Hydraulic Valve Market

Hydraulic Valve Market Study by Directional Control, Flow Control, Formula 1, and Pressure Control Valves for Agriculture, Automotive, Construction, Metal & Mining, and Oil & Gas, from 2024 to 2034

Analysis of Hydraulic Valve Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Hydraulic Valve Market Outlook (2024 to 2034)

The global hydraulic value market is set to reach a value of US$ 5.89 billion in 2024, according to the recently updated research study conducted by skilled analysts at Fact.MR. The market has been forecasted to climb at 3.8% CAGR and reach US$ 8.56 billion by 2034-end.

Increasing use of hydraulic valves for regularizing fluid flow in hydraulic systems is contributing to their demand growth. They are utilized to divert pressurized fluids, control flow to a particular area, and completely close lines.

Hydraulic valves are utilized in construction machinery to achieve the required functional performance. Dump trucks, graders, loaders, and excavators depend heavily on these pumps for their effective operation. Further, they operate under certain severe conditions. Expansion of the construction industry is attributed to the development of various large-scale infrastructure projects, and therefore, an increase in the demand for construction machinery is being seen.

Growth of the agriculture and automobile sectors is also set to have a positive impact on the demand for hydraulic valves as one of the pivotal systems required for effective functioning. These valves work as a medium to regulate gas and liquid materials for long distances. External factors can contribute to their deterioration. As such, increased demand to change older valves is being seen for pollution control purposes and to avoid any loss.

Rising demand for vehicles along with increased focus on improving fuel efficiency, enhanced safety and performance, and reducing emissions are forecasted to contributing to the growing use of hydraulic valves for maintaining and adjusting the flow rate of hydraulic fluid.

  • North America is evaluated to capture 38.3% of the global hydraulic valve market share by the end of 2034.
  • Sales of hydraulic valves in Japan are approximated to rise at a CAGR of 3.9% from 2024 to 2034.
  • Hydraulic values of 50 to 200 L/min flow rate are calculated to account for 32.4% share of global market revenue by 2034.
Report Attribute Detail
Hydraulic Valve Market Size (2024E) US$ 5.89 Billion
Forecasted Market Value (2034F) US$ 8.56 Billion
Global Market Growth Rate (2024 to 2034) 3.8% CAGR
Market Share of Automated Hydraulic Valves (2034F) 68.1%
East Asia Market Share (2034F) 27.9%
South Korea Market Growth Rate (2024 to 2034) 4.6% CAGR
Key Companies Profiled Emerson Electric; Bermad Water Technologies; Woodward Textron; Bosch Rexroth; Versa Products; Sun Hydraulics; Continental Hydraulics; Pedro Roquet; Curtiss-Wright; Kawasaki Heavy Industries; Parker Hannifin; Oilgear; Daikin Industries; Haskel; Eaton.

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What’s Pushing Global Demand for Hydraulic Valves?

“High Use of Hydraulic Valves from Mining Industry”

In recent years, there has been an increase in the demand for high-quality hydraulic valves for surface and underground mining. Generally, valves are required in the industry for the fire protection systems that are used at mine sites and pump stations. Growing need for cost reduction is set to play a significant role in the mining industry to stay profitable.

Workers find it risky to work in deep mines because of the presence of various harmful gaseous substances along with the potential failure of conventional old equipment because of temperature and pressure due to the transportation of fluid substances. Thus, requirement for specialized parts and equipment, including highly featured hydraulic valves, is being seen.

“Increasing Need for Replacement of Legacy Hydraulic Valves”

Hydraulic valves are used as a medium to regulate the flow of gaseous materials and critical fluids over long distances. They are highly susceptible to deterioration due to several external factors. Unchecked damages can lead to leakages, thus resulting in corrosion, added environmental pollution, and loss of materials.

Replacement of aged valves in industrial and commercial applications, including oil & gas, chemicals & petrochemicals, wastewater and water treatments, and energy & power, is mandatory. Demand for the replacement of hydraulic valves is high from gas distribution companies and refineries for effectively carrying out several tasks.

Why is Hydraulic Valve Market Growth Being Restrained to Some Extent?

“Growing Cost of Raw Materials Restraining Market Growth”

Different materials, including stainless steel, iron, steel, etc., are used in the production of hydraulic valves. These materials don’t come cheap. There are chances of volatile prices of these raw materials under some specific conditions. Their production or manufacturing costs are directly impacted because of the rising prices of raw materials. This instability can adversely impact the end prices of hydraulic valves, which is consequently restraining their sales to some extent.

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Country-wise Insights

This recently updated report by Fact.MR, a market research and competitive intelligence provider, asserts that North America is projected to account for 38.3% share of global market revenue by 2034. Increasing use of hydraulic valves for application in power transmission is contributing to their demand growth in the region. Strong presence of various end-use industries, such as mining, construction, agriculture, etc., in North America, is also driving sales of hydraulic valves.

How is the Market Evolving in the United States?

“Strong Presence of Several End-use Industries in the Country”

Attribute United States
Market Value (2024E) US$ 1.22 Billion
Growth Rate (2024 to 2034) 4.1% CAGR
Projected Value (2034F) US$ 1.82 Billion

The United States is forecasted to hold 76.3% share of the market in North America by 2034-end. End-use industries, including construction, mining, agriculture, etc., are constantly expanding in the United States, which is set to contribute to the rising use of hydraulic systems. Further, some of the key equipment used in agriculture, including farming machinery, tractors, etc., are installed with effective hydraulic systems, which is a key hydraulic valve market trend driving sales growth.

