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Industrial Valves Market Exclusive Trends Analysis with Forecast to 2034
The global Industrial Valves market is estimated to reach over USD 158.6 billion by 2034, exhibiting a CAGR of 5.0% during the forecast period.
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The pharmaceutical and healthcare sectors have been at the forefront of the fight against COVID-19, responding to the rapid spread of the virus with increased production of critical medical devices. Industrial valves play a vital role in manufacturing essential medical equipment, ensuring precision and efficiency in their operation.
Additionally, pop-up hospitals, remote medical centers, and triage facilities rely on high-pressure and high-purity valves for oxygen distribution. Emerson has also ramped up production of instrument-level valves to meet the growing demand for oxygen therapy devices. Beyond respiratory support, modern hospital beds now incorporate pneumatic air bladder systems, enhancing patient comfort and recovery. The increasing integration of valve technology in healthcare underscores its importance in delivering effective medical treatment and patient care.
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
Market Dynamics:
Drivers-
The increasing investments in oil and gas exploration and production are propelling the demand for industrial valves, particularly with technological advancements enabling resource extraction from deepwater, high-pressure, and unconventional reservoirs. Additionally, the expansion of pipeline infrastructure and growing applications in unconventional oil and gas production are creating significant growth opportunities in the industry. Furthermore, the rise in automation across the process industries has driven the adoption of automated control valves, improving operational efficiency and enhancing system reliability.
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Challenges:
Despite promising growth, the industrial valve sector faces hurdles such as: Lack of standardized regulations across different regions, leading to compliance complexities.Limited product differentiation, making competition intense among manufacturers.Slowdowns in the oil, gas, mining, and construction sectors, affecting overall demand. Valve maintenance and downtime, which can disrupt industrial operations. As industrial valves are used across various industries-including oil & gas, pharmaceuticals, power generation, water treatment, and chemicals-this diversity in demand can both drive market expansion and pose logistical challenges for manufacturers.
Regional Trends:
North America is poised to be a key growth market, driven by rising shale gas and oil sands production. The demand for industrial valves is expected to surge as aging midstream infrastructure is upgraded with more efficient systems. Additionally, the U.S. market is being transformed by shale gas extraction, leading to substantial investments in exploration and production. Moreover, the increasing shift toward renewable energy sources for electricity generation is further boosting market potential, positioning industrial valves as a crucial component in the evolving energy landscape.
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.
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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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