Industrial Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global industrial valves market size reached US$ 68.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 105.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.
Industrial valves are electromechanical devices used to regulate the flow and pressure of a liquid, gas, vapor, powder and slurry in a piping system. These valves comprise the body, trim, discs, seats, stem packing, end connectors, sealing rings, bonnet shell, union bolts, yoke and yoke nut, and operators and actuators. They help stop the flow rate through the pipe whenever required, prevent flow return to the pressurized side and protect equipment from overpressure hazards. Different types of industrial valves are presently available in the market based on their sizes, designs, functions and operations. These valves find extensive applications in the refinery, chemical, pharmaceutical, water & wastewater treatment, food and beverage (F&B), power, and oil & gas sectors worldwide.
Industrial Valves Market Trends:
Rapid industrialization, in confluence with the increasing automation in industrial processes, represents one of the key factors impelling the market growth. Apart from this, the rising number of oil and gas (O&G) exploration activities in offshore areas, coupled with the increasing energy demand, is acting as another major growth-inducing factor. Additionally, expanding nuclear power stations and petroleum refining plants is bolstering the market growth. Moreover, the rising pipeline installations and escalating demand for monitoring and controlling them from a centralized location are influencing the market positively. Furthermore, the integration of smart control systems and the rising adoption of diagnostics in industrial valves help monitor upstream and downstream pressure stem position, temperature and flow rate. This, along with the escalating demand for monitoring municipal wastewater flow, is also contributing to the market growth. The growing traction of renewable energy sources for generating electricity is anticipated to drive the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial valves market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, functionality, material, size and end use industry.
Breakup by Product Type:
Gate Valve
Globe Valve
Butterfly Valve
Ball Valve
Check Valve
Plug Valve
Others
Breakup by Functionality:
On-Off / Isolation Valves
Control Valves
Breakup by Material:
Steel
Cast Iron
Alloy Based
Others
Breakup by Size:
Upto 1”
1”-6”
7”-25”
26”-50”
51” and Above
Breakup by End Use Industry:
Oil and Gas
Power
Pharmaceutical
Water and Wastewater Treatment
Chemical
Food and Beverage
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being AVK Holding A/S, Cameron International Corporation (Schlumberger), The Crane Company, Emerson Electric Co., Flowserve Corporation, Forbes Marshall, IMI Plc, Kitz Corporation, Neway Valves (Suzhou) Co. Ltd., Samson AG and Velan Inc.
Key Questions Answered in This Report
1. What was the size of the global industrial valves market in 2022?
2. What is the expected growth rate of the global industrial valves market during 2023-2028?
3. What are the key factors driving the global industrial valves market?
4. What has been the impact of COVID-19 on the global industrial valves market?
5. What is the breakup of the global industrial valves market based on the product type?
6. What is the breakup of the global industrial valves market based on the functionality?
7. What is the breakup of the global industrial valves market based on the material?
8. What is the breakup of the global industrial valves market based on size?
9. What is the breakup of the global industrial valves market based on the end use industry?
10. What are the key regions in the global industrial valves market?
11. Who are the key players/companies in the global industrial valves market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Industrial Valves Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Product Type
- 6.1 Gate Valve
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Globe Valve
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Butterfly Valve
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Ball Valve
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Check Valve
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Plug Valve
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Others
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 7 Market Breakup by Functionality
- 7.1 On-Off / Isolation Valves
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Control Valves
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Material
- 8.1 Steel
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Cast Iron
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Alloy Based
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 9 Market Breakup by Size
- 9.1 Upto 1”
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 1” – 6”
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 7” – 25”
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 26” – 50”
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 51” and Above
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 10 Market Breakup by End Use Industry
- 10.1 Oil and Gas
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Power
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Pharmaceutical
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Water and Wastewater Treatment
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Chemical
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 10.6 Food and Beverage
- 10.6.1 Market Trends
- 10.6.2 Market Forecast
- 10.7 Others
- 10.7.1 Market Trends
- 10.7.2 Market Forecast
- 11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.2 Asia Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
- 12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
- 13 Value Chain Analysis
- 14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
- 15 Price Analysis
- 16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 AVK Holding A/S
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.2 Cameron International Corporation (Schlumberger)
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.3 The Crane Company
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.4 Emerson Electric Co.
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.5 Flowserve Corporation
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.6 Forbes Marshall
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.7 IMI Plc
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.8 Kitz Corporation
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.9 Neway Valves (Suzhou) Co. Ltd.
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.10 Samson AG
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.11 Velan Inc.
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook