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Middle East Industrial Valve Market by Type (Ball valves, Check valves, Butterfly valves, Gate valves, Globe Valves, Plug Valves, Diaphragm valves, Safety valves), by Material (Steel, Plastic, Cast Iron, Alloy Based, Others), by Component (Actuators, Valve body, Others), by Size (>1”, 1”-10”, 10”-25”, 25”-50”, Above 50”), by End Use (Chemical, Energy & Utilities, Construction, Metal & Mining, Agriculture, Pharmaceuticals, Food & Beverage, Pulp & Paper, Others), by Distribution Channel (Direct Sales, Indirect Sales), by Middle East & Africa (United Arab Emirates, Saudi Arabia, South Africa, Egypt, Israel, Nigeria, Kenya) Forecast 2025-2033
The size of the Middle East Industrial Valve Market was valued at USD 2.6 Billion in 2024 and is projected to reach USD 3.99 Billion by 2033, with an expected CAGR of 6.3% during the forecast period.A variety of factors converge to explain the growth. Continued industrialization of the region and the large investments into infrastructure development in particular are driving the demand for industrial valves used for flow control, pressure regulation, and safety devices. The region's strong oil & gas industry remains a solid driver of demand due to the expansion of exploration and development activities. In addition to this, government and large-sized infrastructure projects including power plants, desalination facilities, and transports are aimed at various industrial valves necessitating enormous opportunities for market players. Finally, the increased scarcity of water sources across the region is driving investment in desalination plants; requiring specific valves designed to endure high-pressure and corrosive conditions, further fueling market growth.
The Middle East industrial valve market is characterized by a fragmented structure with numerous local and global players competing for market share. Some of the key players in the market include:
The competitive landscape is expected to remain fragmented, with local players holding a significant market share in their respective countries. However, global players are also expanding their presence in the region through acquisitions, partnerships, and local manufacturing facilities.
Several key trends are shaping the Middle East industrial valve market:
Region: Saudi Arabia is expected to dominate the Middle East industrial valve market due to its large oil & gas industry, ongoing infrastructure projects, and government initiatives to promote industrialization.
Segment: The oil & gas segment is projected to account for the largest share of the Middle East industrial valve market, driven by the region's vast oil and gas reserves and ongoing exploration and development activities.
The Middle East industrial valve market is expected to grow significantly over the next few years. Increasing industrialization, infrastructure development, and rising demand from key industries are driving market growth. The market is characterized by a fragmented structure with numerous local and global players competing for market share. Key trends include the increasing adoption of automation and digital technologies, focus on sustainability, expansion of the petrochemical industry, and the rise of renewable energy projects. Saudi Arabia is expected to dominate the market, while the oil & gas segment is projected to account for the largest share.
January 2024: Emerson expands valve manufacturing facility in Saudi Arabia to meet growing demand. August 2023: Metso Outotec secures major valve order for greenfield nitrogen fertilizer complex in Egypt. December 2023: AVK Group establishes new valve production facility in UAE to serve Middle East market.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6.3% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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