Industrial Segment to Dominate UAE Valves Market During Forecast Period
Industrial infrastructure
development projects, repair & renovation of existing industries and
expansion in the gas pipeline network to propel the growth of UAE valves market
According to
TechSci Research report, “UAE Valves Market By Type, By End Use,
Competition, Forecast & Opportunities, 2024” the UAE valves market is
expected to exhibit robust growth during the forecast period owing to the increase
in their demand in industrial sector to control the flow of fluids. Additionally,
factors such as increased sales of passenger cars, replacement of LPG as a
cooking fuel, increasing urbanization, increased demand for infrastructure and
consumer goods coupled with the government’s support are further expected to
propel the market during forecast period. However, due to the presence of
numerous manufacturers in the country there is no fixed price followed for
production, which can hamper the growth of market during forecast period.
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The UAE
valves market is segmented based on type, end use, company and region. Based on
type, the market can be categorized into ball valve, butterfly valve, gate
valve, solenoid valve, diaphragm valve, piston valve and others. The butterfly
valve type is expected to witness growth during forecast period owing to its extensive
usage in the oil & gas industry. The increase in exploration &
upgradation activities due to substantial investments in pipelines and
refineries in the oil & gas industry are further projected to fuel the
demand for butterfly valves.
ANBI General
Trading LLC, Camtech Manufacturing FZCO, ValTorque Valves Trading LLC, FITOK
Group, KSB Service LLC, VAG Valves Middle East DMCC, McWane Gulf, Petrotech
Enterprises FZE, VBG Intech Valves Manufacturing LLC, Apollo Industrial Products
LLC and others are some of the leading players operating in UAE valves
market.
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“UAE valves market
is forecast to witness significant growth through 2024 owing to the upcoming
projects such as Barakah nuclear power plant, Ruwais industrial complex,
desalination plants, chemical pipelines and Al Taweelah alumina refinery along
with Abu Dhabi Economic Vision 2030. Additionally, increasing construction
activities and growing consumption of chemicals in the industrial sector are further
expected to propel the market during the forecast period” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“UAE Valves Market By Type, By End Use,
Competition, Forecast & Opportunities, 2024” has evaluated
the future growth potential of UAE valves market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers to take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in UAE
valves market.
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