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Global Industrial Valves Market by Valve Type (Gate (Parallel, Wedge), Globe (Tee, Angle, Wye), Ball (Trunnion, Floating, Threaded Series), Butterfly (High Performance, Lined), Plug (Lined, Lubricated, Non-Lubricated), Check (Dual Plate, Piston Lift, Spring Loaded Disk, Swing Check, Tilting Check, Y Pattern, T Pattern), Safety Relief (Spring Loaded, Pilot Operated), Other Customized), Valve Material (Cast Steel, Carbon Steel, Stainless Steel, Bronze, Other Alloys) End-Use Industry (Oil & Gas, Chemical, Water & Wastewater Treatment, Power Plants, Paper & Pulp, Others), Function (Manual, Automatic) and Region - Global Forecast to 2028

Customization
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The industrial valves market is projected to grow at a CAGR of 5.80%, with estimated market size of USD 59.1 billion in 2021 to USD 82.9 billion by 2028. One of the key factors fueling the market expansion for industrial valves is the rise in infrastructure-related activities. Industrial valves are in greater demand due to increased infrastructure-related projects and the expansion of private infrastructure investment (PPI). Additionally, improving industrial equipment performance and lubricant life with continuous lubricant filtration speeds up market growth. Continuous use of these systems also helps to reduce the costs associated with machinery repairs and production downtime. The market for industrial valves is further benefited from expanding urbanization, lifestyle changes, a boom in investments, and rising consumer expenditure. Additionally, throughout the projection period, the expansion of refineries and petrochemical facilities and the adoption of Industry 4.0 and IoT in industrial valves provide lucrative prospects to market participants. On the other hand, it is anticipated that local manufacturers' low-cost valve offerings and the absence of established standards will hinder market expansion.
 
Industrial Valves Market Dynamics

Drivers: Growing demand for valves from healthcare and pharmaceuticals industries due toCOVID-19 pandemic

The healthcare and pharmaceutical sectors are at the vanguard of fighting the COVID-19 pandemic due to its rapid spread. There is an increase in the creation of all essential medical devices needed to treat COVID-19 patients. Several significant industry firms have seized the chance to help in the effort to combat this pandemic since industrial valves are crucial to the production of various types of medical equipment. Emerson's valves, for instance, can control pressure relief, maintain the cleanliness of the materials and components in sterilizers and oxygen therapy devices, and support analyzers and other crucial hematology equipment. Additionally, pop-up and remote hospitals and triage centers receive oxygen supply through the company's high-pressure and high-purity valves.

Restraints: Lack of standardized policies

Manufacturers of valves must abide by the various certifications and laws in each region. Due to the wide use of valves in numerous end-user sectors, this factor leads to diversity in product requirements. However, due to the need for industry participants to modify the same product by regional rules, which makes it challenging for valve manufacturers to attain an optimal installation cost, this diversity is impeding the growth of the valve market. They must use their resources to establish production facilities in other places to address this problem, which will require extra capital investments.

Opportunities: Use of lloT and Industry 4.0 in industrial valves

Valves are essential parts of a variety of industrial machinery. Using conventional schedule-based maintenance techniques, manufacturing organizations cannot be warned about probable valve failures. As a result, when inspecting valves, technicians frequently report defects, leading to unplanned downtime that could have been avoided by using the Industrial Internet of Things (loT). But recent advancements in data science, connectivity, and computer power have made it possible for businesses to use loT technology to cut down on unscheduled downtime caused by valve failures. With the help of the Internet of Things (IoT), valve specialists may remotely check on the condition of the valves in a plant and measure their effectiveness, lifespan, and failure risk, resulting in improved valve performance and a secure working environment.

The globe category is estimated to be the largest growth in the steam engine market during the forecast period

The globe category dominated the market. Globe valves, which govern by the position of a movable disc concerning the stationary ring seat, are among the most often used valves for controlling the flow in a pipeline. The globe valve's main benefit is that it doesn't leak as much as other valves. These valves are used in various industries for their advantages, including superior full-closing properties, quicker opening and closing times, and positive shut-off. Additionally, they can function as stop-check valves.

Oil & gas is estimated to be the largest growing market category during the forecast period

The oil & gas segment is projected to grow the fastest during the forecast period due to the expansion of the transportation industry, rising energy prices, and expanding drilling operations in Gulf Cooperation Council (GCC) nations. The COVID-19 pandemic outbreak, however, has caused an economic catastrophe that the globe is still recuperating from. After COVID-19, the growing need for maintenance work in the oil and gas industry would present profitable business prospects. The need for maintenance operations would also increase opportunities for maintenance service providers in the oil & gas industries, increasing the demand for valves. This is because most of the existing oil and gas refineries are aging.

