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Industrial Valve Market

ID: MRFR/Equip/6067-CR
254 Pages
Snehal Singh
March 2024

Industrial Valve Market Research Report Information by Valve (Ball Valve, Butterfly valve, Check valve, Pinch valve, Plug valve, Globe valve, Gate valve, and Others), By Material (Stainless steel, Cast iron, Alloy-based, Cryogenic, and Others), By End Use (Oil & Gas, Construction, Energy & Power, Chemicals, Food & Beverage, Water & Wastewater Treatment, Paper & Pulp, and Others), By Size (Less than 1”, 1” to 25”, 25” to 50”, and 50” and above), and by Region (North America, South America, Europe, Asia Pacific, And Middle East & Africa) Forecast 2032

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Industrial Valve Market Infographic
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Industrial Valve Market Summary

As per MRFR analysis, the Industrial Valve Market Size was estimated at 74810.9 USD Million in 2024. The Industrial Valve industry is projected to grow from 78313.56 USD Million in 2025 to 123753.68 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.68 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Industrial Valve Market is experiencing robust growth driven by automation and sustainability initiatives.

  • North America remains the largest market for industrial valves, driven by extensive infrastructure development.
  • Asia-Pacific is the fastest-growing region, reflecting increasing investments in industrial automation and efficiency.
  • The Water and Wastewater Treatment segment holds the largest share, while the Oil and Gas segment is witnessing rapid growth.
  • Key market drivers include rising demand in the Oil and Gas sector and technological advancements in valve manufacturing.

Market Size & Forecast

2024 Market Size 74810.9 (USD Million)
2035 Market Size 123753.68 (USD Million)
CAGR (2025 - 2035) 4.68%

Major Players

Emerson Electric Co. (US), Flowserve Corporation (US), Schneider Electric SE (FR), Kitz Corporation (JP), Crane Co. (US), Honeywell International Inc. (US), Valmet Oyj (FI), Pentair plc (GB), AVK Holding A/S (DK)

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Industrial Valve Market Trends

The Industrial Valve Market is currently experiencing a dynamic evolution, driven by various factors that influence its growth trajectory. The increasing demand for automation across industries appears to be a primary catalyst, as organizations seek to enhance operational efficiency and reduce human error. Furthermore, the ongoing emphasis on sustainability and energy efficiency is prompting manufacturers to innovate and develop advanced valve technologies that align with environmental standards. This shift not only meets regulatory requirements but also meets the expectations of environmentally conscious consumers.

In addition, the Industrial Valve Market is witnessing a notable trend towards digitalization. The integration of smart technologies into valve systems is enabling real-time monitoring and predictive maintenance, which could potentially minimize downtime and optimize performance. As industries continue to embrace the Internet of Things (IoT), the demand for intelligent valve solutions is likely to rise, further transforming the landscape of this market. Overall, the Industrial Valves Market is poised for substantial growth, driven by technological advancements and a commitment to sustainability.

Automation and Efficiency

The push for automation in various sectors is significantly influencing the Industrial Valve Market. Companies are increasingly adopting automated systems to streamline operations, reduce labor costs, and enhance precision. This trend is likely to continue as industries recognize the benefits of integrating advanced technologies into their processes.

Sustainability Initiatives

A growing focus on sustainability is influencing the Industrial Valves Market. Manufacturers are developing eco-friendly valve technologies that comply with environmental regulations. This trend reflects a broader commitment to reducing carbon footprints and promoting energy efficiency across industries.

Digital Transformation

The rise of digital technologies is transforming the Industrial Valve Market. The incorporation of smart valves equipped with sensors and connectivity features allows for improved monitoring and control. This trend may lead to enhanced operational efficiency and reduced maintenance costs, as industries increasingly rely on data-driven insights.

Industrial Valve Market Drivers

Market Growth Projections

The Industrial Valve Industry is poised for substantial growth, with projections indicating a market size of 74.8 USD Billion in 2024 and an anticipated increase to 124.3 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 4.73% from 2025 to 2035. Such figures underscore the increasing reliance on industrial valves across various sectors, driven by technological advancements, regulatory compliance, and infrastructure development. The market's expansion reflects the critical role that valves play in ensuring operational efficiency and safety valve in diverse applications.

Growing Demand from End-User Industries

The Industrial Valve Industry experiences robust growth driven by increasing demand from various end-user sectors such as oil and gas, water and wastewater management, and power generation. These industries require reliable and efficient valve solutions to ensure the smooth operation of their processes. For instance, the oil and gas sector is projected to account for a substantial share of the market, as it relies heavily on valves for exploration, production, and transportation. This trend is expected to contribute to the market's valuation of 74.8 USD Billion in 2024, reflecting the critical role of industrial valves in supporting essential infrastructure.

