Europe Industrial Valves Industry Overview
The European industrial valve market is highly competitive, with the presence of diverse companies of different sizes. The level of competition between businesses is increasing in the market. Danfoss AS, Schlumberger Ltd, ITT Inc., Emerson Electric Co., Sirca International, Leser GmbH & Co. KG, and Flowserve Corporation are a few of the market's leading companies. These significant players currently control most of the market regarding market share. However, as technology advances, many businesses are expanding their market presence by winning new businesses and entering untapped markets.
- May 2022 - Flowserve Corporation was awarded a contract to supply ball valves and control systems to OMV's demonstration plant for chemical recycling in Schwechat, Austria. In the OMV demonstration plant, plastic waste would be converted into synthetic feedstock using Flowserve's patented ReOil technology. The project would assist Flowserve in assisting its clients in promoting decarbonization and assisting its growing business.
- April 2022 - ITT Inc. disclosed that it had paid USD 140 million to acquire Habonim, an industrial valve and actuators supplier. Habonim is expected to join the Industrial Process (IP) division of ITT. Long-term sales growth will be boosted by the company's complementary ball valve offering and focus on harsh applications in desirable end-user markets for industrial processes and ITT.
Europe Industrial Valves Market Leaders
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Danfoss A/S
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Sirca International
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Emerson Electric Co.
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Schlumberger Limited
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Flowserve Corporation
- *Disclaimer: Major Players sorted in no particular order
