Industrial Valves

Industrial Valves

Global Industrial Valves Market to Reach US$102.3 Billion by 2030

The global market for Industrial Valves estimated at US$74.9 Billion in the year 2023, is expected to reach US$102.3 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2023-2030. Globe Valves, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$22.4 Billion by the end of the analysis period. Growth in the Ball Valves segment is estimated at 4.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$13.7 Billion While China is Forecast to Grow at 5.9% CAGR

The Industrial Valves market in the U.S. is estimated at US$13.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$23.3 Billion by the year 2030 trailing a CAGR of 5.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.9% and 3.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Global Industrial Valves Market - Key Trends & Drivers Summarized

Industrial valves are mechanical or electromechanical devices intended to control, divert and regulate pressure and flow of fluids by opening, blocking or closing fluid passage. Industrial valves are mainly utilized in capital-intensive industries, as these industries require a large number of valves during the installation stage. The valves are utilized as flow controllers for pipelines, through which gases, liquids and semi-solids are transported. Valves can be manual, automatic or actuated. Valves that are opened or closed by an operator are said to be manual. Valves that can perform their function without external assistance are said to be automatic or self-actuating. Check valves, pressure regulators or vacuum breakers are few examples of common automatic industrial valves. Valves that are operated with the help of an external device or a motor are known as mechanically actuated valves. Motorized ball valves and common actuated industrial valves are examples of actuated industrial valves. Valves usually have a combination of manual or automatic, automatic and actuated, or manual and actuated valves.

The continuously evolving space of industrial manufacturing and strong focus on precision, safety and durability are fueling innovations in the field of industrial valves to ensure reliable and efficient operations. Industrial valves are being shaped by increasing uptake of emerging technologies, enabling them to deal with challenges experienced by modern industries. Powered by precision engineering, automated control systems and advanced materials, these industrial valves ensure precise and effective liquid flow control. These innovative solutions are improving industrial processes, increasing safety and boosting productivity. Latest valves are designed to survive corrosion and challenging operating conditions while ensuring precise flow control. In addition, advanced materials like sophisticated polymers and corrosion-resistant alloys make industrial valves more durable to reduce maintenance requirements. These valves can be integrated with smart systems like actuators and sensors for remote control and real-time monitoring applications, aiding proactive maintenance and reducing downtime. Technological integration, particularly with the advent of Industry 4.0, plays a pivotal role in transforming the industrial valves sector. The incorporation of smart technologies, such as the Industrial Internet of Things (IIoT), automation, and data analytics, has led to the development of intelligent valve systems. These systems, equipped with sensors and connectivity capabilities, facilitate remote monitoring, predictive maintenance, and operational efficiency, significantly reducing downtime and enhancing productivity across various industrial applications.

The global industrial valves market is expected to experience robust growth, fueled by a combination of technological advancements, environmental concerns, and economic factors. A significant driver is the global push towards sustainability and environmental stewardship, with stringent regulations mandating the adoption of low-emission and energy-efficient valve solutions. The trend is in response to the critical need to mitigate environmental impact and adhere to regulatory standards, driving the demand for innovative valve technologies that align with these goals. Market`s expansion is further propelled by rapid industrialization and extensive infrastructure development worldwide. The rise in construction activities, particularly in emerging economies, and expansion of key sectors such as oil & gas, power generation, and water treatment, are driving demand for industrial valves. Long-term market drivers include governmental regulatory policies, the escalating need for essential resources (such as water and power), and the growth of various process industries. Innovations, particularly in valve technology for power plants and the adoption of smart and predictive maintenance practices, are set to sustain market growth. The trend towards industrial automation and the implementation of IIoT solutions are driving the demand for smart valves that offer enhanced control and monitoring capabilities.

Select Competitors (Total 321 Featured) -

• AVK Holding A/S
• Baker Hughes Company
• Bray International, Inc.
• Cameron, a Schlumberger company
• CIRCOR International, Inc.
• Crane Co.
• Emerson Electric Co.
• Flowserve Corp.
• Ham-Let Group
• IMI Critical Engineering
• ITT Engineered Valves
• KITZ Corp.
• KSB SE & Co. KGaA
• SPX Flow, Inc.
• The Weir Group PLC
• Velan, Inc.
• Watts Water Technologies, Inc.

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