Future of the Industrial Valves Market: Trends, Innovations, and Key Forecasts Through 2034

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Industrial Valves Market Size Growth Forecast: What to Expect by 2025?
The size of the industrial valves market has seen a stable increase in recent times. The market is anticipated to raise from $99.77 billion in 2024 to $102.56 billion in 2025, indicating a compound annual growth rate (CAGR) of 2.8%. Key drivers of this expansion in the historical period include infrastructure advancement, energy exploration and extraction, manufacturing globalization, rigorous regulatory norms, replacements, and upgrades.

How Will the Industrial Valves Market Size Evolve and Grow by 2029?
In the coming years, there will likely be consistent growth in the industrial valves market size, predicted to be valued at $118.58 billion in 2029, registering a compound annual growth rate (CAGR) of 3.7%. This growth during the projection period can be credited to an emphasis on environmental sustainability, actions for water management, projects focused on renewable energy, robustness in supply chains, and global economic recovery. Other considerable trends during the forecast period are the proliferation of smart valve technologies, the emerging industrial internet of things, heightened focus on energy efficiency, enhanced automation in manufacturing methodologies, expansion in oil and gas exploration sectors, and advancement in materials and manufacturing techniques.

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What Drivers Are Propelling the Growth of Industrial Valves Market Forward?
The anticipated surge in the number of oil and gas investigations is set to stimulate the expansion of the industrial valve market in the future. Oil and gas exploration is essentially the process and methods invoked to discover potential drilling and extraction sites for oil and gas. Industrial valves play a crucial role in regulating the flow of oil and gas by managing the fluid's direction and pressure. For example, the Energy Information Administration (EIA), a statistical agency based in the USA, suggested that oil production in 2023 would exceed 12.8 million barrels per day, predicted to further increase to around 13.2 million barrels per day in 2024, and potentially rise to 13.4 million barrels per day by 2025. This escalation can be attributed to the amplification in well productivity, even though there has been a decrease in the number of active drilling platforms. Consequently, the expected increase in oil and gas explorations is acting as a catalyst for the growth of the industrial valve market.

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What Trends Will Shape the Industrial Valves Market Through 2029 and Beyond?
Emerging as a key trend in the industrial valve markets is product innovation. Companies operating prominently in the sector are increasingly focusing on developing innovative solutions to consolidate their market position. For example, Emerson Electric Co., a manufacturing company based in the U.S, launched two new technology products named the Crosby J-Series pressure relief valves in December 2022. The first of these is a balanced diaphragm valve that efficiently reduces the need for bellows in pressure-reduction valves and offers balanced operation against back pressure - this also lowers the cost of ownership while enhancing performance. The second technology introduced is bellows leak detection, enabling remote detection of ruptures in the bellows of reduction valves and allows for the precise calculation and reduction of volumetric emissions.

What Are the Key Segments in the Industrial Valves Market?
The industrial valves market covered in this report is segmented -

1) By Valves: Ball Valves, Check Valves, erfly 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 erfly Valves: Resilient Seated erfly Valves, Triple Offset erfly 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 Key Players Shaping the Industrial Valves Market's Competitive Landscape?
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

What Geographic Markets Are Powering Growth in the Industrial Valves Market?
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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