Global Industrial Valves Market Assessment, By Product Type [Rotary Valves, Linear Valves, Ball Valves, Plug Valves, Butterfly Valves, Gate Valves, Others], By Material [Ceramic, Carbon Steel, Aluminum, Alloy Based, Cryogenic, Plastic, Others], By End-user Industry [Chemicals, Energy and Power, Automotive, Water and Wastewater Treatment, Agriculture, Building and Construction, Others], By Function [On/Off, Control] By Sales Channel [Direct, In-direct], Region, Opportunities and Forecast, 2017-2031F

Global industrial valves market is projected to witness a CAGR of 7.92% during the forecast period 2024-2031, growing from USD 71.84 billion in 2023 to USD 132.18 billion in 2031. The market thrives substantially due to stringent occupational safety policies and rising awareness of health hazards.

The production of industrial valves has rapidly changed since the digital revolution. The Industrial Internet of Things (IIoT) transforms industrial valves' design, manufacturing, operation, and maintenance by integrating sensors, connectivity, and data analytics. Smart industrial valves with sensors and networking capabilities can obtain real-time data on performance, temperature, pressure, and other crucial characteristics. It allows remote monitoring, predictive maintenance, and optimized valve operations. The materials and manufacturing processes utilized in the production of industrial valves are expected to continue to change as industries push the limits of performance and durability. Traditional materials will be replaced by advanced alloys, composites, and ceramics that offer better resistance to wear, corrosion, and erosion. Intricate geometries and unique valve designs can be produced with previously unheard-of accuracy using additive manufacturing, also referred as 3D printing.

For instance, in May 2024, Viega LLC expanded its valve portfolio with the launch of 21 industrial valves across the ProPress, MegaPress, and PureFlow systems. Viega now has the most complete press portfolio available on the market. In September 2023, the company expanded its pipe fittings and industrial valves manufacturing facility with the announcement of its new facility in Ohio, United States, for the manufacturing of its leading products names, ProPress and MegaPress.

Smart Valve Technology and Automation to Fuel Market Growth

Smart factories powered by Industry 4.0, formally known as fourth industrial revolution-based technologies, automate processes, analyze data, and learn continuously. Incorporating smart technology into industrial valves is expected to be crucial in the forecast period. With incorporated sensors, actuators, and control systems, smart industrial valves can automatically modify parameters, monitor and control flow rates, and identify leaks. Through real-time optimization and communication of operation with central control systems, industrial valves can increase safety, lower energy consumption, and improve efficiency.

Numerous top valve vendors claim that automation and robotics are changing many facets of manufacturing, including the valve market. Advanced robotic systems are being used for precision machining, assembly, and quality control among the jobs. This has led to increased productivity, uniformity, and decreased human error. Faster production cycles, cost-effectiveness, and improved worker safety in dangerous locations are some of the benefits of automated operations.

For instance, in February 2024, Burkert Contromatic Corp. launched a range of easy to service direct-actin solenoid industrial valves. OEMs of various equipment, including commercial coffee makers and hot drink vending machines, are best suited for the new valve family. The industrial valves are useful for controlling the flow of water or saline flush in medical machines and can be used to channel detergents.

Wide Range of Applications and Technological Advancements to Fuel the Global Market

Growing investments in infrastructure development and automation across industries such as oil and gas, water and wastewater treatment, power generation, chemicals, and pharmaceuticals have garnered the sales of advanced valve systems. Increasing oil and gas exploration activities and stringent industrial emission regulations boost the demand for industrial valves in upstream, midstream, and downstream oil and gas operations. Rising demand from end-use industries, such as food and beverage, chemicals, pharmaceuticals, metal and mining, pulp and paper, and agriculture, require specialized industrial valves for their processes. The expanding chemical and petrochemical industry is adopting new valve systems as the requirement for steam and liquid control systems is rising.

For instance, in January 2024, Emerson Electric Co. launched a new relief valve for storage tank reliability. Its range of fisher safety industrial valves features a 2-inch version, allowing more precise control, simpler setup, and easier upkeep for smaller containers.

New integrated gadgets and technologies upgrade the valve technology. These gadgets allow industrial valves to be controlled in real-time. They can function in accordance with the data gathered, including pressure, temperature, and flow. The market further advances by Control and Data Acquisition Systems (SCADA) and Programmable Logic Controls (PLCs). Based on the information they get from sensors, PLCs may control industrial valves, and SCADA systems allow for remote monitoring and control. Failure prediction and valve performance can be optimized by integrating artificial intelligence and machine learning technologies.

Higher Consumption to Fuel Energy and Power Industry

The energy and power segment dominates the industrial valves market amongst the end-user industries and is projected to maintain its lead throughout the forecast period. Nations around the globe are facing challenges in meeting the escalating demand for energy, prompting the energy and power sector to explore methods for generating energy more quickly, safely, and efficiently with the least possible environmental footprint. The controlling function of industrial valves plays a critical role in power generation facilities. Within the energy and power sector, these industrial valves require precise shut-off mechanisms to manage high-quality slurry. Additionally, the discs must be easily replaceable, given that the slurries are often abrasive. As a result, specialized industrial valves are utilized in the energy and power sector for a variety of purposes.

