Middle East and Africa Industrial Valves Market – Industry Trends and Forecast to 2030

Middle East and Africa Industrial Valves Market Analysis and Size

Industrial valves are mechanical or electromechanical parts that regulate the flow of liquids, gases, slurries, and other substances through pipes and tubes in various industries. Pressure control, shut-on/off requirements, and other regulatory requirements are among the functions of different industrial valve types. Industrial valves come in various sizes and shapes, regulating, controlling, and turning on and off processes. In addition, industrial valves with high levels of automation and control operate more effectively in risky settings such as nuclear power plants, oil and gas fields, and chemical processing. The amount of liquid waste that passes through pipes and valves has decreased through automation technologies, which lowers costs.

Data Bridge Market Research analyses that the industrial valves market, valued at USD 77,081.35 million in 2022, will reach USD 1,24,722.69 million by 2030, growing at a CAGR of 6.2% from 2023 to 2030. “Oil and gas” dominates in application segment due to increase in its usage in the region. 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.

Middle East and Africa Industrial Valves Market Scope and Segmentation

Market Definition

Mechanical industrial valves are used by businesses to control the flow of fluids through piping systems, including liquids, gases, and slurries. They can control the flow by enlarging, constricting, or partially obstructing the passage. They can also regulate backflow, pressure, and temperature. The various sizes and types of valves include gate valves, globe valves, ball valves, and butterfly valves, to name a few. They are essential in industries such as oil and gas, water treatment, power generation, and manufacturing, ensuring processes' safe and efficient operation by controlling fluid flow and maintaining system integrity.

Middle East and Africa Industrial Valves Market  

Drivers

• Industry growth energizes the market

The development and growth of industries such as oil and gas, petrochemicals, power generation, water and wastewater treatment, and manufacturing fuel the demand for industrial valves. As these sectors expand their operations, so does the requirement for valves to control process parameters, regulate fluid flow, and guarantee efficient and secure operations. Valves are essential in these industries for starting, stopping, and modulating fluid flow, maintaining pressure and temperature levels, and preventing backflow or leakage. The development of infrastructure and the expansion of industrial activities in these sectors directly contribute to the rise in demand for industrial valves to support their expanding operations.

• The growth of the market is fueled by technological development

Technological advances in valve design, materials, and automation greatly impact the demand for industrial valves. These advancements bring new capabilities and features to valves, enhancing their performance, dependability, and control. Improved designs optimize fluid flow, which reduces energy consumption and increases effectiveness. Advanced materials offer enhanced toughness, corrosion resistance, and fluid compatibility. Automation technologies enable remote operation, monitoring, and integration with control systems, which improve process control and efficiency. Industries upgrade their existing valves or invest in new ones to benefit from these advancements to improve overall performance, reduce maintenance costs, and optimize their processes for greater productivity and operational excellence.

Opportunities

• Environmental issues are driving market expansion

The demand for industrial valves in green technologies has increased due to rising environmental consciousness and the focus on sustainability. These valves are essential for streamlining processes and reducing environmental impact in pollution prevention, wastewater treatment, and producing renewable energy. Valves control fluid flow in solar thermal systems, wind turbine cooling systems, and hydroelectric power plants. By regulating flow and treatment procedures, using valves in wastewater treatment enables effective and environmentally friendly treatment. In line with the growing emphasis on environmental sustainability, valves support pollution control efforts by regulating emissions, preventing leaks, and maintaining process efficiency.

• Globalization and international trade create market growth

Supply chains have grown, and demand for industrial valves has risen due to industry globalization and increased global trade. Valves are essential in the logistics and shipping industries, where goods are moved, stored, and processed. Valves effectively control fluid flow in tanks, containers, and pipelines, enabling the secure transportation of various goods. As the volume of international trade increases, so does the demand for valves in ports, terminals, warehouses, and transportation networks, which adds to the overall demand for industrial valves. These valves control and handle the movement of goods between various geographical areas.

Restraints/Challenges

• Technological obsolescence restricts the market growth

The industrial valve industry is constrained by technological obsolescence due to how quickly technology develops. As new technologies advance, older valve designs and features may become ineffective and incompatible with contemporary control systems. Industries need to stay on top of technological developments to ensure that their valves are effective, dependable, and flexible enough to adapt to changing industrial processes. Lack of technological adaptation may lead to decreased productivity, higher maintenance costs, and potential system failures. To reduce the risk of technological obsolescence and maintain market competitiveness, ongoing monitoring of technological advancement and proactive valve upgrade spending are required.

• High cost and need for regular maintenance limit the growth

On projects or industries with tight budgets, the price of industrial valves and related installation, maintenance, and repair costs can be a significant constraint. Industrial valves can be expensive up front, particularly those with larger or more specialized designs. Regular maintenance and sporadic repairs are also required to ensure the best valve performance. These processes frequently require downtime, which can impair operational efficiency and disrupt production, especially in sectors with continuous processes. For industries attempting to strike a balance between cost-effectiveness and uninterrupted operations, the expenses associated with valve maintenance and repair and the resulting downtime can present difficulties and financial constraints.

Recent Developments

• In November 2022, the series of additively manufactured/3D printed diaphragm values made of unique alloy material was introduced by KSB SE & CO. KGaA. The pharmaceutical industry was the focus of the design of the new valve
• In March 2022, the valve and pulp businesses of Flowrox, a technology company with headquarters in Finland, were 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

Middle East and Africa Industrial Valves Market Scope

The industrial valves market is segmented based on component, type, function, material, accessories, size, and 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.

Component

• 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 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
• Textile
• Glass

Middle East and Africa Industrial Valves Market Regional Analysis/Insights

The industrial valves market is analysed and market size insights and trends are provided by country, component, type, function, material, accessories, size, and application, as referenced above.

The countries covered in the industrial valves market report are Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and rest of Middle East and Africa.

Saudi Arabia dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region's dominance are increasing industrial activities and the growing no. of manufacturing plants for oil and gas, chemical, and water. This results in increasing the demand for industrial valves that have the capability of handling high pressure.

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 regional 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.

Ultra-Wideband Infrastructure Growth Installed Base and New Technology Penetration

The Middle East and Africa industrial valves market also provides you with detailed market analysis for every country growth in technology expenditure for capital equipment, installed base of different kind of products for Middle East and Africa industrial valves market, impact of technology using life line curves and changes in ultra-wideband regulatory scenarios and their impact on the Middle East and Africa Industrial Valves market. The data is available for historic period 2015-2020.

Competitive Landscape and Middle East and Africa 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 the 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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