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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 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.
 

Industrial Valve Market

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

  • With advancing technology and increasing industry complexity, the way forward for industrial valve manufacturing holds immense scope for innovation, efficiency, and sustainability.
     
  • As Industry 4.0 has come along, valve production and design are being transformed by new technology such as artificial intelligence, which is evolving very rapidly on a daily basis. These technologies not only improve valve efficiency and accuracy but also generate new opportunities for customization and predictive maintenance, among many others.
     
  • Vexve's intelligent valve solution, targeted for power plants, provides the ability to optimize the network, boost reliability and make maintenance easier. The first underground smart valves proved successful in tests at Fortum's district heat network in Espoo, Finland.
     

Industrial Valve Market Analysis

Global Industrial Valve Market Size, By Type, 2021 - 2034 (USD Billion)

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.
 

  • Use of advanced materials for enhancing durability, reliability, and performance in extreme applications is one of the major trends in the design of check valves. Valves in the oil and gas, chemical process, and water treatment sectors operate under harsh conditions like high pressures, high temperature, and corrosive conditions.
     
  • Corrosion is a pervasive problem in most industrial systems, especially in processes such as wastewater treatment, chemical production, and offshore oil rigs. To counter this, producers are increasingly relying on higher-technology corrosion-resistant alloys, including duplex stainless steel, alloy 20, and Inconel, to fabricate check valves. These alloys offer much superior resistance to pitting, crevice corrosion, and overall wear and tear, ideal for abusive conditions.
     
  • Valves are important in managing fluid flow and ensuring the safe operation of energy systems. Gate valves are extensively used in coal or gas industries and account for approximately 30% of all valves in such an environment.  
     
Global Industrial Valve Market Revenue Share, By End Use Industry, (2024)

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.
 

  • Generation of energy is important to drive industries and cities, with various forms such as renewables like wind and solar and conventional like coal, nuclear, hydroelectric. Valves play an important role in the generation of energy.
     
  • According to the Dombor, valves are important for regulating fluid flow and for guaranteeing safe energy system operation. Gate valves are widely used in coal or gas industries and constitute about 30% of all valves used in such industries. The valves can effectively stop or permit flow, and hence they are necessary in handling high-pressure conditions.
     
  • In nuclear power plants, globe valves account for approximately 25% of all the valves utilized. They are selected because they can regulate flow carefully, which is very important in the maintenance of the cooling systems in the plant. In renewable energy sources, e.g., waterpower plants, butterfly valves are utilized, which account for approximately 20% of all the valves. This valve is most suited to processing high volumes of water very rapidly, which means it is critical for the control of fluid flow in generating power.  
     

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.
 

  • Stainless steel gate valves are flexible and robust enough to support a broad spectrum of fluids, including corrosive chemicals and high-temperature applications. Stainless steel is highly corrosion-resistant, well-suited for extreme environments. It is also resilient and heat-resistant.
     
  • Cast iron gate valves are also frequently employed in industrial operations, particularly in the handling of non-corrosive fluids like water, steam, and other gases. Cast iron is very robust and resilient and therefore well adapted for high-pressure applications. It is also inexpensive in non-corrosive applications.
     
U.S. Industrial Valve Market  Size, 2021 - 2034 (USD Billion)

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.
 

  • The U.S. Department of Energy states that over 322 operating offshore wind energy projects exist. With ongoing development of offshore wind in the United States, substantial investment in the U.S. domestic supply chain is essential to meeting U.S. clean energy targets. The last year reflects incredible investor confidence, with $2.1 billion invested since 2023 in port development, ship orders, talent development, research, and other supply chain investments.
     
  • With ongoing growth in U.S. offshore wind, the global perspective within the offshore wind industry continues to be to work up installations and capacity worldwide. Offshore wind installations across the world in 2023 marked the fourth highest annual installed capacity ever recorded, with new capacity of 6,326 MW. The installed capacity increased overall worldwide to 68,258 MW, including 319 operating projects and over 13,096 operational offshore wind turbines. This cumulative operating capacity growth is an increase of 10.2% from 2022. At the end of 2023 the worldwide generating capacity for all offshore wind projects was 453, 600 MW.  
     

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

  • The top five companies in Alfa Laval, Baker Hughes, CIRCOR, Crane Company, Emerson Electric, SLB and they collectively hold a share of 12%-15% in the market.
     
  •  These companies continue to acquire and merge with others, expand facilities, and make various collaborations to increase their product offerings, access customer bases, and secure their market positions.
     
