Industrial Valve Market Poised to Hit $123.9 Billion by 2034 as global Infrastructure Boom Drives Demand

Demand for Industrial Valves for Effective Fluid and Gas Flow Fueled by Rise of Green Energy Projects and Quest for Sustainable Power Sources: Fact.MR Report

As per Fact.MR’s updated industry report, the global Industrial Valve Marketis expected to reach a value of US$ 123.9 billion in 2034 and thereafter advance at a steady CAGR of 4.7% from 2024 to 2034. Owing to industrialization and infrastructure development across various sectors all over the world, there is significant global demand for industrial valves.

As companies evolve and modernize, the necessity for reliable and efficient valve solutions has grown. Industrial valves play a crucial role in regulating the flow of liquids, gases, and slurries in pipelines, ensuring optimal process control, safety, and energy efficiency.

The oil and gas sector represents one of the largest markets for industrial valves, driven by an increase in exploration and production activities worldwide. In addition, demand for industrial valves in power generation and distribution systems has surged due to the expansion of renewable energy projects and the rising need for clean energy sources.

The water and wastewater treatment sectors are focusing on the implementation of advanced valve technologies to improve water management and meet stringent environmental regulations. The chemical and pharmaceutical industries also heavily depend on industrial valves to ensure precise control and maintain product quality standards due to their complex operations.

As industries continue to automate and transform, the global market for industrial valves is poised for substantial growth. This creates opportunities for valve manufacturers to innovate and meet the diverse needs of various applications.

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Leading Players Driving Innovation in the Industrial Valve Market:

Thekey players in the infant industrial valve industry include Avcon Controls Pvt. Ltd.; Schlumberger Limited; Crane; Emerson Electric Co.; Flowserve Corp.; Forbes Marshall; IMI Plc.; Metso Corporation; Emerson Electric; KITZ Corporation; Schlumberger Limited; Flowserve Corporation; Watts Water Technologies; Weir Group Plc.; Technip FMC Plc.; KSB SE & Co. KGaA; Alfa Laval Corporate.

Industrial Valve Industry News & Trends:

According to Emerson's December 2022 introduction of the Crosby J-Series pressure relief valve product line, balanced operation against backpressure is anticipated to improve performance and save ownership costs. By enabling remote monitoring of bellows ruptures in the valves, their bellows leak detection method reduces volumetric emissions.

In November 2022, KSB SE & Co. KGaA unveiled diaphragm valves made of a special alloyed material that were additively manufactured. The newly developed valves are aimed at the pharmaceutical industry.

Key Takeaways from Industrial Valve Market Study:

• The global industrial valve market is forecasted to reach US$ 123.9 billion by the end of 2034.The markets in East Asia and North America are evaluated to expand at a CAGR of 4.7% from 2024 to 2034.
• The United States is analyzed to hold 83.2% of the market share in North America by 2034. Sales of industrial valves in the country are projected to rise at a CAGR of 4.6% through 2034.The Japan market is calculated to expand at a CAGR of 4.9% from 2024 to 2034.
• Based on valve type, sales of globe valves are expected to reach US$ 10.6 billion in 2024. As per end use, the paper & pulp segment is evaluated to reach a size of US$ 8.5 billion by the end of 2034.

“Rising use of industrial valves in nuclear power plants is driven by their vital role in managing fluid flow and ensuring safety,” says Fact.MR analyst.

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Smart Sensor Technologies and IoT Integration in Industrial Valves Enhancing Real-Time Data Capture

Integration of smart sensor technologies with the Internet of Things (IoT) is one of the most significant advancements. Smart valves equipped with sensors can capture and transmit real-time data on variables such as temperature, pressure, and flow rates, enabling predictive maintenance and performance optimization.

Additive manufacturing, also known as 3D printing, is revolutionizing valve production by reducing lead times, allowing on-demand manufacturing, and facilitating the creation of complex geometries and custom designs. The advent of advanced materials like composites and high-performance polymers is enhancing the corrosion resistance and durability of valves, boosting their application in challenging environments.

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the industrial valve market for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study divulges essential insights into the market based ontype (check valves, gates, globes, balls, plugs, butterfly, safety relief), material (cast steel, carbon steel, stainless steel, bronze, other alloys), function (manual, automatic), and end use (oil & gas, chemicals, water & wastewater treatment, power plants, paper & pulp, others), across seven major regions of the world (North America, Latin America, Eastern Europe, Western Europe, East Asia, South Asia & Pacific, and MEA).

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