Global Industrial Valves Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Butterfly Valve, Ball Valve, Globe Valve, Gate Valve, Plug Valve, and Other Types.By Product;
Quarter-turn Valve, Multi-turn Valve, and Other Products (Control Valves).By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Industrial Valves Market (USD Million), 2021 - 2031
In the year 2024, the Global Industrial Valves Market was valued at USD 71,061.33 million. The size of this market is expected to increase to USD 108,984.87 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.3%.
The Global Industrial Valves Market is a critical segment within the broader industrial equipment and machinery sector, essential for regulating the flow of liquids, gases, and slurries in various industries. These valves play a vital role in numerous applications, including oil and gas, water and wastewater treatment, power generation, chemical processing, and more. The demand for industrial valves is closely tied to industrial activities and infrastructure development, making it a barometer of economic health and industrial growth.
In recent years, the market has witnessed significant advancements in valve technologies, driven by the need for higher efficiency, better control, and enhanced safety. Innovations such as smart valves, which integrate sensors and automation technologies, are gaining traction, allowing for real-time monitoring and remote operation. This trend is especially prominent in industries that require precise control and monitoring, such as chemical processing and power generation.
Geographically, the market's growth is propelled by emerging economies, particularly in Asia-Pacific and Latin America, where industrialization and urbanization are leading to increased infrastructure investments. Meanwhile, developed regions like North America and Europe focus on upgrading aging infrastructure and adhering to stringent environmental regulations, further fueling demand for advanced valve solutions. The interplay of these factors makes the Global Industrial Valves Market a dynamic and evolving landscape.
Global Industrial Valves Market Recent Developments
- In February 2024, Beijer Tech, a subsidiary of Beijer Alma, agreed to acquire 100% of AVS Power Oy, a Finnish technical wholesaler and manufacturer of pneumatics, industrial valves, and compressors. The acquisition aligns with Beijer Alma's value-adding strategy and is expected to boost earnings per share slightly.
- In November 2023, Tecnik Fluid Controls formed a joint venture with United States-based ITT Industries Inc. to manufacture industrial valves for the pharmaceutical industry in India. ITT invested in the project and transferred the necessary technology.
Segment Analysis
The global industrial valves market is categorized based on type, product, and geography, each contributing to the diversity and growth of the industry. By type, industrial valves are segmented into categories such as ball valves, gate valves, globe valves, butterfly valves, check valves, and others. These valves are used in various industrial applications to control the flow of liquids, gases, and slurries, offering critical solutions for fluid regulation across numerous sectors.
In terms of product segmentation, the industrial valves market includes manual valves, automatic valves, and smart valves. Manual valves require human intervention to operate, while automatic valves are designed for automatic operation without the need for manual control. Smart valves, on the other hand, are equipped with advanced sensors and technologies that provide enhanced control, monitoring, and communication features, making them suitable for highly sophisticated industrial processes. Each product type is designed to cater to specific operational needs, ensuring efficient flow management and safety.
Geographically, the industrial valves market is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America and Europe are major markets, driven by advancements in automation and industrialization, while the Asia-Pacific region is witnessing rapid growth due to increasing demand in emerging economies like China and India. The demand for industrial valves in these regions is also influenced by the growth of industries like oil and gas, water and wastewater treatment, chemicals, and power generation. Each region exhibits unique trends and market dynamics, contributing to the overall expansion of the global industrial valves market.
Global Industrial Valves Segment Analysis
In this report, the Global Industrial Valves Market has been segmented by Type, Product and Geography.
Global Industrial Valves Market, Segmentation by Type
The Global Industrial Valves Market has been segmented by Type into Butterfly Valve, Ball Valve, Globe Valve, Gate Valve, Plug Valve and Other Types.
Categorized by a variety of valve types, each serving specific functions in industrial applications. Butterfly Valves are known for their compact design and efficient shut-off capabilities, making them suitable for systems requiring frequent operation and flow control. Ball Valves offer reliable sealing and are favored for their durability and ease of maintenance, often used in applications where a tight shut-off is crucial.
Globe Valves are primarily utilized for regulating flow, providing precise control, which is essential in industries like oil and gas, where process accuracy is critical. Gate Valves, on the other hand, are designed for fully open or fully closed service, ideal for systems that do not require frequent operation. Plug Valves offer a simple yet effective mechanism for flow control and are commonly used in industries handling corrosive or high-viscosity fluids.
Additionally, the category of Other Types encompasses various specialized valves, including check valves, pressure relief valves, and control valves, which are tailored to specific industrial needs. This comprehensive segmentation ensures that the diverse requirements of different industrial processes are met, enhancing operational efficiency and safety.
Global Industrial Valves Market, Segmentation by Product
The Global Industrial Valves Market has been segmented by Product into Quarter-turn Valve, Multi-turn Valve, and Other Products.
Quarter-turn valves, such as ball and butterfly valves, are widely used due to their simplicity and ease of operation, making them popular in industries like oil & gas and water treatment. These valves require a 90-degree turn to open or close, offering quick shut-off capabilities.
Multi-turn valves, including globe and gate valves, are preferred in applications where precise flow control is essential. These valves require multiple turns of the actuator to open or close, allowing for finer control over fluid flow. This segment is crucial in industries like chemical processing, power generation, and pharmaceuticals, where precise flow regulation is critical.
