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    Industrial Valve Market

    ID: MRFR/IA - E/6067-CR
    254 Pages
    Snehal Singh
    March 2024

    Industrial Valve Market Research Report Information by Valve (Ball Valve, Butterfly valve, Check valve, Pinch valve, Plug valve, Globe valve, Gate valve, and Others), By Material (Stainless steel, Cast iron, Alloy-based, Cryogenic, and Others), By End Use (Oil & Gas, Construction, Energy & Power, Chemicals, Food & Beverage, Water & Wastewater Treatment, Paper & Pulp, and Others), By Size (Less than 1”, 1” to 25”, 25” to 50”, and 50” and above), and by Region (North America, South America, Europe, Asia Pacific, And Middle ...

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    Industrial Valve Market Research Report – Forecast till 2032 Infographic
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    Industrial Valve Market Summary

    As per Market Research Future Analysis, the Global Industrial Valve Market was valued at USD 71,834.5 Million in 2023 and is projected to grow to USD 1,08,385.7 Million by 2032, with a CAGR of 4.68% from 2024 to 2032. Industrial valves are essential for regulating the flow of gases, liquids, and slurries across various sectors, including manufacturing, chemical processing, and water treatment. The market is driven by increasing demand from end-use industries, automation technologies, and infrastructure development, particularly in the Asia-Pacific region, which holds the largest market share.

    Key Market Trends & Highlights

    The industrial valve market is experiencing significant growth due to various factors.

    • Market Size in 2023: USD 71,834.5 Million
    • Projected Market Size by 2032: USD 1,08,385.7 Million
    • CAGR from 2024 to 2032: 4.68%
    • Asia-Pacific region expected to dominate market share due to infrastructure development.

    Market Size & Forecast

    2023 Market Size USD 71,834.5 Million
    2024 Market Size USD 74,810.9 Million
    2032 Market Size USD 1,08,385.7 Million
    CAGR (2024-2032) 4.68%

    Major Players

    Key players include Emerson Electric Co, SLB, IMI PLC, Flowserve Corporation, Trillium Flow Technologies, Crane Company, Walworth, AVK Holding A/S, Kitz Corporation, Arflu SA.

    Industrial Valve Market Trends

    GROWING DEMAND FROM END-USE INDUSTRIES

    The market for industrial valves is undergoing substantial expansion, driven by an upsurge in demand from a wide range of applied sectors. These critical factors are of the utmost importance in controlling the circulation of liquids, gases, and slurries within a system, thereby guaranteeing effective functioning in a wide range of applications. Increasing demand from end-use sectors, including water and wastewater treatment, manufacturing, chemicals, oil and gas, and power generation, is a significant factor propelling the growth of the industrial valves market.

    Increasing exploration and production activities in the oil and gas industry necessitate the use of sophisticated valve systems to regulate the flow of hydrocarbons. In a similar vein, industrial valves play a critical role in regulating the flow of chemicals and water during the water and wastewater treatment process. The power generation industry is a substantial contributor to the increasing need for industrial valves, as these parts are essential for regulating steam and other fluids within power facilities.

    AUTOMATION OF TECHNOLOGIES

    The industrial valves market is currently experiencing a significant period of change, driven primarily by the extensive implementation of automation technologies in diverse sectors. Automation has become a fundamental component in the effort to optimize processes, decrease the need for manual intervention, and increase operational efficiency. Automation is a significant catalyst for market expansion in the realm of industrial valves, as an expanding number of industries acknowledge the advantages offered by automated valve systems.

    The integration of sophisticated control systems, sensors, and communication technologies into industrial valve automation yields enhanced levels of accuracy, dependability, and agility. Real-time monitoring and control are made possible by this integration, which expedites adjustments in response to fluctuating operational parameters. The increasing need for such automated solutions is anticipated to have a substantial effect on the market for industrial valves.

    INFRASTRUCTURE DEVELOPMENT

    The significant upswing in the industrial valves market is largely attributable to the worldwide increase in infrastructure development projects. Significant global investments are being made in sectors including construction, energy, and water management, which are fundamental to economic expansion. The current upswing in infrastructure projects is significantly contributing to the increased need for industrial valves, which are essential components for controlling and regulating the passage of gases and fluids within infrastructure systems.

    A significant factor contributing to the surge in industrial valve demand is the exponential growth of urban areas. The development of energy infrastructure and water supply and effluent management systems becomes increasingly imperative in response to the expansion of urban areas. Due to their capability of controlling the passage of gas, liquids, and water, industrial valves are indispensable for the effective operation of these vital systems.

    The Global Industrial Valve Market is poised for growth, driven by increasing demand for automation and efficiency across various sectors, which underscores the critical role of valves in modern industrial applications.

