Middle East Industrial Valve Market Size

Middle East Industrial Valve Market was valued at USD 2.6 billion in 2023 and is estimated to grow at a CAGR of 6.3% from 2024 to 2032, due to the surge in infrastructure development. Governments across the region are investing heavily in large-scale infrastructure projects, including oil and gas facilities, water treatment plants, power generation stations, and urban development initiatives. These projects require a wide range of industrial valves for various applications, such as controlling fluid flow, regulating pressure, and ensuring safety in industrial processes. As a result, the demand for high-quality, reliable valves is increasing, thereby stimulating market growth.

Further, the ongoing diversification efforts in many Middle East economies are leading to the expansion of non-oil sectors, particularly in manufacturing and construction. This diversification is creating new opportunities for industrial valve manufacturers and suppliers. The growing emphasis on sustainable development and environmental protection is also driving the adoption of advanced valve technologies that offer improved efficiency and reduced emissions. As countries in the region continue to modernize their infrastructure and industrial capabilities, the industrial valve market is expected to experience sustained growth, with a particular focus on smart valves and valve automation solutions that can enhance operational efficiency and reduce maintenance costs.

Geopolitical instability in the Middle East region poses a significant challenge to the industrial valve market. Political tensions, conflicts, and economic sanctions in various parts of the region can disrupt supply chains, hinder project implementations, and create uncertainty for investors and businesses. These factors can lead to delays or cancellations of large-scale infrastructure and industrial projects, directly impacting the demand for industrial valves. Moreover, geopolitical instability can result in fluctuating oil prices, which is particularly relevant in oil-dependent economies. This volatility can affect government budgets and spending on infrastructure projects, potentially reducing investments in industries that heavily rely on industrial valves.

Middle East Industrial Valve Market Trends

One significant trend is the increasing adoption of smart valve technologies. As industries across the region embrace digital transformation, there's a growing demand for valves equipped with sensors and actuators that can provide real-time data and allow for remote monitoring and control. This shift towards smart valves is driven by the need for improved efficiency, reduced downtime, and enhanced safety in industrial operations. Another emerging trend is the focus on sustainability and energy efficiency. With growing environmental concerns and stricter regulations, industries are seeking valve solutions that can minimize leakage, reduce energy consumption, and improve overall process efficiency.

Middle East Industrial Valve Market Analysis

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Based on type, the check valves segment held around 19.6% share of the market in 2023. Check valves are designed to allow fluid flow in one direction while preventing backflow. They automatically open when fluid pressure is applied in the flow direction and close when pressure is reversed. The harsh environmental conditions in many Middle East countries, including high temperatures and exposure to sand, drive demand for robust, high-performance check valves.

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Based on the components, the actuators segment dominated 46.8% share of the market and is anticipated to grow at a CAGR of 6.9% through 2032. The components segment of the Middle East industrial valve market plays a crucial role in the overall valve industry, encompassing a wide range of essential parts that make up industrial valves. This segment includes actuators, positioners, control systems, and various internal components such as seats, seals, and stems.

In the Middle East region, there's a growing demand for high-quality, durable valve components that can withstand harsh environmental conditions and corrosive materials often encountered in oil and gas operations. The market is seeing a trend towards smart components, particularly in actuators and positioners, which allow for better control, monitoring, and integration with industrial automation systems.

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Middle East industrial valve market size surpassed USD 2.6 billion in 2023 and is expected to reach USD 4.4 billion by 2032, driven primarily by its thriving oil and gas sector, but also expanding into diverse industries. Countries like Saudi Arabia, UAE, and Egypt are key players in this market. The region's ongoing investments in infrastructure development, water treatment facilities, and petrochemical plants continue to fuel demand for various types of industrial valves. The Middle East market is characterized by a strong focus on localization, with many countries encouraging domestic manufacturing and assembly of valves to reduce dependence on imports and create local jobs.

