PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515481
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515481
Asia Pacific Industrial Valve Market, By Product, By Valve Type, By Material Type, By End-User, By Country - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
REPORT HIGHLIGHT
Asia Pacific Industrial Valve Market was valued at USD 20,897.23 million in 2023, expanding at a CAGR of 6.1% from 2024 to 2032.
Industrial valves are mechanical devices that regulate the movement of liquids or gases within a system by either opening, closing, or partially obstructing passages. These valves are specifically designed to withstand high pressure and harsh environments, ensuring their durability over many years of use. Their significance lies in their ability to control the flow of fluids, gases, and other substances in piping systems, making them crucial components in various industrial processes. From the production of food and beverages to oil and gas extraction, as well as in the chemical, pharmaceutical, and general manufacturing industries, including cryogenic applications, these valves play a vital role in ensuring the safe and efficient operation of diverse applications.
Asia Pacific Industrial Valve Market- Market Dynamics
The Asia Pacific Industrial Valve market is expected to experience a surge in demand due to the growing needs in the Oil and Gas Industry
The Asia Pacific region plays a crucial role in both consuming and producing oil and gas. To ensure safe and efficient operations in the ongoing exploration, production, and transportation activities in this sector, a wide range of industrial valves are required. To enhance operational efficiency, safety, and monitoring capabilities, the oil and gas industry is increasingly embracing automated and smart valve solutions. According to the International Energy Administration, China had record oil and gas imports in 2018 and currently holds the position of the world's top crude oil importer, surpassing the United States in 2017. Additionally, China is the second-largest natural gas importer, following Japan. Despite being the fifth-largest oil producer globally, China is committed to environmental cleanup and reducing reliance on coal. This commitment, along with significant investments in infrastructure projects like manufacturing plants, water treatment facilities, and power generation plants, presents substantial opportunities for valve manufacturers. However, the market growth may be limited by the high initial costs associated with these valves.
Asia Pacific Industrial Valve Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.1% over the forecast period (2024-2032)
Based on Valve Type segmentation, Globe Valves was predicted to show maximum market share in the year 2023
Based on End-User segmentation, Oil and Gas was the leading type in 2023
Based on countries, China was the leading revenue generator in 2023
Asia Pacific Industrial Valve Market- Segmentation Analysis:
The Asia Pacific Industrial Valve Market is segmented based on product, Valve Type, Material Type, End-User, and Country.
The market is segmented into six distinct categories according to the type of product: Gate Valves, Globe Valves, Ball Valves, Butterfly Valves, Check Valves, Plug Valves, and Others. Among these categories, Globe Valves holds a dominant position in the market. This category encompasses a diverse range of valve types, including globe valves, which find extensive applications in various industries such as oil and gas, water and wastewater treatment, power generation, chemicals, and more.
The market is divided into two categories based on Valve Type: Manual Valves and Automatic Valves. Each type serves specific purposes and is favored in different applications depending on the requirements for control, automation, and operational efficiency.
The market is divided into four categories based on Material Type: Cast Iron Valves, Steel Valves, Alloy Valves, Bronze Valves, and Others. The Asia Pacific industrial valve market is diverse and rapidly growing, with various material types used to meet the specific needs of different industries. The choice of material affects the valve's performance, durability, and suitability for particular applications.
The market is segmented into ten sectors according to the end-users they serve. These sectors include 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, and Others. Among these sectors, Oil and Gas holds a significant share in the market. The Asia Pacific industrial valve market catering to the oil and gas sector is expected to experience robust growth. This growth can be attributed to the rising energy demand, ongoing exploration activities, and investments in oil and gas infrastructure.
Asia Pacific Industrial Valve Market- Geographical Insights
The analysis of the Asia Pacific Industrial Valve market encompasses nations such as India, China, South Korea, Japan, Australia, Thailand, Indonesia, and the Philippines, in addition to the remaining countries in the Asia Pacific (APAC) region. China dominates the Industrial Valve market with the largest market share. China stands out as one of the primary markets for industrial valves worldwide, propelled by significant industrial growth, infrastructure initiatives, and swift urban development.
