The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The expansion of the oil and gas industry is likely to stimulate innovation in the manufacturing of isolation valves, boosting the market during the forecast period.

The global isolation valves market is expected to grow from $3.40 billion in 2022 to $3.57 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%.. The global isolation valve market size is expected to reach $4.42 billion in 2027 at a CAGR of 5.5%.

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Global Isolation Valves Market Segments Include:

• By Type: Ball Valves, Butterfly Valves, Knife Gate Valves, Plug Valves, Other Types
• By Operation Type: Automated Valve, Manual Valve
• By Sales Type: Original Equipment (OE), Aftermarket
• By End-Use Industry: Oil And Gas, Power Generation, Chemical And Petrochemical, Water And Wastewater, Other End-Use Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global isolation valves market in 2021.

Major Market Players in the isolation valves market include Emerson Electric Co., Orion Valves, KITZ Corporation, Spirax-Sarco Engineering PLC., Frank’s International NV, The Weir Group PLC., Flowserve Corporation, Velan Inc., Crane Company.

Product advancements are a prevalent trend in the isolation valve market. Companies in the isolation valve industry are implementing new creative products to maintain their market position. For example, in October 2020, Fike Corporation, a US-based manufacturer of industrial safety solutions that protect people and businesses against combustible dust explosions and pressure-related explosions, introduced the New Explosion Isolation Valve with Dual Flaps. Because to the swiftly closing flaps, the dual-flap isolation valve is ideal for use in both horizontal and vertical situations, near bends, and near containers. Fike DFI is also appropriate for practically any industrial application due to its ability to withstand stresses of up to 1.5 barg and its resistance to a variety of burning dusts such as ST1, ST2, and ST3.

The Isolation Valves Global Market Report 2023  provides a isolation valves market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The isolation valves market forecast analyzes isolation valves market size, isolation valves market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Isolation valves are a type of valve that prevents the flow of fluid or gas through a system. They are used to isolate pressure gauges, pressure transmitters, orifice plate pressure tapings, and various measuring devices.

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