The industrial valves market is expected to be valued at around USD 81.55 billion by 2024. Due to increasing use of industrial valves to control media, demand is expected to develop at a moderate CAGR of 4.2% between 2024 and 2034 to reach a value of USD 123.05 billion by 2034.

The major aspects driving the growth of the industrial valves market are the expanding demand for valves in the healthcare and pharmaceutical industries the global growth of smart cities and the rapid development of interconnected networks to track valve conditions and predict system failures.

Industrial Valve Sales Analysis

The use of these highly functional metal alloys is driving the demand for industrial valves. They are the major components of industrial valves used in various industries for effective control of gases, liquids, and vapors through effective flow control. Industrial valves are essential for controlling the flow of liquids, gases, and slurries in various production sectors across the globe. Their wide range of applications in the oil & gas, food & beverage, energy, utilities, and water treatment industries are driving the global demand. One of the major factors driving the expansion of the industrial valves market is the increase in infrastructure related projects. The growth in infrastructure related projects has increased the demand for industrial valves. This has increased the level of private participation in infrastructure development, requiring more investments. The industrial valves market is expected to expand due to enhanced equipment performance, longer lubricant life, and lower maintenance costs. This growth is also driven by advancements in industrial equipment for various manufacturing industries. The market is expected to grow over the next decade due to the use of Industry 4.0 and IoT in industrial valves. In addition, the increase in petrochemicals and refineries and the use of 3D printing in valve manufacturing are likely to contribute to this growth.

Historical Performance and Future Growth of the Industrial Valves Market

This study examines the growth of the industrial valves market over the past five years, revealing a historical CAGR of 3.40%. Moreover, it is expected to grow at a CAGR of 4.20% by 2034, indicating a growing trend in the valve solutions market. Valve manufacturers require additional assistance due to poor quality and delayed deliveries, and opting for outsourcing saves money, which can also exacerbate customer dissatisfaction. Such variations in product specifications, driven by regional certifications and rules, inhibit market growth and make it difficult for manufacturers to achieve optimal installation costs. Key factors expected to influence the demand for industrial valves through 2034 include Global expansion of industrial infrastructure provides a significant opportunity for valve manufacturers to adopt smart technologies for automation and remote monitoring, thereby improving efficiency and safety. Growing focus on sustainability has increased the demand for energy-efficient and eco-friendly valve solutions. This has prompted manufacturers to prioritize products to meet market demands and reduce environmental impact. Valve manufacturers are able to capitalize on the expansion of global industrial infrastructure by adopting smart technologies and developing energy-efficient solutions to ensure competitiveness in the dynamic market. Market players will want to remain cautious and flexible over the anticipated period, as these challenging characteristics have enabled the industry to achieve success in the following decades.

Key Trends Impacting the Industrial Valves Market

Increasing popularity of IoT devices is driving the demand for industrial valves. Integration of IoT sensors in industrial valves enables real-time monitoring of performance and operating conditions. This leads to predictive maintenance, reduced downtime, and improved operational efficiency. IoT valves improve safety and responsiveness through remote monitoring. This enables proactive decision making and resource allocation, driving demand across industries. Integration of IoT technology into industrial valves revolutionizes safety, responsiveness, proactive decision making, and resource allocation. This is driving the growth of the industrial valves market. Industrial valves integrated with IoT sensors significantly improve factory automation and productivity. Hence, the growing popularity of IoT valves is driving the demand for industrial valves.

Growing demand for new power plants is driving the demand for industrial valves. Advanced nuclear reactors and renewable energy facilities are modern power plants require specific valves to regulate fluid flow and pressure. The demand for high-performance industrial valves in manufacturing processes has increased as these valves ensure safe and efficient operation in various power generation processes. Increased spending on clean energy programs has driven the need for valves that can withstand certain conditions such as corrosive environments and high temperatures. Global growth in power infrastructure, especially in emerging countries, is driving the demand for industrial valves designed for contemporary power plants.

Global smart city development drives the industrial valve market. Smart city projects are increasingly relying on advanced infrastructure systems, including industrial valves, for efficient water management, heating, ventilation, air conditioning (HVAC) and waste disposal. The integration of Internet of Things (IoT) sensors and automation technologies into urban utilities is further expanding the need for smart industrial valves for optimal monitoring. Smart water management programs require sophisticated valves for water flow regulation, leak detection, and network optimization. Smart valves with remote monitoring improve the efficiency and reliability of smart city infrastructure. Urbanization and population growth are the driving forces behind the rise of smart city projects. As a result, industrial valve manufacturers now have a significant market opportunity to capitalize on the demand for industrial valves in smart city projects.

