According to IMARC Group’s latest report, titled “Industrial Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global industrial valves market size reached US$ 68.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 105.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.1% during 2023-2028.

Year Considered to Estimate the Market Size:

  • Base Year of the Analysis: 2022
  • Historical Period: 2017-2022
  • Forecast Period: 2023-2028

Industrial valves play a crucial role in regulating the flow of gases, liquids, and slurries through pipes and other passageways. These electromechanical devices control the flow through a partial obstruction, opening, or closing of the passageway. Some primary components of industrial valves include sealing rings, body, steam packing, end connectors, union bolts, bonnet yoke nut, operators and actuators, shell, discs, and trim, which work together to ensure effective regulation. In addition to controlling the flow rate, industrial valves also help prevent backflow to the pressurized side and protect equipment from overpressure hazards. Currently, the commonly available product variants include gate, globe, ball, check, and butterfly valves.

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Industrial Valves Market Trends:

The surging product demand across the refining, oil and gas, water and wastewater treatment, and chemicals industries and the rapid expansion of nuclear power plants are some of the key factors providing a considerable thrust to the market growth. This is further supported by the increasing need for effective pipeline control and monitoring systems. Besides this, the rising trend towards renewable energy sources, along with the integration of smart control systems, is accelerating the market growth. Furthermore, the increasing focus on automation in industrial processes, surging demand for valves in the healthcare and pharmaceutical sectors, and the rapid development of smart cities are contributing to the market growth.

Industrial Valves Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the industrial valves market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • AVK Holding A/S
  • Cameron International Corporation (Schlumberger)
  • The Crane Company
  • Emerson Electric Co.
  • Flowserve Corporation
  • Forbes Marshall
  • IMI Plc
  • Kitz Corporation
  • Neway Valves (Suzhou) Co. Ltd.
  • Samson AG
  • Velan Inc.

Key Market Segmentation:

The report has segmented the global industrial valves market based on product type, functionality, material, size, end use industry and region.

Breakup by Product Type:

  • Gate Valve
  • Globe Valve
  • Butterfly Valve
  • Ball Valve
  • Check Valve
  • Plug Valve
  • Others

Breakup by Functionality:

  • On-Off / Isolation Valves
  • Control Valves

Breakup by Material:

  • Steel
  • Cast Iron
  • Alloy Based
  • Others

Breakup by Size:

  • Upto 1”
  • 1”-6”
  • 7”-25”
  • 26”-50”
  • 51” and Above

Breakup by End Use Industry:

  • Oil and Gas
  • Power
  • Pharmaceutical
  • Water and Wastewater Treatment
  • Chemical
  • Food and Beverage
  • Others

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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