According to IMARC Group’s latest report, titled “Industrial Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global industrial valves market reached a value of US$ 64.04 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 97.19 Billion by 2027, exhibiting at a CAGR of 7.3% during 2022-2027.
Industrial valves are mechanical devices used to regulate the flow and pressure of liquids, gases, and slurries in a piping system. The major components of valves are body (or enclosure), bonnet, actuator, valve member and seat. Industrial valves assist in stopping the flow rate through the pipe whenever required, prevent flow return to the pressurized side and protect equipment from overpressure hazards. These valves are available in numerous types based on different sizes, designs, functions and operations. As a result, industrial valves are widely adopted across the chemical, pharmaceutical, water & wastewater treatment, food and beverage (F&B), power, and oil & gas sectors.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
Rapid industrialization, along with the increasing automation in industrial processes, is currently bolstering the industrial valves market. Apart from this, the growing number of oil and gas (O&G) exploration activities in both onshore and offshore locations, is further propelling the demand for industrial valves. Additionally, continuous upgradations in nuclear power stations and petroleum refining plants for remote monitoring from a centralized locations are further augmenting the market growth. Moreover, the rising integration of industrial valves with smart water metering systems in water and wastewater treatment plants will continue to drive the market growth in the coming years.
Industrial Valves Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the industrial valves market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- AVK Holding A/S
- Cameron International Corporation (Schlumberger)
- The Crane Company
- Emerson Electric Co.
- Flowserve Corporation
- Forbes Marshall
- IMI Plc
- Kitz Corporation
- Neway Valves (Suzhou) Co. Ltd.
- Samson AG
- Velan Inc.
Key Market Segmentation:
The report has segmented the global industrial valves market on the basis of product type, functionality, material, size, end use industry and region.
Breakup by Product Type:
- Gate Valve
- Globe Valve
- Butterfly Valve
- Ball Valve
- Check Valve
- Plug Valve
Breakup by Functionality:
- On-Off / Isolation Valves
- Control Valves
Breakup by Material:
- Cast Iron
- Alloy Based
Breakup by Size:
- Up To 1”
- 51” and Above
Breakup by End Use Industry:
- Oil and Gas
- Water and Wastewater Treatment
- Food and Beverage
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iran, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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