Sustainability and Environmental Concerns

Sustainability initiatives are increasingly shaping the Global Industrial Valve Industry as companies strive to reduce their carbon footprint and enhance energy efficiency. The shift towards renewable energy sources, such as wind and solar, necessitates the use of specialized valves designed for these applications. Furthermore, industries are adopting eco-friendly materials and manufacturing processes to meet environmental standards. This trend is evident in the water treatment sector, where valves are essential for efficient resource management. As sustainability becomes a priority, the demand for environmentally conscious valve solutions is likely to drive market growth in the coming years.

Regulatory Compliance and Safety Standards

The Industrial Valve Industry is significantly influenced by stringent regulatory frameworks and safety standards imposed by governments worldwide. Industries are compelled to adopt high-quality valves that comply with these regulations to ensure safety and environmental protection. For instance, the implementation of the ISO 9001 quality management system has led to increased demand for certified valves across various sectors. This compliance not only enhances operational safety but also fosters consumer confidence. As industries prioritize adherence to regulations, the market is expected to expand, aligning with the anticipated growth trajectory towards 124.3 USD Billion by 2035.

Technological Advancements in Valve Design

Technological innovations play a pivotal role in shaping the Industrial Valve Market. The introduction of smart valves equipped with IoT capabilities enhances operational efficiency and predictive maintenance. These advancements allow for real-time monitoring and control valve, reducing downtime and operational costs. For example, the integration of automation in valve systems is becoming increasingly prevalent, particularly in manufacturing and chemical processing sectors. As industries seek to optimize their processes, the demand for technologically advanced valves is likely to rise, contributing to a projected market growth rate of 4.73% CAGR from 2025 to 2035.

Emerging Markets and Infrastructure Development

Emerging markets, particularly in Asia-Pacific and Latin America, are witnessing significant infrastructure development, which is a key driver for the Industrial Valve Market. Governments are investing heavily in upgrading water supply systems, energy infrastructure, and transportation networks, creating a surge in demand for industrial valves. For example, countries like India and Brazil are focusing on enhancing their industrial capabilities, leading to increased valve consumption. This trend is expected to propel the market forward, as the need for reliable valve solutions becomes paramount in supporting these large-scale projects.

Market Segment Insights

By Application: Water and Wastewater Treatment (Largest) vs. Oil and Gas (Fastest-Growing)

In the global Industrial Valve Market, the application segment showcases diverse distribution with Water and Wastewater Treatment equipment holding the largest market share. This sector exhibits robust demand due to increasing global water scarcity, which drives investment in infrastructure for effective water management. Following this, the Oil and Gas sector has emerged as the fastest-growing segment, attributed to the rising exploration and production activities in developing regions, ensuring a steady expansion of industrial valve applications in this field.

Water and Wastewater Treatment (Dominant) vs. Oil and Gas (Emerging)

Industrial Valves Market research reveals that the Water and Wastewater Treatment segment remains dominant in the Application segment, characterized by high demand for reliable and efficient valve solutions that ensure safe and effective waste management. This segment prioritizes innovations for sustainability, compliance with regulatory standards, and advanced technologies for improved efficiency. In contrast, the Oil and Gas segment, while considered emerging, is experiencing rapid growth due to new extraction technologies and increased production activities. This sector requires robust valves capable of withstanding extreme conditions, driving development in specialized products designed for efficiency and safety.

By End Use Industry: Manufacturing (Largest) vs. Energy (Fastest-Growing)

The Industrial Valve Market is significantly influenced by various end use industries, with manufacturing holding the largest share. This segment benefits from continuous industrial activities across automotive, consumer goods, and electronics, leading to a steady demand for durable and high-performance valves. The energy sector is emerging as a rapid growth driver due to the transition towards renewable energy sources which necessitates advanced valve systems for efficient operations. As global energy demands evolve, both sectors are integral in shaping the market's dynamics.

Pharmaceutical (Dominant) vs. Mining (Emerging)

In the Industrial Valve Market, the pharmaceutical sector stands out as a dominant force, driven by strict regulations and the need for precision in processes. Valves used in this industry must ensure hygiene and reliability, leading to a preference for advanced materials and technologies. Conversely, the mining industry is emerging, as demand for efficient process control continues to rise. Valves used in mining must withstand harsh environments, presenting opportunities for innovation. Together, these segments reflect divergent characteristics, with pharmaceuticals focusing on compliance and quality, while mining emphasizes durability and operational efficiency.

