Industrial Valve Market Research Report – Global Forecast till 2027

Industrial Valve Market Research Report: Information by Type (Ball, Butterfly, Check, Gate, Globe, Plug), Material (Stainless Steel, Cast Iron, Alloy Based, Cryogenic), End-Use (Oil & Gas, Energy & Power, Chemicals, Construction) — Forecast till 2027

ID: MRFR/SEM/6067-HCR | February, 2021 | Region : Global

Market synopsis


The industrial valve market is expected to grow from USD 70.53 billion in 2017 to USD 90.77 billion by 2023, at a CAGR of 4.53%, during the forecast period.


The industrial valves market has been witnessing significant growth across the globe. The growth factors include ongoing industrialization in developing countries such as India. Furthermore, the continued advancement to increase output in the process manufacturing units drive the demand for latest technology industrial valves in developed countries.


By type, the industrial valve market has been segmented into ball valves, butterfly valves, check valves, pinch valve, gate valves, globe valves, and plug valves. The plug valves segment is expected to register the highest CAGR during the forecast period owing to the growing demand for these valves from the chemical companies in Asia-Pacific and Europe.


By material, the industrial valves market has been segmented into stainless steel, cast iron, brass, alloy-based, cryogenic, and others. The cryogenic material segment is expected to grow at the highest CAGR during the forecast period owing to the growing demand for cryogenic plug valves by the oil & gas and chemicals industries for the isolation application. 


On the basis of end-use verticals, the industrial valve market has been segmented into oil & gas, energy & power, chemicals, food and beverages, water and wastewater treatment, pulp and paper, construction, and others. The oil and gas segment is estimated to dominate the industrial valve market throughout the forecast period. The growing investments for capacity expansion in the oil & gas sector in the Middle East and Africa, and the rise in demand for maintenance operations in refineries boost the demand for industrial valves in the oil & gas sector. However, the energy & power industry is estimated to register the highest CAGR during the forecast period.


The key players profiled in the industrial valve market research report 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), and Conbraco Industries Inc.(US).


The major players constantly focus on growth strategies such as strategic partnerships, mergers, acquisitions, and product launches to enhance their product offerings and expand their market reach. For instance, in 2018, Trelleborg Sealing Solutions partnered with LB Bentley to develop a medium duty rotary gate valve. This valve is based on stem sealing technology that reduces the risk of contamination and failure.


Global Industrial Valve Market


Industrial Valve Market


Source: MRFR Analysis


Segmentation


Industrial valve market has been segmented based on type, material, size, end-use verticals, and region.


By type, the industrial valve market has been segregated into ball valves, butterfly valves, check valves, pinch valves, gate valves, globe valves, and plug valves.


On the basis of material, the industrial valve market has been segmented stainless steel, cast iron, brass, alloy based, cryogenic, and others.


By size, the industrial valve market is segmented into less than 1”, 1" to 25", 25" to 50", and 50" and above.


By end user, the industrial valve market has been segmented oil & gas, energy & power, chemicals, food & beverages, water & wastewater treatment, pulp & paper, construction, others.


By region, the industrial valve market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Regional analysis


The global market for industrial valve market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of the industrial valve market is done for North America, Europe, Asia-Pacific, and the rest of the world. 


Asia-Pacific accounted for the highest market share in the industrial valve market in 2017, and it is expected to register the highest CAGR during the forecast period. The growth in the market in this region is attributable to factors including ongoing infrastructure development, the rapid pace of industrialization, and growing investments in end-use industries such as energy & power, oil & gas, water & wastewater treatment, chemicals, and construction. Furthermore, the demand from oil-producing region—Middle-East and Africa (MEA)—is expected to remain high owing to the rise in production.


Competitive Analysis


The industrial valve market has witnessed the rising demand across the globe owing to the rise in demand from oil and gas production-related facilities. Key players have opted for partnerships and new product launches as their key organic growth strategy to further strengthen their market position. In December 2017, Schlumberger launched a new ball valve technology—GROVE IST integrated seat—that not only improves performance but also provides considerable size and weight benefits.


Key players


The prominent players in the industrial valve 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).


