Valves for Oil & Gas and LNG Market Revenue was valued at USD 15.23 Billion in 2024 and is estimated to reach USD 23.45 Billion by 2033, growing at a CAGR of 5.4% from 2026 to 2033.
The global Valves for Oil & Gas and LNG Market was valued at approximately USD 15.8 billion in 2022, with a compound annual growth rate (CAGR) of 5.2% expected from 2023 to 2030. North America dominated the market in 2022, contributing around 35% of the overall market share, driven by strong demand in the United States and Canada for upstream, midstream, and downstream oil & gas activities. Europe held a significant share of the market at 22%, with major investments in offshore projects and LNG infrastructure. The Asia Pacific region is anticipated to witness the highest growth rate during the forecast period, with a projected CAGR of 6.1%, attributed to increasing exploration and production activities in countries like China, India, and Japan, alongside the growing demand for natural gas and LNG in the region.
In addition, the Middle East and Africa (MEA) region is projected to maintain steady growth, owing to large scale oil production in countries such as Saudi Arabia, UAE, and Qatar, which also have a growing LNG sector. Latin America contributed approximately 8% to the overall market share in 2022, with a focus on offshore drilling and LNG terminal expansions. Opportunities in the Valves for Oil & Gas and LNG Market are particularly focused on the development of advanced valves with higher efficiency, durability, and safety features that cater to increasingly complex energy infrastructure. As global oil and gas reserves continue to be explored and expanded, the demand for specialized valves designed for these critical operations is expected to grow steadily across all regions.
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Emerson
Flowserve
Cameron
Kitz
KSB
AVK
IMI
Parker Hannifin
Tomoe
Bray
Watts Water Technologies
Circor
Neway
Kirloskar
ARI
Valmet
Baker Hughes
Kent Valve
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Valves for Oil & Gas and LNG Market
Ball Valve
Gate Valve
Globe Valve
Check Valve
Control Valve
Butterfly Valve
Cast Steel
Stainless Steel
Alloy-based
Carbon Steel
Brass
Plastic
Upstream
Midstream
Downstream
LNG Processing
Low Pressure
Medium Pressure
High Pressure
Ultra-high Pressure
Oil & Gas
LNG
Petrochemical
Power Generation
Chemical Processing
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Valves for Oil & Gas and LNG Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Valves for Oil & Gas and LNG Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Valves for Oil & Gas and LNG Market, By Type
6. Global Valves for Oil & Gas and LNG Market, By Application
7. Global Valves for Oil & Gas and LNG Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Valves for Oil & Gas and LNG Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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