Industrial Valve Market
Industrial Valve Market Study by Check Valves, Gates, Globes, Balls, Plugs, Butterfly, and Safety Relief for Oil & Gas, Chemicals, Water Treatment, Power Plants, and Paper & Pulp from 2024 to 2034
Analysis of Industrial Valve Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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. |
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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.
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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.
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Competitive landscape highlights only certain players
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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
- Check Valves
-
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
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Valve Type
- 6.2. Material
- 6.3. Function
- 6.4. End Use
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Valve Type
- 7.1. Check Valves
- 7.2. Gates
- 7.3. Globes
- 7.4. Balls
- 7.5. Plugs
- 7.6. Butterfly
- 7.7. Safety Relief
- 7.8. Others
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Material
- 8.1. Cast Steel
- 8.2. Carbon Steel
- 8.3. Stainless Steel
- 8.4. Bronze
- 8.5. Other Alloys
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Function
- 9.1. Manual
- 9.2. Automatic
- 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by End Use
- 10.1. Oil & Gas
- 10.2. Chemicals
- 10.3. Water & Wastewater Treatment
- 10.4. Power Plants
- 10.5. Paper & Pulp
- 10.6. Others
- 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Western Europe
- 11.4. Eastern Europe
- 11.5. East Asia
- 11.6. South Asia & Pacific
- 11.7. Middle East & Africa
- 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 19. Sales Forecast 2024 to 2034 by Valve Type, Material, Function, End Use, and Region for 30 Countries
- 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 21. Company Profile
- 21.1. Avcon Controls Pvt. Ltd.
- 21.2. Schlumberger Limited
- 21.3. Crane
- 21.4. Emerson Electric Co.
- 21.5. Flowserve Corp.
- 21.6. Forbes Marshall
- 21.7. IMI Plc.
- 21.8. Metso Corporation
- 21.9. Emerson Electric
- 21.10. KITZ Corporation
- 21.11. Schlumberger Limited
- 21.12. Flowserve Corporation
- 21.13. Watts Water Technologies
- 21.14. Weir Group Plc.
- 21.15. Technip FMC Plc.
- 21.16. KSB SE & Co. KGaA
- 21.17. Alfa Laval Corporate
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Valve Type, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Valve Type, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Valve Type, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Function, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Function, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Function, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 13: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 14: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 15: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Valve Type, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Valve Type, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Valve Type, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 25: North America Market Value (US$ Mn) Analysis, by Function, 2019 to 2023
Table 26: North America Market Value (US$ Mn) Analysis, by Function, 2024 to 2034
Table 27: North America Market Value (US$ Mn) Opportunity Analysis, by Function, 2024 to 2034
Table 28: North America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 29: North America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 30: North America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Valve Type, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Valve Type, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Valve Type, 2024 to 2034
Table 37: Latin America Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 38: Latin America Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 39: Latin America Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 40: Latin America Market Value (US$ Mn) Analysis, by Function, 2019 to 2023
Table 41: Latin America Market Value (US$ Mn) Analysis, by Function, 2024 to 2034
Table 42: Latin America Market Value (US$ Mn) Opportunity Analysis, by Function, 2024 to 2034
Table 43: Latin America Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 44: Latin America Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 45: Latin America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 49: Western Europe Market Value (US$ Mn) Analysis, by Valve Type, 2019 to 2023
Table 50: Western Europe Market Value (US$ Mn) Analysis, by Valve Type, 2024 to 2034
Table 51: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Valve Type, 2024 to 2034
Table 52: Western Europe Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 53: Western Europe Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 54: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 55: Western Europe Market Value (US$ Mn) Analysis, by Function, 2019 to 2023
Table 56: Western Europe Market Value (US$ Mn) Analysis, by Function, 2024 to 2034
Table 57: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Function, 2024 to 2034
Table 58: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 59: Western Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 60: Western Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 61: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: Eastern Europe Market Value (US$ Mn) Analysis, by Valve Type, 2019 to 2023
Table 65: Eastern Europe Market Value (US$ Mn) Analysis, by Valve Type, 2024 to 2034
Table 66: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Valve Type, 2024 to 2034
Table 67: Eastern Europe Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 68: Eastern Europe Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 69: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 70: Eastern Europe Market Value (US$ Mn) Analysis, by Function, 2019 to 2023
Table 71: Eastern Europe Market Value (US$ Mn) Analysis, by Function, 2024 to 2034
Table 72: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Function, 2024 to 2034
Table 73: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 74: Eastern Europe Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 75: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 76: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 77: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 78: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 79: East Asia Market Value (US$ Mn) Analysis, by Valve Type, 2019 to 2023
Table 80: East Asia Market Value (US$ Mn) Analysis, by Valve Type, 2024 to 2034
