The valves market includes a variety of different valves such as check valves, globe valves, ball valves, butterfly valves, gate valves, diaphragm valves, and safety valves. Valves are primarily used to control the rate and direction of flow of fluids like liquids, gases, or slurries. They are critical components in various industrial systems and machinery used across industries like oil & gas, power, mining, water & wastewater, and food & beverages. Valves Market Insights ensure smooth processing, avoid spillage or backflow, and achieve precision metering of fluids or gases for various applications. They provide tight shut-off and reliable sealing while withstanding high pressures and temperatures.

The global valves market is estimated to be valued at US$ 83 Mn in 2024 and is expected to exhibit a CAGR of 3.5% over the forecast period of 2024 to 2031.

Rising investments in process industries, increasing construction activities, and growing need for automation are the key factors fueling the demand for valves.

Key Takeaways

Key players operating in the valves market are Tyson Foods, Inc., JBS S.A., Pilgrim's Pride Corporation, Wens Foodstuff Group Co. Ltd., BRF S.A., Perdue Farms, Sanderson Farms, Baiada Poultry, Bates Turkey Farm, and Amrit Group. These leading players are focusing on new product launches, partnerships, acquisitions, and enhancing their global presence through expansions.

The major opportunities in the Valves Market Size include growing infrastructure development projects in emerging economies and the increasing adoption of valves in the power generation sector. Key players are exploring opportunities in Asian and Latin American regions where demand is rising rapidly owing to rapid industrialization.

Globally, the valves market is projected to witness highest growth in the Asia Pacific region. Many players are planning to expand their production facilities, establish new manufacturing plants, and boost sales networks in countries like China, India, Indonesia, and Vietnam due to rising demand from various end-use industries. North America and Europe will also maintain significant shares in the global market.

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