Press release
Industrial Valves Market: Impending Growth of $136.63 billion by 2029, Propelled by Infrastructure Development and Energy Exploration
Industrial Valves Market
What Is The Projected Market Size Of The Global Industrial Valves Market And Its Growth Rate?
• The market size of industrial valves is expected to grow from $110.13 billion in 2024 to $116.15 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to infrastructure development, energy exploration and production, globalization of manufacturing, and stringent regulatory standards.
• The industrial valves market size is expected to balloon to $136.63 billion in 2029 at a compound annual growth rate (CAGR) of 4.1%. This growth can be attributed to a growing focus on environmental sustainability, water management initiatives, renewable energy projects, resilience in supply chains, and global economic recovery.
What Is Driving The Growth In The Industrial Valves Market?
The growth of the industrial valve market is expected to surge due to increasing oil and gas explorations. These procedures and techniques used for identifying potential drilling and extraction sites are paramount to the industry as industrial valves control the flow and manage the fluid pressure. The Energy Information Administration (EIA) reports oil production in 2023 is over 12.8 million barrels per day, predicted to rise to 13.2 million barrels per day in 2024, and further increase to 13.4 million barrels per day in 2025, which can be attributed to improved well productivity, amid a decline in the number of active rigs. Hence, the growth in oil and gas exploration activities is expected to drive the industrial valve market.
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Who Are the Key Players Driving Industrial Valves Market Growth?
• Emerson Electric Co.
• The Flowserve Corporation
• Schlumberger Limited
• Crane Holdings Co.
• KITZ Corporation
• AVK Holdings A/S
• Forbes Marshall Pvt Ltd.
• KSB SE & Co. KGaA
• Spirax-Sarco Engineering PLC
• Metso Outotec Corporation
• KLINGER Holding
• Alfa Laval AB
• Curtiss-Wright Corporation
• Honeywell International Inc.
What Are The Key Trends In The Industrial Valves Market?
• Adoption of smart valve technologies
• The rise of the industrial internet of things
• Focus on energy efficiency
• Increased automation in manufacturing
• Expansion in oil and gas exploration
• Advancement in materials and manufacturing techniques
What Are The Segments Of The Global Industrial Valves Market?
• By Valves: Ball Valves, Check Valves, Butterfly Valves, Plug Valves, Globe Valves, Gate Valves, Diaphragm Valves and Safety Valves.
• By Function: Isolation, Regulation, Safety Relief Valve, Special Purpose, and Non-Return.
• By Material: Ductile Iron, Carbon Steel, Plastic, Brass, Bronze, Copper, Aluminum, and Others Materials.
• By Accessories: Hydraulic Filter, Power Cable, Mounting Screw And Bolts, Seal Kits, Dust Protection Cover, Others Accessories.
• By End-User: Chemicals, Energy And Power, Oil And Gas, Water And Wastewater Treatment, Building And Constructions, Paper And Pulp, Metal And Mining, Agriculture, Semiconductor, Other End Users.
Which Region Leads The Industrial Valves Market?
Asia-Pacific was the largest region in the industrial valves market in 2024. Other regions covered in the industrial valves market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Industrial Valves Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Valves Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Valves Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Valves Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Valves Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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