Canada Industrial Valves Market Overview, 2028

Canada Industrial Valves Market Overview, 2028

Canada's rich industrial landscape is reflected in the dynamic and diverse valve industry, which serves a broad range of sectors and applications. The interests of North American producers of valves, actuators, and controls are represented by the Valve Manufacturers Association of America (VMA), a trade association. Manufacturers, distributors, suppliers, and service providers make up the 125 member companies of VMA. Some players in the Canadian valve industry are Velan Inc., Bray Controls, Cameron Valves, and others. Standard Council of Canada is responsible for the giving the standardization in the field of industrial valves, valve actuators including their attachments, and steam traps. Processing Equipment Manufacturers Association (PEMA) show is the largest processing equipment show in Canada. It attracts exhibitors and visitors from a wide range of industries, including oil and gas, petrochemical, mining, and food and beverage. Valve companies often use this show to showcase their valves for use in a variety of industrial applications. Canadian valve companies export their products to many countries around the world. The government invests in research and development in the valve industry. This helps Canadian valve companies to develop new technologies and stay ahead of the competition. The government offers a variety of financial assistance programs to help Canadian valve companies grow and export. These programs include the Canadian Manufacturers and Exporters Association (CMEA) Export Accelerator Program, the Canadian Trade Commissioner Service (TCS), and the Global Markets Action Plan.

According to the research report ""Canada Industrial Valves Market Overview, 2028,"" published by Bonafide Research, the Industrial Valves market was valued at more than USD 4 Billion in 2022. Canada's industrial valve market is undergoing a major phase of growth and change as a result of several important factors that are changing the nature of the sector. With expansion in industries like oil and gas, biotechnology, advanced manufacturing, and renewable energy, Canada's economy is becoming more diversified. Because of their distinct applications, these growing markets demand customized valve solutions, opening up new markets for valve suppliers and manufacturers. For example, in order to maximize efficiency and control power output, the renewable energy sector—particularly wind and hydropower generation—needs revolutionary valve technology. Along with this the export of Canadian-made industrial valves has witnessed a notable increase. Canada's reputation for producing high-quality valves has earned it a place on the global stage and Canadian manufacturers are now exporting their products to various international markets. Innovation and technology are playing a pivotal role in boosting the demand for industrial valves in Canada. As industries embrace automation, data analytics, and IoT (Internet of Things) solutions, there is a growing need for technologically advanced valves that can be integrated into smart systems. These innovative valves offer features like remote monitoring, predictive maintenance, and enhanced control, helping industries improve efficiency, reduce downtime, and comply with stringent environmental and safety standards.

The market is segmented on the basis of Type of industrial valves used. It includes Globe Valve, Ball Valve, Butterfly Valve, Gate Valve, Check Valve, Pressure Relief Valve, Plug Valve, Needle Valve, Pinch Valve, Diaphragm Valve, and others (knife gate valve, float valve, pinch valve, air valve, standard plate valve, wedge gate valve). In Canada, the utilization of industrial valves spans a wide range of applications, and the market is characterized by a diverse array of valve types, each suited to specific industries and requirements. Among these, globe valves emerge as a dominant force, occupying a significant share of the valve market. Globe valves are highly favored in Canada due to their exceptional control over fluid flow and versatility in various applications. These valves are designed with a globe-like body shape and a movable plug or disk, making them ideal for precise regulation of fluid flow, and they are widely employed in sectors such as energy production, petrochemical processing, and municipal water supply. Following closely to globe valves, ball valves are another widely used type in the Canadian market. Ball valves are valued for their straightforward design, allowing for quick and efficient start-stop control of fluid flow. This makes them an excellent choice for applications that require rapid shut-off, such as emergency systems, gas distribution, and plumbing in residential and commercial buildings. Gate valves are also a crucial component of the Canadian valve market, particularly in industries that require robust and reliable shut-off capabilities, such as the oil and gas sector. Their wedge-shaped disc and simple operation make them well-suited for applications involving high pressures and temperatures. Moreover, the Canadian market showcases a variety of other valve types, each catering to specific needs. Check valves ensure unidirectional flow, while pressure relief valves safeguard systems against overpressure situations. Plug valves offer tight sealing and are employed in corrosive environments, and needle valves are preferred for precise flow control in instrumentation and analytical equipment.

