Industrial Valves Market Size, Share & Trends Analysis Report By Product (Gate Valve, Ball Valve), By Application (Automotive, Oil & Gas), By Region, And Segment Forecasts, 2024 - 2030

Industrial Valves Market Size, Share & Trends Analysis Report By Product (Gate Valve, Ball Valve), By Application (Automotive, Oil & Gas), By Region, And Segment Forecasts, 2024 - 2030

Industrial Valves Market Size & Trends

The global industrial valves market size was valued at USD 76.2 billion in 2023 and is projected to grow at a CAGR of 4.4% from 2024 to 2030. Market growth is being driven by various factors, such as the construction of new power plants, the increasing use of industrial equipment, and the growing adoption of high-quality industrial valves. These factors play a crucial role in improving output and reducing losses.

Advancements in manufacturing techniques and material technology have facilitated the creation of valves that deliver efficient performance even in demanding pressure and temperature conditions. For instance, in December 2022, Emerson announced the introduction of new & advanced technologies for its Crosby J-Series pressure relief valves, the Bellows Leak Detection and Balanced Diaphragm. These technologies are likely to help reduce ownership costs and improve performance, further driving market growth.

In the case of large-scale power plants, the management of steam and water flow requires the deployment of numerous valves. As the construction of new nuclear plants and the modernization of existing ones is in progress, the demand for valves is steadily increasing. In December 2023, China's state council announced the approval of four new nuclear reactors in the country. The role of industrial valves in regulating the temperature and preventing the fuel from overheating is likely to help drive their demand and foster growth in the market.

Furthermore, the integrating of IoT sensors in industrial valves has facilitated real-time performance and operating conditions monitoring. As a result, predictive maintenance has become possible, leading to reduced downtime and enhanced operational efficiency. Utilizing IoT-enabled valves also contributed to improved safety and responsiveness through remote monitoring. This advancement enables proactive decision-making and efficient resource allocation, thereby driving demand across multiple sectors.

Global Industrial Valves Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global industrial valves market report based on product, application, and region.

• Product Outlook (Revenue, USD Million, 2018 - 2030)
• Gate Valve
• Globe Valve
• Ball Valve
• Butterfly Valve
• Safety Valve
• Plug Vave
• Other Valves
• Application Outlook (Revenue, USD Million, 2018 - 2030)
• Aerospace and Defense
• Automotive
• Oil & Gas
• Chemical
• Energy & Power
• Water & Waste water
• Pulp & Paper
• Food & Beverage
• Others
• Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Asia Pacific
• Japan
• China
• India
• Australia
• South Korea
• Latin America
• Brazil
• MEA
• South Africa
• Saudi Arabia
• UAE

Please note The report will be delivered in 4-8 business days upon order notification.