Market Overview
| Study Period | 2024 - 2030 |
|---|---|
| Market Size (2025) | USD 74.34 Billion |
| Market Size (2030) | USD 92.53 Billion |
| Growth Rate (2025 - 2030) | 4.52% CAGR |
| Fastest Growing Market | Middle East and Africa |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
|
Industrial Valves Market Analysis by Mordor Intelligence
The Industrial Valves Market size is estimated at USD 74.34 billion in 2025, and is expected to reach USD 92.53 billion by 2030, at a CAGR of 4.52% during the forecast period (2025-2030). This steady expansion is underpinned by simultaneous growth in hydrogen, LNG, and desalination infrastructure, alongside cyclical recovery in offshore oil and gas spending. Rising investments in predictive maintenance and stricter fugitive-emission rules are accelerating replacement cycles, while supply-chain bottlenecks for nickel-based alloys are forcing material substitutions. Competitive intensity is increasing because tier-one suppliers are racing to certify valves for hydrogen service and to integrate digital diagnostics, and these dynamics together keep the industrial valves industry resilient during the energy transition.
Key Report Takeaways
- By valve type, ball valves led with 40% revenue share in 2024; check valves are forecast to expand at a 7.11% CAGR to 2030.
- By product category, quarter-turn valves accounted for 54% of the industrial valves market share in 2024, while multi-turn valves are projected to grow at a 5.8% CAGR through 2030.
- By valve function, isolation valves commanded 60% of the industrial valves market size in 2024; check and safety valves are advancing at 7.2% CAGR through 2030.
- By body material, steel held 45% of 2024 revenue, whereas alloy-based bodies are progressing at a 7.5% CAGR to 2030.
- By application, oil and gas captured 40% of 2024 revenue; the new-energy segment is the fastest-growing at 9.38% CAGR through 2030.
- By geography, Asia-Pacific represented 40% of 2024 demand, and the Middle-East and Africa region is set to post a 6.51% CAGR to 2030.
Global Industrial Valves Market Trends and Insights
Driver Impact Analysis
| Drivers | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Hydrogen and carbon capture projects | +1.2% | Europe, North America | Medium term (2-4 years) |
| LNG terminal buildouts | +1.0% | APAC, North America | Short term (≤ 2 years) |
| Desalination plant investments | +0.7% | Middle East, North Africa | Medium term (2-4 years) |
| Predictive maintenance adoption | +0.5% | North America, Europe | Long term (≥ 4 years) |
| Offshore energy and power Capex Recovery | +0.6% | Global, with emphasis on Brazil, Gulf of Mexico | Short term (≤2 yrs) |
| Source: Mordor Intelligence | |||
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Hydrogen and Carbon Capture Projects
Expanding hydrogen valleys and carbon-capture hubs across Europe and North America translate into urgent requirements for high-pressure and high-purity valves that tolerate hydrogen embrittlement and CO₂ corrosion. The continent already hosts 512 operational hydrogen facilities with 11.23 Mt of production capacity, and project developers continue to favour certified quarter-turn designs for electrolyser balance-of-plant service[1]Panagiotou Afroditi, “The European Hydrogen Market Landscape,” Clean Hydrogen Joint Undertaking, observatory.clean-hydrogen.europa.eu . Valve suppliers are responding with purpose-built offerings such as Emerson’s HV-7000 series, which delivers two-stage pressure reduction up to 700 bar for vehicle refuelling. The push to lock in hydrogen readiness elevates qualification costs but simultaneously creates premium pricing windows, adding meaningful volume to the industrial valves industry. Stringent fugitive-emission limits for hydrogen further reinforce demand for metal-seated ball valves sporting low-permeation stem seals. As public-funded policy frameworks earmark EUR 90 billion for hydrogen through 2030, project pipelines are large enough to support sustained double-digit order growth for specialised valve packages
LNG Terminal Build-outs
Global LNG consumption is expected to increase by 2040, driven by industrial users in China and new demand centres across South and Southeast Asia. China alone leads global regasification capacity additions, while the United States is on track to lift LNG exports 18% in 2025, from a 2% rise in 2024. Each new liquefaction train or regasification berth requires thousands of cryogenic ball, plug, and gate valves. Despite labour-cost inflation of up to 20% on the U.S. Gulf Coast, supply contracts remain robust, making LNG infrastructure a near-term catalyst for the industrial valves industry. Original-equipment sales predominate, but turnback projects aimed at debottlenecking existing terminals add lucrative retrofit revenues for smart actuators and positioners.
