Industrial Valve Market

Industrial Valve Market Outlook (2024 to 2034)

The global industrial valve market size is projected to increase from a valuation of US$ 78.3 billion in 2024 to US$ 123.9 billion by the end of 2034. Sales of industrial valves have been calculated to increase at a CAGR of 4.7% from 2024 to 2034.

The evolving landscape of industrial manufacturing has heightened the demand for high-quality industrial valves. These valves play an increasingly crucial role in facilitating the movement of gases, liquids, and other substances as industries continue to push the boundaries of innovation.

Integration of advanced technologies such as machine learning (ML), artificial intelligence (AI), and the Internet of Things (IoT) in valve production and design has become indispensable to meet industrial processes' requirements for precision, durability, and safety. These cutting-edge technologies enable modern industries to manage growing complexities, mitigate operational risks, enhance productivity, and optimize overall industrial unit performance, thereby driving industrial valve market growth.

Industrial valves are typically constructed from a variety of materials like metal, rubber, and polymers to prevent liquid leakage through their primary components-the body, stem, and seat. The operational modes distinguish different types of valves, including globe valves, butterfly valves, ball valves, gate valves, plug valves, pinch valves, diaphragm valves, and check valves, which are widely used in the industrial sector.

Market expansion is fueled by several factors, including the construction of new power plants, advancements in industrial equipment performance and lubrication longevity through continuous filtration, and the increased adoption of high-performance industrial valves to optimize production and minimize losses. Recent advancements in materials science and manufacturing processes have enabled newly designed valves to operate effectively under high-pressure and high-temperature conditions.

Demand for industrial valves is being predominantly driven by the oil and gas sector, which extensively employs these valves in upstream, midstream, and downstream processes. Increasing demand for industrial valves from North America and other nations is driven by expanding industrial activities.

Report Attribute	Detail
Industrial Valve Market Size (2024E)	US$ 78.3 Billion
Forecasted Market Value (2034F)	US$ 123.9 Billion
Global Market Growth Rate (2024 to 2034)	4.7% CAGR
Canada Market Growth Rate (2024 to 2034)	4.8% CAGR
China Market Value (2034F)	US$ 17.9 Billion
North America Market Share (2024E)	22.9%
East Asia Market Share (2034F)	29.9%
Key Companies Profiled	Avcon Controls Pvt. Ltd.; Schlumberger Limited; Crane; Emerson Electric Co.; Flowserve Corp.; Forbes Marshall; IMI Plc.; Metso Corporation; Emerson Electric; KITZ Corporation; Schlumberger Limited; Flowserve Corporation; Watts Water Technologies; Weir Group Plc.; Technip FMC Plc.; KSB SE & Co. KGaA; Alfa Laval Corporate.

What is Driving Steady Demand Growth for Industrial Valves?

“Increasing Use of Industrial Valves in Nuclear Power Plants”

Although valves comprise a very small fraction of a power plant, their importance is immense. Major power plants utilize hundreds of valves to regulate the flow of water and steam. Recent advancements in material science and manufacturing processes have enabled newly developed valves to perform optimally under high-pressure and high-temperature conditions.

Control valves play a crucial role in identifying issues and enhancing the overall efficiency of power plants. In nuclear power plants, valves are used for safety-related functions, and it is expected that the construction of new nuclear plants and upgrades to existing ones will increase the demand for valves to protect turbines and boilers from vibration and corrosion.

Piping is a fundamental operation in nuclear power plants, acting as a conduit for the fluids necessary for nuclear energy production and management. Efficient management of fluid flow, valves, and fittings is vital for the smooth operation of the piping system and the prevention of nuclear accidents.

• The near-term outlook for nuclear power in the United States was disrupted by a project plagued by delays and cost overruns, yet it culminated in the commissioning of a new nuclear power plant in Georgia, which began commercial operations on April 30, 2024.

“AI Integration in Industrial Valves Enhancing System Performance in Water Distribution”

AI can be integrated into various applications within a water distribution network. For instance, it can predict future scenarios to manage unexpected events, forecast flow at a specific location and time based on historical data, and choose the best solutions to address specific issues or eliminate bottlenecks.

AI decision-making algorithms use optimization techniques to find the optimal set of parameters that minimize or maximize a numerical objective function. Artificial intelligence aids in implementing contingency plans and procedures by optimizing responses based on the level of risk. These responses can be predefined or determined in real time and may involve actions such as closing certain valves to mitigate the impact of a pipe rupture.

Increasingly, water utilities are recognizing the necessity of incorporating AI to develop decision-making algorithms and corresponding optimization strategies. AI-driven operational analysis enables real-time optimization and regulation of specific components of the water distribution network, such as pumping stations and pressure or flow control valves, thereby reducing energy consumption and effectively monitoring water quality.

What are the Red Flags for Future Market Growth?

