Industrial Valves
PUBLISHED: 2024 ID: SMRC26416
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Industrial Valves

Industrial Valves Market Forecasts to 2030 - Global Analysis By Type (Ball Valves, Gate Valves, Butterfly Valves, Globe Valves, Check Valves, Plug Valves and Other Types), Material, Function, Actuation Method, End User and By Geography

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4.7 (75 reviews)
Published: 2024 ID: SMRC26416

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Industrial Valves Market is accounted for $85.5 billion in 2024 and is expected to reach $124.1 billion by 2030 growing at a CAGR of 6.4% during the forecast period. Industrial valves are mechanical devices used to regulate the flow of fluids (liquids, gases, or slurries) within a piping system. They can control the flow rate, pressure, temperature, and direction of the fluid passing through the system. Valves are essential components in various industries, including oil and gas, water treatment, chemical processing, power generation, pharmaceuticals, and manufacturing. These valves come in various types, each designed for specific applications and operating conditions. Some common types of industrial valves include gate valves, globe valves, ball valves, butterfly valves, check valves, and plug valves.

Market Dynamics: 

Driver: 

Increasing investment in infrastructure development

The market is witnessing a surge in infrastructure investment to bolster development. This strategic focus aims to enhance the efficiency and reliability of industrial operations. Investments encompass modernizing existing infrastructure and constructing new facilities to meet evolving demands. Such initiatives not only drive technological advancements but also foster sustainable practices within the industry

Restraint:

Fluctuations in raw material prices

The market faces significant challenges due to fluctuations in raw material prices. These fluctuations can impact manufacturing costs, leading to price instability and potential profit margin erosion for valve manufacturers. Industries reliant on industrial valves, such as oil and gas, water and wastewater treatment, and chemical processing, are particularly vulnerable to these fluctuations. To mitigate risks, companies may need to employ strategic sourcing tactics, explore alternative materials, or adjust pricing strategies to adapt to changing market conditions.

Opportunity:

Stringent environmental regulations

The market faces significant challenges due to fluctuations in raw material prices. These fluctuations can impact manufacturing costs, leading to price instability and potential profit margin erosion for valve manufacturers. Industries reliant on industrial valves, such as oil and gas, water and wastewater treatment, and chemical processing, are particularly vulnerable to these fluctuations. To mitigate risks, companies may need to employ strategic sourcing tactics, explore alternative materials, or adjust pricing strategies to adapt to changing market conditions.

Threat:

Fluctuations in raw material prices

Materials like steel, brass, and various alloys are integral to valve production, and their prices can be influenced by factors such as global demand, supply chain disruptions, and geopolitical events. These fluctuations pose challenges for valve manufacturers in maintaining competitive pricing and profitability while ensuring product quality and meeting market demand. Effective supply chain management and strategic procurement strategies are crucial for navigating these price fluctuations and sustaining market competitiveness.

Covid-19 Impact: 

The COVID-19 pandemic significantly impacted the Industrial Valves Market. Supply chain disruptions, reduced demand due to halted projects, and workforce constraints led to a decline in production and sales. Industries like oil and gas, water and wastewater, and power generation, major consumers of industrial valves, experienced slowdowns. However, the market also saw opportunities in the healthcare sector for valves used in medical equipment. As industries recover and adapt to new norms, the market is expected to gradually rebound with a focus on innovation and resilience.

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

The butterfly valves is expected to be the largest during the forecast period. With their streamlined design and quarter-turn operation, they regulate fluid flow by rotating a metal disc through a 90-degree angle within the pipeline. This mechanism allows for quick shutoff and precise flow modulation, making butterfly valves indispensable in industries such as oil and gas, water treatment, chemical processing, and HVAC systems. 

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

The chemical segment is expected to have the highest CAGR during the forecast period. With growing industrialization and infrastructure development globally, the need for efficient flow control mechanisms has surged. Chemical compatibility, corrosion resistance, and durability are key considerations driving the adoption of specialized materials like stainless steel, brass, and alloys in valve manufacturing. Additionally, stringent regulations regarding workplace safety and environmental protection further influence market trends.
 
Region with largest share:

North America is projected to hold the largest market share during the forecast period. Technological advancements, such as the integration of IoT and automation in valve systems, are further propelling market expansion. Additionally, stringent regulations regarding safety and environmental concerns are fostering the demand for high-quality valves. This market is characterized by a competitive landscape with key players emphasizing product innovation and strategic collaborations.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. The rapid industrialization in countries like China, India, and Southeast Asian nations has been driving the demand for industrial valves across various sectors such as oil and gas, water and wastewater treatment, power generation, chemicals, and manufacturing. Increasing urbanization has led to the expansion of water and wastewater infrastructure, creating demand for valves used in water distribution networks and sewage treatment plants.