Asia Pacific Industrial Valve Market- Competitive Landscape:
The competitive landscape of the Asia Pacific Industrial Valve Market is shaped by key players who strive for market share through product quality, technological innovation, pricing, and customer service. These companies are committed to investing significantly in research and development to introduce cutting-edge valve technologies, such as smart valves integrated with IoT and improved automation features. Moreover, these industry leaders provide a wide array of valves tailored to meet the diverse needs of various sectors, including customized solutions for specific requirements. Efforts are also directed towards streamlining production processes and supply chains to effectively manage costs and deliver competitive pricing while upholding high standards of quality. Additionally, a strong emphasis is placed on fostering enduring customer relationships by offering comprehensive after-sales support, maintenance services, and technical assistance.
Recent Developments:
In November 2023, Emerson unveiled its groundbreaking Fisher Whisper Trim Technology, designed for application in rotary and globe valves. This cutting-edge advancement expands Emerson's existing range of Whisper noise solutions. The latest iteration of Fisher Whisper Trim technology tackles noise concerns by employing additive manufacturing and other advanced methodologies to develop trim designs with enhanced functionalities.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
ASIA PACIFIC INDUSTRIAL VALVE MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
Emerson Electric Co.
Schlumberger N.V.
IMI Plc.
Crane Co.
Flowserve Corporation
Metso Outotec Corporation
The Weir Group PLC
AVK Holding A/S
Avcon Controls Pvt. Ltd.
Forbes Marshall Pvt. Ltd
Others
ASIA PACIFIC INDUSTRIAL VALVE MARKET, BY PRODUCT TYPE - MARKET ANALYSIS, 2019 - 2032
Gate Valves
Globe Valves
Ball Valves
Butterfly Valves
Check Valves
Plug Valves
Others
ASIA PACIFIC INDUSTRIAL VALVE MARKET, BY VALVE TYPE - MARKET ANALYSIS, 2019 - 2032
Manual Valves
Automatic Valves
ASIA PACIFIC INDUSTRIAL VALVE MARKET, BY MATERIAL TYPE- MARKET ANALYSIS, 2019 - 2032
Cast Iron Valves
Steel Valves
Alloy Valves
Bronze Valves
Others
ASIA PACIFIC INDUSTRIAL VALVE MARKET, BY End-User - MARKET ANALYSIS, 2019 - 2032
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
ASIA PACIFIC INDUSTRIAL VALVE MARKET, BY COUNTRY- MARKET ANALYSIS, 2019 - 2032
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Table of Contents
1. Asia Pacific Industrial Valve Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Asia Pacific Industrial Valve Market Snippet by Product
- 2.1.2. Asia Pacific Industrial Valve Market Snippet by Valve Type
- 2.1.3. Asia Pacific Industrial Valve Market Snippet by Material Type
- 2.1.4. Asia Pacific Industrial Valve Market Snippet by End-User
- 2.1.5. Asia Pacific Industrial Valve Market Snippet by Country
- 2.1.6. Asia Pacific Industrial Valve Market Snippet by Region
- 2.2. Competitive Insights
3. Asia Pacific Industrial Valve Key Market Trends
- 3.1. Asia Pacific Industrial Valve Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Asia Pacific Industrial Valve Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Asia Pacific Industrial Valve Market Opportunities
- 3.4. Asia Pacific Industrial Valve Market Future Trends
4. Asia Pacific Industrial Valve Industry Study
- 4.1. PEST Analysis
- 4.2. Porter's Five Forces Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Asia Pacific Industrial Valve Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Asia Pacific Industrial Valve Market Landscape
- 6.1. Asia Pacific Industrial Valve Market Share Analysis, 2023
- 6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis
7. Asia Pacific Industrial Valve Market - By Product
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Product, 2023 & 2032 (%)
- 7.1.2. Gate Valves
- 7.1.3. Globe Valves
- 7.1.4. Ball Valves
- 7.1.5. Butterfly Valves
- 7.1.6. Check Valves
- 7.1.7. Plug Valves
- 7.1.8. Others
8. Asia Pacific Industrial Valve Market - By Valve Type
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Valve Type, 2023 & 2032 (%)