By Valve Type: Ball Valve (Largest) vs. Butterfly Valve (Fastest-Growing)

The Industrial Valve Market showcases a diverse range of valve types that play pivotal roles across various industries. Among these, Ball Valves account for the largest share due to their reliability and efficiency in fluid regulation. Other types like Gate Valves and Globe Valves follow, representing significant portions of the market as well, yet they do not surpass the popularity of Ball Valves. Check and Butterfly Valves, while crucial, capture smaller portions yet are essential for specific applications such as flow control and throttling. Growth trends in the Industrial Valve Market are primarily driven by increasing industrial automation and demand for efficient fluid management systems. The push towards sustainable industrial practices is propelling the adoption of innovative valve technologies. Butterfly Valves, for example, are witnessing rapid growth as industries look for lightweight, space-saving solutions to manage flow. As regulations for energy efficiency tighten, the demand for quality valves is expected to rise, influencing market dynamics across the segment.

Ball Valve (Dominant) vs. Butterfly Valve (Emerging)

Ball Valves have established themselves as the dominant player in the Industrial Valve Market due to their superior sealing capabilities and versatility in various applications. They are highly favored for their quick operation and low pressure drop, making them ideal for on/off control. In contrast, Butterfly Valves are seeing a surge in popularity as an emerging choice, particularly in industries that require lightweight and compact valve solutions. They provide excellent flow regulation and are well-suited for large volume applications. The increasing preference for automation and the need for space-saving design are driving the growth of Butterfly Valves. While Ball Valves remain the established choice, the innovative features and cost-effectiveness of Butterfly Valves position them as a formidable contender in the market.

By Material: Metal (Largest) vs. Plastic (Fastest-Growing)

The material segment of the Industrial Valve Market showcases a diverse landscape, with metal valves holding the largest market share. Traditionally, metal valves, known for their durability and reliability, dominate applications requiring high strength and temperature resistance. Plastic valves, while a smaller segment, are gaining traction due to their lightweight nature and cost-effectiveness, notably in less demanding applications. This shift indicates a diversification in material preferences among end-users, driven by factors like operational environment and project budget.

Material: Metal (Dominant) vs. Plastic (Emerging)

Metal valves are characterized by their robustness and are often the preferred choice in heavy industrial applications. Their ability to withstand extreme pressures and temperatures makes them suitable for sectors such as oil and gas, chemicals, and power generation. Conversely, plastic valves, though emerging, offer advantages such as corrosion resistance and reduced weight, making them an attractive option for industries where chemical compatibility and ease of installation are paramount. The growing demand for lighter, more economical solutions is propelling plastic valves into an increasingly prominent role within the Industrial Valve Market.

By Actuation Type: Electric (Largest) vs. Pneumatic (Fastest-Growing)

The Industrial Valve Market exhibits a diverse array of actuation types, with electric valves holding the largest share. This dominance is driven by their energy efficiency and ease of integration with automation systems. Pneumatic valves, while currently smaller in market share, are rapidly gaining traction due to their quick response times and adaptability in various industrial applications, making them increasingly relevant in modern operations.

Electric (Dominant) vs. Pneumatic (Emerging)

Electric actuation in industrial valves is characterized by precision control, low maintenance requirements, and an environmentally friendly operational profile. These benefits make electric valves the dominant choice for industries focused on automation and energy conservation. On the other hand, pneumatic valves represent an emerging segment, notable for their rapid operation and lower upfront costs. They are especially favored in applications that require quick and frequent cycling. The increasing focus on efficiency and performance in industrial processes is likely to propel the growth of pneumatic valves, creating a dynamic competitive landscape between these two actuation types.

Get more detailed insights about Industrial Valve Market

Regional Insights

North America : Market Leader in Innovation

North America continues to lead the industrial valve market, holding a significant share of 37,486.0 million. The growth is driven by increasing investments in infrastructure, energy, and manufacturing sectors. Regulatory support for modernization and sustainability initiatives further fuels demand. The region's focus on advanced technologies, such as IoT and automation, enhances operational efficiency, making it a key player in the global market. The United States stands out as the primary market, with major companies like Emerson Electric Co. and Flowserve Corporation leading the charge. The competitive landscape is characterized by innovation and strategic partnerships among key players. The presence of established firms ensures a robust supply chain, catering to diverse industries, including oil and gas, water treatment, and power generation.

