# Industrial Valve Market

> Industrial Valves Market Research Report By Valve Type (Gate Valves, Ball Valves, Butterfly Valves, Globe Valves, Check Valves, Diaphragm Valves, Others (Plug, Pinch, Needle)), By End-User Industry (Oil & Gas, Water & Wastewater, Power Generation, Chemical & Petrochemical, Food & Beverage, Pharmaceutical & Biotech, Others (Mining, Pulp & Paper, HVAC)), By Actuation Mode (Manual, Pneumatic, Electric, Hydraulic) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Industry Forecast to 2035

- **Forecast Period:** 2026-2035
- **2025:** USD 88.5 Billion
- **2035:** USD 155.5 Billion
- **Key Players:** Emerson Electric (Fisher, Vanessa), Flowserve Corporation, IMI plc (IMI Critical Engineering), Schlumberger (Cameron), Crane Co. (Crane ChemPharma & Energy), Neles (Valmet), KITZ Corporation, Velan Inc.

**Report ID:** MRFR/Equip/6067-CR · **Pages:** 254 · **Author:** Snehal Singh · **Last Updated:** June 29, 2026

**URL:** https://www.marketresearchfuture.com/reports/industrial-valve-market-7536

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## Market Summary

As per MRFR analysis, Global Industrial Valve Market valued at USD 74.81 Billion in 2024 is projected to reach USD 123.75 Billion by 2035, growing at a CAGR of 4.68% during 2025-2035. North America remains market leader with 50% share driven by oil & gas and water infrastructure, while Asia-Pacific emerges fastest with 5.8% CAGR fueled by industrial automation and urbanization.

### Fastest Growing Segments

| Segment | 2024 Share | CAGR | Key Driver |
| --- | --- | --- | --- |
| Water & Wastewater Treatment | 28.5% | 5.1% | Global water scarcity + infrastructure modernization |
| Oil & Gas | 30.2% | 5.5% | Exploration & production in developing regions |
| Power Generation | 20.8% | 4.3% | Renewable energy transition + grid modernization |

## Market Drivers

## Driver Impact Analysis

| Driver | ~% Impact on CAGR | Geographic Relevance | Impact Timeline | Ref |
| --- | --- | --- | --- | --- |
| Oil & gas midstream expansion | +1.4% | North America, Middle East | Short-term (≤2 yr) |   |
| Water infrastructure investment programs | +1.1% | Asia-Pacific, Africa | Medium-term (2–4 yr) | [1] |
| LNG liquefaction and regasification buildout | +0.9% | Global | Short-term (≤2 yr) | [11] |
| Fugitive emissions regulations (EPA, EU ETS) | +0.7% | North America, Europe | Medium-term (2–4 yr) | [2] |
| Hydrogen economy and CCUS pipeline development | +0.6% | Europe, Asia-Pacific | Long-term (≥4 yr) | [12] |
| Smart valve and IIoT integration | +0.5% | Global | Long-term (≥4 yr) | [3] |
| Nuclear power restarts and new builds | +0.4% | Europe, Asia-Pacific | Long-term (≥4 yr) | [13] |

### Oil and Gas Midstream Expansion

North American midstream operators committed over USD 45 billion in pipeline and processing capex between 2023 and 2025, and planned final investment decisions through 2028, adding another USD 60 billion in sanctioned projects. Each new pipeline segment requires thousands of gate, ball, and check valves rated for sour-service or high-pressure classes. The Permian Basin alone saw three major NGL fractionation expansions sanctioned in 2024, each specifying API 6D ball valves and ASME Class 600 gate valves in carbon and duplex stainless steel [[11]](https://igu.org).

### Global Water Infrastructure Programs

India's Jal Jeevan Mission has allocated INR 3.6 trillion (approximately USD 43 billion) to deliver piped water to every rural household by 2028, creating massive demand for ductile-iron butterfly and gate valves in distribution networks [[14]](https://jaljeevanmission.gov.in). In the United States, the Bipartisan Infrastructure Law earmarks USD 55 billion for water and wastewater improvements, with a significant portion directed at lead service-line replacement and treatment-plant upgrades that require corrosion-resistant valve trim [[1]](https://infrastructurereportcard.org).

