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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 ... read more

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Industrial Valve Market Infographic
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Industrial Valve Market Summary

As per Market Research Future 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 poised for substantial growth driven by automation and sustainability initiatives.

  • North America remains the largest market for industrial valves, driven by robust infrastructure and industrial activities.
  • The Asia-Pacific region is the fastest-growing market, fueled by rapid industrialization and urbanization.
  • The Water and Wastewater Treatment segment dominates the market, while the Oil and Gas segment exhibits the fastest growth rate.
  • Rising demand in the Oil and Gas sector and ongoing infrastructure development projects are key drivers of market expansion.

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), Valmet Oyj (FI), Honeywell International Inc. (US), Pentair plc (GB), AVK Holding A/S (DK)

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 addresses 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 Valve 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 reshaping the Industrial Valve Market. Companies are increasingly adopting automated systems and Industrial automation valves to streamline operations, reduce labor costs, and enhance precision. This trend is likely to drive the demand for advanced valve solutions that can seamlessly integrate with automated processes.

Sustainability Initiatives

A growing focus on sustainability is influencing the Industrial Valve 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 IoT capabilities allows for enhanced monitoring and control valve. This trend suggests a shift towards predictive maintenance and improved operational efficiency, as industries leverage data analytics to optimize performance.

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 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)

The Water and Wastewater Treatment segment remains dominant in the Industrial Valve, 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: Energy (Largest) vs. Pharmaceutical (Fastest-Growing)

In the Industrial Valve Market, the distribution of market share among the end-use industries varies significantly, with the Energy sector taking the largest share. This sector's dominance is driven by its extensive application in power generation and oil and gas exploration. Manufacturing and Construction also hold notable shares, influenced by their requirement for valves in various processes, yet they trail behind the Energy sector. The Pharmaceutical industry, while smaller, is rapidly gaining ground due to rising investments in healthcare infrastructure and biotechnology.

Energy: Manufacturing (Dominant) vs. Pharmaceutical (Emerging)

The Energy sector remains the dominant player in the Industrial Valve, primarily due to the critical role valves play in oil, gas, and power plant operations. Valves in this sector are essential for controlling the flow of resources, ensuring safety, and maximizing efficiency. This dominance is supported by continuous investments in energy infrastructure and technology advancements. In contrast, the Pharmaceutical industry is emerging as a key player, with a growing demand for valves designed to meet stringent regulatory standards and facilitate high-precision processes. This sector's expansion is fueled by increasing pharmaceutical manufacturing activities and a heightened focus on health crises, driving the need for specialized valves in production lines.

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

In the Industrial Valve Market, the Ball Valve segment commands the largest share due to its versatility and robust performance in various applications. Ball Valves are favored for their ability to provide tight sealing and fast operation, making them essential in sectors such as oil, gas, and water management. Following closely, Butterfly Valves are emerging with a robust growth trajectory, primarily driven by their lightweight design and cost-effectiveness, catering to industries that require quick and efficient flow control solutions.

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

Ball Valves are widely recognized in the Industrial Valve Market for their exceptional durability and efficiency. They offer streamlined flow control, making them ideal for high-pressure applications. The simplicity of their design minimizes potential leakage, greatly enhancing their reliability. In contrast, Butterfly Valves are gaining traction as an emerging choice due to their compact size and ease of installation. They are particularly popular in large piping systems where space is a constraint. As industries move towards more sustainable solutions, Butterfly Valves’ lower energy consumption and competitive pricing are becoming increasingly attractive.

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

Within the Industrial Valve, the material segment is primarily dominated by metal, which has a significant share due to its durability and strength in various applications. Metal valves, typically made from materials like stainless steel and brass, are preferred in high-pressure and high-temperature environments, which establish their strong market presence. In contrast, plastic valves are emerging rapidly, especially in applications requiring corrosion resistance and lightweight solutions, capturing an increasing share of the market.

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

Metal valves hold a dominant position in the Industrial Valve due to their extensive application in sectors like oil and gas, water treatment, and chemicals. They offer exceptional integrity under demanding conditions and can withstand mechanical stress effectively. On the other hand, plastic valves represent an emerging trend, especially in chemical processing and water applications, owing to their resistance to corrosion and lower installation costs. Their lightweight nature and ease of installation make them attractive for newer projects, representing a shift towards more adaptable and eco-friendly solutions.

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

In the Industrial Valve, the actuation type segment exhibits a diverse distribution of preferences among users. Electric actuation holds the most significant market share, positioned as the primary choice among industries due to its precision and efficiency. In contrast, actuators, While currently smaller in share, Solenoid valves are rapidly gaining traction, driven by their reliability and responsiveness in various applications. Other actuation types, such as manual, hydraulic, and solenoid, cater to specific needs but represent a lesser share of the overall market.

 

Actuation Type: Electric (Dominant) vs. Pneumatic (Emerging)

Electric actuation stands out as the dominant force in the Industrial Valve, appealing to sectors that prioritize control accuracy and energy efficiency. The versatility of electric actuators allows for seamless integration into automation systems, making them ideal for modern industrial processes. Conversely, pneumatic actuators are emerging due to their quick response times and suitability for high-speed applications. Industries are increasingly drawn to pneumatic systems for their cost-effectiveness and lower maintenance requirements. As the market evolves, both electric and pneumatic types will continue to coexist, each catering to distinct operational demands while driving innovation.