Europe : Emerging Regulatory Frameworks

Europe's industrial valve market is projected to reach 22,486.0 million, driven by stringent regulations aimed at enhancing energy efficiency and reducing emissions. The European Union's Green Deal and various national policies are pivotal in shaping market dynamics. These regulations not only promote sustainable practices but also encourage technological advancements in valve manufacturing, thus boosting market growth. Leading countries like Germany, France, and the UK are at the forefront of this transformation, with key players such as Schneider Electric SE and Kitz Corporation actively participating. The competitive landscape is marked by innovation and collaboration among manufacturers to meet regulatory standards. This focus on sustainability positions Europe as a significant player in The Industrial Valve.

Asia-Pacific : Rapid Growth in Emerging Markets

The Asia-Pacific region is witnessing rapid growth in the industrial valve market, projected to reach 12,000.0 million. This growth is fueled by increasing industrialization, urbanization, and infrastructure development across countries like China and India. The demand for efficient and reliable valve solutions is rising, driven by the need for improved water management and energy efficiency in various sectors. China is the leading country in this region, with significant contributions from local manufacturers and global players like Honeywell International Inc. and Valmet Oyj. The competitive landscape is evolving, with a focus on innovation and cost-effective solutions. As industries expand, the presence of key players ensures a steady supply of advanced valve technologies to meet growing demands.

Middle East and Africa : Emerging Market Potential

The Middle East and Africa region is gradually emerging in the industrial valve market, with a market size of 1,838.9 million. The growth is primarily driven by increasing investments in oil and gas, water management, and infrastructure projects. Governments are focusing on diversifying their economies, which is leading to a rise in industrial activities and subsequently, the demand for industrial valves. Countries like the UAE and South Africa are leading the charge, with a growing presence of key players such as Pentair plc and AVK Holding A/S. The competitive landscape is characterized by a mix of local and international companies striving to capture market share. As the region continues to develop, opportunities for growth in the industrial valve sector are becoming increasingly apparent.

Industrial Valve Market Regional Image

Key Players and Competitive Insights

The Industrial Valve Market is currently characterized by a dynamic competitive landscape, driven by increasing demand for automation and efficiency across various sectors, including oil and gas, water treatment, and power generation. Key players such as Emerson Electric Co. (US), Flowserve Corporation (US), and Schneider Electric SE (FR) are strategically positioning themselves through innovation and technological advancements. Emerson Electric Co. (US) focuses on integrating digital solutions into its product offerings, enhancing operational efficiency for clients. Meanwhile, Flowserve Corporation (US) emphasizes sustainability in its operations, aligning with global environmental standards, which appears to resonate well with market demands. Schneider Electric SE (FR) is leveraging its expertise in energy management to develop smart valve solutions, thus contributing to a more interconnected and efficient industrial ecosystem.The market structure is moderately fragmented, with numerous players competing for market share. Key business tactics include localizing manufacturing to reduce costs and optimize supply chains, which is increasingly vital in a globalized economy. The collective influence of these major players shapes the competitive environment, as they strive to differentiate themselves through technological innovation and customer-centric solutions.
In November Emerson Electric Co. (US) announced the launch of its new line of smart valves, which utilize advanced IoT technology to provide real-time data analytics. This strategic move is significant as it not only enhances the functionality of their products but also positions the company as a leader in the digital transformation of the industrial sector. The integration of IoT capabilities is likely to attract clients seeking to improve operational efficiency and reduce downtime.
In October Flowserve Corporation (US) entered into a partnership with a leading renewable energy firm to develop specialized valves for wind turbine applications. This collaboration underscores Flowserve's commitment to sustainability and innovation, potentially opening new revenue streams in the growing renewable energy market. Such strategic alliances may enhance their competitive edge by diversifying their product portfolio and addressing emerging market needs.
In September Schneider Electric SE (FR) expanded its operations in Asia by establishing a new manufacturing facility in Vietnam. This expansion is indicative of Schneider's strategy to localize production and cater to the rapidly growing demand in the Asia-Pacific region. By enhancing its manufacturing capabilities, Schneider Electric is likely to improve its supply chain efficiency and responsiveness to market changes.
As of December the Industrial Valve Market is witnessing trends such as digitalization, sustainability, and AI integration, which are reshaping competitive dynamics. Strategic alliances are becoming increasingly prevalent, as companies recognize the value of collaboration in driving innovation. The competitive landscape is shifting from price-based competition to a focus on technological advancements and supply chain reliability. This evolution suggests that companies that prioritize innovation and sustainability will likely emerge as leaders in the market.

