The Industrial Valves Market Size will be valued at USD 114 billion by 2031 and it was valued at USD 79.86 billion in 2023, growing at a CAGR of 4.5% over the forecast period 2024-2031.
The industrial valves market is witnessing robust growth, driven by increasing industrialization, urbanization, and the rising need for automation across various sectors such as oil & gas, water & wastewater treatment, power generation, and chemicals. Industrial valves play a critical role in regulating the flow of liquids, gases, and slurries within pipelines, ensuring smooth operations and safety. Technological advancements in valve design, including the integration of smart valves and IoT-enabled solutions, are revolutionizing the industry by offering enhanced control, real-time monitoring, and predictive maintenance. These innovations are particularly crucial in energy-intensive sectors where operational efficiency and minimizing downtime are top priorities.
Additionally, stringent government regulations surrounding emission control and environmental protection are pushing industries to adopt high-quality valves that comply with international standards. Emerging economies, particularly in Asia-Pacific and the Middle East, are expected to fuel demand as investments in energy infrastructure, petrochemicals, and municipal water projects surge. However, the market faces challenges such as fluctuating raw material costs and the need for continual upgrades to meet evolving regulatory frameworks. As industries worldwide focus on sustainability and energy efficiency, the industrial valves market is poised to expand, driven by both replacement demand and new installations in critical industries.
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Covid 19 impact analysis:
The latest report is the most recent study that offers coverage of the Industrial Valves industry that has been facing the brunt of the adverse economic impact of the COVID-19 outbreak since the beginning of this year. The global health crisis has affected nearly every aspect of the business vertical and led to massive disruptions to the global Industrial Valves market demand and supply chains. Researchers draw predictions for the market scenario in the post-COVID era. The report, additionally, assesses the present market situation and estimates its future outcomes, keeping in mind the impact of the pandemic on the global economic landscape.
Major companies profiled in the market report include
Emerson Electric, Schlumberger, Flowserve Corporation, IMI plc, Neles Corporation, Spirax Sarco Limited, Crane, Conbraco Industries Inc, Kitz Corporation, Trillium Flow Technologies, Bray International & Other Players..
Research objectives:
The latest research report has been formulated using industry-verified data. It provides a detailed understanding of the leading manufacturers and suppliers engaged in this market, their pricing analysis, product offerings, gross revenue, sales network & distribution channels, profit margins, and financial standing. The report’s insightful data is intended to enlighten the readers interested in this business sector about the lucrative growth opportunities in the Industrial Valves market.
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It has segmented the global Industrial Valves market
BY TYPE
- Ball Valves
- Butterfly Valves
- Check Valves
- Gate Valves
- Globe Valves
- Diaphragm Valves
- Plug Valves
- Safety Valves
BY COMPONENT
- valve body
- Actuators
- others
BY MATERIALS
- Alloy Based
- Bronze
- Cast Iron
- Brass
- Steel
- Plastic
- Cryogenic
- Others
BY SIZE
- Less than 1”
- 6”
- 7- 25”
- 26- 50”
- More than 50”
Key Objectives of the Global Industrial Valves Market Report:
- The report conducts a comparative assessment of the leading market players participating in the global Industrial Valves
- The report marks the notable developments that have recently taken place in the Industrial Valves industry
- It details on the strategic initiatives undertaken by the market competitors for business expansion.
- It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Industrial Valves market value chain.
- The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market
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