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The global industrial valves market size reached approximately USD 77.13 Billion in 2024. The market is further projected to grow at a CAGR of 4.60% between 2025 and 2034, reaching a value of USD 120.93 Billion by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
4.6%
Value in USD Billion
2025-2034
Industrial Valves Market Outlook
*this image is indicative*
Global Industrial Valves Market Report Summary | Description | Value |
Base Year | USD Billion | 2024 |
Historical Period | USD Billion | 2018-2024 |
Forecast Period | USD Billion | 2025-2034 |
Market Size 2024 | USD Billion | 77.13 |
Market Size 2034 | USD Billion | 120.93 |
CAGR 2018-2024 | Percentage | XX% |
CAGR 2025-2034 | Percentage | 4.60% |
CAGR 2025-2034 - Market by Region | Latin America | 5.0% |
CAGR 2025-2034 - Market by Country | India | 5.2% |
CAGR 2025-2034 - Market by Country | China | 4.9% |
CAGR 2025-2034 - Market by Material Type | Alloy Based | 5.4% |
CAGR 2025-2034 - Market by Valve Type | Ball Valves | 5.9% |
Market Share by Country 2024 | Germany | 4.4% |
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.
“Industrial Valves Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Breakup by Material Type
Breakup by Valve Type
Breakup by Application
Breakup by Region
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.
CAGR 2025-2034 - Market by | Country |
India | 5.2% |
China | 4.9% |
Saudi Arabia | 4.9% |
Canada | 4.8% |
UK | 4.5% |
USA | XX% |
Germany | 4.1% |
France | XX% |
Italy | XX% |
Japan | XX% |
Australia | XX% |
Brazil | XX% |
Mexico | XX% |
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 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.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
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.
*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.*
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The market reached a value of approximately USD 77.13 Billion in 2024.
The market is projected to grow at a CAGR of 4.60% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 120.93 Billion by 2034.
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.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
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 |
|
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