Global Industrial Valve Market Growth, Size, Trends Analysis - By Type, By Material, By Component, By End Use Industry, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
Description
Global Industrial Valve Market Introduction and Overview
According to SPER Market Research, the Global Industrial Valve Market is estimated to reach USD 125.37 billion by 2034 with a CAGR of 4.63%.
The report includes an in-depth analysis of the Global Industrial Valve Market, including market size and trends, product mix, Applications, and supplier analysis. The global industrial valves market was valued at USD 79.73 billion in 2024 and is projected to grow at a CAGR of 4.63% from 2025 to 2034. This market expansion is being fueled by several factors, including the construction of new power plants, the rising utilization of industrial equipment, and the increasing adoption of high-quality industrial valves.
By Type Insights
The industrial valve market is divided by type into several categories, including ball valves, check valves, butterfly valves, gate valves, globe valves, plug valves, diaphragm valves, and others. In 2024, check valves led the market due to their design using advanced materials, which enhance durability and performance in harsh conditions. Valves used in sectors like oil and gas, chemical processing, and water treatment face challenges from high pressure, temperature, and corrosion. To address corrosion, producers are increasingly using high-tech materials, such as duplex stainless steel, alloy 20, and Inconel, for check valves, as these materials resist pitting and wear well under tough conditions.
By Material Insights
The industrial valve market includes segments such as steel, plastic, cast iron, alloy-based, and others. The steel segment held the largest market share in 2024, known for its strength and corrosion resistance. Stainless steel gate valves can handle various fluids, including corrosive chemicals and high temperatures. Cast iron gate valves are used for non-corrosive fluids like water and steam, offering strength and affordability for high-pressure applications.
Regional Insights
The Asia Pacific region held the largest revenue share in 2024 and is anticipated to experience the most rapid growth during the forecast period. This region is undergoing swift industrialization, significant infrastructural development, and a heightened focus on energy efficiency. The presence of developing nations such as China, India, and Japan, along with their industrial activities in sectors like manufacturing, automotive, and power generation, is driving a substantial demand for advanced valves.
Market Competitive Landscape
Prominent companies in the industrial valves market include Emerson Electric Co, Velan Inc, AVK Water, BEL Valves, Cameron Schlumberger, Fisher Valves & Instruments Emerson, among others. Market vendors are concentrating on expanding their customer base to secure a competitive advantage within the industry. Consequently, key players are implementing various strategic initiatives, including mergers and acquisitions, as well as partnerships with other leading firms.
Recent Developments:
In October 2023, Burhani Engineers Ltd. unveiled a valves testing and rehabilitation hub in Nairobi, Kenya. This facility is projected to reduce the repair and maintenance expenses for existing valves across the oil and gas, power, mining, and other sectors.
In August 2024, KSB SE & Co. KGaA introduced the SISTO-CM1300, an automated multi-port valve developed by Luxembourg-based SISTO Armaturen S.A., which is part of the KSB Group, for a multinational French pharmaceutical company. This valve is utilized in the manufacturing of immunosuppressive medications.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Type, By Material, By Component, By End Use Industry, By Distribution Channel
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
Alfa Laval, AVK Holding, Baker Hughes, CIRCOR, Crane Company, Curtiss-Wright, Danfoss, Emerson Electric, Hitachi, Honeywell.
Key Topics Covered in the Report
Global Industrial Valve Market Size (FY'2021-FY'2034)
Overview of Global Industrial Valve Market
Segmentation of Global Industrial Valve Market By Type (Ball valves, check valves, Butterfly valves, Gate valves, Globe valves, Plug valves, Diaphragm valves, Others)
Segmentation of Global Industrial Valve Market By Material (Steel, Plastic, Cast iron, Alloy based, Others)
Segmentation of Global Industrial Valve Market By Component (Actuators, Valve body, Others)
Segmentation of Global Industrial Valve Market By End Use Industry (Chemical, Energy & utilities, Construction, Metal & Mining, Agriculture, Pharmaceutical, Food & beverages, Pulp & paper, Others)
Segmentation of Global Industrial Valve Market By Distribution Channel (Direct sales, Indirect sales)
Statistical Snap of Global Industrial Valve Market
Expansion Analysis of Global Industrial Valve Market
Problems and Obstacles in Global Industrial Valve Market
Competitive Landscape in the Global Industrial Valve Market
Details on Current Investment in Global Industrial Valve Market
Competitive Analysis of Global Industrial Valve Market
Prominent Players in the Global Industrial Valve Market
SWOT Analysis of Global Industrial Valve Market
Global Industrial Valve Market Future Outlook and Projections (FY'2025-FY'2034)
Recommendations from Analyst
According to SPER Market Research, the Global Industrial Valve Market is estimated to reach USD 125.37 billion by 2034 with a CAGR of 4.63%.
