Industrial Valves Market Trends

Skyquest Technology's expert advisors have carried out comprehensive research on the industrial valves market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.

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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FAQs

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).

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. 'Emerson Electric Co.', 'Velan Inc.', 'AVK Water', 'BEL Valves Limited.', 'SLB.', 'Flowserve Corporation.', 'KLINGER', 'GG Valves Private Limited', 'LESER GmbH & Co. KG'

Expansion of Oil & Gas Industry

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.

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.

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Global Industrial Valves Market
Industrial Valves Market

Report ID: SQMIG20I2330

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