Global Industrial Valves Market Is Projected To Be Valued At More Than US$ 79.4 Billion By The End Of 2030

Industry Insights

Arise in consumption of oil & gas has been witnessed in developed and developing regions. Thus, major exploration & production (E&P) companies are focusing on expanding their production facilities by building new processing plants and pipelines. Industrial valves ensure better safety in such installations. In regions such as North America, Europe, and Asia, major intra-country and inter-country pipelines projects are under development to meet the growing demand for oil & gas. This increasing onshore exploration, in turn is expected to increase demand for industrial valves. The report estimates that the Industrial Valves market is foreseen to expand by ~1.5 X to reach a valuation of ~US$ 96 Bn by the end of 2029.

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Key Takeaways of Global Industrial Valves Market

  • Gate valves are projected to expand 1.5X as compared to 2018 and are projected to account for approximately 22% of the overall value opportunity in the global market by 2028 end. Increasing demand from petroleum industries is anticipated to increase production which also supports the growth of gate valves
  • The cast steel segment is expected to create an absolute dollar opportunity of US$ 10 Bn during the forecast period.
  • APEJ accounts for the highest share in the industrial valves market and is expected to grow 1.5X during the forecast period
  • Automatic function segment is foreseen to grow at the highest CAGR during the forecast period, and the manual function segment is expected to grow 1.4X as compared to 2018

“Industry 4.0 and automation has compelled industrial valves manufacturers to move beyond traditional engineering models, by eliminating unreliable manual intervention” says the Fact.MR analyst

Key Segments of the Industrial Valves Market

Fact.MR’s study on the Industrial Valves market offers information divided into four key segments— valve type, valve material, function, end use and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

Valve Type

  • Check Valve
    • Dual Plate
    • Piston Lift
    • Spring Loaded Disk
    • Swing Check
    • Tilting Check
    • Y Pattern
    • T Pattern
  • Gate
    • Parallel
    • Wedge
  • Globe
    • Tee
    • Angle
    • Wye
  • Ball
    • Trunnion
    • Floating
    • Threaded Series
  • Plug
    • Lined
    • Lubricated
    • Non-Lubricated
  • Butterfly
  • Safety Relief
  • Other

Valve Material

  • Cast Steel
  • Carbon Steel
  • Stainless Steel
  • Bronze
  • Other Alloys

Function

  • Manual
  • Automatic

End Use

  • Oil & Gas
  • Chemical
  • Water & Wastewater Treatment
  • Power Plants
  • Paper & Pulp
  • Others

Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • APEJ
  • MEA
  • Japan

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