Industrial Valves Market: Global Industry Outlook, Size (US$ 97.19 Billion), Share, Growth (CAGR of 7.3%), Top Companies Analysis and Research Report 2022-2027

According to IMARC Group's latest report, titled "Industrial Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global industrial valves market size reached US$ 64.04 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 97.19 Billion by 2027, exhibiting a growth rate (CAGR) of 7.3% during 2022-2027.

Industrial Valves Market Trends:

The growing energy demand, driven by the rising population, and the increasing number of oil and gas exploration activities in offshore areas represent some of the key factors augmenting the demand for industrial valves. Apart from this, the rising demand for flow control equipment is projected to positively impact the market growth across the globe. Moreover, smart valves with intelligent control systems are anticipated to gain significance among end users, which is further projected to accelerate the growth of the market. The expanding number of nuclear power stations, as well as petroleum refining plants across the globe, are boosting the market growth. Additionally, the increasing installation of oil and gas pipelines, coupled with the rising demand for controlling and monitoring them from a centralized location, is expected to bolster the market growth.

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Year Considered to Estimate the Market Size:

Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027

Competitive Landscape With Key Players:

The competitive landscape of the industrial valves market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• AVK Holding A/S
• Cameron International Corporation (Schlumberger)
• The Crane Company
• Emerson Electric Co.
• Flowserve Corporation
• Forbes Marshall
• IMI Plc
• Kitz Corporation
• Neway Valves (Suzhou) Co. Ltd.
• Samson AG
• Velan Inc.

Industry Definition and Application:

Industrial valves are devices employed to regulate the pressure or flow of gases, slurries, and other liquids. These valves consist of the body, discs, trim, seats, end connectors, stem packing, sealing rings, union bolts, bonnet shell, operators and actuators, and yoke and yoke nuts. They find vast applications in the chemical, refinery, pharmaceutical, food and beverage, water and wastewater treatment, oil and gas, and power sectors across the globe.

Key Market Segmentation:

The report has segmented the global industrial valves market based on product type, functionality, material, size, end use industry and region.

Breakup by Product Type:

• Gate Valve
• Globe Valve
• Butterfly Valve
• Ball Valve
• Check Valve
• Plug Valve
• Others

Breakup by Functionality:

• On-Off / Isolation Valves
• Control Valves

Breakup by Material:

• Steel
• Cast Iron
• Alloy Based
• Others

Breakup by Size:

• Up To 1"
• 1"-6"
• 7"-25"
• 26"-50"
• 51" and Above

Breakup by End Use Industry:

• Oil and Gas
• Power
• Pharmaceutical
• Water and Wastewater Treatment
• Chemical
• Food and Beverage
• Others

Breakup by Region:

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

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Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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