North America Industrial Valve Market Forecast to 2028 - Regional Analysis by Material, Valve Type, Ball Valve, and End User

List of Tables

The North America industrial valve market is expected to grow from US$ 22.0 billion in 2022 to US$ 27.4 billion by 2028; it is estimated to grow at a CAGR of 3.8% from 2023 to 2028.

The growing use of industrial valves in various industries such as oil and gas, water and wastewater management, and chemical is encouraging the market players to expand their manufacturing and distribution facilities. Hence, the companies are working on various strategic alliances, such as contracts, partnerships, collaborations, and mergers and acquisitions, to enhance their product portfolio and expand their market presence. A few of such strategic alliances by the companies are mentioned below:

In September 2020, Industrial Valco announced the acquisition of Beric Valves, a producer of the globe, cast and forged steel gate, check, and ball valves for the US and its territories. Through this acquisition, Industrial Valco can provide high-quality valves at competitive prices.

In January 2021, Anvil and Smith-Cooper International announced the acquisition of the ABZ and Quadrant Valve brands from Forum Energy Technologies, Inc. Quadrant is a provider of patented, quarter-turn specialty ball and butterfly valves to the chemical, petrochemical, and upstream energy markets. The acquisition will help enhance Anvil and Smith-Cooper International's flow control portfolio.

In April 2022, ITT Inc. announced the acquisition of Habonim, an Israel-based manufacturer of ball valves and actuation technologies for harsh applications. Habonim's offering of ball valves, particularly for extreme applications, will help ITT Inc. to drive stronger sales growth for industrial processes.

In March 2022, In Mind Cloud announced that it had entered into a five-year strategic partnership with VAG, an international valve manufacturer. Under this partnership, In Mind Cloud will continue to help VAG in its sales operations of industrial valves for the water and wastewater sector.

In January 2023, Oliver Valves announced that it had secured a 3-year contract to supply valves to the Kaybob Duvernay project in North America.

Thus, through the above-mentioned contracts, partnerships, mergers, and acquisitions, the companies are expanding their product portfolio and global presence, boosting the growth of the North America industrial valve market.

The North America industrial valve market is segmented into material, valve type, ball valve, vertical, and country. Based on material, the market is segmented into cast iron, steel, cryogenic, alloy-based, and others. Based on valve type, the North America industrial valve market size is bifurcated into ball valves, butterfly valves, diaphragm valves, safety valves, piston RAM valves, control valves, and gate valves. Based on ball valve, the North America industrial valve market size is segmented into trunnion-mounted, floating, and rising stem. Based on end user, the North America industrial valve market is categorized into oil & gas, chemicals & petrochemicals, food & beverages, water treatment, and others. Based on country, the North America industrial valve market is segmented into the US, Canada, and Mexico.

CRANE CO., Flowserve Corporation, Emerson Electric Co., CIRCOR INTERNATIONAL, SPIRAX SARCO, SCHLUMBERGER LIMITED, Velan Inc., The Weir Group PLC, Frontier Valve International, and FITOK Group are the key North America industrial valve market players profiled in the report. Several other essential North America industrial valve market players were analyzed for a holistic view of the market and its ecosystem.

Impact of COVID-19 Pandemic on North America Industrial Valve Market

In 2020, Travel bans, mass lockdowns, and business shutdowns affected economies and countless industries in various countries in the region. Owing to these impositions, various crude oil and chemical production facilities and industrial valve manufacturing plants were temporarily shut down to decelerate the spread of SARS-CoV-2 through human interactions. These activities significantly hampered the North America industrial valve market in 2020. However, in Q1 of 2021, with the restart of manufacturing activities, the companies restarted developing the innovative products. In November 2021, Rusco, a water filtration firm, launched a new ball valve that can be controlled using an app. It can be easily paired with Apple and Android devices for program automation, which simplifies two primary functions: sediment flushing and flow shut-off.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America industrial valve market

Highlights key business priorities in order to assist companies to realign their business strategies

