North America Industrial Valves Market – Industry Trends and Forecast to 2030

North America Industrial Valves Market Analysis and Size

Industrial valves are mechanical or electromechanical components used in a variety of industries to control how fluids, gases, slurries, and other substances move through pipes and tubes. The functions of various industrial valve types include pressure control, shut-on/off requirements, and other regulation requirements. Industrial valves are designed for regulating, controlling, and turning on and off processes and come in a variety of sizes and shapes. For high efficiency, industrial valves are also made from metal alloys such as carbon steel, cast iron, stainless steel, and others. Furthermore, industrial valves with high levels of automation and control perform better in hazardous environments such as chemical processing, oil and gas fields, and nuclear power plants.

Data Bridge Market Research analyses that the industrial valves market, valued at USD 21,802.78 million in 2022, will reach USD 35,813.34 million by 2030, growing at a CAGR of 6.4% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

North America Industrial Valves Market Scope and Segmentation  

Market Definition

Industries use industrial valves, which are mechanical devices, to regulate the flow of fluids such as liquids, gases, and slurries through a piping system. They control the flow by widening, narrowing, or partially obstructing the passage. They can also control temperature, pressure, and backflow. Gate valves, globe valves, ball valves, and butterfly valves are just a few examples of the various sizes and types of valves. By controlling fluid flow and preserving system integrity, they are crucial components in sectors such as oil and gas, water treatment, power generation, and manufacturing, ensuring the safe and effective operation of processes.

North America Industrial Valves Market Dynamics

Drivers

• Industrial expansion fuels the market

The demand for industrial valves is driven by the growth and expansion of industries such as oil and gas, petrochemicals, power generation, water and wastewater treatment, and manufacturing. The need for valves to control process parameters, regulate fluid flow, and ensure efficient and secure operations is growing as these industries expand their operations. For tasks such as starting, stopping, and modulating fluid flow, maintaining pressure and temperature levels, and preventing backflow or leakage, valves are crucial parts in these industries. To support their expanding operations, these sectors' expanding industrial activities and infrastructure development directly contribute to the rising demand for industrial valves.

• Technology development fuels the market's expansion

Technological advancements in valve design, materials, and automation have a significant impact on the demand for industrial valves. These advancements introduce new features and capabilities that enhance valve performance, reliability, and control. Improved designs optimize fluid flow, reducing energy consumption and improving efficiency. Advanced materials provide increased durability, corrosion resistance, and compatibility with a wider range of fluids. Automation technologies enable remote operation, monitoring, and integration with control systems, improving process control and efficiency. Industries seek to benefit from these advancements by upgrading their existing valves or investing in new ones to enhance overall performance, reduce maintenance costs, and optimize their processes for better productivity and operational excellence.

Opportunities

• Growing environmental concerns allows market expansion

The demand for industrial valves in green technologies has increased as a result of rising environmental consciousness and the focus on sustainability. These valves are essential for streamlining procedures and reducing environmental impact in processes such as pollution prevention, wastewater treatment, and the production of renewable energy. In hydroelectric power plants, wind turbine cooling systems, and solar thermal systems, valves are used to control fluid flow. Valves are used in wastewater treatment to regulate flow and treatment processes, resulting in effective and environmentally friendly treatment. In line with the growing emphasis on environmental sustainability, valves also aid in pollution control by regulating emissions, preventing leaks, and maintaining process efficiency.

• International trade and globalization fuel market expansion

Supply chains have grown and there is now more demand for industrial valves as a result of industry globalization and increased trade on a global scale. In the logistics and shipping industries, where goods are transported, stored, and processed, valves are essential parts. Valves make it possible to effectively control the fluid flow in tanks, containers, and pipelines, ensuring the secure transportation of a variety of goods. In order to handle and manage the flow of goods across different regions, the demand for valves in ports, terminals, warehouses, and transportation networks rises as global trade volumes rise, adding to the overall demand for industrial valves.

Restraints/Challenges

• Technological obsolescence limits market expansion

The industrial valve industry is constrained by technological obsolescence because of how quickly technology is developing. Older valve designs and features may become obsolete as new technologies develop, which can cause inefficiency and compatibility problems with contemporary control systems. Industries must stay current with technological developments to guarantee that their valves are effective, dependable, and able to work with changing industrial processes. Lack of technological adaptation may lead to decreased productivity, higher maintenance costs, and potential system failures. To reduce the risk of technological obsolescence and maintain market competitiveness, constant monitoring of technological advancements and proactive investment in upgrading valves are required.