  • The Alfa Laval designed ThinkTop V55 represents the new generation of hygienic diaphragm valve sensing and control units for the hygienic industries, particularly the pharmaceutical, biotech, and future-generation food industries. It is designed on tried-and-tested ThinkTop V series technology, which is relied upon by dairy, food, and beverage producers globally for its ease of setup, uncompromising reliability, advanced automation, live replacement, and real-time communication.
     
  • SCF Partners confirms the acquisition of DeltaValve and TapcoEnpro from CIRCOR International. DeltaValve and TapcoEnpro are venerable, reliable brands, established in 1982 and 1946, respectively, and are leading industrial manufacturers of heavily engineered, severe-service industrial valves that serve to support global energy infrastructure. Headquartered in Houston, Texas, TapcoEnpro is a reliable manufacturer of severe-service high-quality valves and control systems. Their solutions are applied in over 50 nations to improve automation and worker safety, minimize equipment downtime, enhance process reliability and efficiency.
     

Industrial Valve Market Companies

Major players operating in the industrial valve industry are:

  • Alfa Laval
  • AVK Holding
  • Baker Hughes
  • CIRCOR
  • Crane Company
  • Curtiss-Wright
  • Danfoss
  • Emerson Electric
  • Hitachi
  • Honeywell
  • KITZ
  • KSB
  • SLB
  • The Weir Group
  • Watts       
     

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

  • In January 2024, Baker Hughes Company, an energy technology corporation, released the Valve Lifecycle Management (VLM) Cloud application for end-user customers. The cloud application centers on three key areas: installed base management, monitoring & diagnostics, and aftermarket strategy & execution. With the introduction of the VLM cloud, every valve will be assigned a special Digital Asset Tag (DAT, a QR Code), linking the cloud application to the physical valves and giving all digital information about the valves to the end-user.
     
  • In January 2024, Crane Company bought Vian Enterprises, a worldwide designer and producer of lubrication pumps & lubrication systems, for USD 103 million. The purchase helped Crane become stronger on gearboxes, auxiliary power units, and engines.
     
  • In November 2023, Alfa Laval introduced two entry-level additions to its Unique Mixproof range of valves. Double seat valves contain two independent plugs and seals to divide the flow of liquids and ensure cross-contamination prevention; the area between the seals creates a leakage chamber at atmospheric pressure under each working condition. The Unique Mixproof Process and Unique Mixproof CIP valves introduced new safety product benefits with full media separation at all times to ensure safety and allow safe handling without risks at high pressure due to a fully balanced configuration.
     
  • In May 2023, SISTO Armaturen S.A., a subsidiary of the KSB Group, was awarded an order to deliver diaphragm valves to the new chloralkali electrolysis plant under construction at Fos-sur-Mer, France.
      

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:

Market, By Type

  • Ball valves
  • Check valves
  • Butterfly valves
  • Gate valves
  • Globe valves
  • Plug valves
  • Diaphragm valves
  • Others (safety valves etc.)    

Market, By Material  

  • Steel
  • Plastic
  • Cast iron
  • Alloy based
  • Others (bronze and brass etc.)     

Market, By Component

  • Actuators
  • Valve body
  • Others (positioners and I/P converters etc.)     

Market, By Size

  • 1”
  • 1” to 6”
  • 7” to 25”
  • 26” to 50”
  • >50”     

Market, By End Use Industry

  • Chemical
  • Energy & utilities
  • Construction
  • Metal & Mining
  • Agriculture
  • Pharmaceutical
  • Food & beverages
  • Pulp & paper
  • Others       

Market, By Distribution Channel  

  • Direct sales
  • Indirect sales      

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia 
  • Latin America
    • Brazil
    • Mexico 
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

 

Authors: Avinash Singh, Sunita Singh
Frequently Asked Question(FAQ) :
Who are the key players in industrial valve market?
Some of the major players in the industrial valve industry include Alfa Laval, AVK Holding, Baker Hughes, CIRCOR, Crane Company, Curtiss-Wright, Danfoss, Emerson Electric, Hitachi, Honeywell, KITZ, KSB, SLB, The Weir Group, Watts.
How much is the North America industrial valve market worth in 2024?
How big is the industrial valve market?
What is the size of hospitals segment in the industrial valve industry?
Industrial Valve Market Scope
  • Industrial Valve Market Size
  • Industrial Valve Market Trends
  • Industrial Valve Market Analysis
  • Industrial Valve Market Share
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    Premium Report Details

    Base Year: 2024

    Companies covered: 15

    Tables & Figures: 180

    Countries covered: 18

    Pages: 220

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