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Impact Of Increasing Industrialization On The Growth Of The Commercial Valve Market: Key Factor Driving The Growth In The Commercial Valves Market
Commercial Valves
What Is the Expected Commercial Valves Market Size During the Forecast Period?
The commercial valves market has grown steadily in recent years. It will grow from $2.86 billion in 2024 to $3.04 billion in 2025 at a CAGR of 6.4%. The market's growth is driven by industrialization, construction activities increasing the demand for fluid control systems, infrastructure development in emerging economies, the rising need for water and wastewater treatment, and a focus on energy efficiency.
The commercial valves market is projected to grow to $3.84 billion by 2029 at a CAGR of 6.0%. Growth is fueled by the expansion of the oil and gas industry, advancements in valve technology, and the rise of automation. Trends include IoT and automation integration, energy-efficient solutions, and smart valves.
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What Are the High-Growth Segments in the Commercial Valves Market?
The commercial valves market covered in this report is segmented -
1) By Valves: Ball Valves, Check Valves, Butterfly Valves, Balancing Valves, Gate Valves, Globe Valves
2) By Material Type: Alloy Based, Cast Iron, Steel, Other Materials
3) By Distribution Channels: Direct Sales, Indirect Sales
Subsegments:
1) By Ball Valves: Floating Ball Valves, Trunnion Ball Valves, V-Port Ball Valves, Cavity Filled Ball Valves
2) By Check Valves: Swing Check Valves, Lift Check Valves, Tilting Disc Check Valves, Spring-Loaded Check Valves
3) By Butterfly Valves: Wafer Style Butterfly Valves, Lug Style Butterfly Valves, Flanged Style Butterfly Valves, High Performance Butterfly Valves
4) By Balancing Valves: Manual Balancing Valves, Automatic Balancing Valves, Pressure Independent Balancing Valves, Flow Control Balancing Valves
5) By Gate Valves: Rising Stem Gate Valves, Non-Rising Stem Gate Valves, Wedge Gate Valves, Parallel Gate Valves
6) By Globe Valves: Linear Globe Valves, Angle Globe Valves, Pressure-Regulating Globe Valves, High-Pressure Globe Valves
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What Key Drivers Are Expected to Influence Future Commercial Valves Market Growth?
The growth of industrialization is also expected to drive the commercial valves market. Industrialization, which includes advancements in manufacturing and production efficiency, increases the demand for valves that regulate fluid flow in various industrial processes. For example, in July 2023, Eurostat reported that industrial production in the European area rose by 0.2% in May 2023. As a result, industrialization is contributing to the growth of the commercial valves market.
Which Companies Hold the Largest Share Across Different Commercial Valves Market Segments?
Major companies operating in the commercial valves market are Schlumberger Company, Parker Hannifin Corporation, Emerson Electric Co., Pentair plc, Flowserve Corporation, The Weir Group PLC, Crane Co., KSB SE & Co. KGaA, Curtiss-Wright Corporation, IMI plc, Watts Water Technologies Inc., Spirax-Sarco Engineering plc, Mueller Water Products Inc., AVK Holding A/S, KITZ Corporation, Samson AG, Rotork plc, NIBCO Inc., Neway Valve Co. Ltd., Velan Inc., Valvitalia S.p.A., Bray International Inc., Cla-Val Company, Habonim Industrial Valves & Actuators
What Are the Latest Developing Trends in the Commercial Valves Market?
In the commercial valves market, companies are focusing on high-flow and high-pressure designs to gain a competitive advantage. These systems enable the efficient movement of large volumes of fluid while maintaining durability under high-pressure conditions. For instance, in April 2024, Emerson Electric Co., a US-based company, launched the ASCO Series 148-149 Safety Valve, featuring rapid operation and enhanced sealing capabilities for high-pressure environments.
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What Are the Emerging Geographies for The Commercial Valves Market Growth?
Asia-Pacific was the largest region in the commercial valve market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial 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 Commercial Valves Market?
2. What is the CAGR expected in the Commercial Valves Market?
3. What Are the Key Innovations Transforming the Commercial Valves Industry?
4. Which Region Is Leading the Commercial Valves Market?
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