The global industrial valves market size is predicted to be worth around $107.4 billion in 2028, from $86.3 billion in 2020, growing at a CAGR of 3.7% from 2021 to 2028. Industrial valves are used in process industries for direction, regulation, and control of gases, slurries, liquids, vapors, and others. Industrial valves are mainly manufactured using carbon steel, cast iron, stainless steel, and other high functioning metal alloys to obtain efficient flow control in industries such as water &waste water, oil & power, food & beverages, chemicals, and others. Moreover, a valve mainly consists of a main body, a stem, and a seat that are generally manufactured using different materials including polymers, rubber, metals, and others to avoid wastage of liquid flowing through the valve. Valves are mainly differentiated by their operating mechanisms. The most widely used valves in industries are globe valves, butterfly valves, ball valves, gate vales, plug valves, pinch valves, diaphragm valves, and check valves.
Automation in control valves has made major advancements, owing to growing emphasis on precise positioning and automation of industrial valves. Control valves include the use of a valve positioner, which converts electrical signals to pneumatics signals to control the actuator of the valve. Thus, the automation in the valve positioner offers more efficiency, reduced energy consumption, and more reliability, which in turn drives the growth of the industrial valves market globally. Furthermore, the oil & gas industry is the largest consumer of industrial valves globally, and includes the use of industrial valves in downstream, midstream, and upstream process applications. Rise in demand for industrial valves in North America boosts the need for importing industrial valves from other countries; thereby, driving the growth of the market. Moreover, the food & beverages processing industry is largely saturated in the developed countries, including the European Union countries, the U.S., and China. However, the rise in demand for food from developing nations such as Brazil, India, and others boosts the agriculture industry, which in turn fuels the growth of the food & beverage processing industry. This is further expected to drive the demand for industrial valves; thereby, fostering the growth of the industrial valves industry.
However, the U.S. administration increased the tariffs on derivative aluminum and steel imports, effective from February 8, 2020. This hike includes 25% surge on steel and 10% surge on aluminum imports, which has negatively affected the U.S. manufacturing sector. Although the tariff is aimed at gaining more revenues from imports, the global trade for industrial valves has been affected negatively. Industrial valves manufacturing utilizes steel on a large scale, and the tariff on steel is anticipated to hinder the growth of the market.
COVID-19 pandemic has shut-down the production and sales of various products in the industrial valves industry, mainly owing to the prolonged lockdown in major global countries including the U.S., Italy, the UK, and others. This has hampered the growth of industrial valves market significantly within the last few months, as is likely to continue during 2020.
On the contrary, the integration of artificial intelligence and internet of things (IoT) in manufacturing processes under the “Industry 4.0” up gradation is anticipated to provide lucrative opportunities for the growth of the market globally.
COVID EFFECTS ON MAJOR END-USER INDUSTRIES:
Oil & gas is one of the key industries that utilize a valve. The oil & gas sector has been seriously affected by the COVID-19 pandemic, with oil prices crashing like never before. Major oil companies run out of storage space for produced oil, and demand is on a downward trend.
The water & wastewater treatment and energy & power industries sectors are also facing a decline in demand for the industrial valve. There is a limitation on foreign trades to take precautionary measures for public health and safety due to the closure of international borders, non-operational distribution networks, and various government regulations. Nevertheless, due to the increase in people's desire for a healthier and safer lifestyle, there is expected to be a growing emphasis on hygiene and sanitation.
The on-off / isolation valves hold the largest industrial valve market share in 2025, due to their ability to meet strict shut-off criteria across different industries. The on-off / isolation valves are one of the most important and essential elements of modern society. The on-off / isolation valves are used in practically all manufacturing processes and every energy generation and supply network.
In 2019, industrial steel valves held the largest market share. The rising demand for high-quality industrial valves in food & beverages, chemicals, pharmaceuticals, and metals & mining industries to mitigate the contamination threat currently drives demand for industrial steel valves.
Based on the region, North America is expected to hold the largest industrial valve market share. North America is a major industrial valve market, with some of the largest multinational companies in the world, including Emerson (US), Cameron-Schlumberger (US), Flowserve Corporation (US), Crane Co. (US). One of the key factors driving the North American market is the growing R&D activities in the area related to the use of actuators in the valves for automation and the rising demand for safety applications. Increasing demand for industrial valves in North America is increasing the need to import industrial valves from other countries, thereby driving the market growth.
The key market players profiled in the report include AVK Holding A/S, Avcon Controls Private Limited, Schlumberger Limited, Crane Co., Emerson Electric Co., Flowserve Corporation, Forbes Marshall, IMI plc, Metso Corporation, and The Weir Group plc.
Global Industrial Valves Market Segments
By Material Type
By Valve Type
The Industrial valves market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Industrial valves market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Industrial valves market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Industrial valves market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Industrial valves market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Industrial valves capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Industrial valves by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Industrial valves market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Industrial valves market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Industrial valves market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Industrial valves industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Industrial valves market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Industrial valves market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Industrial valves market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Industrial valves market. These factors have benefited the growth of the global market for Industrial valves. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Industrial valves. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Industrial valves are as follows:
History Year: 2017-2020
Base Year: 2020
Forecast Year 2021 to 2028
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.
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