Infrastructure development are estimated to drive the industrial valve market expansion in the near future at a CAGR of 4.7% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Industrial Valve Market”.

The industrial valve market is estimated to register a CAGR of 4.7% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global industrial valve market— Emerson Electric Co, SLB, IMI PLC, Flowserve Corporation, Trillium Flow Technologies, Crane Company, Walworth, AVK Holding A/S, Kitz Corporation, ARFLU SA.

Market Highlights

The global industrial valve market is accounted to register a CAGR of 4.7% during the forecast period and is estimated to reach USD 108,385.7 Million by 2032.

The significant upswing in the industrial valves market is largely attributable to the worldwide increase in infrastructure development projects. Significant global investments are being made in sectors including construction, energy, and water management, which are fundamental to economic expansion. The current upswing in infrastructure projects is significantly contributing to the increased need for industrial valves, which are essential end use for controlling and regulating the passage of gases and fluids within infrastructure systems. However, high raw material costs are a major obstacle facing the industrial valves market and one that could potentially limit its growth trajectory. This tremendous barrier has become a major impediment, clouding the otherwise bright futures of several sectors. Businesses are becoming increasingly concerned about the spike in raw material prices since it is placing significant pressure on their operating costs and profit margins. Furthermore, the growing emphasis on sustainability and safety in a variety of industries is propelling the industrial valves market's notable expansion. Global company demands for innovative industrial valves have increased as they place a higher priority on operational safety and environmental responsibility. This is expected to accelerate industrial valves market expansion significantly in the upcoming years.

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Segment Analysis

The global industrial valve market has been segmented valve type, material, end use, and size.

Based on valve type, the global industrial valve market segmentation includes ball valve, butterfly valve, check valve, pinch valve, plug valve, globe valve, gate valve, others. The gate valve segment held the majority industrial valve market share in 2022 and is expected to grow at a significant growth rate. The gate valve segment's expansion is primarily driven by its capacity to offer a tight seal when closed. The gate valve's design permits a complete closure, which stops leaks and guarantees a safe shut-off. This component is especially important for safety and environmental compliance in industries like oil and gas, where preventing fluid leaks is crucial. Because of its sealing properties, the gate valve is the recommended option for applications where a tight shut-off cannot be compromised.

Based on material, the global industrial valve market segmentation includes stainless steel, cast iron, alloy-based, cryogenic, and others. Stainless steel segment dominated the market in 2022 and is expected to continue dominating the industrial valve market during the forecast period 2023-2032. The rise in the industrial valve market for stainless steel valves can also be attributed to their adaptability. These valves are appropriate for a variety of applications because they perform well in a broad range of fluid kinds, temperatures, and pressures. Their capacity to adjust to various operating situations makes them dependable parts for industries where performance and flexibility are needed under a variety of conditions.

Based on end use, the industrial valve market segmentation includes oil & gas, construction, energy & power, chemicals, food & beverage, water & wastewater treatment, paper & pulp, and others. The oil & gas segment dominated the industrial valve market in 2022. The oil and gas industry's market is expanding due to a number of causes. First of all, the need for sturdy valves that can resist the demanding conditions of both onshore and offshore drilling operations has increased due to the increased exploration and production activities brought about by the world's growing energy demand. Due to the industry's desire for valves with improved durability and corrosion resistance, this factor is driving segmental growth in the industrial valve market.

Based on size, the Industrial valve market segmentation includes less than 1”, 1” to 25”, 25” to 50”, and 50” and above. The 1” to 25” segment dominated the industrial valve market in 2022. Industrial valves ranging in size from 1 inch to 25 inches play an important part in a wide range of applications across numerous sectors requiring medium to large-scale fluid management. These valves are employed in processes requiring significant fluid handling capacities to control the flow, isolate specific pipeline segments, and transfer liquids, gases, or slurries. The 1" to 25" industrial valve sector serves applications in the petrochemical, water treatment, oil & gas, and power generating industries, among others, where higher flow rates and pressures call for larger valve sizes.