The "Other Products" category encompasses a range of valves, including plug valves, check valves, and safety valves, which serve specialized functions across various industrial sectors. This segment addresses specific needs such as backflow prevention, pressure relief, and directional control in pipelines, ensuring the safe and efficient operation of industrial systems.
Global Industrial Valves Market, Segmentation by Geography
In this report, the Global Industrial Valves Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Industrial Valves Market Share (%), by Geographical Region, 2024
The Global Industrial Valves Market's geographic segmentation reveals distinct regional trends and demands. In North America and Europe, stringent environmental regulations and a focus on energy efficiency drive the market, with a high demand for advanced and automated valve systems. These regions also benefit from well-established industrial infrastructure and significant investment in modernization and maintenance.
Asia-Pacific, led by countries like China and India, represents the largest and fastest-growing market segment. This growth is fueled by rapid industrialization, urbanization, and expansion in sectors such as oil & gas, chemicals, and power generation. The region's increasing investments in infrastructure and industrial projects also significantly contribute to the market's expansion.
Latin America and the Middle East & Africa are witnessing steady growth in the industrial valves market. In Latin America, growth is driven by the oil & gas and mining sectors, while in the Middle East & Africa, the market benefits from investments in the oil & gas industry and infrastructure development. These regions present opportunities for market expansion, particularly in developing economies.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Industrial Valves Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunities Analysis
Drivers:
- Infrastructure Expansion
- Energy Demand Growth
- Technological Advancements
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Environmental Regulations- Environmental regulations play a crucial role in shaping the industrial valves market. These regulations often mandate industries to adhere to specific standards for emissions and waste management, driving the need for advanced valves that can control and reduce environmental impact. For example, industries such as oil and gas, chemicals, and power generation require valves that can withstand corrosive and high-pressure environments while minimizing leaks and emissions.
Moreover, stricter environmental regulations globally are pushing industries to adopt more sustainable practices, including the use of environmentally friendly materials and technologies. This trend is leading to increased demand for valves with enhanced durability, reliability, and efficiency. As industries seek to comply with these regulations, the market for advanced industrial valves is expected to grow, providing opportunities for manufacturers to innovate and meet the evolving requirements.
Restraints:
- High Initial Costs
- Market Saturation Risks
- Skilled Labor Shortage
-
Economic Uncertainty- Economic uncertainty significantly impacts the industrial valves market, influencing both supply and demand dynamics. During periods of economic instability, industries often delay or reduce capital investments in new projects, including the procurement of industrial equipment like valves. This caution affects sectors such as oil and gas, manufacturing, and construction, where large-scale projects are sensitive to economic fluctuations. As a result, the market experiences a slowdown in growth, with businesses prioritizing essential maintenance and operational needs over expansion or new installations.
Furthermore, economic uncertainty can lead to volatility in raw material prices and supply chain disruptions, which in turn affect the production costs and availability of industrial valves. Manufacturers may face challenges in maintaining profitability and competitiveness, especially when dealing with fluctuating demand and cost pressures. Companies may also adopt more conservative purchasing strategies, seeking cost-effective solutions rather than investing in high-end or innovative valve technologies during uncertain times.
Opportunities:
- Digitalization and IoT
- Emerging Markets Growth
- Renewable Energy Integration
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Replacement Demand- Replacement demand is a key driver in the industrial valves market, as existing infrastructure in various industries requires regular maintenance and upgrading. Over time, industrial valves are subject to wear and tear, corrosion, and other forms of degradation that can impair their functionality. This necessitates periodic replacement to ensure safety, efficiency, and compliance with operational standards. Sectors such as power generation, water treatment, and chemical processing, which operate under harsh conditions, often experience significant replacement demand due to the high-stress environments in which valves operate.
In addition to wear and tear, technological advancements and regulatory changes also contribute to replacement demand. As new, more efficient valve designs become available, industries are motivated to replace older models to improve performance, reduce energy consumption, and meet stricter environmental and safety regulations. This ongoing need for replacement creates a steady demand in the market, offering a stable revenue stream for valve manufacturers and suppliers.
Competitive Landscape Analysis
Key players in Global Industrial Valves Market include:
- Schlumberger Limited
- Emerson Electric Co.
- Flowserve Corporation
- IMI PLC
- Crane Co.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Product
- Market Snapshot, By Region
- Global Industrial Valves Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Infrastructure Expansion
- Energy Demand Growth
- Technological Advancements
- Environmental Regulations
- Restraints
- High Initial Costs
- Market Saturation Risks
- Skilled Labor Shortage
- Economic Uncertainty
- Opportunities
- Digitalization and IoT
- Emerging Markets Growth
- Renewable Energy Integration
- Replacement Demand
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Industrial Valves Market, By Type, 2021 - 2031 (USD Million)
- Butterfly Valve
- Ball Valve
- Globe Valve
- Gate Valve
- Plug Valve
- Other Types
- Global Industrial Valves Market, By Product, 2021 - 2031 (USD Million)
- Quarter-turn Valve
- Multi-turn Valve
- Other Products (Control Valves)
- Global Industrial Valves Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Industrial Valves Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Schlumberger Limited
- Emerson Electric Co.
- Flowserve Corporation
- IMI PLC
- Crane Co
- Company Profiles
- Analyst Views
- Future Outlook of the Market