Press release
Industrial Valves Market Forecast to Achieve USD 107.50 Billion by 2030 with 4.4 Percentage CAGR Growth
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 regulating and controlling the flow of liquids, gases, and slurries in various industries such as oil & gas, water treatment, power generation, and manufacturing. Valves such as ball valves, gate valves, and butterfly valves are widely used in these applications due to their versatility and reliability. The market is driven by the increasing demand for energy, rapid urbanization, and the need for advanced infrastructure in emerging economies. Technological advancements have also led to the development of smart and automated valves, further enhancing operational efficiency and safety. Key players are focusing on innovative designs to meet specific industry requirements while adhering to environmental standards. The market is witnessing a steady growth trajectory, supported by investments in renewable energy projects and advancements in industrial automation.
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/16925/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฅ๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ :
The industrial valves market is driven by a combination of factors, including the growing demand for energy and clean water. The expansion of oil and gas exploration activities, especially in offshore regions, has significantly boosted the demand for robust and durable valves. Additionally, the increasing focus on industrial automation and the adoption of Internet of Things (IoT)-enabled systems have propelled the demand for smart valves that provide real-time monitoring and control. Governments across the globe are implementing stringent environmental regulations, pushing industries to adopt valves that ensure reduced emissions and efficient resource utilization. The growth of industries such as chemicals, pharmaceuticals, and food processing also contributes to the rising demand for specialized valves tailored to specific needs. The need for upgrading aging infrastructure in developed countries further fuels market growth.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฅ๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
Emerging trends in the industrial valves market are centered around the integration of advanced technologies and materials to enhance performance and durability. The adoption of IoT and smart technologies has enabled real-time monitoring, predictive maintenance, and automated control, reducing operational downtime and costs. Furthermore, the growing emphasis on sustainable practices has led to the development of eco-friendly valves with lower energy consumption and minimal leakage. Manufacturers are increasingly utilizing advanced materials such as stainless steel and composites to create corrosion-resistant valves suitable for harsh environments. Another notable trend is the rising demand for customized valves to cater to specific industry applications, particularly in sectors like pharmaceuticals and petrochemicals. The shift toward renewable energy sources such as wind and solar power has also opened up new avenues for valve manufacturers.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐๐๐ฒ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/16925/
๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฅ๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's industrial valves market is expanding due to infrastructure development and increased investments in oil and gas exploration. Companies like RST Valves are setting up manufacturing units in Vietnam to cater to the growing demand, supported by favorable government policies and foreign investments.
๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐'๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฅ๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
Thailand is witnessing a surge in demand for industrial valves due to its focus on water resource management and renewable energy projects. Recent collaborations, such as UVW Industries partnering with a local Thai manufacturer, highlight the market's potential for growth and innovation.
๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's industrial valves market is characterized by high-tech innovations and a strong focus on automation. The acquisition of GHI Valves by MNO Corporation has strengthened Japan's position as a leader in smart valve technologies, catering to diverse applications such as robotics and advanced manufacturing.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฅ๐ฏ๐๐ฌ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's robust industrial base and advancements in technology have propelled the demand for high-performance valves. Companies like PQR Group are investing in research and development to introduce innovative products tailored to South Korea's burgeoning petrochemical and semiconductor sectors.
๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐'๐ฌ ๐๐๐ซ๐ค๐๐ญ
Singapore's industrial valves market is consolidating with major players like EFG Solutions merging with HIJ Enterprises to enhance their market presence. Government initiatives to promote smart city projects and sustainable infrastructure are further driving demand.
๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฅ๐ฏ๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
The United States remains a key market for industrial valves, with significant demand from oil & gas and water treatment sectors. Recent investments by KLM Inc. in expanding manufacturing facilities reflect the increasing need for advanced and durable valves in the region.
๐๐ฎ๐ซ๐จ๐ฉ๐๐๐ง ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐๐ฅ๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ
Europe's industrial valves market is being shaped by stringent environmental regulations and a shift towards sustainable practices. The recent acquisition of NOP Technologies by QRS Group underscores the region's focus on innovative and eco-friendly solutions.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ? ๐๐ซ๐๐ ๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: 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.
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-industrial-valves-market/16925/
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐จ๐ซ๐: ๐๐ข๐ฌ๐ข๐ญ ๐๐ฎ๐ซ ๐๐๐๐ฌ๐ข๐ญ๐ ๐๐จ๐ซ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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