Industrial Valves Market Outlook:
Industrial Valves Market size was valued at USD 98.6 billion in 2024 and is projected to reach USD 165.3 billion by the end of 2034, rising at a CAGR of 5.4% during the forecast period, i.e., 2025-2034. In 2025, the industry size of industrial valves is assessed at USD 103.7 billion.
The primary growth driver of the industrial valve market is escalating investment in infrastructure development and urbanization in the emerging economies. Large-scale government plans, such as India's "Gati Shakti" National Master Plan and "Make in India," fuel the demand for industrial valves through increased manufacturing, transportation, and water management initiatives. As observed previously by India's Ministry of Statistics and Program Implementation (MoSPI), infrastructure spending is expected to grow by more than 8% annually until 2030, driving growth in oil refining, electricity generation, and municipal water markets, which are large end-users of industrial valves. Additionally, with urban world populations estimated to grow by 2.6 billion by 2050 (United Nations, Department of Economic and Social Affairs), there is a growing demand for advanced fluid control systems in water treatment and power infrastructure, which is fueling the growth of the market.
Industrial Valves Market - Growth Drivers and Challenges
Growth Drivers
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Expansion of oil & gas and energy sectors: The increasing investments in upstream exploration, LNG infrastructure, and refinery upgrades fueled by demand are driving the market expansion. According to the U.S. Energy Information Administration (EIA), global liquefied natural gas (LNG) trade is expected to grow by 3.4% annually through 2030, requiring high-pressure valves for pipelines and processing plants. The shale gas boom in North America alone is projected to drive $150 billion in midstream investments by 2025, boosting demand for ball and gate valves. Additionally, aging refineries in regions like the U.S. Gulf Coast and Europe are replacing outdated valves to comply with stricter EPA emissions standards, with valve replacement accounting for 30% of refinery maintenance costs. The Middle East’s oil & gas expansion, including Saudi Arabia’s $110 billion Jafurah gas project, further accelerates valve procurement, with the global oil & gas valve market expected to reach $14.2 billion by 2027 (CAGR 5.8%). These trends underscore how energy sector growth directly propels industrial valve demand.
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Water & wastewater infrastructure development: The water & wastewater infrastructure development is a key driver of the industrial valves market, with global investments in water systems projected to exceed $1 trillion by 2030 (World Bank). The U.S. Bipartisan Infrastructure Law allocated $55 billion for water infrastructure upgrades, including smart valves for leak detection and pressure management (whitehouse.gov). In China, the "Sponge City" initiative aims to deploy advanced water valves across 30 pilot cities by 2025, while India’s Jal Jeevan Mission plans to install 90 million water valves by 2024 to ensure piped water access. The global smart water valve market is growing at 7.2% CAGR, driven by demand for automated and IoT-enabled valves in municipal systems. Additionally, aging water networks in Europe (40% over 50 years old) require urgent valve replacements, with EU funding €20 billion for water infrastructure modernization. These investments are expected to push the water & wastewater valve market to $12.8 billion by 2027 (CAGR 6.5%), highlighting the sector’s critical role in valve demand.
1. Demand Analysis of the Industrial Valves Market
|
Sector |
Demand Drivers |
Key Statistics |
|
Oil & Gas |
- New pipeline projects |
- Global LNG trade growing at 3.4% annually (EIA) |
|
Water & Wastewater |
- Aging infrastructure replacement |
- $55B allocated in the U.S. Bipartisan Infrastructure Law for water systems |
|
Power Generation |
- Coal plant retrofits |
- $1.2T global power sector investments annually (IEA) |
|
Chemicals & Pharmaceuticals |
- Corrosion-resistant valve demand |
- 4.5% annual growth in U.S. chemical production (ACC) |
|
Mining & Metals |
- Slurry valve demand |
- $300B+ global mining CAPEX (2023) |
|
Food & Beverage |
- Hygienic valve requirements |
- $12B spent on U.S. food processing equipment annually |
2. Regional Analysis of Industrial Valves Sales Volumes
|
Region |
Key Industries Driving Demand |
Sales Volume Statistics |
Notable Projects/Investments |
|
North America |
Oil & Gas, Power, Water, Chemicals |
- 45% of valves sold to the oil & gas sector (EIA) |
- $55B U.S. Bipartisan Infrastructure Law (water valves) |
|
Europe |
Energy Transition, Water, Pharmaceuticals |
- 30% of valves for renewable energy (EU Green Deal) |
- €20B EU water infrastructure fund |
|
Asia-Pacific |
Oil & Gas, Power, Urban Water Systems |
- 50% of global LNG valve demand (China, India) |
- China’s Sponge Cities (30+ cities) |
|
Middle East & Africa |
Oil & Gas, Desalination, Mining |
- 60% of valves for oil & gas (GCC) |
- Saudi Jafurah Gas Project ($110B) |
|
Latin America |
Mining, Oil & Gas, Water |
- 35% of valves for mining (Brazil, Chile) |
- Brazilian pre-salt oil fields expansion |
Challenges
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Pricing pressures from raw material volatility and compliance costs: Raw material price fluctuation and compliance costs are exerting strict pricing pressures on industrial valve manufacturers, particularly stainless steel and special alloys, representing 61-71% of production cost. Steel prices across the globe increased by over 21% in 2022 as a result of shortages (WTO). Compliance with environmental issues brings added pressure; EPA regulations added an extra 13-16% to operating costs. Both of them overcome the spirit of pricing flexibility, especially for SMEs. Several U.S. manufacturers in 2023 postponed expansion plans, unable to pass on rising costs without impacting customer prices, thereby suppressing overall market growth.