• Complex applications limit development

Complex applications are a major barrier for the industrial valve sector. Abrasive media, corrosive fluids, and high temperatures are all factors in some industrial processes. Utilizing specialized valves created to withstand such demanding operating conditions is frequently necessary to meet these demanding conditions. But finding these specialized valves can be difficult and expensive. To guarantee dependability and longevity, the valves must be made from sturdy materials, incorporate cutting-edge sealing mechanisms, and go through stringent testing. Industries may face challenges due to the scarce supply and higher price tags of these specialized valves, which necessitate careful thought and planning to meet the demands of complex applications.

This industrial valves market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial valves market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In 2022, The Crosby J series pressure relief valve product line was introduced by Emerson, and it is meant to ensure balanced operations against backpressure in order to boost performance and reduce ownership costs. They have a bellows leak detection system, which allows for remote detection of bellows ruptures in the valves and lowers volumetric emission.
• In 2022, The series of additively manufactured/3D printed diaphragm values made of unique alloy material were introduced by KSB SE & CO. KGaA. The pharmaceutical industry was the focus of the new valves' design.
• In 2022, The valve and pulp businesses of Flowrox, a technology company with headquarters in Finland, have been acquired by Neles, a leading provider of flow control solutions worldwide. Neles wants to increase its product offering and exposure to the mining and metals sector through this acquisition.
• In 2022, Meggitt PLS, a global leader in the aerospace, defense, and energy markets, was successfully acquired by Parker Hannifin Corporation. Industrial valves and control systems are among the wide range of technologies and goods it offers.
• In 2020, The U.S. Environmental Protection Agency presented the Energy Star Partner of the Year Award to Hayward Industries, Inc., a company that manufactures equipment for residential and commercial swimming pools. According to tests, Hayward provides the pool with variable-speed pumps that are the most energy-efficient. The company will benefit from this award in terms of increased brand value and global recognition.

North America Industrial Valves Market Scope

The industrial valves market is segmented on the basis of component, type, function, material, accessories, size, application, The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Components

• Actuators
• Valve Body
• Others
• Positioners
• I/P Converters

Type

• Gate Valve
• Globe Valve
• Ball Valve
• Butterfly Valve
• Diaphragm Valve
• Check Valve
• Plug Valve
• Pinch Valve
• Needle Valve
• Pressure Relief Valve
• Safety Valve
• Others

Function

• On/Off
• Control
• Isolation
• Regulation
• Safety Relief Valve
• Special Purpose
• Non-Return

Material

• Iron
• Ductile
• Cast Iron
• Carbon Steel
• Alloy
• Plastic
• Brass
• Bronze
• Copper
• Cryogenic
• Aluminium
• Others

Accessories

• Hydraulic Filter
• Power Cable
• Mounting Screw and Bolts
• Seal Kits
• Dust Protection Cover
• Others

Size

• 1 Inch to 6 Inch
• 6 Inch to 12 Inch
• 12 Inch to 24 Inch
• 24 Inch to 48 Inch
• Above 48 Inch

Application

• Oil and Gas
• Building and Construction
• Semiconductors
• Water and Waste Treatment
• Chemical
• Energy and Utilities
• Food and Beverages
• Pharmaceutical
• Agriculture
• Marine
• Automotive
• Metals and Mining
• Paper and Pulp
• Others
• Textile
• Glass

Industrial Valves Market Regional Analysis/Insights

The industrial valves market is analysed and market size insights and trends are provided by country, component, type, function, material, accessories, size, and application as referenced above.

The countries covered in the industrial valves market report are U.S., Canada and Mexico in North America

U.S. dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance are owing growing industrial infrastructure in the country and increasing demand for the control flow products which increases the demand for industrial valves.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Industrial Valves Market Share Analysis

The industrial valves market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial valves market.

Some of the major players operating in the industrial valves market are:

• Emerson Electric Co. (U.S.)
• Flowserve Corporation (U.S.)
• Crane Company (U.S.)
• IMI (U.K.)
• Velan Inc. (Canada)
• KITZ Corporation (Japan)
• Neway valve (China)
• AVK Holding A/S (Denmark)
• Metso (Finland)
• Spirax Sarco Limited. (U.K.)
• Johnson Controls (Ireland)
• Powell Valves (U.S.)
• Curtiss-Wright. (U.S.)
• Mueller Co. LLC. (U.S.)
• Crane Co., CRANE ChemPharma & Energy Corp (U.S.)
• The Weir Group PLC (U.K.)
• Wärtsilä (Finland)
• Bray International (U.S.)
• Dwyer Instruments LTD (U.S.)
• Watts. (U.S.)
• Bonney Forge Corporation (U.S.)
• NIBCO Inc. (U.S.)

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