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Industrial Valves Market

Industrial Valves Market Forecasts to 2028 – Global Analysis By Product (Multi-Turn Valve and Quarter-Turn Valve), Function, Size, Accessory, Material, Type, End User and By Geography

4.3 (100 reviews)
Published: July 2021 ID: SMRC20688
4.3 (100 reviews)
Published: July 2021 ID: SMRC20688

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 $48.10 billion in 2020 and is expected to reach $140.12 billion by 2028 growing at a CAGR of 14.3% during the forecast period. Increasing focus on the global development of smart cities, rising need for connected networks to monitor and maintain industrial equipment and rising demand for valves from healthcare and pharmaceuticals industries due to outbreak of Covid-19 pandemic are driving the market growth. However, lack of standardized norms and governing policies is hampering the growth of the market.

Industrial valves are mechanical devices which are used to alter the stream or flow of water or other liquids, gases and slurries. Industrial valves regulate the flow via pipes and other passages by opening, closing and partially opening the vaults. With the increasing investments in technology, these manually control mechanical devices can now be operated automatically.

Based on the function, the on-off/isolation valves segment is going to have lucrative growth during the forecast period. On-off/isolation valves are one of the most elementary and indispensable components of the present modern technological society. These are essential to virtually all manufacturing processes and every energy production and supply system. On-off/isolation valves fulfil stringent shut-off requirements across various industries; therefore, these valves account for a larger share of the overall industrial valves market.

By geography, Asia Pacific is going to have high growth during the forecast period due to the speedy population growth and urbanization in developing economies such as India, Japan and China which have led to the growth of the water & wastewater treatment, energy & power, pharmaceuticals, building & construction, chemicals, and oil & gas industries.

Some of the key players profiled in the Industrial Valves Market include Alfa Laval, AVK Holding AS, Broer Group, CIRCOR International Inc., Crane Co., Curtiss-Wright Corporation, Danfoss AS, Emerson Electric Co., Georg Fischer Ltd, Flowserve Corporation, General Electric (Baker Hughes), Hitachi Metals Ltd, Honeywell International Inc., IMI PLC and ITT Inc.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 48.10billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

14.3%

Predicted 2028 Value:

USD 140.12 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

630

Chapters Covered:

Product, Function, Size, Accessory, Material, Type, End User and Region

Core Drivers and Opportunities:

  • Increasing focus on the global development of smart cities
  • Rising need for connected networks to monitor and maintain industrial equipment
  • Rising demand for valves from healthcare and pharmaceuticals industries due to outbreak of Covid-19 pandemic

Restraining Factors & Market Threats:

  • Lack of standardized norms and governing policies
  • Unplanned downtime due to malfunctioning or failure of valves


Products Covered:
• Multi-Turn Valve
• Quarter-Turn Valve

Functions Covered:
• Control/Regulation
• Non Return
• On-Off/Isolation
• Safety Relief
• Special Purpose  

Sizes Covered:
• Up To 1”
• 1-6”
• 6-25”
• 25-50”
• 50” and Larger  

Accessories Covered:
• Dust Protection Covers
• Hydraulic Filter
• Mounting Screws & Bolts
• Power Cable
• Seal Kits

Materials Covered:
• Alloy Based
• Cast Iron
• Cryogenic
• Ductile & Gray Iron
• Carbon Steel
• Cast Steel
• Stainless Steel
• Other Materials

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

End Users Covered:
• Agriculture
• Automotive
• Building & Construction
• Chemicals
• Energy & Power
• Food & Beverages
• Marine
• Metals & Mining
• Oil & Gas
• Pharmaceuticals & Healthcare
• Process Manufacturer
• Pulp & Paper
• Refinery
• Water & Wastewater Treatment

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 2019, 2020, 2021, 2025 and 2028
- 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

Key Questions Answered In The Report

The Global Industrial Valves Market is majorly driven by increasing focus on the global development of smart cities, rising need for connected networks to monitor and maintain industrial equipment and rising demand for valves from healthcare and pharmaceuticals industries due to outbreak of Covid-19 pandemic.

The on-off/isolation valves segment is growing at a highest CAGR owing to fulfillment of stringent shut-off requirements across various industries.

Asia Pacific dominated with a significant market share due to the factors such as speedy population growth and urbanization in developing economies such as India, Japan and China.

North America market is growing at a highest CAGR owing to increasing R&D activities in the region pertaining to the use of actuators in the valves for automation and the rising demand for safety applications.

