The market for Process Control Valves, Gate Valves, Globe Valves, and Other Valves in Belgium, expressed in volume, reached 15.037 million kilograms in 2023. From 2013 to 2023, the market saw fluctuations with an overall growth trend. After a series of minor declines between 2013 and 2016, significant growth occurred from 2017 onwards, with the most substantial increase in 2017 at over 12%. The average annual growth rate (CAGR) from 2018 to 2023 stood at 1.57%, indicating a steady increase in market volume in recent years.
Future trends to watch for:
- Potential technological advancements improving valve efficiency and reliability.
- Increasing demand driven by industrial automation and infrastructure projects.
- Potential environmental regulations influencing material and design preferences.
How does Belgium rank in Process Control Valves, Gate Valves, Globe Valves and Other Valves Market Size Volume?
| # | 9 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 179,580,000 | 2023 | +3.21% | +1.21% | View data |
| 2 | 2 United Kingdom | 77,550,000 | 2023 | +0.19% | -0.52% | View data |
| 3 | 3 Romania | 17,235,000 | 2023 | +1.22% | +2% | View data |
| 4 | 4 Poland | 16,116,000 | 2023 | -0.72% | -0.21% | View data |
| 5 | 5 Spain | 15,127,000 | 2023 | -6.32% | -2.73% | View data |
| 6 | 6 Belgium | 15,037,000 | 2023 | +2.03% | +1.57% | |
| 7 | 7 Sweden | 9,488,600 | 2023 | +5.3% | +6.26% | View data |
| 8 | 8 Portugal | 4,410,200 | 2023 | -0.075% | -0.34% | View data |