The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the North America industrial valve market, thereby allowing players across the value chain to develop effective long-term strategies

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Product Code: TIPRE00029910

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Industrial valve Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinions

5. Industrial valve Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Expansion in Oil & Gas Industry
- 5.1.2 Strategic Alliances by Market Players
5.2 Market Restraints
- 5.2.1 High Cost of Maintenance and Replacement of Industrial Valves
5.3 Market Opportunities
- 5.3.1 Growing Investment in Water and Wastewater Infrastructure
5.4 Future Trends
- 5.4.1 Technological Advancements in Industrial Valves
5.5 Impact Analysis of Drivers and Restraints

6. Industrial valve Market - North America Analysis

6.1 North America: Industrial valve Market - Revenue and Forecast to 2028 (US$ Million)
6.2 Market Positioning- Top Five Players

7. North America Industrial valve Market Analysis - by Material

7.1 Overview
7.2 North America Industrial valve Market, By Material (2022 And 2028)
7.3 Cast Iron
- 7.3.1 Overview
- 7.3.2 Cast Iron: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
7.4 Steel
- 7.4.1 Overview
- 7.4.2 Steel: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
7.5 Cryogenic
- 7.5.1 Overview
- 7.5.2 Cryogenic: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
7.6 Alloy-based
- 7.6.1 Overview
- 7.6.2 Alloy-based: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)

8. North America Industrial valve Market - Valve Type

8.1 Overview
8.2 North America Industrial valve Market, By Valve type (2022 And 2028)
8.3 Ball valve
- 8.3.1 Overview
- 8.3.2 Ball valve: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
8.4 Butterfly Valves
- 8.4.1 Overview
- 8.4.2 Butterfly Valves: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
8.5 Diaphragm Valves
- 8.5.1 Overview
- 8.5.2 Diaphragm Valves: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
8.6 Safety Valves
- 8.6.1 Overview
- 8.6.2 Safety Valves: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
8.7 Piston RAM Valves
- 8.7.1 Overview
- 8.7.2 Piston RAM Valves: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
8.8 Gate Valves
- 8.8.1 Overview
- 8.8.2 Gate Valves: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
8.9 Control Valves
- 8.9.1 Overview
- 8.9.2 Control Valves: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)

9. North America Industrial Valve Market- Ball Valve

9.1 Overview
9.2 North America Industrial valve Market, By Ball valve (2022 And 2028)
9.3 Trunnion-mounted
- 9.3.1 Overview
- 9.3.2 Trunnion-mounted: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
9.4 Floating
- 9.4.1 Overview
- 9.4.2 Floating: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
9.5 Rising Stem
- 9.5.1 Overview
- 9.5.2 Rising Stem: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)

10. North America Industrial valve Market Revenue and Forecast to 2028 - End user

10.1 Overview
10.2 North America Industrial valve Market, By End user (2022 And 2028)
10.3 Oil & Gas
- 10.3.1 Overview
- 10.3.2 Oil & Gas: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
10.4 Chemicals and Petrochemicals
- 10.4.1 Overview
- 10.4.2 Chemicals and Petrochemicals: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
10.5 Food and Beverages
- 10.5.1 Overview
- 10.5.2 Food and Beverages: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
10.6 Water Treatment
- 10.6.1 Overview
- 10.6.2 Water Treatment: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)
10.7 Others
- 10.7.1 Overview
- 10.7.2 Others: North America Industrial valve Market Revenue and Forecast To 2028 (US$ Million)