Key players in Industrial Valves Market include Alfa Laval, AVK Holding AS, Broer Group, CIRCOR International Inc., Crane Co., Curtiss-Wright Corporation, Danfoss AS, Emerson Electric Co., Georg Fischer Ltd, Flowserve Corporation, General Electric (Baker Hughes), Hitachi Metals Ltd, Honeywell International Inc., IMI PLC and ITT Inc.

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 Product Analysis    
 3.7 End User Analysis    
 3.8 Emerging Markets     
 3.9 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 Product     
 5.1 Introduction    
 5.2 Multi-Turn Valve    
 5.3 Quarter-Turn Valve    
      
6 Global Industrial Valves Market, By Function     
 6.1 Introduction    
 6.2 Control/Regulation    
 6.3 Non Return    
 6.4 On-Off/Isolation    
 6.5 Safety Relief    
 6.6 Special Purpose    
      
7 Global Industrial Valves Market, By Size     
 7.1 Introduction    
 7.2 Up To 1”    
 7.3 1-6”    
 7.4 6-25”    
 7.5 25-50”    
 7.6 50” and Larger    
      
8 Global Industrial Valves Market, By Accessory     
 8.1 Introduction    
 8.2 Dust Protection Covers    
 8.3 Hydraulic Filter    
 8.4 Mounting Screws & Bolts    
 8.5 Power Cable    
 8.6 Seal Kits    
      
9 Global Industrial Valves Market, By Material     
 9.1 Introduction    
 9.2 Alloy Based    
 9.3 Cast Iron    
 9.4 Cryogenic    
 9.5 Ductile & Gray Iron    
 9.6 Carbon Steel    
 9.7 Cast Steel    
 9.8 Stainless Steel    
 9.9 Other Materials    
  9.9.1 Brass   
  9.9.2 Bronze   
  9.9.3 Plastic   
   9.9.3.1 Chlorinated Polyvinyl Chloride (CPVC)  
   9.9.3.2 Polypropylene (PP)  
   9.9.3.3 Polyvinyl Chloride (PVC)  
   9.9.3.4 Polyvinylidene Fluoride (PVD)  
  9.9.4 Aluminium   
  9.9.5 Copper   
  9.9.6 Ethylene Propylene Diene Monomer   
  9.9.7 Nitrile Butadiene Rubber   
  9.9.8 Polyamide   
  9.9.9 Polytetrafluoroethylene   
  9.9.10 Titanium   
      
10 Global Industrial Valves Market, By Type     
 10.1 Introduction    
 10.2 Ball Valves     
  10.2.1 Floating Ball Valves   
  10.2.2 Rising Stem Ball Valves   
  10.2.3 Trunnion Mounted Ball Valves   
 10.3 Butterfly Valves    
  10.3.1 Double Offset Butterfly Valves   
  10.3.2 Triple Offset Butterfly Valves   
  10.3.3 Zero Offset Butterfly Valves   
 10.4 Check Valves    
  10.4.1 Ball Check Valves   
  10.4.2 Dual Plate   
  10.4.3 Piston Lift   
  10.4.4 Spring Loaded Disk   
  10.4.5 Swing Check Valves   
  10.4.6 T Pattern   
  10.4.7 Tilting-Disc Check Valves   
  10.4.8 Y Pattern   
 10.5 Diaphragm Valves    
  10.5.1 Straight Through Valve   
  10.5.2 Weir Type   
 10.6 Gate Valves    
  10.6.1 Knife Gate Valves   
  10.6.2 Parallel Gate Valves   
  10.6.3 Resilient Seated Gate Valves (RSV)   
  10.6.4 Standard Plate Gate Valves   
  10.6.5 Wedge Gate Valves   
 10.7 Globe Valves    
  10.7.1 Angle   
  10.7.2 Tee   
  10.7.3 Wye   
 10.8 Plug Valves    
  10.8.1 Lined   
  10.8.2 Lubricated   
  10.8.3 Non-Lubricated   
 10.9 Other Valve Types    
  10.9.1 Air Valve   
  10.9.2 Automatic Control Valve   
  10.9.3 Float Valve   
  10.9.4 Needle Valves   
  10.9.5 Pinch Valves   
  10.9.6 Pressure Relief Valves   
  10.9.7 Safety Valves   
  10.9.8 Poppet Valve   
  10.9.9 Sleeve Valve   
  10.9.10 Solenoid Valve   
  10.9.11 Double Block Valve   
  10.9.12 Bleed Valve   
      