Intended Audience



  • Industrial valves manufacturers

  • Manufacturers of components

  • Professional services/solutions providers

  • End users from the listed industries

  • Process industry standard organizations

  • Research institutes and organizations

  • Associations of valve manufacturers

  • Safety equipment manufacturers

  • Distributers

  • Investors


 

TABLE OF CONTENTS

1 Executive Summary

1.1 Market Attractiveness Analysis

1.2 Global Industrial Valve Market, by Type

1.3 Global Industrial Valve Market, by Material

1.4 Global Industrial Valve Market, by Size

1.5 Global Industrial Valve Market, by End-Use Vertical

1.6 Global Industrial Valve Market, by Region

2 Market Introduction

2.1 Definition

2.2 Scope of the Study

2.3 Market Structure

2.4 Key Buying Criteria

2.5 Macro Factor Indicator Analysis

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

3.6 List of Assumptions

4 Market Insights

5 Market Dynamics

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

5.6 Technological Trends

5.7 Regulatory Landscape / Standards

6 Market Factor Analysis

6.1 Supply/Value Chain Analysis

6.1.1 R&D

6.1.2 Manufacturing

6.1.3 Distribution & Sales

6.1.4 Post-Sales Monitoring

6.2 Porter’s Five Forces Model

6.2.1 Threat of New Entrants

6.2.2 Bargaining Power of Suppliers

6.2.3 Bargaining Power of Buyers

6.2.4 Threat of Substitutes

6.2.5 Intensity of Rivalry

7 Global Industrial Valve Market, By Type

7.1 Overview

7.2 Ball Valve

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast, By Region/Country, 2020–2027

7.3 Butterfly Valve

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, By Region/Country, 2020–2027

7.4 Check Valve

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast, By Region/Country, 2020–2027

7.5 Pinch Valve

7.5.1 Market Estimates & Forecast, 2020–2027

7.5.2 Market Estimates & Forecast, By Region/Country, 2020–2027

7.6 Gate Valve

7.6.1 Market Estimates & Forecast, 2020–2027

7.6.2 Market Estimates & Forecast, By Region/Country, 2020–2027

7.7 Globe Valve

7.7.1 Market Estimates & Forecast, 2020–2027

7.7.2 Market Estimates & Forecast, By Region/Country, 2020–2027

7.8 Plug Valve

7.8.1 Market Estimates & Forecast, 2020–2027

7.8.2 Market Estimates & Forecast, By Region/Country, 2020–2027

8 Global Industrial Valve Market, By Material

8.1 Overview

8.2 Stainless Steel

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, By Region/Country, 2020–2027

8.3 Cast Iron

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, By Region/Country, 2020–2027

8.3 Brass

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, By Region/Country, 2020–2027

8.4 Alloy Based

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, By Region/Country, 2020–2027

8.5 Cryogenic

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, By Region/Country, 2020–2027

8.6 Others

8.6.1 Market Estimates & Forecast, 2020–2027

8.6.2 Market Estimates & Forecast, By Region/Country, 2020–2027

9 Global Industrial Valve Market, By Size

9.1 Overview

9.2 Less than 1”

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, By Region/Country, 2020–2027

9.3 1" to 25"

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, By Region/Country, 2020–2027

9.4 25" to 50"

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, By Region/Country, 2020–2027

9.5 50" and above

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, By Region/Country, 2020–2027

