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Industrial Valve Market Size - By Type, By Material, By Component, By Size, By End Use Industry, By Distribution Channel Analysis, Share, Growth Forecast, 2024 - 2032
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Industrial Valve Market
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Base Year: 2024
Companies covered: 15
Tables & Figures: 180
Countries covered: 18
Pages: 220
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Industrial Valve Market Size
The global industrial valve market was estimated at USD 75.9 billion in 2024 and is expected to reach USD 142.6 billion in 2034, growing at a CAGR of 6.6% from 2025 to 2034, driven by rising demand from various end use industries, infrastructure development and surging industrialization, technological valve system, and advancement in fluid control application.
Valves are important in the oil and gas sector, and they have diverse uses in regulating the movement of fluid and gas. Ball valves, for instance, account for approximately 30% of the used valves and are highly favored when it comes to cutting and resuming flow of gas because they are strong and can withstand high pressure situations, including reducing pressure drop. Gate valves, responsible for roughly 25% of applications, primarily serve to open or shut off the pathway for gas to travel through the pipes.
Finally, globe valves, responsible for roughly 20% of applications, are needed for precisely modulating the flow of gas when pressure is high. These numbers show the contribution of each valve type in handling gas, ensuring safety and reliability in oil and gas operations. Gate valves, by virtue of their service as isolation valves and control of the flow of liquid in pipelines, account for approximately 15% of use and contribute heavily to the regulation of water supply.
These mechanical devices are chosen for applications where there is little or no flow resistance, best suited for unobstructed water flow. The exception, however, are butterfly valves, which take up a 25% market share. Their small size and effectiveness in processing large volumes of water make them a top selection, particularly when the port of the valve is equal to the pipe diameter.
Industrial Valve Market Trends
Industrial Valve Market Analysis
The industrial valve industry by type is segmented into ball valves, check valves, butterfly valves, gate valves, globe valves, plug valves, diaphragm valves and others. In 2024, the check valves segment reached USD 14.8 billion and butterfly valves segment is expected to grow at CAGR of around 7.7% during 2025 to 2034.
According to the end use industry, the industrial valve market is segmented into chemical, energy & utilities, construction, metal & mining, agriculture, pharmaceutical, food & beverages, pulp & paper, and others. Energy & utilities dominated 28% of the market in 2024, due to increasing global demand and global push towards renewable energy sources.
According to the material, the industrial valve market is segmented into steel, plastic, cast iron, alloy based, and others. The steel segment captured 44% of the market in 2024, due to high strength and high corrosion resistance.
With about 79% of the North American industrial valve market share and estimated USD 17.9 billion in revenue, the United States led the market in 2024, driven by advancement in valve technology, industrialization, surging offshore renewable projects and growing oil and gas industry.
Europe: New valve sales are at a superior level in developing nations due to infrastructure development, while in developed nations in Western Europe and North America, low organic growth is keeping valve sales mainly restricted to replacements and aftermarket components and exports.
Asia Pacific: Geographically, distribution of the valves at high levels mirrors overall economic activity, though very fast increases in some nations, most notably China and India result in purchases of valves higher than would be predicted by GDP alone.
Industrial Valve Market Share
Industrial Valve Market Companies
Major players operating in the industrial valve industry are:
To improve the services and market share key players are constantly investing in technological activities and are also entering into partnerships to provide improved and better solutions for the customers. These investments are benefiting both companies and customers as they help develop and offer solutions as per the changing technological trends and thus the customer requirements.
Crane Company reported that it finalized the purchase of Technifab Products, a prominent manufacturer of vacuum insulated pipe systems and valves for cryogenic service for $40.5 million. Headquartered in Brazil, Indiana, Technifab was established in 1992. Technifab adds to Crane as part of the company's Process Flow Technologies (PFT) business segment and broadens our cryogenics capabilities into high growth semiconductor, medical and pharmaceutical end markets, and further increases our geographic reach to better serve our customers.
FPT Software and KITZ Corporation form a strategic alliance. FPT Software, the leading IT company in Vietnam, has superior technology capabilities and rich resources for the development of advanced technology. The target of this alliance is to promote further digital transformation (DX) in the manufacturing and sales of the KITZ Group and engage in stable operation of the system.
Industrial Valve Industry News
This industrial valve market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and volume (Thousand Units) from 2021 to 2034, for the following segments:
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Market, By Type
Market, By Material
Market, By Component
Market, By Size
Market, By End Use Industry
Market, By Distribution Channel
The above information is provided for the following regions and countries: