Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
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.
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.
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.
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.
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.
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.
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:
|
Breakup by Material Type |
|
Breakup by Valve Type |
|
Breakup by Application |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
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.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124