Industrial Valves Market – Growth, Trends, and Forecast (2019 – 2024)

The Global Industrial Valves Market is segmented by Type (Butterfly Valve, Ball Valve, Globe Valve, Gate Valve, Plug Valve, and Other Types), Product (Quarter-turn Valve, Multi-turn Valve, and Other Products), Application (Power, Water and Wastewater Management (Including Desalination), Chemicals, Oil and Gas, Food Processing, and Other Applications), and Geography

Market Snapshot

Industrial Valves
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR (2019 - 24):

5.33%

Key Players:

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Market Overview

The global industrial valves market is expected to record a CAGR of 5.33% during the forecast period of 2019–2024. The major factor driving the market studied is the growing demand from the power and chemical industries. Stagnant industrial growth in developed countries is expected to hinder the growth of the market studied.

  • The oil and gas industry dominated the market in 2017, and it is expected to experience growth during the forecast period, owing to the increasing oil and gas activities across the world.
  • Increasing demand for automatic valves is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India.

Scope of the Report

The global industrial valves market report includes:

Type
Butterfly Valve
Ball Valve
Globe Valve
Gate Valve
Plug Valve
Other Types
Product
Quarter-turn Valve
Multi-turn Valve
Other Products (Control Valves)
Application
Power
Water and Wastewater Management (Including Desalination)
Chemicals
Oil and Gas
Upstream
Mid-stream
Downstream
Food Processing
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Australia & New Zealand
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Russia
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from Power Industry

  • In the power industry, valves are used for various applications, such as boiler startups, feed pump recirculation, steam conditioning, and turbine by pass.
  • For instance, valves in the condensate system are used to control and regulate the additional flow required for fluid recirculation condensate pump. Furthermore, valves are also used to control the deaerator level for feed water heater.
  • For the food water system in the power industry, valves are used for boiler feed pump recirculation and the valve plays a key role in this scenario, as it should be operated in on-off and modulating service.
  • Additionally, in main stream systems, the valves are used for super heaters, turbine bypass, super heater bypass, etc. A modulating valve is used for controlling pressure.
  • As of December 2017, 61 nuclear power plants, with 99 nuclear reactors were operating commercially in the United States. The government is planning for a number of new reactor installations, in order to increase nuclear-based power generation. Hence, the country is expected to witness four new units, which are expected to come online by 2021.
  • Additionally, the government’s focus on increasing the capacity additions of power plants across the country is the factor that is boosting the demand for cooling water treatment chemicals. Such aforementioned factors are boosting the demand for valves in the power industry.
Segmentation - Global Industrial Valves Market

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Asia-Pacific Region to Dominate the Market

The Asia-Pacific region dominated the global market share in 2017. With growing oil and gas industrial activities and the increasing need for water treatment in countries, such as China, India, and Japan, the usage of industrial valves is increasing in the region. The consumption of industrial valves is high in oil and gas, and the downstream production has increased in the country. This is further increasing the production capacities of petrochemicals, thus augmenting the consumption of industrial valves in the country. Chemical plants is another prominent end-user industry in China. Many major companies in the market have their chemical plants in China. These companies increased their production capacities, in order to increase the consumption of industrial valves. The other major industry in the country is the water treatment facility, which is used in different industries. The growing fuel demand is augmenting the demand to increase the refining capacity, due to increased sales of passenger cars, replacement of LPG as a cooking fuel, increasing urbanization, along with the demand for infrastructure and consumer goods. The aforementioned factors, coupled with government support, are contributing to the increasing demand for industrial valves consumption in the region during the forecast period.

Regional - Global Industrial Valves Market1

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Competitive Landscape

The global industrial valves market is highly fragmented, with the top 10 players accounting for 15% of the total market share. The major companies include Schlumberger Limited (previously Cameron International), Emerson Electric Co., Flowserve Corporation, IMI PLC, and Crane Co. 

Major Players

  1. Schlumberger Limited
  2. Emerson Electric Co.
  3. Flowserve Corporation
  4. IMI PLC
  5. Crane Co.

* Complete list of players covered available in the table of contents below

Market Concentration - Global Industrial Valves Market

Download the market shares of key players in this industry.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

      1. 4.1.1 Growing Demand from the Power Industry

      2. 4.1.2 Increase in Demand for Desalination Activity

      3. 4.1.3 Increase in Demand from the Chemical Industry

    2. 4.2 Market Restraints

      1. 4.2.1 Stagnant Industrial Growth in Developed Countries

    3. 4.3 Value Chain / Supply Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Butterfly Valve

      2. 5.1.2 Ball Valve

      3. 5.1.3 Globe Valve

      4. 5.1.4 Gate Valve

      5. 5.1.5 Plug Valve

      6. 5.1.6 Other Types

    2. 5.2 Product

      1. 5.2.1 Quarter-turn Valve

      2. 5.2.2 Multi-turn Valve

      3. 5.2.3 Other Products (Control Valves)

    3. 5.3 Application

      1. 5.3.1 Power

      2. 5.3.2 Water and Wastewater Management (Including Desalination)

      3. 5.3.3 Chemicals

      4. 5.3.4 Oil and Gas

        1. 5.3.4.1 Upstream

        2. 5.3.4.2 Mid-stream

        3. 5.3.4.3 Downstream

      5. 5.3.5 Food Processing

      6. 5.3.6 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Australia & New Zealand

        6. 5.4.1.6 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

        4. 5.4.2.4 Rest of North America

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Russia

        6. 5.4.3.6 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Alfa Laval

      2. 6.4.2 AVK Holding AS

      3. 6.4.3 Broer Group

      4. 6.4.4 CIRCOR International Inc.

      5. 6.4.5 Crane Co.

      6. 6.4.6 Curtiss-Wright Corporation

      7. 6.4.7 Danfoss AS

      8. 6.4.8 Emerson Electric Co.

      9. 6.4.9 Georg Fischer Ltd

      10. 6.4.10 Flowserve Corporation

      11. 6.4.11 General Electric (Baker Hughes)

      12. 6.4.12 Hitachi Metals Ltd

      13. 6.4.13 Honeywell International Inc.

      14. 6.4.14 IMI PLC

      15. 6.4.15 ITT Inc.

      16. 6.4.16 KITZ Corporation

      17. 6.4.17 Mueller Water Products Inc.

      18. 6.4.18 NIBCO INC.

      19. 6.4.19 Okano Valve Mfg. Co. Ltd

      20. 6.4.20 Saint-Gobain

      21. 6.4.21 Schlumberger Limited

      22. 6.4.22 TechnipFMC PLC

      23. 6.4.23 The Weir Group PLC

      24. 6.4.24 Valvitalia SpA

      25. 6.4.25 Xylem

      26. 6.4.26 DUNAN

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increase in Demand for Automatic Valves

**Subject to Availability

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