Key players in the market

Some of the key players in Industrial Valves market include Emerson Electric Co., Flowserve Corporation, Cameron International, Pentair plc, Spirax Sarco Limited, Samson AG, Metso Corporation, AVK Group, Parker Hannifin Corporation, Danfoss A/S, Alfa Laval AB, Schneider Electric SE, Curtiss-Wright Corp, KITZ Corporation, CIRCOR International, Inc., Beijer Tech and Tecnik Fluid Controls.

Key Developments:

In February 2024, Beijer Tech, a subsidiary of Beijer Alma, agreed to acquire 100% of AVS Power Oy, a Finnish technical wholesaler and manufacturer of pneumatics, industrial valves, and compressors. The acquisition aligns with Beijer Alma's value-adding strategy and is expected to boost earnings per share slightly.

In November 2023, Tecnik Fluid Controls formed a joint venture with United States-based ITT Industries Inc. to manufacture industrial valves for the pharmaceutical industry in India. ITT invested in the project and transferred the necessary technology.

Types Covered:
• Ball Valves
• Gate Valves
• Butterfly Valves
• Globe Valves
• Check Valves
• Plug Valves
• Other Types

Materials Covered:
• Cast Iron
• Steel
• Alloy
• Brass
• Bronze

Functions Covered:
• On/Off Valves
• Control Valves
• Safety Valves
• Specialty Valves
• Isolation Valves

Actuation Methods Covered:
• Manual
• Pneumatic
• Hydraulic
• Electric

End Users Covered:
• Oil & Gas
• Water & Wastewater Treatment
• Chemical
• Power Generation
• Pharmaceuticals
• Automotive
• Metals & Mining
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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 2022, 2023, 2024, 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

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary       
         
2 Preface        
 2.1 Abstract       
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology     
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions     
         
3 Market Trend Analysis      
 3.1 Introduction      
 3.2 Drivers       
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats       
 3.6 End User Analysis      
 3.7 Emerging Markets      
 3.8 Impact of Covid-19      
         
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry      
         
5 Global Industrial Valves Market, By Type    
 5.1 Introduction      
 5.2 Ball Valves      
 5.3 Gate Valves      
 5.4 Butterfly Valves      
 5.5 Globe Valves      
 5.6 Check Valves      
 5.7 Plug Valves      
 5.8 Other Types      
         
6 Global Industrial Valves Market, By Material    
 6.1 Introduction      
 6.2 Cast Iron       
 6.3 Steel       
 6.4 Alloy       
 6.5 Brass       
 6.6 Bronze       
         
7 Global Industrial Valves Market, By Function    
 7.1 Introduction      
 7.2 On/Off Valves      
 7.3 Control Valves      
 7.4 Safety Valves      
 7.5 Specialty Valves      
 7.6 Isolation Valves      
         
8 Global Industrial Valves Market, By Actuation Method   
 8.1 Introduction      
 8.2 Manual       
 8.3 Pneumatic      
 8.4 Hydraulic       
 8.5 Electric       
         
9 Global Industrial Valves Market, By End User    
 9.1 Introduction      
 9.2 Oil & Gas       
 9.3 Water & Wastewater Treatment    
 9.4 Chemical       
 9.5 Power Generation      
 9.6 Pharmaceuticals      
 9.7 Automotive      
 9.8 Metals & Mining      
 9.9 Other End Users      
         
10 Global Industrial Valves Market, By Geography    
 10.1 Introduction      
 10.2 North America      
  10.2.1 US      
  10.2.2 Canada      
  10.2.3 Mexico      
 10.3 Europe       
  10.3.1 Germany      
  10.3.2 UK      
  10.3.3 Italy      
  10.3.4 France      
  10.3.5 Spain      
  10.3.6 Rest of Europe     
 10.4 Asia Pacific      
  10.4.1 Japan      
  10.4.2 China      
  10.4.3 India      
  10.4.4 Australia      
  10.4.5 New Zealand     
  10.4.6 South Korea     
  10.4.7 Rest of Asia Pacific     
 10.5 South America      
  10.5.1 Argentina     
  10.5.2 Brazil      
  10.5.3 Chile      
  10.5.4 Rest of South America    
 10.6 Middle East & Africa     
  10.6.1 Saudi Arabia     
  10.6.2 UAE      
  10.6.3 Qatar      
  10.6.4 South Africa     
  10.6.5 Rest of Middle East & Africa    
         