Regional Analysis

The global industrial valve market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US, Canada, and Mexico. The Industrial valve market in Asia-Pacific has been segmented into China, India, Japan, South Korea, and the rest of Asia-Pacific. The Europe Industrial valve market comprises of Germany, France, UK, Italy, Spain, and the rest of Europe. The Middle East and Africa Industrial valve market comprises of Saudi Arabia, South Africa, UAE and Rest of Middle East and Africa. The South America Industrial valve market comprises of Brazil, Argentina, and Rest of South America.

The Asia Pacific industrial valve market held the largest market share in 2022 and it is expected to grow at a significant CAGR during the forecast period. The Asia-Pacific region's growing emphasis on urbanization and infrastructure development has contributed substantially to the increase in demand for industrial valves. The implementation of sophisticated valve technologies has become imperative due to the development of power plants, water treatment facilities, and pipeline networks, among other infrastructure projects. Consequently, the Asia-Pacific industrial valve market is undergoing a significant upswing in demand, propelled by the critical requirement for dependable fluid regulation across a wide range of applications. This development is additionally bolstered by governmental endeavors and investments that are designed to promote the expansion of infrastructure, thereby catalyzing the industrial valve market in the region.

The Europe industrial valve market held the second largest market share in 2022 and it is estimated to grow at a adequate CAGR during the forecast period. The industrial valve market is also being impacted by Europe's dedication to renewable energy sources. Significant growth has been observed in the implementation of renewable energy sources, including solar and wind power, across the continent. Optimal performance and efficiency are achieved through the integration of specialized valves for these alternative energy sources. This factor significantly influences the industrial valve market in the region as manufacturers endeavor to fulfill the need for valves specifically designed for applications involving renewable energy.

The North America industrial valve market held the third largest market share in 2022 and it is expected to grow at a highest CAGR during the forecast period. North America's strict environmental laws encourage the use of cutting-edge valve technology that reduces environmental impact and maximizes operational efficiency. The movement towards sustainable practices is driving the need for valves that lower emissions, leakage, and energy consumption. Consequently, industries are allocating resources toward valve solutions that conform to strict regulatory guidelines, thereby augmenting the North American industrial valve market.

The South America industrial valve market held significant market share in 2022. The growing chemical and petrochemical industry in South America is a factor in the increase in demand for industrial valves. These sectors are expanding steadily in nations like Argentina and Colombia thanks to rising consumer demand and industrialization. Consequently, the need for valves to manage and control fluid flow in diverse processes is increasing, which is supporting the market's growth in the area.

The Middle East and Africa industrial valve market is estimated to grow at a significant CAGR during the forecast period. Significantly contributing to the expansion of the industrial valve market in the Middle East is the robust development of production and exploration of oil and gas. The area, renowned for its substantial oil reserves, is extremely dependent on industrial valves to regulate the flow of natural gas and petroleum oil during the refining and extraction processes. The aforemenfactor mentioned aboveributing to the region's expansion as a significant participant in the worldwide industrial valve market, given the escalating energy demands and the concurrent rise in demand for such valves.

Key Findings of the Study

• Based on end use, the oil & gas industry held the largest market share in 2022 and water & wastewater treatment segment held the second largest market share in 2022.


• The global industrial valve market is expected to reach USD 108,385.7 Million by 2032, at a CAGR of 4.7% during the forecast period.


• Based on valve type, the gate valve segment held the largest market share in 2022 and ball valve segment held the second largest market share in 2022.


• The Asia-Pacific region held the largest market share due to growing emphasis on urbanization and infrastructure development.


• Based on size, the 1” to 25” segment was attributed to holding the largest market in 2022, and less than 1” segment held the second largest market share.


• The key players operating in the industrial valve market are Emerson Electric Co, SLB, IMI PLC, Flowserve Corporation, Trillium Flow Technologies, Crane Company, Walworth, AVK Holding A/S, Kitz Corporation, ARFLU SA.


• Based on material, the stainless steel segment held the largest market share in 2022 and cast iron segment held the second largest market share in 2022.