Africa Industrial Valves Market to Surpass $4 Billion by 2021
Recovering oil & gas sector and growing focus
towards industrial expansion by various countries in the region to drive demand
for industrial valves in Africa through 2021
According to a recently published
TechSci Research report “Africa Industrial Valves Market By Type, By End User, By Country,
Competition Forecast and Opportunities, 2011 – 2021”, industrial
valves market in Africa is forecast to surpass USD4 billion by 2021. Oil & gas sector in Africa has
been one of the highest demand generator for industrial valves over the past
few years. Crude oil production in Africa stood at 398 million tonnes in 2015. Thus,
boosting demand for industrial valves in the region during 2011-2015. However, crude
oil prices significantly declined globally, over the past few years.
Consequently, majority of Africa countries are now focusing on developing other
industrial sectors, in order to reduce dependence on oil & gas sector. Petrochemical,
power and mining sectors also require valves for various industrial purposes,
and investment in these sectors are also rising to further develop infrastructure
of these sectors. Therefore, aforementioned factors are anticipated to fuel
demand for industrial valves in Africa 2016-2021.
Browse 17 market data Tables and 42 Figures
spread through 143 Pages and an in-depth TOC on "Africa Industrial Valves Market"
https://www.techsciresearch.com/report/africa-industrial-valves-market-by-type-ball-valve-gate-valve-etc-by-end-user-oil-gas-power-etc-by-country-nigeria-egypt-angola-algeria-south-africa-morocco-and-rest-of-africa-competition-forecast-and-opportunities/921.html
Ball valves
garnered highest market share in Africa
industrial valves market in 2015, and market share of this valve type is
further anticipated to rise through 2021, owing to growing demand from oil
& gas production sites. Nigeria and Egypt were the largest
industrial valves market in Africa over the past few years, and these countries
are further forecast to continue dominate the market through 2021. Leading end
users of industrial valves in Africa are oil & gas, power, chemical, etc.,
as valves are used to control and manage the flow of liquid or gas in the
respective industry.
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“Industrial valves market in Africa
is majorly import driven, as various global industrial valve manufacturers such
as Flowserve, Pentair Ltd., Emerson Process Management and Weir Group supply
valves in number of African countries. These companies operate in Africa
industrial valves market through their sales offices and channel partners. Local
distributors import industrial valves from these industrial valve manufacturers
and then supply them in the regional market. The manufacturers of industrial
valves have strategic partnership with distributors, in order cater demand for
industrial valves in Africa. Thus, rising mergers and acquisitions, coupled
with expanding industrial valves replacement market in Africa are further
expected to boost growth in Africa industrial valves market through 2021.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Africa Industrial Valves Market By
Type, By End User, By Country, Competition Forecast and Opportunities, 2011 –
2021” has evaluated the future growth
potential of industrial valves market in Africa and provided statistics and
information on market structure, industry behavior and trend. The report
includes market projections and demand forecasting. The report is intended to
provide cutting-edge market intelligence and help decision makers to take sound
investment evaluation. Besides, the report also identifies and analyses
emerging trends along with essential drivers, challenges and opportunities
available in industrial valves market in Africa.
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