QYResearch: The global market for Steam Valve is expected to reach about 8.5 billion USD by 2021

Steam Valves are used in steam system to adjust or switch steam flow, filter impurity in steam, prevent steam backflow, etc. Steam valves include a lot of valves like steam trap valves, steam plunger valves, steam reducing valves, safety valves, etc.

First, for industry structure analysis, the Steam Valve industry is not concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 17.47% of the revenue market. Regionally, North America is the biggest production value area, also the leader in the whole Steam Valve industry.

Second, according to QYResearch, the production of Steam Valve increased from 48.48 million units in 2011 to 57.2 million units in 2015 with an average growth rate of 3.70%. The global market for Steam Valve is expected to reach about 8.5 billion USD by 2021 from 7.6 billion USD in 2016, registering a Compounded Annual Growth Rate (CAGR) of 2.20% during the analysis period, 2016-2021. 

Third, North America occupied 26.40% of the production market in 2015. It is followed by Europe and China, which respectively account for around 24.81% and 24.35% of the global total industry. Other countries have a small amount of production. Geographically, North America was the largest consumption market in the world, which took about 25.62% of the global consumption volume in 2015.

Fourth, for price trend analysis, a key variable in the performance of Steam Valve producers is raw material costs, specifically the speed at which any increase can be passed through to customers.

Fifth, for forecast, the global Steam Valve revenue would keep increasing with annual growth rate with 1~4%. QYResearch tend to believe that this industry still has a bright future, considering the current demand of Steam Valve.

More: http://www.qyresearchglobal.com/goods-1101283.html

This article was first released by QYResearch, if reproduced, please indicate the source.

Marketing: sales@qyresearch.com

Media Contact: press@qyresearch.com