Gate Valve Market is anticipated to record a valuation In 2028, a recent study by Premium Market Insights

The Gate Valve market is projected to reach US$ 12,988.40 million by 2028 from US$ 8,712.18 million in 2020. It is estimated to register a CAGR of 4.5% during the forecast period.

Key stakeholders in the gate valves market ecosystem include raw material suppliers, gate valves manufacturers, and end users. Raw material suppliers offer materials such as steel, iron, and aluminum for various types of gate valves, such as flexible wedge and solid wedge valves, among others. These valves are used in various end-user industries for regulating the necessary velocity through the acceleration and deceleration of fluids to the industrial equipment.

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Key Players:
1. BRAY INTERNATIONAL
2. DEZURIK, INC.
3. EMERSON ELECTRIC CO.
4. ITT INC.
5. MUELLER CO. LLC
6. ORBINOX
7. SISTAG AG
8. STAFSJ? VALVES AB
9. WEIR GROUP PLC
10. ZHEJIANG LINUO FLUID CONTROL TECHNOLOGY CO., LTD

The gate valve market is spread across APAC, the MEA, Europe, North America, and SAM.
The need for gate valves in Asia is being driven by the growing industrialization in most emerging economies in the region. Over the predicted period, gate valve usage is expected to increase significantly. China, along with other Asian countries, is the largest buyer of industrial valves, especially gate valves. Moreover, several municipal projects and government efforts for infrastructural development are expected to drive the Asia Pacific gate valve market throughout the forecast period. Furthermore, the rising demand from the petroleum industry is expected to boost the Middle East & Africa market's share during the forecast period.

Robots and other modern technologies are employed in the oil & gas sector, and the pulp and paper industry to automate complex operations. New technologies have made operations in various enterprises far more efficient and adaptable. Automation supports interoperability, information transparency, and manufacturing operations' integrity protection. Valves have been an essential component of process automation systems. Complex piping systems, variable-temperature pipes, and process pressure management are the critical performance areas regulated by valves in automated facilities. The use of valves has surged dramatically across many verticals owing to the reduced complexity associated with their installation and maintenance. Major players in the gate valves market concentrate on providing dependable valves-such as the flexible wedge, solid wedge, split wedge, or parallel disk valves-which are suitable for a range of applications. Furthermore, different end-user industries have been replacing long-standing pressure valves with newly developed safety valves capable of alleviating, lowering, sequencing, or discharging fluid pressure. Thus, the growing trend of factory automation is likely to benefit the gate valves market in the coming years.

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Market Driver: Gate valve Market
Since the beginning of the industrial revolution, technological advancements have led to a tremendous surge in industrial production capacities; as a result, the dependence of the economy on manufacturing has surged across the world. According to PricewaterhouseCoopers (PwC), growing economies, labor quality, tax policies, regulatory environments, and transportation and energy prices are the factors that have catalyzed the comeback of the manufacturing sector from the pandemic's impact. As a result of the expanding manufacturing sector, the dependent markets, including mechanical equipment providers, are flourishing. Moreover, with the emergence of new categories of consumers in developing countries, manufacturers are likely to have significant, new prospects. Innovations catalyze the evolution of demands, thus compelling manufacturers to use modern equipment, including gate valves, in manufacturing units.

Gate valves offer the necessary fluid velocity between different industrial equipment setups. Using a blade, these valves function as a component that cuts through obstructions in heavy liquids and gases. Such knife gate valves were first introduced to the pulp and paper sector to chop stringy pulp between manufacturing locations. Later, gate valves were quickly adopted by the oil & gas, wastewater treatment, mining, and electricity sectors due to their easy handling and low costs. The adoption of gate valves has subsequently risen across all production sites. These are often available in big capacities to efficiently handle heavy and viscous slurries, grease, oil, paper pulp, varnish, and wastewater flows, among others. The availability of products with technology-driven provisions further propels the gate valves market growth.

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TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Gate Valves Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Gate Valves Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Demand in Oil & Gas Sector
5.1.2 Growth in Industrialization Worldwide
5.2 Key Market Restraints
5.2.1 Concerns Regarding Raw Materials Used in Gate Valve Manufacturing
5.3 Key Market Opportunities
5.3.1 Increasing Number of Power Generation and Wastewater Treatment Facilities
5.4 Future Trends
5.4.1 Popularity of Automation
5.5 Impact Analysis of Drivers and Restraints
6. Gate Valves Market - Global Analysis
6.1 Gate Valves Market Global Overview
6.2 Gate Valves Market - Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Top 5 Market Players
7. Gate Valves Market Analysis - By Valve Type
8. Gate Valves Market - By Valve Size
9. By Application
10. Geographic Analysis
Continued…

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