Industrial Valves Market Overview
The Industrial Valves Market is estimated to reach US$116.3 billion by 2030, growing at a CAGR of 5.6% during the forecast period 2024-2030. Industrial valves are mechanical devices that control the flow and pressure of a fluid within a system or process. It is available in different types such as polypropylene-based valves, cryogenic valves and plug valves. Electrochemical protection is used in valves to prevent corrosion. The widespread adaptation of industrial valves is ideal for upgrading production lines with customized features to increase productivity. The chemical industry is widely adopting industrial valves for upgrading pipeline infrastructures. In September 2022, MOOG Inc. launched the X700 Series Servo Cartridge valves that can be used in the industrial electrohydraulic flow control system.
The Industrial Valves Market is experiencing steady growth globally, driven by factors such as rapid industrialization, increasing demand from various sectors, and technological advancements. Valves play a crucial role in regulating the flow of fluids and gases in industrial processes, making them indispensable components across diverse industries like oil and gas, water and wastewater treatment, power generation, chemical, and pharmaceutical. Moreover, adoption of smart valves equipped with sensors and actuators for enhanced monitoring and control, the rising focus on energy efficiency and sustainability, and the emergence of digitalization and IoT-enabled valve solutions for remote monitoring and predictive maintenance are key trends and developments in the Industrial Valves Market. Additionally, there is a growing emphasis on valve customization to meet specific industrial requirements and stringent regulatory standards concerning safety and environmental protection.
Report Coverage
The “Industrial Valves Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Industrial Valves Market.
By Valve Type: Air Release Valve, Ball Valve, Bleeder Valve, Butterfly Valve, Check Valve, Control Valve, Diaphragm Valve, Gate Valve, Globe Valve, High-Pressure Valve, Mixing Valve, Plug Valve, Pinch Valve, Safety Relief Valve and Others.
By Mechanical Motion: Linear Motion Valve, Multi-turn Valve and Axial Valve.
By Material: Steel valves, Alloy based valves (Cast Iron, Cast Steel, Cast Carbon, Stainless Steel), Cryogenic valves, Polypropylene based valves and Others.
By End-users: Oil and Gas, Power and Utilities, HVAC and Refrigeration systems, Food and Beverages, Agriculture, Pharmaceuticals, Chemical, Water and Wastewater Treatment, Paper & Pulp, Defence and Aerospace and Others.
By Geography: North America (the US, Canada and Mexico), Europe (Germany, the UK, France, Italy, Spain and Others), APAC (China, Japan, South Korea, India, Australia and Others), South America (Brazil, Argentina and Others) and RoW (the Middle East and Africa).
Key Takeaways
• The check valve segment by valve type in the Industrial Valves Market is expected to grow the fastest at a CAGR of 8.5% during the forecast period 2024-2030. The check valve is widely adopted in industries to ensure the safe and continuous functioning of pipelines & HVAC systems in production lines.
• The oil and gas segment by end-users in the Industrial Valves Market is expected to grow the fastest at a CAGR of 8.7% during the forecast period 2024-2030.
• Asia-Pacific is expected to hold the largest market share of 35% in the market, in terms of revenue, by 2030.
• The widespread adaptation of Industrial Valves in the pharmaceuticals industry for enhancing the hygiene and safety of production lines is driving the market growth.
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Industrial Valves Market Segment Analysis - by Valve Type
The Industrial Valves Market by valve type has been segmented into air release valve, ball valve, bleeder valve, butterfly valve, check valve, control valve, diaphragm valve, gate valve, globe valve, high-pressure valve, mixing valve, plug valve, pinch valve, safety relief valve and others. The check valve segment is expected to grow the fastest at a CAGR of 8.5% from 2024-2030. The check valve is widely adopted in industries to ensure the safe and continuous functioning of pipelines & HVAC systems in production lines. It prevents critical damage to system equipment by stopping process backflow. In August 2022, Webstone, a brand of NIBCO, unveils new spring check products designed to enhance fluid control in industrial applications. The introduction of these innovative valves underscores the industry's ongoing commitment to improving efficiency and reliability in fluid management systems. By offering advanced solutions, Webstone aims to address evolving market demands and reinforce its position as a leading provider of industrial valves.