For instance, in November 2023, Emerson Electric Co. unveiled ASCO Series 327C solenoid valve, boasting a direct-acting, high-performance design that offers an exceptional flow-to-power efficiency over its counterparts. The Series 327C's design incorporates a balanced poppet mechanism, allowing for high flow rates with minimal power requirements, rendering it perfect for applications in power plants, refineries, and chemical processing sites.

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Asia-Pacific Dominates Industrial Valves Market

Based on region, Asia-Pacific leads the market share of global industrial valve market, and is expected to grow during the forecast period. Emerging economies such as China and India are fueling the market growth. The region is experiencing rapid industrialization, urbanization, and infrastructure development, especially in manufacturing, energy generation, and water management, driving strong demand for industrial valves across diverse end-use sectors.

The region's large and growing oil and gas exploration and production activities, and the expansion of power generation infrastructure are the major contributors to the surging demand for industrial valves. Increasing investments in water supply and sanitation projects, and water and wastewater infrastructure development in developing Asia-Pacific countries, are propelling the sales of industrial valves. Asia-Pacific manufacturers are rapidly adopting smart and automated industrial valves equipped with sensors and IIoT capabilities to optimize operations and reduce maintenance costs. The constant research and development in China has contributed to the industry’s expansion in the region.

For instance, in May 2024, China National Nuclear Corporation’s (CNNC’s) China Nuclear Power Research & Design Institute and CNNC’s Sufa Technology Industrial Company (STIC) jointly developed a stabilizer pilot safety valve engineering prototype. Such industrial valves are used in the reactor primary loop system and play a vital role in the safe operation of the nuclear power plant.

Future Market Scenario (2024 – 2031F)

1. Expanding industrial spaces, the advent of industrial 4.0, and the integration of smart manufacturing technology transform the market dynamics.

2. The usage of advanced materials such as ceramics and cryogenics is adding value to the growth of global industrial valves market.

3. New technologies such as automation, IoT, artificial intelligence are being integrated with valve systems to streamline functions, ensuring higher operability and limited errors.

4. The industrial boom and adoption of latest valve solutions in the chemical and petrochemical industry are projected to fuel the market growth during the forecast period.

Report Scope

“Industrial Valves Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global industrial valves market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute	Details
Base Year of the Analysis	2023
Historical Period	2017-2022
Forecast Period	2024-2031
Projected Growth Rate	CAGR of 7.92% between 2024 and 2031
Revenue Forecast in 2031	USD 132.18 billion
Segments Covered	Product Type, Material, End-user Industry, Function, Sales Channel
Regions Covered	North America, Europe, South America, Asia-Pacific, Middle East and Africa
Key Companies Profile	Emerson Electric Co., Flowserve Corporation, KSB SE & Co. KGaA, KITZ Corporation, Velan Inc., Bray International Inc., IMI plc, AVK Maskinfabrik A/S, Schlumberger Limited, Leser GmbH & Co. KG, AKO Armaturen & Separationstechnik GmbH
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfill your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased)

In the report, global industrial valves market has been segmented into the following categories: 

• By Product Type
  • Rotary Valves
  • Linear Valves
  • Ball Valves
  • Plug Valves
  • Butterfly Valves
  • Gate Valves
  • Others
• By Material
  • Ceramic
  • Carbon Steel
  • Aluminum
  • Alloy Based
  • Cryogenic
  • Plastic
  • Others
• By End-user Industry
  • Chemicals
  • Energy and Power
  • Automotive
  • Water and Wastewater Treatment
  • Agriculture
  • Building and Construction
  • Others
• By Function
  • On/Off
  • Control
• By Sales Channel
  • Direct
  • Indirect
• By Region
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Key Players Landscape and Outlook

Key participants in the global industrial valves market focus on using advanced materials, such as ceramic and carbon steel, along with designing the industrial valves with a future-ready approach. Companies focus on integrating vales with the latest technology and automation. Alongside, strategic partnerships, collaboration, acquisitions, and product launches are used as the major elements of the market’s strategic landscape.

In May 2024, IMI plc launched its first control valve for urea plants, which is set to be installed at one of the major fertilizer plants in Middle East and Africa for the first time, later in the year. The recently developed urea valve leverages IMI's broad skill set in creating, setting up, and looking after industrial valves at power plants and oil and gas refineries, along with thorough interaction with the sector.

In 2023, AVK Maskinfabrik A/S secured a large valve order in Egypt. The recently developed urea valve leverages IMI's broad skill set in creating, setting up, and looking after industrial valves at power plants and oil and gas refineries, along with thorough interaction with the sector.

Key Players Operating in Global Industrial Valves Market are:

• Emerson Electric Co.
• Flowserve Corporation
• KSB SE & Co. KGaA
• KITZ Corporation
• Velan Inc.
• Bray International Inc.
• IMI plc
• AVK Maskinfabrik A/S
• Schlumberger Limited
• Leser GmbH & Co. KG
• AKO Armaturen & Separationstechnik GmbH

Markets and Data’s reports answer the following questions:

• What is the current and future market size of the product/service in question globally or specific to different countries?
• How are the markets divided into different product/service segments and the market size and growth of each segment?
• What is the market potential of different product segments and their investment case?
• How are the markets predicted to develop in the future and what factors will drive or inhibit growth?
• What is the business environment and regulatory landscape specific to the product/service?

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