Expanding renewable energy sector, robust mining
industry and booming LNG gas production to drive Australia industrial valves
market through 2023
According to TechSci Research report, “Australia
Industrial Valves Market By Product Type, By End User, Competition Forecast
& Opportunities, 2013 – 2023”, industrial valves market in Australia is
projected to grow at a CAGR of 14.5% during 2018-2023. Key factors expected to
drive this growth include shift in focus from non-renewable to renewable
resources such as hydro, wind and
biomass for power generation, expanding water and wastewater management
industry, and growing mining activities in the country. Moreover, Australia is
anticipated to boost Liquid Natural Gas (LNG) production in the
coming years in order to compete for the number one spot with Qatar. Rising
activity in LNG production is also expected to positively influence industrial
valve sales in the country over the course of next five years. Some of the
major companies operating in the country’s industrial valves market include Pentair
Flow Control International Pty Limited, AVK Australia Pty Ltd, Australian Valve
and Engineering Pty Ltd, and Australian Pipeline Valve, among others.
Browse 14 market data
Tables and 26 Figures spread through 91
Pages and an in-depth TOC on "Australia Industrial Valves Market" https://www.techsciresearch.com/report/australia-industrial-valves-market/1701.html
On the basis of type, gate valves account for the largest share in
Australia industrial valves market, owing to their extensive usage in mining, water
management and food & beverages industry. In the coming years, industrial
valves market in Queensland is anticipated to grow at the fastest pace, on the
back of high population, which is resulting in higher demand for water and
wastewater management, thereby propelling industrial valves market. Moreover, renewable
power plants are being set up in the region, which boasts huge natural
resources. Water & wastewater effluents segment is likely to be the fastest
growing end use vertical in Australia industrial valves market, backed by
increasing number of government initiatives towards wastewater treatment.
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“Increasing number of
commercial construction projects, technological advancements towards high-performance
and smart valves, and growing adoption
of industrial valves in multiple end use verticals for flow regulation
and control in piping systems are generating huge growth opportunities for
stakeholders in industrial valves market. In addition to these factors, growing
investments in power generation would positively influence Australia industrial valves market during
the forecast period.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Australia Industrial Valves Market By Product Type, By End User, Competition Forecast
& Opportunities, 2013 – 2023” has evaluated the future growth potential of Australia industrial valves market
and has also provided the statistics and information on market size, shares and
trends. The report will suffice in providing the
intending clients with cutting-edge market intelligence and help them in taking
sound investment decisions. Besides, the report also identifies and analyzes
emerging trends along with essential drivers and key challenges faced by the market.
About TechSci Research
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