Metal valve
manufacturing market industry comprises of the manufacturing of metal valves
which are used to control the flow of fluids, gases, liquids and other related
fixtures and fittings. This industry also comprises in manufacturing hydraulic
and pneumatic pipe and tube assemblies. The most common type of standardized
valves includes linear motion, rotary, self-actuated and control valves.
The global metal valve manufacturing
market was valued at $61 billion in 2017. This can be attributed to
technological advances and new product developments at competitive prices
driving the metal and mineral manufacturing market.
The market can be split into
industrial valve manufacturing, fluid power valve and hose fitting
manufacturing, plumbing fixture fitting and trim manufacturing, other metal
valve and pipe fitting manufacturing.
China was the largest country
in the market, accounting for nearly 30% of the global metal valve
manufacturing market share. This is due to the large automobile and telecom
manufacturing market in the country. China was followed by India and Japan as
the next largest countries in the market.
The major competitors in the
market are Crane, Mueller Water Products, The AVK Group (Denmark), Emerson
Electric Co, and Parker Hannifin.
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