Industrial valves and actuators are manufactured to handle high-pressure fluids or gas and to regulate electrical flowing currents. They are made to last through years of use in harsh environments. Most utilities and industries have a high requirement for heavy-duty, industrial-strength valves such as ball valves, butterfly valves, check valves, pressure valves, gate valves, diaphragm valves, and air rams. Despite the onset of the pandemic in early 2020, the growing demand for flow control equipment is expected to fuel market growth, as it did in the later part of 2020, mostly from demands by essential industries like water production and management, oil, gas, transportation, and food manufacturing.
Global industrial valve market in 2020
- Despite a rise in demand, the industrial valve market fell in the first six months of 2020 at the pandemic’s onset due to disruptions in international supply chains.
- Continuous rise in demand, replacement of manual valves with smart valves, and manufacturing units striving to increase operating efficiencies resulted in a market increase in the latter part of 2020.
- Volatility in valve material prices and erratic supply of valve materials hindered some market growth.
- Demand for pharmaceutical-based valves increased in demand and accounted for over 25% of the overall revenue share for valves. However, demand in some regions could not be met immediately due to continued disruptions in the supply chains.
Trending market demand in 2021
The growth in further urbanisation is making a significant demand for public and personal sector infrastructure developments such as power stations, internet installations, electricity grids, and water treatment plants that is driving the world valves and actuator market. Much of this urbanisation is due to large numbers of families moving to suburban or country areas to have breathing space during pandemic lockdowns.
With the rising need for non-standard actuators and valves across multiple industries, valve manufacturers are looking for ways to improve the supply chains with valve raw material distributors. Development time and fabrication prices remained stable in 2020 and will continue to do so in 2021, and perhaps beyond into 2024, as many analysts are predicting.
For 2021, an immense demand will still be for segmented valves such as self-actuated valves, specialty valves, eccentric plug valves, butterfly valves, ball valves, rotary motion valves, pinch valves, diaphragm valves, globe valves, gate valves, linear motion valves, and binary counter valves.
Master Mac 2000
For your pneumatic valves, air rams, and other cylinder parts and component needs, Master Mac 2000 is your top Australian distributor with its main office and warehouse in Brisbane. Mack Valves, exclusively Australian-made valves, is distributed solely by Master Mac 2000. For more information or enquiries, call 07 3344 711 or contact them at https://mastermac2000.com.au/.