Valves Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)

The global valves market reached around USD 86.31 Billion in 2024. The market is projected to grow at a CAGR of 5.90% between 2025 and 2034 to reach nearly USD 153.12 Billion by 2034.

Global Valves Market Growth

In 2022, district heating systems met nearly 9% of the final heating demand worldwide. Increasing energy security concerns in Europe have led to a greater emphasis on the adoption of district heating systems, where heat is generated in a centralised location and distributed to industrial and residential complexes. The United Kingdom’s Climate Change Committee estimates that by 2050, nearly 18% of the overall heat demand can be met by district heating systems. In April 2023, the European Union provided EUR 401 million to the Czech Republic to facilitate the expansion of its sustainable district heating scheme. In 2023, Finland established a new geothermal energy power plant with an annual capacity of 2600 MWh to expand its district heating network. This is expected to drive the demand for innovative valves in the market.

Global agencies suggest that the global freshwater demand can outstrip total supply by nearly 40% by 2030. This makes it essential for farmers to adopt smart irrigation systems since the agriculture sector accounts for nearly 70% of the world’s water consumption. Nearly 570 million farmers own small-size landholdings, which constitute 80% of all farmlands worldwide. This is expected to fuel the market development over the forecast period.

Key Trends and Developments

Integration of TVS diodes into valves; introduction of new elastomers; soft shifting in valves; and zinc-nickel plating of valves are the major trends impacting the global valves market expansion

August 2024

BEL Valves delivered six subsea valves to SubseaDesign for the construction of a new natural gas pipeline in the German North Sea.

July 2024

Emerson Electric Co. launched the AVENTICS™ Series XV pneumatic valves, which present a cost-effective and flexible solution for numerous industrial applications, including food and packaging, automotive and tyre production, and factory automation.

October 2023

Flowserve Corporation acquired Velan Inc., a leading manufacturer of industrial valves for the nuclear, cryogenic, and defence markets, for $245 million. This is expected to diversify Flowserve’s existing portfolio of valves and enable it to increase its revenues from the aftermarket valve segment.

February 2022

Emerson Electric Co. inaugurated a 145,000-square-foot integrated manufacturing facility in India to increase the production of its industrial products that improve safety, productivity, and environmental sustainability.

Integration of TVS diodes into valves

To prevent an unanticipated surge in voltage from causing damage to valves, bidirectional TVS diodes with surge suppression technology can be integrated into piping systems to regulate fluid flow.

Introduction of new elastomers

Ethylene propylene (EPR) is chemically compatible with phosphate ester fluids, which are fire-resistant and are extensively used in steam turbine and aerospace applications.

Soft shifting in valves

To prevent hydraulic shocks, it is essential to ensure hydraulic dampening by machining the tight orifices of bidirectional valves. Soft shifting ensures better control over fluid movement in a short period, which reduces spool shift by nearly 20 ms-800 ms.

Zinc-nickel plating of valves

There is an increasing trend of plating valves with zinc-nickel coatings to improve the corrosion resistance characteristics of valves and enhance their durability and functionality.

Global Valves Market Trends

Many directional control valves are manufactured using fluorocarbon (Viton) and nitrile (buna-N), which are suited for temperature ranges of 15°F to +400°F and 40°F to +250°F. They cease to be operational in extremely cold industrial environments, which are situated along the northern slopes of Alaska or Siberia. This poses significant threats to the global production of essential minerals, including iron ore, coal, diamonds, and natural gas. However, increasing scientific innovation in elastomers has led to the creation of durable synthetic polymers, that can withstand temperatures as low as – 65° F, thereby accelerating industrial innovations.

Global Valves Industry Segmentation

The EMR’s report titled “Global Valves Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type:

• Ball
• Butterfly
• Gate
• Plug
• Control
• Others

Market Breakup by End Use:

• Oil and Gas
• Power Generation
• Chemical
• Water and Wastewater
• Mining
• Others

Market Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Valves Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2025-2034, the Asia Pacific is estimated to grow at a CAGR of 5.9% as end-use sectors such as oil and gas and power generation flourish.

Leading Companies in the Global Valves Market

Major market players are expected to manufacture smart valves that are capable of automatically detecting and adjusting changes in flow rates, pressure, and temperature. By using IIoT platforms, they can drive seamless coordination between various industrial processes, thereby leading to the market growth.

Emerson Electric Co.

Emerson Electric Co. was founded in 1890 and is headquartered in Missouri, United States. It was originally a manufacturer of fans and electric motors. It now boasts a wide product portfolio encompassing valves, regulators, actuators, industrial automation solutions, and control and safety systems, among others.

Flowserve Corporation

Flowserve Corporation was created in 1997 through the merger of Durco International and BW/IP, two leading manufacturers of fluid control systems. It is an American company which provides a comprehensive range of flow control systems and has a presence in over 50 countries worldwide.

Crane Fluid Systems

Crane Fluid Systems is a major brand of Crane Building Services & Utilities, which belongs to the Process Flow Technologies Group, a division of the Crane Co. It is a leading provider of valves and other fluid control solutions in the UK.

BEL Valves Limited

BEL Valves Limited belongs to the British Engines Group, which was formed in 1922. It is engaged in providing quality engineering services to numerous industries such as oil and gas, construction, marine, chemicals, and industrial.

Other major market players are Crane Fluid Systems, AVK Holding A/S, JC FÁBRICA DE VÁLVULAS, S.A.U, BEL Valves Limited, Velan Inc., Bray International, and IMI Kynoch Limited, among others.