Industrial Valves Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research has recently published an in-depth analysis of the global Industrial Valves Market, offering a comprehensive overview of key market dynamics, growth drivers, challenges, and emerging trends. This report provides valuable insights into the structure of the Industrial Valves Market, presenting exclusive data and statistics that forecast the market's growth trajectory from 2023 to 2030.

The worldwide industrial valves market is projected to grow at a Compound Annual Growth Rate (CAGR) of 5.1%, reaching a value of US$100.9 billion by the conclusion of 2030, up from US$71.2 billion in 2023.

Key Insights:

Industrial Valves Market Size (2023E): US$71.2 Bn

Projected Market Value (2030F): US$100.9 Bn

Global Market Growth Rate (CAGR 2023 to 2030): 5.1%

Historical Market Growth Rate (CAGR 2018 to 2022): 4.3%

Industrial Valves Market- Report Scope:

Industrial valves play a crucial role in regulating the flow of liquids, gases, or slurries in manufacturing processes across sectors like power generation, water treatment, oil and gas, and chemical processing. Categories include globe valves, ball valves, butterfly valves, and gate valves, each serving specific purposes. Their significance in ensuring safety and operational integrity in industrial environments is amplified by their ability to control fluid movement. The growing demand for streamlined fluid management, coupled with technological advancements and automation, is driving the market for smart valve solutions. This trend aligns with the industry's focus on sustainability and stricter regulations, fostering growth and innovation in the industrial valve sector.

Market Growth Drivers:

The industrial valves market is influenced by rapid technological advancements, especially the integration of smart solutions. Digitalization and automation have increased the demand for valves with sensors, actuators, and IoT devices, enabling remote control and real-time monitoring. Intelligent valves support predictive maintenance, reducing downtime and operational costs. Organizations investing in R&D for interconnected valve solutions gain a competitive edge. Environmental sustainability is a key market driver, with a focus on energy-efficient valves to meet regulatory standards. This aligns with corporate responsibility efforts, driving innovation in materials and manufacturing processes.

Market Restraints:

The industrial valves market faces challenges in global supply chains and rising raw material costs. Geopolitical uncertainties and events like the COVID-19 pandemic disrupt supply networks, causing logistical challenges and delayed project timelines. Fluctuating raw material costs, especially for metals like steel and aluminum, impact manufacturers' profit margins and pricing stability. Regulatory compliance adds complexity, with manufacturers needing to navigate diverse standards across sectors and regions, requiring significant resources for testing, documentation, and ongoing monitoring. Managing this complex regulatory landscape is a key obstacle for businesses operating across multiple markets.

Market Opportunities:

The industrial valves market has significant opportunities driven by the growing focus on water and wastewater treatment infrastructure. Increased global awareness of water scarcity and environmental concerns has led to substantial investments in advanced water treatment facilities, creating a demand for industrial valves in processes such as effluent treatment and desalination. Manufacturers can benefit by offering specialized solutions tailored to water treatment needs. Additionally, the transition to renewable energy sources, including solar, wind, and geothermal power, presents a lucrative opportunity for valve manufacturers. Creating valves that prioritize efficiency and adaptability to renewable energy configurations can set businesses apart in this rapidly growing sector.

Key Questions Answered in the Report:

What are the key factors driving the growth of the Industrial Valves Market?
Which industry verticals are driving the demand for Industrial Valves?
How are technological advancements reshaping the competitive landscape of the Industrial Valves Market?
Who are the leading players in the global Industrial Valves Market?
What are the emerging trends and future prospects in the global Industrial Valves Market?

Competitive Intelligence and Business Strategy:

In the competitive industrial valves industry, leaders are employing strategies such as collaborations, partnerships, and mergers to expand global presence and enhance product portfolios. Ongoing investments in research and development are crucial for introducing innovative valve solutions to meet industry demands. The focus on environmentally sustainable practices and the integration of digital technologies, including data analytics and IoT connectivity, are shaping the competitive landscape. Regional and local entities targeting specific market segments contribute to intensified competition, requiring businesses to distinguish themselves through technological innovation, quality, and strategic partnerships.

