Industrial Valves Market: By Product Type, By Material Type, By Valve Size, By Application, and Geography
Industrial Valves Market size was valued at US$ 79.8 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024-2030. The market is surging at notable CAGR over the next seven years owing to surge in the number of end user industries such as oil and gas, power and energy, building and construction, pharmaceuticals, and chemicals across the globe.
Moreover, market players are focus on the R&D activities for the development of technologically advanced products such as lightweight and smart valves, modernization and expansion of production capacity by end users, rapid urbanization coupled with government initiations for the smart city development, and increase in investments for the water and waste water projects are anticipated to propel the revenue of market over the forecast timeframe. However, volatility in raw material prices, decrease in oil and gas exploration, lack of standard regulations, and high cost of advanced products are hamper the growth of market.
Study Period
2024-2030Base Year
2023CAGR
4.2%Largest Market
EuropeFastest Growing Market
Asia-Pacific
Increase in the demand for industrial valves from end is user industries such as oil and gas, waste water treatment, and pharmaceutical industries is a major factor surge the revenue of market over the forecast years. In oil and gas exploration, the valves are used for wide range of applications such as steam condition, feed pump recirculation, turbine by pass, and others. In addition, industrial valves are widely used in water and waste water treatment due to rapid urbanization and surge in need for isolating the pumps and equipment for controlling the flow of drinking and waste water. In addition, digitalization in end user industries leads to adoption of smart valves also burgeon the market over the forecast timeframe.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 79.8 billion |
Market CAGR |
4.2% |
By Product Type |
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By Material Type |
|
By Valve Size |
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By Application |
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By Region |
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The global industrial valves market size was valued at US$ 79.8 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024-2030.
The industrial valves market key players are: AVK Holding A/S Emerson Electric Company Weir Group Plc. Curtiss Wright Corp. IMI Plc. Flowserve Corporation Velan Inc. General Electric Company Honeywell International Inc. Pentair Ltd. Lagerstedt & Krantz AB Alfa Laval AB Circor International Ltd. SPX Corporation Watts Water Technologies, Inc. Parker Hannifin Corporation Nibco, Inc. Crane Co.
The industrial valves market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
1.Executive Summary |
2.Global Industrial Valves Market Introduction |
2.1.Global Industrial Valves Market - Taxonomy |
2.2.Global Industrial Valves Market - Definitions |
2.2.1.Product Type |
2.2.2.Material |
2.2.3.Valve Size |
2.2.4.Application |
2.2.5.Region |
3.Global Industrial Valves Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Industrial Valves Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Industrial Valves Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Ball Valves |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Butterfly Valves |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Gate Valves |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Glove Valves |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Plug Valves |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Check Valves |
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
5.7. Diaphragm Valves |
5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.7.3. Market Opportunity Analysis |
5.8. Safety Valves |
5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.8.3. Market Opportunity Analysis |
5.9. Others |
5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.9.3. Market Opportunity Analysis |
6.Global Industrial Valves Market By Material, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Cast Iron |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Stainless Steel |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Cryogenic |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Alloy Based |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Others |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7.Global Industrial Valves Market By Valve Size, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Up to 1 |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. 45444 |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. 45809 |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. 25-50 |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. 50 and above |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.Global Industrial Valves Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Oil and Gas |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Chemicals |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Food and Beverages |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Pharmaceuticals |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Water and Waste Water Treatment |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Energy and Power |
