Asia-Pacific Industrial Valves Market Size (2024 - 2029)

The Asia-Pacific industrial valves market is projected to experience significant growth over the forecast period, driven by increasing demand from sectors such as water treatment and oil and gas. Despite challenges posed by the COVID-19 pandemic, which disrupted supply chains and production, the market is expected to expand as valves are adapted for a broader range of applications in the downstream market. China holds the largest portion of the market share in this region, reflecting its dominant position in the industry.

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Market Size of Asia-Pacific Industrial Valves Industry

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Asia-Pacific Industrial Valves Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 21.98 Billion
Market Size (2029) USD 28.95 Billion
CAGR (2024 - 2029) 5.67 %
Market Concentration Low

Major Players

Asia-Pacific Industrial Valves Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Asia-Pacific Industrial Valves Market Analysis

The Asia-Pacific Industrial Valves Market size is estimated at USD 21.98 billion in 2024, and is expected to reach USD 28.95 billion by 2029, growing at a CAGR of 5.67% during the forecast period (2024-2029).

  • The COVID-19 pandemic was a major challenge for the industrial valves market. It directly affected the manufacturer's supply chain across the globe and shut down the production facilities to minimize the risk of spreading the virus.
  • The factors driving the market are increasing demand for valves from water treatment plants and the oil and gas industry.
  • Further, the need to enable valves for a wider range of applications in the downstream market is contributing to the growth of the Asia-Pacific valves market.
  • China accounts for the largest share of the Asia-Pacific industrial valves market.

Asia-Pacific Industrial Valves Industry Segmentation

Industrial valves are mechanical devices that control the flow and pressure of liquids, gases, and slurries within a system. They are also known as regulators and are used in various applications. Valves vary greatly in size, design, function, and operation.

The Asia-Pacific industrial valves market is segmented by type, product, application, and geography. By type, the market is segmented into butterfly valve, ball valve, globe valve, gate valve, plug valve, and other types. The market is segmented by product into quarter-turn valves, multi-turn valves, and other products. By application, the market is segmented into power, water and wastewater management, chemicals, oil and gas, food processing, pulp and paper, and other applications. The report also covers the market sizes and forecasts for the Asia-Pacific industrial valves market in eight countries across the region. For each segment, the market sizing and forecasts are done based on revenue (USD).

By Type
Butterfly Valve
Ball Valve
Globe Valve
Gate Valve
Plug Valve
Other Types
By Product
Quarter-turn Valve
Multi-turn Valve
Other Products (Control Valves)
By Application
Power
Water and Wastewater Management (Including Desalination)
Metal, Mineral, and Mining
Other Applications
By Chemicals
Oil and Gas
Upstream
Mid-stream
Downstream
Food Processing
Pulp and Paper
Other Applications
By Geography
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
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Asia-Pacific Industrial Valves Market Size Summary

The Asia-Pacific industrial valves market is poised for significant growth, driven by increasing demand from sectors such as water treatment and oil and gas. The market's expansion is further supported by the need for valves to accommodate a broader range of applications in the downstream market. China holds the largest share of this market, benefiting from its extensive oil and gas infrastructure, which includes numerous wellhead 'Christmas trees' and pipelines. The region's dominance in the oil and gas downstream market is underscored by substantial investments in storage terminals and petrochemical projects, particularly in China, Southeast Asia, and India. These developments are expected to bolster the midstream sector and enhance the demand for industrial valves.

India's rapidly growing manufacturing sector and robust mining and pharmaceutical industries are also contributing to the increasing need for industrial valves. The government's supportive policies and initiatives to boost manufacturing, coupled with India's significant electricity production and rising oil and gas consumption, are key factors driving market growth. The industrial valves market in Asia-Pacific remains fragmented, with major players like Emerson Electric Co., KITZ Corporation, Flowserve Corporation, Baker Hughes, and IMI Critical Engineering competing for market share. As the region continues to expand its energy and manufacturing capabilities, the demand for industrial valves is anticipated to rise, presenting lucrative opportunities for market participants.

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Asia-Pacific Industrial Valves Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand for Valves from Water Treatment Plants

      2. 1.1.2 Increasing Demand for Valves in the Oil and Gas Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 High Capital Investment to Hamper the Market Growth

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Revenue)

    1. 2.1 By Type

      1. 2.1.1 Butterfly Valve

      2. 2.1.2 Ball Valve

      3. 2.1.3 Globe Valve

      4. 2.1.4 Gate Valve

      5. 2.1.5 Plug Valve

      6. 2.1.6 Other Types

    2. 2.2 By Product

      1. 2.2.1 Quarter-turn Valve

      2. 2.2.2 Multi-turn Valve

      3. 2.2.3 Other Products (Control Valves)

    3. 2.3 By Application

      1. 2.3.1 Power

      2. 2.3.2 Water and Wastewater Management (Including Desalination)

        1. 2.3.2.1 Metal, Mineral, and Mining

        2. 2.3.2.2 Other Applications

      3. 2.3.3 By Chemicals

      4. 2.3.4 Oil and Gas

        1. 2.3.4.1 Upstream

        2. 2.3.4.2 Mid-stream

        3. 2.3.4.3 Downstream

      5. 2.3.5 Food Processing

      6. 2.3.6 Pulp and Paper

      7. 2.3.7 Other Applications

    4. 2.4 By Geography

      1. 2.4.1 China

      2. 2.4.2 India

      3. 2.4.3 Japan

      4. 2.4.4 South Korea

      5. 2.4.5 Malaysia

      6. 2.4.6 Thailand

      7. 2.4.7 Indonesia

      8. 2.4.8 Vietnam

      9. 2.4.9 Rest of Asia-Pacific

Asia-Pacific Industrial Valves Market Size FAQs

The Asia-Pacific Industrial Valves Market size is expected to reach USD 21.98 billion in 2024 and grow at a CAGR of 5.67% to reach USD 28.95 billion by 2029.

In 2024, the Asia-Pacific Industrial Valves Market size is expected to reach USD 21.98 billion.

Asia-Pacific Industrial Valves Market Report Snapshots

Asia-Pacific Industrial Valves Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)