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Global Industrial Valves Market by Application (Pharmaceutical, Power, Chemical, Food & Beverage, Oil & Gas, Water & Wastewater), by Product (Ball, Globe, Check, Gate, Butterfly) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: ES-75164
  • Author: Up Market Research
  • Rating: 4.5
  • Total Reviews: 89
  • No. Of Pages: 227
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  • Pub. Date: 2021-10-21
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Summary of the Report

In 2014, the global industrial valve market was valued at USD 58.31 trillion. The market is expected to grow due to increased automation and the expansion of existing facilities. Market growth is expected to be influenced by a growing demand for flow control equipment. The development of smart valves with intelligent control systems is expected to be significant.

U.S. Industrial Valve Market Share by Product, 2012-2022 (USD Million).

In the next seven year, there will be an increase in the use of smart technology and diagnostics in industrial valves to monitor process variables, including temperature and pressure stem position.

The advancement of smart valves that have integrated embedded processors and network capability for subsea oils & gases has improved the system's reliability and responsiveness. This is expected to make it a major rendering driver.

Exploration spending and production in the oil and gas industry have increased. Technological innovations have enabled access to resources in deep water or in unusual reservoirs, such as those that are high temperature, high pressure, or under-pressured.

The market for industrial valves is likely to see significant growth due to increased pipeline installations and the growth of unconventional oil & gaz applications in the downstream segment. Automation is becoming more prominent in the process industry, which has resulted in an increase in demand for control valves.

Growth may be impeded by factors such as the emoting of coal consumption and the shutdown of traditional coal-fired power plants. The technology may be less used and adopted if the prices of raw materials fluctuate. Industry growth may also be hindered by strict government regulations regarding conventional power plants.

Product Insights

You can categorize the industry by product into check, ball, butterfly and globe valves. In 2014, 19% of revenue came from ball valves. These valves are used mainly for flow control and in situations where tight shutoff is necessary. This technology aids in the circulating of systems on ships, chlorinators, and fire safety protection services.

Due to the growing use of butterfly valves in the oil and gas industry, the demand has seen a significant rise in recent years. Demand is expected to rise due to the substantial investment in pipelines and refineries within the oil & natural gas industry.

The demand for check valves is expected to grow steadily, with a CAGR exceeding 7% over the next seven year. These valves prevent the flow of process fluid from returning to the system. This helps avoid damage to equipment and disruptions. The demand for these valves has been positively affected by increasing automation and the need to control fluid flow in refineries.

Application Insights

The study analyzed the following application sectors: oil & Gas, power, pharmaceuticals, municipal wastewater, chemical, food & drink. In 2014, oil & gas accounted for more than 21% of overall revenue share. The industrial valves market has seen a rise in demand for longer pipelines, deeper wells, and lower production costs. This is due to technological advancements in processing, production, transportation, and processing. The industry has seen an increase in pipeline installations, as well as the increasing need to monitor and control from a central location.

Water and wastewater applications are expected to grow at a rate of nearly 6% over the forecast period. The adoption of water & wastewater applications is expected to rise due to increasing population and urbanization. The industry will continue to grow due to the increasing need for pumps and equipment, as well as for controlling wastewater flow and treatment.

Regional Insights

In 2014, the Asia Pacific market was worth more than USD 20 billion. In the Asia Pacific region, there is expected to be a positive impact on production due to the booming chemical consumption and the escalating construction activity. The demand will also be driven by the increasing construction of nuclear power stations and expansions in capacity at petroleum refining facilities. China, for example, is expected to invest in new scrubbers and coal-fired power plants.

The North American market will offer huge potential for growth. This region has great potential to grow due to its growing oil sands production and Shale gas. It is expected that the demand for valves will rise as more efficient and old-fashioned valves are replaced with newer, better valves for gas transportation in the midstream infrastructure.

The U.S. is experiencing a revolution in oil & gas production from shale gas. This has led to high investments in exploration, production and maintenance in North America. Market potential will be boosted by the growing demand for electricity generation from renewable energy sources.

Europe's market demand was more than USD 12 billion in 2014. It is expected to experience slower growth than other regions. The region's demand for valves will increase over the forecast period due to the development of offshore sites, and the growing demand from Russia in the middlestream segment of oil and gas.

Market Share in Industrial Valve Market Insights

Market share leaders include Emerson Electric and KSB AG, Kitz Corp., Curtiss-Wright Corp. and Pentair PLC. Valve manufacturers will be able to increase their productivity by developing new products and replacing them with more efficient products.

Other potential players include CIRCOR International, Cameron International, AlfaLaval AB, AVK Grup, Camtech Manufacturing FZCO, Delta-Pacific Valves Ltd., Goodwin PLC, GWC Valve International Inc., Watts Water Technologies, Inc.

Market Share Insights & Key Companies

Tene Investment Funds Ltd. will acquire a 74% control stake in Habonim Industrial Valves & Actuators Ltd.. This northern Israel-based company caters to the chemical, oil, and gas industries. Habonim's annual sales range from USD 28 million to USD 42 million.