8.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.6.3. Market Opportunity Analysis |
8.7. Building and Construction |
8.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.7.3. Market Opportunity Analysis |
8.8. Others |
8.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.8.3. Market Opportunity Analysis |
9.Global Industrial Valves Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10.North America Industrial Valves Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Ball Valves |
10.1.2.Butterfly Valves |
10.1.3.Gate Valves |
10.1.4.Glove Valves |
10.1.5.Plug Valves |
10.1.6.Check Valves |
10.1.7.Diaphragm Valves |
10.1.8.Safety Valves |
10.1.9.Others |
10.2. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Cast Iron |
10.2.2.Stainless Steel |
10.2.3.Cryogenic |
10.2.4.Alloy Based |
10.2.5.Others |
10.3. Valve Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Up to 1 |
10.3.2.45444 |
10.3.3.45809 |
10.3.4.25-50 |
10.3.5.50 and above |
10.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Oil and Gas |
10.4.2.Chemicals |
10.4.3.Food and Beverages |
10.4.4.Pharmaceuticals |
10.4.5.Water and Waste Water Treatment |
10.4.6.Energy and Power |
10.4.7.Building and Construction |
10.4.8.Others |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11.Europe Industrial Valves Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Ball Valves |
11.1.2.Butterfly Valves |
11.1.3.Gate Valves |
11.1.4.Glove Valves |
11.1.5.Plug Valves |
11.1.6.Check Valves |
11.1.7.Diaphragm Valves |
11.1.8.Safety Valves |
11.1.9.Others |
11.2. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Cast Iron |
11.2.2.Stainless Steel |
11.2.3.Cryogenic |
11.2.4.Alloy Based |
11.2.5.Others |
11.3. Valve Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Up to 1 |
11.3.2.45444 |
11.3.3.45809 |
11.3.4.25-50 |
11.3.5.50 and above |
11.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Oil and Gas |
11.4.2.Chemicals |
11.4.3.Food and Beverages |
11.4.4.Pharmaceuticals |
11.4.5.Water and Waste Water Treatment |
11.4.6.Energy and Power |
11.4.7.Building and Construction |
11.4.8.Others |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
12.Asia Pacific (APAC) Industrial Valves Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Ball Valves |
12.1.2.Butterfly Valves |
12.1.3.Gate Valves |
12.1.4.Glove Valves |
12.1.5.Plug Valves |
12.1.6.Check Valves |
12.1.7.Diaphragm Valves |
12.1.8.Safety Valves |
12.1.9.Others |
12.2. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Cast Iron |
12.2.2.Stainless Steel |
12.2.3.Cryogenic |
12.2.4.Alloy Based |
12.2.5.Others |
12.3. Valve Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Up to 1 |
12.3.2.45444 |
12.3.3.45809 |
12.3.4.25-50 |
12.3.5.50 and above |
12.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Oil and Gas |
12.4.2.Chemicals |
12.4.3.Food and Beverages |
12.4.4.Pharmaceuticals |
12.4.5.Water and Waste Water Treatment |
12.4.6.Energy and Power |
12.4.7.Building and Construction |
12.4.8.Others |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Industrial Valves Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Ball Valves |
13.1.2.Butterfly Valves |
13.1.3.Gate Valves |
13.1.4.Glove Valves |
13.1.5.Plug Valves |
13.1.6.Check Valves |
13.1.7.Diaphragm Valves |
13.1.8.Safety Valves |
13.1.9.Others |
13.2. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Cast Iron |
13.2.2.Stainless Steel |
13.2.3.Cryogenic |
13.2.4.Alloy Based |
13.2.5.Others |
13.3. Valve Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Up to 1 |
13.3.2.45444 |
13.3.3.45809 |
13.3.4.25-50 |
13.3.5.50 and above |
13.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Oil and Gas |
13.4.2.Chemicals |
13.4.3.Food and Beverages |
13.4.4.Pharmaceuticals |
13.4.5.Water and Waste Water Treatment |
13.4.6.Energy and Power |
13.4.7.Building and Construction |
13.4.8.Others |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14.Latin America Industrial Valves Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Ball Valves |
14.1.2.Butterfly Valves |
14.1.3.Gate Valves |
14.1.4.Glove Valves |
14.1.5.Plug Valves |
14.1.6.Check Valves |
14.1.7.Diaphragm Valves |
14.1.8.Safety Valves |
14.1.9.Others |
14.2. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Cast Iron |
14.2.2.Stainless Steel |
14.2.3.Cryogenic |
14.2.4.Alloy Based |
14.2.5.Others |
14.3. Valve Size Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Up to 1 |
14.3.2.45444 |
14.3.3.45809 |
14.3.4.25-50 |
14.3.5.50 and above |
14.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Oil and Gas |
14.4.2.Chemicals |
14.4.3.Food and Beverages |
14.4.4.Pharmaceuticals |
14.4.5.Water and Waste Water Treatment |
14.4.6.Energy and Power |
14.4.7.Building and Construction |
14.4.8.Others |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.AVK Holding A/S |
15.2.2.Emerson Electric Company |
15.2.3.Weir Group Plc. |
15.2.4.Curtiss Wright Corp. |
15.2.5.IMI Plc. |
15.2.6.Flowserve Corporation |
15.2.7.Pentair Ltd. |
15.2.8.Lagerstedt & Krantz AB |
15.2.9.Alfa Laval AB |
15.2.10.Circor International Ltd. |
15.2.11.SPX Corporation |
15.2.12.Watts Water Technologies, Inc. |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players