United States (USA) Industrial Valves Market Overview, 2028

United States (USA) Industrial Valves Market Overview, 2028

The valve industry in the United States is a substantial and highly competitive sector that encompasses the design, manufacturing, distribution, and maintenance of various types of industrial valves. The Valve Manufacturers Association of America (VMA) is a trade association that represents the interests of North American manufacturers of valves, actuators, and controls. VMA's 125 member companies include manufacturers, distributors, suppliers, and service providers. The U.S. valve industry is subject to a range of regulations and standards, including those set by organizations like the American Petroleum Institute (API) and the American Society of Mechanical Engineers (ASME). Compliance with these standards is crucial for ensuring the safety and reliability of valve applications, particularly in critical sectors like oil and gas. API 598 covers the testing and inspection requirements for gate, globe, check, ball, plug, and butterfly valves. It has acceptable leakage rates for liquid as well as gas testing. API 608 covers ball valves with flanged or butt-welding ends, commonly used in pipelines and shutoff applications. It outlines the materials, face-to-face dimensions, and pressure-temperature ratings, as well as examination, inspection, and test methods for these valves. Several prominent valve manufacturers are headquartered in the United States, including companies like Emerson Electric Co., Flowserve Corporation, and Parker Hannifin Corporation. These companies offer a wide array of valve types and solutions, making the U.S. a hub for valve production and innovation.

According to the research report ""United States Industrial Valves Market Overview, 2028,"" published by Bonafide Research, the Industrial Valves market is anticipated to grow with more than 4% CAGR form 2023-2028. The industrial valve market in the United States is poised for continued growth in the coming years. One significant driver of growth in the U.S. industrial valve market is the surging demand from emerging sectors. While the traditional heavyweights like oil and gas and power generation continue to play a crucial role in the market, newer and rapidly expanding industries such as renewable energy, pharmaceuticals, and biotechnology are emerging as key consumers of industrial valves. The increasing focus on clean and sustainable energy sources, coupled with the pharmaceutical and biotech sectors' precision and regulatory requirements, has led to a heightened demand for advanced valve technologies that can meet these evolving needs. Along with this the U.S. industrial valve market benefits from technological advancements, with an increasing emphasis on smart valves, automation, and predictive maintenance solutions. These innovations enhance operational efficiency, reduce downtime, and improve safety standards across industries. The integration of sensors and data analytics into valve systems allows for real-time monitoring and remote control, which is becoming increasingly essential in modern industrial processes.

The market is segmented based on the type of industrial valves. It involves 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). Globe valves are among the most often utilized valve types in the United States, with a significant application in both the industrial and commercial sectors. Globe valves are incredibly common because of their adaptability and efficiency in controlling fluid flow. By varying the position of a moveable disk or plug inside the valve body, globe valves are made to offer exact control over the flow of liquids or gases. They are an essential part of many different applications, from HVAC systems and water treatment plants to power plants and chemical processing facilities, due to their capacity to precisely control the flow rate and their dependability and longevity. Following the globe valves in popularity are ball valves. Ball valves are appreciated for their simplicity and ease of use. They consist of a spherical closure unit, typically made of metal or plastic, which can be rotated to allow or block the flow. Ball valves are known for their quick and tight shut-off capabilities, making them particularly well-suited for applications where immediate isolation of fluid is necessary, such as emergency shut-off systems and residential plumbing. Gate valves also play a significant role in the U.S. valve market. These valves are valued for their robust construction and ability to handle high-pressure and high-temperature environments. Gate valves are often used in applications where the flow needs to be completely opened or closed, rather than fine-tuned. They are commonly found in the oil and gas industry, as well as in water and wastewater treatment facilities, where their design provides a dependable solution for controlling fluid flow.

Based on the material of industrial valves the market is segmented into cast iron, steel, alloy based, and others. In the realm of industrial valves, the choice of materials plays a crucial role in determining the valve's performance, durability, and suitability for specific applications. In the United States, steel-based valves occupy a dominant position within the market. The preference for steel-based valves can be attributed to their exceptional strength, resistance to corrosion, and versatility. Stainless steel, in particular, is widely used due to its excellent corrosion resistance properties, making it ideal for applications involving corrosive fluids or environments, such as chemical processing, petrochemical, and pharmaceutical industries. Carbon steel valves are also popular for their durability and ability to withstand high-pressure and high-temperature conditions, often found in power generation and oil and gas sectors. Cast iron is renowned for its cost-effectiveness, making it an attractive choice for various applications. Cast iron valves are particularly prevalent in plumbing systems, wastewater treatment plants, and heating, ventilation, and air conditioning (HVAC) systems. They provide a reliable and affordable solution for fluid control in less demanding conditions where the resistance to corrosion is not a primary concern. Alloy-based valves also hold a significant share in the industrial valve market. Alloys, such as bronze, brass, and various other combinations of metals, offer a unique set of properties that make them suitable for specific applications. Bronze valves, for example, are known for their corrosion resistance and are often used in marine and maritime applications. Brass valves are appreciated for their ease of machining and are commonly used in applications where the valve components need to be precisely manufactured, such as in the automotive industry.

The industrial valve market in the United States is strongly influenced by the diverse range of applications in which these essential components are employed. At the forefront of this market is the oil and gas industry, which undeniably dominates the demand for industrial valves. Valves are integral to the oil and gas sector, where they are used in exploration, production, transportation, and refining processes. These valves are essential for controlling the flow of hydrocarbons, ensuring safety, and optimizing production. The stringent demands of this industry for high-pressure, high-temperature, and corrosive environments drive innovation in valve technology. Valves in the chemical sector play a pivotal role in handling a wide array of corrosive and hazardous materials. The chemical industry relies on industrial valves to maintain 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 sector are essential for the transportation, mixing, and processing of various chemicals. Numerous other industries also significantly contribute to the overall growth of the industrial valve market. These include power generation, where valves regulate the flow of steam, water, and other fluids in power plants, as well as the water and wastewater treatment industry, where valves are used for controlling the flow of water and chemicals for purification processes. Furthermore, the food and beverage industry depends on sanitary valves to maintain hygiene and quality standards, while the pharmaceutical sector relies on sterile valves for critical processes. Additionally, the automotive industry employs valves in manufacturing processes, and the pulp and paper industry utilizes them in paper production and wood processing.

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

Aspects covered in this report:
•United States 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.