Surging Oil And Gas Explorations Drives The Industrial Valve Market: Strategic Insights Driving Industrial Valves Market Momentum in 2025

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How Large Will the Industrial Valves Market Size By 2025?
The market size of industrial valves has seen robust growth lately. The market, which is predicted to expand from $110.13 billion in 2024 to $116.15 billion in 2025, will experience a compound annual growth rate (CAGR) of 5.5%. Factors such as infrastructure development, energy exploration and production, globalization of manufacturing, strict regulatory standards, replacement and upgrades have contributed to the growth in this historic period.

How Big Is the Industrial Valves Market Size Expected to Grow by 2029?
In the forthcoming years, the industrial valves market is projected to witness steady expansion, reaching a valuation of $136.63 billion in 2029 with a CAGR of 4.1%. The expected growth during the forecast period is due to emphasis on eco-friendliness, water management schemes, renewable energy initiatives, resilient supply chains, bespoke and specialized services, and global economic resurgence. The forecast period will also see key trends such as adoption of intelligent valve technologies, prominence of industrial internet of things, prioritizing energy efficiency, heightened automation in production processes, growth in oil and gas exploration activities, and utilization of advanced materials and manufacturing methods.

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Which Key Market Drivers Powering Industrial Valves Market Expansion and Growth?
The industrial valve market is projected to expand owing to the increasing number of oil and gas explorations. These explorations are processes and methodologies used to pinpoint possible drilling and oil and gas extraction sites. Industrial valves play a pivotal role in controlling the flow and management of oil and gas by adjusting the direction and controlling pressure. For example, the Energy Information Administration (EIA), a US-based statistical agency, predicted that oil production in 2023 will surpass 12.8 million barrels per day. This output is expected to rise to approximately 13.2 million barrels per day in 2024 and further ascend to 13.4 million barrels per day in 2025. This surge is being credited to heightened well productivity, even with a decrease in the number of operational rigs. Hence, the continual increase in oil and gas explorations is fueling the growth of the industrial valve market.

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Which Fast-Growing Trends Are Poised to Disrupt the Industrial Valves Market?
In the industrial valve markets, the fostering of product innovation has become a prominent trend. Big manufacturers in this field are concentrating on the creation of innovative solutions to solidify their market standing. For example, Emerson Electric Co., an American manufacturing company, launched a couple of new technological products known as the Crosby J-Series pressure relief valves in December 2022. The initial product is a balance diaphragm valve, a design that reduces the requirement for bellows in pressure-reducing valves while guaranteeing balanced operation against back pressure. This leads to a decrease in ownership costs and enhancement in performance. The other invention is a bellows leakage detection technology, offering remote detection of bellows breakage in pressure-reducing valves, and a precise calculation of volumetric emissions, subsequently reducing them.

What Are the Emerging Segments in the Industrial Valves Market?
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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Who Are the Global Leaders in the Industrial Valves Market?
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

Which are the Top Profitable Regional Markets for the Industrial Valves Industry?
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

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