The North American segment is estimated to be the largest growing market during the forecast period

North America is the largest industrial valve market, projected to grow fastest during the forecast period. Since several of the greatest global firms, like Emerson (U.S.), Cameron-Schlumberger (U.S.), and Flowserve Corporation, are based in North America, the continent is a significant market for industrial valves (U.S.). Among the key drivers propelling the market in North America are the increased need for safety applications and the region's expanding R&D efforts connected to using actuators in valves for automation. In the U.S., industrial valve application fields are being expanded by industry-level R&D in various sectors, including energy & power and chemicals. Oil and gas, energy and electricity, and water and wastewater treatment industries all employ control valves to start, stop, or throttle flow and ensure safe and effective process automation.

Key Market Players

The industrial valve market is dominated by a few global players and comprises several regional players. Some key manufacturers operating in the market are G.E. Company, Emerson, Flowserve Corporation, Schlumberger Limited, TechnipFMC Plc, KSB SE & Co. KGaA, KITZ Corporation, Alfa Laval Corporate AB, Curtiss-Wright Corp., CIRCOR International, Inc., Oilwell Varco, Inc., Weir Group Plc., Neway Valves, AVK International A/S, Flowserve Corporation and LESER GmbH & Co. K.G.

Recent Developments
  • In October 2021, Emerson introduced the first complete valve assemblies that meet safety integrity level 3 (SIL) requirements under the International Electrotechnical Commission's IEC 61508 standard.
  • In September 2021, ToA Valve Engineering Inc. (Japan) common shares will be acquired by KITZ Corporation, which also announced the signing of a capital and business cooperation agreement. By sharing ideas, technology, and strengths linked to valves, this commercial collaboration enabled both companies to increase their corporate value and grow their businesses.
  • In January 2021, Flowserve Corporation launched a new loT service suite, RedRaven, for the remote monitoring of facilities. RedRaven advanced loT condition monitoring helps plants monitor valve performance and proactively identify and address issues before failures.
  • In February 2020, Schlumberger Limited opened a manufacturing center in King Salman Energy Park (SPARK), Saudi Arabia, that supports Saudi Aramco's In-Kingdom Total Value Add (IKTVA) program to promote economic growth.
Segmentation of Global Industrial valves Market-

Global Industrial Valves Market – By Valve Type
  • Gate
    • Parallel
    • Wedge
  • Globe
    • Tee
    • Angle
    • Wye
  • Ball
    • Trunnion
    • Floating
    • Threaded Series
  • Butterfly
    • High Performance
    • Lined
  • Plug
    • Lined
    • Lubricated
    • Non-Lubricated
  • Check
    • Dual Plate
    • Piston Lift
    • Spring Loaded Disk
    • Swing Check
    • Tilting Check
    • Y Pattern
    • T Pattern
  • Safety Relief
    • Spring Loaded
    • Pilot Operated
  • Other Customized
 Global Industrial ValvesMarket – By Valve Material
  • Cast Steel
  • Carbon Steel
  • Stainless Steel
  • Bronze
  • Other Alloys
Global Industrial ValvesMarket – By End-Use Industry
  • Oil & Gas
  • Chemical
  • Water & Wastewater Treatment
  • Power Plants
  • Paper & Pulp
  • Others
Global Industrial Valves Market – By Function
  • Manual
  • Automatic
Global Industrial Valves Market – By Region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa
CHAPTER NO. 1 :    Preface

            1.1.    Report Scope and Description
                        1.1.1.    Study Purpose
                        1.1.2.    Target Audience
                        1.1.3.    USP and Key Offerings
            1.2.    Key Benefits for Stakeholders
            1.3.    Report Scope

CHAPTER NO. 2 :    Report Summary

            2.1.    Key Findings
                        2.1.1.    Top Investment Pockets
                                    2.1.1.1.    Industrial Valves Market Attractiveness Analysis, By Valve Material
                                    2.1.1.2.    Industrial Valves Market Attractiveness Analysis, By End-Use Industry
                                    2.1.1.3.    Industrial Valves Market Attractiveness Analysis, By Function
                                    2.1.1.3.    Industrial Valves Market Attractiveness Analysis, By Valve Type
                                    2.1.1.4.    Industrial Valves Market Attractiveness Analysis, By Region
            2.2.    Market Snapshot: Global Industrial Valves Market
            2.3.    Global Industrial Valves Market, 2022 – 2028 (US$ Mn)

