Global Industrial Valves Market was valued at USD 68,702.45 million in 2022 and is anticipated to grow with a CAGR of 4.96% through 2028. The flow of liquids, gases, and slurries can be managed with the help of industrial valves. You can control the flow of liquids or gases using these valves. To achieve this, pipes and other channels can be partially blocked, opened, and closed. In a nutshell, valves are mechanical devices that control the flow and pressure within a system or process. They are essential components of any piping system used to move fluids, gases, vapors, and other substances.
Growing Industrial Sector
Due to the increase in unconventional oil & gas applications and expanding pipeline installations, the downstream sector of industrial valves is expected to grow considerably. The growing significance of automation in the process industry is the cause of the rising demand for automated control valves. The market for industrial valves is largely driven by the expanding need for connected networks to maintain and monitor industrial equipment as well as the expanding specifications for the construction of new nuclear power plants and the renovation of existing systems.
Niche Applications of Valves
As ships get bigger and are used more frequently, they need to be able to generate power, handle garbage, and operate HVAC systems in addition to carrying out their basic functions. This puts a heavy burden on valves, which are crucial to the marine sector. Depending on their size and intended usage, the different valve types and numbers on board the ship would differ. Among many other advantages, valves are used to regulate and handle wastewater, distribute water for fire reasons, control the power supply on loading and storage ships, and store any liquid cargo. Valves are often employed in non-industrial settings. These might be valves found in household items like faucets or garden hoses or in medical equipment like heart valves. Owing to this latest dependence on valves in marines and residential sectors is the factor propelling the market growth in the forecast period.
Need of Replacement in the Downstream
Questions about replacement valve accessibility as well as cutting, removing, supporting, and hot-enabling access to the industrial valve manufacturer are raised by the account of replacement choice. Since valves in the chemical industry frequently interact with a variety of chemicals and polymers, they must be replaced after a while for effective operation. In the upcoming years, the market is expected to expand even more.
Demand From Emerging Countries
Demand for industrial valves in China is anticipated to increase by 11.5% annually driven by the quickly growing public utilities sector, process industrial sector, and other construction-related industries. India eventually transformed into a predominantly agricultural country with a strong industrial base. The government is advancing a number of programs that will greatly enhance the production of numerous industrial components, including valves. India imported faucets, cocks, valves, and related equipment worth USD 1.4 billion in 2018. The market for valves in India will experience considerable development as a result of the expansion of numerous industries, including agriculture and oil & gas.
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Market Segmentation
Global Industrial Valves Market is divided into Valve Type, Material Type, Application, and Product. Based on Valve Type, the market is divided into Globe Valves, Ball Valves, Butterfly Valves, Wedge Gate Valves, Knife Gate Valves, Check Valves, Diaphragm Valves, Pinch Valves, Float Valves, Air Valves, Automatic Control Valves, Resilient Seal Gate Valves, and Others. Based on Material Type, the market is segmented into Cast Iron, Steel, Cryogenic, Alloy Based, and Others. Based on Application, the market is divided into Oil & Gas, Refinery, Chemical, Water, Wastewater Effluent, Power Generation, Agriculture, Mining, and Others. Based on Product, the market is segmented into Quarter turn Valve, Multi turn Valve, and Others.
Market Players
Major market players in the Global Industrial Valves Market are Emerson Electric Co, Flowserve Corporation, Alfa Laval Corporate AB, Crane Co, IMI Plc, Schlumberger N.V. (Schlumberger Limited), Baker Hughes Company, MRC Global Inc, KITZ Corporation and The Weir Group Plc.
| Attribute | Details |
| The market size value in 2022 | 68,702.45 million |
| Revenue Forecast in 2028 | 93,765.00 million |
| Growth Rate | 4.96% |
| Base Year | 2022 |
| Historic Data | 2018– 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028 |
| Report Coverage | Revenue forecast, company share, growth factors, and trends |
| Segments Covered | · Valve Type
· Material Type · Application · Product |
| Regional scope | Asia-Pacific, North America, Europe, Middle East & Africa, South America |
| Key companies profiled | Emerson Electric Co, Flowserve Corporation, Alfa Laval Corporate AB, Crane Co, IMI Plc, Schlumberger N.V. (Schlumberger Limited), Baker Hughes Company, MRC Global Inc, KITZ Corporation and The Weir Group Plc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, the Global Industrial Valves Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Global Industrial Valves Market, By Valve Type:
o Globe Valve
o Ball valve
o Butterfly valve
o RSV Gate Valve
o Wedge Gate Valve
o Check Valve
o Diaphragm Valve
o Knife Gate Valve
o Automatic Control Valve
o Pinch Valve
o Float Valve
o Air Valve
o Others
- Global Industrial Valves Market, By Material Type:
o Steel
o Alloy Based
o Cast Iron
o Cryogenic
o Others
- Global Industrial Valves Market, By Application:
o Oil & Gas
o Refinery
o Chemical
o Water
o Wastewater Effluent
o Power Generation
o Agriculture
o Mining
o Others
- Global Industrial Valves Market, By Product:
o Multi-turn Valve
o Quarter-turn Valve
o Others
- Global Industrial Valves Market, By Region:
o Asia-Pacific
o Europe
o North America
o Middle East & Africa
o South America
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Industrial Valves Market.
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Product Overview
- Research Methodology
- Impact of COVID-19 on the Global Industrial Valves Market
- Executive Summary
- Voice of Customers
5.1. Brand Awareness
5.2. Factors Considered for Selecting Industrial Valves
5.3. Key Satisfaction Level
5.4. Major Challenges Faced
- Global Industrial Valves Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Valve Type (Globe Valves, Ball Valves, Butterfly Valves, Wedge Gate Valves, Knife Gate Valves, Check Valves, Diaphragm Valves, Pinch Valves, Float Valves, Air Valves, Automatic Control Valves, Resilient Seal Gate Valves, Others)
6.2.2. By Material Type (Cast Iron, Steel, Cryogenic, Alloy Based, Others)
6.2.3. By Application (Oil & Gas, Refinery, Chemical, Water, Wastewater Effluent, Power Generation, Agriculture, Mining, Others)
6.2.4. By Product (Quarter turn Valve, Multi-turn Valve, Others)
6.2.5. By Region (Asia Pacific, Europe, North America, South America, and Middle East & Africa)
6.2.5.1. Key Takeaways
6.2.6. By Company (2022)
6.3. Market Map
- Asia-Pacific Industrial Valves Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Valve Type
7.2.2. By Material Type
7.2.3. By Application
7.2.4. By Product
7.2.5. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China Industrial Valves Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Valve Type
7.3.1.2.2. By Material Type
7.3.1.2.3. By Application
7.3.2. Japan Industrial Valves Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Valve Type
7.3.2.2.2. By Material Type
7.3.2.2.3. By Application
7.3.3. India Industrial Valves Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Valve Type
7.3.3.2.2. By Material Type
7.3.3.2.3. By Application
7.3.4. South Korea Industrial Valves Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Valve Type
7.3.4.2.2. By Material Type
7.3.4.2.3. By Application
7.3.5. Australia Industrial Valves Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Valve Type
7.3.5.2.2. By Material Type
7.3.5.2.3. By Application