Europe Industrial Valves Market, By Components (Actuators, Valve Body, Others), Type (Gate Valve, Globe Valve, Ball Valve, Butterfly Valve, Diaphragm Valve, Check Valve, Plug Valve, Pinch Valve, Needle Valve, Pressure Relief Valve, Safety Valve, Others), Function (On/Off, Control, Isolation, Regulation Safety Relief Valve, Special Purpose, Non-Return), Material (Iron, Carbon Steel, Alloy, Plastic, Brass, Bronze, Copper, Cryogenic, Aluminium, Others), Accessories (Hydraulic Filter, Power Cable, Mounting Screw and Bolts, Seal Kits, Dust Protection Cover, Others), Size (1 Inch to 6 Inch, 6 Inch to 12 Inch, 12 Inch to 24 Inch, 24 Inch to 48 Inch, Above 48 Inch), Application (Oil and Gas, Building and Construction, Semiconductors, Water and Waste Treatment, Chemical, Energy and Utilities, Food and Beverages, Pharmaceutical, Agriculture, Marine, Automotive, Metals and Mining, Paper and Pulp, Others) – Industry Trends and Forecast to 2030.
Europe Industrial Valves Market Analysis and Size
Industrial valves are mechanical or electromechanical devices used in various industries to regulate the flow of liquids, gases, slurries, and other substances through pipes and tubes. Different types of industrial valves serve a variety of purposes, including pressure control, shut-on/off, and other regulation needs. Industrial valves are also made from metal alloys such as carbon steel, cast iron, stainless steel, and others for high efficiency. Additionally, industrial valves with high levels of automation and control operate more effectively in risky environments such as nuclear power plants, oil and gas fields, and chemical processing. Additionally, the use of automation technologies has helped to lessen the amount of liquid waste that passes through pipes and valves, which lowers costs.
Data Bridge Market Research analyses that the industrial valves market, valued at USD 17,074.58 million in 2022, will reach USD 26,604.18 million by 2030, growing at a CAGR of 5.7% during the forecast period of 2023 to 2030. 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.
Europe Industrial Valves Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Components (Actuators, Valve body, Others), Type (Gate Valve, Globe Valve, Ball Valve, Butterfly Valve, Diaphragm Valve, Check Valve, Plug Valve, Pinch Valve, Needle Valve, Pressure Relief Valve, Safety Valve, Others), Function (On/Off, Control, Isolation, Regulation Safety Relief Valve, Special Purpose, Non-Return), Material (Iron, Carbon Steel, Alloy, Plastic, Brass, Bronze, Copper, Cryogenic, Aluminium, Others), Accessories (Hydraulic Filter, Power Cable, Mounting Screw and Bolts, Seal Kits, Dust Protection Cover, Others), Size (1 Inch to 6 Inch, 6 Inch to 12 Inch, 12 Inch to 24 Inch, 24 Inch to 48 Inch, Above 48 Inch), Application (Oil and Gas, Building and Construction, Semiconductors, Water and Waste Treatment, Chemical, Energy and Utilities, Food and Beverages, Pharmaceutical, Agriculture, Marine, Automotive, Metals and Mining, Paper and Pulp, Others)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
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Market Players Covered
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Emerson Electric Co. (U.S.), Flowserve Corporation (U.S.), Crane Company (U.S.), IMI (U.K.), Velan Inc. (Canada), KITZ Corporation (Japan), Neway valve (China), AVK Holding A/S (Denmark), Metso (Finland), Spirax Sarco Limited. (U.K.), Johnson Controls (Ireland), Powell Valves (U.S.), Curtiss-Wright. (U.S.), Mueller Co. LLC. (U.S.), Crane Co., CRANE ChemPharma & Energy Corp (U.S.), The Weir Group PLC (U.K.), Wärtsilä (Finland), Bray International (U.S.), Dwyer Instruments LTD (U.S.), Watts. (U.S.), Bonney Forge Corporation (U.S.), NIBCO Inc. (U.S.)
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Market Opportunities
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Market Definition
Industrial valves are mechanical devices used in industries to control the flow of fluids such as liquids, gases, and slurries within a piping system. They regulate the flow by opening, closing, or partially obstructing the passage, and they can also regulate pressure, temperature, and prevent backflow or leakage. Valves come in different types and sizes, such as gate valves, globe valves, ball valves, and butterfly valves. They are essential components in industries such as oil and gas, water treatment, power generation, and manufacturing, ensuring safe and efficient operation of processes by controlling fluid flow and maintaining system integrity.
