The Industrial Valves Market Growth to reach a value of USD 109.67 billion by 2030, compared to its valuation of USD 77.12 billion in 2022. This market is expected to experience a steady compound annual growth rate (CAGR) of 4.5% during the forecast period from 2023 to 2030.
The Industrial Valves Market has witnessed substantial growth over the years, and this upward trajectory is set to continue in the coming decade. With increasing industrialization and the need for efficient flow control systems, the demand for industrial valves is expected to surge.
By 2030, the market is anticipated to reach a significant milestone, with a valuation exceeding USD 100 billion. This growth can be attributed to several factors, including the rising adoption of automation and digitalization in various industries, such as oil and gas, water and wastewater treatment, and power generation.
Furthermore, the need for enhanced safety measures and strict regulatory requirements in industries has propelled the demand for reliable and technologically advanced industrial valves. These valves play a crucial role in ensuring the smooth operation of processes, preventing leaks, and maintaining optimal flow rates.
The forecasted CAGR of 4.5% indicates a steady and sustainable growth rate for the Industrial Valves Market. This growth can be attributed to the continuous advancements in valve technology, such as the development of smart valves and the integration of IoT (Internet of Things) capabilities. These innovations enable real-time monitoring, remote control, and predictive maintenance, thereby enhancing operational efficiency and reducing downtime.
Geographically, the Asia-Pacific region is expected to dominate the Industrial Valves Market during the forecast period. This can be attributed to the rapid industrialization and infrastructure development in countries like China and India. Additionally, the increasing investments in sectors such as oil and gas, power generation, and water treatment are driving the demand for industrial valves in this region.
KEY MARKET SEGMENTATION
BY TYPE
Ball Valves
Butterfly Valves
Check Valves
Gate Valves
Globe Valves
Diaphragm Valves
Plug Valves
Safety Valves
BY COMPONENT
valve body
Actuators
others
BY MATERIALS
Alloy Based
Bronze
Cast Iron
Brass
Steel
Plastic
Cryogenic
Others
BY SIZE
Less than 1”
6”
7- 25”
26- 50”
More than 50”
BY END-USER
Oil & Gas
Energy & Power
Chemicals
Pulp & Paper
Metals & Mining
Agriculture
Water & Wastewater Treatment
Food & Beverages
Building & Construction
Pharmaceuticals & Healthcare
Others
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Key Players
Here's a list of key players in the industry:
Emerson Electric
Schlumberger
Flowserve Corporation
IMI plc
Neles Corporation
Spirax Sarco Limited
Crane
Conbraco Industries Inc
Kitz Corporation
Trillium Flow Technologies
Bray International
Other Players
Driving Factors
Valve demand is increasing in the healthcare and pharmaceutical industries.
Increasing demand for connected networks to maintain and monitor industrial equipment.
Opportunities
Industrial valves are manufactured using 3D printing.
IIoT and Industry 4.0 applications in industrial valves.
Replacement of obsolete valves and adoption of smart valves are required.
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Table of Contents
Introduction
Research Methodology
Market Dynamics
Impact Analysis
Value Chain Analysis
Porter’s 5 forces model
PEST Analysis
Industrial Valves Market Segmentation, by type
Industrial Valves Market Segmentation, by component
Industrial Valves Market Segmentation, by materials
Industrial Valves Market Segmentation, by sizes
Industrial Valves Market Segmentation, by End-User
Regional Analysis
Company Profile
Competitive Landscape
Conclusion
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