11. North America Industrial valve Market - Country Analysis

11.1 Overview
11.2 North America: Industrial valve Market
- 11.2.1 North America Industrial valve Market Breakdown, by Country
  - 11.2.1.1 US: Industrial valve Market
    - 11.2.1.1.1 US: Industrial valve Market, by Material
    - 11.2.1.1.2 US: Industrial valve Market, by Valve type
    - 11.2.1.1.3 US: Industrial valve Market, by Ball valve
    - 11.2.1.1.4 US: Industrial valve Market, by End user
  - 11.2.1.2 Canada: Industrial valve Market
    - 11.2.1.2.1 Canada: Industrial valve Market, by Material
    - 11.2.1.2.2 Canada: Industrial valve Market, by Valve type
    - 11.2.1.2.3 Canada: Industrial valve Market, by Ball valve
    - 11.2.1.2.4 Canada: Industrial valve Market, by End user
  - 11.2.1.3 Mexico: Industrial valve Market
    - 11.2.1.3.1 Mexico: Industrial valve Market, by Material
    - 11.2.1.3.2 Mexico: Industrial valve Market, by Valve type
    - 11.2.1.3.3 Mexico: Industrial valve Market, by Ball valve
    - 11.2.1.3.4 Mexico: Industrial valve Market, by End user

12. Industrial valve Market- COVID-19 Impact Analysis

12.1 North America

13. Industry Landscape

13.1 Overview
13.2 Market Initiative
13.3 Product Development
13.4 Mergers & Acquisitions

14. COMPANY PROFILES

14.1 Crane Co
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 Velan Inc
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Emerson Electric Co
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Flowserve Corp
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Spirax Sarco Engineering Plc
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Schlumberger NV
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 CIRCOR International Inc
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 FITOK GmbH
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 The Weir Group PLC
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Frontier Valve International Ltd
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments
14.11 GWC Italia SpA
- 14.11.1 Key Facts
- 14.11.2 Business Description
- 14.11.3 Products and Services
- 14.11.4 Financial Overview
- 14.11.5 SWOT Analysis
- 14.11.6 Key Developments
14.12 Admiral Valve LLC
- 14.12.1 Key Facts
- 14.12.2 Business Description
- 14.12.3 Products and Services
- 14.12.4 Financial Overview
- 14.12.5 SWOT Analysis
- 14.12.6 Key Developments
14.13 Allagash International Group LLC
- 14.13.1 Key Facts
- 14.13.2 Business Description
- 14.13.3 Products and Services
- 14.13.4 Financial Overview
- 14.13.5 SWOT Analysis
- 14.13.6 Key Developments
14.14 American Valve Inc
- 14.14.1 Key Facts
- 14.14.2 Business Description
- 14.14.3 Products and Services
- 14.14.4 Financial Overview
- 14.14.5 SWOT Analysis
- 14.14.6 Key Developments
14.15 Champion Valves Inc
- 14.15.1 Key Facts
- 14.15.2 Business Description
- 14.15.3 Products and Services
- 14.15.4 Financial Overview
- 14.15.5 SWOT Analysis
- 14.15.6 Key Developments
14.16 Cornerstone Valve LLC
- 14.16.1 Key Facts
- 14.16.2 Business Description
- 14.16.3 Products and Services
- 14.16.4 Financial Overview
- 14.16.5 SWOT Analysis
- 14.16.6 Key Developments
14.17 Dezurik Inc
- 14.17.1 Key Facts
- 14.17.2 Business Description
- 14.17.3 Products and Services
- 14.17.4 Financial Overview
- 14.17.5 SWOT Analysis
- 14.17.6 Key Developments
14.18 Descote Inc
- 14.18.1 Key Facts
- 14.18.2 Business Description
- 14.18.3 Products and Services
- 14.18.4 Financial Overview
- 14.18.5 SWOT Analysis
- 14.18.6 Key Developments
14.19 Everlasting Valve Co Inc
- 14.19.1 Key Facts
- 14.19.2 Business Description
- 14.19.3 Products and Services
- 14.19.4 Financial Overview
- 14.19.5 SWOT Analysis
- 14.19.6 Key Developments
14.20 Henry Pratt Co LLC
- 14.20.1 Key Facts
- 14.20.2 Business Description
- 14.20.3 Products and Services
- 14.20.4 Financial Overview
- 14.20.5 SWOT Analysis
- 14.20.6 Key Developments

15. Appendix

15.1 About The Insight Partners
15.2 Glossary of Terms