The global industrial valves market is a critical segment of the broader flow control and instrumentation industry, encompassing a diverse range of products designed to regulate, direct, and control the flow of liquids, gases, and slurries. Valves are essential components across various sectors, including oil and gas, water and wastewater treatment, chemical processing, power generation, and pharmaceuticals. The market is driven by increasing demand for energy, the expansion of water and wastewater infrastructure, and the ongoing industrialization and urbanization in emerging economies. Technological advancements, such as the development of smart valves with integrated sensors and IoT capabilities, are enhancing operational efficiency and reliability, further propelling market growth. In addition, stringent safety regulations and the need for high-performance, corrosion-resistant materials are influencing product innovation and quality standards.
Global Industrial Valves Market was valued at USD 73.50 billion in 2021 and is expected to reach USD 101.06 billion by 2029, with a CAGR of 4.06% during the forecast period of 2022-2029.
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Below are the Top Five Industrial Valves Companies with a Significant Market Share:
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Rank
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Company
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Overview
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Product Portfolio
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Sales Geographical Coverage
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Developments
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1.
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Emerson Electric Co.
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Emerson offers a wide range of valve products, including control valves, isolation valves, and pressure relief valves, designed to optimize process performance and ensure safety across various industries such as oil and gas, chemical, power generation, and water treatment. Emerson’s strong focus on research and development, coupled with strategic acquisitions, enables it to deliver cutting-edge technologies and maintain its competitive edge in the market.
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Europe, North America, Asia, Latin America, Middle East and Africa
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In April 2020, Emerson Electric Co. company introduced a new service with enhanced support for the customers. The new augmented reality (AR) technology based Remote Assistance service capability is launched to resolve industrial valve issues. Through this company strengthened its product portfolio for the industrial valves market.
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2.
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Flowserve Corporation
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Flowserve designs manufactures, and services a comprehensive range of industrial valves, pumps, and seals. The company's industrial valve portfolio includes ball valves, butterfly valves, globe valves, gate valves, and plug valves, serving industries such as oil and gas, chemical processing, power generation, and water management. Flowserve’s commitment to innovation, quality, and customer service has positioned it as a trusted partner in enhancing operational efficiency and reliability for its clients worldwide.
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Europe, North America, Asia, Latin America, Middle East and Africa
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In June 2023, Flowserve Corporation, which is engaged in manufacturing and aftermarket service provider of comprehensive flow control systems, launched ValdiskButterfly Control Valve. The new control valve offers long-lasting, bubble-tightened shutdown in a variety of applications in the oil and gas and chemical industries. This product launch helped the company to strengthen its product portfolio.
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3.
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SLB
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SLB has a substantial footprint in the global industrial valves market, particularly through its Cameron division. Cameron offers a broad portfolio of valves and automation products, including gate valves, ball valves, butterfly valves, and actuators, designed to meet the demanding needs of the oil and gas industry. SLB's expertise in digital solutions and its extensive global network enable it to provide integrated services and support, ensuring optimal performance and safety in complex industrial operations.
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Europe, North America, Asia, Latin America, Middle East and Africa
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In February 2020, Schlumberger Limited, which is engaged in manufacturing pressure control, rig equipment, valves, and measurement products opened King Salman Energy Park producing center. The new production unit will manufacture various technologies including liner hangers and packers as well as valve technologies, such as Orbit rising stem ball valves, and Grove valves to increase the efficiency of oil and gas operations. This business expansion helps the company to generate more revenue.
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4.
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KITZ Corporation
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KITZ offers a diverse product lineup that includes gate valves, globe valves, ball valves, butterfly valves, and check valves. The company is renowned for its commitment to quality, innovation, and customer satisfaction, leveraging advanced manufacturing technologies and stringent quality control processes. KITZ's extensive distribution network and strong emphasis on research and development enable it to deliver reliable and high-performance valve solutions to its global customer base.
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Europe, North America, Asia, Latin America, Middle East and Africa
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In March 2020, KITZ Corporation which is engaged in providing products and services for industrial facilities, oil refineries, petrochemical complexes, gas industry, environmental, water treatment, and others launched a packing unit hydrogen station business. They are also manufacturing ultra-high-pressure ball valves for hydrogen stations. This will help the company to increase its revenue.
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Conclusion
The global industrial valves market is set for continued expansion, driven by the rising demand for energy, infrastructural development, and the need for efficient flow control solutions across various industries. Technological advancements, including the integration of smart technologies, are enhancing valve performance and reliability, catering to the evolving needs of end-users. Despite challenges such as raw material price volatility and supply chain disruptions, the market's growth is underpinned by robust demand and ongoing innovations. With key players like Emerson Electric Co., Flowserve Corporation, SLB, and KITZ Corporation leading the way, the market is well-positioned to meet the increasing requirements for high-quality, durable, and technologically advanced valve solutions.
