Global Metal Valve Manufacturing Market Was Valued At $61 Billion In 2017 According To TBRC’s Latest Report

Metal valve manufacturing market industry comprises of the manufacturing of metal valves which are used to control the flow of fluids, gases, liquids and other related fixtures and fittings. This industry also comprises in manufacturing hydraulic and pneumatic pipe and tube assemblies. The most common type of standardized valves includes linear motion, rotary, self-actuated and control valves.

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The global metal valve manufacturing market was valued at $61 billion in 2017. This can be attributed to technological advances and new product developments at competitive prices driving the metal and mineral manufacturing market.

The market can be split into industrial valve manufacturing, fluid power valve and hose fitting manufacturing, plumbing fixture fitting and trim manufacturing, other metal valve and pipe fitting manufacturing.

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China was the largest country in the market, accounting for nearly 30% of the global metal valve manufacturing market share. This is due to the large automobile and telecom manufacturing market in the country. China was followed by India and Japan as the next largest countries in the market.

The major competitors in the market are Crane, Mueller Water Products, The AVK Group (Denmark), Emerson Electric Co, and Parker Hannifin.

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