Key Companies Profiled:
Emerson Electric Co.
Flowserve Corporation

Cameron International Corporation

Crane Co.
IMI plc
Kitz Corporation
KSB Group
Metso Corporation
Velan Inc.
Spirax-Sarco Engineering plc

Industrial Valves Market Segmentation:

By Valve Type:
Ball valves
Butterfly valves
Gate valves
Globe valves
Plug valves
Check valves
Diaphragm valves
Misc
By Material Type:
Cast iron
Steel
Alloy based
Bronze
Misc
By End-use Industry:
Oil and Gas
Chemicals

Water and Wastewater Treatment

Power Generation
Pharmaceuticals
Food and Beverage
HVAC
Automotive
Mining
Misc
By Region:
North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33657

1. Executive Summary

1.1. Global Industrial Valves Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Valve Type Lifecycle Analysis
2.4. Industrial Valves Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Industrial Valves Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Industrial Valves Market Outlook: Valve Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Valve Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Valve Type, 2023 - 2030
  - 3.3.3.1. Ball valves
  - 3.3.3.2. Butterfly valves
  - 3.3.3.3. Gate valves
  - 3.3.3.4. Globe valves
  - 3.3.3.5. Plug valves
  - 3.3.3.6. Check valves
  - 3.3.3.7. Diaphragm valves
3.4. Market Attractiveness Analysis: Valve Type
3.5. Global Industrial Valves Market Outlook: Material Type
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Material Type, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material Type, 2023 - 2030
  - 3.5.3.1. Cast iron
  - 3.5.3.2. Steel
  - 3.5.3.3. Alloy based
  - 3.5.3.4. Bronze
3.6. Market Attractiveness Analysis: Material Type
3.7. Global Industrial Valves Market Outlook: End-use Industry
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End-use Industry, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
  - 3.7.3.1. Oil and Gas
  - 3.7.3.2. Chemicals
  - 3.7.3.3. Water and Wastewater Treatment
  - 3.7.3.4. Power Generation
  - 3.7.3.5. Pharmaceuticals
  - 3.7.3.6. Food and Beverage
  - 3.7.3.7. HVAC
  - 3.7.3.8. Automotive
  - 3.7.3.9. Mining
3.8. Market Attractiveness Analysis: End-use Industry

4. Global Industrial Valves Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Industrial Valves Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Valve Type
- 5.3.3. By Material Type
- 5.3.4. By End-use Industry
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Valve Type, 2023 - 2030
- 5.5.1. Ball valves
- 5.5.2. Butterfly valves
- 5.5.3. Gate valves
- 5.5.4. Globe valves
- 5.5.5. Plug valves
- 5.5.6. Check valves
- 5.5.7. Diaphragm valves
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material Type, 2023 - 2030
- 5.6.1. Cast iron
- 5.6.2. Steel
- 5.6.3. Alloy based
- 5.6.4. Bronze
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 5.7.1. Oil and Gas
- 5.7.2. Chemicals
- 5.7.3. Water and Wastewater Treatment
- 5.7.4. Power Generation
- 5.7.5. Pharmaceuticals
- 5.7.6. Food and Beverage
- 5.7.7. HVAC
- 5.7.8. Automotive
- 5.7.9. Mining
5.8. Market Attractiveness Analysis

6. Europe Industrial Valves Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Valve Type
- 6.3.3. By Material Type
- 6.3.4. By End-use Industry
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Valve Type, 2023 - 2030
- 6.5.1. Ball valves
- 6.5.2. Butterfly valves
- 6.5.3. Gate valves
- 6.5.4. Globe valves
- 6.5.5. Plug valves
- 6.5.6. Check valves
- 6.5.7. Diaphragm valves
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material Type, 2023 - 2030
- 6.6.1. Cast iron
- 6.6.2. Steel
- 6.6.3. Alloy based
- 6.6.4. Bronze
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 6.7.1. Oil and Gas
- 6.7.2. Chemicals
- 6.7.3. Water and Wastewater Treatment
- 6.7.4. Power Generation
- 6.7.5. Pharmaceuticals
- 6.7.6. Food and Beverage
- 6.7.7. HVAC
- 6.7.8. Automotive
- 6.7.9. Mining
6.8. Market Attractiveness Analysis