Country Level Analysis

Middle East: In terms of country, the Saudi Arabia dominated the industrial valve market with around USD 22.4% of the total market share in Middle East in 2023 and is expected to grow at a CAGR of 6.6% through 2032. Saudi Arabia plays a significant role in the global industrial valve market, primarily driven by its robust oil and gas sector. The kingdom's ambitious economic diversification plans, outlined in Vision 2030, are further boosting demand for industrial valves across various industries.

As Saudi Arabia invests heavily in infrastructure development, water treatment facilities, and petrochemical plants, the need for high-quality valves continues to grow. The country's focus on localizing manufacturing, including valve production, is creating opportunities for both domestic and international players in the market.

Additionally, the increasing emphasis on energy efficiency and environmental regulations is driving demand for advanced valve technologies, such as smart valves and those designed for severe service conditions. As Saudi Arabia continues to modernize its industrial base and expand into new sectors, the industrial valve market is expected to experience sustained growth, attracting investments and fostering technological advancements in valve design and production within the kingdom.

Middle East Industrial Valve Market Share

The Middle East Industrial Valve industry is consolidated, with major regional companies operating in the middle East. Together these companies hold a market share of 25%-26% of the total market. In 2023, companies in the Middle East industrial valve industry view the region as a dynamic and high-potential market driven by substantial infrastructure development and extensive investments in the oil and gas sector. These companies recognize the region's need for robust, reliable, and technologically advanced valve solutions to support its expanding industrial base, including power generation, water and wastewater treatment, and petrochemical industries.

Middle East Industrial Valve Market Companies

Major players operating in the Middle East industrial valve industry are:

• AVK Holding A/S
• Church & Dwight
• Colgate-Palmolive Company
• Emerson Electric Co.
• Flowserve Corporation
• Honeywell International Inc.
• IMI plc
• KSB SE & Co. KGaA
• Metso Corporation
• Panasonic Corporation
• Philips Corporation
• SAMSON Controls Inc.
• Schlumberger Limited
• The Procter & Gamble Company
• Velan Inc.
• Weir Group plc
  

Middle East Industrial Valve Industry News

• In January 2024, Emerson Expands Valve Manufacturing Facility in Saudi Arabia Emerson, a global technology and engineering company, recently expanded its valve manufacturing facility in Jubail, Saudi Arabia. This expansion aims to increase local production capacity and support the growing demand for industrial valves in the region, particularly in the oil and gas sector.
  
• In August 2023, Metso Outotec Secures Major Valve Order in Egypt Metso Outotec, a leading provider of sustainable technologies, announced a significant valve order for a greenfield nitrogen fertilizer complex in Egypt.
  
• In December 2023, AVK Group Establishes New Valve Production Facility in UAE AVK Group, a Danish valve manufacturer, has set up a new production facility in the United Arab Emirates. This strategic move allows AVK to better serve the Middle East market, offering locally produced valves for water, wastewater, and industrial applications while reducing delivery times and costs for regional customers.
  

This Middle East industrial valve Market research report includes in-depth coverage of the industry, with estimates & forecasts in terms of revenue (USD billion) from 2021 to 2032, for the following segments:

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Market, By Type

• Ball valves
• Check valves
• Butterfly valves
• Gate valves
• Globe Valves
• Plug Valves
• Diaphragm valves
• Safety valves

Market, By Material

• Steel
• Plastic
• Cast Iron
• Alloy Based
• Others

Market, By Component

• Actuators
• Valve body
• Others

Market, By Size

• >1”
• 1”-10”
• 10”-25”
• 25”-50”
• Above 50”

Market, By End Use

• Chemical
• Energy & Utilities
• Construction
• Metal & Mining
• Agriculture
• Pharmaceuticals
• Food & Beverage
• Pulp & Paper
• Others

Market, By Distribution Channel

• Direct Sales
• Indirect Sales

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

• Middle East
  • UAE
  • Bahrain
  • Kuwait
  • Oman
  • Qatar
  • Egypt
  • Iran
  • Saudi Arabia
  • Rest of Middle East