Slide Valve Market: Introduction
- Industrial valves include several types of valves that are able to regulate the flow of fluids and gases required in industrial processes. Among the various types of industrial valves, slide valves are designed for original equipment manufacturer (OEM) applications, process safety, process control, and various other end-use applications. These valves open and close a passage by sliding over a port. Consequently, slide valves are utilized in steam engines to let steam to the piston and release. Therefore, market for slide valve is estimated to expand during the forecast period.
Key Drivers and Opportunities of the Global Slide Valve Market
- Slide valves are used in various end-use industries owing to the multiple benefits they offer, such as automatic hydronic balancing, temperature stability, and high control authority. These are projected to boost the slide valve market during the forecast period.
- Moreover, manufacturers offer customized designs that suit customer requirements. This is also a key factor that is anticipated to drive the global slide valve market during the forecast period.
- Rise in number of government regulations and number of licensed and certified slide valves offered by manufacturers is projected to offer significant opportunity for manufacturers of slide valves to launch quality products in the next few years.
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- Manufacturers are focused on enhancing their efficiency to increase their user base and expand their geographic presence. They emphasize on price, quality, and brand to compete with other manufacturers and enhance their market share. Moreover, they are focused on offering a diverse range of slide valves to various end-user industries. This is projected to increase the demand for slide valves during the forecast period.
- The COVID-19 pandemic is fluctuating the prices of raw materials, which could affect the overall cost of the product. This is likely to restraint the market during the forecast period.
Asia Pacific to Hold Major Share of Global Slide Valve Market
- In terms of geography, the global slide valve market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
- The slide valve market in Asia Pacific is projected to expand at a rapid pace during the forecast period owing to an increase in the demand for slide valves from emerging countries across the region. Expansion of major industries and rising urbanization are major factors further driving the market in the region. Furthermore, North America and Europe have dominated the market and are anticipated to retain their share in the near future. Increasing production of oil & gas and a rise in the demand for valves for gas transportation in midstream infrastructure are expected to boost the market in the next few years.
Key Players Operating in Global Slide Valve Market
- Bosch Rexroth AG
- Bsa Engineering Company
- Festo Corporation
- Flowone Co., Ltd.
- Hosoda Trading Co., Ltd.
- IMI Critical Engineering
- Ringo Valvulas S.L.
- The ARGO-HYTOS Group
- Trimech India
- WAMGROUP S.p.A.
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