Desalination Plant Investments
GCC nations operate 67 million m³/day of seawater desalination and plan to reach 80 million m³/day by 2050, representing the world’s densest cluster of reverse-osmosis and multi-effect distillation assets. Because salted brine is highly corrosive, plants specify duplex stainless or titanium valves with super-alloy trim, elevating average selling prices relative to freshwater service. As the UAE and Saudi Arabia upgrade networks to energy-efficient membranes, cycle-life expectations for isolation and check valves exceed 25 years, favouring premium brands. These profiles reinforce the industrial valves industry trajectory, with unit demand widening in tandem with pipeline, intake, and concentrate disposal systems that flank each desalination complex.
Predictive Maintenance Adoption
Digital-native plants, especially North American chemical facilities, are embedding smart sensors and IIoT gateways into legacy valve networks to forecast failure modes. IFM’s MVQ sensor, for example, halves installation labour and provides continuous position verification to cut unplanned downtime. Constant health data push operators to replace ageing isolation valves earlier than traditional run-to-fail schedules, adding a reliable aftermarket stream to the industrial valves market. Software-enabled diagnostics also amplify competition on analytics capability rather than commodity price, encouraging suppliers to bundle SaaS subscriptions with new actuators for sticky revenue.
Restraint Impact Analysis
| Restraints | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Nickel-based alloy shortage | –0.8% | Global | Short term (≤ 2 years) |
| Ductile-iron price volatility | –0.4% | Europe, North America | Short term (≤ 2 years) |
| Fugitive-Emission Regulations | -0.3% | North America, Europe | Medium term (≈3-4 yrs) |
| Source: Mordor Intelligence | |||
Nickel-Based Alloy Shortage
Battery-sector uptake drove nickel demand up more than 200% between 2019 and 2023, tightening supply for valve-grade alloys. With 93% of matte feedstock controlled by Indonesia-to-China flows, high-alloy castings now exceed 40-week lead times, hampering delivery of cryogenic and sour-service valves. Manufacturers are pivoting to low-nickel duplex substitutes, yet qualification cycles slow switchover. The drag is acute for LNG and hydrogen projects that demand 9% nickel steel or Inconel trim, trimming near-term growth in the industrial valves market.
Ductile-Iron Price Volatility
Stainless steel oversupply and nickel price create unpredictable foundry economics in Europe, while energy-cost relief is offset by rising freight and insurance premiums. Utility buyers consequently face 4–6% list-price uplifts, as announced by Romac Industries in March 2025. Budget pressure can delay municipal water projects, tempering short-cycle valve orders. Although many frame agreements pass material costs to end users, cash-constrained authorities defer smaller refurbishments, slowing churn in the industrial valves market until pricing stabilises.
Segment Analysis
By Type: Ball Valves Retain Dominance while Check Valves Accelerate
Ball valves held 40% of the industrial valves market in 2024, due to their zero-leakage shut-off, quick quarter-turn motion, and compatibility with piggable pipelines. Recent product innovations focus on polymer seat designs that endure hydrogen permeation, enabling premium niches inside the broader ball-valve family. At the same time, check valves, critical for backflow prevention, are projected to grow at 7.11% CAGR, underpinned by rising investments in LNG tank-farm pump isolation and municipal water networks. Silent-operating dual-plate styles are gaining share because they mitigate water hammer, protecting downstream assets.
Note: Segment shares of all individual segments available upon report purchase
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By Product: Quarter-Turn Valves Maintain Leadership amid Smart Upgrades
Quarter-turn valves, spanning ball, butterfly, and plug constructions, accounted for 54% of 2024 revenue. Their compact footprints, low torque, and short actuation times continue to underpin procurement choices in refinery manifolds and water distribution loops. Multi-turn valves grow faster (5.8% CAGR) where precise throttling is paramount, yet rising automation mandates still favour quarter-turn designs because ISO-5211 mounting pads ease actuator integration. New offerings such as Emerson’s AVENTICS XV series double the airflow of earlier generations, lowering cycle time in pneumatic networks.
By Valve Function: Isolation Valves Safeguard Critical Systems
Isolation valves represented 60% of 2024 revenue, thanks to their indispensability for segmenting pipes during maintenance or emergencies. In high-hazard domains, operators demand zero-leak line blind technologies that guarantee positive double isolation and bleed. Check and safety valves together form the fastest-growing slice at 7.2% CAGR, as LNG carriers and hydrogen trailers require redundant over-pressure protection. Certification to SIL-3 functional-safety standards is now a prerequisite for many tenders, tightening approval barriers and elevating average selling prices across the industrial valves market.