Industrial Valves Market Segment Analysis - by End-users
The Industrial Valves Market by end-users has been segmented into oil and gas, power and utilities, HVAC and refrigeration systems, food and beverages, agriculture, pharmaceuticals, chemical, water and wastewater treatment, paper & pulp and others. The oil and gas segment is expected to grow the fastest at a CAGR of 8.7% during the forecast period 2024-2030. The large-scale adoption of Industrial valves in the oil and gas sector plays a key role in pipeline infrastructures and establishing reliable control systems to prevent line failure. The oil and gas industries mostly use plug valves. In August 2022, Siemens launched the 6-way ball valve which is designed for use in industrial processes in the oil and gas industry.
Industrial Valves Market Segment Analysis - by Geography
The Industrial Valves Market by geography is segmented into North America, Europe, APAC, South America and RoW. Asia-Pacific is expected to hold the largest market share of 35%, in terms of revenue, by 2030. This growth trajectory signifies APAC's pivotal role in the global industrial valve landscape, driven by factors like rapid industrialization, infrastructural development, and burgeoning demand across various sectors. According to International Monitory Fund, region has grew by 4.6 percent in 2023, up from 3.9 percent in 2022. As APAC emerges as a key market player, stakeholders are poised to capitalize on lucrative opportunities by aligning strategies with regional dynamics and leveraging innovative solutions to cater to evolving market demands.
Industrial Valves Market Drivers
The high adoption of Industrial valves in the pharmaceuticals industry for enhancing the hygiene and safety of production lines:
Industrial Valves are widely used in the pharmaceutical industry to prevent contamination and ensure that hygienic manufacturing procedures are maintained. These sterile industrial valves are designed to enable the safe transport of sensitive goods. In June 2022, AKO Armaturen, to enhance its Industrial Valves market share, introduced the EHEDG-certified pinch valves that are designed to meet the hygienic design demands of the pharmaceutical industry. The new product ensures a 100% tight shut-off function of the valve sleeve, preventing any sort of contamination. They can be used for a range of production processes for transporting products including powders, tablets and liquids.
The increasing adoption of Industrial Valves in the food and beverage industry to maintain the specific health and safety standards of the production line:
The food and beverage industry processes a wide range of products including milk, dairy products and bread. They need to ensure safe and uncontaminated manufacturing processes. The food and beverage industry is widely opting for industrial valves to modernize the processing systems that meet health and safety regulations. In July 2022, Valworx introduced a new series of stainless-steel butterfly valves tailored for industries like pharmaceuticals, food & beverage, and related sectors. This strategic move aligns with the growing demand for butterfly valves in critical applications such as pharmaceutical manufacturing, food processing, and wastewater treatment. Consequently, the expansion of butterfly valve offerings contributes significantly to the industrial valves market's upward trajectory, particularly in key sectors.
Industrial Valves Market Challenges
The low leakage-stopping features of industrial valves in the pipelines:
In the Industrial Valves Market, addressing the issue of low leakage-stopping features in industrial valves poses a significant challenge. Leakage in pipelines can lead to operational inefficiencies, safety hazards, and environmental concerns. The inability of valves to effectively stop leaks can result in product loss, increased maintenance costs, and regulatory compliance issues for industries reliant on fluid transportation systems. As a result, there is a growing demand for innovative valve designs and technologies that offer superior sealing capabilities and leak prevention mechanisms. Addressing this challenge is crucial for ensuring the reliability, safety, and sustainability of industrial processes, driving the market's focus towards developing advanced solutions to mitigate leakage risks.
Industrial Valves Industry Outlook
Product launches, collaborations and R&D activities are key strategies adopted by players in the Industrial Valves Market. The top 10 companies in the Industrial Valves market are:
- Siemens AG
- Southern Valve & Control, LLC
- Sulzer Ltd
- Mecánica Prisma S.L.
- Gefa Processtechnik GmbH
- RF Valves, Inc.
- Emerson Electric Co.
- GEMÜ Group
- General Electric Company
- lowserve Corporation
Recent Developments
• In July 2022, Valtorc introduced the ARRA-compliant plug valves available in sizes 1/2"-20". The new product would help enhance the company’s Industrial Valves market share.
• In March 2022, Habonim Company launched a range of cryogenic valves for use in marine and space industries. The product would enhance the company’s Industrial Valves market share.
