Who are the key players in Industrial Valves Market?

Emerson Electric Co., Flowserve Corporation, Crane Co., IMI and SLB are the major companies operating in the Industrial Valves Market. Read More

Which is the fastest growing region in Industrial 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 Industrial Valves Market?

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

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

In 2023, the Industrial Valves Market size was estimated at USD 67.76 billion. The report covers the Industrial Valves Market historical market size for years: . The report also forecasts the Industrial Valves Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the major drivers influencing the Industrial Valves Market growth?

The major drivers influencing the Industrial Valves Market growth are a) Increasing demand from industries such as healthcare, pharmaceuticals, and construction b) Adoption of smart city initiatives leading to the deployment of connected networks c) Rising need for valves in power plants, especially with the establishment of new nuclear plants and revamping existing ones Read More

Industrial Valves Market Size

Market Size of Industrial Valves Industry

Study Period	2024 - 2029
Market Size (2024)	USD 70.97 Billion
Market Size (2029)	USD 88.53 Billion
CAGR (2024 - 2029)	4.52 %
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Major Players *Disclaimer: Major Players sorted in no particular order

Industrial Valves Market Analysis

The Industrial Valves Market size is estimated at USD 70.97 billion in 2024, and is expected to reach USD 88.53 billion by 2029, growing at a CAGR of 4.52% during the forecast period (2024-2029).

The oil and gas industry is one of the key industries that use valves. The industry was negatively impacted during the lockdown because of the outbreak of the COVID-19 pandemic in 2020. Owing to the global rise in vaccinations and government initiatives to boost the economy, the oil and gas industry started to recover with other industries, leading to increased demand for industrial valves.

Over the short term, the major factors driving the market studied are the growing demand from the power and chemical industries. The increase in demand for desalination activity has also driven the market's growth.

However, stagnant industrial growth in developed countries is expected to hinder the growth of the market studied.

Nevertheless, an increase in demand for automatic valves is expected to increase the demand for industrial valves over the forecast period.

The Asia-Pacific region is expected to dominate the market and register the highest CAGR during the forecast period.

Industrial Valves Industry Segmentation

Industrial valves are mechanical devices that open, close, or partially obstruct passageways to regulate the flow of liquid or gas within a system.

The industrial valve 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 (needle valve, etc.). By product, the market is segmented into the quarter-turn valve and multi-turn valve. By application, the market is segmented into power, water and wastewater management, chemicals, oil and gas, and other applications, including food processing, mining, and marine. The report also covers the market size and forecasts for the market in 27 countries across major regions.

For each segment, the market sizing and forecasts have been done on the basis of revenue (USD).

Type
		Butterfly Valve
		Ball Valve
		Globe Valve
		Gate Valve
		Plug Valve
		Other Types

Product
		Quarter-turn Valve
		Multi-turn Valve
		Other Products

Application
		Power
		Water and Wastewater Management
		Chemicals
		Oil and Gas
		Other Applications (Includes Food Processing, Mining, and Marine)

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Indonesia
	Vietnam
	Malaysia
	Thailand
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	NORDIC
	Turkey
	Russia
	Spain
	Rest of Europe

South America
	Brazil
	Argentina
	Colombia
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	United Arab Emirates
	Qatar
	Nigeria
	Egypt
	Rest of Middle-East and Africa

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Industrial Valves Market Size Summary

The industrial valves market is poised for significant growth, driven by increasing demand from the power and chemical industries, as well as the rising need for desalination activities. The market is recovering from the setbacks experienced during the COVID-19 pandemic, particularly in the oil and gas sector, which is a major consumer of valves. Despite challenges such as stagnant industrial growth in developed regions, the demand for automatic valves is expected to bolster market expansion. The Asia-Pacific region is anticipated to lead the market, benefiting from robust industrial activities and a growing need for water treatment solutions in countries like China, India, and Japan. This region's dominance is further supported by its substantial contribution to the global specialty chemicals economy and ongoing oil and gas projects.

In the power industry, valves play a crucial role in various applications, including boiler startups and steam conditioning, with the global electricity demand projected to rise significantly. Although renewable energy sources are expanding, they are not yet sufficient to meet the increasing power demand, thereby driving the need for industrial valves. The market is characterized by fragmentation, with numerous players holding a small share of the total market. Recent strategic moves by key companies, such as acquisitions and facility expansions, indicate a focus on enhancing product offerings and supporting regional growth. These developments, coupled with government initiatives, are expected to sustain the upward trajectory of the industrial valves market during the forecast period.

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Industrial Valves Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Growing Demand from the Power and Chemical Industry
  2. 1.1.2 Increase in Demand for Desalination Activity
2. 1.2 Restraints
  1. 1.2.1 Stagnant Industrial Growth in Developed Countries
  2. 1.2.2 Other Restraints
3. 1.3 Industry Value Chain Analysis
4. 1.4 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. MARKET SEGMENTATION (Market Size in Value)
1. 2.1 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 Product
  1. 2.2.1 Quarter-turn Valve
  2. 2.2.2 Multi-turn Valve
  3. 2.2.3 Other Products
3. 2.3 Application
  1. 2.3.1 Power
  2. 2.3.2 Water and Wastewater Management
  3. 2.3.3 Chemicals
  4. 2.3.4 Oil and Gas
  5. 2.3.5 Other Applications (Includes Food Processing, Mining, and Marine)
4. 2.4 Geography
  1. 2.4.1 Asia-Pacific
    1. 2.4.1.1 China
    2. 2.4.1.2 India
    3. 2.4.1.3 Japan
    4. 2.4.1.4 South Korea
    5. 2.4.1.5 Indonesia
    6. 2.4.1.6 Vietnam
    7. 2.4.1.7 Malaysia
    8. 2.4.1.8 Thailand
    9. 2.4.1.9 Rest of Asia-Pacific
  2. 2.4.2 North America
    1. 2.4.2.1 United States
    2. 2.4.2.2 Canada
    3. 2.4.2.3 Mexico
  3. 2.4.3 Europe
    1. 2.4.3.1 Germany
    2. 2.4.3.2 United Kingdom
    3. 2.4.3.3 Italy
    4. 2.4.3.4 France
    5. 2.4.3.5 NORDIC
    6. 2.4.3.6 Turkey
    7. 2.4.3.7 Russia
    8. 2.4.3.8 Spain
    9. 2.4.3.9 Rest of Europe
  4. 2.4.4 South America
    1. 2.4.4.1 Brazil
    2. 2.4.4.2 Argentina
    3. 2.4.4.3 Colombia
    4. 2.4.4.4 Rest of South America
  5. 2.4.5 Middle-East and Africa
    1. 2.4.5.1 Saudi Arabia
    2. 2.4.5.2 South Africa
    3. 2.4.5.3 United Arab Emirates
    4. 2.4.5.4 Qatar
    5. 2.4.5.5 Nigeria
    6. 2.4.5.6 Egypt
    7. 2.4.5.7 Rest of Middle-East and Africa