Industrial Valves Market Report Scope & Overview:
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The Industrial Valves Market Size will be valued at USD 83.55 billion by 2032 and it was valued at USD 125.68 billion in 2023, growing at a CAGR of 4.64% over the forecast period 2024-2032. This report on the Industrial Valves Market provides unique insights into the adoption of advanced valve technologies, focusing on regional trends and regulatory influences shaping market dynamics. It explores key technological advancements, such as the integration of smart control systems and automation in valve operations. The report also highlights changing demand patterns across industries like oil & gas, water treatment, and power generation. Additionally, it offers a comprehensive view of global trade movements and emerging trends in valve applications across various sectors.
MARKET DYNAMICS
DRIVERS
The industrial valves market is growing due to rising oil & gas exploration, automation, and stringent safety regulations.
The industrial valves market is witnessing significant growth, driven by the expanding oil & gas sector. With exploration and production activities on the rise, especially in offshore and shale gas fields, the demand for high-performance valves to control flow, pressure, and safety for critical and complex pipeline infrastructure continues to increase. Growth in the refining and petrochemical infrastructure investment market is also accelerating, amid an increase in global energy consumption. Smart valve installation with real-time monitoring to enhance operational efficiency and minimize downtime is boosted by the trend toward digitalization and automation in oil & gas operations. Strict safety and environmental regulations are increasingly attracting the need for the latest control valves with low emissions and leakage.
RESTRAINT
Industrial valves require high upfront costs for procurement and installation, along with ongoing expenses for maintenance and repairs to ensure optimal performance.
Industrial valves demand a high initial investment due to their complex design, precision engineering, and the use of high-quality materials like stainless steel, brass, and alloy-based components. Reduces Capital Cost Automated and smart valves and other advanced valve technologies also add costs to the valve due to integrated sensors and control systems. Beyond that, periodic maintenance is critical to optimized performance, leakage prevention, and meeting industry safety regulations. Routine inspections, part replacements, and system upgrades increase operational costs. In industries such as oil & gas, power generation, and chemicals, the cost of downtime and repairs caused by valve failure operating under adverse conditions can be huge. Besides, maintenance demands specialized labor and skilled technicians that contribute to long-term costs. Though high-quality valves provide long-term durability and efficiency, the high initial and ongoing costs incur a restraint, especially for small and medium enterprises, hence limiting the universal utilization by necessitating the planning of their budget around strategic direction.
OPPORTUNITIES
The adoption of smart valves and IoT integration enhances operational efficiency, predictive maintenance, and real-time monitoring, driving growth in the industrial valves market.
The adoption of smart valves and IoT integration is a key growth driver in the industrial valves market, fueled by the rise of Industry 4.0 and digital transformation. Smart valves come with integrated sensors and communication capabilities, enabling them to deliver real-time analytics and data to operators. This allows for more effective monitoring, controlling, and prediction of maintenance, minimizing downtime, and maximizing performance. The Internet of Things (IoT) has revolutionized how we interact with smart devices, and smart valves are no exception; by integrating with IoT technology, these valves can work alongside other devices and systems to create a connected network that promotes automation and allows operators to make more informed decisions. This trend stems from the growing need for energy effectiveness, lower functional expenses, and enhanced resource management in sectors such as oil & gas, water treatment, and power generation. Smart valves are likely to witness considerable market growth due to the increased adoption of digital technologies across industries, providing better control and data-driven decisions.
CHALLENGES
Supply chain disruptions, driven by geopolitical tensions, trade restrictions, and material shortages, lead to delays, increased costs, and operational challenges in industrial valve production and distribution.
Supply chain disruptions have become a significant challenge for the industrial valves market, primarily driven by geopolitical tensions, trade restrictions, and material shortages. Geopolitical factors like trade wars and sanctions or conflicts delay or increase the cost of procurement of raw materials and components that affect manufacturing schedules. Disruptions in key supplier countries can threaten the supply of critical materials, including steel and alloy, both vital in valve production, for example. Trade restrictions also complicate things, with international shipments experiencing higher tariffs or being stopped entirely. This has led to varying availability of products which open companies to both competitive disadvantages and customer dissatisfaction. Consequently, manufacturers have had to implement alternative sourcing strategies, and these can substantially drive up a business' overall operating costs.
SEGMENTATION ANALYSIS
By Type
The Ball Valves segment dominated with a market share of over 32% in 2023, due to their versatility and wide adoption across key industries, including oil and gas, water treatment, and chemical processing. They are appreciated for their durability and reliability, as well as for their sealing performance in harsh environments. They are especially well suited to high-pressure applications and high-flow systems, where they provide smooth, efficient control of the flow of liquid or gas. They are beneficial due to their ability to resist extreme pressures and temperatures, and their simple design makes them a popular option for a range of industrial purposes. With every passing year as the world becomes industrialized further, the need for excellent flow control systems in these industries gains momentum and ball valves remain ever popular.
By Material
The Steel valves segment dominated with a market share of over 34% in 2023, due to their exceptional durability, strength, and versatility. Steel valves are made to resist high-pressure, high-temperature, and severe working environment, so they are an ideal selection for industries including oil & gas, chemical, power, and water treatment. They are widely used because they provide consistent performance in critical applications where safety and efficiency are of utmost importance. Steel valves are also mostly used due to their long service life, are cost-effective in the long run, and can handle a variety of media from liquids to gases. Due to these characteristics, steel valves are often chosen in various industries that need strong and durable valve solutions.
By End-User
The Oil & Gas segment dominated with a market share of over 32% in 2023, due to the critical role valves play in exploration, production, and transportation processes. Upstream valves control the flow of oil and gas at every stage in transmission and storage, especially at sites in, out, and throughout a pipeline, refinery, or other facility. Valves are devices that regulate the pressure and flow of materials by safely opening or closing the pipeline in the oil & gas industries preventing leaks and accidents in exploration. They regulate the flow of raw materials and fluids from the reservoir to treatment units during production. Similarly, valves also enable the safe and effective transportation of oil and gas through pipelines. The rising energy demand globally and the complexity of oil and gas operations are driving the ongoing need for industrial valves in this vertical.
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KEY REGIONAL ANALYSIS
Asia-Pacific region dominated with a market share of over 36% in 2023, due to its robust industrial growth, particularly in manufacturing, oil and gas, and power generation sectors. The industrial valve market is another dynamic that is taking place in this region, as both urbanization and infrastructure in the region take place at a rapid pace and require industrial valves for controlling fluid flow, pressure, and temperature in industrial processes. China is the factory of the world and India is seeing significant growth in industrial sectors, thus both countries are major contributors. These countries have also grown energy and power industries, which will further increase the demand for industrial valves in pipelines, refineries, and power plants. Furthermore, with growing emphasis on enhancing infrastructure and implementing advanced technology across the region will boost industry demand for high-performance industrial valves, assuring its leading domain.
North America is experiencing rapid growth in the industrial valves market, largely due to continuous technological advancements and increased investments in infrastructure. The growth of oil and gas, water treatment, and chemicals in the region drives the demand for high-quality, reliable industrial valves for their operations. This growth is chiefly driven by investments in energy, utilities, and manufacturing in the U.S. and Canada. Other innovative technologies like smart valves, and automatizations are upgrading the functioning as well as efficiency of industrialized systems thus enhancing the demand of the market. With the modernization and expansion of industries, demand for sophisticated valve solutions is booming, making North America the fastest-growing market in the Valve industry.
Some of the major key players in the Industrial Valves Market
Emerson Electric (Control valves, pressure relief valves, flow control valves)
Schlumberger (Ball valves, gate valves, choke valves)
Flowserve Corporation (Globe valves, check valves, butterfly valves)
IMI plc (Pneumatic control valves, motorized valves, actuators)
Neles Corporation (Rotary valves, control valves, valve automation solutions)
Spirax Sarco Limited (Steam valves, pressure-reducing valves, trap valves)
Crane (Pressure relief valves, ball valves, gate valves)
Conbraco Industries Inc (Bronze ball valves, brass valves, check valves)
Kitz Corporation (Stainless steel valves, gate valves, ball valves)
Trillium Flow Technologies (Gate valves, check valves, globe valves)
Bray International (Butterfly valves, ball valves, control valves)
Emerson Process Management (Pressure relief valves, control valves, isolation valves)
Swagelok (Ball valves, check valves, needle valves)
Pentair (Ball valves, actuator valves, check valves)
Cameron (Schlumberger) (Wellhead valves, ball valves, gate valves)
Danfoss (Pressure relief valves, check valves, globe valves)
Tyco International (Ball valves, check valves, pressure regulating valves)
GE Oil & Gas (Actuated valves, control valves, isolation valves)
Honeywell (Pressure relief valves, control valves, pneumatic actuators)
Val-Matic Valve & Manufacturing Corporation (Butterfly valves, check valves, air valves)
Suppliers for (ball, gate, plug, needle, butterfly, and globe valves for oil, gas, chemical, power, and utility industries) on Industrial Valves Market
Citizen Metals Pvt. Ltd.
VIP Valves (India) Pvt. Ltd.
Delta Fittings
Sahyadri Industrial Traders
Ganesh Industries
Aira & Cair Valves Automation
Soltech Pumps & Equipment Pvt. Ltd.
Flowjet Valves Pvt. Ltd.
Freture Techno Pvt. Ltd.
KSB SE & Co. KGaA
RECENT DEVELOPMENT
In October 2024: Flowserve Corporation acquired MOGAS Industries, a leading manufacturer of severe service isolation valves for diverse end-markets. This acquisition strengthens Flowserve’s severe service portfolio and expands its presence in key growth sectors such as mining, mineral extraction, and process industries.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 83.55 Billion |
| Market Size by 2032 | USD 125.68 Billion |
| CAGR | CAGR of 4.64% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| 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 Material (Alloy Based, Bronze, Cast Iron, Brass, Steel, Plastic, Cryogenic, Others) • By End-User (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 (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, 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, Emerson Process Management, Swagelok, Pentair, Cameron (Schlumberger), Danfoss, Tyco International, GE Oil & Gas, Honeywell, Val-Matic Valve & Manufacturing Corporation. |
Ans: The Industrial Valves Market is expected to grow at a CAGR of 4.64% during 2024-2032.
Ans: The Industrial Valves Market was USD 83.55 billion in 2023 and is expected to Reach USD 125.68 billion by 2032.
Ans: The industrial valves market is growing due to rising oil & gas exploration, automation, and stringent safety regulations.
Ans: The “Ball Valves” segment dominated the Industrial Valves Market.
Ans: Asia-Pacific dominated the Industrial Valves Market in 2023
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics
4.1 Market Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Adoption Rates of Gas Detection Technologies, by Region (2020-2023)
5.2 Technological Advancements and Trends in Gas Detection, by Region
5.3 Regulatory and Compliance Trends, by Region (2020-2023)
5.4 Demand and Usage Patterns in Key Industries (2020-2023)
5.5 Export/Import Data of Gas Detection Equipment, by Region (2023)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Industrial Valves Market Segmentation, By Type
7.1 Chapter Overview
7.2 Ball Valves
7.2.1 Ball Valves Market Trends Analysis (2020-2032)
7.2.2 Ball Valves Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Butterfly Valves
7.3.1 Butterfly Valves Market Trends Analysis (2020-2032)
7.3.2 Butterfly Valves Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Check Valves
7.4.1 Check Valves Market Trends Analysis (2020-2032)
7.4.2 Check Valves Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Gate Valves
7.5.1 Gate Valves Market Trends Analysis (2020-2032)
7.5.2 Gate Valves Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Globe Valves
7.6.1 Globe Valves Market Trends Analysis (2020-2032)
7.6.2 Globe Valves Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Diaphragm Valves
7.7.1 Diaphragm Valves Market Trends Analysis (2020-2032)
7.7.2 Diaphragm Valves Market Size Estimates and Forecasts to 2032 (USD Billion)
7.8 Plug Valves
7.8.1 Plug Valves Market Trends Analysis (2020-2032)
7.8.2 Plug Valves Market Size Estimates and Forecasts to 2032 (USD Billion)
7.9 Safety Valves
7.9.1 Safety Valves Market Trends Analysis (2020-2032)
7.9.2 Safety Valves Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Industrial Valves Market Segmentation, By Material
8.1 Chapter Overview
8.2 Alloy Based
8.2.1 Alloy Based Market Trends Analysis (2020-2032)
8.2.2 Alloy Based Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Bronze
8.3.1 Bronze Market Trends Analysis (2020-2032)
8.3.2 Bronze Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Cast Iron
8.3.1 Cast Iron Market Trends Analysis (2020-2032)
8.3.2 Cast Iron Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Brass
8.3.1 Brass Market Trends Analysis (2020-2032)
8.3.2 Brass Market Size Estimates and Forecasts to 2032 (USD Billion)
8.6 Steel
8.3.1 Steel Market Trends Analysis (2020-2032)
8.3.2 Steel Market Size Estimates and Forecasts to 2032 (USD Billion)
8.7 Plastic
8.7.1 Plastic Market Trends Analysis (2020-2032)
8.7.2 Plastic Market Size Estimates and Forecasts to 2032 (USD Billion)
8.8 Cryogenic
8.8.1 Cryogenic Market Trends Analysis (2020-2032)
8.8.2 Cryogenic Market Size Estimates and Forecasts to 2032 (USD Billion)
8.9 Others
8.9.1 Others Market Trends Analysis (2020-2032)
8.9.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Industrial Valves Market Segmentation, By End-User
9.1 Chapter Overview
9.2 Oil & Gas
9.2.1 Oil & Gas Market Trends Analysis (2020-2032)
9.2.2 Oil & Gas Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Energy & Power
9.3.1 Energy & Power Market Trends Analysis (2020-2032)
9.3.2 Energy & Power Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Chemicals
9.4.1 Chemicals Market Trends Analysis (2020-2032)
9.4.2 Chemicals Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Pulp & Paper
9.5.1 Pulp & Paper Market Trends Analysis (2020-2032)
9.5.2 Pulp & Paper Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Metals & Mining
9.6.1 Metals & Mining Market Trends Analysis (2020-2032)
9.6.2 Metals & Mining Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Agriculture
9.7.1 Agriculture Market Trends Analysis (2020-2032)
9.7.2 Agriculture Market Size Estimates and Forecasts to 2032 (USD Billion)
9.8 Water & Wastewater Treatment
9.8.1 Water & Wastewater Treatment Market Trends Analysis (2020-2032)
9.8.2 Water & Wastewater Treatment Market Size Estimates and Forecasts to 2032 (USD Billion)
9.9 Food & Beverages
9.9.1 Food & Beverages Market Trends Analysis (2020-2032)