Table 81: East Asia Market Value (US$ Mn) Opportunity Analysis, by Valve Type, 2024 to 2034
Table 82: East Asia Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 83: East Asia Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 84: East Asia Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 85: East Asia Market Value (US$ Mn) Analysis, by Function, 2019 to 2023
Table 86: East Asia Market Value (US$ Mn) Analysis, by Function, 2024 to 2034
Table 87: East Asia Market Value (US$ Mn) Opportunity Analysis, by Function, 2024 to 2034
Table 88: East Asia Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 89: East Asia Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 90: East Asia Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 91: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 92: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 93: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 94: South Asia & Pacific Market Value (US$ Mn) Analysis, by Valve Type, 2019 to 2023
Table 95: South Asia & Pacific Market Value (US$ Mn) Analysis, by Valve Type, 2024 to 2034
Table 96: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Valve Type, 2024 to 2034
Table 97: South Asia & Pacific Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 98: South Asia & Pacific Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 99: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 100: South Asia & Pacific Market Value (US$ Mn) Analysis, by Function, 2019 to 2023
Table 101: South Asia & Pacific Market Value (US$ Mn) Analysis, by Function, 2024 to 2034
Table 102: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Function, 2024 to 2034
Table 103: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 104: South Asia & Pacific Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 105: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
Table 106: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 107: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 108: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 109: MEA Market Value (US$ Mn) Analysis, by Valve Type, 2019 to 2023
Table 110: MEA Market Value (US$ Mn) Analysis, by Valve Type, 2024 to 2034
Table 111: MEA Market Value (US$ Mn) Opportunity Analysis, by Valve Type, 2024 to 2034
Table 112: MEA Market Value (US$ Mn) Analysis, by Material, 2019 to 2023
Table 113: MEA Market Value (US$ Mn) Analysis, by Material, 2024 to 2034
Table 114: MEA Market Value (US$ Mn) Opportunity Analysis, by Material, 2024 to 2034
Table 115: MEA Market Value (US$ Mn) Analysis, by Function, 2019 to 2023
Table 116: MEA Market Value (US$ Mn) Analysis, by Function, 2024 to 2034
Table 117: MEA Market Value (US$ Mn) Opportunity Analysis, by Function, 2024 to 2034
Table 118: MEA Market Value (US$ Mn) Analysis, by End Use, 2019 to 2023
Table 119: MEA Market Value (US$ Mn) Analysis, by End Use, 2024 to 2034
Table 120: MEA Market Value (US$ Mn) Opportunity Analysis, by End Use, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Valve Type, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Valve Type, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Valve Type, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Material, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Material, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Function, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Function, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Function, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 17: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 18: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 19: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 20: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 21: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 22: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 23: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 24: North America Market Share Analysis by Country, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Valve Type, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Valve Type, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Valve Type, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Material, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Material, 2024 to 2034
Figure 33: North America Market Share and BPS Analysis by Function, 2024 & 2034
Figure 34: North America Market Y-o-Y Growth Projections by Function, 2024 to 2034
Figure 35: North America Market Attractiveness Analysis by Function, 2024 to 2034
Figure 36: North America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 37: North America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 38: North America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 39: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 40: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 41: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 42: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 43: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Valve Type, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Valve Type, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Valve Type, 2024 to 2034
Figure 49: Latin America Market Share and BPS Analysis by Material, 2024 & 2034
Figure 50: Latin America Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 51: Latin America Market Attractiveness Analysis by Material, 2024 to 2034
Figure 52: Latin America Market Share and BPS Analysis by Function, 2024 & 2034
Figure 53: Latin America Market Y-o-Y Growth Projections by Function, 2024 to 2034
Figure 54: Latin America Market Attractiveness Analysis by Function, 2024 to 2034
Figure 55: Latin America Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 56: Latin America Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 57: Latin America Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 59: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 60: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 61: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 62: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Western Europe Market Share and BPS Analysis by Valve Type, 2024 & 2034
Figure 66: Western Europe Market Y-o-Y Growth Projections by Valve Type, 2024 to 2034
Figure 67: Western Europe Market Attractiveness Analysis by Valve Type, 2024 to 2034
Figure 68: Western Europe Market Share and BPS Analysis by Material, 2024 & 2034
Figure 69: Western Europe Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 70: Western Europe Market Attractiveness Analysis by Material, 2024 to 2034
Figure 71: Western Europe Market Share and BPS Analysis by Function, 2024 & 2034
Figure 72: Western Europe Market Y-o-Y Growth Projections by Function, 2024 to 2034
