PUBLISHER: IMARC | PRODUCT CODE: 1642485
PUBLISHER: IMARC | PRODUCT CODE: 1642485
The global industrial valves market size reached USD 78.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 131.6 Billion by 2033, exhibiting a growth rate (CAGR) of 6% during 2025-2033. Rapid industrialization, rising focus on energy efficiency, constant technological advancements, globalization of trade, stringent government regulations regarding safety and environmental standards, increasing replacement and upgradation of aging infrastructure, and the bolstering growth of the oil and gas industry represents some of the key factors influencing the market growth.
Increasing industrialization and infrastructure development
One of the primary factors fueling the growth of the global industrial valves market is the ongoing trend of industrialization and infrastructure development across the globe. As countries strive to enhance their economic activities and meet the demands of a growing population, there is a substantial increase in the establishment of industrial facilities, power plants, water treatment plants, and other infrastructure projects. These developments necessitate the deployment of advanced and efficient industrial valves to regulate the flow of fluids and ensure optimal operation of various processes. In addition to this, rapid urbanization and the expansion of manufacturing sectors are major contributors to the increased demand for industrial valves.
Growing focus on energy efficiency
The global push towards sustainability and energy efficiency is another key driver influencing the industrial valves market. With concerns about environmental impact and the need to reduce energy consumption, industries are increasingly adopting technologies that promote efficiency in fluid handling processes. Modern industrial valves are designed with features such as improved sealing mechanisms, reduced leakage, and enhanced durability, contributing to overall energy conservation. Concurrently, stringent regulations and standards regarding energy efficiency and environmental impact have compelled industries to invest in advanced valve technologies with smart control systems and automation capabilities allowing for better monitoring and optimization of energy consumption, thus creating a positive outlook for market expansion.
Technological advancements and innovation
The industrial valves market is witnessing a significant influx of technological advancements and innovations, with manufacturers investing in research and development (R&D) to introduce new product variants with enhanced features, improved performance, and extended lifespan. In confluence with this, the integration of digital technologies, such as IIoT and sensors, into valve systems leading to the development of smart valves that offer real-time monitoring, remote control, and predictive maintenance capabilities is propelling the forward. Additionally, the adoption of materials with superior corrosion resistance and durability, coupled with advancements in valve design and manufacturing processes, has led to the creation of valves that can withstand harsh operating conditions, contributing to the market expansion.
Globalization of trade and cross-border investments
The globalization of trade and the increase in cross-border investments contribute significantly to the growth of the industrial valves market. Industries are expanding their operations globally, leading to the construction of new facilities and upgrading of existing ones. This global expansion requires the implementation of standardized and reliable fluid control systems, driving the demand for industrial valves. In confluence with this, the rise in cross-border investments in sectors such as oil and gas, petrochemicals, and water infrastructure further propels the demand for industrial valves. As multinational companies seek to establish a global presence and optimize their supply chains, the need for efficient and high-performance industrial valves becomes paramount.
Gate Valve
Globe Valve
Butterfly Valve
Ball Valve
Check Valve
Plug Valve
Others
Ball valve dominates the market
On-Off/Isolation Valves
Control Valves
On-off/isolation valves hold the largest share in the market
Steel
Cast Iron
Alloy Based
Others
Steel dominates the market
Upto 1"
1"-6"
7"-25"
26"-50"
51" and Above
1"-6" holds the largest share in the market
Oil and Gas
Power
Pharmaceutical
Water and Wastewater Treatment
Chemical
Food and Beverage
Others
Oil and gas dominate the market
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific leads the market, accounting for the largest industrial valves market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
AVK Holding A/S
Cameron International Corporation (Schlumberger)
The Crane Company
Emerson Electric Co.
Flowserve Corporation
Forbes Marshall
IMI Plc
Kitz Corporation
Neway Valves (Suzhou) Co. Ltd.
Samson AG
Velan Inc.