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Regulatory barriers and market access limitations: Stringent environmental and safety regulations are still a hindrance for industrial valve suppliers to pursue international growth. In 2022, China's Ministry of Ecology and Environment (MEE) enhanced chemical safety regulations, inducing another six months on average for valve certifications and an estimated 8% decline in revenue for affected companies. On the contrary, domestic suppliers like Emerson Electric enhanced market share by 16% in 2023 with the introduction of low-emission technologies. However, higher compliance costs are a hindrance to small firms. WTO data show non-tariff barriers, specifically regulatory compliance, have become the most significant industrial value trade barrier since 2021.
Industrial Valves Market Size and Forecast:
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2034 |
|
CAGR |
5.4% |
|
Base Year Market Size (2024) |
USD 98.6 billion |
|
Forecast Year Market Size (2034) |
USD 165.3 billion |
|
Regional Scope |
|
Industrial Valves Market Segmentation:
Material Segment Analysis
Steel is expected to continue to be the dominant material for valves, generating nearly 33% of the total revenue by 2034 due to a higher mechanical strength, corrosion resistance, and application over wide temperature and pressure ranges, in which steel remains the most preferred option in chemical, oil & gas, and power industries. Stainless-steel valves are meant for use in highly corrosive chemical environments and pressurized systems. According to the Japan Ministry of Economy, Trade and Industry (METI), demand for high-grade steel valves grew YoY by 11.8% in 2023 as modernizations have prioritized refineries and petrochemical plants. The steel production landscape in Japan further strengthens this segment by minimizing price volatility and lessening dependency on imports.
Size Segment Analysis
The valves sized 1-6″ segment is expected to account for 35.6% of total revenue and maintain the largest market share until the year 2034. These mid-range valves find maximum application in chemical processing, water treatment, oil and gas, and power generation industries due to their balance between flow capacity and ease of integration with standard pipeline systems. Being found usable up to manual adjustments and automated control makes them compulsory in operational activities. According to statistics from the Japan Industrial Valves Association (JIVA), demand for 1-6″ chemical sector valves witnessed a yearly growth of 9.3% in 2023, with the main factors attributed to midstream infrastructure upgrades and higher construction activity around chemical storage facilities.
Our in-depth analysis of the industrial valves market includes the following segments:
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Segment |
Subsegments |
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Type |
|
|
Material |
|
|
Size |
|
|
End user |
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Vishnu Nair
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Industrial Valves Market - Regional Analysis
Asia Pacific Market Insights
The industrial valves market in Asia-Pacific (APAC) is experiencing robust growth, driven by rapid industrialization, energy demand, and infrastructure investments. The region accounts for over 36% of global valve demand, with China and India leading sales volumes. According to industry reports, APAC’s oil & gas sector consumes 50% of the world’s LNG valves, fueled by China’s $100B+ pipeline projects and India’s city gas expansions. The water & wastewater sector is another key driver, with 25M+ valves annually deployed under initiatives like China’s Sponge Cities and India’s Jal Jeevan Mission. Additionally, power plant expansions (coal, renewables) and pharmaceutical growth (6.8% CAGR for sanitary valves) further boost demand. Smart valve adoption is rising at 8%+ annually, supported by IIoT integration in Japan and South Korea.
The industrial valves market in China is growing rapidly, driven by massive energy projects, water infrastructure upgrades, and manufacturing expansion. The country accounts for over 30% of APAC's valve demand, with 12M+ valves sold annually for oil & gas pipelines, including the $100B West-East Gas Pipeline project. The water sector deploys 8M+ valves/year under initiatives like Sponge Cities, while power generation (coal, nuclear, renewables) consumes 20% of China’s industrial valves. The chemical industry (growing at 6.5% yearly) fuels demand for corrosion-resistant valves, and smart valve adoption is rising at 10% CAGR with government-backed IIoT integration. Strict environmental regulations also push upgrades to low-emission valves, with 5M+ units replaced since 2022 under China’s Blue-Sky Initiative.
