Global Valves Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Valves Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A valve is a device that regulates, directs or controls the flow of a fluid (gases, liquids, fluidized solids, or slurries) by opening, closing, or partially obstructing various passageways. Valves are technically fittings, but are usually discussed as a separate category. In an open valve, fluid flows in a direction from higher pressure to lower pressure. The word is derived from the Latin valva, the moving part of a door, in turn from volvere, to turn, roll. Valves are used to control the flow of fluids and gases in number of industries. Rising industrialization globally has given rise to the demand of industrial valves. Often, valves are used to contain flammable, hazardous fluids and gases. Valves control the pressure of such fluids and gases such that they do not escape or leak from the pipes or the pipeline systems. Valves can be manually and automatically operated. The strong need for efficient workplace safety has increased as many industrial processes produce flammable gases and fluids. The need for efficient work place safety is expected to fuel the demand for valves globally.

Market Overview:

The latest research study on the global Valves market finds that the global Valves market reached a value of USD 64641.44 million in 2022. It’s expected that the market will achieve USD 90131.71 million by 2028, exhibiting a CAGR of 5.7% during the forecast period.

Limitations

In addition to some developed regions in Europe and the United States, many regions have small scale, low industrial concentration, unreasonable product structure, weak independent innovation capability, backward equipment and technology, high input, high consumption, high pollution, low efficiency and low efficiency.
Due to the limitation of the level of casting technology, raw materials such as cast steel and cast iron are wasted in the production process. A large amount of waste in the casting process is not conducive to cost savings in the valve industry, and is not conducive to the valve industry to strive for greater living space in the fierce market competition, and is not conducive to the long-term development of the valve industry.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

Emerson Electric is one of the major players operating in the Valves market, holding a share of 3.71% in 2018.

Emerson is a technology and engineering company providing solutions for the industrial, commercial and consumer markets worldwide. The company's Automation Solutions division provides products and integrated solutions, including measurement and analysis instruments; valves, actuators and regulators; industrial solutions and process control systems and solutions. It serves oil and gas, refining, chemicals and power generation, pharmaceuticals, food and beverage, automotive, pulp and paper, metal and mining, and municipal water supply markets.

IMI plc is the world's leading provider of critical flow control solutions that help critical energy and process industries operate safely, cleanly, reliably and efficiently. IMI plc designs, manufactures and services engineering products worldwide. The company operates through three divisions: IMI Critical Engineering, IMI Precision Engineering and IMI Hydronic Engineering.

Segmentation Overview:

Among different product types, Ball Valves segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, Oil and Gas segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Valves market covered in Chapter 3:

AVK Holding A/S
Flowserve Corporation
Emerson Electric Co.
Bürkert Fluid Control Systems
Schlumberger Limited
Rotork Plc
Goodwin International Ltd
General Electric Company
KITZ Corporation
Honeywell International Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Valves market from 2018 to 2029 is primarily split into:

Pressure Reducing Valves
Safety/Relief Valves
Control Valves

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Valves market from 2018 to 2029 covers:

Oil & Gas
Power
Chemicals
Marine
Construction
Pulp & Paper
Mining
Water & Waste Water Treatment
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)