Industrial Valve Market Research Report – Forecast till 2030

Industrial Valve Market Research Report Information By Type (Ball, Butterfly, Check, Gate, Globe and Plug), By Material (Stainless Steel, Cast Iron, Alloy Based and Cryogenic), By End-Users (Oil & Gas, Energy & Power, Chemicals and Construction), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

ID: MRFR/SEM/6067-HCR | | Region: Global | 100 Pages         

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Global Industrial Valve Market Overview:


Industrial Valve Market Size was valued at USD 59.2 billion in 2021. The industrial valve market industry is projected to grow from USD 62.81 Billion in 2022 to USD 95.07 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.10% during the forecast period (2022 - 2030). One of the key market driver propelling the growth of the industrial valves market is the rise in infrastructure-related activities.
Global Industrial Valve Market Overview
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Industrial Valve Market Trends


The rise in energy demand caused by the increase in disposable income in urban and rural areas to boost the market growth


Urban population growth as a result of increased urbanization has been accompanied by the introduction of new projects including smart cities, commercial hubs, and other efforts. These projects need 24/7 electrification from the point of conception through maintenance in order to fulfill all requirements. Industrial valves are essential to this process because uninterrupted electrical power is necessary for the proper operation of commercial centers and all associated infrastructure. Valve applications in the power sector include turbine bypass, feed pump recirculation, boiler start-up, and steam regulation. Valves are employed in water systems for the power industry to recirculate boiler feed pumps. Due to their on/off and modulated functioning capabilities, valves are essential in this situation. Valves are also utilised in common systems for superheaters, turbine bypasses, and superheater bypasses. To regulate pressure, we employ regulating valves. According to a report from the power ministry of the Indian government, the production of electricity climbed 7.96% from 1,381.827 BU in 2020–21 to 1,491.859 BU in 2021–22. Additionally, the demand for industrial valves is expected to rise during the projected period due to the quick rise in energy demand caused by the increase in disposable income in urban and rural areas.


Furthermore, the pharmaceutical business uses industrial valves frequently to avoid contamination and maintain hygienic manufacturing practices. These sterile industrial valves are made to make it possible to carry delicate items safely. To increase its market share for Industrial Valves, AKO Armaturen introduced EHEDG-certified pinch valves in June 2022. These valves were created to satisfy the hygienic design requirements of the pharmaceutical industry. The brand-new item makes sure that the valve sleeve shuts off completely tightly, preventing any contamination. They can be utilised in a variety of manufacturing procedures for the transportation of goods including powders, tablets, and liquids. Therefore, this factor has enhanced the industrial valve market CAGR across the globe in the recent years.


Additionally, milk, dairy goods, and bread are just a few of the many products that the food and beverage business processes. They must make sure that the production procedures are secure and clean. Industrial valves are a popular choice in the food and beverage industry for modernizing processing systems that adhere to health and safety laws. The sanitary valve was introduced by DVB in November 2021 for use in the food and beverage industry to meet particular health and safety requirements in manufacturing lines. The consumable food products that flow through these wholly sterile valves would continue to be pure. Thus, driving the growth of the industrial valve market revenue.


Industrial Valve Market Segment Insights:


Industrial Valve Type Insights


The industrial valve market segmentation, based on type, includes Ball, Butterfly, Check, Gate, Globe and Plug. The plug segment held the majority share in 2021 in respect to the industrial valve market revenue due to rising demand in chemical firms, particularly in the European and Asia-Pacific regions.


Industrial Valve Material Insights


The industrial valve market segmentation, based on material, includes Stainless Steel, Cast Iron, Alloy Based and Cryogenic. The cryogenic segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030 as a result of the chemical and oil and gas industries' rising need for valves manufactured of this material. In the chemical and oil industries, two media are separated using cryogenic valves for isolation purposes. Hence, it positively impacts market growth.


