strengthening and expanding industrial infrastructure is also expected to boost demand for industrial valves in the region through 2021. Major global industrial valve manufacturers operating in Africa through their sales offices and channel partners include Flowserve, Pentair Ltd., Emerson Process Management, and Weir Group.
Moreover, ball valve and gate valve dominated Africa industrial valves market, as these valves cumulatively garnered a market share of over 40% in 2015, and these valves are further anticipated to continue their dominance in the coming years as well. Furthermore, Nigeria and Egypt were the largest industrial valves markets in Africa over the last five years, and these countries are forecast to continue their market dominance through 2021.
Read the article online at: https://www.worldpipelines.com/business-news/06032017/forecasting-africas-industrial-valves-market/