11 Global Industrial Valves Market, By End User     
 11.1 Introduction    
 11.2 Agriculture    
 11.3 Automotive    
 11.4 Building & Construction    
 11.5 Chemicals    
 11.6 Energy & Power    
 11.7 Food & Beverages    
 11.8 Marine    
 11.9 Metals & Mining    
 11.10 Oil & Gas    
 11.11 Pharmaceuticals & Healthcare    
 11.12 Process Manufacturer    
 11.13 Pulp & Paper    
 11.14 Refinery    
 11.15 Water & Wastewater Treatment    
      
12 Global Industrial Valves Market, By Geography     
 12.1 Introduction    
 12.2 North America    
  12.2.1 US   
  12.2.2 Canada   
  12.2.3 Mexico   
 12.3 Europe    
  12.3.1 Germany   
  12.3.2 UK   
  12.3.3 Italy   
  12.3.4 France   
  12.3.5 Spain   
  12.3.6 Rest of Europe   
 12.4 Asia Pacific    
  12.4.1 Japan   
  12.4.2 China   
  12.4.3 India   
  12.4.4 Australia   
  12.4.5 New Zealand   
  12.4.6 South Korea   
  12.4.7 Rest of Asia Pacific   
 12.5 South America    
  12.5.1 Argentina   
  12.5.2 Brazil   
  12.5.3 Chile   
  12.5.4 Rest of South America   
 12.6 Middle East & Africa    
  12.6.1 Saudi Arabia   
  12.6.2 UAE   
  12.6.3 Qatar   
  12.6.4 South Africa   
  12.6.5 Rest of Middle East & Africa   
      
13 Key Developments     
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 13.2 Acquisitions & Mergers    
 13.3 New Product Launch    
 13.4 Expansions    
 13.5 Other Key Strategies    
      
14 Company Profiling     
 14.1 Alfa Laval    
 14.2 AVK Holding AS    
 14.3 Broer Group    
 14.4 CIRCOR International Inc.    
 14.5 Crane Co.    
 14.6 Curtiss-Wright Corporation    
 14.7 Danfoss AS    
 14.8 Emerson Electric Co.    
 14.9 Georg Fischer Ltd    
 14.10 Flowserve Corporation    
 14.11 General Electric (Baker Hughes)    
 14.12 Hitachi Metals Ltd    
 14.13 Honeywell International Inc.    
 14.14 IMI PLC    
 14.15 ITT Inc.    


