Top Industrial Valves Companies in the World 2024 | IMARC Group

Industrial valves are mechanical devices employed in various end-user verticals to control the flow of liquids, gases, and slurries via pipelines. Gate, globe, ball, butterfly, check, pressure relief, and diaphragm are some of the common industrial valves available in the market. Butterfly valves are small in size, check valves stop reflux, pressure relief valves check against overpressure, diaphragm valves use a flexible diaphragm for high-purity applications, gate valves offer a positive seal, globe valves regulate throttling and flow, and ball valves offer fast on/off. These valves are made to adhere to certain guidelines and conditions to guarantee consistency in performance, safety, and compatibility among various manufacturers.  By complying with these guidelines, these components offer reliable and efficient operation that is indispensable in various industries.

The global industrial valves market size reached US$ 73.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 128.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.

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The key players in the industrial valve industry are investing in research and development (R&D) to create innovative valve solutions that cater to the changing needs of industries.  Emerson added two innovations to its Crosby J-Series pressure relief valve (PRV) product line: Balanced Diaphragm and Bellows Leak Detection. They enable the remote detection of bellows ruptures and do away with the requirement for bellows in pressure relief valves (PRVs), which reduces and accurately calculates volumetric emissions in real time. The key companies in the industrial valves sector have also been aggressively pursuing plans to increase their worldwide presence through partnerships, mergers, and acquisitions. For instance, Vian Enterprises, Inc., a global designer and producer of multi-stage lubrication pumps and lubrication system components for aerospace and defense applications, was purchased by Crane Company in January 2024 for $103 million.

Furthermore, the leading market players are placing a greater emphasis on sustainability efforts by incorporating environmentally friendly materials and production methods into their product offerings, thereby strengthening the market growth. As concerns for environmental conservation and reducing carbon footprint continue to grow, valve manufacturers are striving to develop products that minimize energy usage, emissions, and waste production throughout their life cycle.

Top Industrial Valves Companies in the World:

• 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.

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