• In January 2022, Parker Hannifin Corporation’s Industrial Valves market report highlighted the launch of the polypropylene valves (ball) corrosion-resistant design that was ideal for water filtration units and other fluid applications.
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1. Industrial Valves Market Overview
1.1 Definitions and Scope
2. Industrial Valves Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key trends By Product Type
2.3 Key trends segmented by Geography
3. Industrial Valves Market – Market Landscape
3.1 Comparative Analysis
3.1.1 Product/Company Benchmarking - Top 5 Companies
3.1.2 Top 5 Financial Analysis
3.1.3 Market Value Split by Top 5 Companies
3.1.4 Patent Analysis
3.1.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Industrial Valves Market – Market Entry Scenario Premium Premium
4.1 Regulatory Scenario
4.2 Ease of Doing Business Index
4.3 Case Studies
4.4 Customer Analysis
5. Industrial Valves Market – Startup Company Scenario Premium
5.1 Venture Capital and Funding Scenario
5.2 Startup Company Analysis
6. Industrial Valves Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porter's five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Industrial Valves Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Product Life Cycle/Market Life Cycle Analysis
7.4 Suppliers and Distributors
8. Industrial Valves Market – by Valve Type (Market Size - $Million/Billion)
8.1 Air Release Valve
8.2 Ball Valve
8.3 Bleeder Valve
8.4 Butterfly Valve
8.5 Check Valve
8.6 Control Valve
8.7 Diaphragm Valve
8.8 Gate Valve
8.9 Globe Valve
8.10 High-pressure Valve
8.11 Mixing Valve
8.12 Plug Valve
8.13 Pinch Valve
8.14 Safety Relief Valve
8.15 Others
9. Industrial Valves Market – by Mechanical Motion (Market Size - $Million/Billion)
9.1 Linear Motion Valve
9.2 Multi-turn Valve
9.3 Axial Valve
10. Industrial Valves Market – by Material (Market Size - $Million/Billion)
10.1 Steel valves
10.2 Alloy-based valves
a. Cast Iron
b. Cast Steel
c. Cast Carbon
d. Stainless Steel
10.3 Cryogenic valves
10.4 Polypropylene-based valves
10.5 Others
11. Industrial Valves Market - by End-users (Market Size - $Million/Billion)
11.1 Oil and Gas
11.2 Power and Utilities
11.3 HVAC and Refrigeration systems
11.4 Food and Beverages
11.5 Agriculture
11.6 Pharmaceuticals
11.7 Chemical
11.8 Water and Wastewater Treatment
11.9 Paper & Pulp
11.10 Defence and Aerospace
11.11 Others
12. Industrial Valves Market - by Geography (Market Size - $Million/Billion)
12.1 North America
12.1.1 The US
12.1.2 Canada
12.1.3 Mexico
12.2 South America
12.2.1 Brazil
12.2.2 Argentina
12.2.3 Chile
12.2.4 Colombia
12.2.5 The Rest of South America
12.3 Europe
12.3.1 Germany
12.3.2 France
12.3.3 UK
12.3.4 Italy
12.3.5 Spain
12.3.6 Russia
12.3.7 Netherlands
12.3.8 Rest of Europe
12.4 APAC
12.4.1 China
12.4.2 Japan
12.4.3 South Korea
12.4.4 India
12.4.5 Australia
12.4.6 Indonesia
12.4.7 Malaysia
12.4.8 Rest of APAC
12.5 RoW
12.5.1 Middle East
12.5.2 Africa
13. Industrial Valves Market - Market Entropy
13.1 New product launches
13.2 M&As, collaborations, JVs and partnerships
14. Industrial Valves Market – Industry Competition Landscape Premium
14.1 Market Share Global
14.2 Market Share by Region
14.3 Market Share by End-user
14.4 Competition Matrix
15. Industrial Valves Market – Key Company List by Country Premium Premium
16. Industrial Valves Market - Company Analysis
16.1 Siemens AG
16.2 Schlumberger (Cameron)
16.3 IMI plc
16.4 KSB Group
16.5 Rotork
16.6 Crane Co.
16.7 Emerson Electric Co.
16.8 Metso Corp.
16.9 General Electric Company
16.10 Flowserve Corporation
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