Why is China a Leader in the East Asian Region in Hydraulic Valve Deployment?

“Well-established Automotive and Construction Sectors”

Attribute China
Market Value (2024E) US$ 870.5 Million
Growth Rate (2024 to 2034) 3.9% CAGR
Projected Value (2034F) US$ 1.27 Billion

China is calculated to occupy 53.2% share of the East Asian market by the end of 2034. The country has a well-established automotive industry, which generates high demand for hydraulic valves. Shock absorbers, drive systems, brakes, and power steering in heavy and commercial vehicles require hydraulic systems, which is contributing to the growing use of hydraulic valves.

Various types of hydraulic machines, including excavators, bulldozers, tractor scrapers, etc., need to perform with improved efficiency when operating at multiple process parameters. Hydraulic valves play a crucial role in these systems and are therefore installed significantly in these end-use sectors.

Category-wise Insights

Flow control valves are widely utilized in the oil & gas industry due to their crucial role in piping systems. These valves are used for the regulation and control of liquid or gas flow in a system. These flow control valves assist in monitoring and regulating pressure fluctuations in the system. Further, they are also utilized for isolating and protecting equipment and controlling refining procedures of crude oil. With growing demand for oil & gas, requirement for deeper drilling pipelines will increase, thereby complementing target market expansion.

Hydraulic Valves of Which Flow Rate are Gaining Prominence?

“Rising Demand for Hydraulic Valves of 50 to 200 L/min Flow Rate”

Attribute 50 to 200 L/min
Segment Value (2024E) US$ 1.87 Billion
Growth Rate (2024 to 2034) 4% CAGR
Projected Value (2034F) US$ 2.77 Billion

Hydraulic valves of 50 to 200 L/min flow rate are approximated to capture a share of 32.4% of global market revenue by 2034. Hydraulic valves of this flow rate are exhibiting increased demand with the expansion of industrial infrastructure, particularly water treatment, oil & gas, energy, etc.

Why are Automated Hydraulic Valves Commonly Used?

“Increased Stability and Efficiency of Automated Hydraulic Valves”

Attribute Automated
Segment Value (2024E) US$ 4.03 Billion
Growth Rate (2024 to 2034) 3.8% CAGR
Projected Value (2034F) US$ 5.83 Billion

Automated hydraulic valves are evaluated to account for 68.1% share of the global market by the end of 2034. Automated operations are becoming more popular because of the high-performance ratio and ease of implementation in electronics. Automated systems require less maintenance and are more affordable. Their efficiency and stability compared to manual systems are contributing to the expanding hydraulic valve market size.

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Competitive Landscape

The market is fragmented with the involvement of global and regional companies in industrial valve manufacturing. Key players in the hydraulic valve market are focusing on targeting various end-use industries, including power plants, chemicals, oil & gas, etc. Moreover, active involvement of these market players in the supply of quality products, new product development, and effective management of supply chain systems are bolstering market expansion.

For instance :

  • In February 2022, Emerson expanded its footprint in India with the opening of a facility for integrated manufacturing in Mahindra World City, Chennai. This manufacturing center will produce industrial products for fluid control and pneumatic products, including hydraulic valves.

Fact.MR provides detailed information about the price points of key manufacturers of hydraulic valves positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.

Segmentation of Hydraulic Valve Market Research

  • By Type :

    • Directional Control Valves
    • Flow Control Valves
    • Formula 1
    • Pressure Control Values
  • By Flow Rate :

    • Below 50 L/min
    • 50 to 200 L/min
    • 201 to 500 L/min
    • 501 to 1,000 L/min
    • Above 1,000 L/min
  • By Operation :

    • Automated
    • Manual
  • By End-use Industry :

    • Agricultural Machinery
    • Automotive
    • Construction Machinery
    • Material Handling
    • Metal & Mining
    • Oil & Gas
    • Power Generation
  • By Region :

    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • East Asia
    • South Asia & Pacific
    • MEA

- FAQs -

What is the size of the hydraulic valve market in 2024?

The global hydraulic valve market is calculated at US$ 5.89 billion in 2024.

What are the sales projections for hydraulic valves for 2034?

Worldwide demand for hydraulic valves is forecasted to reach a market value of US$ 8.56 billion by 2034.

At what CAGR is the demand for hydraulic valves forecasted to increase?

The global market is approximated to advance at a CAGR of 3.8% from 2024 to 2034.

What is the contribution of North America to global market revenue?

North America is evaluated to capture a market share of 38.3% by 2034-end.

At what rate is the demand for hydraulic valves forecasted to increase in South Korea?

The market for hydraulic valves in South Korea is projected to rise at a 4.6% CAGR from 2024 to 2034.

How much share of the global market are automated hydraulic valves projected to hold?

Automated hydraulic valves are analyzed to account for 68.1% share of global market revenue by 2034.

Name some of the leading manufacturers of hydraulic valves.

Key manufacturers of hydraulic valves are Bosch Rexroth, Versa Products, Sun Hydraulics, Continental Hydraulics, and Pedro Roquet.

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Hydraulic Valve Market