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.
New York, June 30, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Gate Valve Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Valve Type, Valve Size, and Valve Size" - https://www.reportlinker.com/p06289908/?utm_source=GNW 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. The gate valve market is spread across APAC, the MEA, Europe, North America, and SAM. Market Overview: Gate valve Market 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. 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. 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. According to a report issued in March 2019 by the United Nations Organization, 74% of the world’s wastewater dumped into the environment is untreated.The need for wastewater treatment facilities has risen across the world due to the elevating concerns about untreated sewage. The best water treatment technologies and valves are used to build state-of-the-art treatment facilities.In water treatment plants, gate valves prevent water from flowing when the pumps are turned off. On the other hand, main air gate valves are mounted on the pump at high points on force to prevent the formation of vacuum pockets. Hence, the growing number of water treatment facilities is likely to create significant opportunities for the gate valve vendors. Read the full report: https://www.reportlinker.com/p06289908/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________
(Bloomberg) -- Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned.Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysCrypto Meltdown Claims Rolex and Patek Philippe as VictimsHow Europe Became the Epicenter for This Summer’s Travel ChaosThe Wheels Have Come Off Electric VehiclesUS Supreme Court’s Tumultuous Term Ends With Guns, Ro
Exxon Mobil has gained as oil prices surged and Russia attacked Ukraine, but is XOM still a buy after Q1 earnings and softening oil prices?
Some McDonald’s locations are axing the chain’s U.S. deal offering soda and other cold beverages of any size for a buck as restaurant owners try to manage a record spate of inflation.
(Bloomberg) -- Sam Bankman-Fried, the co-founder of crypto exchange FTX US who just signed a deal with BlockFi Inc., said he’s open to exploring acquisitions in the battered crypto-mining industry next. Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysCrypto Meltdown Claims Rolex and Patek Philippe as VictimsHow Europe Became the Epicenter for This Summer’s Travel ChaosThe Wheels Have Come Off Electric VehiclesUS Supreme Court’s Tumultuous Term Ends With Guns
A stock split is a way for a publicly traded company to alter its share price and outstanding share count without affecting its market cap or operating performance. Enacting a forward stock split is a way companies can make their shares more nominally affordable for retail investors who might not have access to fractional-share investing. More importantly, stock splits are viewed as a positive sign by Wall Street and investors.
Yahoo Finance's Jared Blikre explains the evolution of the airline industry from the PanAm days to today's summer travel disruptions.
Customers of China's BYD Co Ltd, the world's biggest electric vehicle (EVs) maker by sales, have taken the unusual step of urging regulators to expand a battery replacement recall to safeguard the reputation of a national champion. BYD has been a major beneficiary in the auto industry's rapid shift toward electrification, propelled by the backing of U.S. billionaire investor Warren Buffet. A maker of both electric cars and buses, BYD also builds batteries which it has portrayed as the industry's safest and which it is close to supplying U.S. EV peer Tesla Inc, BYD's executive vice president has said.
(Bloomberg) -- A measure of US manufacturing activity weakened in June to a two-year low as new orders contracted, restrained by lingering supply constraints and some softening in demand.Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysCrypto Meltdown Claims Rolex and Patek Philippe as VictimsHow Europe Became the Epicenter for This Summer’s Travel ChaosThe Wheels Have Come Off Electric VehiclesUS Supreme Court’s Tumultuous Term Ends With Guns, Roe and Protes
IBM is up while the tech industry totters
Exxon Mobil Corp. said in a filing late Friday it expects a boost of at least $2.5 billion to its bottom line in the second quarter from rising prices for oil and gas, with billions more coming from higher margins for gasoline and other energy products.
RV industry stocks slumped this week as macroeconomic outlook turns pessimistic for the next 12-16 months. Vehicle shipments are forecasted to fall 8.4% compared to 2021. Bret Jordan, managing director at Jefferies, joined Yahoo Finance Live to share his analysis.
(Bloomberg) -- Oil rose in thin trading ahead of the US holiday weekend as export disruptions in Libya exacerbated global supply concerns. Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysCrypto Meltdown Claims Rolex and Patek Philippe as VictimsHow Europe Became the Epicenter for This Summer’s Travel ChaosThe Wheels Have Come Off Electric VehiclesUS Supreme Court’s Tumultuous Term Ends With Guns, Roe and ProtestsWest Texas Intermediate rose over $108 a barre
(Bloomberg) -- Toyota Motor Corp. has used up a key US tax credit for hybrid and electric vehicles, a milestone that the automaker says will raise its costs and hinder adoption of climate-friendly cars.Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysCrypto Meltdown Claims Rolex and Patek Philippe as VictimsThe Wheels Have Come Off Electric VehiclesHow Europe Became the Epicenter for This Summer’s Travel ChaosStock Doomsayers Vindicated in Historic First Half
General Motors Co. experienced a brutal first half of 2022, seeing year-to-date sales plummet more than 17%, but there was a bright spot. The Detroit automaker (NYSE: GM) has passed Toyota in sales for the first half of 2022. On Friday, General Motors reported nearly 1.1 million sales in the first six months of the year while Toyota reported nearly 1.05 million first-half sales.
OPEC in June did not deliver on an oil output increase pledged under a deal with allies, a Reuters survey on Friday showed, as involuntary declines in Libya and Nigeria offset supply increases by Saudi Arabia and other large producers. The Organization of the Petroleum Exporting Countries (OPEC) pumped 28.52 million barrels per day (bpd) in June, the survey found, down 100,000 bpd from May's revised total. OPEC had planned to boost June output by about 275,000 bpd.
Akoya Biosciences AKYA is a life sciences company that provides spatial biology solutions focused on transforming discovery and clinical research. In this daily bar chart of AKYA, below, we can see bottoming price actions since January. The On-Balance-Volume (OBV) line shows a decline from December that looks like it ended in June.
The FTX CEO said helping rescue crypto miners might help mitigate the credit contagion in the crypto sector.
Yahoo Finance reporter Jen Schonberger discusses news that the White House is weighing the idea of stablecoin regulation that would extend beyond banks and the EU reaching a landmark deal on crypto regulation.
(Bloomberg) -- Corn is again the top US crop after soaring grain prices motivated farmers to shrug off weather woes and high fertilizer costs to plant more than expected while cutting back on soybeans. Most Read from BloombergUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysStock Doomsayers Vindicated in Historic First Half: Markets WrapThe Wheels Have Come Off Electric VehiclesDemocrats Weigh Paring Biden Tax Hike to Win Over ManchinSupreme Court Crimps Biden’s Climate Agenda With
Industrial metal prices have just seen their biggest quarter of falls in many years, with the market reflecting exposure to China's COVID lockdowns, inflation, rising interest rates and stalled growth. The speed and magnitude of the fall was unexpected and partly reflects the sale of metal such as aluminium and nickel bought in anticipation of supply disruptions to material from Russia, which did not materialise, after it invaded Ukraine. Aluminium prices on the London Metal Exchange (LME) plunged 30% in the second quarter, the largest quarterly loss since the financial crisis in 2008.