Flow control through industrial valves is crucial for the efficient and safe operation of pipelines and process systems. These valves regulate the flow of liquids, gases, and slurries, ensuring the processes meet desired parameters. By precisely adjusting the valve settings, industries can prevent overflows, maintain optimal pressure levels, and manage the rate of fluid transfer. This level of control is particularly vital in industries such as oil and gas, water treatment, and manufacturing, where precise flow management is essential for operational safety, product quality, and system efficiency. Industrial valves, acting as gatekeepers in the fluid transport and processing infrastructure, enable industries to uphold stringent standards, adhere to regulatory requirements, and enhance the reliability of their processes.
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Data Bridge Market Research analyses the Global Industrial Valves Market was valued at USD 73.50 billion in 2021 and is expected to reach USD 101.06 billion by 2029, registering a CAGR of 4.06% during the forecast period of 2022-2029. The global industrial valves market is propelled by increasing infrastructure development, with a surge in projects such as water treatment plants, power generation facilities, and oil and gas pipelines.
Key Findings of the Study
Increasing emphasis on water and wastewater treatment is expected to drive the market's growth rate
The increasing focus on water and wastewater treatment is a significant driver for the global industrial valves market. Escalating concerns about water scarcity and stringent environmental regulations propels the demand for effective water treatment solutions. Industrial valves play a pivotal role in these processes by facilitating the precise control and regulation of fluid flow and supporting the treatment and distribution of clean water. These valves contribute crucially to wastewater management, ensuring compliance with environmental standards. As global awareness of water-related challenges grows, the demand for industrial water and wastewater treatment valves is expected to rise, fostering market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014- 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Gate Valve, Globe Valve, Ball Valve, Butterfly Valve, Diaphragm Valve, Check Valve, Plug Valve, Pinch Valve, Needle Valve, Pressure Relief Valve and Others), Function (Isolation, Regulation, Safety Relief Valve, Special Purpose and Non-Return), Material (Ductile Iron, Carbon Steel, Plastic, Brass, Bronze, Copper, Aluminium and Others), Accessories (Hydraulic Filter, Power Cable, Mounting Screw and Bolts, Seal Kits, Dust Protection Cover and Others), Size (1 Inch to 6 Inch, 6 Inch to 12 Inch, 12 Inch to 24 Inch, 24 Inch to 48 Inch and Above 48 Inch), Application (Oil and Gas, Water and Waste Treatment, Chemical, Energy and Utilities, Food and Beverages, Pharmaceutical, Agriculture, Marine, Automotive, Metals and Mining, Paper and Pulp and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
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Market Players Covered
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Emerson Electric Co. (U.S.), Schlumberger Limited. (U.S.), Flowserve Corporation (U.S.), IMI (India), Metso Corporation (Finland), GE VALVE (India), Curtiss-Wright Corporation (U.S.), Crane Co. (U.S.), Neway valve. (China), McWane, Inc. (U.S.), ALFA LAVAL (Sweden), Rotork (U.K.), KITZ Corporation (Japan), KSB SE and Co. KGaA (Germany), Velan Inc. (Canada), Honeywell. (U.S.), Spirax-Sarco Engineering plc (U.K.), SAMSON AG (Germany), Forbes Marshall (India), and Swagelok Company (U.S.), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The global industrial valves market is segmented on the basis of type, function, material, accessories, size, and application.
- On the basis of type, the global industrial valves market is segmented into gate valve, globe valve, ball valve, butterfly valve, diaphragm valve, check valve, plug valve, pinch valve, needle valve, pressure relief valve and others. The gate valve is expected to dominate the market with 21.7% market share due to their widespread use in various industries, including oil and gas, water and wastewater treatment, and chemical processing
- On the basis of function, the global industrial valves market is segmented into isolation, regulation, safety relief valve, special purpose, non-return. The isolation is expected to dominate the market with 29.7% market share because it plays a critical role in controlling the flow of fluids or gases by providing a reliable means to isolate and shut off pipelines, ensuring efficient maintenance, repair, and safety in various industrial processes
The isolation segment of function segment is expected to dominate the global industrial valves market during the forecast period of 2022-2029
Isolation is expected to dominate the global industrial valves market with the market share 29.7% based on function due to its critical role in controlling the flow of fluids within a system. Isolation valves serve as essential components for blocking or allowing the passage of liquids or gases, enabling the isolation of specific sections of a pipeline or system. This function is crucial for maintenance, repair, and safety procedures, allowing for the efficient shutdown and isolation of specific components or sections. Industries such as oil and gas, petrochemicals, and water treatment heavily rely on isolation valves to ensure controlled and secure operations.