11 Key Developments       
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 11.2 Acquisitions & Mergers     
 11.3 New Product Launch     
 11.4 Expansions      
 11.5 Other Key Strategies     
         
12 Company Profiling       
 12.1 Emerson Electric Co.     
 12.2 Flowserve Corporation     
 12.3 Cameron International     
 12.4 Pentair plc      
 12.5 Spirax Sarco Limited     
 12.6 Samson AG      
 12.7 Metso Corporation      
 12.8 AVK Group      
 12.9 Parker Hannifin Corporation     
 12.10 Danfoss A/S      
 12.11 Alfa Laval AB      
 12.12 Schneider Electric SE     
 12.13 Curtiss-Wright Corp      
 12.14 KITZ Corporation      
 12.15 CIRCOR International, Inc.     
 12.16 Beijer Tech      
 12.17 Tecnik Fluid Controls      
         
List of Tables        
1 Global Industrial Valves Market Outlook, By Region (2022-2030) ($MN)  
2 Global Industrial Valves Market Outlook, By Type (2022-2030) ($MN) 
3 Global Industrial Valves Market Outlook, By Ball Valves (2022-2030) ($MN) 
4 Global Industrial Valves Market Outlook, By Gate Valves (2022-2030) ($MN) 
5 Global Industrial Valves Market Outlook, By Butterfly Valves (2022-2030) ($MN) 
6 Global Industrial Valves Market Outlook, By Globe Valves (2022-2030) ($MN) 
7 Global Industrial Valves Market Outlook, By Check Valves (2022-2030) ($MN) 
8 Global Industrial Valves Market Outlook, By Plug Valves (2022-2030) ($MN) 
9 Global Industrial Valves Market Outlook, By Other Types (2022-2030) ($MN) 
10 Global Industrial Valves Market Outlook, By Material (2022-2030) ($MN)  
11 Global Industrial Valves Market Outlook, By Cast Iron (2022-2030) ($MN)  
12 Global Industrial Valves Market Outlook, By Steel (2022-2030) ($MN)  
13 Global Industrial Valves Market Outlook, By Alloy (2022-2030) ($MN)  
14 Global Industrial Valves Market Outlook, By Brass (2022-2030) ($MN)  
15 Global Industrial Valves Market Outlook, By Bronze (2022-2030) ($MN)  
16 Global Industrial Valves Market Outlook, By Function (2022-2030) ($MN)  
17 Global Industrial Valves Market Outlook, By On/Off Valves (2022-2030) ($MN) 
18 Global Industrial Valves Market Outlook, By Control Valves (2022-2030) ($MN) 
19 Global Industrial Valves Market Outlook, By Safety Valves (2022-2030) ($MN) 
20 Global Industrial Valves Market Outlook, By Specialty Valves (2022-2030) ($MN) 
21 Global Industrial Valves Market Outlook, By Isolation Valves (2022-2030) ($MN) 
22 Global Industrial Valves Market Outlook, By Actuation Method (2022-2030) ($MN) 
23 Global Industrial Valves Market Outlook, By Manual (2022-2030) ($MN)  
24 Global Industrial Valves Market Outlook, By Pneumatic (2022-2030) ($MN) 
25 Global Industrial Valves Market Outlook, By Hydraulic (2022-2030) ($MN) 
26 Global Industrial Valves Market Outlook, By Electric (2022-2030) ($MN)  
27 Global Industrial Valves Market Outlook, By End User (2022-2030) ($MN)  
28 Global Industrial Valves Market Outlook, By Oil & Gas (2022-2030) ($MN)  
29 Global Industrial Valves Market Outlook, By Water & Wastewater Treatment (2022-2030) ($MN)
30 Global Industrial Valves Market Outlook, By Chemical (2022-2030) ($MN) 
31 Global Industrial Valves Market Outlook, By Power Generation (2022-2030) ($MN) 
32 Global Industrial Valves Market Outlook, By Pharmaceuticals (2022-2030) ($MN) 
33 Global Industrial Valves Market Outlook, By Automotive (2022-2030) ($MN) 
34 Global Industrial Valves Market Outlook, By Metals & Mining (2022-2030) ($MN) 
35 Global Industrial Valves Market Outlook, By Other End Users (2022-2030) ($MN) 
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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