Key Companies in the Industrial Valve Market include

Industry Developments

April 2024: Sloan Valve Company, a plumbing solutions giant based in the US, has announced that they will launch their first experience center in Gurugram, Haryana, India. The company, situated in Illinois, has begun to market its goods in India through its subsidiary, Sloan India. Sloan is an international leader in complete plumbing systems design and installation, having been in operation since as far back as 1906. It provides green and hygienic restroom enclosure systems across commercial, residential, industrial, and institutional markets. 

June 2023: The Valtek® ValdiskTM high-performance butterfly valve from Flowserve Corporation, a top supplier of flow control goods and services to the world's infrastructure sectors, has received licensor approval to be used in pressure swing adsorption (PSA) applications.

March 2023: SLB and Newmans Valve are collaborating in North and South America to improve consumer access to NEWCO globe, gate, and check valves. With an emphasis on providing these valves for projects and maintenance, repair, and operations (MRO) in a reasonable manner, Newmans will oversee the marketing, quoting, customer support, and order fulfilment for NEWCO valves. Western Hemisphere clients will profit from Newmans Valve's dedicated stocking inventory and laser-like attention to the NEWCO valve market.

Future Outlook

Industrial Valve Market Future Outlook

The Industrial Valve Market size is projected to grow at a 4.68% CAGR from 2024 to 2035, driven by increasing automation, energy efficiency demands, and infrastructure investments.

New opportunities lie in:

  • Expansion into smart valve technologies for enhanced automation. Development of eco-friendly valve materials to meet sustainability demands. Strategic partnerships with renewable energy sectors for tailored valve solutions.

By 2035, the Industrial Valve Market is expected to achieve robust growth, reflecting evolving industry needs.

Market Segmentation

Industrial Valve Market Material Outlook

  • Metal
  • Plastic
  • Composite
  • Ceramic
  • Rubber

Industrial Valve Market Valve Type Outlook

  • Ball Valve
  • Gate Valve
  • Globe Valve
  • Check Valve
  • Butterfly Valve

Industrial Valve Market Application Outlook

  • Water and Wastewater Treatment
  • Oil and Gas
  • Power Generation
  • Chemical Processing
  • Food and Beverage

Industrial Valve Market Actuation Type Outlook

  • Manual
  • Electric
  • Pneumatic
  • Hydraulic
  • Solenoid

Industrial Valve Market End Use Industry Outlook

  • Manufacturing
  • Construction
  • Energy
  • Pharmaceutical
  • Mining

Report Scope

MARKET SIZE 2024 74810.9(USD Million)
MARKET SIZE 2025 78313.56(USD Million)
MARKET SIZE 2035 123753.68(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 4.68% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Emerson Electric Co. (US), Flowserve Corporation (US), Schneider Electric SE (FR), Kitz Corporation (JP), Crane Co. (US), Honeywell International Inc. (US), Valmet Oyj (FI), Pentair plc (GB), AVK Holding A/S (DK)
Segments Covered Application, End Use Industry, Valve Type, Material, Actuation Type
Key Market Opportunities Integration of smart technologies enhances efficiency and monitoring in the Industrial Valve Market.
Key Market Dynamics Technological advancements and regulatory changes drive innovation and competition in the Industrial Valve Market.
Countries Covered North America, Europe, APAC, South America, MEA

Market Highlights

Author
Snehal Singh
Assistant Manager - Research

High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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FAQs

How much is the Industrial Valve Market in 2023?

Industrial Valve Market Size US$ 71,834.5 Million in 2023.

What is the growth rate (CAGR) of the Industrial Valve Market?

Growth rate (CAGR) of the Industrial Valve Market 4.68% by 2032.

Which region held the largest market share in the Industrial Valve Market?

Asia Pacific held the largest market share in the Industrial Valve Market.

Who are the key players in the Industrial Valve Market?

key players in the Industrial Valve Market are: Emerson Electric Co, SLB, IMI PLC, Flowserve Corporation, Trillium Flow Technologies, and Others.

Which Valve had the largest market share in the Industrial Valve Market 2022?

Gate Valve Valve had the largest market share in the Industrial Valve Market 2022.

Which Material Type had the largest market share in the Industrial Valve Market?

Stainless Steel Material Type had the largest market share in the Industrial Valve Market.

Which End Use had the largest market share in the Industrial Valve Market?

Oil & Gas End Use had the largest market share in the Industrial Valve Market.

Which Size had the largest market share in the Industrial Valve Market?

1” to 25” Size had the largest market share in the Industrial Valve Market.

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