    U.S. Department of Commerce

    Industrial Valve Market Drivers

    Market Growth Projections

    The Global Industrial Valve Market Industry is poised for substantial growth, with projections indicating a market size of 74.8 USD Billion in 2024 and an anticipated increase to 124.3 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 4.73% from 2025 to 2035. Such figures underscore the increasing reliance on industrial valves across various sectors, driven by technological advancements, regulatory compliance, and infrastructure development. The market's expansion reflects the critical role that valves play in ensuring operational efficiency and safety in diverse applications.

    Growing Demand from End-User Industries

    The Global Industrial Valve Market Industry experiences robust growth driven by increasing demand from various end-user sectors such as oil and gas, water and wastewater management, and power generation. These industries require reliable and efficient valve solutions to ensure the smooth operation of their processes. For instance, the oil and gas sector is projected to account for a substantial share of the market, as it relies heavily on valves for exploration, production, and transportation. This trend is expected to contribute to the market's valuation of 74.8 USD Billion in 2024, reflecting the critical role of industrial valves in supporting essential infrastructure.

    Sustainability and Environmental Concerns

    Sustainability initiatives are increasingly shaping the Global Industrial Valve Market Industry as companies strive to reduce their carbon footprint and enhance energy efficiency. The shift towards renewable energy sources, such as wind and solar, necessitates the use of specialized valves designed for these applications. Furthermore, industries are adopting eco-friendly materials and manufacturing processes to meet environmental standards. This trend is evident in the water treatment sector, where valves are essential for efficient resource management. As sustainability becomes a priority, the demand for environmentally conscious valve solutions is likely to drive market growth in the coming years.

    Regulatory Compliance and Safety Standards

    The Global Industrial Valve Market Industry is significantly influenced by stringent regulatory frameworks and safety standards imposed by governments worldwide. Industries are compelled to adopt high-quality valves that comply with these regulations to ensure safety and environmental protection. For instance, the implementation of the ISO 9001 quality management system has led to increased demand for certified valves across various sectors. This compliance not only enhances operational safety but also fosters consumer confidence. As industries prioritize adherence to regulations, the market is expected to expand, aligning with the anticipated growth trajectory towards 124.3 USD Billion by 2035.

    Technological Advancements in Valve Design

    Technological innovations play a pivotal role in shaping the Global Industrial Valve Market Industry. The introduction of smart valves equipped with IoT capabilities enhances operational efficiency and predictive maintenance. These advancements allow for real-time monitoring and control, reducing downtime and operational costs. For example, the integration of automation in valve systems is becoming increasingly prevalent, particularly in manufacturing and chemical processing sectors. As industries seek to optimize their processes, the demand for technologically advanced valves is likely to rise, contributing to a projected market growth rate of 4.73% CAGR from 2025 to 2035.

    Emerging Markets and Infrastructure Development

    Emerging markets, particularly in Asia-Pacific and Latin America, are witnessing significant infrastructure development, which is a key driver for the Global Industrial Valve Market Industry. Governments are investing heavily in upgrading water supply systems, energy infrastructure, and transportation networks, creating a surge in demand for industrial valves. For example, countries like India and Brazil are focusing on enhancing their industrial capabilities, leading to increased valve consumption. This trend is expected to propel the market forward, as the need for reliable valve solutions becomes paramount in supporting these large-scale projects.

    Market Segment Insights

    Industrial Valve Market by Valve Insights

    The Industrial Valve Market is segmented by Valve into, Ball Valves, Butterfly Valves, Check Valves, Pinch Valves, Plug Valves, Globe Valves, Gate Valves, and Others. Among these, Gate Valves are expected to dominate market revenue throughout the forecast period. Gate Valves are anticipated to be favored due to their ability to provide a full, unobstructed flow path and effectiveness in on-off applications. 

    Known for their durability, resistance to high pressures, and capacity to handle large fluid volumes, Gate Valves are projected to be crucial in industries such as oil and gas, water and wastewater management, and power generation, boosting their importance in applications requiring reliable and efficient flow control.

    Industrial Valve Market by Material Type Insights

    The Industrial Valve Market is segmented by materials, including Stainless Steel, Cast Iron, Alloy-based, Cryogenic, and others. Stainless Steel is anticipated to dominate market revenue throughout the forecast period, driven by its exceptional corrosion resistance, high strength, and durability. This material is expected to be particularly favored in harsh environments and high-pressure systems.

    The use of Stainless Steel valves is projected to grow, especially in industries such as oil and gas, chemical processing, water treatment, and pharmaceuticals, where their ability to withstand extreme conditions and maintain long-term performance is highly valued, thereby boosting market demand.

    Industrial Valve Market by End Use Insights

    The Industrial Valve Market is segmented by end use into categories such as Oil & Gas, Construction, Energy & Power, Chemicals, Food & Beverages, Water and Wastewater Treatment, Mining, Cement, Agriculture, Refining and Petrochemicals, Pulp & Paper, and others. The Oil & Gas segment is anticipated to dominate market revenue throughout the projected period. 

