Market Size of Global Valves Industry in Water and Wastewater Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 7.48 Billion |
Market Size (2029) | USD 9.08 Billion |
CAGR (2024 - 2029) | 3.94 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Europe, Middle East, and Africa |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Water & Wastewater Valves Market Analysis
The Global Valves Market in Water and Wastewater Industry is expected to grow from USD 7.48 billion in 2024 to USD 9.08 billion by 2029, at a CAGR of 3.94% during the forecast period (2024-2029).
The growth in the Global Valves Market in Water and Wastewater Industry is attributed to the increasing automation in the water and wastewater industry. Moreover, the increasing adoption of 3D printing for valve manufacturing is further pushing the demand for Laser Transmitters globally.
- Valve are designed to ensure purity, reduce clogging, and increase reliability. The growth of 3D printing for valve manufacturing is one of the critical trends for water valves market. Manufacturers are focusing on 3D printing as it has the potential to modify the design of the product.
- The emergence of 3D printing technology is encouraging the manufacturers to design products that act as a finished product. This technology offers several benefits such as high attention to detail, time-saving process, assembly of parts, and trials. Moreover, the manufacturers using this technology reduce their cost of production. Consequently, the increasing automation coupled with 3D printing for valve manufacturing is driving the valves market growth in water and wastewater industry.
- Furthermore, with the emergence of smart devices and sensors, the option of cutting down on maintenance services has become a possibility for end-users. For instance, the emergence of maintenance-free valves. The maintenance-free valves have the built-in capability of preventive maintenance, which reduces the need for corrective maintenance services.
- Further, the COVID-19 pandemic has largely impacted the water, energy, ecology, and food industries. Labour shortfall, budget constraint, and supply chain problems have all hampered service the manufacturing and supply chain of the vales in the market globally.
- However, with the increasing technological innovation and advancement in the market the need to further optimize the performance of vales has been driving the Global Valves Market in Water and Wastewater Industry. Further, the need for enabling values for a wider range of applications in the downstream market has also contributed to the growth of the Global Valves Market in Water and Wastewater Industry.
Water & Wastewater Valves Industry Segmentation
A valve acts as a passage for restricting or allowing fluid flow in pipelines and other devices. The valves are designed to help the customers to safely optimize the flow through pump control stations and assemblies requiring special surge equipment and safety shutoffs. It is used also to protect against reverse flow or prevent slamming problems.
The study tracks the market based on the revenues generated by different vendors operating in the Global Valves market. The scope is limited to the types of valves used in water and wastewater. The market study doesn't offer drilldown breakup of the regional shares for the countries.
By Type | |
Ball | |
Butterfly | |
Gate/Globe/Check | |
Plug | |
Control | |
Other Types |
By Region | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East and Africa |
Global Valves Market in Water and Wastewater Industry Size Summary
The Global Valves Market in the Water and Wastewater Industry is poised for significant growth, driven by increasing automation and technological advancements such as 3D printing in valve manufacturing. This trend is enhancing the design and functionality of valves, making them more efficient and cost-effective. The adoption of smart devices and sensors is further reducing the need for maintenance services, contributing to the market's expansion. Despite challenges posed by the COVID-19 pandemic, including labor shortages and supply chain disruptions, the market is recovering and evolving, with a focus on optimizing valve performance for a broader range of applications. The demand for valves is also bolstered by the need for efficient wastewater treatment and the increasing volume of wastewater processed by utility companies.
Regional initiatives and policies, particularly in the EU and GCC, are fostering the growth of the valves market by promoting water resource protection and expanding water and wastewater infrastructure. Large-scale projects and strategic investments in these regions are driving the demand for valves, as they are essential for modernizing water transmission and distribution networks. The market is highly competitive, with key players like Emerson Electric Co., Schlumberger Limited, and Flowserve Corporation actively engaging in partnerships and acquisitions to strengthen their market positions. These companies are leveraging innovative technologies and strategic collaborations to enhance their offerings and support global decarbonization efforts, further propelling the market's growth.
Global Valves Market in Water and Wastewater Industry Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Introduction to Market Dynamics
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1.2 Market Drivers
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1.2.1 Rising automation in the water and wastewater industry
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1.2.2 Proactive defect detection with the use of simulation software
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1.3 Market Challenges
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1.3.1 Stringent Government Regulations
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Ball
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2.1.2 Butterfly
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2.1.3 Gate/Globe/Check
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2.1.4 Plug
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2.1.5 Control
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2.1.6 Other Types
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2.2 By Region
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2.2.1 North America
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2.2.2 Europe
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2.2.3 Asia-Pacific
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2.2.4 Latin America
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2.2.5 Middle East and Africa
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Global Valves Market in Water and Wastewater Industry Market Size FAQs
How big is the Global Valves Market in Water and Wastewater Industry?
The Global Valves Market in Water and Wastewater Industry size is expected to reach USD 7.48 billion in 2024 and grow at a CAGR of 3.94% to reach USD 9.08 billion by 2029.
What is the current Global Valves Market in Water and Wastewater Industry size?
In 2024, the Global Valves Market in Water and Wastewater Industry size is expected to reach USD 7.48 billion.