Latest Study on MENA Valves Market Size 2023 and Forecast till 2030 | Consumption, Competitive Landscape, Drivers, Opportunities, Trends
The MENA Valves market is expected to approach US$ 5.8 billion by 2030, with an annual growth rate of more than 5% says RationalStat
Wilmington, Delaware, Sept. 25, 2023 (GLOBE NEWSWIRE) —
Competition Analysis and Market Structure
The Saudi economy was primarily driven by the expansion of the oil and gas industry, with the non-oil sector contributing just a small portion of the Kingdom’s GDP.
However, in its tenth development plan, the government announced steps to modify economic policies through investments in a variety of areas. It has been attempting to attract private investment in order to diversify the country’s economy and make it less reliant on oil. In the Kingdom, there are various oil and gas, refinery, and pipeline projects in the development, exploring, or construction stages. Such developments are expected to raise demand for valves in the future years.
Some of the prominent players and suppliers operating and contributing significantly to the MENA valves market growth include Alfa Laval AB, Emerson Electric Co., Flowserve Corporation, IMI Critical Engineering, Georg Fischer Ltd, Crane Co., Honeywell International Inc, Saint-Gobain, and Danfoss AS, among others.
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RationalStat has segmented the MENA valves market based on type, application, and region
- MENA Valves Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Type
- Butterfly Valve
- Ball Valve
- Globe Valve
- Gate Valve
- Plug Valve
- Others
- MENA Valves Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Application
- Industrial
- Municipal
- MENA Valves Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by RegionMiddle East & North Africa Valves Market
- Middle East
- GCC
- Bahrain
- Kuwait
- Oman
- Qatar
- Saudi Arabia
- UAE
- Iran
- Iraq
- Rest of MENA countries
- GCC
- North Africa
- Algeria
- Egypt
- Rest of North Africa
- Middle East
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Key Questions Answered in the Valves Report:
- What will be the market value of the MENA valves market by 2030?
- What is the market size of the MENA valves market?
- What are the market drivers of the MENA valves market?
- What are the key trends in the MENA valves market?
- Which is the leading region in the MENA valves market?
- What are the major companies operating in the MENA valves market?
- What are the market shares by key segments in the MENA valves market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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