Industrial Valves Market Share

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.

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 â€“ 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 Share