Global Industrial Valves Market was valued at USD 73.50 billion in 2021 and is expected to reach USD 101.06 billion by 2029, registering a CAGR of 4.06% during the forecast period of 2022-2029.
The Industrial Valves Market and Size
Industrial valves have taken a crucial role in numerous manufacturing industries throughout the globe. These are widely utilized in process industries for various purposes, such as regulation, direction, and control of slurries, vapors, gases, and liquids, among others. These are known to deliver efficient flow control in industries, including oil and gas, food and beverages, energy and utilities, and water and waste treatment.
Industrial Valves Market Dynamics
Drivers
- Infrastructural Developments
The increase in number of infrastructure-related developments is one of the major factors driving the growth of industrial valves market. The rise in infrastructure-related projects escalating private participation in infrastructure (PPI) to invest more generate more demand for industrial valves.
Restraints/Challenges
On the other hand, lack of standardized policies and local manufacturers offering low-priced valves are expected to obstruct market growth. Also, concerns regarding unplanned downtime due to malfunctioning or failure of valves are projected to challenge the industrial valves market in the forecast period of 2022-2029.
This industrial valves market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on industrial valves market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Industrial Valves Market Scope
The industrial valves market is segmented on the basis of type, function, material, accessories, size and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Gate Valve
- Globe Valve
- Ball Valve
- Butterfly Valve
- Diaphragm Valve
- Check Valve
- Plug Valve
- Pinch Valve
- Needle Valve
- Pressure Relief Valve
- Others
Function
- Isolation
- Regulation
- Safety Relief Valve
- Special Purpose
- Non-Return
Material
- Ductile Iron
- Carbon Steel
- Plastic
- Brass
- Bronze
- Copper
- Aluminium
- Others
Accessories
- Hydraulic Filter
- Power Cable
- Mounting Screw and Bolts
- Seal Kits
- Dust Protection Cover
- Others
Size
- 1 Inch to 6 Inch
- 6 Inch to 12 Inch
- 12 Inch to 24 Inch
- 24 Inch to 48 Inch
- Above 48 Inch
Application
- Oil and Gas
- Water and Waste Treatment
- Chemical
- Energy and Utilities
- Food and Beverages
- Pharmaceutical
- Agriculture
- Marine
- Automotive
- Metals and Mining
- Paper and Pulp
- Others
Industrial Valves Market Regional Analysis/Insights
The industrial valves market is analyzed and market size insights and trends are provided by country, type, function, material, accessories, size and application.
The countries covered in the industrial valves market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Industrial Valves Market Share Analysis
The industrial valves market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial valves market.
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Key Players Industrial Valves Market
- Emerson Electric Co. (US)
- Schlumberger Limited. (US)
- Flowserve Corporation (US)
- IMI (India)
- Metso Corporation (Finland)
- GE VALVE (India)
- Curtiss-Wright Corporation (US)
- Crane Co. (US)
- Neway valve. (China)
- McWane, Inc. (US)
- ALFA LAVAL (Sweden)
- Rotork (UK)
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