Valves Market size was valued at USD 80.2 Billion in 2024 and is projected to reach USD 109.5 Billion by 2033, exhibiting a CAGR of 3.6% from 2026 to 2033.
In 2022, the global industrial valves market was valued at approximately USD 68.17 billion, with projections indicating growth at a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2023 to 2030. The Asia Pacific region held a significant market share, accounting for over 42.8% of the total revenue in 2022. This dominance is attributed to the regions rapid industrialization, increasing consumption of chemicals, and escalating construction activities. Furthermore, capacity expansions in petroleum refining plants and the construction of new nuclear power stations have fueled the demand for industrial valves in the region. North America is expected to experience substantial growth over the forecast period, driven by the replacement of outdated valves with more efficient industrial valves for gas transportation. The increasing production of shale gas and oil sands offers significant growth potential for the market across this region. Europe is also projected to witness notable growth, with a significant CAGR from 2023 to 2030, due to the increasing number of industrial projects and stringent environmental regulations prioritizing energy efficiency and sustainable practices. Latin America is anticipated to see significant market growth, supported by the expansion of industrial sectors such as mining, oil and gas, energy, and water management.
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Emerson
IMI
Kitz Group
Flowserve
GE
Crane Company
Metso
Cameron (Schlumberger)
KSB Group
Velan
NEWAY
SANHUA
YUANDA VALVE
Watts Water Technologies
Honeywell International
Inc.
Bürkert Fluid Control Systems
AVK Group
Circor Energy
Johnson Controls
DunAn
Beijing Valve General Factory Co.
Ltd
SUFA Technology Industry Co.
Ltd.
CNNC
SICHUAN FEIQIU GROUP
CHAODA
DAZHONG VALVE GROUP ENERGY CO.
LTD
BTL
JIANGSU SHENTONG
WEFLO
Shanghai Valve Factory Co.
Ltd.
Parker Hannifin
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 Market
Gate Valves
Ball Valves
Butterfly Valves
Check Valves
Globe Valves
Pressure Relief Valves
Control Valves
Metal
Stainless Steel
Carbon Steel
Brass
Bronze
Plastic
PVC
CPVC
PVDF
Oil and Gas
Water and Wastewater Treatment
Power Generation
Pulp and Paper
Food and Beverage
Pharmaceuticals
Chemical Processing
Manual
Pneumatic
Electric
Hydraulic
Small Size (Less than 2 inches)
Medium Size (2 to 6 inches)
Large Size (More than 6 inches)
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 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 Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Valves Market, By Type
6. Global Valves Market, By Application
7. Global Valves Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Valves Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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