USD 76.06 Billion
Global Industrial Valves Market Size, Share, Growth Analysis, By Product (Ball Valve, Safety Valve), By Application (Oil & Gas, Water & Waste Water), By Region -Industry Forecast 2025-2032
Report ID:
SQMIG20I2294 |
Region:
Global |
Published Date: January, 2025
Pages:
187
|Tables:
63
|Figures:
64
Industrial Valves Market Insights
Global industrial valves market size was valued at USD 76.06 Billion in 2023 and is expected to rise from USD 79.40 Billion in 2024 to reach a value of USD 112.06 Billion by 2032, at a CAGR of 4.4% during the forecast period (2025-2032).
Rapid industrialization around the world and expansion of the oil & gas industry are slated to be primary factors driving the demand for industrial valves. Increasing global population has also resulted in a high demand for potable water, which in turn, is projected to uplift the adoption of industrial valves in water and wastewater treatment applications. The high emphasis on enhancing the efficiency of manufacturing activity around the world is also forecasted to create new opportunities for industrial valve companies in the future. Rising use of industrial valves in food & beverage and power generation industry verticals is also slated to boost the sales of industrial valves going forward. On the contrary, high costs of installation and maintenance, competitive pricing pressure from local companies, and volatile raw material pricing are some key restraints troubling industrial valve providers around the world.
Market snapshot - (2025-2032)
Global Market Size
Largest Segment
Ball Valve
Fastest Growth
Safety Valve
Growth Rate
4.4% CAGR
Global Industrial Valves Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Industrial Valves Market Segmental Analysis
The global industrial valves market is segmented based on product, application, and region. Based on product, the market can be segmented into gate valve, globe valve, ball valve, butterfly valve, safety valve, plug valve, and other valves. Based on application, the market is segmented into aerospace and defense, automotive, oil & gas, chemical, energy & power, water & wastewater, pulp & paper, food & beverage, and others. Based on the Region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Analysis by Product
Ball valves are projected to account for substantial industrial valves market share over the coming years. High efficacy of these valves in providing accurate flow control for a variety of industrial applications across multiple verticals is helping it maintain its dominance. Trunnion, floating, and threaded series ball valves are highly sought-after by industries around the world. Continual innovation and new launches of ball valves are also allowing them to hold sway over other types of industrial valves. Compact and lightweight nature coupled with low maintenance makes ball valves a preferred choice in several industrial applications going forward.
Meanwhile, the demand for safety valves is estimated to rise at an impressive pace across the study period and beyond. Growing emphasis on improving safety of industrial machinery and implementation of stringent workplace safety regulations around the world are boosting the adoption of safety valves. Safety valves are also used to minimize the risk of contamination in industrial operations. These valves are crucially important to protect industrial equipment from damage and reduce the need for maintenance and downtime in industrial operations. The oil and gas industry is expected to emerge as a prominent end user of safety valves at large in the long run.
Analysis by Application
The oil & gas application segment to projected to spearhead the global industrial valves market forecast over the coming years. Rising investments in oil & gas exploration activities to meet the surging demand for energy around the world is estimated to primarily contribute to the dominance of this segment. Growing emphasis on improving efficiency and safety of oil & gas operations is also expected to favor the adoption of industrial valves in the future. Reducing the risk of corrosion, extending the life of equipment, and regulating proper flow and pressure are some key functions of industrial valves in an oil & gas industry setting.
Meanwhile, the demand for industrial valves is forecasted to rise at a healthy CAGR for water and wastewater applications across the study period. The rapidly increasing global population and their demand for potable water are boosting the demand for water treatment around the world. Industrial valves play a vital role in regulating the flow of water, optimization of the treatment process, and the prevention of leaks and contamination. Valves are crucial in maintaining proper water supply as they allow complete shut-off and also prevent backflow to ensure dependable water supply services are maintained.
Global Industrial Valves Market By Product
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Industrial Valves Market Regional Insights
The Asia Pacific region is expected to secure the top spot in terms of industrial valves demand going forward. The presence of a robust manufacturing industry and growing urbanization and industrialization make this region a highly opportune market for industrial valves suppliers. The availability of cheap labor and raw materials also attracts industrial valves manufacturers to this region. China is forecasted to be the largest market in this region followed by India and Japan. High power generation and automotive manufacturing activity in this region is also expected to present new opportunities for industrial valves providers in the long run.