CHAPTER NO. 3 :    COVID 19 IMPACT ANALYSIS

            3.1.    Impact Assessment of COVID-19 Pandemic, By Region
                        3.1.1.    North America: Impact of COVID-19 Pandemic
                        3.1.2.    Europe: Impact of COVID-19 Pandemic
                        3.1.3.    Asia Pacific: Impact of COVID-19 Pandemic
                        3.1.4.    Latin America: Impact of COVID-19 Pandemic
                        3.1.5.    The Middle-East and Africa: Impact of COVID-19 Pandemic
            3.2     Key Strategies Undertaken by Companies to Tackle COVID-19
            3.3.    Quarterly Market Revenue by Region 2021 & 2022
            3.4.    Pre COVID-19 Market Revenue, By Region, 2016-2019 (US$ Mn)
            3.5.    Post COVID-19 Market Revenue, By Region, 2020-2028 (US$ Mn)
            3.6.    Short Term Dynamics
            3.7.    Long Term Dynamics

CHAPTER NO. 4 :    Industrial Valves Market – BY Valve Material SEGMENT ANALYSIS

            4.1.    Industrial Valves Market Overview, by Valve Material Segment
                        4.1.1.    Industrial Valves Market Revenue Share, By Valve Material, 2021 & 2028
            4.2.    Cast Steel
            4.3.    Carbon Steel
            4.4.    Stainless Steel
            4.5.    Bronze
            4.6.    Other Alloys

CHAPTER NO. 5 :    Industrial Valves Market – BY End-Use Industry SEGMENT ANALYSIS

            5.1.    Industrial Valves Market Overview, by End-Use Industry Segment
                        5.1.1.    Industrial Valves Market Revenue Share, By End-Use Industry, 2021 & 2028
            5.2.    Oil & Gas
            5.3.    Chemical
            5.4.    Water & Wastewater Treatment
            5.4.    Power Plants
            5.6.    Paper & Pulp
            5.7.    Others

CHAPTER NO. 6 :    Industrial Valves Market – BY Function SEGMENT ANALYSIS

            6.1.    Industrial Valves Market Overview, by Function Segment
                        6.1.1.    Industrial Valves Market Revenue Share, By Function, 2021 & 2028
            6.2.    Manual
            6.3.    Automatic

CHAPTER NO. 7 :    Industrial Valves Market – REGIONAL ANALYSIS

            7.1.    Industrial Valves Market Overview, by Region Segment
                        7.1.1.    Global Industrial Valves Market Revenue Share, By Region, 2021 & 2028
                        7.1.2.    Global Industrial Valves Market Revenue, By Region, 2017 – 2028 (US$ Mn)
                        7.1.3.    Global Industrial Valves Market Revenue, By Valve Material, 2017 – 2028 (US$ Mn)
                        7.1.4.    Global Industrial Valves Market Revenue, By End-Use Industry, 2017 – 2028 (US$ Mn)
                        7.1.5.    Global Industrial Valves Market Revenue, By Function, 2017 – 2028 (US$ Mn)
            7.2.    North America
                        7.2.1.    North America Industrial Valves Market Revenue, By Country, 2018 – 2028 (US$ Mn)
                        7.2.2.    North America Industrial Valves Market Revenue, By Valve Material, 2018 – 2028
                        7.2.3.    North America Industrial Valves Market Revenue, By End-Use Industry, 2018 – 2028
                        7.2.4.    North America Industrial Valves Market Revenue, By Function, 2018 – 2028
                        7.2.5.    U.S. Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.2.6.    Canada Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.2.7.    Mexico Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
            7.3.    Europe
                        7.3.1.    Europe Industrial Valves Market Revenue, By Country, 2022 – 2028 (US$ Mn)
                        7.3.2.    Europe Industrial Valves Market Revenue, By Valve Material, 2022 – 2028
                        7.3.3.    Europe Industrial Valves Market Revenue, By End-Use Industry, 2022 – 2028
                        7.3.4.    Europe Industrial Valves Market Revenue, By Function, 2022 – 2028
                        7.3.5.    Germany Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.3.6.    France Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.3.7.    U.K. Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.3.8.    Italy Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.3.9.    Spain Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.3.10.    Rest of Europe Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
            7.4.    Asia Pacific
                        7.4.1.    Asia Pacific Industrial Valves Market Revenue, By Country, 2022 – 2028 (US$ Mn)
                        7.4.2.    Asia Pacific Industrial Valves Market Revenue, By Valve Material, 2022 – 2028
                        7.4.3.    Asia Pacific Industrial Valves Market Revenue, By End-Use Industry, 2022 – 2028
                        7.4.4.    Asia Pacific Industrial Valves Market Revenue, By Function, 2022 – 2028
                        7.4.5.    China Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.4.6.    Japan Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.4.7.    India Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.4.8.    South Korea Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.4.9.    South-East Asia Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.4.10.    Rest of Asia Pacific Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
            7.5.    Latin America
                        7.5.1.    Latin America Industrial Valves Market Revenue, By Country, 2022 – 2028 (US$ Mn)
                        7.5.2.    Latin America Industrial Valves Market Revenue, By Valve Material, 2022 – 2028
                        7.5.3.    Latin America Industrial Valves Market Revenue, By End-Use Industry, 2022 – 2028
                        7.5.4.    Latin America Industrial Valves Market Revenue, By Function, 2022 – 2028
                        7.5.5.    Brazil Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.5.6.    Argentina Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.5.7.    Rest of Latin America Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
            7.6.    The Middle-East and Africa
                        7.6.1.    The Middle-East and Africa Industrial Valves Market Revenue, By Country, 2022 – 2028 (US$ Mn)
                        7.6.2.    The Middle-East and Africa Industrial Valves Revenue, By Valve Material, 2022 – 2028
                        7.6.3.    The Middle-East and Africa Industrial Valves Market Revenue, By End-Use Industry, 2022 – 2028
                        7.6.4.    The Middle-East and Africa Industrial Valves Market Revenue, By Function, 2022 – 2028
                        7.6.5.    GCC Countries Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.6.6.    South Africa Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)
                        7.6.7.    Rest of Middle-East Africa Industrial Valves Market Revenue, 2016 - 2028 (US$ Mn)

