Water and Gas Valve Market Forecasts to 2030 - Global Analysis By Valve Type, Material, Application, End User and By Geography

According to Stratistics MRC, the Global Water and Gas Valve Market is accounted for $6.5 billion in 2023 and is expected to reach $10.4 billion by 2030 growing at a CAGR of 6.9% during the forecast period. Water and gas valves are devices that allow the circulation of gas or water to be regulated in certain directions. The purpose of a gas valve is to control the flow of gas through a system. These valves are frequently installed inside the walls of pipes that help move gas or water. These valves play a crucial role in regulating the flow, pressure, and direction of water and gas in pipelines, plumbing systems, industrial processes, and residential utilities.

According to EIA, total immediate energy consumption in the United States in 2022 was about 102.92 quadrillions Btu, of which petroleum consumption was about 31 percent.

Market Dynamics:

Driver:

Increasing water scarcity

As water resources become more scarce due to factors like population growth, urbanization, and climate change, there's a heightened urgency to manage water distribution systems more efficiently. Water valves play a crucial role in this by enabling precise control and regulation of water flow, minimizing wastage, and optimizing distribution networks. In regions facing water scarcity, there's often a greater emphasis on water conservation measures and infrastructure upgrades, leading to increased demand for advanced water valves with features like leak detection, remote monitoring, and automation.

Restraint:

High initial costs

The upfront expenses associated with purchasing and installing water and gas valves can be substantial, particularly for specialized or advanced valve technologies. These costs encompass not only the price of the valves themselves but also expenses related to engineering, installation, and system integration. For many buyers, especially in sectors with tight budget constraints such as municipal utilities or small-scale industrial operations, these initial investments may pose a barrier to adopting newer, more efficient valve solutions. However, high initial costs can lengthen the return on investment period, impacting decision-making processes and potentially delaying valve replacement or upgrade projects.

Opportunity:

Growing awareness of environmental sustainability

With increasing concerns about climate change, pollution, and resource depletion, there's a heightened focus on adopting eco-friendly practices across industries. In the context of water and gas infrastructure, this translates to the demand for valves that not only enhance operational efficiency but also minimize environmental impact. Valves equipped with features such as reduced leakage rates, energy efficiency, and materials with low environmental footprint are gaining traction. Additionally, regulations aimed at mitigating environmental degradation further drive the adoption of sustainable valve solutions.

Threat:

Complexity of integration

Integrating new valves into existing water and gas infrastructure systems can be challenging and time-consuming. Compatibility assessments, retrofitting, and system modifications are often required, adding complexity and cost to implementation processes. The diverse range of valve types, sizes, and specifications further complicates integration efforts, as each application may have unique requirements. For end-users, particularly in industries with established infrastructure systems such as municipal utilities or industrial plants, the complexity of integration can act as a deterrent to adopting newer valve technologies or upgrading existing systems.

Covid-19 Impact:

Initially, the market experienced disruptions due to lockdown measures, supply chain interruptions, and project delays as governments worldwide implemented restrictions to contain the virus's spread. Many infrastructure projects, including those related to water and gas distribution, were put on hold or faced slowdowns, leading to decreased demand for valves. Reduced industrial activity and economic uncertainty affected investment decisions, further dampening market growth. However, as the pandemic progressed, there was an increased emphasis on improving water and gas infrastructure resilience and efficiency, leading to renewed interest in valve technologies that enhance remote monitoring, automation, and system reliability.

The ball valves segment is expected to be the largest during the forecast period

Ball Valves segment commanded the largest share during the forecast period due to their reliability, versatility, and ability to provide tight shut-off, making them highly suitable for a wide range of water and gas applications. Advancements in ball valve technology, such as improved materials, coatings, and sealing mechanisms, have enhanced their performance and durability, further driving demand. Additionally, the growing emphasis on energy efficiency and environmental sustainability has propelled the adoption of ball valves with features like low leakage rates and reduced maintenance requirements.

The cast iron segment is expected to have the highest CAGR during the forecast period

Due to their durability, strength, and resistance to corrosion, making them particularly well-suited for demanding water and gas applications, including municipal water distribution networks and gas transmission pipelines, Cast Iron segment is expected to hold profitable growth throughout the extrapolated period. Their robust construction ensures reliable performance and longevity, reducing the need for frequent replacements and maintenance, thus offering cost savings over the long term. Furthermore, the widespread availability of cast iron as a raw material, coupled with established manufacturing processes, contributes to the affordability and scalability of cast iron valves, appealing to a broad range of end-users across different industries and regions.

Region with largest share:

Due to the rapid urbanization and industrialization across countries like China, India, and Southeast Asian nations are fueling the demand for water and gas infrastructure development, Asia Pacific region commanded the largest share of the market throughout the projection period. As urban populations expand, there is a pressing need to build and upgrade water supply networks, wastewater treatment facilities, and gas distribution systems, thereby driving the demand for water and gas valves. Additionally, increasing investments in infrastructure projects by governments and private entities in the region are further stimulating market growth.

Region with highest CAGR:

Asia Pacific region is prophesied to witness substantial growth throughout the projection period as government regulations often mandate the use of advanced valve technologies to monitor, control, and optimize the flow of water and gas in various applications. Initiatives aimed at improving infrastructure resilience against natural disasters such as floods and earthquakes further stimulate demand for high-quality valves. As governments prioritize investments in modernizing infrastructure and ensuring public safety, the Water and Gas Valve market experiences a surge in demand for innovative solutions compliant with regulatory standards, fostering both market expansion and technological advancement in the region.

Key players in the market

Some of the key players in Water and Gas Valve market include Crane Holdings Co, Curtiss-Wright Corporation, Emerson Electric Co, Flowserve Corporation, Honeywell International Inc, Schlumberger Limited, The Weir Group Plc, Watts Water Technologies Inc, Mueller Water Products, Inc and Kitz Corporation.

Key Developments:

In December 2023, Watts Water Technologies, Inc. through its subsidiaries, one of the world's leading manufacturers and providers of plumbing, heating and water quality products and solutions announced that it has entered into a definitive agreement to acquire Josam Company ("Josam"), a leading provider and manufacturer of drainage and plumbing products for over 100 years.

In August 2023, Watts Water Technologies, Inc., through its subsidiaries, one of the world's leading manufacturers and providers of plumbing, heating and water quality products and solutions announced that it has entered into a definitive agreement to acquire Bradley Corporation ("Bradley") for $303 million, subject to customary adjustments.

Valve Types Covered:

• Ball Valves
• Butterfly Valves
• Diaphragm Valves
• Gate Valves
• Mixing Valves
• Plug Valves
• Check Valves
• Pinch Valves
• Other Valve Types

Materials Covered:

• Plastic
• Cast Iron
• Stainless Steel
• Brass
• Other Materials

Applications Covered:

• Commercial
• Residential
• Industrial
• Other Applications

End Users Covered:

• Water and Waste Water Management
• Chemical Industry
• Power Generation
• Construction
• Food and Beverage Industry
• Pharmaceutical Industry
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
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• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances