Europe Valves Market Size

Statistics for the 2023 & 2024 Europe Valves market size, created by Mordor Intelligence™ Industry Reports. Europe Valves size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Europe Valves Industry

Europe Valves Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.40 %
Market Concentration Low

Major Players


*Disclaimer: Major Players sorted in no particular order


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Europe Valves Market Analysis

The Europe Valves Market is expected to grow at a CAGR of 4.4% during the forecast period, 2022-2027. The increased use of valves for various applications in the end-user industries, along with the growing emphasis on power, water, and wastewater in emerging markets, is driving the Europe valves market over the forecast period.

  • Industrial valves play a vital role in the increasingly complex industrial and working world. Pipelines and hose pipes are necessary everywhere, in crude oil and natural gas production and in nearly all areas of industry, including medicine and water treatment, as well as in engines, machinery, and plant engineering, the conveyance of gas, fluids, and free-flowing solids.
  • Advancements in technology have shaped innovative solutions that can improve process plants to become increasingly efficient by streamlining their operations. As industry requirements evolve and change, valve suppliers are expected to continue developing products and processes that address these new challenges.
  • The Government in the region is taking various initiatives and opting for different strategies to boost the demand for valves. For instance, in June 2022, the new EU solar strategy published by the European Commission stated that the rooftop solar photovoltaic(PV) would help in turning the gas valves off.
  • Moreover, companies are regulalry coming up with new innovations to keep up with the market demand. For instance, in Feb 2021, COSMOIND Co. Ltd, a PE pipe manufacturer has launched new products of BF fitting, EF fitting and ball valves. The company is also fully certified to ISO 9001, ISO 14001, CE, GB, TUV, NSF, KS, KC, KFI and G-Pass.
  • Further, the outbreak of COVID-19 has resulted in an economic crisis across the world. The pandemic severely affected the oil and gas industry, with oil prices slashed. Significant oil producers are running out of storage space for extracted oil, and the demand is declining. According to BP's Statistical Review of World Energy 2021, gasoline demand decreased by around 13% (3.1 Mb/d) due to road mobility measures. Moreover, products closely related to the petrochemicals sector (ethane, naphtha, and LPG) were largely flat, supported partly by increasing demand for medical and hygiene-related supplies such as PPE.

Valves Market in Europe Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)