7. East Asia Industrial Valves Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Valve Type
- 7.3.3. By Material Type
- 7.3.4. By End-use Industry
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Valve Type, 2023 - 2030
- 7.5.1. Ball valves
- 7.5.2. Butterfly valves
- 7.5.3. Gate valves
- 7.5.4. Globe valves
- 7.5.5. Plug valves
- 7.5.6. Check valves
- 7.5.7. Diaphragm valves
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material Type, 2023 - 2030
- 7.6.1. Cast iron
- 7.6.2. Steel
- 7.6.3. Alloy based
- 7.6.4. Bronze
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 7.7.1. Oil and Gas
- 7.7.2. Chemicals
- 7.7.3. Water and Wastewater Treatment
- 7.7.4. Power Generation
- 7.7.5. Pharmaceuticals
- 7.7.6. Food and Beverage
- 7.7.7. HVAC
- 7.7.8. Automotive
- 7.7.9. Mining
7.8. Market Attractiveness Analysis

8. South Asia & Oceania Industrial Valves Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Valve Type
- 8.3.3. By Material Type
- 8.3.4. By End-use Industry
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Valve Type, 2023 - 2030
- 8.5.1. Ball valves
- 8.5.2. Butterfly valves
- 8.5.3. Gate valves
- 8.5.4. Globe valves
- 8.5.5. Plug valves
- 8.5.6. Check valves
- 8.5.7. Diaphragm valves
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material Type, 2023 - 2030
- 8.6.1. Cast iron
- 8.6.2. Steel
- 8.6.3. Alloy based
- 8.6.4. Bronze
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 8.7.1. Oil and Gas
- 8.7.2. Chemicals
- 8.7.3. Water and Wastewater Treatment
- 8.7.4. Power Generation
- 8.7.5. Pharmaceuticals
- 8.7.6. Food and Beverage
- 8.7.7. HVAC
- 8.7.8. Automotive
- 8.7.9. Mining
8.8. Market Attractiveness Analysis

9. Latin America Industrial Valves Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Valve Type
- 9.3.3. By Material Type
- 9.3.4. By End-use Industry
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Valve Type, 2023 - 2030
- 9.5.1. Ball valves
- 9.5.2. Butterfly valves
- 9.5.3. Gate valves
- 9.5.4. Globe valves
- 9.5.5. Plug valves
- 9.5.6. Check valves
- 9.5.7. Diaphragm valves
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material Type, 2023 - 2030
- 9.6.1. Cast iron
- 9.6.2. Steel
- 9.6.3. Alloy based
- 9.6.4. Bronze
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 9.7.1. Oil and Gas
- 9.7.2. Chemicals
- 9.7.3. Water and Wastewater Treatment
- 9.7.4. Power Generation
- 9.7.5. Pharmaceuticals
- 9.7.6. Food and Beverage
- 9.7.7. HVAC
- 9.7.8. Automotive
- 9.7.9. Mining
9.8. Market Attractiveness Analysis

10. Middle East & Africa Industrial Valves Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Valve Type
- 10.3.3. By Material Type
- 10.3.4. By End-use Industry
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Valve Type, 2023 - 2030
- 10.5.1. Ball valves
- 10.5.2. Butterfly valves
- 10.5.3. Gate valves
- 10.5.4. Globe valves
- 10.5.5. Plug valves
- 10.5.6. Check valves
- 10.5.7. Diaphragm valves
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Material Type, 2023 - 2030
- 10.6.1. Cast iron
- 10.6.2. Steel
- 10.6.3. Alloy based
- 10.6.4. Bronze
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 10.7.1. Oil and Gas
- 10.7.2. Chemicals
- 10.7.3. Water and Wastewater Treatment
- 10.7.4. Power Generation
- 10.7.5. Pharmaceuticals
- 10.7.6. Food and Beverage
- 10.7.7. HVAC
- 10.7.8. Automotive
- 10.7.9. Mining
10.8. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Offshore Industrial Valves
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Emerson Electric Co.
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Flowserve Corporation
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Cameron International Corporation
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Crane Co.
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. IMI plc
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Kitz Corporation
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. KSB Group
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Metso Corporation
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. Velan Inc.
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Spirax-Sarco Engineering plc.
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Product
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations