Analyze the African industrial valve market

Valve is a device used for flow regulation and control in industrial or household piping system. Among them, the industrial valve market is subdivided according to its application in industry, namely: oil and gas, chemical industry, municipal administration, electric power and mining. It is expected that the African industrial valve market will become one of the fastest growing markets in the next five years. The growth of oil, gas and power application industries is expected to promote the demand for industrial valves in Africa. The application demand in water and wastewater field and the demand of petrochemical industry will also increase the demand for industrial valves in Africa.

According to relevant research estimates, the valve market in Africa and the Middle East will reach US $10 billion by 2019, and the market compound annual growth rate from 2014 to 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 growth of demand for oil and gas and power industry applications in the region is the main driving force for the growth of African industrial valve market. In terms of individual markets, it is estimated that by 2021, the scale of African industrial valve market will exceed US $4 billion. In the years leading up to 2015, Africa's oil and gas sector has been one of the largest producers of industrial valves in demand. In 2015, Africa's crude oil production was 398 million tons, and during 2011-2015, African oil and gas industry's demand for industrial valves continued to grow. However, over the past few years, global crude oil prices have fallen sharply. As a result, most African countries are now focusing on developing other industrial sectors to reduce their dependence on the oil and gas sector. At present, Africa's petrochemical, power and mining sectors also need industrial valves to support production, and investors' investment in infrastructure in these areas is also increasing. As a result, demand growth in these areas is expected to drive future demand growth for industrial valves in Africa. In 2015, ball valves had 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 markets in Africa in the past few years and are expected to continue to dominate the African market in 2021. The end use market of industrial valves in Africa includes oil and gas, electric power, chemical industry and other fields.

At present, the African industrial valve market is mainly import 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 manufacturers and supply them in the major regional markets in Africa. Industrial valve manufacturers have strategic partnerships with distributors to meet the demand for industrial valves in Africa. As a result, the increase in mergers and acquisitions, coupled with the expansion of the replacement market for industrial valves in Africa, is expected to further drive the growth of the African industrial valve market by 2021.