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Mexico Industrial Valve Market Research Report 2023
Mexico Industrial Valve Market Size By Type (Ball, Globe, Gate, Butterfly, Plug, Check) Material (Steel, Brass, Bronze, Cast Iron, Plastic) Size (< 1”, 1”–6”, 6”–25”, 25”–50”, > 50”) Application (Oil & Gas, Power, Energy, Chemical, Water & Waste Treatment) Function (On/Off, Control, Isolation, Special Purpose) and Country Market Analysis and Forecast, 2023-2030
Mexico Industrial Valve Market Synopsis
Mexico Industrial Valve market was valued at USD 7269.94 million in 2023 and is expected to reach USD 9873.13 million by the year 2030, at a CAGR of 3.9% over the forecast period 2023- 2030
- Mexico's Industrial Valve market has grown steadily and has played an important role in supporting the country's industries. Mexico Industrial Valves are mechanical devices used to control and regulate the flow of liquids, gases, and other materials in a variety of industries, including oil and gas, power generation, water and wastewater treatment, chemicals, and manufacturing.
- Market growth has been fuelled by increasing industrialization, infrastructure development, and the expanding energy and oil and gas sectors in Mexico, among others. The demand for Mexico Industrial Valves has also been influenced by the country's strategic geographical location and trade agreements, which are important for the effective management of resource transportation and handling.
- Major international and local players have actively participated in the Mexican Mexico Industrial Valve market, offering a wide range of valve types for the needs of various industries. In addition, traction technology advances such as the integration of smart and automated valves have helped industries optimize processes and improve operational efficiency.
Top Key Players Involved Are:
"Conval Sa de Cv (Mexico), Valvtronic S.A. de C.V. (Mexico), Válvulas Worcester de México S.A. de C.V. (Mexico), Tyco Flow Control Mexico S de RL de CV (Mexico), Válvulas Mafrodi S.A. de C.V. (Mexico), Válvulas Apolo S.A. de C.V. (Mexico), Hiter Valve Control S.A. de C.V. (Mexico), Metalmatrix International S.A. de C.V. (Mexico), Válvulas Tylsa S.A. de C.V. (Mexico), Válvulas OCV S.A. de C.V. (Mexico), TAPFLO México (Mexico), Válvulas Ross (Mexico), Válvulas Hercsa (Mexico), Válvulas Multivalvulas (Mexico), Válvulas Fortec (Mexico), VALVTRONICS (Mexico), Válvulas del Norte (Mexico), Válvulas Especiales Mexicana (Valesa) (Mexico), REXA México (Mexico), Válvulas DVC México (Mexico) and other major key players."
The Mexico Industrial Valve Market Trend Analysis
Trade Agreements Drive Valve Demand
- Mexico's participation in trade agreements, particularly NAFTA and its successor USMCA has increased the demand for Mexico Industrial Valves. These trade agreements opened access to international markets and gave Mexican industry better opportunities to export its products, including Mexico Industrial Valves, to the United States and Canada. Thanks to the reduction of trade barriers and favourable trade conditions, Mexican valve manufacturers were able to expand their market area and take advantage of the large consumer base in their neighbouring countries.
- When the USMCA went into effect in July 2020, various aspects of NAFTA were reformed and updated. The revised agreement included new trade and investment provisions that created a more stable and predictable business environment. This increased certainty encouraged companies to make long-term investments and partnerships that increased the demand for Mexico Industrial Valves to support Mexico's growing industries.
Smart Valves Boost Efficiency
- The integration of smart and automated valves is a significant technological advance that will bring transformative benefits to various industries. With advanced sensing, communication and control capabilities, smart valves enable efficiency and streamlining of industrial optimization. These valves can automatically adjust flow rates, pressures and other parameters based on real-time data, ensuring accurate and reliable control of fluid systems.
