Industrial Valves in Oil and Gas Market was valued at USD 16.25 Billion in 2022 and is projected to reach USD 24.15 Billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030.
The Industrial Valves in Oil and Gas Market has experienced significant growth from 2018 to 2022, driven by the expanding global demand for oil and gas infrastructure. During this period, the sector saw increasing investments in upstream, midstream, and downstream operations, especially with a focus on expanding energy capacity and improving safety standards. Companies involved in the oil and gas industry heavily relied on advanced industrial valves to regulate flow control, pressure, and temperature, ensuring smooth and secure operations. The shift towards automation and digitalization also fueled the demand for smarter, more efficient valve solutions that could meet the growing needs of modern energy infrastructure.
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As we move into the period from 2023 to 2033, the market outlook for industrial valves in the oil and gas sector is expected to evolve considerably. With the global energy transition in mind, there is a significant emphasis on sustainability and cleaner technologies. This transition is expected to alter the demand dynamics for industrial valves, shifting focus toward valves that facilitate clean energy systems, such as hydrogen and renewable energy sources. Additionally, as the push for decarbonization increases, there will be greater demand for valves that support carbon capture, utilization, and storage (CCUS) technologies, driving further growth in the market.
The growing number of oil and gas projects in emerging economies, especially in regions like Asia-Pacific and the Middle East, will continue to bolster the market. However, the market will also witness a rise in demand for maintenance, repair, and replacement services due to the aging infrastructure in established regions. The increased investment in automation and smart technology is expected to drive demand for more sophisticated valves that can be remotely monitored and controlled, integrating seamlessly with broader industrial Internet of Things (IoT) networks. The market will also face challenges, such as fluctuating oil prices, which can affect capital investment decisions in the industry.
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Get an In-Depth Research Analysis of the Global Industrial Valves in Oil and Gas Market Size And Forecast [2025-2032]
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Cameron
Emerson
Flowserve
Pentair
AVK
4matic
A V Valves
Alfa Laval
Brooksbank
Cameroon
Camtech Valves
CIRCOR Energy
Crane
Crescent Valves
Curtiss-Wright
Fluuitek Orsenigo Valves
FMC
GE
Honeywell
IMI
ITT
KITZ
KSB
CVC Valves
Microfinish Valves
MIR VALVE
MRC Global
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Industrial Valves in Oil and Gas Market
Upstream
Midstream
Downstream
Based on Types the Market is categorized into Below types that held the largest Industrial Valves in Oil and Gas market share In 2023.
Ball valves
Plug valves
Gate valves
Globe valves
Butterfly valves
Global (United States, Global 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 Industrial Valves in Oil and Gas 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 Industrial Valves in Oil and Gas Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Valves in Oil and Gas Market, By Type
6. Global Industrial Valves in Oil and Gas Market, By Application
7. Global Industrial Valves in Oil and Gas Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Industrial Valves in Oil and Gas Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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