“High Capital Investment and Untimed Failure of Valves”

Manufacturers of valves are focusing on finding low-cost production locations as outsourcing has a positive impact on pricing. Even though they are able to cut expenses, other problems like poor quality and delayed delivery are cropping up. Due to higher rejection rates and customer discontent, manufacturers are being forced to modify the supply chain to standardize quality among all of their facilities.

Valve producers have to follow the many certifications and regulations that each location has about valves. This element also leads to variability in product requirements because valves are widely applicable across a range of end-user sectors. This is impeding the expansion of the industrial valve market size as valve manufacturers find it challenging to modify their products following local legislation.

Country-wise Analysis

The market in China is forecasted to expand at a CAGR of 4.8% from 2024 to 2034 and occupy an industrial valve market share of 48.3% in East Asia by the end of 2034.

Which Conditions are Conducive to Market Growth in Canada?

“Surge in Infrastructure Development and Focus on Enhancing Industrial Equipment Performance”

Attribute	Canada
Market Value (2024E)	US$ 1.8 Billion
Growth Rate (2024 to 2034)	4.8% CAGR
Projected Value (2034F)	US$ 2.8 Billion

Surge in infrastructure development-related activities in Canada is a key industrial valve market trend. Growing demand for industrial valves is driven by an increase in infrastructure projects and heightened private participation in infrastructure (PPI).

Market growth is further fueled by enhancements in industrial equipment performance and extended lubricant life achieved through continuous filtration. Moreover, the ongoing use of these systems contributes to reducing production downtime and machinery replacement costs.

What is Positioning Japan at the Forefront of Industrial Valve Production?

“Increasing Use of Industrial Valves in Pharmaceutical Industry”

Attribute	Japan
Market Value (2024E)	US$ 5.9 Billion
Growth Rate (2024 to 2034)	4.9% CAGR
Projected Value (2034F)	US$ 9.5 Billion

The pharmaceutical industry is increasingly utilizing industrial valves to prevent contamination caused by improper chemical handling, thereby driving market growth. Demand for high-quality pharmaceuticals has made the incorporation of industrial valves in the pharmaceutical sector essential.

Category-wise Evaluation

Based on valve type, sales of butterfly valves are evaluated to rise at a CAGR of 4.8% from 2024 to 2034.

Which Valve Type is Accounts for High Usage across End-use Industries?

“Check Valves Preferred for Their Crucial Role in Lowering Risk of Clogging”

Attribute	Check Valves
Segment Value (2024E)	US$ 18.6 Billion
Growth Rate (2024 to 2034)	4.6% CAGR
Projected Value (2034F)	US$ 29.1 Billion

Check valves are ideal for preventing backflow in systems with low or variable flow rates. Their simple design makes them well-suited for handling highly contaminated fluids, as it reduces the likelihood of clogging. When considering valve types with maintenance requirements in mind, check valves are the preferred choice.

Why are Valves Essential for Regulating Flow Rates in the Oil & Gas Industry?

“Role of Valves in Isolating and Protecting Equipment to Ensure Safety of Operations”

Attribute	Oil & Gas
Segment Value (2024E)	US$ 19.8 Billion
Growth Rate (2024 to 2034)	4.7% CAGR
Projected Value (2034F)	US$ 31.2 Billion

Valves are crucial to every piping system, making them indispensable in the oil and gas industry. They are used to direct and control the refining of crude oil, regulate flow rates, and isolate and protect equipment.

Market Competition

The industrial valve market is extremely competitive on a worldwide scale. To hold onto their market position, key players in the industrial valve market are focusing on strategic acquisitions and geographical expansion. They are also launching innovative products such as hydraulic valves and control valves.

• The Crosby J-Series pressure relief valve product line, which Emerson introduced in December 2022, is expected to ensure balanced operation against backpressure to enhance performance and reduce ownership costs. They have bellows leak detection technology, which helps lower volumetric emissions by allowing remote detection of bellows ruptures in the valves.
• KSB SE & Co. KGaA introduced additively produced diaphragm valves consisting of a unique alloyed material in November 2022. The pharmaceutical business is the target market for the newly developed valves.

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

Key Segments of Industrial Valve Market Research

• By Valve Type :

  • Check Valves
    • Dual Plate
    • Piston Lift
    • Spring Loaded Disk
    • Swing Check
    • Tilting Check
    • Y Pattern
    • T Pattern
  • Gates
    • Parallel
    • Wedge
  • Globes
    • Tee
    • Angle
    • Wye
  • Balls
    • Trunnion
    • Floating
    • Threaded Series
  • Plugs
    • Lined
    • Lubricant
    • Non-Lubricated
  • Butterfly
  • Safety Relief
  • Others

• By Material :

  • Cast Steel
  • Carbon Steel
  • Stainless Steel
  • Bronze
  • Other Alloys

• By Function :

  • Manual
  • Automatic

• By End Use :

  • Oil & Gas
  • Chemicals
  • Water & Wastewater Treatment
  • Power Plants
  • Paper & Pulp
  • Others

• By Region :

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