- The introduction of smart valves helps reduce maintenance costs and downtime. Valves can proactively monitor their performance and condition, providing valuable information to enable predictive maintenance. This proactive approach helps identify potential problems before they escalate into serious problems, allowing industries to plan maintenance more effectively and avoid costly unexpected downtime.
Segmentation Analysis of The Mexico Industrial Valve Market
Mexico Industrial Valve market segments covers the Type, application, and end-users. By Application, the Water & Waste Treatment segment is Anticipated to Dominate the Market Over the Forecast Period.
- In the Mexican Mexico Industrial Valve market, water and waste management applications are critical. Due to the country's growing population and increasing industrial activity, efficient water and waste systems are essential for sustainability and environmental protection. Mexico Industrial Valves play an important role in this field, enabling precise control and regulation of fluid flow to ensure an efficient water treatment process and proper disposal of waste.
- In water treatment applications, valves are used at various stages of the process, including pumping stations, filtration, disinfection and distribution. Valves, check valves, and butterfly valves are commonly used to control water flow and maintain system integrity.
- In waste treatment, Mexico Industrial Valves help direct the flow of wastewater through various treatment steps, including screening, settling, aeration and disinfection. The use of reliable valves in this application is critical to avoid leakage and contamination of the surrounding environment. In addition, smart valves with remote monitoring and diagnostic capabilities can improve efficiency by allowing operators to quickly identify and resolve problems, reducing maintenance and operating costs.
Country Analysis of The Mexico Industrial Valve Market
Nuevo León is Expected to Dominate the Market Over the Forecast Period.
- Located in Nuevo León, Mexico, the Mexico Industrial Valve market is an important part of the state's industrial landscape. Nuevo León is one of the most economically developed states of Mexico and is known for its various industrial sectors such as manufacturing, steel, automotive, aerospace and energy. Therefore, the demand for Mexico Industrial Valves in Nuevo León is important, since these mechanical devices play a key role in regulating fluid flow and ensuring the efficient and safe operation of various industrial processes.
- Due to the significant industrial activity of the state, Nuevo León has a strong presence of valve manufacturers and suppliers. Local companies serve the needs of various industries in the state and also export valves to other parts of Mexico and international markets. In addition, the state's strategic location and well-developed transportation infrastructure make it an ideal distribution and logistics hub, further supporting the growth and accessibility of the Mexico Industrial Valve market in Nuevo León.
- The market dynamics of Nuevo León are influenced by factors such as industrial growth, infrastructure development and technological progress. As the industry evolves and embraces automation and smart technologies, there is an increasing focus on the use of advanced valves that increase efficiency, reliability and safety.
Source: Statista
The graph shows that, Between 2017 and 2021, the revenue of the "Metal valves manufacturing" industry in Mexico exhibited a trend, and it is anticipated that the industry's revenue will reach around 0.4 billion U.S. Dollars by the end of 2021.
Covid-19 Impact Analysis on Mexico Industrial Valve Market
- The COVID-19 pandemic has had a significant negative impact on the Mexican Mexico Industrial Valve market. Due to the spread of the virus and the strict containment measures imposed to contain it, disruptions occurred in many Mexican industries, resulting in reduced demand for Mexico Industrial Valves. The economic downturn caused by the pandemic has reduced investment in infrastructure projects and industrial activity, causing delays or cancellations of projects that would otherwise have increased demand for valves.
- Lockdowns and restrictions have also affected the supply chain and manufacturing processes. Many valve manufacturers have faced challenges in sourcing raw materials and components, causing delays in production and increased costs. In addition, transportation and logistics constraints hindered valve distribution, further affecting market activity.
- Due to the uncertainty and financial constraints facing industries during the pandemic, many companies prioritized cost-saving measures, which often included delaying or reducing valve replacement and renovation projects. This decision further reduced demand for Mexico Industrial Valves in Mexico during the pandemic.