The report includes an in-depth analysis of the Global Industrial Valve Market, including market size and trends, product mix, Applications, and supplier analysis. The global industrial valves market was valued at USD 79.73 billion in 2024 and is projected to grow at a CAGR of 4.63% from 2025 to 2034. This market expansion is being fueled by several factors, including the construction of new power plants, the rising utilization of industrial equipment, and the increasing adoption of high-quality industrial valves.
By Type Insights
The industrial valve market is divided by type into several categories, including ball valves, check valves, butterfly valves, gate valves, globe valves, plug valves, diaphragm valves, and others. In 2024, check valves led the market due to their design using advanced materials, which enhance durability and performance in harsh conditions. Valves used in sectors like oil and gas, chemical processing, and water treatment face challenges from high pressure, temperature, and corrosion. To address corrosion, producers are increasingly using high-tech materials, such as duplex stainless steel, alloy 20, and Inconel, for check valves, as these materials resist pitting and wear well under tough conditions.
By Material Insights
The industrial valve market includes segments such as steel, plastic, cast iron, alloy-based, and others. The steel segment held the largest market share in 2024, known for its strength and corrosion resistance. Stainless steel gate valves can handle various fluids, including corrosive chemicals and high temperatures. Cast iron gate valves are used for non-corrosive fluids like water and steam, offering strength and affordability for high-pressure applications.
Regional Insights
The Asia Pacific region held the largest revenue share in 2024 and is anticipated to experience the most rapid growth during the forecast period. This region is undergoing swift industrialization, significant infrastructural development, and a heightened focus on energy efficiency. The presence of developing nations such as China, India, and Japan, along with their industrial activities in sectors like manufacturing, automotive, and power generation, is driving a substantial demand for advanced valves.
Market Competitive Landscape
Prominent companies in the industrial valves market include Emerson Electric Co, Velan Inc, AVK Water, BEL Valves, Cameron Schlumberger, Fisher Valves & Instruments Emerson, among others. Market vendors are concentrating on expanding their customer base to secure a competitive advantage within the industry. Consequently, key players are implementing various strategic initiatives, including mergers and acquisitions, as well as partnerships with other leading firms.
Recent Developments:
In October 2023, Burhani Engineers Ltd. unveiled a valves testing and rehabilitation hub in Nairobi, Kenya. This facility is projected to reduce the repair and maintenance expenses for existing valves across the oil and gas, power, mining, and other sectors.
In August 2024, KSB SE & Co. KGaA introduced the SISTO-CM1300, an automated multi-port valve developed by Luxembourg-based SISTO Armaturen S.A., which is part of the KSB Group, for a multinational French pharmaceutical company. This valve is utilized in the manufacturing of immunosuppressive medications.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Type, By Material, By Component, By End Use Industry, By Distribution Channel
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
Alfa Laval, AVK Holding, Baker Hughes, CIRCOR, Crane Company, Curtiss-Wright, Danfoss, Emerson Electric, Hitachi, Honeywell.