The industrial valves market in India is witnessing strong growth, fueled by energy infrastructure expansion, urban water projects, and industrial modernization. The oil & gas sector, driven by city gas distribution (CGD) networks and refinery expansions, consumes 35% of India's valve demand, with 6M+ valves deployed annually under projects like the $60B GAIL pipeline grid. The water sector, boosted by Jal Jeevan Mission, installs 4M+ valves/year to achieve 100% piped water coverage by 2024. Power plants (coal + renewables) and chemical industries (growing at 7% annually) contribute 25% of valve sales, while smart valve adoption grows at 9% CAGR, with Make in India promoting local manufacturing. Stricter environmental norms are accelerating fugitive-emission-proof valve replacements, with 3M+ units upgraded since 2021. The pharmaceutical sector (expanding at 11% CAGR) further drives demand for sanitary valves, particularly in Hyderabad and Ahmedabad clusters.
Country-Wise Analysis of the Industrial Valves Market in APAC
|
Country |
Key Industries Driving Valve Demand |
Infrastructure/Industrial Projects |
Valve Demand Statistics |
|
China |
Oil & Gas, Power, Water, Chemicals |
- $100B+ West-East Gas Pipeline |
- 12M+ valves/year for oil & gas |
|
India |
Oil & Gas, Water, Power, Pharmaceuticals |
- $60B GAIL pipeline grid |
- 6M+ valves/year for CGD networks |
|
Japan |
Power, Chemicals, Water, Manufacturing |
- Hydrogen energy hubs |
- 3M+ valves/year for power plants |
|
South Korea |
Shipbuilding, Petrochemicals, Energy |
- $9B LNG terminal expansions |
- 2.5M+ valves/year for shipyards |
|
ASEAN (Indonesia, Malaysia, Thailand, Vietnam) |
Oil & Gas, Mining, Water |
- $20B+ refinery expansions (Indonesia, Vietnam) |
- 5M+ valves/year for mining/oil & gas |
|
Australia |
Mining, LNG, Water |
- $50B+ LNG projects (Prelude, Gorgon) |
- 2M+ valves/year for mining slurry systems |
North America Market Insights
The industrial valves market in North America is experiencing steady growth, driven by energy sector investments, water infrastructure upgrades, and stringent environmental regulations. The U.S. oil & gas industry, including shale gas and LNG exports, accounts for 40% of regional valve demand, with 8M+ valves deployed annually for pipeline expansions like the $10B Permian Basin projects. The Bipartisan Infrastructure Law’s $55B water initiative is boosting 5M+ valve installations/year for aging systems. Power generation (including hydrogen-ready plants) and chemicals contribute 30% of sales. Strict EPA emissions standards are accelerating low-VOC/fugitive-emission valve replacements, with 3M+ units upgraded since 2022. Smart valve adoption is growing at 7% CAGR, supported by DOE-funded IIoT projects. Canada’s oil sands and clean energy projects add 2M+ valves/year, particularly for carbon capture (CCUS) systems.
The industrial valves market in the U.S. is growing robustly, fueled by energy sector expansions, infrastructure modernization, and regulatory upgrades. The oil & gas industry, including shale production and LNG exports, drives 45% of valve demand, with 6M+ valves deployed annually for projects like the $10B Permian Basin pipelines and Gulf Coast LNG terminals. The Bipartisan Infrastructure Law’s $55B water initiative is accelerating 4M+ valve installations/year to replace aging systems. Power generation (hydrogen, nuclear, and renewables) and chemical manufacturing contribute 25% of sales. EPA emissions regulations are pushing 3M+ fugitive-emission-proof valve replacements since 2021, while smart valve adoption grows at 8% CAGR with DOE’s $150M investment in IIoT automation. The pharmaceutical and food sectors further boost demand for sanitary and hygienic valves, with 1.5M+ units sold yearly.
The industrial valves market in Canada is experiencing moderate but steady growth, driven by energy projects, water infrastructure upgrades, and environmental compliance. The oil & gas sector, including oil sands and LNG exports, accounts for 35% of valve demand, with 1.2M+ valves deployed annually for projects like $40B LNG Canada and Trans Mountain Pipeline expansion. Water/wastewater infrastructure upgrades under the Canada Infrastructure Bank’s $10B plan drive 800K+ valve installations/year. Mining (critical minerals like lithium) and hydrogen/CCUS initiatives (e.g., $8B Net-Zero Accelerator Fund) contribute 20% of sales. Strict environmental regulations are pushing 400K+ low-emission valve replacements since 2022, while smart valve adoption in manufacturing grows at 6% CAGR. The pharmaceutical and food processing sectors in Ontario/Quebec add 300K+ sanitary valves annually to meet FDA/CFIA standards.