KCM Capital Partners LLC is a Chicago-based private investor firm that has purchased Industrial Valve Sales & Services LLC. This acquisition will allow IVS to increase its growth.

Bonomi Group purchased FRA.BO.S.p.A in August 2019. It is located in Brescia (Italy). FRA.BO is a major manufacturer of plumbing fittings in brass, copper and stainless steel. Bonomi hopes to be more competitive in the global flow-control and plumbing markets by acquiring FRA.BO.

Industrial Valves Market Report Scope

These are the most frequently asked questions about this report

b. Global industrial valves market was valued at USD 74.5 billion in 2019, and is projected to grow to USD 78.1 billion by 2020.

b. Global industrial valves market will grow at a compound annual rate of 5.0% between 2015 and 2022, to reach USD 85.6 million by 2022.

b. With a market share of 42.5%, the Asia Pacific was the dominant region in industrial valves in 2019, This can be attributed to the increasing construction of nuclear power stations and expansions in capacity at petroleum refining facilities.

b. Flowserve Corporation, KITZ Corporation, Curtiss-Wright Corporation, Emerson Electric Co., KSB SE & Co. KGaA and Pentair plc are some of the key players in the industrial valves industry.

b. Stringent government regulations, technological advances that encourage the use of smart actuators and valves, and growing demand from the industrial sector are key factors driving market growth.

Up Market Research published a new report titled “Industrial Valves Market research report which is segmented by Application (Pharmaceutical, Power, Chemical, Food & Beverage, Oil & Gas, Water & Wastewater), by Product (Ball, Globe, Check, Gate, Butterfly), By Players/Companies Flowserve Corporation; KITZ Corporation; Curtiss-Wright Corporation; Emerson Electric Co; KSB SE & Co KGaA; and Pentair plc amongst others”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report AttributesReport Details
Report TitleIndustrial Valves Market Research Report
By ApplicationPharmaceutical, Power, Chemical, Food & Beverage, Oil & Gas, Water & Wastewater
By ProductBall, Globe, Check, Gate, Butterfly
By CompaniesFlowserve Corporation; KITZ Corporation; Curtiss-Wright Corporation; Emerson Electric Co; KSB SE & Co KGaA; and Pentair plc amongst others
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages227
Number of Tables & Figures159
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Industrial Valves Industry Outlook

Global Industrial Valves Market Report Segments:

The market is segmented by Application (Pharmaceutical, Power, Chemical, Food & Beverage, Oil & Gas, Water & Wastewater), by Product (Ball, Globe, Check, Gate, Butterfly).

Industrial Valves Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Industrial Valves Market

Overview of the regional outlook of the Industrial Valves Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Industrial Valves Market Overview

Highlights of The Industrial Valves Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Industrial Valves Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Application:

                1. Pharmaceutical

                2. Power

                3. Chemical

                4. Food & Beverage

                5. Oil & Gas

                6. Water & Wastewater

        7. By Product:

                1. Ball

                2. Globe

                3. Check

                4. Gate

                5. Butterfly

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Industrial Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
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Industrial Valves Market Trends

Reasons to Purchase the Industrial Valves Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Valves Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Industrial Valves Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Industrial Valves Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Industrial Valves Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Industrial Valves Market Size & Forecast, 2018-2028 
      4.5.1 Industrial Valves Market Size and Y-o-Y Growth 
      4.5.2 Industrial Valves Market Absolute $ Opportunity 


Chapter 5 Global Industrial Valves Market Analysis and Forecast by Application
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Application
      5.1.2 Basis Point Share (BPS) Analysis by Application
      5.1.3 Absolute $ Opportunity Assessment by Application
   5.2 Industrial Valves Market Size Forecast by Application
      5.2.1 Pharmaceutical
      5.2.2 Power
      5.2.3 Chemical
      5.2.4 Food & Beverage
      5.2.5 Oil & Gas
      5.2.6 Water & Wastewater
   5.3 Market Attractiveness Analysis by Application

Chapter 6 Global Industrial Valves Market Analysis and Forecast by Product
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Product
      6.1.2 Basis Point Share (BPS) Analysis by Product
      6.1.3 Absolute $ Opportunity Assessment by Product
   6.2 Industrial Valves Market Size Forecast by Product
      6.2.1 Ball
      6.2.2 Globe
      6.2.3 Check
      6.2.4 Gate
      6.2.5 Butterfly
   6.3 Market Attractiveness Analysis by Product

Chapter 7 Global Industrial Valves Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Industrial Valves Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Industrial Valves Analysis and Forecast
   9.1 Introduction
   9.2 North America Industrial Valves Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Industrial Valves Market Size Forecast by Application
      9.6.1 Pharmaceutical
      9.6.2 Power
      9.6.3 Chemical
      9.6.4 Food & Beverage
      9.6.5 Oil & Gas
      9.6.6 Water & Wastewater
   9.7 Basis Point Share (BPS) Analysis by Application 
   9.8 Absolute $ Opportunity Assessment by Application 
   9.9 Market Attractiveness Analysis by Application
   9.10 North America Industrial Valves Market Size Forecast by Product
      9.10.1 Ball
      9.10.2 Globe
      9.10.3 Check
      9.10.4 Gate
      9.10.5 Butterfly
   9.11 Basis Point Share (BPS) Analysis by Product 
   9.12 Absolute $ Opportunity Assessment by Product 
   9.13 Market Attractiveness Analysis by Product