Key Topics Covered in the Report
Global Industrial Valve Market Size (FY'2021-FY'2034)
Overview of Global Industrial Valve Market
Segmentation of Global Industrial Valve Market By Type (Ball valves, check valves, Butterfly valves, Gate valves, Globe valves, Plug valves, Diaphragm valves, Others)
Segmentation of Global Industrial Valve Market By Material (Steel, Plastic, Cast iron, Alloy based, Others)
Segmentation of Global Industrial Valve Market By Component (Actuators, Valve body, Others)
Segmentation of Global Industrial Valve Market By End Use Industry (Chemical, Energy & utilities, Construction, Metal & Mining, Agriculture, Pharmaceutical, Food & beverages, Pulp & paper, Others)
Segmentation of Global Industrial Valve Market By Distribution Channel (Direct sales, Indirect sales)
Statistical Snap of Global Industrial Valve Market
Expansion Analysis of Global Industrial Valve Market
Problems and Obstacles in Global Industrial Valve Market
Competitive Landscape in the Global Industrial Valve Market
Details on Current Investment in Global Industrial Valve Market
Competitive Analysis of Global Industrial Valve Market
Prominent Players in the Global Industrial Valve Market
SWOT Analysis of Global Industrial Valve Market
Global Industrial Valve Market Future Outlook and Projections (FY'2025-FY'2034)
Recommendations from Analyst
Table of Contents
273 Pages
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6. Competitive Landscape
- 6.1. Global Industrial Valve Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Industrial Valve Market
- 7. Global Industrial Valve Market, By Type (USD Million) 2021-2034
- 7.1. Ball valves
- 7.2. Check valves
- 7.3. Butterfly valves
- 7.4. Gate valves
- 7.5. Globe valves
- 7.6. Plug valves
- 7.7. Diaphragm valves
- 7.8. Others
- 8. Global Industrial Valve Market, By Material (USD Million) 2021-2034
- 8.1. Steel
- 8.2. Plastic
- 8.3. Cast iron
- 8.4. Alloy based
- 8.5. Others
- 9. Global Industrial Valve Market, By Component (USD Million) 2021-2034
- 9.1. Actuators
- 9.2. Valve body
- 9.3. Others
- 10. Global Industrial Valve Market, By End Use Industry (USD Million) 2021-2034
- 10.1. Chemical
- 10.2. Energy & utilities
- 10.3. Construction
- 10.4. Metal & Mining
- 10.5. Agriculture
- 10.6. Pharmaceutical
- 10.7. Food & beverages
- 10.8. Pulp & paper
- 10.9. Others
- 11. Global Industrial Valve Market, By Distribution Channel (USD Million) 2021-2034
- 11.1. Direct sales
- 11.2. Indirect sales
- 12. Global Industrial Valve Market, (USD Million) 2021-2034
- 12.1. Global Industrial Valve Market Size and Market Share
- 13. Global Industrial Valve Market, By Region, (USD Million) 2021-2034
- 13.1. Asia-Pacific
- 13.1.1. Australia
- 13.1.2. China
- 13.1.3. India
- 13.1.4. Japan
- 13.1.5. South Korea
- 13.1.6. Rest of Asia-Pacific
- 13.2. Europe
- 13.2.1. France
- 13.2.2. Germany
- 13.2.3. Italy
- 13.2.4. Spain
- 13.2.5. United Kingdom
- 13.2.6. Rest of Europe
- 13.3. Middle East and Africa
- 13.3.1. Kingdom of Saudi Arabia
- 13.3.2. United Arab Emirates
- 13.3.3. Qatar
- 13.3.4. South Africa
- 13.3.5. Egypt
- 13.3.6. Morocco
- 13.3.7. Nigeria
- 13.3.8. Rest of Middle-East and Africa
- 13.4. North America
- 13.4.1. Canada
- 13.4.2. Mexico
- 13.4.3. United States
- 13.5. Latin America
- 13.5.1. Argentina
- 13.5.2. Brazil
- 13.5.3. Rest of Latin America
- 14. Company Profile
- 14.1. Alfa Laval
- 14.1.1. Company details
- 14.1.2. Financial outlook
- 14.1.3. Product summary
- 14.1.4. Recent developments
- 14.2. AVK Holding
- 14.2.1. Company details
- 14.2.2. Financial outlook
- 14.2.3. Product summary
- 14.2.4. Recent developments
- 14.3. Baker Hughes
- 14.3.1. Company details
- 14.3.2. Financial outlook
- 14.3.3. Product summary
- 14.3.4. Recent developments
- 14.4. CIRCOR
- 14.4.1. Company details
- 14.4.2. Financial outlook
- 14.4.3. Product summary
- 14.4.4. Recent developments
- 14.5. Crane Company
- 14.5.1. Company details
- 14.5.2. Financial outlook
- 14.5.3. Product summary
- 14.5.4. Recent developments
- 14.6. Curtiss-Wright
- 14.6.1. Company details
- 14.6.2. Financial outlook
- 14.6.3. Product summary
- 14.6.4. Recent developments
- 14.7. Danfoss
- 14.7.1. Company details
- 14.7.2. Financial outlook
- 14.7.3. Product summary
- 14.7.4. Recent developments
- 14.8. Emerson Electric
- 14.8.1. Company details
- 14.8.2. Financial outlook
- 14.8.3. Product summary
- 14.8.4. Recent developments
- 14.9. Hitachi
- 14.9.1. Company details
- 14.9.2. Financial outlook
- 14.9.3. Product summary
- 14.9.4. Recent developments
- 14.10. Honeywell
- 14.10.1. Company details
- 14.10.2. Financial outlook
- 14.10.3. Product summary
- 14.10.4. Recent developments
- 14.11. Others
- 15. Conclusion
- 16. List of Abbreviations
- 17. Reference Links
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
