Report Scope & Overview:
The Industrial Valves Market Size will be valued at USD 114 billion by 2031 and it was valued at USD 79.86 billion in 2023, growing at a CAGR of 4.5% over the forecast period 2024-2031.
Provide rules and guidelines and control of vapors, liquids, slurries, gases, etc. in industrial processes, using industrial valves. These are usually made using stainless steel, exposed metal, carbon steel, and other metal alloys. Ensures effective and efficient flow control in various industries such as chemicals, food and beverage, oil and energy, water and wastewater, and many more. The market for industrial valves is growing at a tremendous rate worldwide.
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MARKET DYNAMICS:
KEY DRIVERS:
Valve demand is increasing in the healthcare and pharmaceutical industries.
Increasing demand for connected networks to maintain and monitor industrial equipment.
RESTRAINTS:
Absence of standardized policies.
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.
CHALLENGES:
Unplanned downtime due to valve malfunction or failure.
Increased collaboration among industry participants.
Local manufacturers provide low-cost valves.
IMPACT OF COVID-19:
COVID-19 has had a severe impact on the global economy as well as all industries. Governments in several countries have established borders to stop the plague from spreading. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.
The global epidemic of COVID-19 has affected a large number of people. Many people have lost their lives as a result of this global epidemic. It has affected the flexibility and growth of several industries. During the ban, various industrial activities of end users were suspended which led to a reduction in the market demand for industrial valves leading to a decrease in sales revenue. Supply chain networks are also disrupted which has led to a decline in interest rates. However, the industrial valve market is expected to recover from this global epidemic by the end of the third quarter of next year by strategizing according to market needs.
By Type, the industrial valve market is segmented into Ball Valves, Butterfly Valves, Check Valves, Gate Valves, Globe Valves, Diaphragm Valves, Plug Valves, and Safety Valves. The largest market share in the type dividend is held by plug valves due to increased demand in chemical companies especially in the European and Asia-Pacific region.
By Materials, the industrial valve market is segmented into Alloy Based, Bronze, Cast Iron, Brass, Steel, Plastic, Cryogenic, and Others. The largest market share in the material sector is dominated by cryogenic material due to the increasing demand for valves made of this material in the chemical, oil & gas industries.
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
Food & Beverages
Building & Construction
Pharmaceuticals & Healthcare
Others
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REGIONAL ANALYSIS:
The industrial valve market is divided worldwide based on the North American region, the Asia-Pacific region, the European region, the Latin American region, and the Middle East and the African region. The largest market share of the industrial valve market is the Asia-Pacific region, which is used to drive market demand in the region. The second largest market share in the industrial valve market is occupied by the Middle East and Africa region as the region is an oil-producing region and it is expected that the oil and gas industry will grow rapidly in the global market and production will grow rapidly. increase multiple wraps in the predicted time. The North American region holds the third largest market share in the industrial valve market due to the presence of key players who drive market demand in this region. In addition, increasing the use of industrial valves in various consumer industries also drives market demand. The European region also shows a positive growth rate in the industrial valve market due to the presence of well-developed technological infrastructure. However, the small market share is dominated by the Latin American region due to the per capita income and inadequate infrastructure.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
KEY PLAYERS:
The key players in industrial valves are 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.
Schlumberger-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 79.86 Billion |
| Market Size by 2031 | US$ 114 Billion |
| CAGR | CAGR of 4.5% From 2024 to 2031 |
| Base Year | 2022 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • 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”, 1- 6”, 7- 25”, 26- 50”, More Than 50”) • By End-Users (Oil & Gas, Energy & Power, Chemicals, Pulp & Paper, Metals & Mining, Agriculture, Water & Wastewater Treatment, Food & Beverages, Building & Construction, Pharmaceuticals & Healthcare, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of the Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Emerson Electric, Schlumberger, Flowserve Corporation, IMI plc, Neles Corporation, Spirax Sarco Limited, Crane, Conbraco Industries Inc, Kitz Corporation, Trillium Flow Technologies, Bray International, and Others. |
| Key Drivers | • Valve demand is increasing in the healthcare and pharmaceutical industries. • Increasing demand for connected networks to maintain and monitor industrial equipment. |
| Restraints | • Absence of standardized policies. |
The market size will be valued at USD 114 billion by 2031, and grow at a CAGR of 4.52% over the forecast period 2024-2031.
The market has been segmented with respect to type, component, material, size and End-user.
The key players in industrial valves are Emerson Electric, Schlumberger, Flowserve Corporation, IMI plc, Neles Corporation, Spirax Sarco Limited, Crane, Conbraco Industries Inc, Kitz Corporation, Trillium Flow Technologies, Bray international and Others.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Industrial Valves Market Segmentation, by type
8.1Introduction
8.2 Ball Valves
8.3 Butterfly Valves
8.4 Check Valves
8.5 Gate Valves
8.6 Globe Valves
8.7 Diaphragm Valves
8.8 Plug Valves
8.9 Safety Valves
9. Industrial Valves Market Segmentation, by component
9.1 Introduction
9.2 valve body
9.3 Actuators
9.4 others
10. Industrial Valves Market Segmentation, by materials
10.1 Introduction
10.2 Alloy Based
10.3 Bronze
10.4 Cast Iron
10.5 Brass
10.6 Steel
10.7 Plastic
10.8 Cryogenic
10.9 Others
11. Industrial Valves Market Segmentation, by size
11.1 Introduction
11.2 Less than 1”
11.3 1- 6”
11.4 7- 25”
11.5 26- 50”
11.6 More than 50”
12. Industrial Valves Market Segmentation, by End-User
12.1 Introduction
12.2 Oil & Gas
12.3 Energy & Power
12.4 Chemicals
12.5 Pulp & Paper
12.6 Metals & Mining
12.7 Agriculture
12.8 Water & Wastewater Treatment
12.9 Food & Beverages
12.10 Building & Construction
12.11 Pharmaceuticals & Healthcare
12.12Others
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14.Company Profiles
14.1 Spirax Sarco Limited
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Emerson Electric
14.3 Schlumberger
14.4 Flowserve Corporation
14.5 IMI plc
14.6 Neles Corporation
14.7 Crane
14.8 Conbraco Industries Inc
14.9 Kitz Corporation
14.10 Trillium Flow Technologies
14.11 Bray International
14.12 Others
15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share Analysis
15.3 Recent Developments
16. Conclusion
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