The sold production of globe valves of steel in France has seen significant fluctuations over the past decade. From 2013 to 2023, the volume increased from 945.62 to 1194.9 thousand kilograms, marking a 9.17% year-on-year growth in 2023 and a 4.19% CAGR over the past five years. Although there were notable dips in 2014, 2017, 2018, and 2019, the market showed a robust recovery by the end of this period.
Forecasts predict a continued upward trend, with the volume expected to reach 1681.9 thousand kilograms by 2028, reflecting a 5.38% CAGR over the next five years. This projection indicates a favorable market outlook with overall growth of 29.95% compared to 2023.
Future trends to watch for:
- Technological advancements in globe valve manufacturing
- Increased demand from emerging sectors
- Economic shifts affecting steel prices
- Impact of regulatory changes on production standards