    This dominance is expected due to the sector's critical need for industrial valves in functions like flow control, pressure regulation, and safety assurance across extraction, transportation, and refining processes. The demand is further boosted by ongoing exploration and production activities, infrastructure development, and the need for efficient fluid management solutions.

    Industrial Valve Market by Size Insights

    The Industrial Valve Market is segmented by size into Less than 1”, 1” to 25”, 25” to 50”, and 50” and above. The 1” to 25” segment is expected to dominate the market revenue throughout the projected period. This size range is widely used across industries such as oil & gas, energy & power, chemicals, and water treatment, due to its versatility in managing fluid flow and pressure.

    The anticipated growth of the 1” to 25” segment is driven by its balance of capacity and manageability, making it ideal for both industrial processes and infrastructure projects, thus boosting its popularity in the market.

    Get more detailed insights about Industrial Valve Market Research Report – Forecast till 2032

    Regional Insights

    The Industrial Valve Market, segmented by region, includes North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The Asia-Pacific region currently holds the largest market share and is projected to account for significant revenue during the forecast period. This rapid growth is driven by the expanding oil & gas, energy & power, and water and wastewater treatment equipment industries in Asia-Pacific. 

    The increasing demand for industrial valves is anticipated to be boosted by significant infrastructure development, a booming industrial sector, and substantial investments in oil and gas exploration. Additionally, the region's focus on improving water management and environmental sustainability is expected to further drive the adoption of industrial valves.

    Key Players and Competitive Insights

    Key market players are emphasizing significantly on R&D for increasing their product offerings, which will further help the Industrial Valve Market to grow considerably. Market players are adopting several business development strategies such as acquisitions, mergers, collaborations, and partnerships to enhance their market presence and acquire a larger customer base. To survive in the competitive market, industry players must provide cost effective products.

    The Industrial Valve Market is very competitive with market players trying to develop unique and innovative products and solutions, which could render the competitors’ offerings obsolete. The competitive environment is likely to grow further owing to rising technological advancements. Some of the key players operating in the Industrial Valve Market are Emerson Electric Co, SLB, IMI PLC, Flowserve Corporation, Trillium Flow Technologies, Crane Company, Walworth, AVK Holding A/S, Kitz Corporation, Arflu SA. To increase their global reach and client base, key firms are concentrating on partnership and product innovation.

    SLB: SLB, previously referred to as Schlumberger, is a worldwide frontrunner in energy sector technology. Since its founding in 1926, the company has changed from being a leader in oilfield services to a multifaceted supplier of solutions for the whole energy sector. SLB is actively exploring alternative energy sources, including geothermal and carbon capture and storage, even though it is still a key player in the exploration, production, and processing of oil and gas. Their emphasis on decarbonization places them at the forefront of the energy transition and is consistent with international climate goals.

    SLB has state-of-the-art technologies in digital solutions, data analytics, drilling automation, and reservoir characterization. They are able to reduce their environmental effect, increase efficiency, and maximize energy production as a result. SLB is a genuinely global firm, with operations in over 100 countries and a staff that almost doubles that number. This enables them to work with a variety of partners and adjust to local requirements while keeping their shared vision. They are actively lessening their environmental impact and creating products to support their clients in doing the same.

    This commitment covers social responsibility and community involvement in addition to carbon reduction.

    Emerson Electric Co: Emerson Electric Co., founded in 1890, is a prominent technology enterprise on an international scale. Originally established as a local producer of electric motors and fans, the company is now a diverse provider of technological solutions for the commercial, industrial, and residential markets. It was founded in St. Louis, Missouri. Emerson offers a wide range of products, including electrical distribution equipment, industrial valves and equipment, process control software and systems, measurement and analytical instrumentation, and much more. They also provide a variety of services, such as automation, training, modernization and migration, and post-project support.

    Emerson is a reliable partner for businesses in a variety of industries because of their emphasis on innovation and teamwork.

    Their extensive industry knowledge and global reach enable them to create all-encompassing solutions that tackle the difficulties of the unprtoday's unpredictable and complex marketsiness sells its goods under several well-known brands, such as RIDGID, Emerson, Grind2Energy, InSinkErator, Badger, and ProTeam. These brands are well-known for their effectiveness, dependability, and quality. With operations in North America, AsiaPacific, Europe, Latin America, the Middle East, and Africa, Emerson has a vast worldwide reach. They are able to stay ahead of the curve in emerging areas and provide global client service as a result.

