Press release
Industrial Valves Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Industrial Valves
How Big Is the Industrial Valves Market Size Expected to Be by 2034?
The size of the industrial valves market has seen robust growth in the past few years. The market is projected to rise from a value of $110.13 billion in 2024 to $116.15 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.5%. Factors contributing to the historical growth period include infrastructure advancement, energy discovery and production, global manufacturing expansion, stringent compliance regulations, and efforts for replacement and advancement.
In the coming years, the industrial valves market size is poised for consistent expansion, potentially reaching a value of $136.63 billion in 2029 with a compound annual growth rate (CAGR) of 4.1%. The anticipated growth within this period is likely due to factors such as emphasis on environmental sustainability, initiatives in water management, projects in renewable energy, resilience in supply chains, customization, specialization, and the global economic recovery. Future trends forecasted for this period comprise the emergence of smart valve technologies, the rise of the industrial internet of things, a focus on energy efficiency, enhanced automation in manufacturing, expansion in oil and gas exploration, as well as advanced materials and manufacturing methods.
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How Are Emerging Segments Shaping the Industrial Valves Market Landscape?
The industrial valves market covered in this report is segmented -
1) By Valves: Ball Valves, Check Valves, Butterfly Valves, Plug Valves, Globe Valves, Gate Valves, Diaphragm Valves, Safety Valves
2) By Function: Isolation, Regulation, Safety Relief Valve, Special Purpose, Non-Return
3) By Material: Ductile Iron, Carbon Steel, Plastic, Brass, Bronze, Copper, Aluminum, Others Materials
4) By Accessories: Hydraulic Filter, Power Cable, Mounting Screw And Bolts, Seal Kits, Dust Protection Cover, Others Accessories
5) 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
Subsegments:
1) By Ball Valves: Floating Ball Valves, Trunnion Ball Valves
2) By Check Valves: Swing Check Valves, Lift Check Valves, Dual Plate Check Valves
3) By Butterfly Valves: Resilient Seated Butterfly Valves, Triple Offset Butterfly Valves
4) By Plug Valves: Lubricated Plug Valves, Non-Lubricated Plug Valves
5) By Globe Valves: Rising Stem Globe Valves, Non-Rising Stem Globe Valves
6) By Gate Valves: Wedge Gate Valves, Parallel Gate Valves
7) By Diaphragm Valves: Inline Diaphragm Valves, Angle Diaphragm Valves
8) By Safety Valves: Spring-Loaded Safety Valves, Pilot-Operated Safety Valves
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Which Growth Factors Are Influencing Industrial Valves Market Expansion?
The increase in oil and gas exploraions is predicted to fuel the expansion of the industrial valve market in the future. The term oil and gas exploration refers to the methods used to determine suitable sites for drilling and extraction of oil and gas. Industry valves are critical to controlling and managing the fluid movement by dictating its path and maintaining pressure. For example, in August 2023, the Energy Information Administration (EIA), a US-based statistical body, reported that oil production in 2023 amounted to more than 12.8 million barrels per day. This is predicted to increase to approximately 13.2 million barrels daily in 2024 and further rise to 13.4 million barrels per day in 2025. This growth is credited to the enhanced productivity of wells, even though the number of active rigs is decreasing. Consequently, the escalating number of oil and gas explorations is accelerating the expansion of the industrial valve market.
Who Are the Dominant Players Across Different Industrial Valves Market Segments?
Major companies operating in the industrial valves market include 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., Velan Inc., Neway Valve, Samson AG, Neles Oyj, AVCON Controls Pvt. Ltd., Sirca International S.p.A., Fluidline Valves Co. Pvt. Ltd., Davis Valve, Powell Valves, Virgo Engineers Inc., WALWORTH, IMI PLC, Valvitalia SpA, Zhejiang Dunan Valve Co. Ltd., Pentair Valves and Controls, OKANO Valve Mfg. Co. Ltd., Tyco Valves and Controls, Swagelok Company
What Are the Latest Developing Trends in the Industrial Valves Market?
Major industrial valve market players are increasingly prioritizing product innovation, a trend that is rapidly gaining traction. They are focusing on the development of pioneering solutions to solidify their market presence. For example, Emerson Electric Co., an American manufacturing firm, in December 2022, launched two advanced tech products dubbed the Crosby J-Series pressure relief valves. The first product is a balanced diaphragm valve designed to reduce the requirement for bellows in pressure-reducing valves, ensuring balanced functioning against back pressure. This consequently lowers ownership costs and enhances performance. The other innovation pertains to bellows leak detection. This technology enables remote identification of bellows ruptures in pressure-reducing valves, and simultaneously diminishes and accurately gauges volumetric emissions.
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Which Geographic Regions Are Expected to Dominate the Industrial Valves Market in the Coming Years?
Asia-Pacific was the largest region in the industrial valves market in 2024. The regions covered in the industrial valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Valves Market?
2. What is the CAGR expected in the Industrial Valves Market?
3. What Are the Key Innovations Transforming the Industrial Valves Industry?
4. Which Region Is Leading the Industrial Valves Market?
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