Industrial Valves Market Size & Share, by Type (Gate, Globe, Ball, Butterfly, Plug, Check, Safety, Relief); Material (Cast Steel, Carbon Steel, Stainless Steel, Bronze); Component (Actuator, Positioner); Function (Manual, Automatic); Application (Oil & Gas, Chemical, Water and Wastewater, Food and Beverage, Healthcare) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5209
  • Published Date: Sep 01, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Industrial Valves Market size is poised to reach USD 124 Billion by the end of 2035, growing at a CAGR of 4.6% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of industrial valves was over USD 72 Billion. The need for industrial valves has risen recently as a result of the world's rapid industrialization. The flow of materials across key sectors may be easily and affordably controlled with the help of these industrial valves.

Additionally, the growing use of industrial valves in wastewater treatment facilities, sewage pumping, and numerous other applications will support the expansion of the industrial valves market globally. High-income nations treat, on average, 70% of the wastewater they produce,


Industrial Valves Market
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Industrial Valves Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Establishing New Power Plants – Industrial valves are utilized to diagnose issues and raise the power plant's overall performance efficiency. As valves are employed in safety-related applications in nuclear power plants, the demand for valves is anticipated to rise with the construction of new nuclear facilities and the renovation of existing ones. This is done to safeguard turbines and boilers from vibration or corrosion. According to the International Energy Agency, nuclear power generates around 10% of the world's electricity, with advanced economies producing almost 20% of the world's electricity.
  • Increasing Demand for AI-integrated Valves – New IoT solutions are being introduced by businesses to aid industries in remotely monitoring their assets. For instance, in January 2021, Flowserve Corporation, a major supplier of flow control goods and services for the worldwide infrastructure markets, unveiled a ground-breaking IoT service to assist manufacturing facilities in remotely monitoring their assets and significantly lowering equipment failures.
  • Rising Demand for Fuel – As fuel demand rises, numerous nations are starting new oil and gas exploration projects. This is expected to increase demand for cutting-edge valve technology. The oil and gas exploration and production sector currently makes up around 3.8% of the global economy.

Challenges

  • Functional Problems – A plant will shut down or have unplanned downtime if its valves malfunction. Customer connections may be strained as a result of late deliveries or subpar goods.
  • Larger Capital Expenditure
  • Absence of uniform policies

Industrial Valves Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~ 4.6%

Base Year Market Size (2022)

 ~ USD 72 Billion

Forecast Year Market Size (2035)

 ~ USD 124 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Industrial Valves Segmentation

Type (Gate, Globe, Ball, Butterfly, Plug, Check, Safety, Relief)

The ball segment in the industrial valves market is estimated to grow at the highest rate. In 2019, more than 15% of sales were from ball valves. These valves are mostly employed for flow regulation and tight shut-off requirements. Ball valves are widely used in the food processing sector since processes like product filling require a controlled flow to be maintained. In order to fulfill self-sufficiency targets, increasing government spending to upgrade the current food processing infrastructure is anticipated to improve ball valve segment growth.

Component (Actuator, Positioner)

Actuators to hold the largest share of 43.6% by 2035. The actuators' 360° head rotation on control valves enables flexible installation and optimization. Optimizing the use of actuators in industrial processes and lowering overall installation costs, promotes market expansion.

Our in-depth analysis of the global market includes the following segments:

 

         Type

  • Gate
  • Globe
  • Ball
  • Butterfly
  • Plug
  • Check
  •  Safety
  • Relief

          Material

           Component

  • Actuator
  • Positioner

          Function

  • Manual
  • Automatic

          Application

  • Oil & Gas, Chemical
  • Water and Wastewater
  • Food and Beverage
  • Healthcare

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Industrial Valves Industry - Regional Synopsis

APAC Market Forecast

The Asia Pacific market to hold a share of 40% by 2035. In Asia Pacific nations, there is a rising need for better water & wastewater treatment methods as well as proper water management, which is driving up demand for industrial valves. Chinese pharmaceutical producers are increasingly implementing IoT-integrated industrial valves to automate and optimize a variety of processes, including delivering precise fluid doses for medication production.

North American Market Statistics

The market in North America is expected to hold a share of 28.4% during the forecast period. Increasing energy demand has led to an increase in oil and gas exploration activity in the USA. Approximately 18.12 million barrels of oil were consumed daily in the USA in 2020, according to the Energy Information Administration (EIA) of the United States. The expansion of the industrial valves market is being positively impacted by the spread of contemporary technologies across the region.

Research Nester
Industrial Valves Market Size
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Companies Dominating the Industrial Valves Landscape

top-features-companies
    • Severn Group
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Total Valve Systems
    • Valmet
    • Emerson Electric Co.
    • DomBor Valve

In-the-news

In The News

  • The LiftTrackTM 2.0, a new, patented Pressure Safety Valve lift event indicator from Total Valve, enables users to record information on the numerous lift events that take place inside a safety valve.
     
  • With the addition of NelesTM Q-DiscTM, a new high-performance feature to aid flow balancing in control valve applications, Valmet is expanding the variety of butterfly valves it offers. The introduction completes the product line of the modular butterfly valve platforms NelesTM NeldiscTM and JamesburyTM Wafer-SphereTM, which were released in June 2021.

Author Credits:  Rushikesh, Richa Gupta


  • Report ID: 5209
  • Published Date: Sep 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing demand for establishing new power plants, increasing demand for ai-integrated valves, and rising demand for fuel are driving the market growth.

The market size of industrial valves is anticipated to attain a CAGR of 4.6% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Severn Group, Total Valve Systems, Valmet, Emerson Electric Co., DomBor Valve, YUKEN KOGYO CO., LTD, Yokogawa Electric Corporation, Azbil Corporation, NACHI-FUJIKOSHI CORP, Sawamura Valve Co., Ltd., and others.

The actuators segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Industrial Valves Market Report Scope
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