    Key Companies in the Industrial Valve Market market include

    Industry Developments

    April 2024: Sloan Valve Company, a plumbing solutions giant based in the US, has announced that they will launch their first experience center in Gurugram, Haryana, India. The company, situated in Illinois, has begun to market its goods in India through its subsidiary, Sloan India. Sloan is an international leader in complete plumbing systems design and installation, having been in operation since as far back as 1906. It provides green and hygienic restroom enclosure systems across commercial, residential, industrial, and institutional markets. 

    June 2023: The Valtek® ValdiskTM high-performance butterfly valve from Flowserve Corporation, a top supplier of flow control goods and services to the world's infrastructure sectors, has received licensor approval to be used in pressure swing adsorption (PSA) applications.

    March 2023: SLB and Newmans Valve are collaborating in North and South America to improve consumer access to NEWCO globe, gate, and check valves. With an emphasis on providing these valves for projects and maintenance, repair, and operations (MRO) in a reasonable manner, Newmans will oversee the marketing, quoting, customer support, and order fulfilment for NEWCO valves. Western Hemisphere clients will profit from Newmans Valve's dedicated stocking inventory and laser-like attention to the NEWCO valve market.

    Future Outlook

    Industrial Valve Market Future Outlook

    The Global Industrial Valve Market is projected to grow at a 4.73% CAGR from 2024 to 2035, driven by increasing automation, infrastructure development, and environmental regulations.

    New opportunities lie in:

    • Invest in smart valve technologies to enhance operational efficiency and data analytics capabilities.
    • Expand product lines to include eco-friendly materials, catering to sustainability-focused industries.
    • Leverage digital marketing strategies to penetrate emerging markets with tailored solutions.

    By 2035, the market is expected to exhibit robust growth, positioning itself as a leader in industrial automation solutions.

    Market Segmentation

    Industrial Valve Market Size Outlook

    • Less than 1”
    • 1” to 25”
    • 25” to 50”
    • 50” and above

    Industrial Valve Market Valve Outlook

    • Ball Valves
    • Butterfly valve
    • Check valve
    • Pinch valve
    • Plug valve
    • Globe valve
    • Gate valve
    • Other Valve

    Industrial Valve Market End Use Outlook

    • Oil & Gas
    • Construction
    • Energy & Power
    • Chemicals
    • Food & Beverages
    • Water and Waste Water Treatment
    • Mining
    • Cement
    • Agriculture
    • Refining and Petrochemicals
    • Pulp & Paper
    • Other End-Use

    Industrial Valve Market Regional Outlook

    • US
    • Canada
    • Mexico

    Industrial Valve Market Material Type Outlook

    • Stainless Steel
    • Cast Iron
    • Alloy-based
    • Cryogenic
    • Other Materials

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD  71,834.5 Million
    Market Size 2024 USD  74,810.9 Million
    Market Size 2032 USD  1,08,385.7 Million
    Compound Annual Growth Rate (CAGR) 4.68% (2024-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2018 & 2022
    Forecast Units Value (USD Million) and Volume (Kilotons)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Valve, Material Type, End Use, Size and Region
    Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa and South America
    Countries Covered US, Canada, Germany, France, UK, Italy, Spain, Russia, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, South Africa
    Key Companies Profiled Emerson Electric Co, SLB, IMI PLC, Flowserve Corporation, Trillium Flow Technologies, Crane Company, Walworth, AVK Holding A/S, Kitz Corporation, Arflu SA
    Key Market Opportunities ·       Focus On Safety and Sustainability ·       Innovation In Materials and Design
    Key Market Dynamics ·       Growing Demand from End-Use Industries    ·       Automation Of Technologies ·       Infrastructure Development             

    Market Highlights

    Author
    Snehal Singh
    Assistant Manager - Research

    High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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    FAQs

    How much is the Industrial Valve Market in 2023?

    Industrial Valve Market Size US$ 71,834.5 Million in 2023.

    What is the growth rate (CAGR) of the Industrial Valve Market?

    Growth rate (CAGR) of the Industrial Valve Market 4.68% by 2032.

    Which region held the largest market share in the Industrial Valve Market?

    Asia Pacific held the largest market share in the Industrial Valve Market.

    Who are the key players in the Industrial Valve Market?

    key players in the Industrial Valve Market are: Emerson Electric Co, SLB, IMI PLC, Flowserve Corporation, Trillium Flow Technologies, and Others.

    Which Valve had the largest market share in the Industrial Valve Market 2022?

    Gate Valve Valve had the largest market share in the Industrial Valve Market 2022.

    Which Material Type had the largest market share in the Industrial Valve Market?

    Stainless Steel Material Type had the largest market share in the Industrial Valve Market.

    Which End Use had the largest market share in the Industrial Valve Market?

    Oil & Gas End Use had the largest market share in the Industrial Valve Market.

    Which Size had the largest market share in the Industrial Valve Market?

    1” to 25” Size had the largest market share in the Industrial Valve Market.

    Industrial Valve Market Research Report – Forecast till 2032 Infographic
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