- On the basis of material, the global industrial valves market is segmented into ductile iron, carbon steel, plastic, brass, bronze, copper, aluminium and others. The ductile iron is expected to dominate the market with 27.5% market share due to its superior strength, durability, and corrosion resistance, making it a preferred choice for applications in industries such as oil and gas, water treatment, and chemical processing
- On the basis of accessories, the global industrial valves market is segmented into hydraulic filter, power cable, mounting screw and bolts, seal kits, dust protection cover and others. The hydraulic filter is expected to dominate the market with 24.2% market share due to its crucial role in maintaining the cleanliness of hydraulic fluids, preventing contamination and ensuring the optimal performance and longevity of industrial valve systems
- On the basis of size, the global industrial valves market is segmented into 1 inch to 6 inch, 6 inch to 12 inch, 12 inch to 24 inch, 24 inch to 48 inch and above 48 inch. The 1 inch to 6 inch segment is expected to dominate the market with 27.5% market share due to its widespread application across various industries, including oil and gas, water treatment, and manufacturing
- On the basis of application, the global industrial valves market is segmented into oil and gas, water and waste treatment, chemical, energy and utilities, food and beverages, pharmaceutical, agriculture, marine, automotive, metals and mining, paper and pulp and others. The oil and gas segment is expected to dominate the market with 20.1% market share due to the industry's extensive use of valves in various processes such as extraction, refining, and transportation of oil and gas
The oil and gas segment of application segment is expected to dominate the global industrial valves market during the forecast period of 2022-2029
The oil and gas sector segment of the application segment is expected to dominate in the global industrial valves market with a 20.1% market share due to the industry's extensive use of valves for controlling and regulating the flow of fluids in various processes. In the oil and gas sector, industrial valves are critical in applications such as oil refining, gas processing, and pipeline transportation. The need for precise flow control, pressure management, and safety measures drives the industry's high demand for valves. The increasing exploration and production activities in the oil and gas sector globally contribute to sustained demand for industrial valves, further solidifying its position as a dominant application segment in the market.
Major Players
Data Bridge Market Research recognizes the following companies as the major global industrial valves market players in global industrial valves market are Emerson Electric Co. (U.S.), Schlumberger Limited. (U.S.), Flowserve Corporation (U.S.), IMI (India), Metso Corporation (Finland), GE VALVE (India), Curtiss-Wright Corporation (U.S.)
Market Developments
- In June 2023, Flowserve Corporation announced a significant milestone as its Valtek Valdisk high-performance butterfly valve received licensor approval for use in pressure swing adsorption (PSA) applications. The approval followed a rigorous one-million-cycle endurance test, showcasing the valve's capability to maintain tight shutoffs in applications such as oil refineries and chemical plants. The newly designed valve is tailored for high-cycle and bi-directional flows, addressing the specific needs of these industries
- In May 2023, the Spool Valve Solutions team in China launched the CVG8 (Compact Valve Group 8) at the HYA plant. This cutting-edge compact proportional electromagnet direct drive valve inherits the modular design and compact structure characteristics from the renowned Danfoss section valve family. The CVG8 is recognized for its rapid response and remarkable accuracy, and its customized modular design provides a wide range of functional options, making it a versatile addition to the valve market
- In March 2023, Shipham Valves launched its latest triple-offset butterfly valves. This new valve series features exceptional design elements, including swift quarter-turn operations for rapid opening and closing. The valves also boast a consistent profile around the conical sealing face, ensuring airtight and efficient sealing. This innovation addresses the need for quick and reliable valve operations, making it a noteworthy addition to Shipham Valves' product offerings
- In September 2021, KITZ Corporation strategically acquired common shares of TOA Valve Engineering Inc. in Japan. This acquisition was part of a capital and business alliance aiming to enhance the corporate value of both companies. The agreement facilitated mutually sharing technologies, strengths, and strategies associated with valves, fostering business expansion for KITZ Corporation and TOA Valve Engineering Inc.
Regional Analysis
Geographically, the countries covered in the global industrial valves market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the global industrial valves market during the forecast period 2022-2029
Asia-Pacific (APAC) dominates the global industrial valves market due to a confluence of factors. The region's rapid urbanization has fueled demand for infrastructure development, with industrial valves crucial for fluid control in construction projects. Booming industrial sectors, particularly automotive, chemicals, and electronics, rely heavily on valves for efficient operations. Ongoing infrastructure projects, economic growth, and technological advancements have further propelled the need for sophisticated industrial valves in APAC. Government initiatives supporting industrial development and compliance with regulations add to the region's dominance in the market.
North America is estimated to be the fastest growing region in the global industrial valves market for the forecast period 2022-2029
North America is expected to experience substantial growth in the industrial valves market from 2022 to 2029. This growth is fueled by the region's prominent biopharmaceutical industry, where industrial valves are crucial for fluid handling in pharmaceutical manufacturing. North America's accessibility to technologically advanced products and its role as an innovation hub contribute to adopting sophisticated industrial valve technologies. The stringent quality standards in the biopharmaceutical sector, active research and development activities, and market competitiveness further enhance the region's position as a key player in the global industrial valves market during the forecast period.
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