How big is the Valves Market?

The Valves Market size is expected to reach USD 79.90 billion in 2024 and grow at a CAGR of 6.25% to reach USD 108.20 billion by 2029. Read More

What is the current Valves Market size?

In 2024, the Valves Market size is expected to reach USD 79.90 billion. Read More

Who are the key players in Valves Market?

Emerson Electric Co., Schlumberger Limited, Alfa Laval Corporate AB, Flowserve Corporation and Crane Co. are the major companies operating in the Valves Market. Read More

Which is the fastest growing region in Valves Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Valves Market?

In 2024, the Asia-Pacific accounts for the largest market share in Valves Market. Read More

What years does this Valves Market cover, and what was the market size in 2023?

In 2023, the Valves Market size was estimated at USD 74.91 billion. The report covers the Valves Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Valves Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Valves Market - Size & Share

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

The Global Valves Market Report is Segmented by Type (ball, Butterfly, Gate/Globe/Check, Plug, Control, and Other Types), End-User Vertical (Oil and Gas, Power Generation, Chemical, Water and Wastewater, Mining, and Other End-User Verticals) and Geography (North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Valves Industry Overview

The global valves market is characterized by moderate competitiveness and several influential players. These key actors hold significant market shares and are expanding their customer bases internationally. These industry leaders engage in strategic collaborations to bolster their market presence and enhance profitability. Notable market players include Emerson Electric Co., Schlumberger Limited, Alfa Laval Corporate AB, Flowserve Corporation, and Crane Co.

• December 2023 - Emerson Electric Co., a company in automation technology and software, has been chosen by SungEel HiTech Co. Ltd, a Korean expert in lithium-ion battery recycling. The collaboration aims to enhance sustainable production and operational efficiency at SungEel's latest lithium-ion recycling facility within the Hydro Center complex in Gunsan, Jeollabuk-do. Under this agreement, Emerson will deliver advanced instrumentation and valve solutions tailored to meet the stringent demands of SungEel HiTech's advanced proprietary hydrometallurgical processes, underscoring the growth in the company's valve business.

• November 2023 - Flowserve Corporation introduced the Worcester Cryogenic series, showcasing quarter-turn floating ball valves known for reliability in LNG, hydrogen, and industrial gas applications. The series offers two configurations: a three-piece design (CF44 series) and a flanged option (CF51/CF52 series). The features include a high-strength stem and an upgraded live-loaded stem seal, ensuring superior control over fugitive emissions.