By Body Material: Steel Dominates but Alloys Gain Momentum
Steel bodies, combining carbon and stainless grades, captured 45% of 2024 turnover because of their cost-performance sweet spot in mainstream temperature and pressure envelopes. Yet alloy-based materials are expanding at 7.5% CAGR, driven by aggressive media such as acid gas, brine, and hydrogen sulphide in the energy and process industries. Nickel price volatility accelerates substitution, with super-duplex or nickel-aluminium bronze displacing traditional 9%-nickel steels in some cryogenic spheres.
Material innovation also targets fugitive-emission limits: low-carbon alloys facilitate precision machining tolerances that reduce stem friction and packing wear. As metallurgical research and development translates into new valve standards, the industrial valves market benefits from a steady refresh cycle that rewards suppliers able to validate alternative alloys quickly. Regional foundry constraints still pose bottlenecks, but globalised qualification programmes are shortening time to market.
By Application: Oil and Gas Leads while New Energy Surges
Oil and gas applications garnered 40% of the 2024 industrial valves market revenue, supported by improved offshore project economics in Brazil and the Gulf of Mexico. Nonetheless, the new-energy segment, inclusive of hydrogen, carbon capture, and renewable heat transfer loops, is forecast to climb at 9.38% CAGR due to policy-backed decarbonisation. Each electrolyser skid integrates dozens of precision valves, and carbon-capture compressors require low-temperature, tight-shut gate valves.
Operators are also retrofitting existing gas pipelines with hydrogen-ready sleeves, spurring incremental demand for elastomer-free seals. As carbon-neutral roadmaps mature, the industrial valves market size for new-energy applications could close the gap with legacy hydrocarbon service.
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Geography Analysis
Asia-Pacific leads the industrial valves market with 40% of 2024 spending. The region’s momentum stems from China’s petrochemical complexes, India’s distributed water treatment build-outs, and the rise of LNG receiving terminals. China is forecast to commission the bulk of global regasification projects before 2030, increasing on-site requirements for cryogenic isolation and emergency shutdown valves.
Planned U.S. LNG export expansions of 18% in 2025 point to a near-term installation wave for pressure-relief, anti-surge, and blow-down packages[2]U.S. DOE, “Public GPLNG Request for Extension,” energy.gov . Digital retrofits are gathering pace in Gulf Coast chemical corridors, where predictive analytics shorten turnaround cycles. Canada’s carbon-capture incentives also stimulate demand for corrosion-resistant alloy valves in CO₂ transport networks.
Europe’s market reflects accelerating hydrogen commitments, environmental compliance and aging infrastructure replacement. The Middle-East and Africa are the fastest-growing regions at 6.51% CAGR. Saudi Arabia and the UAE jointly constitute 65% of GCC desalination throughput, and their expansion to 80 million m³/day by 2050 underlines sizable valve procurement pipelines
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Competitive Landscape
The industrial valves market is highly fragmented. Tier-one competitors emphasise digital differentiation. Emerson continues to embed edge analytics in AVENTICS and ASCO ranges, offering integrated diagnostics that reduce mean time to repair. Price competition remains fierce in commodity cast-iron butterfly valves, where Asian OEMs leverage low labour costs.
Industrial Valves Industry Leaders
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Emerson Electric Co.
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Flowserve Corporation
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KITZ Corporation
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Metso
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SLB
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- January 2025: IMI signed an anti-surge valve contract covering North Sea compressor stations, bolstering its footprint in offshore energy,
- October 2024: Flowserve Corporation completed the USD 305 million acquisition of MOGAS Industries, enhancing severe-service offerings.
- July 2024: Emerson introduced the AVENTICS XV pneumatic valve family, delivering higher flow in compact formats for factory automation.
Research Methodology Framework and Report Scope
Market Definitions and Key Coverage
Our study treats the industrial valves market as all factory-built mechanical devices whose primary purpose is to start, stop, or modulate the flow of liquids, gases, or slurries within industrial piping and process systems, irrespective of actuation type. According to Mordor Intelligence, revenues are captured at the valve manufacturer's point of sale and are reported in USD terms across 27 national markets.
Scope Exclusions: household plumbing faucets, micro-fluidic laboratory valves, and standalone actuators are not counted.
