Economic diversification by establishing new business hubs and industries coupled with the development of water and wastewater treatment plants across all the Middle Eastern countries would fuel the growth of the industrial valves market during 2018-24. The development plans such as Saudi Vision 2030, Qatar National Vision 2030, and Dubai Vision 2021 would help in setting up new industries in the region and would significantly spur the Middle East industrial valves market revenue in the near future.
According to 6Wresearch, Middle East Industrial Valves Market Size is Projected to Reach $4.7 Billion by 2024. Countries such as Saudi Arabia, Qatar, UAE, and Oman, continue to focus on improving the non-oil sectors in which wastewater petrochemical, food & beverage and chemical fertilizer industries are at the forefront for many of them. Moreover, upcoming power plant projects in the region such as Ras Alkhair Power Plant (Saudi Arabia), FEWA Coal Power Plant (UAE), Sohar 3 Power Plant (Oman) among others are expected to drive the demand for industrial valves in the energy & power application during the forecast period.
Additionally, due to heavy usage of valves in oil & gas facility and water & wastewater treatment plants, these segments remain as the key market revenue shareholders in the overall industrial valves market in the Middle East region in terms of application. Further, several Middle Eastern countries are facing water shortage and are using wastewater reuse practices which in turn is expected to strengthen the dominance of these segments even more in the coming years. Some of the key players in the Middle East industrial valves market include – Flowserve, Emerson, Bray Control, Samson Control, Cameron, AVK, NSSL, Alfa Laval, and others.
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The Middle East Industrial Valves Market report comprehensively covers the Market by functionality, On-Off valve types, Control valve types, applications, and countries. The Middle East Industrial Valves Market outlook report provides an unbiased and detailed analysis of the Middle East Industrial Valves market trends, opportunities, high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Middle East Industrial Valves Market Overview
- Middle East Industrial Valves Market Outlook
- Market Drivers and Restraints
- Middle East Industrial Valves Market Trends
- Players and Competitive Landscape
- Company Profiles
- Key Strategic Recommendations
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