- 8.1.2. Manual Valves
- 8.1.3. Automatic Valves
9. Asia Pacific Industrial Valve Market - By Material Type
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By Material Type, 2023 & 2032 (%)
- 9.1.2. Cast Iron Valves
- 9.1.3. Steel Valves
- 9.1.4. Alloy Valves
- 9.1.5. Bronze Valves
- 9.1.6. Others
10. Asia Pacific Industrial Valve Market - By End-User
- 10.1. Overview
- 10.1.1. Segment Share Analysis, By End-User, 2023 & 2032 (%)
- 10.1.2. Oil and Gas
- 10.1.3. Building and Construction
- 10.1.4. Semiconductors
- 10.1.5. Water and Waste Treatment
- 10.1.6. Chemical, Energy and Utilities
- 10.1.7. Food and Beverages
- 10.1.8. Pharmaceutical
- 10.1.9. Agriculture
- 10.1.10. Marine
- 10.1.11. Automotive
- 10.1.12. Metals and Mining
- 10.1.13. Paper and Pulp
- 10.1.14. Others
11. Asia Pacific Industrial Valve Market- By Geography
- 11.1. Introduction
- 11.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
- 11.2. Asia Pacific (APAC)
- 11.2.1. Overview
- 11.2.2. Asia Pacific Industrial Valve Key Manufacturers in Asia Pacific
- 11.2.3. Asia Pacific Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.2.4. Asia Pacific Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 11.2.5. Asia Pacific Market Size and Forecast, By Valve Type, 2019 - 2032 (US$ Million)
- 11.2.6. Asia Pacific Market Size and Forecast, By Material Type, 2019 - 2032 (US$ Million)
- 11.2.7. Asia Pacific Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.2.8. India
- 11.2.8.1. Overview
- 11.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.2.8.3. India Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 11.2.8.4. India Market Size and Forecast, By Valve Type, 2019 - 2032 (US$ Million)
- 11.2.8.5. India Market Size and Forecast, By Material Type, 2019 - 2032 (US$ Million)
- 11.2.8.6. India Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.2.9. China
- 11.2.9.1. Overview
- 11.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.2.9.3. China Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 11.2.9.4. China Market Size and Forecast, By Valve Type, 2019 - 2032 (US$ Million)
- 11.2.9.5. China Market Size and Forecast, By Material Type, 2019 - 2032 (US$ Million)
- 11.2.9.6. China Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.2.10. Japan
- 11.2.10.1. Overview
- 11.2.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.2.10.3. Japan Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 11.2.10.4. Japan Market Size and Forecast, By Valve Type, 2019 - 2032 (US$ Million)
- 11.2.10.5. Japan Market Size and Forecast, By Material Type, 2019 - 2032 (US$ Million)
- 11.2.10.6. Japan Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.2.11. South Korea
- 11.2.11.1. Overview
- 11.2.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.2.11.3. South Korea Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 11.2.11.4. South Korea Market Size and Forecast, By Valve Type, 2019 - 2032 (US$ Million)
- 11.2.11.5. South Korea Market Size and Forecast, By Material Type, 2019 - 2032 (US$ Million)
- 11.2.11.6. South Korea Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.2.12. Australia
- 11.2.12.1. Overview
- 11.2.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.2.12.3. Australia Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 11.2.12.4. Australia Market Size and Forecast, By Valve Type, 2019 - 2032 (US$ Million)
- 11.2.12.5. Australia Market Size and Forecast, By Material Type, 2019 - 2032 (US$ Million)
- 11.2.12.6. Australia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.2.13. Thailand
- 11.2.13.1. Overview
- 11.2.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.2.13.3. Thailand Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 11.2.13.4. Thailand Market Size and Forecast, By Valve Type, 2019 - 2032 (US$ Million)
- 11.2.13.5. Thailand Market Size and Forecast, By Material Type, 2019 - 2032 (US$ Million)
- 11.2.13.6. Thailand Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.2.14. Indonesia
- 11.2.14.1. Overview
- 11.2.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.2.14.3. Indonesia Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 11.2.14.4. Indonesia Market Size and Forecast, By Valve Type, 2019 - 2032 (US$ Million)