Figure 73: Western Europe Market Attractiveness Analysis by Function, 2024 to 2034
Figure 74: Western Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 75: Western Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 76: Western Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 77: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 78: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 79: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 80: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 81: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 82: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 83: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 84: Eastern Europe Market Share and BPS Analysis by Valve Type, 2024 & 2034
Figure 85: Eastern Europe Market Y-o-Y Growth Projections by Valve Type, 2024 to 2034
Figure 86: Eastern Europe Market Attractiveness Analysis by Valve Type, 2024 to 2034
Figure 87: Eastern Europe Market Share and BPS Analysis by Material, 2024 & 2034
Figure 88: Eastern Europe Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness Analysis by Material, 2024 to 2034
Figure 90: Eastern Europe Market Share and BPS Analysis by Function, 2024 & 2034
Figure 91: Eastern Europe Market Y-o-Y Growth Projections by Function, 2024 to 2034
Figure 92: Eastern Europe Market Attractiveness Analysis by Function, 2024 to 2034
Figure 93: Eastern Europe Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 94: Eastern Europe Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 95: Eastern Europe Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 96: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 97: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 98: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 99: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 100: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 101: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 102: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 103: East Asia Market Share and BPS Analysis by Valve Type, 2024 & 2034
Figure 104: East Asia Market Y-o-Y Growth Projections by Valve Type, 2024 to 2034
Figure 105: East Asia Market Attractiveness Analysis by Valve Type, 2024 to 2034
Figure 106: East Asia Market Share and BPS Analysis by Material, 2024 & 2034
Figure 107: East Asia Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 108: East Asia Market Attractiveness Analysis by Material, 2024 to 2034
Figure 109: East Asia Market Share and BPS Analysis by Function, 2024 & 2034
Figure 110: East Asia Market Y-o-Y Growth Projections by Function, 2024 to 2034
Figure 111: East Asia Market Attractiveness Analysis by Function, 2024 to 2034
Figure 112: East Asia Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 113: East Asia Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 114: East Asia Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 115: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 116: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 117: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 118: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 119: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 120: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 121: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 122: South Asia & Pacific Market Share and BPS Analysis by Valve Type, 2024 & 2034
Figure 123: South Asia & Pacific Market Y-o-Y Growth Projections by Valve Type, 2024 to 2034
Figure 124: South Asia & Pacific Market Attractiveness Analysis by Valve Type, 2024 to 2034
Figure 125: South Asia & Pacific Market Share and BPS Analysis by Material, 2024 & 2034
Figure 126: South Asia & Pacific Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 127: South Asia & Pacific Market Attractiveness Analysis by Material, 2024 to 2034
Figure 128: South Asia & Pacific Market Share and BPS Analysis by Function, 2024 & 2034
Figure 129: South Asia & Pacific Market Y-o-Y Growth Projections by Function, 2024 to 2034
Figure 130: South Asia & Pacific Market Attractiveness Analysis by Function, 2024 to 2034
Figure 131: South Asia & Pacific Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 132: South Asia & Pacific Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 133: South Asia & Pacific Market Attractiveness Analysis by End Use, 2024 to 2034
Figure 134: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 135: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 136: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 137: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 138: MEA Market Share Analysis by Country, 2024 & 2034
Figure 139: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 140: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 141: MEA Market Share and BPS Analysis by Valve Type, 2024 & 2034
Figure 142: MEA Market Y-o-Y Growth Projections by Valve Type, 2024 to 2034
Figure 143: MEA Market Attractiveness Analysis by Valve Type, 2024 to 2034
Figure 144: MEA Market Share and BPS Analysis by Material, 2024 & 2034
Figure 145: MEA Market Y-o-Y Growth Projections by Material, 2024 to 2034
Figure 146: MEA Market Attractiveness Analysis by Material, 2024 to 2034
Figure 147: MEA Market Share and BPS Analysis by Function, 2024 & 2034
Figure 148: MEA Market Y-o-Y Growth Projections by Function, 2024 to 2034
Figure 149: MEA Market Attractiveness Analysis by Function, 2024 to 2034
Figure 150: MEA Market Share and BPS Analysis by End Use, 2024 & 2034
Figure 151: MEA Market Y-o-Y Growth Projections by End Use, 2024 to 2034
Figure 152: MEA Market Attractiveness Analysis by End Use, 2024 to 2034
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- FAQs -
How big is the industrial valve market in 2024?
The global market for industrial valves is estimated at US$ 78.3 billion in 2024.
What is the demand forecast for industrial valves by 2034?
Global sales of industrial valves are forecasted to reach US$ 123.9 billion by 2034.
At what rate are the sales of industrial valves projected to climb?
The market is approximated to expand at a CAGR of 4.7% from 2024 to 2034.
How much share of global market is North America evaluated to hold?
North America is calculated to hold 22.8% share of the global market by 2034.
At what CAGR is the market evaluated to accelerate in South Korea?
The South Korea market for industrial valves is projected to increase at 4.5% CAGR from 2024 to 2034.
What is the contribution of butterfly valves to global market revenue?
Butterfly valves are projected to account for 12.5% share of global market revenue by 2034.
Who are the prominent manufacturers of industrial valves?
Some of the leading market players are Avcon Controls Pvt. Ltd., Schlumberger Limited, and Crane.
Industrial Valve Market