Market Size of Asia-Pacific Industrial Valves Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 21.98 Billion |
| Market Size (2029) | USD 28.95 Billion |
| CAGR (2024 - 2029) | 5.67 % |
| Market Concentration | Low |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Industrial Valves Market Analysis
The Asia-Pacific Industrial Valves Market size is estimated at USD 21.98 billion in 2024, and is expected to reach USD 28.95 billion by 2029, growing at a CAGR of 5.67% during the forecast period (2024-2029).
- The factors driving the market are increasing demand for valves from water treatment plants and from the oil and gas industry.
- The COVID-19 pandemic was a major challenge for the industrial valves market as it directly affected the manufacturer's supply chain across the globe and shut down the production facilities to minimize the risk of virus spread.
- Further, the need for enabling valves for a wider range of applications in the downstream market is contributing to the growth of the Asia-Pacific valves market.
- China accounts for the largest share of the Asia-Pacific industrial valves market.
