Industrial Valves Market by Material (Alloy Based, Cast Iron, Cryogenic), Product (Ball Valves, Butterfly Valves, Check Valves), Size, End User - Global Forecast 2024-2030

Industrial Valves Market by Material (Alloy Based, Cast Iron, Cryogenic), Product (Ball Valves, Butterfly Valves, Check Valves), Size, End User - Global Forecast 2024-2030

The Industrial Valves Market size was estimated at USD 82.82 billion in 2023 and expected to reach USD 87.25 billion in 2024, at a CAGR 5.42% to reach USD 119.87 billion by 2030.

Industrial valves are specialized mechanical devices designed for regulating, controlling, and directing the flow of fluids such as gases, liquids, and slurries within various industrial processes and infrastructures. Rapid urbanization and industrialization, coupled with increased demand from the water & wastewater treatment sector to ensure a safe drinking water supply, fuels the use of industrial valves across diverse industries. Stringent environmental regulations imposed by governments worldwide have compelled industries to adopt advanced valve technologies to minimize pollution emissions. However, the high initial investment required for installing advanced valve systems poses a significant challenge for small-scale industries operating on low budgets. Additionally, technological advancements such as smart valve systems with IoT integration offer potential opportunities for manufacturers to develop innovative solutions that can cater to diverse industry requirements.

Regional Insights

The industrial valves market is evolving in the Americas owing to the rising demand for industrial valves due to advancements in oil & gas exploration activities and investments in water infrastructure projects. Furthermore, increased emphasis on wastewater management systems has driven growth in this region. The European Union countries within the EMEA region have witnessed a steady demand for industrial valves as companies strive to conform to strict environmental regulations concerning emissions and waste management. This has led to increased investments in research & development to improve technological innovations in valve designs. In contrast, the Middle East showcases growth driven by continued investment in oil production facilities, while Africa remains an emerging market with potential opportunities arising from water infrastructure development projects. The Asia-Pacific region presents immense potential for growth in the industrial valves sector due to rapid urbanization, growing manufacturing industries, and large-scale infrastructure projects. Besides, using advanced manufacturing technologies, including 3D printing, can improve the properties and durability of valves and encourage their deployment across end-use sectors globally.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Industrial Valves Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Rising Demand for Automated Valves in Industries
    • Growing Food & Beverage Processing Industry and Surge in Investment in Oil & Gas Industry
    • Increasing Investment in Wastewater Project
    • Market Restraints
      • Fluctuating Raw Material Price and Product Recalls
      • Market Opportunities
        • Emerging Innovative IoT Technology to Enhance Performance of Smart Valves
        • Growing Miniaturization Trend and New Development in Industrial Valves
        • Market Challenges
          • Unplanned Downtime due to Malfunctioning or Failure of Valve
          • Market Segmentation Analysis
            • Material: Significant penetration of alloy-based valves owing to their efficient corrosion resistance properties
            • Product: Expanding deployment of ball valves across industrial sector
            • Size: Extensive use of 50 inch and larger sized valves in large infrastructure projects
            • End User: Applications of industrial valves in water & wastewater treatment
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Industrial Valves Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Industrial Valves Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • BDK Valves & Gurukrupa Group Complete 100% Acquisition of Theis Precision
              
              BDK Valves, a part of Gurukrupa Group, has recently acquired 100% shares of Theis Precision, marking an expansion into industrial valves manufacturing. This strategic acquisition will enable BDK Valves to enhance its presence in major markets both in India and globally. With this acquisition, BDK Valves aims to strengthen its position and offer its customers a wider range of high-quality products.
              
              Dante Valve Announces New Relief Valve Distribution Partnership with W&O Supply
              
              Dante Valve has unveiled a distribution partnership with WO Supply, a well-established manufacturer of industrial valves and related products. This partnership aims to enhance accessibility for customers, allowing them to easily acquire top-notch relief valves and other high-quality products Dante Valve offers.
              
              Emerson Rolls Out High-Precision Flow Control Valve
              
              Emerson Electric Co. has introduced ASCO Series 209 proportional flow control valves specially designed for industrial applications. This new valve incorporates advanced features and cutting-edge technologies, ensuring optimal performance. With Emerson's new flow control valve, industrial processes can benefit from improved precision and reliability, enhancing overall efficiency and productivity.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Industrial Valves Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Industrial Valves Market, highlighting leading vendors and their innovative profiles. These include ABB Limited, Amco Industrial Valves, American Valve, Inc., Astech Valve Co., Ltd., AVK Holding A/S, Crane Co., Emerson Electric Co., Flowjet Valves Pvt. Ltd., Flowserve Corporation, Forbes Marshall Pvt. Ltd., Gemco Valve LLC, Hambaker Limited, IMI PLC, Industrial Valves & Equipments, KSB SE & Co. KGaA, L&T Valves Limited, LESER GmbH & Co. KG, Linuo Valves USA, Novel Valves India Pvt. Ltd., Okano Valve Mfg. Co. Ltd., Pentair PLC, Powell Valves, RITAG Ritterhuder Armaturen GmbH & Co., Rohre Valves GmbH, Sap Industries Limited, Schlumberger Limited, Schneider Electric SE, Spraytech Automation India Pvt. Ltd., The Weir Group PLC, Valtorc International, Valves Industries Ltd., and Zhejiang Xinhai Valve Manufacturing Co., Ltd..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Industrial Valves Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Material
              • Alloy Based
              • Cast Iron
              • Cryogenic
              • Stainless Steel
              • Product
                • Ball Valves
                • Butterfly Valves
                • Check Valves
                • Diaphragm Valves
                • Gate Valves
                • Globe Valves
                • Plug Valves
                • Size
                  • 1–6 Inch
                  • 25–50 Inch
                  • 50 Inch and Larger
                  • 6–25 Inch
                  • Up to 1 Inch
                  • End User
                    • Automotive
                    • Chemicals and Pharmaceuticals
                    • Construction
                    • Energy & Power
                    • Food & Beverages
                    • Metals & Mining
                    • Oil & Gas
                    • Pulp & Paper
                    • Water & Wastewater Treatment
                    • Region
                      • Americas
                        • Argentina
                        • Brazil
                        • Canada
                        • Mexico
                        • United States
                          • California
                          • Florida
                          • Illinois
                          • New York
                          • Ohio
                          • Pennsylvania
                          • Texas
                          • Asia-Pacific
                            • Australia
                            • China
                            • India
                            • Indonesia
                            • Japan
                            • Malaysia
                            • Philippines
                            • Singapore
                            • South Korea
                            • Taiwan
                            • Thailand
                            • Vietnam
                            • Europe, Middle East & Africa
                              • Denmark
                              • Egypt
                              • Finland
                              • France
                              • Germany
                              • Israel
                              • Italy
                              • Netherlands
                              • Nigeria
                              • Norway
                              • Poland
                              • Qatar
                              • Russia
                              • Saudi Arabia
                              • South Africa
                              • Spain
                              • Sweden
                              • Switzerland
                              • Turkey
                              • United Arab Emirates
                              • United Kingdom
                              
                              
                              Please Note: PDF & Excel + Online Access - 1 Year