Global Industrial Valves Market, By Type (Gate Valve, Globe Valve, Ball Valve, Butterfly Valve, Diaphragm Valve, Check Valve, Plug Valve, Pinch Valve, Needle Valve, Pressure Relief Valve and Others), Function (Isolation, Regulation, Safety Relief Valve, Special Purpose and Non-Return), Material (Ductile Iron, Carbon Steel, Plastic, Brass, Bronze, Copper, Aluminium and Others), Accessories (Hydraulic Filter, Power Cable, Mounting Screw and Bolts, Seal Kits, Dust Protection Cover and Others), Size (1 Inch to 6 Inch, 6 Inch to 12 Inch, 12 Inch to 24 Inch, 24 Inch to 48 Inch and Above 48 Inch), Application (Oil and Gas, Water and Waste Treatment, Chemical, Energy and Utilities, Food and Beverages, Pharmaceutical, Agriculture, Marine, Automotive, Metals and Mining, Paper and Pulp and Others) - Industry Trends and Forecast to 2029
Market Analysis and Size
Industrial valves have taken a crucial role in numerous manufacturing industries throughout the globe. These are widely utilized in process industries for various purposes, such as regulation, direction, and control of slurries, vapors, gases, and liquids, among others. These are known to deliver efficient flow control in industries, including oil and gas, food and beverages, energy and utilities, and water and waste treatment.
Global Industrial Valves Market was valued at USD 73.50 billion in 2021 and is expected to reach USD 101.06 billion by 2029, registering a CAGR of 4.06% during the forecast period of 2022-2029. Globe Valve accounts for the largest application segment in the market due to its better full-closing characteristics. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Industrial valves are the mechanical devices that are used to control the stream or flow of water or liquids, gases and slurries. Industrial valves are the regulators that regulate the flow via pipes and other passages by opening, closing and partially open the vaults. With the rapid investment in technology, these manually control mechanical devices can now be automatically operated.
Report Scope and Market Segmentation
Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014- 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Gate Valve, Globe Valve, Ball Valve, Butterfly Valve, Diaphragm Valve, Check Valve, Plug Valve, Pinch Valve, Needle Valve, Pressure Relief Valve and Others), Function (Isolation, Regulation, Safety Relief Valve, Special Purpose and Non-Return), Material (Ductile Iron, Carbon Steel, Plastic, Brass, Bronze, Copper, Aluminium and Others), Accessories (Hydraulic Filter, Power Cable, Mounting Screw and Bolts, Seal Kits, Dust Protection Cover and Others), Size (1 Inch to 6 Inch, 6 Inch to 12 Inch, 12 Inch to 24 Inch, 24 Inch to 48 Inch and Above 48 Inch), Application (Oil and Gas, Water and Waste Treatment, Chemical, Energy and Utilities, Food and Beverages, Pharmaceutical, Agriculture, Marine, Automotive, Metals and Mining, Paper and Pulp and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
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Market Players Covered
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Emerson Electric Co. (US), Schlumberger Limited. (US), Flowserve Corporation (US), IMI (India), Metso Corporation (Finland), GE VALVE (India), Curtiss-Wright Corporation (US), Crane Co. (US), Neway valve. (China), McWane, Inc. (US), ALFA LAVAL (Sweden), Rotork (UK), KITZ Corporation (Japan), KSB SE & Co. KGaA (Germany), Velan Inc. (Canada), Honeywell. (US), Spirax-Sarco Engineering plc (UK), SAMSON AG (Germany), Forbes Marshall (India), and Swagelok Company (US), among others
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Market Opportunities
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Industrial Valves Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Infrastructural Developments
The increase in number of infrastructure-related developments is one of the major factors driving the growth of industrial valves market. The rise in infrastructure-related projects escalating private participation in infrastructure (PPI) to invest more generate more demand for industrial valves.
- Enhancement of Industrial Equipment
The rise in the industrial equipment performance and lubricant life with continuous filtration of lubricants accelerate the market growth. Also, the continuous use of these system assists in lowering machinery repair costs along with the production downtime.
- Use in Pharmaceutical Sector
The rise in the use of industrial valves in the pharmaceutical sector to avoid contamination that may occur due to inefficient chemical handling accelerate the market growth. The integration of the industrial valves in the pharmaceutical sector has become crucial with the need for high-quality pharmaceutical products.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the industrial valves market.
Opportunities
Furthermore, use of IoT and Industry 4.0 in industrial valves and expansion of refineries and petrochemical plants extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, manufacturing of industrial valves through 3D printing and need for replacement of outdated valves will further expand the market.
Restraints/Challenges
On the other hand, lack of standardized policies and local manufacturers offering low-priced valves are expected to obstruct market growth. Also, concerns regarding unplanned downtime due to malfunctioning or failure of valves are projected to challenge the industrial valves market in the forecast period of 2022-2029.
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 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.
COVID-19 Impact on Industrial Valves Market
The COVID-19 had a negative impact on industrial valves market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for industrial valves market. The supply chain got hampered during the pandemic along with delay logistics activities. However, the industrial valves market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Recent Developments
- KITZ Corporation unveiled the news regarding their acquisition of common shares of TOA Valve Engineering Inc. (Japan) in September’2021. They signed an agreement of capital and business alliance that assists both the companies in enhancing their corporate value. This also helps in the expansion of their businesses through mutual sharing of technologies, strengths and strategies associated with valves.
Global Industrial Valves Market Scope and Market Size
The industrial valves market is segmented on the basis of type, function, material, accessories, size and application. The growth amongst these segments will help you analyze meager 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.
Type
- Gate Valve
- Globe Valve
- Ball Valve
- Butterfly Valve
- Diaphragm Valve
- Check Valve
- Plug Valve
- Pinch Valve
- Needle Valve
- Pressure Relief Valve
- Others
Function
- Isolation
- Regulation
- Safety Relief Valve
- Special Purpose
- Non-Return
Material
- Ductile Iron
- Carbon Steel
- Plastic
- Brass
- Bronze
- Copper
- 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
- Water and Waste Treatment
- Chemical
- Energy and Utilities
- Food and Beverages
- Pharmaceutical
- Agriculture
- Marine
- Automotive
- Metals and Mining
- Paper and Pulp
- Others
Industrial Valves Market Regional Analysis/Insights
The industrial valves market is analyzed and market size insights and trends are provided by country, type, function, material, accessories, size and application.
The countries covered in the industrial valves market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific (APAC) dominates the industrial valves market due to the rapid urbanization and industrialization within the region.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 because of the presence of major biopharmaceutical firms and accessibility to technologically advanced products in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact 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
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. (US)
- Schlumberger Limited. (US)
- Flowserve Corporation (US)
- IMI (India)
- Metso Corporation (Finland)
- GE VALVE (India)
- Curtiss-Wright Corporation (US)
- Crane Co. (US)
- Neway valve. (China)
- McWane, Inc. (US)
- ALFA LAVAL (Sweden)
- Rotork (UK)
- KITZ Corporation (Japan)
- KSB SE & Co. KGaA (Germany)
- Velan Inc. (Canada)
- Honeywell. (US)
- Spirax-Sarco Engineering plc (UK)
- SAMSON AG (Germany)
- Forbes Marshall (India)
- Swagelok Company (US)
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