Industrial Valve Market Size is estimated to grow at a CAGR of 7.5% during the forecast period

A number of companies are involved in the development and introduction of various industrial valve products for various end-user verticals in the global market for industrial valves. During the projected period of 2022–2030, it is expected that the industrial valve market will develop at a compound annual growth rate (CAGR) of 7.5%.

Industrial valves are electromechanical devices primarily employed in process industries for the efficient and smooth direction, regulation, and control of liquids, vapors, gases, slurries, powders, and other substances. The main body, stem packing, end connectors, trim, discs, seats, sealing rings, yoke and yoke nut, bonnet shell, union bolts, operators, and actuators are the typical components of these valves. They safeguard equipment from overpressure dangers and stop flow from returning to the pressurized side.

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Growth Drivers:

Over the past few years, the number of water supply and sanitation projects has increased more quickly in developing countries all over the world. Additionally, there has been a significant increase in pipeline infrastructure investments for downstream uses in the oil and gas industry. The market for industrial valves as a whole is driven by the rise in the installation of high-pressure pipelines, which increases the demand for valves for the transmission of steam, chemical products, etc.

Additionally, there has been a sharp increase recently in the demand for industrial valves from the power industry for a variety of applications, including steam conditioning, boiler starts, turbine bypass, and feed pump recirculation.

But during the forecast period, it is anticipated that factors like the expansion of regulations governing the use of valves, the high cost of maintenance, the lack of standardization, and the sluggish industrial growth in the world’s mature regions will restrain the market’s expansion.

Industrial Valve Market Segmentation:

By Function:

o   On-off/Isolation

o   Control

By Material:

o   Steel

o   Cast Iron

o   Cryogenic

o   Alloy Based

o   Others

o   Brass

o   Bronze

o   Plastic

By Type:

·         Ball Valves

o   Trunnion Mounted Ball Valves

o   Floating Ball Valves

o   Rising Stem Ball Valves

·         Butterfly Valves

o   Zero Offset Butterfly Valves

o   Double Offset Butterfly Valves

o   Triple Offset Butterfly Valves

·         Check Valves

·         Diaphragm Valves

·         Gate Valves

o   Standard Plate Gate Valves

o   Wedge Gate Valves

o   Knife Gate Valves

·         Globe Valves

·         Plug Valves

·         Safety Valves

By Size:

·         Up To 1”

·         1-6”

·         6-25”

·         25-50”

·         50” and Larger

By End-user Industry:

·         Oil & Gas

·         Water & Wastewater Treatment

·         Energy & Power

·         Food & Beverages

·         Chemicals

·         Building & Construction

·         Pulp & Paper

·         Pharmaceuticals & Healthcare

·         Metals & Mining

·         Agriculture

·         Others

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Key Companies in Industrial Valve Market:

The research report offers a competitive analysis of prominent companies operating in the global industrial valve market. Some of the leading players profiled in the market research report include:

·         Forbes Marshall

·         Metso Corporation

·         The Weir Group plc.

·         Conbraco Industries Inc

·         Neway Valve Co. Ltd.

·         Kitz Corporation

·         IMI Plc.

·         Avcon Controls Private Limited

·         Schlumberger Limited

·         Crane Co.

·         Emerson Electric Co.

·         Flowserve Corporation

·         AVK Holdings A/S

·         Other Players

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Neha Singh
Neha Singh
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