Water and Gas Valves

Water and Gas Valves

Global Water and Gas Valves Market to Reach US$38.8 Billion by 2030

The global market for Water and Gas Valves estimated at US$30.9 Billion in the year 2023, is expected to reach US$38.8 Billion by 2030, growing at a CAGR of 3.3% over the analysis period 2023-2030. Oil & Gas End-Use, one of the segments analyzed in the report, is expected to record a 3.1% CAGR and reach US$26.1 Billion by the end of the analysis period. Growth in the Water & Wastewater End-Use segment is estimated at 3.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$8.4 Billion While China is Forecast to Grow at 6.3% CAGR

The Water and Gas Valves market in the U.S. is estimated at US$8.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.0 Billion by the year 2030 trailing a CAGR of 6.3% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.1% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Water and Gas Valves - Key Trends and Drivers

Water and gas valves are crucial components used to control the flow of water or gas in various systems across multiple industries, including residential, commercial, and industrial sectors. These valves ensure safe and efficient fluid and gas handling, playing a vital role in numerous applications. Water valves, for instance, are devices that regulate, control, and direct water flow within systems, being essential for water distribution, pressure management, and flow control in diverse settings such as residential plumbing, industrial processes, irrigation systems, and municipal water supplies. Similarly, gas valves manage the flow of gases like natural gas or propane, ensuring safe delivery in applications ranging from residential heating and cooking to industrial manufacturing, HVAC systems, gas transmission and distribution, and medical gas systems. Different types of water valves, such as gate valves, ball valves, and butterfly valves, cater to specific needs, while gas valves, including ball valves, globe valves, and safety shutoff valves, provide precise control and safety in gas applications.

The growth of the water and gas valve market is driven by several key factors. Significant growth in the oil and gas industry globally has created a positive outlook for the market, as these valves are essential for regulating the flow of fluids and gases in extraction, production, and transportation processes. The increasing demand for valves that can handle high-pressure and high-temperature applications further boosts market growth. The widespread adoption of these valves in the industrial sector for manufacturing processes, power generation and other applications acts as a significant growth driver. Technological advancements, such as the development of smart valves equipped with sensors for real-time monitoring and control, are also propelling market growth. The introduction of anti-corrosive coatings that protect valves from wear and tear, thus extending their lifespan, is another factor positively influencing the market. Furthermore, investments in infrastructure development projects, rising awareness about safety measures in handling gases, and various government initiatives to promote the use of these valves to prevent environmental harm are supporting market growth.

The growing demand for smart and IoT-enabled valves, which allow remote control and monitoring through smartphones, tablets, or computers, improving operational efficiency and reducing the need for on-site personnel, is a significant trend in the market. These smart valves are equipped with sensors that provide real-time data on parameters such as flow rate, pressure, and temperature, helping to monitor performance and optimize operation. The integration of IoT-enabled valves into larger automation systems in commercial buildings and industrial facilities enhances the efficiency of heating, cooling, and water supply management. Additionally, the trend towards rapid urbanization and infrastructure development has led to an increased demand for efficient water and gas distribution networks. This is coupled with a heightened awareness of environmental issues and stricter regulations to ensure sustainability and safety. The adoption of smart city technologies, where valves equipped with sensors enable remote monitoring and data collection, further drives market trends. These advancements lead to energy savings, improved comfort, and enhanced system reliability, contributing to the overall growth and evolution of the water and gas valve market.

Select Competitors (Total 39 Featured) -

• Brassform
• AVK Holding A/S
• Blackhall Engineering
• Crane Fluid Systems
• Ebm-papst Mulfingen GmbH & Co. KG
• Energy Valves Srl
• Enolgas Bonomi SpA
• IMI Critical Engineering
• KITZ Corporation
• CPF Industriale
• Emerson Electric Company
• Flowserve Corporation
• Hammond Valve Company
• PR Raimondi Valves Srl
• Schlumberger Ltd.;

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