Fire-Fighting Valve Market - Forecast(2024 - 2030)

The Firefighting Valves Market is estimated to surpass $ 4,960.66 million by 2024 growing at an estimated rate of CAGR 3.7% during 2018 to 2024, majorly driven by the increasing adoption of technology in advanced fire protection system and growing awareness towards safety & security concerns is set to propel the market growth in the future.

Firefighting valves are the valves which are used to control the water flow when any fire break out occurs.  These are manufactured by using the high grade quality materials. Firefighting valves are offered with some important features like reliability, rugged construction, and long service life. These firefighting valves are manufactured with certain important specifications like single outlet, usage of quality material such as gun metal, and different sizes as per the requirement. 

Increasing in the development of new technologies and different types of valves are considered as the key growth factors of the firefighting valves market. Increasing  awareness of safety precautions is one of the major factors which is driving the market. Firefighting valves market growth is  increased due to rapid industrialization and urbanization in many countries. Growing concern about life and property of an individual is set propel to the growth of the market.

This report gives an in-depth assessment of Firefighting Valves market by valve type, by operation, by industry, and by geography. The major category of the firefighting valves is valve type which includes butterfly valve, pressure reducing valves, ball valves, gate valves, UL/FM gate valves, and others.

The various applications assessed includes aerospace & defense, automobile, oil & gas, mining, water treatment, chemical & petrochemical industry, pulp & paper, food & beverage, power generation, commercial, industrial, and others. A broad range applications is in oil & gas sector where applications which are currently being explored includes safety precautions.   Growth of industrial and infrastructural activities are also one of the major driving factors for firefighting valves market and is estimated to have huge growth during the forecast period. The capital expenditure of major companies for the development of valves has also escalated significantly since the last decade.

The companies referred to in the market research report includes Akron Brass Company (U.S.), Angus Fire Ltd. (UK), American AVK Company (U.S), Shanghai Best Automation technology Ltd (China), China Valves Technology (China).

The report incorporates the competitive landscape, pricing strategies, market trends, latest developments, financial analysis, strategic analysis, and so on, to gauge the impact forces and potential opportunities of the market. It also gives a detailed account of the major developments in the market such as agreements, acquisitions, collaborations, mergers, and so on, to comprehend the prevailing market dynamics and their potential impact during the forecast period.

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