### Fugitive Emissions Regulations

The U.S. EPA's Quad-Ob/OOOOc methane rules, finalized in late 2024, impose stringent leak detection and repair requirements on upstream and midstream facilities, accelerating replacements of legacy rising-stem valves with low-emission packing designs [[2]](https://epa.gov/controlling-air-pollution-oil-and-natural-gas). Europe's revised Industrial Emissions Directive similarly tightens fugitive-emission thresholds for refineries and chemical plants, compelling operators to retrofit or replace existing isolation and control valves with certified low-leak alternatives [[4]](https://eur-lex.europa.eu).

### LNG and Hydrogen Pipeline Buildout

Global LNG liquefaction capacity is expected to grow by 45% between 2025 and 2030, according to the International Gas Union, requiring cryogenic-rated valves capable of operating at temperatures below –162 °C [[11]](https://igu.org). Simultaneously, the European Hydrogen Backbone initiative envisions 28,000 km of dedicated hydrogen pipelines by 2030, creating new demand for valves tested and certified for hydrogen embrittlement resistance [[12]](https://hydrogencouncil.com).

## Restraints

## Restraints Impact Analysis

Restraint impact percentages follow the same directional methodology described in Section 4. They indicate estimated downward pressure on growth but are not linearly subtractive from the CAGR.

| Restraint | ~% Impact on CAGR | Geographic Relevance | Impact Timeline | Ref |
| --- | --- | --- | --- | --- |
| Raw-material price volatility (steel, nickel, alloys) | –0.5% | Global | Short-term (≤2 yr) | [6] |
| Extended project lead times and permitting delays | –0.4% | North America, Europe | Medium-term (2–4 yr) | [15] |
| Competition from low-cost manufacturers | –0.3% | Asia-Pacific exports globally | Medium-term (2–4 yr) | [16] |
| Skilled labor shortages in valve fabrication | –0.3% | North America, Europe | Long-term (≥4 yr) | [17] |
| Energy transition uncertainty in fossil-fuel demand | –0.2% | Global | Long-term (≥4 yr) | [10] |

### Raw-Material Price Volatility

Stainless-steel and nickel-alloy prices surged over 40% between 2021 and 2023 before partially correcting, squeezing margins for valve manufacturers and prompting some end users to delay procurement cycles [[6]](https://worldsteel.org). Duplex and super-duplex steels, critical for sour-service and offshore valves, remain subject to supply concentration risk as fewer than ten global mills produce these grades at scale.

### Extended Project Permitting Timelines

Major pipeline and LNG projects in the United States and Europe now face average permitting timelines of 3–5 years, up from 18–24 months a decade ago [[15]](https://gao.gov). These delays cascade into valve procurement schedules, pushing orders to the right and introducing forecast uncertainty for manufacturers planning production capacity. The Mountain Valley Pipeline, for example, experienced seven years of regulatory proceedings before completion in 2024.

### Low-Cost Manufacturer Competition

Chinese and Indian valve manufacturers have expanded export capacity significantly, offering products at 30–50% discounts to Western OEMs for comparable API and ISO certifications [[16]](https://comtrade.un.org). While quality concerns persist in safety-critical applications, cost-sensitive segments such as building [HVAC](https://www.marketresearchfuture.com/reports/heating-ventilation-air-conditioning-market-801) and municipal water distribution have shifted meaningfully toward these suppliers, compressing margins for established players.

## Opportunities

## Industrial Valve Market Opportunities

### Smart Valve and Predictive Maintenance Platforms

If OEMs are ready to offer outcome-based maintenance contracts rather than just hardware, then they can generate recurring revenue streams by integrating wireless sensor networks and analytics based on AI into valve positioners and actuators. Smart valves are the foundation of that value proposition [[3]](https://iea.org/reports/digitalisation-and-energy). By 2030, predictive maintenance may save process industries an estimated USD 630 billion a year in unnecessary downtime expenses.

### Hydrogen-Ready and CCUS Valve Certification

The hydrogen blending requirements and the scaling up of carbon-capture pipeline projects from pilot to commercial scale represent a large valve-certification gap for 100% hydrogen service and dense-phase CO₂ transport. Manufacturers who make early investments in testing, qualification and materials R&D can secure premium prices and multi-year supply contracts with national hydrogen utilities [[12]](https://hydrogencouncil.com).