10 Global Industrial Valve Market, By End-Use Vertical

10.1 Overview

10.2 Oil & Gas

10.2.1 Market Estimates & Forecast, 2020–2027

10.2.2 Market Estimates & Forecast, By Region/Country, 2020–2027

10.3 Energy & Power

10.3.1 Market Estimates & Forecast, 2020–2027

10.3.2 Market Estimates & Forecast, By Region/Country, 2020–2027

10.4 Chemicals

10.4.1 Market Estimates & Forecast, 2020–2027

10.4.2 Market Estimates & Forecast, By Region/Country, 2020–2027

10.5 Food & Beverages

10.5.1 Market Estimates & Forecast, 2020–2027

10.5.2 Market Estimates & Forecast, By Region/Country, 2020–2027

10.6 Water & Wastewater Treatment

10.6.1 Market Estimates & Forecast, 2020–2027

10.6.2 Market Estimates & Forecast, By Region/Country, 2020–2027

10.7 Pulp & Paper

10.7.1 Market Estimates & Forecast, 2020–2027

10.7.2 Market Estimates & Forecast, By Region/Country, 2020–2027

10.8 Construction

10.8.1 Market Estimates & Forecast, 2020–2027

10.8.2 Market Estimates & Forecast, By Region/Country, 2020–2027

10.9 Others

10.9.1 Market Estimates & Forecast, 2020–2027

10.9.2 Market Estimates & Forecast, By Region/Country, 2020–2027

11 Global Industrial Valve Market, By Region

11.1 Introduction

11.2 North America

11.2.1 Market Estimates & Forecast, by Country, 2020–2027

11.2.2 Market Estimates & Forecast by Material, 2020–2027

11.2.3 Market Estimates & Forecast by Type, 2020–2027

11.2.4 Market Estimates & Forecast by Size, 2020–2027

11.2.5 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.2.6 US

11.2.6.1 Market Estimates & Forecast by Material, 2020–2027

11.2.6.2 Market Estimates & Forecast by Type, 2020–2027

11.2.6.3 Market Estimates & Forecast by Size, 2020–2027

11.2.6.4 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.2.7 Canada

11.2.7.1 Market Estimates & Forecast by Material, 2020–2027

11.2.7.2 Market Estimates & Forecast by Type, 2020–2027

11.2.7.3 Market Estimates & Forecast by Size, 2020–2027

11.2.7.4 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.2.8 Mexico

11.2.8.1 Market Estimates & Forecast by Material, 2020–2027

11.2.8.2 Market Estimates & Forecast by Type, 2020–2027

11.2.8.3 Market Estimates & Forecast by Size, 2020–2027

11.2.8.4 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.3 Europe

11.3.1 Market Estimates & Forecast, by Country, 2020–2027

11.3.2 Market Estimates & Forecast by Material, 2020–2027

11.3.3 Market Estimates & Forecast by Type, 2020–2027

11.3.4 Market Estimates & Forecast by Size, 2020–2027

11.3.5 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.3.6 Germany

11.3.6.1 Market Estimates & Forecast by Material, 2020–2027

11.3.6.2 Market Estimates & Forecast by Type, 2020–2027

11.3.6.3 Market Estimates & Forecast by Size, 2020–2027

11.3.6.4 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.3.7 UK

11.3.7.1 Market Estimates & Forecast by Material, 2020–2027

11.3.7.2 Market Estimates & Forecast by Type, 2020–2027

11.3.7.3 Market Estimates & Forecast by Size, 2020–2027

11.3.7.4 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.3.8 France

11.3.8.1 Market Estimates & Forecast by Material, 2020–2027

11.3.8.2 Market Estimates & Forecast by Type, 2020–2027

11.3.8.3 Market Estimates & Forecast by Size, 2020–2027

11.3.8.4 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.3.9 Rest of Europe

11.3.9.1 Market Estimates & Forecast by Material, 2020–2027

11.3.9.2 Market Estimates & Forecast by Type, 2020–2027

11.3.9.3 Market Estimates & Forecast by Size, 2020–2027

11.3.9.4 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.4 Asia Pacific

11.4.1 Market Estimates & Forecast, by Country, 2020–2027

11.4.2 Market Estimates & Forecast by Material, 2020–2027

11.4.3 Market Estimates & Forecast by Type, 2020–2027

11.4.4 Market Estimates & Forecast by Size, 2020–2027

11.4.5 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.4.6 China

11.3.6.1 Market Estimates & Forecast by Material, 2020–2027

11.3.6.2 Market Estimates & Forecast by Type, 2020–2027

11.3.6.3 Market Estimates & Forecast by Size, 2020–2027

11.3.6.4 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.4.7 Japan

11.3.7.1 Market Estimates & Forecast by Material, 2020–2027

11.3.7.2 Market Estimates & Forecast by Type, 2020–2027

11.3.7.3 Market Estimates & Forecast by Size, 2020–2027

11.3.7.4 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.4.8 India

11.3.8.1 Market Estimates & Forecast by Material, 2020–2027

11.3.8.2 Market Estimates & Forecast by Type, 2020–2027

11.3.8.3 Market Estimates & Forecast by Size, 2020–2027

11.3.8.4 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.4.9 Rest of Asia Pacific

11.3.9.1 Market Estimates & Forecast by Material, 2020–2027

11.3.9.2 Market Estimates & Forecast by Type, 2020–2027

11.3.9.3 Market Estimates & Forecast by Size, 2020–2027

11.3.9.4 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.5 Rest of the World

11.5.1 Market Estimates & Forecast, by Country, 2020–2027

11.5.2 Market Estimates & Forecast by Material, 2020–2027

11.5.3 Market Estimates & Forecast by Type, 2020–2027

11.5.4 Market Estimates & Forecast by Size, 2020–2027

11.5.5 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.5.5 Middle East & Africa

