IMARC Group has recently released a new research study titled “Industrial Valves Market Report by Product Type (Gate Valve, Globe Valve, Butterfly Valve, Ball Valve, Check Valve, Plug Valve, and Others), Functionality (On-Off/Isolation Valves, Control Valves), Material (Steel, Cast Iron, Alloy Based, and Others), Size (Upto 1”, 1”-6”, 7”-25”, 26”-50”, 51” and Above), End Use Industry (Oil and Gas, Power, Pharmaceutical, Water and Wastewater Treatment, Chemical, Food and Beverage, and Others), and Region 2024-2032”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

The global industrial valves market size reached US$ 73.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 128.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.

Global Industrial Valves Market Trends:

With industries seeking to enhance efficiency, reduce operational costs, and minimize human error, there is a surging demand for advanced valve solutions capable of integrating seamlessly into automated systems, which is contributing to the market growth. Besides this, the global emphasis on infrastructure development and urbanization spurring the demand for valves in water supply networks, HVAC systems, and building automation are fostering market expansion.

Furthermore, the increasing adoption of renewable energy sources such as solar and wind power is boosting the need for valves in renewable energy infrastructure, including solar thermal power plants and wind turbine systems, thereby propelling the market forward.

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Global Industrial Valves Market

Industrial valves are mechanical devices designed to control the flow, direction, and pressure of fluids in various industrial applications. These valves come in different types such as ball, gate, globe, and butterfly, each serving a specific function within an industrial system. They are integral components in sectors such as oil and gas, water and wastewater treatment, and manufacturing, where they offer precision and reliability. The valves are commonly made from materials like stainless steel, brass, and plastic to ensure durability and long-lasting performance. These valves often include advanced features like automated control systems and actuator interfaces for increased efficiency.

Global Industrial Valves Market Trends:

The burgeoning industrialization and infrastructural development globally are primary factors driving the market for industrial valves. Particularly in developing economies, rapid urbanization and industrial growth necessitate efficient fluid control systems, thereby accelerating market demand.

Furthermore, advancements in valve technology, such as smart valves equipped with sensors and IoT capabilities, are acting as catalysts for market expansion. Innovations like these offer enhanced operational efficiency, predictive maintenance, and improved safety standards, appealing to industries seeking state-of-the-art systems. The growing focus on automation and the integration of advanced technologies into industrial processes are also fueling the market for industrial valves. Companies are now focusing on developing valves that offer both functionality and data analytics capabilities, thereby adding value to the industrial processes they serve.

Additionally, the heightened emphasis on sustainability and energy efficiency is attracting a diversified customer base, pushing the market growth further. Custom-designed valves tailored to specific industrial needs are also gaining traction, as industries seek more specialized solutions for complex applications.

Industrial Valves Market Report Segmentation:

By Product Type:

·         Gate Valve

·         Globe Valve

·         Butterfly Valve

·         Ball Valve

·         Check Valve

·         Plug Valve

·         Others

By Functionality:

·         On-Off/Isolation Valves

·         Control Valves

By Material:

·         Steel

·         Cast Iron

·         Alloy Based

·         Others

By Size:

·         Upto 1”

·         1”-6”

·         7”-25”

·         26”-50”

·         51” and Above

By End Use Industry:

·         Oil and Gas

·         Power

·         Pharmaceutical

·         Water and Wastewater Treatment

·         Chemical

·         Food and Beverage

·         Others

Regional Insights:

·         North America

·         Asia Pacific

·         Europe

·         Latin America

·         Middle East and Africa

Competitive Landscape with Key Players:

The competitive landscape of the industrial valves market size has been studied in the report with the detailed profiles of the key players operating in the market.

Some of These Key Players Include:

·         AVK Holding A/S

·         Cameron International Corporation (Schlumberger)

·         The Crane Company

·         Emerson Electric Co.

·         Flowserve Corporation

·         Forbes Marshall

·         IMI Plc

·         Kitz Corporation

·         Neway Valves (Suzhou) Co. Ltd.

·         Samson AG

·         Velan Inc.

Ask Analyst for Customized Report:

https://www.imarcgroup.com/request?type=report&id=2790&flag=C

Key Highlights of the Report:

·         Market Performance (2018-2023)

·         Market Outlook (2024-2032)

·         Market Trends

·         Market Drivers and Success Factors

·         Impact of COVID-19

·         Value Chain Analysis

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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