Market Size of Global Valves Industry in Water and Wastewater Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 7.48 Billion |
| Market Size (2029) | USD 9.08 Billion |
| CAGR (2024 - 2029) | 3.94 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe, Middle East, and Africa |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Water & Wastewater Valves Market Analysis
The Global Valves Market in Water and Wastewater Industry is expected to grow from USD 7.48 billion in 2024 to USD 9.08 billion by 2029, at a CAGR of 3.94% during the forecast period (2024-2029).
The growth in the Global Valves Market in Water and Wastewater Industry is attributed to the increasing automation in the water and wastewater industry. Moreover, the increasing adoption of 3D printing for valve manufacturing is further pushing the demand for Laser Transmitters globally.
- Valve are designed to ensure purity, reduce clogging, and increase reliability. The growth of 3D printing for valve manufacturing is one of the critical trends for water valves market. Manufacturers are focusing on 3D printing as it has the potential to modify the design of the product.
- The emergence of 3D printing technology is encouraging the manufacturers to design products that act as a finished product. This technology offers several benefits such as high attention to detail, time-saving process, assembly of parts, and trials. Moreover, the manufacturers using this technology reduce their cost of production. Consequently, the increasing automation coupled with 3D printing for valve manufacturing is driving the valves market growth in water and wastewater industry.
- Furthermore, with the emergence of smart devices and sensors, the option of cutting down on maintenance services has become a possibility for end-users. For instance, the emergence of maintenance-free valves. The maintenance-free valves have the built-in capability of preventive maintenance, which reduces the need for corrective maintenance services.
- Further, the COVID-19 pandemic has largely impacted the water, energy, ecology, and food industries. Labour shortfall, budget constraint, and supply chain problems have all hampered service the manufacturing and supply chain of the vales in the market globally.
- However, with the increasing technological innovation and advancement in the market the need to further optimize the performance of vales has been driving the Global Valves Market in Water and Wastewater Industry. Further, the need for enabling values for a wider range of applications in the downstream market has also contributed to the growth of the Global Valves Market in Water and Wastewater Industry.