Segmentation Overview
- By Type
- Ball Valve
- Butterfly Valve
- Gate Valve
- Globe Valve
- Plug Valve
- Other Types
- By Product
- Quarter-Turn Valve
- Multi-Turn Valve
- Other Products
- By Valve Function
- Isolation Valves
- Regulation Valves
- Check and Safety Valves
- By Body Material
- Steel (Carbon and Stainless Steel)
- Alloy-Based (Duplex, Inconel, etc.)
- Cast/Ductile Iron
- Cryogenic Nickel Alloys
- Others
- By Application
- Oil and Gas
- Power
- Water and Wastewater Management
- Chemicals
- New Energy
- Other Applications (Includes Food Processing, Mining, and Marine)
- By Geography
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Vietnam
- Malaysia
- Thailand
- Rest of Asia-Pacific
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- Italy
- France
- Nordics
- Turkey
- Russia
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Colombia
- Rest of South America
- Middle-East and Africa
- Saudi Arabia
- United Arab Emirates
- Qatar
- Egypt
- Nigeria
- South Africa
- Rest of Middle-East and Africa
- Asia-Pacific
Detailed Research Methodology and Data Validation
Primary Research
Mordor analysts interviewed procurement leads at midstream oil operators across the United States, EPC contractors in the Middle East, and water-utility maintenance managers in Southeast Asia. These discussions verified average selling prices, service-life replacement cycles, and upcoming shutdown schedules, filling gaps that public statistics cannot bridge.
Desk Research
We began with trade data from sources such as UN Comtrade, US International Trade Commission databases, and Eurostat to size cross-border valve flows. Industry codes from the International Valve Manufacturers Association and China Valve Association clarified production clusters. Energy Information Administration refinery additions, International Desalination Association project lists, and World Steel Association price indices added volume, project pipeline, and cost context. Subscription files from D&B Hoovers and Dow Jones Factiva helped validate leading suppliers' revenue splits. The examples above are illustrative; many further public and paid sources informed our desk review.
Market-Sizing & Forecasting
A top-down model converts production plus net-import data into apparent consumption, which is then checked against sampled ASP × unit estimates gathered from supplier roll-ups. Key variables include: 1) upstream and midstream CAPEX trends, 2) desalination plant capacity additions, 3) refinery turnaround frequencies, 4) regional steel price movements, and 5) smart-valve retrofit rates. A multivariate regression forecasts each driver, while scenario analysis adjusts for cyclical oil prices. Bottom-up approximations reconcile any material divergence greater than three percent.
Data Validation & Update Cycle
Outputs pass two analyst reviews where anomalies against historic demand ratios and peer signals are flagged. We refresh the model annually; material events such as large LNG trains or force-majeure outages trigger interim updates. Before publication, a fresh validation ensures clients receive the newest view.
Why Mordor's Industrial Valves Baseline Stands Firmly Credible
Published figures often differ because firms pick dissimilar product mixes, price anchors, and refresh cadences. We acknowledge those realities upfront before explaining the main gap drivers below.
Key gap drivers include broader component inclusion by some publishers (actuators, instrumentation), reliance on global shipment value without regional ASP variation, and less frequent model refresh cycles that overlook recent hydrogen and desalination projects influencing 2025 demand.
Benchmark comparison
| Market Size | Anonymized source | Primary gap driver |
|---|---|---|
| USD 74.34 B (2025) | Mordor Intelligence | - |
| USD 95.58 B (2024) | Global Consultancy A | Includes actuators and aftermarket services, limited regional ASP differentiation |
| USD 78.10 B (2024) | Industry Analysis Firm B | Uses shipment volumes with flat global ASP, excludes project-specific premium alloys |
The comparison shows that once scope creep and pricing shortcuts are stripped away, Mordor's disciplined variable set and annual refresh cycle provide a balanced, transparent baseline that decision-makers can trace and replicate.
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Key Questions Answered in the Report
What is the current size of the industrial valves market?
The industrial valves market size stands at USD 74.34 billion in 2025 and is forecast to reach USD 92.53 billion by 2030.
Which valve type holds the largest industrial valves market share?
Ball valves lead with a 40% share in 2024, reflecting widespread use in pipelines and process isolation.
Why are hydrogen projects important for valve suppliers?
Hydrogen production and carbon-capture projects demand high-pressure, low-permeation valves, adding roughly 1.2% to overall market CAGR through 2030.
Which region is growing fastest for industrial valves?
The Middle East and Africa region is projected to post a 6.51% CAGR to 2030, driven by desalination and petrochemical investments.
How are supply-chain issues affecting valve manufacturing?
Nickel-based alloy shortages extend casting lead times beyond 40 weeks, forcing manufacturers to adopt alternative alloys and redesign products.
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