Industrial Valves Market Size is valued at 98.5 billion in 2024 and is predicted to reach 158.6 billion by the year 2034 at a 5.0% CAGR during the forecast period for 2025-2034.
Over the forecast period, rising automation brought on by growing industrialization and facility development is anticipated to drive the market. Increasing consumer demand for flow control equipment will positively affect market expansion. Intelligent control systems for smart valves are expected to become very important, which is anticipated to speed up their development. During the next seven years, demand will be driven by increased diagnostics and intelligent technologies in industrial valves for monitoring process variables such as upstream and downstream pressure stem position, temperature, and flow rate.
The use of coal is being demonized, and traditional coal-fired plants are being shut down, among other things, which could impede growth. Price changes for raw materials could slow down the use and uptake of the technology. Moreover, the expansion of the conventional power industry may need to be improved by compliance with onerous government restrictions.
The Industrial Valves market is segmented based on type, material, component, function , size and end-user. Based on type, the market is segmented as ball valves, check valves, butterfly valves, plug valves, globe valves, gate valves, diaphragm valves, and safety valves. The component segment includes actuators, valve bodies, and other components. By function, the market is segmented into on/off, and control. The material segment includes steel, cast iron, alloy-based, cryogenic, plastic, and other materials. The size segment includes <1, 1" to 6", 7" to 25", 26" to 50", and>50".
The End-user industry includes chemicals, energy & power, oil & gas, water & wastewater treatment, building & construction, paper & pulp, metal & mining, agriculture, semiconductor, pharmaceutical, food & beverage, and others.
The market for check valves is expected to continue expanding steadily. These valves are unidirectional, preventing the process flow from damaging the equipment or interrupting the flow, by preventing it from returning to the system. The demand across sectors has been positively impacted by rising automation and the need for refineries to control fluid flow.
The majority of total income was accounted for by the oil and gas segment. The market for industrial valves has grown as a result of rising demand for deeper wells, longer pipelines, and lower production costs as well as technological advancements in processing, production, and transportation. Furthermore, the requirement for monitoring and regulating from a centralized location and growing pipeline installations have boosted the industry's output and demand for smart valves.
The market's largest region was Asia Pacific. Production across the region is predicted to benefit from the expanding construction activity and increasing chemical consumption. The demand is also anticipated to be fueled by increasing capacity additions at petroleum refineries and the development of new nuclear power plants. For example, China is planning to invest in the development of brand-new coal-fired and scrubber power plants.
| Report Attribute | Specifications |
| Market size value in 2024 | USD 98.5 Bn |
| Revenue forecast in 2034 | USD 158.6 Bn |
| Growth rate CAGR | CAGR of 5.0% from 2025 to 2034 |
| Quantitative units | Representation of revenue in US$ Million, and CAGR from 2025 to 2034 |
| Historic Year | 2021 to 2024 |
| Forecast Year | 2025-2034 |
| Report coverage | The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
| Segments covered | Type, Material, Component, Function, Size And End-user |
| Regional scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; South Korea; Southeast Asia |
| Competitive Landscape | Emerson, Flowserve Corporation, Sclumberger Limited, Crane Co., Neles, KITZ Corporatin, IMI PLC, KSB SE & Co, & KGaA, Bray International, and Spirax-Sarco Engineering PLC. |
| Customization scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing and available payment methods | Explore pricing alternatives that are customized to your particular study requirements. |
Industrial Valves Market By Type-
Industrial Valves Market By Component-
Industrial Valves Market By Function-
Industrial Valves Market By Material-
Industrial Valves Market By Size-
Industrial Valves Market By End-User Industry-
Industrial Valves Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Industrial Valves Market Snapshot
Chapter 4. Global Industrial Valves Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. End-user Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Material Estimates & Trend Analysis
5.1. by Material & Market Share, 2024 & 2034
5.2. Market Function (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Material:
5.2.1. Steel
5.2.2. Cast Iron
5.2.3. Alloy Based
5.2.4. Cryogenic
5.2.5. Plastic
5.2.6. Other Materials (Bronze and Brass)
Chapter 6. Market Segmentation 2: by Component Estimates & Trend Analysis
6.1. by Component & Market Share, 2024 & 2034
6.2. Market Function (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Component:
6.2.1. Actuators
6.2.2. Valve Body
6.2.3. Other Components (Positioners and I/P Converters)
Chapter 7. Market Segmentation 3: by Type Estimates & Trend Analysis
7.1. by Type & Market Share, 2024 & 2034