Chapter 10 Europe Industrial Valves Analysis and Forecast
   10.1 Introduction
   10.2 Europe Industrial Valves Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Industrial Valves Market Size Forecast by Application
      10.6.1 Pharmaceutical
      10.6.2 Power
      10.6.3 Chemical
      10.6.4 Food & Beverage
      10.6.5 Oil & Gas
      10.6.6 Water & Wastewater
   10.7 Basis Point Share (BPS) Analysis by Application 
   10.8 Absolute $ Opportunity Assessment by Application 
   10.9 Market Attractiveness Analysis by Application
   10.10 Europe Industrial Valves Market Size Forecast by Product
      10.10.1 Ball
      10.10.2 Globe
      10.10.3 Check
      10.10.4 Gate
      10.10.5 Butterfly
   10.11 Basis Point Share (BPS) Analysis by Product 
   10.12 Absolute $ Opportunity Assessment by Product 
   10.13 Market Attractiveness Analysis by Product

Chapter 11 Asia Pacific Industrial Valves Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Industrial Valves Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Industrial Valves Market Size Forecast by Application
      11.6.1 Pharmaceutical
      11.6.2 Power
      11.6.3 Chemical
      11.6.4 Food & Beverage
      11.6.5 Oil & Gas
      11.6.6 Water & Wastewater
   11.7 Basis Point Share (BPS) Analysis by Application 
   11.8 Absolute $ Opportunity Assessment by Application 
   11.9 Market Attractiveness Analysis by Application
   11.10 Asia Pacific Industrial Valves Market Size Forecast by Product
      11.10.1 Ball
      11.10.2 Globe
      11.10.3 Check
      11.10.4 Gate
      11.10.5 Butterfly
   11.11 Basis Point Share (BPS) Analysis by Product 
   11.12 Absolute $ Opportunity Assessment by Product 
   11.13 Market Attractiveness Analysis by Product

Chapter 12 Latin America Industrial Valves Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Industrial Valves Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Industrial Valves Market Size Forecast by Application
      12.6.1 Pharmaceutical
      12.6.2 Power
      12.6.3 Chemical
      12.6.4 Food & Beverage
      12.6.5 Oil & Gas
      12.6.6 Water & Wastewater
   12.7 Basis Point Share (BPS) Analysis by Application 
   12.8 Absolute $ Opportunity Assessment by Application 
   12.9 Market Attractiveness Analysis by Application
   12.10 Latin America Industrial Valves Market Size Forecast by Product
      12.10.1 Ball
      12.10.2 Globe
      12.10.3 Check
      12.10.4 Gate
      12.10.5 Butterfly
   12.11 Basis Point Share (BPS) Analysis by Product 
   12.12 Absolute $ Opportunity Assessment by Product 
   12.13 Market Attractiveness Analysis by Product

Chapter 13 Middle East & Africa (MEA) Industrial Valves Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Industrial Valves Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Industrial Valves Market Size Forecast by Application
      13.6.1 Pharmaceutical
      13.6.2 Power
      13.6.3 Chemical
      13.6.4 Food & Beverage
      13.6.5 Oil & Gas
      13.6.6 Water & Wastewater
   13.7 Basis Point Share (BPS) Analysis by Application 
   13.8 Absolute $ Opportunity Assessment by Application 
   13.9 Market Attractiveness Analysis by Application
   13.10 Middle East & Africa (MEA) Industrial Valves Market Size Forecast by Product
      13.10.1 Ball
      13.10.2 Globe
      13.10.3 Check
      13.10.4 Gate
      13.10.5 Butterfly
   13.11 Basis Point Share (BPS) Analysis by Product 
   13.12 Absolute $ Opportunity Assessment by Product 
   13.13 Market Attractiveness Analysis by Product

Chapter 14 Competition Landscape 
   14.1 Industrial Valves Market: Competitive Dashboard
   14.2 Global Industrial Valves Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Flowserve Corporation; KITZ Corporation; Curtiss-Wright Corporation; Emerson Electric Co; KSB SE & Co KGaA; and Pentair plc amongst others
Segments Covered in the Report
The global Industrial Valves market has been segmented based on

By Application
  • Pharmaceutical
  • Power
  • Chemical
  • Food & Beverage
  • Oil & Gas
  • Water & Wastewater
By Product
  • Ball
  • Globe
  • Check
  • Gate
  • Butterfly
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Flowserve Corporation; KITZ Corporation; Curtiss-Wright Corporation; Emerson Electric Co; KSB SE & Co KGaA; and Pentair plc amongst others

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