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 approximately 37,485.45 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 largest market, with major players like Emerson Electric Co., Flowserve Corporation, and Honeywell International Inc. leading the competitive landscape. The presence of these key players, along with a robust supply chain, ensures a steady flow of innovative products. The market is characterized by strategic partnerships and mergers, aimed at enhancing product offerings and expanding market reach.

Europe : Emerging Regulatory Frameworks

Europe's industrial valve market is projected to reach approximately 22,483.09 million, driven by stringent regulations and a strong emphasis on sustainability. The European Union's commitment to reducing carbon emissions and enhancing energy efficiency is a significant catalyst for market growth. Additionally, the increasing demand for automation in various industries is propelling the adoption of advanced valve technologies, ensuring compliance with regulatory standards. Leading countries such as Germany, France, and the UK are at the forefront of this market, with key players like Schneider Electric SE and Valmet Oyj contributing to innovation. The competitive landscape is marked by a focus on R&D and the development of eco-friendly products. The presence of established manufacturers and a growing number of startups enhances the region's market dynamics, fostering a culture of innovation and collaboration.

Asia-Pacific : Rapid Growth and Urbanization

The Asia-Pacific region is witnessing rapid growth in the industrial valve market, projected to reach around 13,482.36 million. This growth is primarily driven by urbanization, industrialization, and increasing investments in infrastructure projects. Countries like China and India are leading this trend, supported by government initiatives aimed at enhancing manufacturing capabilities and energy efficiency. The demand for advanced valve technologies is also rising, driven by the need for automation and process optimization. China is the dominant player in this market, with significant contributions from local manufacturers and international companies. The competitive landscape is characterized by a mix of established firms and emerging players, fostering innovation and competitive pricing. Key players such as Kitz Corporation and Crane Co. are actively expanding their presence, ensuring a diverse range of products to meet the growing demand in various sectors.

Middle East and Africa : Untapped Market Potential

The Middle East and Africa region represents an untapped market for industrial valves, with a market size of approximately 850.0 million. The growth potential is driven by increasing investments in oil and gas, water management, and infrastructure development. Governments in the region are focusing on diversifying their economies, which is expected to boost demand for industrial valves across various sectors. Regulatory frameworks are gradually evolving to support sustainable practices, further enhancing market opportunities. Countries like the UAE and South Africa are leading the charge, with a growing number of projects aimed at improving industrial efficiency. The competitive landscape is still developing, with both local and international players vying for market share. Companies are increasingly focusing on establishing partnerships and collaborations to enhance their product offerings and expand their reach in this emerging market.

Key Players and Competitive Insights

The Industrial Valve Market is characterized by a dynamic competitive landscape, driven by increasing demand across various sectors such as oil and gas, water and wastewater, and power generation. Key players are actively engaging in strategies that emphasize innovation, regional expansion, and digital transformation. For instance, Emerson Electric Co. (US) has positioned itself as a leader in automation solutions, focusing on integrating advanced technologies into its valve offerings. Similarly, Flowserve Corporation (US) is enhancing its product portfolio through strategic acquisitions and partnerships, thereby strengthening its market presence. These strategies collectively contribute to a competitive environment that is increasingly focused on technological advancement and customer-centric solutions.

In terms of business tactics, companies are localizing manufacturing to reduce lead times and optimize supply chains, which is particularly crucial in a market that is moderately fragmented. The competitive structure is influenced by the collective actions of major players, who are leveraging their strengths to capture market share. This localization strategy not only enhances operational efficiency but also allows companies to respond swiftly to regional demands, thereby solidifying their competitive edge.

In November 2025, Schneider Electric SE (France) announced a significant investment in a new manufacturing facility in Germany, aimed at increasing production capacity for its smart valve technologies. This move is strategically important as it aligns with the growing trend towards automation and smart infrastructure, positioning Schneider to better serve the European market. The investment reflects a commitment to innovation and sustainability, which are becoming critical factors in customer decision-making processes.

In October 2025, Kitz Corporation (Japan) launched a new line of eco-friendly valves designed to minimize environmental impact while maintaining high performance. This initiative not only addresses regulatory pressures but also caters to the increasing demand for sustainable solutions in industrial applications. By prioritizing eco-friendly products, Kitz is likely to enhance its brand reputation and attract environmentally conscious customers.

In September 2025, Honeywell International Inc. (US) expanded its digital offerings by integrating AI capabilities into its valve management systems. This strategic enhancement is indicative of the broader trend towards digitalization in the Industrial Valve Market. By leveraging AI, Honeywell aims to improve predictive maintenance and operational efficiency, thereby providing added value to its customers. This move underscores the importance of technology in maintaining competitive differentiation in a rapidly evolving market.

As of December 2025, current trends in the Industrial Valve Market are heavily influenced by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are increasingly shaping the competitive landscape, allowing companies to pool resources and expertise to drive innovation. Looking ahead, it appears that competitive differentiation will evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability. This shift suggests that companies that prioritize these areas are likely to emerge as leaders in the market.

Key Companies in the Industrial Valve Market 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 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:

  • Development of smart valve technologies for predictive maintenance.
  • Expansion into emerging markets with tailored product offerings.
  • Integration of IoT solutions for enhanced operational efficiency.

By 2035, the 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% (2024 - 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), Valmet Oyj (FI), Honeywell International Inc. (US), 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 Rising demand for automation in industrial processes drives 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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