List of Tables      
1 Global Industrial Valves Market Outlook, By Region (2019-2028) (US $MN)      
2 Global Industrial Valves Market Outlook, By Product (2019-2028) (US $MN)      
3 Global Industrial Valves Market Outlook, By Multi-Turn Valve (2019-2028) (US $MN)      
4 Global Industrial Valves Market Outlook, By Quarter-Turn Valve (2019-2028) (US $MN)      
5 Global Industrial Valves Market Outlook, By Function (2019-2028) (US $MN)      
6 Global Industrial Valves Market Outlook, By Control/Regulation (2019-2028) (US $MN)      
7 Global Industrial Valves Market Outlook, By Non Return (2019-2028) (US $MN)      
8 Global Industrial Valves Market Outlook, By On-Off/Isolation (2019-2028) (US $MN)      
9 Global Industrial Valves Market Outlook, By Safety Relief (2019-2028) (US $MN)      
10 Global Industrial Valves Market Outlook, By Special Purpose (2019-2028) (US $MN)      
11 Global Industrial Valves Market Outlook, By Size (2019-2028) (US $MN)      
12 Global Industrial Valves Market Outlook, By Up To 1” (2019-2028) (US $MN)      
13 Global Industrial Valves Market Outlook, By 1-6” (2019-2028) (US $MN)      
14 Global Industrial Valves Market Outlook, By 6-25” (2019-2028) (US $MN)      
15 Global Industrial Valves Market Outlook, By 25-50” (2019-2028) (US $MN)      
16 Global Industrial Valves Market Outlook, By 50” and Larger (2019-2028) (US $MN)      
17 Global Industrial Valves Market Outlook, By Accessory (2019-2028) (US $MN)      
18 Global Industrial Valves Market Outlook, By Dust Protection Covers (2019-2028) (US $MN)      
19 Global Industrial Valves Market Outlook, By Hydraulic Filter (2019-2028) (US $MN)      
20 Global Industrial Valves Market Outlook, By Mounting Screws & Bolts (2019-2028) (US $MN)      
21 Global Industrial Valves Market Outlook, By Power Cable (2019-2028) (US $MN)      
22 Global Industrial Valves Market Outlook, By Seal Kits (2019-2028) (US $MN)      
23 Global Industrial Valves Market Outlook, By Material (2019-2028) (US $MN)      
24 Global Industrial Valves Market Outlook, By Alloy Based (2019-2028) (US $MN)      
25 Global Industrial Valves Market Outlook, By Cast Iron (2019-2028) (US $MN)      
26 Global Industrial Valves Market Outlook, By Cryogenic (2019-2028) (US $MN)      
27 Global Industrial Valves Market Outlook, By Ductile & Gray Iron (2019-2028) (US $MN)      
28 Global Industrial Valves Market Outlook, By Carbon Steel (2019-2028) (US $MN)      
29 Global Industrial Valves Market Outlook, By Cast Steel (2019-2028) (US $MN)      
30 Global Industrial Valves Market Outlook, By Stainless Steel (2019-2028) (US $MN)      
31 Global Industrial Valves Market Outlook, By Other Materials (2019-2028) (US $MN)      
32 Global Industrial Valves Market Outlook, By Brass (2019-2028) (US $MN)      
33 Global Industrial Valves Market Outlook, By Bronze (2019-2028) (US $MN)      
34 Global Industrial Valves Market Outlook, By Plastic (2019-2028) (US $MN)      
35 Global Industrial Valves Market Outlook, By Aluminium (2019-2028) (US $MN)      
36 Global Industrial Valves Market Outlook, By Copper (2019-2028) (US $MN)      
37 Global Industrial Valves Market Outlook, By Ethylene Propylene Diene Monomer (2019-2028) (US $MN)      
38 Global Industrial Valves Market Outlook, By Nitrile Butadiene Rubber (2019-2028) (US $MN)      
39 Global Industrial Valves Market Outlook, By Polyamide (2019-2028) (US $MN)      
40 Global Industrial Valves Market Outlook, By Polytetrafluoroethylene (2019-2028) (US $MN)      
41 Global Industrial Valves Market Outlook, By Titanium (2019-2028) (US $MN)      
42 Global Industrial Valves Market Outlook, By Type (2019-2028) (US $MN)      
43 Global Industrial Valves Market Outlook, By Ball Valves (2019-2028) (US $MN)      
44 Global Industrial Valves Market Outlook, By Floating Ball Valves (2019-2028) (US $MN)      
45 Global Industrial Valves Market Outlook, By Rising Stem Ball Valves (2019-2028) (US $MN)      
46 Global Industrial Valves Market Outlook, By Trunnion Mounted Ball Valves (2019-2028) (US $MN)      
47 Global Industrial Valves Market Outlook, By Butterfly Valves (2019-2028) (US $MN)      
48 Global Industrial Valves Market Outlook, By Double Offset Butterfly Valves (2019-2028) (US $MN)      
49 Global Industrial Valves Market Outlook, By Triple Offset Butterfly Valves (2019-2028) (US $MN)      
50 Global Industrial Valves Market Outlook, By Zero Offset Butterfly Valves (2019-2028) (US $MN)      
51 Global Industrial Valves Market Outlook, By Check Valves (2019-2028) (US $MN)      
52 Global Industrial Valves Market Outlook, By Ball Check Valves (2019-2028) (US $MN)      
53 Global Industrial Valves Market Outlook, By Dual Plate (2019-2028) (US $MN)      
