- In January 2024, PJ Valves, a leading global player in the valve and actuator industry, completed a significant expansion of its factory in Pune, India. This expansion highlights the company's commitment to innovation and enhances its production capabilities, particularly increasing its manufacturing capacity for ball and butterfly valves by over 2.5 times to meet growing customer demands
- In January 2024, Emerson Electric Co. launched the Fisher 63EGLP-16 Pilot Operated Relief Valve, specifically designed for use in pressurized bullet tanks that store liquid propane and anhydrous ammonia. Certified by UL132 and the American Society of Mechanical Engineers, this valve is tailored for the chemical industry and will be crucial for the forecasted demand in this sector
- In October 2023, AVK Group acquired several companies, including Bayard S.A.S, Talis Flow Control (Shanghai) Co. Ltd., Belgicast International S.L., as well as sales companies in Italy and Portugal proficient in manufacturing Industrial Valves. This strategic acquisition is expected to support the company’s growth and expansion in the global market
- In October 2023, Burhani Engineers Ltd. launched a valves testing and rehabilitation hub in Nairobi, Kenya. The facility aims to reduce repair and maintenance costs for existing valves in industries such as oil and gas, power, mining, and others
- In June 2023, Flowserve Corporation introduced its Valtek Valdisk high-performance butterfly valve. Designed for use in chemical plants, oil refineries, and other facilities requiring control valves, this new product offers enhanced reliability and performance for critical industrial applications
Frequently Asked Questions
The market is segmented based on Segmentation, By 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) – Industry Trends and Forecast to 2032
.
The Global Industrial Valves Market size was valued at USD 82.82 USD Billion in 2024.
The Global Industrial Valves Market is projected to grow at a CAGR of 4.06% during the forecast period of 2025 to 2032.
The major players operating in the market include - Emerson Electric Co., Schlumberger Limited., Flowserve Corporation, IMI, Metso Corporation, GE VALVE, Curtiss-Wright Corporation, Crane Co., Neway valve, McWane , ALFA LAVAL, Rotork, KITZ Corporation, KSB SE & Co. KGaA, Velan , Honeywell, Spirax-Sarco Engineering plc, SAMSON AG, Forbes Marshall, Swagelok Company, among others-.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