11.5.5.1 Market Estimates & Forecast by Material, 2020–2027

11.5.5.2 Market Estimates & Forecast by Type, 2020–2027

11.5.5.3 Market Estimates & Forecast by Size, 2020–2027

11.5.5.4 Market Estimates & Forecast by End-Use Vertical, 2020–2027

11.5.6 Latin America

11.5.6.1 Market Estimates & Forecast by Material, 2020–2027

11.5.6.2 Market Estimates & Forecast by Type, 2020–2027

11.5.6.3 Market Estimates & Forecast by Size, 2020–2027

11.5.6.4 Market Estimates & Forecast by End-Use Vertical, 2020–2027

12 Competitive Landscape

12.1 Introduction

12.2 Market Strategy Analysis

12.3 Competitive Benchmarking of Market Players

13 Company Profile

13.1 Emerson

13.1.1 Company Overview

13.1.2 Financials

13.1.3 Products

13.1.4 Strategy

13.1.5 Key Developments

13.2 Schlumberger Limited

13.2.1 Company Overview

13.2.2 Financials

13.2.3 Products

13.2.4 Strategy

13.2.5 Key Developments

13.3 IMI PLC

13.3.1 Company Overview

13.3.2 Financials

13.3.3 Products

13.3.4 Key Development

13.4 Flowserve Corporation

13.4.1 Company Overview

13.4.2 Financials

13.4.3 Products

13.4.4 Strategy

13.4.5 Key Developments

13.5 Weir Group

13.5.1 Company Overview

13.5.2 Financials

13.5.3 Products

13.5.4 Strategy

13.5.5 Key Developments

13.6 Crane Co.

13.6.1 Company Overview

13.6.2 Financials

13.6.3 Products

13.6.4 Strategy

13.6.5 Key Developments

13.7 AVK Holding A/S

13.7.1 Company Overview

13.7.2 Financials

13.7.3 Products

13.7.4 Strategy

13.7.5 Key Developments

13.8 Kitz Corporation

13.8.1 Company Overview

13.8.2 Financials

13.8.3 Products

13.8.4 Strategy

13.8.5 Key Developments

13.9 Neway Valve (Suzhou) Co., Ltd.

13.9.1 Company Overview

13.9.2 Financials

13.9.3 Products

13.9.4 Strategy

13.9.5 Key Developments

13.10 Conbraco Industries Inc.

13.10.1 Company Overview

13.10.2 Financials

13.10.3 Products

13.10.4 Strategy

13.10.5 Key Developments

14 Appendix

14.1 Discussion Blue Print

14.2 References

** Note: Details on Financial Overview, SWOT Analysis, Key Strategy Might Not Be Captured in Case of Unlisted Companies


LIST OF TABLES

Table 1 Global Industrial Valve Market, by Region, 2020–2027

Table 2 North America: Industrial Valve Market, by Country, 2020–2027

Table 3 Europe: Industrial Valve Market, by Country, 2020–2027

Table 4 Asia-Pacific: Industrial Valve Market, by Country, 2020–2027

Table 5 Middle East & Africa: Industrial Valve Market, by Country, 2020–2027

Table 6 Latin America: Industrial Valve Market, by Country, 2020–2027

Table 7 Global Industrial Valve Market, by Region, 2020–2027

Table 8 North America: Industrial Valve Market, by Country, 2020–2027

Table 9 Europe: Industrial Valve Market, by Country, 2020–2027

Table10 Asia-Pacific: Industrial Valve Market, by Country, 2020–2027

Table11 Middle East & Africa: Industrial Valve Market, by Country, 2020–2027

Table12 Latin America: Industrial Valve Market, by Country, 2020–2027

Table13 Global Industrial Valve Material Market, by Region, 2020–2027

Table14 North America: Industrial Valve Material Market, by Country, 2020–2027

Table15 Europe: Industrial Valve Material Market, by Country, 2020–2027

Table16 Asia-Pacific: Industrial Valve Material Market, by Country, 2020–2027

Table17 Middle East & Africa: Industrial Valve Material Market, by Country, 2020–2027

Table18 Latin America: Industrial Valve Material Market, by Country, 2020–2027

Table19 North America: Industrial Valve Market, by Country

Table20 North America: Industrial Valve Market, by Size

Table21 North America: Industrial Valve Market, by Material

Table22 Europe: Industrial Valve Market, by Country

Table23 Europe: Industrial Valve Market, by Size

Table24 Europe: Industrial Valve Market, by Material

Table25 Asia-Pacific: Industrial Valve Market, by Country

Table26 Asia-Pacific: Industrial Valve Market, by Size

Table27 Asia-Pacific: Industrial Valve Market, by Material

Table28 Middle East & Africa: Industrial Valve Market, by Country

Table29 Middle East & Africa: Industrial Valve Market, by Size

Table30 Middle East & Africa: Industrial Valve Market, by Material

Table31 Latin America: Industrial Valve Market, by Country

Table32 Latin America: Industrial Valve Market, by Size

Table33 Latin America: Industrial Valve Market, by Material


LIST OF FIGURES

FIGURE 1 Global Industrial Valve Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Industrial Valve Market

FIGURE 4 Value Chain of Global Industrial Valve Market

FIGURE 5 Share of Global Industrial Valve Market in 2020, by Country (in %)

FIGURE 6 Global Industrial Valve Market, 2020–2027

FIGURE 7 Global Industrial Valve Market Size, by Size, 2020

FIGURE 8 Share of Global Industrial Valve Market, by Size, 2020 to 2027

FIGURE 9 Global Industrial Valve Market Size, by Material, 2020

FIGURE 10 Share of Global Industrial Valve Market, by Material, 2020 to 2027