CHAPTER NO. 8 :    Industrial Valves Market – INDUSTRY ANALYSIS

            8.1.    Introduction
            8.2.    Market Drivers
                        8.2.1.    Driving Factor 1 Analysis
                        8.2.2.    Driving Factor 2 Analysis
            8.3.    Market Restraints
                        8.3.1.    Restraining Factor Analysis
            8.4.    Market Opportunities
                        8.4.1.    Market Opportunity Analysis
            8.5.    Porter’s Five Forces Analysis
            8.6.    PEST Analysis
            8.7.    Regulatory Landscape
            8.8.    Technology Landscape
            8.9.    Value Chain Analysis

CHAPTER NO. 9 :    COMPETITIVE LANDSCAPE

            9.1.    Company Market Share Analysis – 2021
                        9.1.1.    Global Industrial Valves Market: Company Market Share, 2022
                        9.1.2    Global Industrial Valves Market: Company Market Share, 2022
            9.2.    Strategic Developments
                        9.2.1.    Acquisitions & Mergers
                        9.2.2.    New Product Launch
                        9.2.3.    Regional Expansion
            9.3.    Company Strategic Developments – Heat Map Analysis

CHAPTER NO. 10 : COMPANY PROFILES

            10.1.    G.E. Company
                        10.1.1.    Company Overview
                        10.1.2.    Key Executives
                        10.1.3.    Product Portfolio
                        10.1.4.    Financial Overview
                        10.1.5.    Operating Business Segments
                        10.1.6.    Business Segment Performance
                        10.1.7.    Recent Developments
            10.2.    Emerson
            10.3.    Flowserve Corporation
            10.4.    Schlumberger Limited
            10.5.    TechnipFMC Plc
            10.6.    KSB SE & Co. KGaA
            10.7.    KITZ Corporation
            10.8.    Alfa Laval Corporate AB
            10.9.    Curtiss-Wright Corp.
            10.10.    CIRCOR International Inc.
            10.11.    Oilwell Varco Inc.
            10.12.    Weir Group Plc.
            10.13.    Neway Valves
            10.14.    AVK International A/S
            10.15.    Flowserve Corporation
            10.16.    LESER GmbH & Co. K.G.

CHAPTER NO. 11 :    RESEARCH METHODOLOGY

            11.1.    Research Methodology
            11.2.    Phase I - Secondary Research
            11.3.    Phase II - Data Modeling
                        11.3.1.    Company Share Analysis Model
                        11.3.2.    Revenue Based Modeling
            11.4.    Phase III - Primary Research
            11.5.    Research Limitations
                        11.5.1.    Assumptions
 
No Methodology
No Available