Meanwhile, the demand for industrial valves in North America is estimated to rise at a notable pace going forward. High investments in oil & gas exploration, increasing industrialization to reduce reliance on imports, and imposition of stringent regulations for industrial safety are some key factors that offer lucrative business scope for industrial valves companies. The United States is forecasted to be the most opportune market in this region through 2031 and beyond. Rising use of automation and advanced manufacturing technologies is expected to bolster the sales of smart valves in North America over the coming years.
Global Industrial Valves Market By Region
- Largest
- Fastest
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Industrial Valves Market Dynamics
Drivers
- Expansion of Oil & Gas Industry
Growing demand for petroleum products and rising demand for energy around the world has led to significant expansion of the oil & gas industry. Industrial valves play a vital role in controlling flow, pressure, and maintaining safety in oil & gas establishments, which is expected to make them a mainstay in the expanding oil & gas industry going forward.
- Emphasis on Efficiency and Productivity
Industrial establishments around the world are battling with high energy costs and the use of industrial valves can help industries improve their efficiency. Chemical, power generation, and pharmaceuticals are some key industries where the demand for industrial valves is projected to be high. Use of industrial valves can also help companies comply with regulations and promote sustainability as well.
Restraints
- Competitive Pricing Pressure
The presence of local industrial valves manufacturers in all parts of the world has created competitive pricing pressure on international companies as they often offer products at a cheaper price. Sales of industrial valves from international companies are severely impacted by this competitive pricing, especially in price sensitive markets thereby hurting industrial valves market outlook.
- High Costs of Deployment and Maintenance
Industrial valves, especially the ones used in critical applications, are quite expensive and require maintenance to ensure proper functioning of the same. Installation, calibration, and periodic maintenance add up to the overall cost of operation for industries and thereby also limit the sales of industrial valves to a certain extent going forward.
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Industrial Valves Market Competitive Landscape
Industrial valve manufacturers should focus on developing novel products that stand out from the competition. Investing in the development of smart valves equipped with advanced technologies is also estimated to be a key strategy for industrial valves providers in the future. Product innovation is estimated to play a vital role in helping industrial valves companies maximize their revenue generation potential through 2031 and beyond.
Top Player’s Company Profiles
- Emerson Electric Co.
- Velan Inc.
- AVK Water
- BEL Valves Limited.
- SLB.
- Flowserve Corporation.
- KLINGER
- GG Valves Private Limited
- LESER GmbH & Co. KG
Recent Developments
- In October 2024, TLX Technologies, a leading valve manufacturer from Wisconsin, United States announced the launch of new components for its modular valve lineup. These new 4-Way and 3-Way Switching Valves are designed to be used across multiple vehicle platforms to offer flexibility for designers.
- In February 2024, Valmet, a leading Finnish provider of valves announced the launch of its new ball valve offering. Neles™ XH series trunnion mounted metal seated ball valve was launched for use in chemical and petrochemical plants, oil and gas refining, power plants, and other industry verticals.
- In September 2024, DeltaValve and TapcoEnpro, leading providers of severe service industrial valves were acquired by SCF Partners Inc. The companies are expected to benefit from SCF’s longstanding expertise and influence on the global energy industry as they focus on expanding their business further.
Industrial Valves Key Market Trends
- Development of Smart Valves: Industrial valve companies can focus on integration of Internet of Things (IoT) and other smart technologies to create smart valves equipped with sensors. Growing use of automation in industrial settings is projected to make this a prominent industrial valves market trend for companies in the long run.
- Use of Corrosion-resistant Materials: Industrial valve manufacturers are expected to explore the use of corrosion-resistant materials to make their offerings more durable and long-lasting. Corrosion has been a long-standing enemy of industrial equipment and companies resolving this issue might be able to make a fortune in the long run if they invest in product innovation.
Industrial Valves Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rapid industrialization around the world and growing emphasis on safety in industries are expected to bolster industrial valve demand in the future. However, competitive pricing pressure and high costs of deployment and maintenance are projected to slow down industrial valve market growth in the future. The presence of strong industrial infrastructure and growing automotive manufacturing are helping the Asia Pacific region emerge as the leading market for industrial valves companies in the world. Development of smart valves is expected to pay off big time for all industrial valves providers in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 76.06 Billion |
| Market size value in 2032 | USD 112.06 Billion |
| Growth Rate | 4.4% |
| Base year | 2024 |
| Forecast period | (2025-2032) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Industrial Valves Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Industrial Valves Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Industrial Valves Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Industrial Valves Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Industrial Valves Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Industrial Valves Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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