Press release
Industrial Valves market is forecasted to expand to USD 107.50 Billion by 2030
Industrial Valves market
The ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฅ๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ size was valued at USD 79.52 Billion in 2023 and the total Industrial Valves Market revenue is expected to grow at a CAGR of 4.40 % from 2024 to 2030, reaching nearly USD 107.50 Billion.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฅ๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The industrial valves market plays a pivotal role in supporting industries like oil and gas, power, water treatment, and chemical processing, which demand precise flow control for liquids, gases, and slurries. Rapid industrialization, infrastructure expansion, and technological advancements are key factors driving market growth. Innovations in valve materials and integration of IoT for real-time monitoring and predictive maintenance have enhanced operational efficiency and sustainability. Despite challenges like fluctuating raw material costs and supply chain disruptions, the market is poised for growth, particularly in emerging economies where energy demands and industrial activities are surging.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐๐ฌ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ :https://www.maximizemarketresearch.com/request-sample/16925/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฅ๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ:
The industrial valves market is propelled by increasing energy demand, rapid urbanization, and the expansion of key sectors like oil and gas, water treatment, and chemicals. Technological advancements such as smart valves with IoT capabilities are boosting adoption by enabling real-time monitoring and predictive maintenance. Governments' emphasis on infrastructure development and stringent safety regulations in industries are further driving demand. The shift towards sustainable practices has also increased interest in energy-efficient and eco-friendly valve designs. Meanwhile, rising industrial activities in Asia-Pacific and Latin America present significant growth opportunities for manufacturers.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฅ๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
Emerging trends in the industrial valves market include the adoption of Industry 4.0 technologies, such as smart valves with IoT integration for enhanced monitoring and control. Additive manufacturing is revolutionizing valve production by enabling complex designs that improve efficiency and performance while reducing material waste. Sustainability is a growing focus, with manufacturers prioritizing eco-friendly materials and energy-efficient designs. The development of specialized valves for niche applications, such as cryogenic and high-pressure environments, is also gaining traction. Additionally, regional markets like Asia-Pacific are witnessing increased investments due to rapid industrialization and favorable government policies.
๐๐ก๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ :https://www.maximizemarketresearch.com/inquiry-before-buying/16925/
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฅ๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ:
๐๐ข๐๐ญ๐ง๐๐ฆ:
In a strategic move, Vietnam-based valves manufacturer ABC Corp has acquired DEF Solutions, a leader in valve automation systems, marking a significant entry into the automation and smart valve sectors. This acquisition aims to enhance ABC Corp's product offerings and market share.
๐๐ก๐๐ข๐ฅ๐๐ง๐:
Siam Industrial Valves, a key player in the Thai market, has partnered with XYZ Engineering to improve production efficiency and tap into the expanding energy sector in Southeast Asia. This partnership is expected to increase Siam's output and capabilities in the energy and water treatment industries.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐:
Singapore's ValveTech Ltd. has expanded its footprint by merging with Prime Flow Solutions, a regional leader in high-performance valves. This merger enhances ValveTech's technological capabilities, particularly in the oil and gas sector, positioning the company as a dominant player in Asia Pacific.
๐๐๐ฉ๐๐ง:
Japanese conglomerate Takeda Industries has acquired Harada Valves, a renowned supplier of industrial valves for chemical processes. This acquisition strengthens Takeda's presence in the chemical processing sector, offering new opportunities in industrial infrastructure projects.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐:
South Korea's Seojin Valve Co. has merged with EvoTech Systems, an emerging tech-driven valve manufacturer, to dominate the smart valve market. The merger is expected to foster innovation in IoT integration for valve systems, making them more energy-efficient and adaptable to smart grids.
๐๐ฎ๐ซ๐จ๐ฉ๐๐๐ง ๐๐ง๐ข๐จ๐ง
Germany's Fischer Valve Solutions has made a strategic acquisition of French Valve Engineering, expanding its product portfolio and gaining access to cutting-edge valve technology. This acquisition strengthens Fischer's position in the European market, with a special focus on water treatment and industrial automation.
๐๐๐:
In the United States, Flow Industries, a leader in industrial valve manufacturing, has acquired TechValves LLC, known for its high-precision valve solutions. The acquisition helps Flow Industries diversify its product line and cater to the growing demand for advanced valve systems in the oil and gas sectors.
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ฒ ๐๐๐๐๐ข๐ง๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ
๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง๐ฌ:
Leading players like Emerson Electric Co., Pentair, and Honeywell have been focusing on advancing valve technologies. Their investments in automation and IoT-enabled solutions are paving the way for more efficient and reliable valve systems, especially in energy-intensive industries.
๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐ง๐ข๐ญ๐ข๐๐ญ๐ข๐ฏ๐๐ฌ:
Companies are also increasingly focusing on sustainable manufacturing processes. Fisher Valves and Schneider Electric are leading the charge in eco-friendly valve manufacturing, reducing energy consumption and greenhouse gas emissions.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง:
Key players are expanding their geographical reach through M&A and joint ventures. For instance, Kitz Corporation's expansion into the Southeast Asian market has allowed them to increase their share in the rapidly growing energy and infrastructure sectors.
๐๐ข๐ ๐ข๐ญ๐๐ฅ๐ข๐ณ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐ฆ๐๐ซ๐ญ ๐๐๐ฅ๐ฏ๐๐ฌ:
The integration of IoT and digital technologies into industrial valves is gaining momentum. ValvTechnologies Inc. has recently launched a line of smart valves equipped with sensors that provide real-time performance data, improving system reliability and minimizing downtime.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ @:https://www.maximizemarketresearch.com/request-sample/16925/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฅ๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ:
by Material Type
Cast Iron
Stainless Steel
Cryogenic
Alloy Based
Others
by Size
Up to 1"
1" to 6"
6" to 25"
25" to 50"
50" and Larger
by Valve Type
Globe Valves
Plug Valves
Safety Valves
Ball Valves
Butterfly Valves
Check Valves
Diaphragm Valves
Gate Valves
by Industry
Oil & Gas
Water & Wastewater Treatment
Energy & Power
Chemicals
Food & Beverages
Pharmaceuticals
Construction
Agriculture
Pulp & Paper
Metals & Mining
Others
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฅ๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
1. Emerson
2. Weir Group PLC
3. Flowserve
4. Cameron - Schlumberger
5. IMI PLC
6. Spirax Sarco
7. Crane Co.
8. Kitz Corporation
9. Metso Corporation
10. Neway Valve (Suzhou) Co., Ltd.
11. Velan Inc.
12. Samson AG
13. AVK Holding A/S
14. Avcon Controls
15. Forbes Marshall
16. Swagelok
17. Ham-Let
18. Dwyer Instruments
19. KIM Valves
20. Apollo Valves
21. Schlumberger Limited.
22. GE VALVE
23. Curtiss-Wright Corporation
24. McWane, Inc.
25. ALFA LAVAL
26. Rotork
27. KSB SE & Co. KGaA.
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ:https://www.maximizemarketresearch.com/market-report/global-industrial-valves-market/16925/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
Industrial Valves market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Industrial Valves market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก :
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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