9.9.2 Food & Beverages Market Size Estimates and Forecasts to 2032 (USD Billion)
9.10 Building & Construction
9.10.1 Building & Construction Market Trends Analysis (2020-2032)
9.10.2 Building & Construction Market Size Estimates and Forecasts to 2032 (USD Billion)
9.11 Pharmaceuticals & Healthcare
9.11.1 Pharmaceuticals & Healthcare Market Trends Analysis (2020-2032)
9.11.2 Pharmaceuticals & Healthcare Market Size Estimates and Forecasts to 2032 (USD Billion)
9.12 Others
9.12.1 Others Market Trends Analysis (2020-2032)
9.12.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Industrial Valves Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.2.4 North America Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.2.5 North America Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.2.6.2 USA Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.2.6.3 USA Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.2.7.2 Canada Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.2.7.3 Canada Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.2.8.3 Mexico Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Industrial Valves Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.1.6.3 Poland Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.1.7.3 Romania Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Industrial Valves Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.2.5 Western Europe Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.2.6.3 Germany Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.7.2 France Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.2.7.3 France Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.2.8.3 UK Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.2.9.3 Italy Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.2.10.3 Spain Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.2.13.3 Austria Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4 Asia-Pacific
10.4.1 Trends Analysis
10.4.2 Asia-Pacific Industrial Valves Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia-Pacific Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.4 Asia-Pacific Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.4.5 Asia-Pacific Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.6.2 China Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.4.6.3 China Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.7.2 India Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.4.7.3 India Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.8.2 Japan Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.4.8.3 Japan Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.4.9.3 South Korea Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.4.10.3 Vietnam Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.4.11.3 Singapore Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.12.2 Australia Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.4.12.3 Australia Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.4.13 Rest of Asia-Pacific
10.4.13.1 Rest of Asia-Pacific Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia-Pacific Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia-Pacific Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Industrial Valves Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.5.1.5 Middle East Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.5.1.6.3 UAE Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Industrial Valves Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.2.4 Africa Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.5.2.5 Africa Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Industrial Valves Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.6.4 Latin America Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.6.5 Latin America Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.6.6.3 Brazil Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.6.7.3 Argentina Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.6.8.3 Colombia Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Industrial Valves Market Estimates and Forecasts, By Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Industrial Valves Market Estimates and Forecasts, By Material (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Industrial Valves Market Estimates and Forecasts, By End User (2020-2032) (USD Billion)
11. Company Profiles
11.1 Emerson Electric
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Schlumberger
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Flowserve Corporation
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 IMI plc
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Neles Corporation
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Spirax Sarco Limited
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Crane
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Conbraco Industries Inc
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Kitz Corporation
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Trillium Flow Technologies
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
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By Type
Ball Valves
Butterfly Valves
Check Valves
Gate Valves
Globe Valves
Diaphragm Valves
Plug Valves
Safety Valves
By Material
Alloy Based
Bronze
Cast Iron
Brass
Steel
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Cryogenic
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The Commercial Refrigeration Equipment Market Size was valued at USD 39.88 Billion in 2023 and is expected to reach USD 65 Billion by 2032 and grow at a CAGR of 5.58 % over the forecast period 2024-2032.
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