Industrial valves are a crucial component in various applications, and the choice of materials for their construction is paramount in ensuring optimal performance and longevity. In Canada, steel-based valves stand out as the most widely used and preferred choice among industries. The utilization of steel-based valves, such as stainless steel and carbon steel, is driven by their exceptional strength, durability, and resistance to corrosion. Stainless steel valves, in particular, are renowned for their corrosion resistance and are commonly used in industries where maintaining product purity and preventing contamination are essential, such as the food and pharmaceutical sectors. Carbon steel valves, on the other hand, are preferred for their ability to withstand high-pressure and high-temperature conditions, making them a primary choice in applications like power generation and the oil and gas industry. The versatility of steel-based valves is evident in their use in a wide range of industries, including petrochemical, chemical processing, and water treatment. Following the dominance of steel-based valves, cast iron valves hold a significant share in the market. Cast iron is appreciated for its cost-effectiveness and durability, making it a suitable choice for applications where the resistance to corrosion is not a primary concern. The use of cast iron valves is especially prevalent in plumbing systems, wastewater treatment plants, and HVAC systems. The inherent strength of cast iron makes these valves capable of handling a variety of operating conditions with ease. Alloy-based valves also play a vital role in the industrial valve market. Alloys, such as bronze, brass, and other metal combinations, offer a unique set of properties, making them well-suited for specific applications. Bronze valves, known for their corrosion resistance, find their place in marine and maritime industries, where exposure to seawater and harsh environments is common. Brass valves, with their excellent machinability, are often used in applications that require precision components, such as automotive manufacturing.

In the Canadian industrial valve market, the demand for these essential components is heavily influenced by the diverse applications across various industries. At the forefront of this market stands the oil and gas industry, which undeniably dominates the demand for industrial valves. Valves are integral to the exploration, production, transportation, and refining processes within this sector, where they play a critical role in controlling the flow of hydrocarbons, ensuring safety, and optimizing production. The stringent demands of this industry for high-pressure, high-temperature, and potentially corrosive environments continually drive innovation and advancements in valve technology. The chemical industry relies heavily on industrial valves to handle a wide array of corrosive and hazardous materials. Valves in this sector are vital for maintaining precise control over the flow of liquids and gases, ensuring the safety of personnel and environmental compliance. The versatility and resilience of valves in this industry are essential for the transportation, mixing, and processing of various chemicals. The water and wastewater treatment industry is another significant player in the Canadian industrial valve market. Here, valves are utilized for the control of water flow and the dosing of chemicals in the treatment and purification processes. These valves ensure that clean and safe water is supplied to residential, commercial, and industrial consumers, further highlighting the importance of the valve market in this sector. Besides the dominant players, numerous other industries contribute significantly to the overall growth of the industrial valve market in Canada. These include power generation, where valves regulate the flow of steam, water, and other fluids in power plants, as well as the food and beverage industry, which relies on sanitary valves to maintain hygiene and quality standards. The pharmaceutical sector uses sterile valves for critical processes, while the automotive industry employs valves in manufacturing processes. The pulp and paper industry utilizes valves in paper production and wood processing, and various manufacturing and construction sectors benefit from industrial valves for diverse applications.

Considered in this report:
•Geography: Canada
•Historic year: 2017
•Base year: 2022
•Estimated year: 2023
•Forecast year: 2028

Aspects covered in this report:
•Canada Industrial Valves market with its value and forecast along with its segments
•Various drivers and challenges
•On-going trends and developments
•Top profiled companies
•Strategic recommendation

By Type:
•Globe Valve
•Ball Valve
•Butterfly Valve
•Gate Valve
•Check Valve
•Pressure Relief Valve
•Plug Valve
•Needle Valve
•Pinch Valve
•Diaphragm Valve
•Others

By Materials:
•Steel
•Cast Iron
•Alloy based
•Others

By Application:
•Water & Wastewater
•Oil & Gas
•Energy & Power/ Utilities
•Chemical
•Food & Beverages
•Pharmaceuticals
•Agriculture
•Others (automotive, marine, metals & mining ,construction, pulp & paper)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Industrial Valves industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.