54 Global Industrial Valves Market Outlook, By Piston Lift (2019-2028) (US $MN)      
55 Global Industrial Valves Market Outlook, By Spring Loaded Disk (2019-2028) (US $MN)      
56 Global Industrial Valves Market Outlook, By Swing Check Valves (2019-2028) (US $MN)      
57 Global Industrial Valves Market Outlook, By T Pattern (2019-2028) (US $MN)      
58 Global Industrial Valves Market Outlook, By Tilting-Disc Check Valves (2019-2028) (US $MN)      
59 Global Industrial Valves Market Outlook, By Y Pattern (2019-2028) (US $MN)      
60 Global Industrial Valves Market Outlook, By Diaphragm Valves (2019-2028) (US $MN)      
61 Global Industrial Valves Market Outlook, By Straight Through Valve (2019-2028) (US $MN)      
62 Global Industrial Valves Market Outlook, By Weir Type (2019-2028) (US $MN)      
63 Global Industrial Valves Market Outlook, By Gate Valves (2019-2028) (US $MN)      
64 Global Industrial Valves Market Outlook, By Knife Gate Valves (2019-2028) (US $MN)      
65 Global Industrial Valves Market Outlook, By Parallel Gate Valves (2019-2028) (US $MN)      
66 Global Industrial Valves Market Outlook, By Resilient Seated Gate Valves (RSV) (2019-2028) (US $MN)      
67 Global Industrial Valves Market Outlook, By Standard Plate Gate Valves (2019-2028) (US $MN)      
68 Global Industrial Valves Market Outlook, By Wedge Gate Valves (2019-2028) (US $MN)      
69 Global Industrial Valves Market Outlook, By Globe Valves (2019-2028) (US $MN)      
70 Global Industrial Valves Market Outlook, By Angle (2019-2028) (US $MN)      
71 Global Industrial Valves Market Outlook, By Tee (2019-2028) (US $MN)       
72 Global Industrial Valves Market Outlook, By Wye (2019-2028) (US $MN)      
73 Global Industrial Valves Market Outlook, By Plug Valves (2019-2028) (US $MN)      
74 Global Industrial Valves Market Outlook, By Lined (2019-2028) (US $MN)      
75 Global Industrial Valves Market Outlook, By Lubricated (2019-2028) (US $MN)      
76 Global Industrial Valves Market Outlook, By Non-Lubricated (2019-2028) (US $MN)      
77 Global Industrial Valves Market Outlook, By Other Valve Types (2019-2028) (US $MN)      
78 Global Industrial Valves Market Outlook, By Air Valve (2019-2028) (US $MN)      
79 Global Industrial Valves Market Outlook, By Automatic Control Valve (2019-2028) (US $MN)      
80 Global Industrial Valves Market Outlook, By Float Valve (2019-2028) (US $MN)      
81 Global Industrial Valves Market Outlook, By Needle Valves (2019-2028) (US $MN)      
82 Global Industrial Valves Market Outlook, By Pinch Valves (2019-2028) (US $MN)      
83 Global Industrial Valves Market Outlook, By Pressure Relief Valves (2019-2028) (US $MN)      
84 Global Industrial Valves Market Outlook, By Safety Valves (2019-2028) (US $MN)      
85 Global Industrial Valves Market Outlook, By Poppet Valve (2019-2028) (US $MN)      
86 Global Industrial Valves Market Outlook, By Sleeve Valve (2019-2028) (US $MN)      
87 Global Industrial Valves Market Outlook, By Solenoid Valve (2019-2028) (US $MN)      
88 Global Industrial Valves Market Outlook, By Double Block Valve (2019-2028) (US $MN)      
89 Global Industrial Valves Market Outlook, By Bleed Valve (2019-2028) (US $MN)      
90 Global Industrial Valves Market Outlook, By End User (2019-2028) (US $MN)      
91 Global Industrial Valves Market Outlook, By Agriculture (2019-2028) (US $MN)      
92 Global Industrial Valves Market Outlook, By Automotive (2019-2028) (US $MN)      
93 Global Industrial Valves Market Outlook, By Building & Construction (2019-2028) (US $MN)      
94 Global Industrial Valves Market Outlook, By Chemicals (2019-2028) (US $MN)      
95 Global Industrial Valves Market Outlook, By Energy & Power (2019-2028) (US $MN)      
96 Global Industrial Valves Market Outlook, By Food & Beverages (2019-2028) (US $MN)      
97 Global Industrial Valves Market Outlook, By Marine (2019-2028) (US $MN)       
98 Global Industrial Valves Market Outlook, By Metals & Mining (2019-2028) (US $MN)      
99 Global Industrial Valves Market Outlook, By Oil & Gas (2019-2028) (US $MN)      
100 Global Industrial Valves Market Outlook, By Pharmaceuticals & Healthcare (2019-2028) (US $MN)      
101 Global Industrial Valves Market Outlook, By Process Manufacturer (2019-2028) (US $MN)      
102 Global Industrial Valves Market Outlook, By Pulp & Paper (2019-2028) (US $MN)      
103 Global Industrial Valves Market Outlook, By Refinery (2019-2028) (US $MN)      
104 Global Industrial Valves Market Outlook, By Water & Wastewater Treatment (2019-2028) (US $MN)      
      
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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