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Global Industrial Valves Market Size, Share, Forecast: By Material Type: Cast Iron, Steel, Alloy Based; By Valve Type: Ball Valves, Butterfly Valves, Gate Valves, Globe Valves, Check Valves, Others; By Application: Oil and Gas, Water and Wastewater, Chemical, Food and Beverage, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Industrial Valves Market Outlook
The global industrial valves market size reached approximately USD 77.13 billion in 2023. The market is further projected to grow at a CAGR of 4.6% between 2024 and 2032, reaching a value of USD 115.95 billion by 2032.
Key Trends in the Market
Industrial valves refer to mechanical devices that are used for regulating, controlling, and directing the flow and pressure of fluids, gases, or slurries within a system. They partially obstruct the flow which helps in system balancing and are essential components of piping systems. The valves differ in operation, design, and size and are used for a wide range of applications.
- Increasing applications of industrial valves across various sectors including energy, manufacturing, oil and gas, water and wastewater, and chemicals as an essential component is supporting the rapid growth of the market. Moreover, rising infrastructural developments such as water treatment facilities and power generation plants due to increasing population are further boosting the industrial valves market demand.
- Adoption of energy-efficient and eco-friendly industrial valves by global consumers has increased owing to the rising sustainability initiatives and environmental regulations all across the world. The increasing efforts of the key market players towards the development of environment friendly valve materials and designs are expected to support the market expansion over the forecast period.
- New innovations and advancements in valve technologies are anticipated to reduce maintenance costs and also enhance the process control of the technology. Developments such as integration of smart actuators, automation, and sensors with industrial valves are aiding in improving their performance, reliability, and accuracy.
Global Industrial Valves Market Analysis
Based on material type, the market is divided into cast iron, steel, and alloy based. By valve type, the market is classified into ball valves, butterfly valves, gate valves, globe valves, and check valves, among others.
By application, the market is categorised into oil and gas, water and wastewater, chemical, and food and beverage, among others. Based on region, the industrial valves market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Schlumberger Limited
- Emerson Electric Co.
- AVK Holding A/S
- The Weir Group plc
- Metso Corporation
- The Flowserve Corporation
- Crane Co.
- Avcon Controls Pvt. Ltd.
- Forbes Marshall Pvt. Ltd.
- IMI plc
- Others
Market Share by Material Type
Steel accounted for a significant industrial valves market share during the historical period and is expected to grow further over the forecast period owing to the rising demand for steel industrial valves. Steel offers advantageous mechanical properties and good resistance against cracking and corrosion, increasing the popularity of industrial valves obtained from steel among manufacturers. Different steel types offer different advantages such as carbon steel provides both high and low temperature strength, allowing the utilisation of valves obtained from carbon steel in extreme temperature and pressure.
Market Share by Region
The Asia Pacific is anticipated to hold a significant share of the market owing to the increasing urbanisation and rising demand for improved wastewater treatment systems in the region. The deployment of advanced water and wastewater treatment techniques allows the removal of suspended solids, enhancing the water quality and making is suitable for various commercial and residential applications. The integration of industrial valves with internet of things by the pharmaceutical sector in China for optimising a broad spectrum of tasks is expected to boost the industrial valves market growth in the Asia Pacific.
Competitive Landscape
Schlumberger Limited was founded in 1926 and is headquartered in Texas, United States. The oilfield services providing company offers technology for drilling, reservoir characterisation, processing, and production to the oil and gas sector.
Emerson Electric Co. is a multinational company that was founded in 1890 and is headquartered in Missouri, United States. The company is known for providing their customers with engineering products and services for industrial and commercial applications.
AVK Holding A/S was established in 1941 and has its headquarters located in Midtjylland, Denmark. The industrial group produces and markets valves, hydrants, and accessories for water and gas distribution networks, fire protection, and wastewater treatment.
Other industrial valves market players include The Weir Group plc, Metso Corporation, The Flowserve Corporation, Crane Co., Avcon Controls Pvt. Ltd., Forbes Marshall Pvt. Ltd., and IMI plc, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Material Type |
|
| Breakup by Valve Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Industrial Valves Market Analysis
8.1 Key Industry Highlights
8.2 Global Industrial Valves Historical Market (2018-2023)
8.3 Global Industrial Valves Market Forecast (2024-2032)
8.4 Global Industrial Valves Market by Material Type
8.4.1 Cast Iron
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Steel
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Alloy Based
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Industrial Valves Market by Valve Type
8.5.1 Ball Valves
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Butterfly Valves
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Gate Valves
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Globe Valves
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Check Valves
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Industrial Valves Market by Application
8.6.1 Oil and Gas
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Water and Wastewater
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Chemical
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Food and Beverage
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Industrial Valves Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Industrial Valves Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Industrial Valves Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Industrial Valves Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Industrial Valves Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Industrial Valves Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code: 8481)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Schlumberger Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Emerson Electric Co.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 AVK Holding A/S
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 The Weir Group plc
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Metso Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 The Flowserve Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Crane Co.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Avcon Controls Pvt. Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Forbes Marshall Pvt. Ltd.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 IMI plc
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Industrial Valves Market: Key Industry Highlights, 2018 and 2032
2. Global Industrial Valves Historical Market: Breakup by Material Type (USD Billion), 2018-2023
3. Global Industrial Valves Market Forecast: Breakup by Material Type (USD Billion), 2024-2032
4. Global Industrial Valves Historical Market: Breakup by Valve Type (USD Billion), 2018-2023
5. Global Industrial Valves Market Forecast: Breakup by Valve Type (USD Billion), 2024-2032
6. Global Industrial Valves Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Industrial Valves Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Industrial Valves Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Industrial Valves Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Industrial Valves Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Industrial Valves Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Industrial Valves Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Industrial Valves Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Industrial Valves Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Industrial Valves Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Industrial Valves Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Industrial Valves Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Industrial Valves Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Industrial Valves Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Industrial Valves Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 77.13 billion in 2023.
The market is projected to grow at a CAGR of 4.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 115.95 billion by 2032.
The major market drivers include integration of digital technologies with industrial valves, presence of strict environmental regulations, and growing emphasis on water and wastewater treatment.
The key trends fuelling the growth of the market include rising infrastructural development and growing demand for energy efficient and eco-friendly industrial valves.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant material types include cast iron, steel, and alloy based.
The key players in the market are Schlumberger Limited, Emerson Electric Co., AVK Holding A/S, The Weir Group plc, Metso Corporation, The Flowserve Corporation, Crane Co., Avcon Controls Pvt. Ltd., Forbes Marshall Pvt. Ltd., and IMI plc, among others.
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