Figure 2: Industrial valve Market, by End Users, 2021 & 2030 (USD billion)
Industrial valve Market, by End Users, 2021 & 2030
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


Industrial Valve End-Users Insights


The industrial valve market segmentation, based on end-users, includes Oil & Gas, Energy & Power, Chemicals and Construction. The oil & gas segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030 because of the expanding transportation industry, rising energy needs, and expanding drilling activity in the Gulf Cooperation Council (GCC) nations. As a result of the COVID-19 pandemic, the world is currently experiencing an economic catastrophe.


Industrial valve Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. Europe industrial valve market accounted for USD 27.29 billion in 2021 and is expected to exhibit a significant CAGR growth. Over the projected period, the demand for valves is anticipated to rise throughout the region due to the growth of offshore locations and rising demand coming from Russia in the midstream oil & gas sector.


Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 3: INDUSTRIAL VALVE MARKET SHARE BY REGION 2021 (%)
INDUSTRIAL VALVE MARKET SHARE BY REGION 2021
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review


North America industrial valve market accounts for the second-largest market share. This region has a lot of potential for growth as a result of the rising output of shale gas and oil sands. The demand for all types of valves is expected to increase as aging, ineffective valves for gas transportation in midstream infrastructure are replaced with more effective valves. Further, the US industrial valve market held the largest market share, and the Canada industrial valve market was the fastest growing market in the region.


Asia Pacific America industrial valve Market is expected to grow at the fastest CAGR from 2022 to 2030. The market for industrial valves will have increased demand due to urbanization, rapid industrialization, rising population, and growing demand for industrialization. The Vibration Level Switch Market is expanding in all other regions as well. Moreover, India industrial valve market held the largest market share, and the China industrial valve market was the fastest growing market in the region.


Industrial Valve Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the industrial valve market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the industrial valve industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


One of the primary business strategies adopted by manufacturers in the industrial valve industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, industrial valve industry has provided medicine with some of the most significant benefits. The industrial valve market major player such as Emerson (US), Schlumberger Limited (US), IMI PLC (US), Flowserve Corporation (US), Weir Group (UK), Crane Co. (US), AVK Holding A/S (Denmark), Kitz Corporation (Japan), Neway Valve (Suzhou) Co. Ltd (China), Conbraco Industries Inc. (US), Samson AG (Germany), Velan Inc. (Canada), Forbes Marshall (India), Dwyer Instruments Inc. (US), Avcon Controls (India), Dwyer Instruments (US), PR Valves LLC (US) and Danfoss A/S (Nordborg).


IMI plc, formerly known as Imperial Metal Industries, is an engineering firm with its main office in Birmingham, England. IMI plc, a specialised engineering firm, develops, produces, and supports highly designed goods that regulate the exact flow of fluids. In November 2022, in keeping with the Saudi Arabian government's intentions to localise critical products, IMI Saudi Industry, a division of IMI Critical Engineering, launched a new 5,000 m2 facility in Dammam. This facility will provide cutting-edge valve solutions and boost national manufacturing capabilities.


A multinational corporation with headquarters in Denmark, Danfoss employs more than 40,043 people worldwide. Danfoss develops cutting-edge technologies that make it possible to create a better, smarter, and more productive tomorrow. Energy-efficient technologies enable intelligent communities and enterprises to produce more food with less waste and to improve the indoor environments of our homes and buildings. In August 2021, Eaton's hydraulics division was successfully acquired by Danfoss' Indian subsidiary, Danfoss Power Solutions, for USD 3.3 billion in cash. Market share, employee count, and revenue increased for the corporation in India.


