PUBLISHER: Grand View Research | PRODUCT CODE: 1554235
PUBLISHER: Grand View Research | PRODUCT CODE: 1554235
Industrial Valves Market Size, Share & Trends Analysis Report By Product (Gate Valve, Ball Valve), By Application (Automotive, Oil & Gas), By Region, And Segment Forecasts, 2024 - 2030
Industrial Valves Market Size & Trends:
The global industrial valves market size was valued at USD 76.2 billion in 2023 and is projected to grow at a CAGR of 4.4% from 2024 to 2030. Market growth is being driven by various factors, such as the construction of new power plants, the increasing use of industrial equipment, and the growing adoption of high-quality industrial valves. These factors play a crucial role in improving output and reducing losses.
Advancements in manufacturing techniques and material technology have facilitated the creation of valves that deliver efficient performance even in demanding pressure and temperature conditions. For instance, in December 2022, Emerson announced the introduction of new & advanced technologies for its Crosby J-Series pressure relief valves, the Bellows Leak Detection and Balanced Diaphragm. These technologies are likely to help reduce ownership costs and improve performance, further driving market growth.
In the case of large-scale power plants, the management of steam and water flow requires the deployment of numerous valves. As the construction of new nuclear plants and the modernization of existing ones is in progress, the demand for valves is steadily increasing. In December 2023, China's state council announced the approval of four new nuclear reactors in the country. The role of industrial valves in regulating the temperature and preventing the fuel from overheating is likely to help drive their demand and foster growth in the market.
Furthermore, the integrating of IoT sensors in industrial valves has facilitated real-time performance and operating conditions monitoring. As a result, predictive maintenance has become possible, leading to reduced downtime and enhanced operational efficiency. Utilizing IoT-enabled valves also contributed to improved safety and responsiveness through remote monitoring. This advancement enables proactive decision-making and efficient resource allocation, thereby driving demand across multiple sectors.
Global Industrial Valves Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global industrial valves market report based on product, application, and region.
- Product Outlook (Revenue, USD Million, 2018 - 2030)
- Gate Valve
- Globe Valve
- Ball Valve
- Butterfly Valve
- Safety Valve
- Plug Vave
- Other Valves
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Aerospace and Defense
- Automotive
- Oil & Gas
- Chemical
- Energy & Power
- Water & Waste water
- Pulp & Paper
- Food & Beverage
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Brazil
- MEA
- South Africa
- Saudi Arabia
- UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Industrial Valves Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Industrial Valves Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- 3.4.1. Porter's Analysis
Chapter 4. Industrial Valves Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Industrial Valves Market: Product Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Gate Valves
- 4.3.1. Gate Valves Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Globe Valves
- 4.4.1. Globe Valves Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Ball Valves
- 4.5.1. Ball Valves Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Butterfly Valves
- 4.6.1. Butterfly Valves Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Safety Valves
- 4.7.1. Safety Valves Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.8. Plug Valves
- 4.8.1. Plug Valves Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.9. Other Valvess
- 4.9.1. Other Valvess Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Industrial Valves Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Industrial Valves Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Aerospace and Defense
- 5.3.1. Aerospace and Defense Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Automotive
- 5.4.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Oil & Gas
- 5.5.1. Oil & Gas Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Chemical
- 5.6.1. Chemical Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Energy & Power
- 5.7.1. Energy & Power Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.8. Water & Waste Water
- 5.8.1. Water & Waste Water Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.9. Pulp & Paper
- 5.9.1. Pulp & Paper Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.10. Food & Beverage
- 5.10.1. Food & Beverage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.11. Others
- 5.11.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Industrial Valves Market: Regional Estimates & Trend Analysis
- 6.1. Industrial Valves Market Share, By Region, 2023 & 2030 (USD Million)
- 6.2. North America
- 6.2.1. North America Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Canada Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Mexico Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Europe Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. UK
- 6.3.2.1. UK Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Germany
- 6.3.3.1. Germany Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4. France
- 6.3.4.1. France Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. China
- 6.4.2.1. China Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. Japan
- 6.4.3.1. Japan Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4. India
- 6.4.4.1. India Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5. South Korea
- 6.4.5.1. South Korea Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.6. Australia
- 6.4.6.1. Australia Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Saudi Arabia
- 6.6.2.1. Saudi Arabia Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.3. UAE
- 6.6.3.1. UAE Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.4. South Africa
- 6.6.4.1. South Africa Industrial Valves Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis by Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Heat Map Analysis
- 7.4. Company Profiles
- 7.4.1. Emerson
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Recent Developments/ Strategic Initiatives
- 7.4.2. Velan
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Recent Developments/ Strategic Initiatives
- 7.4.3. AVK Water
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Recent Developments/ Strategic Initiatives
- 7.4.4. BEL Valves
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Recent Developments/ Strategic Initiatives
- 7.4.5. Cameron Schlumberger
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Recent Developments/ Strategic Initiatives
- 7.4.6. Fisher Valves & Instruments Emerson
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Recent Developments/ Strategic Initiatives
- 7.4.7. Flowserve
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Recent Developments/ Strategic Initiatives
- 7.4.8. KLINGER
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Recent Developments/ Strategic Initiatives
- 7.4.9. GG Valves Private Limited
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Recent Developments/ Strategic Initiatives
- 7.4.10. LESER
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Recent Developments/ Strategic Initiatives
- 7.4.1. Emerson