Top Key Players Covered in The Mexico Industrial Valve Market
- Conval Sa de Cv (Mexico)
- Valvtronic S.A. de C.V. (Mexico)
- Válvulas Worcester de México S.A. de C.V. (Mexico)
- Tyco Flow Control Mexico S de RL de CV (Mexico)
- Válvulas Mafrodi S.A. de C.V. (Mexico)
- Válvulas Apolo S.A. de C.V. (Mexico)
- Hiter Valve Control S.A. de C.V. (Mexico)
- Metalmatrix International S.A. de C.V. (Mexico)
- Válvulas Tylsa S.A. de C.V. (Mexico)
- Válvulas OCV S.A. de C.V. (Mexico)
- TAPFLO México (Mexico)
- Válvulas Ross (Mexico)
- Válvulas Hercsa (Mexico)
- Válvulas Multivalvulas (Mexico)
- Válvulas Fortec (Mexico)
- VALVTRONICS (Mexico)
- Válvulas del Norte (Mexico)
- Válvulas Especiales Mexicana (Valesa) (Mexico)
- REXA México (Mexico)
- Válvulas DVC México (Mexico)
Key Industry Developments in the Mexico Industrial Valve Market
In June 2023, Paladon Systems announced the readiness to dispatch the initial shipment of hydraulic spring return actuators for the Hocki Project in Mexico. The actuators, specifically the HYS-8-12-SRC6F-HW model, are equipped with a handwheel, enabling manual operations when needed.
In April 2022, ITT Inc. successfully acquired privately held Habonim for $140 million in an all-cash transaction. As part of ITT's Industrial Process (IP) segment, Habonim contributes to ITT's portfolio and industrial growth. The transaction was completed in the second quarter of 2022, and ITT estimates that the purchase will have a positive impact on the group's EBITDA percentage in the future.
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Frequently Asked Questions
What would be the forecast period in the Industrial Valve Market research report?
The forecast period in the Industrial Valve Market research report is 2023-2030.
Who are the key players in Industrial Valve Market?
Conval Sa de Cv (Mexico), Valvtronic S.A. de C.V. (Mexico), Válvulas Worcester de México S.A. de C.V. (Mexico), Tyco Flow Control Mexico S de RL de CV (Mexico), Válvulas Mafrodi S.A. de C.V. (Mexico), Válvulas Apolo S.A. de C.V. (Mexico), Hiter Valve Control S.A. de C.V. (Mexico), Metalmatrix International S.A. de C.V. (Mexico), Válvulas Tylsa S.A. de C.V. (Mexico), Válvulas OCV S.A. de C.V. (Mexico), TAPFLO México (Mexico), Válvulas Ross (Mexico), Válvulas Hercsa (Mexico), Válvulas Multivalvulas (Mexico), Válvulas Fortec (Mexico), VALVTRONICS (Mexico), Válvulas del Norte (Mexico), Válvulas Especiales Mexicana (Valesa) (Mexico), REXA México (Mexico), Válvulas DVC México (Mexico) and Other Major Players.
What are the segments of the Industrial Valve Market?
The IMR Market is segmented into Type, Material, Size, Application, and Function. By Type, the market is categorized into Ball, Globe, Gate, Butterfly, Plug, and Check. By Material, the market is categorized into Steel, Brass, Bronze, Cast Iron, and Plastic. By Size, the market is categorized into < 1”, 1”–6”, 6”–25”, 25”–50”, and> 50”. By Application, the market is categorized into Oil & Gas, Power, Energy, Chemical, Water & Waste Treatment. By Function, the market is categorized into On/Off, Control, Isolation, and Special Purpose.
What is the Industrial Valve Market?
Mexico's industrial valve market has grown steadily and has played an important role in supporting the country's industries. Industrial valves are mechanical devices used to control and regulate the flow of liquids, gases, and other materials in a variety of industries, including oil and gas, power generation, water and wastewater treatment, chemicals, and manufacturing.
How big is the Industrial Valve Market?
The Industrial Valve is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.
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Base Year:2022
Historical Data:2016-2022
No of Pages:300
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