Europe Industrial Valves Market Dynamics
Drivers
- Industrial growth drives the market
Industrial growth and expansion in sectors such as oil and gas, petrochemicals, power generation, water and wastewater treatment, and manufacturing drive the demand for industrial valves. As these industries expand their operations, there is an increased need for valves to regulate fluid flow, control process parameters, and ensure efficient and safe operations. Valves are essential components in these industries for tasks such as starting, stopping, and modulating the flow of fluids, maintaining pressure and temperature levels, and preventing backflow or leakage. The growing industrial activities and infrastructure development within these sectors directly contribute to the rising demand for industrial valves to support their expanding operations.
- Technological advancement drives the market growth
Technological advancements in valve design, materials, and automation have a significant impact on the demand for industrial valves. These advancements introduce new features and capabilities that enhance valve performance, reliability, and control. Improved designs optimize fluid flow, reducing energy consumption and improving efficiency. Advanced materials provide increased durability, corrosion resistance, and compatibility with a wider range of fluids. Automation technologies enable remote operation, monitoring, and integration with control systems, improving process control and efficiency. Industries seek to benefit from these advancements by upgrading their existing valves or investing in new ones to enhance overall performance, reduce maintenance costs, and optimize their processes for better productivity and operational excellence.
Opportunities
- Increasing environmental concerns allows market expansion
Increasing environmental awareness and the emphasis on sustainability have led to a heightened demand for industrial valves in green technologies. These valves play a critical role in optimizing processes and minimizing environmental impact in areas such as renewable energy generation, wastewater treatment, and pollution control. In renewable energy, valves are used to regulate the flow of fluids in solar thermal systems, hydroelectric plants, and wind turbine cooling systems. In wastewater treatment, valves are employed to control the flow and treatment processes, ensuring efficient and environmentally friendly treatment. Valves also assist in pollution control by regulating emissions, preventing leaks, and maintaining process efficiency, aligning with the growing focus on environmental sustainability.
- Globalization and international trade surge market expansion
The globalization of industries and the rise in international trade have resulted in the expansion of supply chains and increased demand for industrial valves. Valves are crucial components in the logistics and shipping sectors, where they are used for transportation, storage, and processing of goods. Valves enable efficient control of fluid flow in pipelines, tanks, and containers, ensuring the safe and secure movement of various products. As global trade volumes grow, the demand for valves in ports, terminals, warehouses, and transportation networks increases to meet the requirements of handling and managing the flow of goods across different regions, contributing to the overall demand for industrial valves.
Restraints/Challenges
- Technological obsolescence restricts the market growth
Technological obsolescence is a restraint in the industrial valve industry due to the rapid pace of technological advancements. As new technologies emerge, older valve designs and features can become outdated, leading to inefficiency and compatibility issues with modern control systems. Industries need to stay updated with the latest advancements to ensure their valves are efficient, reliable, and compatible with evolving industrial processes. Failure to adapt to new technologies can result in reduced productivity, increased maintenance costs, and potential system failures. Continuous monitoring of technological advancements and proactive investment in upgrading valves are necessary to mitigate the risk of technological obsolescence and stay competitive in the market.
- High cost and need for regular maintenance limit the growth
The cost of industrial valves and the associated expenses of installation, maintenance, and repair can be significant restraints on budget-constrained projects or industries. Industrial valves, especially in larger sizes or specialized designs, can have high upfront costs. Additionally, regular maintenance and occasional repairs are necessary to ensure optimal valve performance. These activities often require downtime, which can disrupt production and impact operational efficiency, particularly in industries with continuous processes. The costs associated with valve maintenance and repair, along with the resulting downtime, can pose challenges and financial restraints for industries striving to balance cost-effectiveness and uninterrupted operations.
- Complex applications restrict the growth
Complex applications pose a significant restraint in the industrial valve industry. Certain industrial processes involve high-pressure or high-temperature environments, corrosive fluids, or abrasive media. Meeting these demanding conditions often necessitates the use of specialized valves designed to withstand such harsh operating conditions. The valves must be manufactured from durable materials, incorporate advanced sealing mechanisms, and undergo rigorous testing to ensure reliability and longevity.
