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,
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~ 4.6% |
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Base Year Market Size (2022) |
~ USD 72 Billion |
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Forecast Year Market Size (2035) |
~ USD 124 Billion |
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Regional Scope |
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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:
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Type |
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Material |
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Component |
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Function |
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Application |
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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.
Author Credits: Rushikesh, Richa Gupta
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