Industrial Valves Market was valued at USD 58,200 Million in 2019 and is expected to register a CAGR of 6% during the forecast period.

Industrial Valves refers to the mechanical devices which control or regulate the pressure or flow of liquids and gases that are running through the pipelines. In an open valve, the liquid flows in a direction from the higher pressure to the lower pressure. The industrial valves can be categorized on the basis of valve type: ball valves, check valves, diaphragm valves, gate valves, globe valves, plug valves, safety valves, and other types of valves.

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The significant factors boosting the growth of the global industrial valves market include the strong demand for industrial valves in the oil and gas production and the increasing demand for flow control equipment across the globe. The emerging demand for automation derived from the rapid industrialization and the expansion of existing facilities will further strengthen the growing demand of the market. The smart valves having intelligent control systems are widely adopted by end-users to increase efficiency. In parallel, the accelerated adoption of diagnostics and smart technologies in the industrial valves is creating immense growth opportunities for the market. These valves allow the monitoring of variables such as upstream and downstream pressure steam position, flow rate, and measurement of temperature.

The rising installation of pipelines and the rapid growth in unconventional oil and gas applications, followed by the continuous technological advancement in the industrial valves, such as the introduction of smart valves with an integrated embedded processor and network capability, will attract end-users into the market. However, on the other hand, the fluctuations in the prices of raw materials and the stringent government regulations for conventional power plant will restrain the growth of the market.

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Based on the Material, the market is segmented into stainless steel, cast iron, cryogenic, alloy based, and others. Among these, the cryogenic segment is anticipated to lead the market during the forecast period. The expansion in the oil & gas industries at the global level and the rising emphasis on using cleaner fuels which will surge the demand for production and transportation of natural gas, thereby propelling the demand of the segment.

On the basis of valve type, the market is segmented into ball valves, butterfly valves, check valves, gate valves, diaphragm valves, globe valves, plug valves, and safety valves. The plug valves segment is projected to grow at a higher CAGR over the forecast period owing to its increasing adoption for a wide range of flow control and isolation applications, such as sewage cleaning, sludge, clean and dirty water, and other types of services.

Based on the size, the market is segmented into up to 1”, 1-6”, 6-25”, 25-50”, and 50” and larger. Among these, the 1-6” segment is expected to grow at a higher CAGR during the forecast period. This is attributed to its strong demand for transportation and energy & power based applications. Moreover, the growing application of these valves in oil & gas, water & wastewater, energy & power, chemical, and other industries will further complement the growth of the segment.

Based on the Verticals, the market is segmented into Oil & Gas, Water & Wastewater treatment, energy & power, chemicals, food & beverages, pharmaceuticals, construction, agriculture, pulp & paper, metals & mining, and others. The oil & gas segment is projected to lead the market over the forecast period. The accelerated production of oil sands and shale gas, followed by the rapid increase in the investments in the natural gas exploration and refineries, is the key driver boosting the growth of the segment.

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On the basis of region, Asia-pacific is expected to grow at a higher CAGR during the forecast period owing to the drastic increase in the population rate, especially in developing economies such as China and India, and the rapid urbanization. In addition to this, the strong demand for industrial valves among the energy & power, water & wastewater treatment, construction, chemicals, and pharmaceuticals sector is further surging the growth of the market in this region.

Various notable players operating in the global industrial valves market including Emerson Electric Co., The Weir Group PLC, Flowserve Corporation, Schlumberger Limited, IMI PLC, Spirax Sarco Limited, Crane Co., KITZ Corporation, Metso Corporation, and Neway Valve, among others.

Key Developments:

• • In 2020, CIRCOR International sold its instrumentation and sampling business to Crane Co. This sale will help CIRCOR to simplify their strategies and focus on their core mission-critical flow control platforms.

The global Industrial Valve market has been segmented on the basis of Material, Valve Type, Size, Industry and key regions. Based on Material, the market is segmented into Stainless Steel, Cast Iron, Cryogenic, Alloy Based and Others. Based on Valve Type, the market is segmented into Ball Valves, Butterfly Valves, Check Valves, Diaphragm Valves, Gate Valves, Globe Valves, Plug Valves and Safety Valves. Based on Size, the market is segmented into Up to 1”, 1–6”, 6–25”, 25–50” and 50” & Larger. Based on Industry the market is segmented into Oil & Gas, Water & Wastewater Treatment, Energy & Power, Chemicals, Food & Beverages, Pharmaceuticals, Construction, Agriculture, Pulp & Paper, Metals & Mining and Others.

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Key questions answered in this research report:

• • At what pace is global Industrial Valve market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Industrial Valve market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Industrial Valve market?
  • Which Material generated maximum revenues in 2019 and identify the most promising Material during the forecast period?
  • What are the various Valve Types of global Industrial Valve market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues (2019)	USD 58,200 Million
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Material, By Valve Type, By Size, By Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Emerson Electric Co., The Weir Group PLC, Flowserve Corporation, Schlumberger Limited, IMI PLC, Spirax Sarco Limited, Crane Co., KITZ Corporation, Metso Corporation, and Neway Valve, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

Global Industrial Valve Market by Material

• • Stainless Steel
  • Cast Iron
  • Cryogenic
  • Alloy Based
  • Others
    • Brass
    • Bronze
    • Plastic

Global Industrial Valve Market by Valve Type

• • Ball Valves
  • Butterfly Valves
  • Check Valves
  • Diaphragm Valves
  • Gate Valves
    • Standard Plate Gate Valves
    • Wedge Gate Valves
    • Knife Gate Valves
  • Globe Valves
  • Plug Valves
  • Safety Valves

Global Industrial Valve Market by Size

• • Up to 1”
  • 1–6”
  • 6–25”
  • 25–50”
  • 50” & Larger

Global Industrial Valve Market by Industry

• • Oil & Gas
  • Water & Wastewater Treatment
  • Energy & Power
  • Chemicals
  • Food & Beverages
  • Pharmaceuticals
  • Construction
  • Agriculture
  • Pulp & Paper
  • Metals & Mining
  • Others

Global Industrial Valve Market by Region

• • North America Industrial Valve Market (Option 1: As a part of the free 25% customization)
    • By Material
    • By Valve Type
    • By Size
    • By Industry
    • United States of America (US) Market All-Up
    • Canada Market All-Up
  • Europe Industrial Valve Market (Option 2: As a part of the free 25% customization)
    • By Material
    • By Valve Type
    • By Size
    • By Industry
    • United Kingdom (UK) Market All-Up
    • Germany All-Up Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Industrial Valve Market (Option 3: As a part of the free 25% customization)
    • By Material
    • By Valve Type
    • By Size
    • By Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Industrial Valve Market (Option 4: As a part of the free 25% customization)
    • By Material
    • By Valve Type
    • By Size
    • By Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Industrial Valve (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Emerson Electric Co.
  • The Weir Group PLC
  • Flowserve Corporation
  • Schlumberger Limited
  • IMI PLC
  • Spirax Sarco Limited
  • Crane Co.
  • KITZ Corporation
  • Metso Corporation
  • Neway Valve