Detailed Explanation Of The African Industrial Valve Market

- Nov 07, 2019-

According to relevant research estimates, the valve market in Africa and the Middle East will reach 10 billion US dollars by 2019, and the compound annual growth rate of the market in 2014-2019 is expected to be 5.7%. At the same time, Africa is expected to become one of the emerging markets for industrial valves, and the region's growing demand for oil and gas and power industry applications is the main driver of growth in the industrial valve market in Africa.

stainless steel Check valve

As far as the individual market is concerned, it is expected that by 2021, the African industrial valve market will exceed $4 billion. In the years leading up to 2015, the African oil and gas sector has been one of the largest production sectors for industrial valves. In 2015, Africa’s crude oil production was 398 million tons, and during 2011-2015, the demand for industrial valves in the African oil and gas industry continued to grow. However, global crude oil prices have fallen sharply over the past few years. As a result, most African countries are now focusing on developing other industrial sectors to reduce their reliance on the oil and gas sector. At present, the African petrochemical, power and mining sectors also need industrial valves to support production, and investors are also investing in infrastructure in these areas. As a result, demand growth in these areas is expected to drive demand for industrial valves in Africa in the future.

Butterfly valve

In 2015, ball valves accounted for the highest market share in the industrial valve market in Africa. Due to the growing demand in the oil and gas development market, the market share of such valves is expected to rise further in 2021.

Nigeria and Egypt have been the largest industrial valve market in Africa in the past few years and it is expected that these countries will continue to dominate the African market in 2021. The terminal application market for industrial valves in Africa includes oil and gas, electricity, and chemical industries.

At present, the African industrial valve market is mainly imported driven. Many global industrial valve manufacturers such as Flowserve, Pentair, Emerson Process Management and Weir Group supply valves in many African countries. These companies operate in the African industrial valve market through their sales offices and channel partners in Africa. Local distributors import industrial valves from these industrial valve manufacturers and then supply them in major regional markets in Africa. Industrial valve manufacturers and distributors have strategic partnerships to meet the demand for industrial valves in Africa. Therefore, the increase in mergers and acquisitions, coupled with the expansion of the African industrial valve replacement market, is expected to further boost the growth of the African industrial valve market by 2021.