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

The Global Industrial Valves Market Research Report 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, Chemicals, Oil and Gas, and Other Applications (Includes Food Processing, Mining, and Marine)), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Industrial Valves Market Size

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Industrial Valves Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Industrial Valves Market  Major Players

*Disclaimer: Major Players sorted in no particular order


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Industrial Valves Market Analysis

The industrial valves market is projected to register a CAGR of over 5% during the forecast period.

  • Oil and gas are the key industries using valves. The industry was halted during the lockdown. The COVID-19 pandemic negatively impacted the industrial valve market owing to this factor, and the market was expected to observe steady growth by the end of 2022.
  • Over the short term, the major factors driving the market studied are the growing demand from the power and chemical industries. The increase in demand for desalination activity has also driven the market's growth.
  • However, stagnant industrial growth in developed countries is expected to hinder the growth of the market studied.
  • Nevertheless, an increase in demand for automatic valves is expected to increase the demand for industrial valves over the forecast period.
  • The Asia-Pacific region is expected to dominate the market, and it is estimated to witness the highest CAGR during the forecast period.

Industrial Valves Market Trends

This section covers the major market trends shaping the Industrial Valves Market according to our research experts:

Increasing Demand from the Power Industry

  • In the power industry, valves are used for various applications, such as boiler startups, feed pump recirculation, steam conditioning, and turbine bypass.
  • For instance, valves in the condensate system are used to control and regulate the additional flow required for a fluid recirculation condensate pump. Furthermore, valves are also used to control the deaerator level for the feedwater heater.
  • For the feedwater system in the power industry, valves are used for boiler feed pump recirculation. The valve plays a key role in this scenario, as it should be operated in on-off and modulating service.
  • Additionally, in mainstream systems, the valves are used for superheaters, turbine bypass, superheater bypass, etc. A modulating valve is used for controlling pressure.
  • By 2030, the global electricity demand is estimated to grow by 75%. Even though the energy generated by renewable sources is proliferating, the scale of electricity produced by them is not enough to satiate the rapidly growing demand.
  • According to the World Energy Outlook- International Energy Agency forecast, more than 2,457 gigawatts (GW) of power capacity is expected to be installed worldwide over the next 25 years.
  • 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 valves in the power industry.
Industrial Valves Market, OCAGR (%), by Application, Global, 2022-2027

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominates the global market share. 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 Asia-Pacific region is the leading contributor to the world's specialty chemicals economy, holding a significant revenue share of nearly 36%.
  • Southeast Asia is expected to start a total of 54 oil and gas projects across six countries between 2021 and 2025. Together, they would represent about 223,000 barrels per day of global crude production and about 8.1 billion cubic feet per day of global gas production in 2025.
  • Wastewater treatment plants are also being increasingly produced following massive industrialization in countries such as China, India, and the ASEAN region,
  • The aforementioned factors, coupled with government support, are expected to contribute to the increasing demand for industrial valves consumption in the region during the forecast period.
Industrial Valves Market- Growth Rate by Region, 2022-2027

Industrial Valves Industry Overview

The industrial valves market is highly fragmented, with the top ten players accounting for less than 15% of the total market share. The major companies include Schlumberger Limited, Emerson Electric Co., Flowserve Corporation, IMI, and Crane Co., among others.

Industrial Valves Market Leaders

  1. Schlumberger Limited

  2. Emerson Electric Co.

  3. Flowserve Corporation

  4. Crane Co.

  5. IMI

*Disclaimer: Major Players sorted in no particular order

Industrial Valves Market  Concentration
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Industrial Valves Market News

  • November 2022: IMI Saudi Industry, a subsidiary of IMI Critical Engineering, unveiled a new 5,000 m2 facility in Dammam that will supply innovative valve solutions and strengthen national manufacturing capabilities in line with the Saudi Arabian government's plans to localize key products.
  • November 2022: James Walker introduced the Supagraf HT valve stem seal for molten salt media. It can bear ultra-high temperatures combined with chemically aggressive and corrosive media such as molten salts, providing some of the most demanding conditions for valves, process equipment, and products used to seal such applications.

Industrial Valves Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Power and Chemical Industry

      2. 4.1.2 Increase in Demand for Desalination Activity

    2. 4.2 Restraints

      1. 4.2.1 Stagnant Industrial Growth in Developed Countries

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    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

    3. 5.3 Application

      1. 5.3.1 Power

      2. 5.3.2 Water and Wastewater Management

      3. 5.3.3 Chemicals

      4. 5.3.4 Oil and Gas

      5. 5.3.5 Other Applications (Includes Food Processing, Mining, and Marine)

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East and Africa


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

    2. 6.2 Market Share (%)**/Ranking 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 CIRCOR International Inc.

      4. 6.4.4 Crane Co.

      5. 6.4.5 Curtiss-Wright Corporation

      6. 6.4.6 Danfoss AS

      7. 6.4.7 Zhejiang Dunan Valve Co. Ltd

      8. 6.4.8 Emerson Electric Co.

      9. 6.4.9 Flowserve Corporation

      10. 6.4.10 Baker Hughes

      11. 6.4.11 Georg Fischer Ltd

      12. 6.4.12 Hitachi Ltd

      13. 6.4.13 Honeywell International Inc.

      14. 6.4.14 IMI

      15. 6.4.15 ITT Inc.

      16. 6.4.16 KITZ Corporation

      17. 6.4.17 KLINGER Group

      18. 6.4.18 Mueller Water Products Inc.

      19. 6.4.19 NIBCO Inc.

      20. 6.4.20 Okano Valve Mfg. Co. Ltd

      21. 6.4.21 Saint-Gobain

      22. 6.4.22 Schlumberger Limited

      23. 6.4.23 TechnipFMC PLC

      24. 6.4.24 The Weir Group PLC

      25. 6.4.25 Valvitalia SpA

      26. 6.4.26 Xylem

    5. *List Not Exhaustive

    1. 7.1 Increase in Demand for Automatic Valves

**Subject to Availability
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Industrial Valves Industry Segmentation

Industrial valves are mechanical devices that open, close, or partially obstruct passageways to regulate the flow of liquid or gas within a system.

The industrial valve market is segmented by type, product, application, and geography. By type, the market is segmented into butterfly valve, ball valve, globe valve, gate valve, plug valve, and other types. By product, the market is segmented into the quarter-turn valve, multi-turn valve, and other products. By application, the market is segmented into power, water and wastewater management, chemicals, oil and gas, and other applications, including food processing, mining, and marine. The report also covers the market size and forecasts for the market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Butterfly Valve
Ball Valve
Globe Valve
Gate Valve
Plug Valve
Other Types
Quarter-turn Valve
Multi-turn Valve
Other Products
Water and Wastewater Management
Oil and Gas
Other Applications (Includes Food Processing, Mining, and Marine)
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Industrial Valves Market Research FAQs

The Industrial Valves Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Schlumberger Limited, Emerson Electric Co. , Flowserve Corporation , Crane Co. and IMI are the major companies operating in the Industrial Valves Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Industrial Valves Market.

The report covers the Industrial Valves Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Industrial Valves Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Industrial Valves Industry Report

Statistics for the 2024 Industrial Valves market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Industrial Valves analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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