Press release
Industrial Valves Market Top Players- Emerson, Flowserve Corporation, Sclumberger Limited, Crane Co., Neles.
Industrial Valves Market
The global Industrial Valves market is estimated to reach over USD 104.62 billion by 2031, exhibiting a CAGR of 5.17% during the forecast period.
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The pharmaceutical and healthcare industries have played a pivotal role in addressing the challenges posed by the rapid spread of COVID-19. As a result, the production of critical medical devices essential for treating COVID-19 patients has seen a significant increase. Key industry players have actively contributed to this effort, recognizing the vital role industrial valves play in the manufacturing of various medical devices.
For example, Emerson's valve technologies have supported a wide range of applications, including pressure relief regulation, maintaining sanitary conditions in sterilization equipment, and enabling functionality in oxygen therapy devices-particularly for high-risk or recovering patients. Additionally, Emerson's valves are integral to the operation of blood analyzers and other hematology instruments critical to patient care.
The company has also facilitated oxygen supply in temporary and remote healthcare facilities, such as pop-up hospitals and triage centers, through its high-pressure and high-purity valve solutions. Emerson produces compact, instrument-level valves that serve laboratory and medical device manufacturers and has reported increased demand specifically from producers of oxygen therapy equipment. Furthermore, modern hospital beds are equipped with pneumatically operated air bladders designed to enhance patient comfort-an area where Emerson's pneumatic valve technologies are also utilized.
List of Prominent Players in the Industrial Valves Market:
• ALFA LAVAL
• AVK Holding AS
• Baker Hughes
• Bray International,
• CIRCOR International Inc.
• Crane Co.,
• Curtiss-Wright Corporation
• Danfoss AS
• Emerson Electric Co.
• Flowserve Corporation
• Georg Fischer Ltd
• Hitachi Ltd
• Honeywell International Inc.
• IMI PLC,
• ITT Inc.
• KITZ Corporation
• KLINGER Group
• KSB SE & Co, & KGaA,
• Mueller Water Products Inc.
• Neles,
• NIBCO Inc.
• Okano Valve Mfg. Co. Ltd
• Saint-Gobain
• Schlumberger Limited
• Spirax-Sarco Engineering PLC.
• TechnipFMC PLC
• The Weir Group PLC
• Valvitalia SpA
• Xylem
• Zhejiang Dunan Valve Co. Ltd
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Market Dynamics
Drivers:
The industrial valves market is poised for robust growth, driven by technological advancements that enable access to complex and unconventional reservoirs, including deep-sea locations and high-temperature, high-pressure environments. Increasing investments in oil and gas exploration and production activities, particularly in these challenging conditions, are further propelling market demand. Additionally, the ongoing expansion of pipeline infrastructure and the rising adoption of unconventional oil and gas applications-especially within downstream operations-are expected to generate significant growth opportunities. The growing implementation of automation within process industries is also contributing to heightened demand for automated control valves.
Challenges:
Despite the market's positive outlook, several challenges are expected to hinder growth over the forecast period. These include the lack of standardized regulations across regions, limited product differentiation, and slowdowns in key sectors such as oil and gas, mining, and construction. Furthermore, operational downtime caused by valve maintenance and repairs remains a concern. Manufacturers are required to navigate a complex landscape of varying regulatory standards and certifications, which differ significantly depending on the geographical region and industry. The broad spectrum of applications-including oil and gas, food and beverage, pharmaceuticals, energy, water and wastewater treatment, construction, chemicals, and pulp and paper-has resulted in highly diverse requirements, complicating market scalability and standardization.
Regional Trends:
North America is expected to emerge as a key growth region for the industrial valves market. The surge in shale gas and oil sands production presents considerable opportunities for market expansion. Additionally, the replacement of outdated valves in midstream gas transportation infrastructure is anticipated to drive demand for more efficient valve technologies. The shale gas boom in the United States has led to substantial investments in exploration and production activities, further enhancing market potential. Moreover, the region's growing shift toward renewable energy for electricity generation is likely to provide additional impetus for market growth.
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Recent Developments:
• In November 2022, In keeping with the Saudi Arabian government's intentions to localise critical products, IMI Saudi Industry, a division of IMI Critical Engineering, launched a new 5,000 m2 facility in Dammam. This facility will provide cutting-edge valve solutions and boost national manufacturing capabilities.
Segmentation of Industrial Valves Market-
By Type-
• Ball Valves
• Check Valves
• Butterfly Valves
• Plug Valves, Globe Valves
• Gate Valves
• Diaphragm Valves
• Safety Valves
By Component-
• Actuators
• Valve Body
• Other Components
By Function-
• On/Off
• Control
By Material-
• Steel,
• Cast Iron,
• Alloy-Based,
• Cryogenic, Plastic,
• Other Materials
By Size-
• 50"
By End-User Industry-
• Chemicals
• Energy & Power
• Oil & Gas
• Water & Wastewater Treatment
• Building & Construction
• Paper & Pulp
• Metal & Mining
• Agriculture
• Semiconductor
• Pharmaceutical
• Food & Beverage
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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