Market Reports On Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Industrial Valves Market” under Heavy Industry category. The Saudi Arabia Industrial Valves Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
Saudi Arabia Industrial Valves Market registered a major decline in 2017 attributed to decreasing oil prices and deteriorating economy. However, substantial investment flows in multiple sectors such as hospitality, healthcare, energy and also mega infrastructure projects are expected to boost the sales for Industrial valves over the coming years.
However, the market is further expected to bounce back over the coming years owing to recovery of oil prices, economic stability and growth of non-oil sector. Additionally, growing construction projects would further proliferate the market demand.
Saudi Arabia Industrial Valves Market is projected to grow at a CAGR of 3.3% during 2018-24. The government of Saudi Arabia has introduced several development plans such as Saudi Vision 2030 and the National Transformation Plan 2020, with the objective of accelerating growth and diversification of the economy. Such initiatives would help the non-oil sectors to grow and promote the development of commercial buildings, offices, healthcare centers and hotels in future. Hence, the market for industrial valves in the country is expected to grow substantially during the forecast period.
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Water and wastewater application registered a much higher demand for industrial valves as compared to other applications, to regulate the water flow round the clock. Being a basic component while designing of infrastructure, industrial valves are used on a large scale for regulating various functions in water and wastewater applications.
The report comprehensively covers the industrial valves market by types, applications and regions. The report provides an unbiased and detailed analysis of the on-going 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:
- Historical Market Revenue Trends for Saudi Arabia Industrial Valves Market, 2014-2017
- Market Size & Revenue Forecast of Saudi Arabia Industrial Valves Market until 2024
- Historical Market Volume Trends for Saudi Arabia Industrial Valves Market, 2014-2017
- Market Size & Volume Forecast of Saudi Arabia Industrial Valves Market until 2024
- Historical Market Volume and Revenue Trends for Saudi Arabia Industrial Valves Market, By On-Off Valves, 2014-2017
- Market Size & Volume and Revenue Forecast of Saudi Arabia Industrial Valves Market, By On-Off Valves until 2024
- Historical Market Volume and Revenue Trends for Saudi Arabia Industrial Valves Market, By Control Valves, 2014-2017
- Market Size & Volume and Revenue Forecast of Saudi Arabia Industrial Valves Market, By Control Valves until 2024
- Market Volume and Revenue Forecast of Saudi Arabia Industrial Valves Market, By Type until 2024
- Market Revenue Forecast of Saudi Arabia Industrial Valves Market, By Applications until 2024
- Market Drivers and Restraints
- Market Trends
- Industry Life Cycle & Value Chain Analysis
- Players Market Share
- Competitive Benchmarking & Company Profiles
- Key Strategic Pointers
The report provides detailed analysis of the following market segments:
- By Types:
- By Functionality:
- By Applications:
- Oil & Gas
- Water & Wastewater
- Chemical & Petrochemical
- Power & Utility
- By Regions:
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