### Emerging-Market Water and Sanitation Infrastructure

The Industrial Valve Market provides significant greenfield prospects in Sub-Saharan Africa and Southeast Asia, where a number of countries have urbanization rates of more than 4% each year. The World Bank promised more than USD 30 billion in water and sanitation lending through 2030. And every new treatment plant or distribution network needs considerable valve procurement [[14]](https://jaljeevanmission.gov.in).

### Modular and Prefabricated Valve Packages

LNG and petrochemical projects are becoming more and more modular in construction processes, pushing valve specification and testing upstream into fabrication yards. By delivering valve packages pre-assembled, tested, and tagged, manufacturers can cut field installation time by 25–40%, generating a differentiated value proposition that commands greater margins [[11]](https://igu.org).

### Data Monetization Through Digital Twins

Valve OEMs that capture operational data from installed smart valves can build anonymized performance benchmarking databases, offering end users analytics-as-a-service products. This transforms one-time hardware sales into subscription-based digital business models with gross margins exceeding 60%, a pattern already proven in adjacent industrial segments like pump and compressor monitoring [[3]](https://iea.org/reports/digitalisation-and-energy).

## Future Outlook

## Industrial Valve Market Future Outlook

### AI-Driven Autonomous Process Operations

Artificial intelligence is moving beyond predictive maintenance into closed-loop autonomous valve control. By 2030, an estimated 15% of large process plants will operate with AI-optimized control loops that dynamically adjust valve positions for throughput, energy efficiency, and emissions compliance simultaneously [[3]](https://iea.org/reports/digitalisation-and-energy). Valve manufacturers offering edge-computing-ready actuators will capture disproportionate aftermarket value as brownfield plants digitize.

### The Hydrogen and CCUS Supercycle

Cumulative global investment in hydrogen production and transport infrastructure is projected to exceed USD 500 billion by 2035, according to the Hydrogen Council, while CCUS pipeline networks could span 30,000 km across North America and Europe by the same year [[12]](https://hydrogencouncil.com)[[10]](https://irena.org). This supercycle introduces entirely new material and testing requirements — valve OEMs must invest now in hydrogen compatibility labs and CO₂ phase-behavior test rigs to remain qualified suppliers.

### Electrification and Battery-Powered Actuation

Electric actuators are steadily displacing pneumatic and hydraulic actuation in the Industrial Valve Market, driven by lower lifecycle costs, elimination of instrument air systems, and compatibility with digital control architectures. BloombergNEF estimates that electric actuator penetration in new valve installations will exceed 40% by 2032, up from roughly 22% in 2024 [[18]](https://bnef.com).

### ESG Reporting and Supply-Chain Traceability

Scope 3 emissions reporting requirements under the EU's Corporate Sustainability Reporting Directive are pushing end users to demand material traceability and carbon-intensity data from valve suppliers. Manufacturers that invest in blockchain-based material provenance tracking and third-party-verified environmental product declarations will secure preferred-supplier status with major EPCs and national oil companies [[4]](https://eur-lex.europa.eu).

## Segment Insights

## Industrial Valve Market Segmentation

### By Valve Type

| Segment | Key Metric | Primary Demand Driver |
| --- | --- | --- |
| Gate Valves | 28% share (2025) | Pipeline isolation duty, water distribution |
| Ball Valves | CAGR 6.4% | LNG, hydrogen, quarter-turn automation |
| Butterfly Valves | USD 15.9 B (2025) | Large-diameter HVAC, water treatment |
| Globe Valves | 12% share | Throttling service in power and chemical plants |
| Check Valves | CAGR 5.5% | Pump discharge protection, non-return service |
| Diaphragm Valves | USD 4.4 B (2025) | Pharmaceutical, food, biotech |
| Others (Plug, Pinch, Needle) | 5% share | Specialty chemical, sampling |

Gate valves remain the workhorse of the Industrial Valve Market because virtually every pipeline isolation application — from crude-oil trunk lines to potable-water mains — specifies a rising-stem or slab-gate design for full-bore, low-pressure-drop shut-off. Their dominance is structural: any new pipeline kilometer built anywhere in the world requires multiple gate valves at block-valve stations, pig launchers, and manifold assemblies.

