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
Industrial Valves Market
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.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 48.10billion |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
14.3% |
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Predicted 2028 Value: |
USD 140.12 billion |
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Forecast Years: |
2021-2028 |
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Tables, Graphs& Figures |
630 |
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Chapters Covered: |
Product, Function, Size, Accessory, Material, Type, End User and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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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.
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 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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