Europe Market Insights
The industrial valves market in Europe is growing steadily, driven by energy transition, infrastructure modernization, and stringent environmental regulations. The oil & gas sector, including LNG imports and pipeline networks, accounts for 30% of valve demand, with 5M+ valves deployed annually for projects like the Baltic Pipe and Southern Gas Corridor. The EU’s Green Deal is accelerating 3M+ valve installations/year for hydrogen-ready infrastructure and water system upgrades, supported by €20B in funding. Power generation (renewables + nuclear) and chemical industries (growing at 3.8% annually) contribute 25% of sales. Strict EU emissions standards (e.g., Industrial Emissions Directive) are driving 2M+ low-emission valve replacements since 2021, while smart valve adoption grows at 7% CAGR with Industry 4.0 initiatives. The pharmaceutical sector (expanding at 5.2% yearly) further boosts demand for high-purity valves, particularly in Germany and Switzerland.
|
Country |
Key Technological Advancements |
Sustainability & Eco-Friendly Solutions |
Government Policies & Industrial Base |
|
Germany |
- Leader in Industry 4.0 valves (IIoT, predictive maintenance) |
- 30% of valves are now low-VOC/fugitive-emission-proof |
- National Hydrogen Strategy (€9B investment) |
|
France |
- Nuclear valve innovations (60% of energy mix) |
- 25% of valves are compliant with EU EcoDesign |
- France 2030 Plan (€1B for industrial tech) |
|
UK |
- CCUS valve projects (North Sea clusters) |
- 20% reduction in valve-related emissions since 2020 |
- North Sea Transition Deal (£16B) |
|
Italy |
- Automated valves for smart cities (Milan, Rome) |
- 15% bio-based valves in pharma/food sectors |
- PNRR (Recovery Plan) €20B for green industry |
|
Netherlands |
- Port of Rotterdam hydrogen valves (largest EU hub) |
- 40% of valves meet ISO 15848-1 emissions standards |
- National Climate Agreement (€5B for industrial decarbonization) |
|
Nordics (Sweden, Norway, Finland) |
- Offshore wind/hydrogen valves (North Sea) |
- 50% of valves in renewables/recycling |
- Nordic Green Deal (€3B cross-border projects) |
Key Industrial Valves Market Players:
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The global industrial valves market is highly competitive, with leading companies leveraging innovation, digitalization, and sustainability initiatives to maintain and grow market share. US-based giants like Emerson and Flowserve emphasize advanced manufacturing technologies and strategic acquisitions to broaden their product portfolios. European players such as IMI plc focus on energy-efficient valve solutions aligned with stringent environmental regulations. Asian manufacturers, especially from Japan and South Korea, invest heavily in R&D for smart valve technologies and corrosion-resistant materials to cater to evolving chemical industry needs. Japanese companies, including KITZ Corporation and SMC Corporation, strategically expand their global footprint through partnerships and local manufacturing to address regional demand efficiently.
Top Global Manufacturers in the Industrial Valves Market:
|
Company Name |
Country of Origin |
Estimated Market Share |
|
Emerson Electric Co. |
USA |
9.3% |
|
Flowserve Corporation |
USA |
8.8% |
|
IMI plc |
UK (Europe) |
7.4% |
|
Spirax-Sarco Engineering |
UK (Europe) |
6.9% |
|
Velan Inc. |
Canada (North America) |
5.6% |
|
KITZ Corporation |
Japan |
4.9% |
|
Cameron (a Schlumberger company) |
USA |
xx% |
|
Metso Outotec |
Finland (Europe) |
xx% |
|
Parker Hannifin Corporation |
USA |
xx% |
|
Larsen & Toubro Limited |
India |
xx% |
|
LG Industrial Systems Co. |
South Korea |
xx% |
|
SMC Corporation |
Japan |
xx% |
|
Velosi Engineering |
Malaysia |
xx% |
|
Aurecon Group |
Australia |
xx% |
Here are a few areas of focus covered in the competitive landscape of the market:
Recent Developments
- In February 2025, Emerson Electric Co. announced a $400 million global expansion plan to enhance manufacturing capacity for smart industrial valves used in chemical processing plants. The investment is expected to focus on integrating IoT-enabled sensors for real-time monitoring and predictive maintenance, targeting a 30% reduction in operational downtime across major refineries in North America, Europe, and Asia. Emerson aims to collaborate with chemical industry leaders and regulatory bodies to meet stricter environmental compliance standards by 2030.
- In November 2024, Flowserve Corporation launched a $250 million sustainability initiative to develop low-leakage, energy-efficient valves designed for chemical plants worldwide. The project aligns with the International Energy Agency’s (IEA) emissions reduction targets and focuses on expanding product lines in emerging markets, including Latin America and Southeast Asia. Flowserve also announced partnerships with several global chemical manufacturers to retrofit existing infrastructure with advanced valve solutions.
- Report ID: 5209
- Published Date: Jul 18, 2025
- Report Format: PDF, PPT
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