Press release
2025-2034 Metal Valve Market Roadmap: Insights for Competitive Advantage
Metal Valve
How Large Will the Metal Valve Market Size By 2025?
In the past few years, the metal valve market has demonstrated significant expansion. The industry's size is predicted to rise from $307.79 billion in 2024 to $327.04 billion in 2025, illustrating a compound annual growth rate (CAGR) of 6.3%. Factors such as industrialization, the expansion of the oil and gas domain, the progression in water and wastewater infrastructure, growth in energy generation, and the broadening of the manufacturing sector are believed to have contributed to the historic period's growth.
How Big Is the Metal Valve Market Size Expected to Grow by 2029?
Over the coming years, the metal valve market is predicted to experience consistent expansion. The market value is projected to reach $392.85 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.7%. This predicted growth within the forecast period can be credited to factors such as the transition to green energy, smart and IoT-enabled valves, solutions to water scarcity, environmental regulations, and global infrastructure improvements. Key trends during this period are anticipated to include an rise in energy-efficient valves, the use of digital twin technology, innovative valve materials, customization, specialization, and remote valve control.
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Which Key Market Drivers Powering Metal Valve Market Expansion and Growth?
The expansion of the chemical industry is predicted to fuel the advancement of the metal valves market. The role of metal valves including but*terfly valves, ball valves, gate valves, check valves, globe valves, plug valves, and actuated valves in chemical processing is fundamental, boosting the evolution of the metal valves market. A study by the American Chemistry Council (ACC), an industry trade group for American chemical firms, indicates robust chemical output in the US and an expanding scenario for all chemical businesses. The ACC predicts a 2.4% growth in output by 2023, alongside a 5.5% rise in capital project expenditure during the same period. Therefore, the chemical industry's growth is likely to steer forward the progression of the metal valves market.
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Which Fast-Growing Trends Are Poised to Disrupt the Metal Valve Market?
The primary trend gaining traction in the metal valve market is product innovation. Dominant firms within the metal valves industry are focusing on the introduction of groundbreaking and innovative products to gain a competitive edge. As an illustration, Warren Controls, a US-based company specialized in manufacturing valves for a wide array of industries, unveiled the industrial control valves Series 2900 in 2022. These valves are utilized in a variety of sectors like the food and drink industry and other manufacturing applications. Notable and innovative features of these products include a sturdy cast iron frame and a gamut of trim materials, inclusive of bronze, 300 stainless steel, 17-4PH stainless steel and Alloy 6 among other materials.
What Are the Emerging Segments in the Metal Valve Market?
The metal valve market covered in this report is segmented -
1) By Type: Industrial Valve, Fluid Power Valve and Hose Fitting, Plumbing Fixture Fitting and Trim, Other Metal Valve and Pipe Fitting
2) By Product: Pressure Reducing Valves, Safety/Relief Valves, Control Valves, Globe Valves, Plug Valves, Gate Valves, Ball Valves, But*terfly Valves, Diaphragm Valves, Other Products
3) By End User Industry: Chemicals, Marine, Construction, Mining, Oil and Gas, Other End User Industries
Subsegments:
1) By Industrial Valve: Ball Valves, Gate Valves, Globe Valves, But*terfly Valves, Check Valves, Pressure Relief Valves
2) By Fluid Power Valve And Hose Fitting: Pneumatic Valves, Hydraulic Valves, Hose Fittings
3) By Plumbing Fixture Fitting And Trim: Faucets, Showerheads, Bathtub Spouts, Plumbing Trim Accessories
4) By Other Metal Valve And Pipe Fitting: Flanged Fittings, But*t Weld Fittings, Threaded Fittings, Socket Weld Fittings
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Who Are the Global Leaders in the Metal Valve Market?
Major companies operating in the metal valve market include Parker-Hannifin Corporation, Emerson Electric Co, IMI plc, Atlas Copco AB, The Flowserve Corporation, The Crane Company, KITZ Corporation, Metso Oyj, Spectrum Brands Holdings Inc, Globe Union Industrial Corp., Parker Hannifin Corporation, The Weir Group PLC, Cameron International, Rotork plc, Velan Inc., Curtiss-Wright Corporation, Neway Valve (Suzhou) Co. Ltd., Spirax-Sarco Engineering plc, Forum Energy Technologies, CIRCOR International Inc., Apollo Valves (Conbraco Industries), Bonney Forge Corporation, Watts Water Technologies Inc., Dwyer Instruments Inc., Bray International Inc., Leslie Controls Inc., SAMSON Controls Inc., Swagelok Company, Marwin Valve, Sun Hydraulics Corporation, MOGAS Industries Inc., Ayvaz, VAG Group, Nihon KOSO Co. Ltd.
Which are the Top Profitable Regional Markets for the Metal Valve Industry?
Asia-Pacific was the largest region in the metal valve market in 2023. Western Europe was the second-largest region in the metal valve market. The regions covered in the metal valve market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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