Press release
Industrial Valve Market Forecast: Key Growth Drivers, Business Opportunities, and Market Strategies (2025-2034)
Industrial Valve Market
In 2024, the industrial valve market was estimated to be worth USD 92.27 billion worldwide. The market is expected to expand at a CAGR of 4.8%, growing from USD 100.03 billion in 2022 to USD 152.33 billion in 2034.
Market Overview
Industrial valves are mechanical devices that regulate the flow of fluids (liquids, gases, and slurries) by opening, closing, or partially obstructing passages within pipelines and systems, ensuring safe and efficient operation in various industries. Industrial valves are essential for controlling and directing the flow of fluids in pipelines and other systems. They are used in a wide range of industries, including oil and gas, chemical processing, power generation, water and wastewater treatment, food and beverage manufacturing, and more. Industrial valves play a crucial role in maintaining the safe and efficient operation of industrial processes, protecting equipment, and ensuring environmental compliance.
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📊 Growth Drivers
• Rising industrial automation and increased demand for energy-efficient solutions are driving the market demand.
• Expansion of critical infrastructure projects across various industries, such as oil & gas, water treatment, chemical processing, and power generation, helping in market expansion.
• The growing demand for industrial valves from the healthcare and pharmaceutical industries is driving the industrial valve market expansion.
• The growing adoption of connected networks and smart valves is boosting the market revenue for industrial valves.
Key Players in Market
The competitive environment of the industrial valve market features a combination of global industry leaders and local companies competing for market share via innovation, strategic alliances, and regional growth. A few of these are:
• Emerson Electric Co.
• Velan Inc.
• AVK Water
• BEL Valve Limited
• SLB
• Flowserve Corporation
• KLINGER
• GG Valve Private Limited
• LESER GmbH & Co. KG
• Alfa Laval
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Industrial Valve Market Report Highlights
✔ In terms of valve type, in 2024, the ball valve segment led the industrial valve market, primarily due to their adaptability, robust construction, and reliable sealing performance. This is particularly essential in industries such as oil and gas, water management, and manufacturing.
✔ In terms of end use, the water and wastewater treatment segment is anticipated to grow within the industrial valve market, driven by the rising global need for clean water resources and enhanced sanitation infrastructure.
✔ In 2024, Asia Pacific dominated the global market, driven by rapid industrialization, rising urbanization, and major infrastructure development across key economies such as China, India, and Southeast Asia.
✔ The North America industrial valve market is projected to grow at a significant rate during the forecast period, driven by strategic investments in infrastructure across key industries such as oil & gas, chemical processing, and power generation.
Regional Analysis:
North America (U.S., Canada)
Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Segmental Overview
• The industrial valve market is segmented based on fluid type, valve type, material, function, end use, and region.
• In 2024, the ball valve segment, based on valve type, dominated the market owing to its adaptability, durability, and capacity for tight sealing, essential for sectors like oil & gas, water treatment, and manufacturing.
• By end use, the water & wastewater treatment segment is projected to witness growth in the market as a result of the rising worldwide need for clean water and enhanced sanitation.
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➽ Toc:
✅ 1. Global Industrial Valve Market Insights
1.1. Industrial Valve Market - Material Snapshot
1.2. Industrial Valve Market Dynamics
1.2.1. Drivers and Opportunities
1.2.1.1. Rising Demand from Healthcare and Pharmaceutical Industry
1.2.1.2. Growing Use of Connected Networks and Smart Industrial Valve
1.2.2. Restraints and Challenges
1.2.2.1. High Capital Investments and Low Profile Margins
1.3. Porter's Five Forces Analysis
1.3.1. Bargaining Power of Suppliers (Moderate)
1.3.2. Threats of New Entrants: (Low)
1.3.3. Bargaining Power of Buyers (Moderate)
13.4. Threat of Substitute (Moderate)
1.3.5. Rivalry among existing firms (High)
1.4. PESTEL Analysis
1.2. Industrial Valve Market Material Trends
1.6. Value Chain Analysis
1.7. COVID-19 Impact Analysis
✅ 2. Global Industrial Valve Market, by Valve Type
2.1. Key Findings
2.2. Introduction
2.2.1. Global Industrial Valve Market, by Valve Type, 2020-2034 (USD Billion)
2.3. Gate Valve
2.3.1. Global Industrial Valve Market, by Gate Valve, by Region, 2020-2034 (USD Billion)
2.4. Globe Valve
2.4.1. Global Industrial Valve Market, by Globe Valve, by Region, 2020-2034 (USD Billion)
2.5. Ball Valve
2.2.1. Global Industrial Valve Market, by Ball Valve, by Region, 2020-2034 (USD Billion)
2.6. Butterfly Valve
2.6.1. Global Industrial Valve Market, by Butterfly Valve, by Region, 2020-2034 (USD Billion)
2.7. Safety Valve
2.7.1. Global Industrial Valve Market, by Safety Valve, by Region, 2020-2034 (USD Billion)
2.8. Plug Valve
2.8.1. Global Industrial Valve Market, by Plug Valve, by Region, 2020-2034 (USD Billion)
2.9. Other Valve
2.9.1. Global Industrial Valve Market, by Other Valve, by Region, 2020-2034 (USD Billion)
✅ 3. Global Industrial Valve Market, by Fluid Type
3.1. Key Findings
3.2. Introduction
3.2.1. Global Industrial Valve Market, by Fluid Type, 2020-2034 (USD Billion)
3.3. Liquid
3.3.1. Global Industrial Valve Market, by Liquid, by Region, 2020-2034 (USD Billion)
3.4. Gas
3.4.1. Global Industrial Valve Market, by Gas, by Region, 2020-2034 (USD Billion)
3.4.2. Natural Gas
3.4.2.1. Global Industrial Valve Market, by Natural Gas, by Region, 2020-2034 (USD Billion)
3.4.3. Compressed Air
3.4.3.1. Global Industrial Valve Market, by Compressed Air, by Region, 2020-2034 (USD Billion)
3.4.4. Industrial Gases
3.4.4.1. Global Industrial Valve Market, by Industrial Gases, by Region, 2020-2034 (USD Billion)
3.2. Slurry Valve
3.2.1. Global Industrial Valve Market, by Slurry Valve, by Region, 2020-2034 (USD Billion)
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