Europe Isolation Valve Market: Current Analysis and Forecast (2022-2030)

An Isolation valve is a mechanical device that controls the flow of fluid. It can be used to open, close, or partially block passageways in a motor system, plumbing system, irrigation system, Pneumatic system, hydraulic system, etc. Valves can also be used to regulate and direct a fluid's flow.

The Isolation valve market is expected to grow at a steady rate of around 4.8%. The manufacturing industries are investing more in infrastructure, which is likely to increase the demand for industrial valves. In addition, a number of developing countries are seeing an increase in the number of water supply and sanitary sewerage projects being carried out by governments. However, with the advent of new technology, many firms are expanding their presence in the market by winning new contracts and entering new markets. For instance, in October 2021 Armstrong International completed the acquisition of Leslie Controls, a manufacturer of control systems, industrial pumps, water heaters, and steam regulators. The acquisition included Leslie's broad range of control valves and steam water heaters

Based on the product type, the market is segmented into globe valves, ball valves, butterfly valves, control valves, plug valves, and others. Among these, the control valves segment is expected to hold a considerable share of the market during the forecast period as there is an ever-growing need for wireless monitoring infrastructure to track equipment in multiple facilities, an increased emphasis on automation, and a growing number of process facilities. Further, companies are looking for various strategic alliances in order to strengthen their market presence. For instance, In August 2021, Burkert Fluid Control Systems announced to offer durable and low maintenance on/off and control valves for switching and controlling gases, liquids, and steam in the process and food industries, suitable for media pressures up to 25 bar and temperatures up to 230°C. The service life at 200°C is more than one million switching cycles.

Based on the size, the market has been categorized into 1-6 inches, 7-12 inches, 13-24 inches, 25-48 Inches, and above 48 Inches. Among them, the 1-6 inches segment held a significant market share in 2022. The high adoption of 1-6 inches valves can be attributed to their versatility and compatibility with a wide range of applications. These valves offer precise flow control in various industries such as water treatment, pharmaceuticals, food and beverage, and chemicals. Their compact size makes them suitable for systems with limited space, while still providing efficient and reliable performance. Additionally, the cost-effectiveness of manufacturing and maintaining smaller valves compared to larger ones appeals to businesses aiming to optimize their operational expenses. As a result, the 1-6 inches valve segment has gained prominence as a practical choice that meets the needs of diverse industries while ensuring effective flow regulation.

Based on end-users, the market is segmented into oil and gas, power generation, chemicals, water and wastewater, and others. Among these, the oil and gas segment will have a high market share in 2022. Major countries in the European region are focusing on refinery refurbishment and refinery expansion to keep up with the increasing demand for crude oil and keep their refineries running efficiently. In this scenario, the infrastructure and pipeline investments are expected to grow, increasing the demand for valves in the forecast period. For instance, In May 2022, Italian company Snam and Spanish company Enagas investigated the possibility of building a gas pipeline. It is anticipated that the proposed pipeline between Spain and Italy will have a 30-billion-cubic-meter annual capacity. This comes after Europe's efforts to reduce its reliance on Russian gas and diversify its energy supply mix following Russia's invasion of Ukraine.

For a better understanding of the market adoption of the valve industry, the market is analyzed based on its worldwide presence in countries such as Germany, the U.K., France, Spain, Italy, Rest of Europe. Germany is expected to dominate the valve market during the forecast period. The growing adoption of valves in Germany can be attributed to the country's robust industrial landscape and its emphasis on precision engineering. As a leading global economy, Germany has a thriving manufacturing sector that spans automotive, machinery, chemicals, and more. Valves play a pivotal role in controlling fluid and gas flows within these industries, ensuring operational efficiency and safety. Additionally, Germany's commitment to environmental sustainability has driven the demand for valves with enhanced sealing and leakage prevention features, aligning with stringent regulations. The country's technological innovation and focus on automation have also led to the integration of advanced valve solutions that offer remote monitoring and control. Overall, the increasing adoption of valves in Germany reflects their integral role in maintaining the country's industrial prowess and commitment to high-quality engineering standards

Some of the major players operating in the market include: Emerson Electric Co; Danfoss A/S; Honeywell International Inc; AVK Holding A/S; Hitachi Ltd; KITZ Corporation; Pentair PLC; Schlumberger Limited.; Flowserve Corporation; Xylem Inc.