This industrial valves market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial valves market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In 2022, The Crosby J series pressure relief valve product line was introduced by Emerson, and it is meant to ensure balanced operations against backpressure in order to boost performance and reduce ownership costs. They have a bellows leak detection system, which allows for remote detection of bellows ruptures in the valves and lowers volumetric emission.
- In 2022, The series of additively manufactured/3D printed diaphragm values made of unique alloy material were introduced by KSB SE & CO. KGaA. The pharmaceutical industry was the focus of the new valves' design.
- In 2022, The valve and pulp businesses of Flowrox, a technology company with headquarters in Finland, have been acquired by Neles, a leading provider of flow control solutions worldwide. Neles wants to increase its product offering and exposure to the mining and metals sector through this acquisition.
- In 2022, Meggitt PLS, a global leader in the aerospace, defense, and energy markets, was successfully acquired by Parker Hannifin Corporation. Industrial valves and control systems are among the wide range of technologies and goods it offers.
- In 2020, The U.S. Environmental Protection Agency presented the Energy Star Partner of the Year Award to Hayward Industries, Inc., a company that manufactures equipment for residential and commercial swimming pools. According to tests, Hayward provides the pool with variable-speed pumps that are the most energy-efficient. The company will benefit from this award in terms of increased brand value and global recognition.
Europe Industrial Valves Market Scope
The industrial valves market is segmented on the basis of component, type, function, material, accessories, size, application, The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Components
- Actuators
- Valve body
- Others
- Positioners
- I/P Converters
Type
- Gate Valve
- Globe Valve
- Ball Valve
- Butterfly Valve
- Diaphragm Valve
- Check Valve
- Plug Valve
- Pinch Valve
- Needle Valve
- Pressure Relief Valve
- Safety Valve
- Others
Function
- On/Off
- Control
- Isolation
- Regulation
- Safety Relief Valve
- Special Purpose
- Non-Return
Material
- Iron
- Ductile
- Cast Iron
- Carbon Steel
- Alloy
- Plastic
- Brass
- Bronze
- Copper
- Cryogenic
- Aluminium
- Others
Accessories
- Hydraulic Filter
- Power Cable
- Mounting Screw & Bolts
- Seal Kits
- Dust Protection Cover
- Others
Size
- 1 Inch to 6 Inch
- 6 Inch to 12 Inch
- 12 Inch to 24 Inch
- 24 Inch to 48 Inch
- Above 48 Inch
Application
- Oil and Gas
- Building and Construction
- Semiconductors
- Water and Waste Treatment
- Chemical
- Energy and Utilities
- Food and Beverages
- Pharmaceutical
- Agriculture
- Marine
- Automotive
- Metals and Mining
- Paper and Pulp
- Others
- Textile
- Glass
Industrial Valves Market Regional Analysis/Insights
The industrial valves market is analysed and market size insights and trends are provided by component, type, function, material, accessories, size, and application as referenced above.
The countries covered in the industrial valves market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and Rest of Europe in Europe
Germany accounted largest market share is owing to ongoing government and municipal projects for water and wastewater treatment, rising expenditure on oil and gas exploration activities in the countries.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Valves Market Share Analysis
The industrial valves market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial valves market.
Some of the major players operating in the industrial valves market are:
- Emerson Electric Co. (U.S.)
- Flowserve Corporation (U.S.)
- Crane Company (U.S.)
- IMI (U.K.)
- Velan Inc. (Canada)
- KITZ Corporation (Japan)
- Neway valve (China)
- AVK Holding A/S (Denmark)
- Metso (Finland)
- Spirax Sarco Limited. (U.K.)
- Johnson Controls (Ireland)
- Powell Valves (U.S.)
- Curtiss-Wright. (U.S.)
- Mueller Co. LLC. (U.S.)
- Crane Co., CRANE ChemPharma & Energy Corp (U.S.)
- The Weir Group PLC (U.K.)
- Wärtsilä Finland)
- Bray International (U.S.)
- Dwyer Instruments LTD (U.S.)
- Watts (U.S.)
- Bonney Forge Corporation (U.S.)
- NIBCO Inc. (U.S.)
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