7.2. Market Function (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Type:
7.2.1. Ball Valves
7.2.2. Check Valves
7.2.3. Butterfly Valves
7.2.4. Plug Valves
7.2.5. Globe Valves
7.2.6. Gate Valves
7.2.7. Diaphragm Valves
7.2.8. Safety Valves
Chapter 8. Market Segmentation 4: by Function Estimates & Trend Analysis
8.1. by Function & Market Share, 2024 & 2034
8.2. Market Function (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Function:
8.2.1. On/Off
8.2.2. Control
Chapter 9. Market Segmentation 5: by Size Estimates & Trend Analysis
9.1. by Size & Market Share, 2024 & 2034
9.2. Market Function (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by Size:
9.2.1. <1”
9.2.2. 1” to 6”
9.2.3. 7” to 25”
9.2.4. 26” to 50”
9.2.5. >50”
Chapter 10. Market Segmentation 6: by End-user Estimates & Trend Analysis
10.1. by End-user& Market Share, 2024 & 2034
10.2. Market Function (Value (US$ Mn)) & Forecasts and Trend Analyses, 2021 to 2034 for the following by End-user:
10.2.1. Chemicals
10.2.2. Energy & Power
10.2.3. Oil & Gas
10.2.4. Water & Wastewater Treatment
10.2.5. Building & Construction
10.2.6. Paper & Pulp
10.2.7. Metal & Mining
10.2.8. Agriculture
10.2.9. Semiconductor
10.2.10. Pharmaceutical
10.2.11. Food & Beverage
10.2.12. Other End-User Industries (Textile and Glass)
Chapter 11. Industrial Valves Market Segmentation 7: Regional Estimates & Trend Analysis
11.1. North America
11.1.1. North America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Material, 2021-2034
11.1.2. North America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
11.1.3. North America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
11.1.4. North America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Function, 2021-2034
11.1.5. North America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Size, 2021-2034
11.1.6. North America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2021-2034
11.1.7. North America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
11.2. Europe
11.2.1. Europe Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Material, 2021-2034
11.2.2. Europe Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
11.2.3. Europe Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
11.2.4. Europe Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Function, 2021-2034
11.2.5. Europe Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Size, 2021-2034
11.2.6. Europe Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2021-2034
11.2.7. Europe Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
11.3. Asia Pacific
11.3.1. Asia Pacific Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Material, 2021-2034
11.3.2. Asia Pacific Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
11.3.3. Asia-Pacific Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
11.3.4. Asia Pacific Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Function, 2021-2034
11.3.5. Asia Pacific Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Size, 2021-2034
11.3.6. Asia Pacific Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2021-2034
11.3.7. Asia Pacific Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
11.4. Latin America
11.4.1. Latin America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Material, 2021-2034
11.4.2. Latin America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
11.4.3. Latin America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
11.4.4. Latin America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Function, 2021-2034
11.4.5. Latin America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Size, 2021-2034
11.4.6. Latin America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2021-2034
11.4.7. Latin America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
11.5. Middle East & Africa
11.5.1. Middle East & Africa Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Material, 2021-2034
11.5.2. Middle East & Africa Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Component, 2021-2034
11.5.3. Middle East & Africa Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Type, 2021-2034
11.5.4. Middle East & Africa Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Function, 2021-2034
11.5.5. Middle East & Africa Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Size, 2021-2034
11.5.6. Middle East & Africa Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2021-2034
11.5.7. Middle East & Africa Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by country, 2021-2034
Chapter 12. Competitive Landscape
12.1. Major Mergers and Acquisitions/Strategic Alliances
12.2. Company Profiles
12.2.1. ALFA LAVAL
12.2.2. AVK Holding AS
12.2.3. Baker Hughes
12.2.4. Bray International,
12.2.5. CIRCOR International Inc.
12.2.6. Crane Co.,
12.2.7. Curtiss-Wright Corporation
12.2.8. Danfoss AS
12.2.9. Emerson Electric Co.
12.2.10. Flowserve Corporation
12.2.11. Georg Fischer Ltd
12.2.12. Hitachi Ltd
12.2.13. Honeywell International Inc.
12.2.14. IMI PLC,
12.2.15. ITT Inc.
12.2.16. KITZ Corporation
12.2.17. KLINGER Group
12.2.18. KSB SE & Co, & KGaA,
12.2.19. Mueller Water Products Inc.
12.2.20. Neles,
12.2.21. NIBCO Inc.
12.2.22. Okano Valve Mfg. Co. Ltd
12.2.23. Saint-Gobain
12.2.24. Schlumberger Limited
12.2.25. Spirax-Sarco Engineering PLC.
12.2.26. TechnipFMC PLC
12.2.27. The Weir Group PLC
12.2.28. Valvitalia SpA
12.2.29. Xylem
12.2.30. Zhejiang Dunan Valve Co. Ltd
12.2.31. Other Prominent Players