Procurement Outlook
Industrial valves are devices that control the flow and pressure of liquids, gases, and slurries within a system. They are used in a wide range of applications. Industrial valves differ considerably in size, design, function, and operation. Following are the basic types of valves used across major industries:
Globe valves are the most common valves used to control the flow in a pipeline due to their better full-closing characteristics, shorter opening and closing time, positive shut-off.
Demand Outlook
The global industrial valves market is valued at USD 50 billion in 2020 and it is expected to grow at a CAGR of 12% from 2020 to 2025 due to high demand from the pharmaceutical and healthcare industry post-Covid-19. Industrial valves are used in manufacturing different types of medical devices. Moreover, the rising concern for better sanitation and increasing fresh investments in water supply and sanitation projects after the pandemic creates significant opportunities for the valves manufacturers in the water & wastewater treatment industry.
Cost Drivers
The valve body or enclosure, of the industrial valve, is often the largest component and hence the raw materials used in building the body are the major cost driver. Several raw materials can be used to build the body of an industrial valve based on its application. However, ductile iron, carbon steel are the most preferred raw materials in industrial valve manufacturing. Raw material cost accounts for more than 50% of the total manufacturing cost of industrial valves.
Grab your copy, or request for a free sample of the “Industrial Valves Industry Procurement Intelligence Report, published by Grand View Research” for In-depth details regarding supplier ranking and selection, sourcing, and pricing criteria & strategies.
Add-on Services provided by Grand View Research Pipeline:
Should Cost Analysis
Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process
Rate Benchmarking
Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier
Salary Benchmarking
Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.
Supplier Newsletter
A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.
Brief about Pipeline by Grand View Research:
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