Key Companies in the industrial valve market includes


Emerson (US)


Schlumberger Limited (US)


IMI PLC (US)


Flowserve Corporation (US)


Weir Group (UK)


Crane Co. (US)


AVK Holding A/S (Denmark)


Kitz Corporation (Japan)


Neway Valve (Suzhou) Co. Ltd (China)


Conbraco Industries Inc. (US)


Samson AG (Germany)


Velan Inc. (Canada)


Forbes Marshall (India)


Dwyer Instruments Inc. (US)


Avcon Controls (India)


Dwyer Instruments (US)


PR Valves LLC (US)


Danfoss A/S (Nordborg)


Industrial Valve Industry Developments


July 2022: The ARRA-compliant plug valves, which come in sizes 1/2" to 20, were introduced by Valtorc. The new device would increase the company's market share for industrial valves.


March 2022: Cryogenic valves were introduced by the Habonim Company for usage in the space and marine industries. The product would increase the company's market share for industrial valves.


January 2022: The introduction of polypropylene valves (balls) with corrosion-resistant designs that were excellent for water filtration systems and other fluid applications was emphasized in Parker Hannifin Corporation's Industrial Valves market study.


August 2021: A major valve maker, Trillium Flow Technologies India Private Limited, has announced the acquisition of a 100% share by IMC Swarnaa Ventures Pvt. Ltd., a joint venture between Hubballi-based IMC and the Swarnaa Group of Companies.


Industrial Valve Market Segmentation:


Industrial Valve Type Outlook (USD Billion, 2018-2030)




  • Ball




  • Butterfly




  • Check




  • Gate




  • Globe




  • Plug




Industrial Valve Material Outlook (USD Billion, 2018-2030)




  • Stainless Steel




  • Cast Iron




  • Alloy Based




  • Cryogenic




Industrial Valve End-Users Outlook (USD Billion, 2018-2030)




  • Oil & Gas




  • Energy & Power




  • Chemicals




  • Construction




Industrial Valve Regional Outlook (USD Billion, 2018-2030)




  • North America







    • US




    • Canada







  • Europe







    • Germany




    • France




    • UK




    • Italy




    • Spain




    • Rest of Europe







  • Asia-Pacific







    • China




    • Japan




    • India




    • Australia




    • South Korea








    • Australia




    • Rest of Asia-Pacific







  • Rest of the World







    • Middle East




    • Africa




    • Latin America






Report Scope:

Report Attribute/Metric Details
Market Size 2021 USD 59.2 billion
Market Size 2022 USD 62.81 billion
Market Size 2030 USD 95.07 billion
Compound Annual Growth Rate (CAGR) 6.10% (2022-2030)
Base Year 2021
Market Forecast Period 2022-2030
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Material, End-Users and Region
Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Emerson (US), Schlumberger Limited (US), IMI PLC (US), Flowserve Corporation (US), Weir Group (UK), Crane Co. (US), AVK Holding A/S (Denmark), Kitz Corporation (Japan), Neway Valve (Suzhou) Co. Ltd (China), Conbraco Industries Inc. (US), Samson AG (Germany), Velan Inc. (Canada), Forbes Marshall (India), Dwyer Instruments Inc. (US), Avcon Controls (India), Dwyer Instruments (US), PR Valves LLC (US) and Danfoss A/S (Nordborg)
Key Market Opportunities continuous modernization of emerging nations
Key Market Dynamics the ongoing development of process manufacturing units to boost output industrial valves are being used more frequently in emerging sectors


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Frequently Asked Questions (FAQ) :

The industrial valve market size was valued at USD 59.2 Billion in 2021.

The market is projected to grow at a CAGR of 6.10% during the forecast period, 2022-2030.

The key players in the market are Emerson (US), Schlumberger Limited (US), IMI PLC (US), Flowserve Corporation (US), Weir Group (UK), Crane Co. (US), AVK Holding A/S (Denmark), Kitz Corporation (Japan), Neway Valve (Suzhou) Co. Ltd (China), Conbraco Industries Inc. (US), Samson AG (Germany), Velan Inc. (Canada), Forbes Marshall (India), Dwyer Instruments Inc. (US), Avcon Controls (India), Dwyer Instruments (US), PR Valves LLC (US) and Danfoss A/S (Nordborg).

The cryogenic category dominated the market in 2021.