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Industrial Valve Market Share

Report ID: GMI8180
Published Date: Feb 2024
Report Format: PDF

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Industrial Valve Market Share

Global Company Market Share Analysis, 2023

The industrial valve industry is highly fragmented due to the presence of numerous local & global players across the globe. In 2023, the above list of dominant market players collectively held a substantial 20% - 25% market share. These prominent players are proactively involved in strategic endeavors such as mergers & acquisitions, facility expansion, and collaborations to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to research & development, aiming to enhance their designs and integrate cutting-edge technologies, thereby ensuring that they maintain a competitive edge.

Industrial Valve Market Companies

Major companies operating in the industrial valve industry include:

ALFA LAVAL
AVK Holding A/S
Baker Hughes Company
CIRCOR International, Inc.
Crane Company
Curtiss-Wright Corporation
Danfoss
Emerson Electric Co.
Hitachi, Ltd.
Honeywell International Inc.
KSB SE & Co. KGaA
KITZ Corporation
SLB (Schlumberger Limited.)
The Weir Group PLC
Watts (Watts Water Technologies)

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of industrial valve reached USD 72 billion in 2023 and is set to grow at 6.2% CAGR from 2024 to 2032, propelled by the increasing construction of new power plants and focus on the industrial equipment performance & lubricant life.

Check valves segment accounted for USD 14.04 billion in 2023, owing to its application in chemical industry for ensuring the safety & efficiency of chemical processing systems and preventing leakage & backflow.

North America market held a revenue share of 22% in 2023, driven by the increasing energy demand.

ALFA LAVAL, AVK Holding A/S, Baker Hughes Company, CIRCOR International, Inc., Crane Company, Curtiss-Wright Corporation, Danfoss, Emerson Electric Co., Hitachi, Ltd., Honeywell International Inc.,KITZ Corporationare some of the major industry contenders.