Industrial Valve Market Research Report Information by Valve (Ball Valve, Butterfly valve, Check valve, Pinch valve, Plug valve, Globe valve, Gate valve, and Others), By Material (Stainless steel, Cast iron, Alloy-based, Cryogenic, and Others), By End Use

Industrial Valve Market Research Report Information by Valve (Ball Valve, Butterfly valve, Check valve, Pinch valve, Plug valve, Globe valve, Gate valve, and Others), By Material (Stainless steel, Cast iron, Alloy-based, Cryogenic, and Others), By End Use (Oil & Gas, Construction, Energy & Power, Chemicals, Food & Beverage, Water & Wastewater Treatment, Paper & Pulp, and Others), By Size (Less than 1”, 1” to 25”, 25” to 50”, and 50” and above), and by Region (North America, South America, Europe, Asia Pacific, And Middle East & Africa) Industry Forecast to 2032

In 2023, the industrial valve market was valued at USD 71,834.5 million. The Industrial Valve Market is expected to increase from USD 74,810.9 million in 2024 to USD 1,08,385.7 million by 2032, with a compound yearly growth rate (CAGR) of 4.68% during the forecast period (2024-2032).

The industrial valves market is rapidly expanding, driven by an increase in demand from a wide range of application areas. These essential parameters are critical in managing the circulation of liquids, gases, and slurries inside a system, ensuring optimal performance in a wide range of applications. The growing demand from end-use sectors such as water and wastewater treatment, manufacturing, chemicals, oil and gas, and power generation is a major driver of the industrial valves market.

The increased exploration and production operations in the oil and gas industry need the employment of sophisticated valve systems to regulate the flow of hydrocarbon. In a similar vein, industrial valves are crucial in controlling the flow of chemicals and water during the water and wastewater treatment process. The power generation industry is a significant contributor to the growing need for industrial valves, as these components are required to regulate steam and other fluids within power plants.

Market Segment insights
The Industrial Valve Market is divided by valve types, including ball valves, butterfly valves, check valves, pinch valves, plug valves, globe valves, gate valves, and others.
The Industrial Valve Market is divided into materials, which include stainless steel, cast iron, alloy-based, cryogenic, and others.
The market is divided into end-use sectors such as oil and gas, construction, energy and power, chemicals, food and beverages, water and wastewater treatment, mining, cement, agriculture, refining and petrochemicals, pulp and paper, and others.
The Industrial Valve Market is divided into four segments based on size: less than 1"", 1"" to 25"", 25"" to 50"", and 50"" and above.

Market Regional Insights
The Industrial Valve Market is divided into five regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The Asia-Pacific region currently owns the greatest market share and is expected to generate considerable revenue throughout the forecast period. Asia-Pacific's increasing oil and gas, energy & power, and water and wastewater treatment equipment industries are driving this rapid expansion.

The growing demand for industrial valves is expected to be fueled by major infrastructural expansion, a thriving industrial sector, and significant investments in exploration. Furthermore, the region's emphasis on improving water management and environmental sustainability is likely to accelerate the use of industrial valves.