Global Industrial Valve Market Growth, Size, Trends Analysis - By Type, By Material, By Component, By End Use Industry, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034

Global Industrial Valve Market Introduction and Overview

According to SPER Market Research, the Global Industrial Valve Market is estimated to reach USD 125.37 billion by 2034 with a CAGR of 4.63%.

The report includes an in-depth analysis of the Global Industrial Valve Market, including market size and trends, product mix, Applications, and supplier analysis. The global industrial valves market was valued at USD 79.73 billion in 2024 and is projected to grow at a CAGR of 4.63% from 2025 to 2034. This market expansion is being fueled by several factors, including the construction of new power plants, the rising utilization of industrial equipment, and the increasing adoption of high-quality industrial valves.

By Type Insights

The industrial valve market is divided by type into several categories, including ball valves, check valves, butterfly valves, gate valves, globe valves, plug valves, diaphragm valves, and others. In 2024, check valves led the market due to their design using advanced materials, which enhance durability and performance in harsh conditions. Valves used in sectors like oil and gas, chemical processing, and water treatment face challenges from high pressure, temperature, and corrosion. To address corrosion, producers are increasingly using high-tech materials, such as duplex stainless steel, alloy 20, and Inconel, for check valves, as these materials resist pitting and wear well under tough conditions.

By Material Insights

The industrial valve market includes segments such as steel, plastic, cast iron, alloy-based, and others. The steel segment held the largest market share in 2024, known for its strength and corrosion resistance. Stainless steel gate valves can handle various fluids, including corrosive chemicals and high temperatures. Cast iron gate valves are used for non-corrosive fluids like water and steam, offering strength and affordability for high-pressure applications.

Regional Insights

The Asia Pacific region held the largest revenue share in 2024 and is anticipated to experience the most rapid growth during the forecast period. This region is undergoing swift industrialization, significant infrastructural development, and a heightened focus on energy efficiency. The presence of developing nations such as China, India, and Japan, along with their industrial activities in sectors like manufacturing, automotive, and power generation, is driving a substantial demand for advanced valves.

Market Competitive Landscape

Prominent companies in the industrial valves market include Emerson Electric Co, Velan Inc, AVK Water, BEL Valves, Cameron Schlumberger, Fisher Valves & Instruments Emerson, among others. Market vendors are concentrating on expanding their customer base to secure a competitive advantage within the industry. Consequently, key players are implementing various strategic initiatives, including mergers and acquisitions, as well as partnerships with other leading firms.

Recent Developments:

In October 2023, Burhani Engineers Ltd. unveiled a valves testing and rehabilitation hub in Nairobi, Kenya. This facility is projected to reduce the repair and maintenance expenses for existing valves across the oil and gas, power, mining, and other sectors.

In August 2024, KSB SE & Co. KGaA introduced the SISTO-CM1300, an automated multi-port valve developed by Luxembourg-based SISTO Armaturen S.A., which is part of the KSB Group, for a multinational French pharmaceutical company. This valve is utilized in the manufacturing of immunosuppressive medications.

Scope of the report:

Report Metric Details

Market size available for years 2021-2034

Base year considered 2024

Forecast period 2025-2034

Segments covered By Type, By Material, By Component, By End Use Industry, By Distribution Channel

Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa

Companies Covered Alfa Laval, AVK Holding, Baker Hughes, CIRCOR, Crane Company, Curtiss-Wright, Danfoss, Emerson Electric, Hitachi, Honeywell.

Key Topics Covered in the Report

Global Industrial Valve Market Size (FY'2021-FY'2034)

Overview of Global Industrial Valve Market

Segmentation of Global Industrial Valve Market By Type (Ball valves, check valves, Butterfly valves, Gate valves, Globe valves, Plug valves, Diaphragm valves, Others)

Segmentation of Global Industrial Valve Market By Material (Steel, Plastic, Cast iron, Alloy based, Others)

Segmentation of Global Industrial Valve Market By Component (Actuators, Valve body, Others)

Segmentation of Global Industrial Valve Market By End Use Industry (Chemical, Energy & utilities, Construction, Metal & Mining, Agriculture, Pharmaceutical, Food & beverages, Pulp & paper, Others)

Segmentation of Global Industrial Valve Market By Distribution Channel (Direct sales, Indirect sales)

Statistical Snap of Global Industrial Valve Market

Expansion Analysis of Global Industrial Valve Market

Problems and Obstacles in Global Industrial Valve Market

Competitive Landscape in the Global Industrial Valve Market

Details on Current Investment in Global Industrial Valve Market

Competitive Analysis of Global Industrial Valve Market

Prominent Players in the Global Industrial Valve Market

SWOT Analysis of Global Industrial Valve Market

Global Industrial Valve Market Future Outlook and Projections (FY'2025-FY'2034)

Recommendations from Analyst