- 11.2.14.5. Indonesia Market Size and Forecast, By Material Type, 2019 - 2032 (US$ Million)
- 11.2.14.6. Indonesia Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.2.15. Philippines
- 11.2.15.1. Overview
- 11.2.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.2.15.3. Philippines Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 11.2.15.4. Philippines Market Size and Forecast, By Valve Type, 2019 - 2032 (US$ Million)
- 11.2.15.5. Philippines Market Size and Forecast, By Material Type, 2019 - 2032 (US$ Million)
- 11.2.15.6. Philippines Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
- 11.2.16. Rest of APAC
- 11.2.16.1. Overview
- 11.2.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
- 11.2.16.3. Rest of APAC Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 11.2.16.4. Rest of APAC Market Size and Forecast, By Valve Type, 2019 - 2032 (US$ Million)
- 11.2.16.5. Rest of APAC Market Size and Forecast, By Material Type, 2019 - 2032 (US$ Million)
- 11.2.16.6. Rest of APAC Market Size and Forecast, By End-User, 2019 - 2032 (US$ Million)
12. Key Vendor Analysis- Asia Pacific Industrial Valve Industry
- 12.1. Competitive Dashboard
- 12.2. Company Profiles
- 12.2.1. Emerson Electric Co.
- 12.2.2. Schlumberger N.V.
- 12.2.3. IMI Plc.
- 12.2.4. Crane Co.
- 12.2.5. Flowserve Corporation
- 12.2.6. Metso Outotec Corporation
- 12.2.7. The Weir Group PLC
- 12.2.8. AVK Holding A/S
- 12.2.9. Avcon Controls Pvt. Ltd.
- 12.2.10. Forbes Marshall Pvt. Ltd
- 12.2.11. Others
13. 360 Degree Analyst View
14. Appendix
- 14.1. Research Methodology
- 14.2. References
- 14.3. Abbreviations
- 14.4. Disclaimer
- 14.5. Contact Us
List of Tables
- TABLE List of data sources
- TABLE Market drivers; Impact Analysis
- TABLE Market restraints; Impact Analysis
- TABLE Asia Pacific Industrial Valve Market, by Country, 2019-2032 (USD Million)
- TABLE Asia Pacific Industrial Valve Market, by Product, 2019-2032 (USD Million)
- TABLE Asia Pacific Industrial Valve Market, by Valve Type, 2019-2032 (USD Million)
- TABLE Asia Pacific Industrial Valve Market, by Material Type, 2019-2032 (USD Million)
- TABLE Asia Pacific Industrial Valve Market, by End-User, 2019-2032 (USD Million)
List of Figures
- FIGURE Asia Pacific Industrial Valve Market Segmentation
- FIGURE Market research methodology
- FIGURE Value chain analysis
- FIGURE Porter's Five Forces Analysis
- FIGURE Market Attractiveness Analysis
- FIGURE COVID-19 Impact Analysis
- FIGURE Pre & Post COVID-19 Impact Comparision Study
- FIGURE Competitive Landscape; Key company market share analysis, 2023
- FIGURE Product segment market share analysis, 2023 & 2032
- FIGURE Product segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Valve Type segment market share analysis, 2023 & 2032
- FIGURE Valve Type segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Material Type segment market share analysis, 2023 & 2032
- FIGURE Material Type segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE End-User segment market share analysis, 2023 & 2032
- FIGURE End-User segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Regional segment market share analysis, 2023 & 2032
- FIGURE Regional segment market size forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Asia Pacific Industrial Valve Market share and leading players, 2023
- FIGURE India Asia Pacific Industrial Valve Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE China Asia Pacific Industrial Valve Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Japan Asia Pacific Industrial Valve Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE South Korea Asia Pacific Industrial Valve Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Australia Asia Pacific Industrial Valve Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Thailand Asia Pacific Industrial Valve Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Indonesia Asia Pacific Industrial Valve Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Philippines Asia Pacific Industrial Valve Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
- FIGURE Rest of APAC Asia Pacific Industrial Valve Market size, forecast and trend analysis, 2019 to 2032 (USD Million)