Ball valves are gaining share at the fastest pace, propelled by LNG's extreme growth and the hydrogen economy's need for metal-seated, fire-safe quarter-turn valves. The emergence of fully welded ball valve designs rated for high-cycle hydrogen service positions this segment for continued outperformance as energy-transition infrastructure spending accelerates through 2035.

### By End-User Industry

| Segment | Key Metric | Primary Demand Driver |
| --- | --- | --- |
| Oil & Gas | 28% share (2025) | Upstream, midstream, and refining capex |
| Water & Wastewater | CAGR 6.8% | Municipal infrastructure programs |
| Power Generation | USD 13.3 B (2025) | CCGT, nuclear restarts, renewables BOP |
| Chemical & Petrochemical | 14% share | Ethylene, methanol, specialty chemicals |
| Food & Beverage | CAGR 6.2% | Hygienic processing regulations |
| Pharmaceutical & Biotech | USD 5.3 B (2025) | Biomanufacturing scale-up |
| Others (Mining, Pulp & Paper, HVAC) | 11% share | Diversified industrial applications |

Oil and gas remain the anchor vertical, though its relative share is gradually declining as water, food-processing, and pharmaceutical applications grow faster. The water and wastewater segment benefits from an unusual convergence of policy tailwinds — India's Jal Jeevan Mission, U.S. lead-pipe replacement mandates, and UN Sustainable Development Goal 6 targets all channel public spending into treatment plants and distribution networks that are valve-intensive by design.

The pharmaceutical and biotech segment, while smaller in absolute terms, commands premium unit pricing because valve specifications demand sanitary finishes, CIP/SIP compatibility, FDA-compliant elastomers, and full material traceability — characteristics that favor specialized manufacturers with validated quality systems.

### By Actuation Mode

| Segment | Key Metric | Primary Demand Driver |
| --- | --- | --- |
| Manual | 42% share (2025) | Cost-sensitive isolation applications |
| Pneumatic | USD 21.7 B (2025) | Existing installed base in process plants |
| Electric | CAGR 7.8% | Digital integration, energy efficiency |
| Hydraulic | 8% share | High-force subsea and wellhead applications |

Manual valves still dominate by unit count, but the growth story belongs to electric actuation. Plant operators are increasingly specifying electric actuators for new installations because they eliminate the cost and maintenance burden of compressed-air systems while offering direct integration with digital control platforms and remote-operations architectures [[18]](https://bnef.com).

## Regional Market Share Analysis

## Regional Market Share Analysis

| Region | Key Metric | Primary Investment Themes |
| --- | --- | --- |
| Asia-Pacific | 38% share (2025) | Petrochemical expansion, water infrastructure, nuclear |
| North America | USD 22.1 B (2025) | LNG terminals, shale midstream, water utility upgrades |
| Europe | 22% share (2025) | Hydrogen pipelines, decarbonization retrofits, nuclear restarts |
| Middle East & Africa | CAGR 6.5% | Oil & gas megaprojects, desalination, Vision 2030 |
| South America | USD 5.3 B (2025) | Pre-salt offshore, mining, municipal water |
| Total | USD 88.5 B (2025) | — |

The Industrial Valve Market displays meaningful regional variation driven by differing energy mixes, infrastructure maturity, and regulatory regimes. Asia-Pacific's dominance reflects both the sheer scale of Chinese industrial output and accelerating greenfield investment across India and Southeast Asia, while North America's strength traces to hydrocarbon midstream expansion and stringent valve specification cultures.

### Asia-Pacific

| Country | Key Metric | Key Driver |
| --- | --- | --- |
| China | 48% of regional share | Petrochemical self-sufficiency program |
| India | CAGR 8.1% | Jal Jeevan Mission and refinery expansion |
| Japan | USD 3.2 B (2025) | Nuclear restarts and LNG import terminals |
| South Korea | 7% of regional share | Shipbuilding and semiconductor fabs |
| Southeast Asia | CAGR 7.5% | Urbanization and gas-fired power buildout |

China's ongoing USD 120 billion petrochemical capacity expansion along its eastern seaboard drives sustained demand for high-specification control and isolation valves across ethylene, PTA, and refining complexes. India's trajectory is equally compelling — beyond the Jal Jeevan Mission, India's city gas distribution network is expanding to 300+ cities, each requiring extensive pressure-regulation and safety shut-off valve systems [[14]](https://jaljeevanmission.gov.in).

