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Europe Gate Valve Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Valve Type, Valve Size, and Application

Europe Gate Valve Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Valve Type, Valve Size, and Application

  • September 2022
  • 109 pages
  • ID: 6328364
  • Format: PDF
  • The Insight Partners

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The Europe gate valve market is expected to grow from US$ 1,958.68 million in 2021 to US$ 2,701.59 million by 2028; it is estimated to grow at a 4.1% CAGR from 2021 to 2028.

In the oil & gas sector, gate valves have widespread applications in upstream, middle, and downstream operations.These valves employ a gate mechanism to completely open or close a pipeline.

These valves provide an apt solution for the regulation and maintenance of flow rates.Thus, with the flourishing oil & gas sector across the region, the gate valves market is likely to keep up its pace during the forecast period.

During the next two decades, the energy demand is expected to increase by 50%.This projected surge in demand is mainly attributed to the expanding population and rising living standards in emerging countries.

Petroleum remains a key energy source despite the burgeoning popularity of new and renewable energy sources. New refineries are being planned at several locations across Europe. As a result, the flourishing oil and gas sector is a major contributor to the gate valves market proliferation across the region.

Vendors in the Europe gate valve market can attract new customers and expand their footprints in emerging markets by providing innovative products. This is likely to drive the market at a notable CAGR during the forecast period.

Europe Gate Valve Market Revenue and Forecast to 2028 (US$ Million)

Europe Gate Valve Market Segmentation

The Europe gate valve market is segmented based on valve type, valve size, application, and country.Based on valve type, the Europe gate valves market is segmented into flexible wedge, solid wedge, and split wedge or parallel disks valve.

The solid wedge segment dominated the market in 2021.Based on valve size, the Europe gate valves market is segmented into 2" to 12", 14" to 36", and 42" and above.

The 14" to 36" segment dominated the market in 2021.Based on application, the Europe gate valves market is segmented into oil and gas, water and wastewater treatment, chemical, and others.

The oil and gas segment dominated the market in 2021. Based on country, the Europe gate valve market has been categorized into the UK, Germany, France, Italy, Russia, and rest of Europe. Germany dominated the market in 2021.

Bray International; DEZURIK, INC; Emerson Electric Co.; ITT Inc.; Mueller Co. LLC; Orbinox; Sistag AG; STAFSJö VALVES AB; and The Weir Group PLC are among the leading companies in the Europe gate valves market.

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