### North America

| Country | Key Metric | Key Driver |
| --- | --- | --- |
| United States | 78% of regional share | LNG export, shale midstream, water infrastructure |
| Canada | USD 3.5 B (2025) | Oil-sands debottlenecking, Trans Mountain |
| Mexico | CAGR 5.2% | Pemex refinery rehabilitation, nearshoring |

The United States remains the single largest national market for industrial valves, with Gulf Coast LNG export terminals alone accounting for an estimated USD 1.8 billion in valve procurement between 2024 and 2028 [[11]](https://igu.org). Domestic water-utility spending is also accelerating as the EPA's Lead and Copper Rule Improvements drive widespread distribution-system valve replacements [[1]](https://infrastructurereportcard.org).

### Europe

| Country | Key Metric | Key Driver |
| --- | --- | --- |
| Germany | 24% of regional share | Hydrogen backbone, chemical industry |
| United Kingdom | CAGR 5.9% | North Sea decommissioning, offshore wind |
| France | USD 2.8 B (2025) | Nuclear fleet life-extension program |
| Italy | 12% of regional share | Refinery conversion to biorefineries |

Europe's Industrial Valve Market growth increasingly ties to energy-transition infrastructure. The European Hydrogen Backbone consortium's plan for 28,000 km of pipelines by 2030 represents a material greenfield demand pulse for valves tested against hydrogen embrittlement standards, while the EU Methane Regulation compels upstream operators to replace aging valve stock with certified low-emission designs [[4]](https://eur-lex.europa.eu)[[12]](https://hydrogencouncil.com).

### Middle East and Africa

| Country | Key Metric | Key Driver |
| --- | --- | --- |
| Saudi Arabia | 35% of regional share | Aramco expansion, NEOM, desalination |
| UAE | USD 2.1 B (2025) | ADNOC gas processing, nuclear |
| Rest of MEA | CAGR 7.0% | Sub-Saharan water, Nigerian refinery projects |

Saudi Aramco's Jafurah unconventional gas development alone is expected to require over 500,000 individual valve units across production, processing, and pipeline facilities, with first gas targeted for 2025 and full ramp-up by 2030. Desalination capacity across the GCC is set to double by 2035, sustaining demand for corrosion-resistant alloy valves in seawater service.

### South America

| Country | Key Metric | Key Driver |
| --- | --- | --- |
| Brazil | 62% of regional share | Petrobras pre-salt FPSOs, Comperj |
| Argentina | CAGR 6.3% | Vaca Muerta shale development |
| Rest of South America | USD 1.2 B (2025) | Mining, municipal water |

Petrobras plans to deploy 15 new floating production units between 2025 and 2030 under its 2024–2028 strategic plan, each requiring thousands of high-pressure subsea and topside valves in super-duplex and Inconel materials. Argentina's Vaca Muerta formation, meanwhile, has attracted over USD 5 billion in upstream investment commitments through 2027.

## Competitive Benchmarking

## Competitive Benchmarking

The Industrial Valve Market is moderately fragmented, with an estimated Herfindahl-Hirschman Index below 500 and the top five players holding a combined 22–26% revenue share. Hundreds of regional manufacturers compete in commodity segments, while a smaller group of global OEMs dominates safety-critical, high-specification niches such as cryogenic, subsea, and severe-service control valves. Competitive differentiation increasingly rests on digital capabilities, aftermarket service networks, and certification breadth.

| Company | Est. Revenue Share Range | Key Offerings | Strategic Positioning |
| --- | --- | --- | --- |
| Emerson Electric (Fisher, Vanessa) | ~5–7% | Control valves, actuators, digital solutions | Integrated automation ecosystem |
| Flowserve Corporation | ~4–6% | Isolation, control, nuclear-qualified valves | Aftermarket and lifecycle services |
| IMI plc (IMI Critical Engineering) | ~3–5% | Severe-service, nuclear, custom-engineered | Premium niche engineering |
| Schlumberger (Cameron) | ~3–5% | Subsea, wellhead, surface chokes | Upstream oil & gas specialist |
| Crane Co. (Crane ChemPharma & Energy) | ~2–4% | Process, cryogenic, sanitary valves | Material science and alloy expertise |
| Neles (Valmet) | ~2–4% | Ball, butterfly, automation packages | Pulp & paper and process digitalization |
| KITZ Corporation | ~2–3% | Bronze, stainless, industrial ball valves | Asia-Pacific distribution strength |
| Velan Inc. | ~1–3% | Nuclear, cryogenic, forged-steel valves | Nuclear fleet installed base |
| Bray International | ~1–2% | Resilient-seated butterfly, ball valves | Cost-competitive midmarket |
| AVK Group | ~1–2% | Water and wastewater gate, butterfly valves | Municipal specification dominance |

## Recent News & Developments

## Recent News & Developments

- IMI Critical Engineering (March 2024): Completed hydrogen-compatibility testing of its full severe-service valve portfolio at pressures up to 700 bar, becoming one of the first major OEMs to certify a product line for 100% hydrogen pipeline service [[12]](https://hydrogencouncil.com).

- European Commission (4 August 2024 ): Published the final text of the EU Methane Regulation requiring oil, gas, and coal operators to implement mandatory leak detection and repair programs, directly driving valve replacement cycles across European upstream assets [[4]](https://eur-lex.europa.eu).

## Report Scope

## Industrial Valve Market Report Scope

| Parameter | Detail |
| --- | --- |
| Market Scope | Global Industrial Valve Market — valves, actuators, and accessories |
| Study Period | 2021–2035 |
| CAGR Window | 2026–2035 |
| Market Size (2025) | USD 88.5 Billion |
| Market Size (2035) | USD 155.5 Billion |
| CAGR | 5.8% |
| Fastest Growing Segment (Type) | Ball Valves (CAGR 6.4%) |
| Fastest Growing Region | Asia-Pacific (CAGR ~7.2%) |
| Companies Profiled | 10 |
| Valuation Currency | USD (constant 2025 dollars) |
| CAGR Driver Disclaimer | Impact percentages are directional; not additive to headline CAGR |

## Frequently Asked Questions

**Q: How do lead times for custom-engineered valves compare to standard catalog products?**
A: Custom-engineered valves in exotic alloys or nuclear grades typically require 26–40 weeks versus 6–10 weeks for standard carbon-steel catalog items [5]. Buyers should place engineered-valve orders 12+ months ahead of construction milestones to avoid schedule risk.

**Q: What qualification standards differentiate valve suppliers in subsea applications?**
A: API 17D and API 6DSS govern subsea valve design, testing, and material requirements at pressures exceeding 15,000 psi [8]. Only a handful of manufacturers globally hold active subsea qualifications, creating significant barriers to entry.

**Q: How is additive manufacturing changing valve production economics?**
A: Metal 3D printing enables complex internal flow geometries and reduces lead times for low-volume specialty valve bodies by 40–60% [20]. Adoption remains limited to prototyping and niche severe-service components due to certification timelines.

**Q: What total cost-of-ownership factors should buyers weigh beyond purchase price?**
A: Installation, actuation, maintenance, energy consumption, and fugitive-emission compliance costs typically represent 60–70% of a valve's lifetime expense [22]. Specifying higher-grade packing and electric actuation often lowers total cost despite a higher upfront price.

**Q: How do trade tariffs affect valve procurement strategy?**
A: U.S. Section 301 tariffs on Chinese-origin valves range from 7.5% to 25%, prompting many buyers to dual-source from India, South Korea, and domestic suppliers [16]. Tariff exposure should be modeled into landed-cost comparisons during vendor evaluation.

**Q: What role do valve distributors play in the Industrial Valve Market's channel structure?**
A: Distributors handle roughly 35–40% of valve sales globally, providing local stocking, technical selection support, and same-day availability for MRO needs [5]. Direct OEM channels dominate for project-engineered and safety-critical specifications.

**Q: How will digital twin technology reshape valve aftermarket services?**
A: Digital twins enable continuous performance monitoring and virtual failure-mode simulation, reducing unplanned maintenance interventions by up to 30% [3]. OEMs offering twin-enabled lifecycle contracts will capture growing aftermarket share through 2035.


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*This Markdown endpoint is provided for AI systems and LLM crawlers. For the full interactive report visit https://www.marketresearchfuture.com/reports/industrial-valve-market-7536*