Analysis by valve type

This section provides an in-depth analysis of the specific industrial valve market in different categories. The two main research topics are the valve section with ball valve as the valve type and the valve section with cast steel as the valve material. Through a comprehensive examination, this section attempts to provide a more comprehensive knowledge of these segments and their relevance in the larger context of the valve industry.

Ball valves are in high demand, with a market share of 24.50% in 2024; The following aspects show the development of the ball valve market: In the oil and gas, food and beverage industries, ball valves are in high demand. Ball valves are mainly divided into fixed ball, floating ball and threaded series ball valves, which are in great demand in the global market. The demand for ball valves is growing because they come in a variety of sizes and materials, including stainless steel, brass and PVC. They can be adapted to different operational needs and environmental conditions, contributing to their popularity. Ball valves provide precise flow control, making them ideal for applications that require tight closing and throttling functions. This has led to increased demand for industrial ball valves. Competitive prices coupled with long-term reliability make ball valves a cost-effective choice for many industrial applications, driving their high demand in the market.

In 2024, cast steel industrial valves will gain 35.40% of the market share. The development of cast steel valves is driven by the following drivers: Cast steel is in high demand due to its superior strength and durability and is ideal for high pressure and high temperature applications. The application of cast steel materials is of great importance because they are resistant to corrosion, ensuring service life and reliability in harsh operating environments. Cast steel valves are widely used and are expected to be used in a wide range of fields such as power generation, chemicals, oil and gas. The performance and safety of cast steel valves often meet or exceed industry standards, which leads to their high demand in the global market.

By international analysis

This section examines the different regional markets for industrial valves in some of the most important countries on the global stage, such as the United States, China, Germany, India and South Korea. Through in-depth research, we explore several 

The United States automation industry has a large demand for automatic industrial valves. The US market is expected to grow at a compound annual growth rate of 3.40% from 2024 to 2034. Here are some key trends: In the United States, the rise of Industry 4.0 principles is driving greater adoption of automated valves for connected and intelligent manufacturing systems. The automation industry in the United States has driven the demand for automated industrial valves to streamline production processes. The demand for automatic valves is high in the United States because it improves operational efficiency by enabling remote control and automation of fluid flow.aspects that affect the acceptability and demand for valves in these countries.

Germany's booming automotive industry uses industrial valves. The demand for industrial valves in Germany is expected to grow at a compound annual growth rate of 3.60%. The following factors are driving the demand for industrial valves in the automotive industry: Industrial valves are crucial in the integration of advanced systems such as fuel injection, exhaust gas recirculation and turbocharging in German vehicles. Luxury car manufacturers based in Germany require high-quality industrial valves for precise control of fluids in automotive systems, which contributes to the market expansion of luxury cars. Industrial valves are in high demand in Germany as they help optimize engine performance, fuel efficiency and vehicle emissions control. German automotive manufacturers require industrial valves to meet high quality standards for reliability and durability to minimize workflow errors.

India's industrialization has promoted the integration of industrial valves in different industries. India emphasizes the technological development of industrial valves. Demand for industrial valves in India is expected to grow at a compound annual growth rate of 4.70% between 2024 and 2034. Some of the key trends in the industry are: India's industrialization efforts are driving the demand for industrial valves to support the development of infrastructure projects such as power plants, refineries and water treatment facilities. India's rapid urbanization has increased the demand for industrial valves for urban infrastructure projects, including water distribution networks, wastewater treatment plants and HVAC systems. The development of the manufacturing industry in India, such as the automotive, chemical and pharmaceutical industries, has driven the integration of industrial valves in fluid control and automated production processes.

China's large manufacturing sector has created a strong demand for industrial valves. From 2024 to 2034, China's demand for industrial valves is expected to grow at a compound annual growth rate of 5.10%. Some of the key trends are: Infrastructure projects in China, including the construction of power plants, refineries and water treatment facilities, require many industrial valves for fluid control and regulation. Factories in China have taken advantage of global demand for cheap industrial valves, using economies of scale and aggressive pricing strategies to attract foreign customers. In order to meet national and international norms and standards, Chinese manufacturers invest in research and development to innovate and improve the quality and performance of industrial valves.

South Korea's power generation industry has increased the demand for industrial valves. It is expected that by 2034, the compound annual growth rate of Korea's industrial valve industry will reach 4.20%. Key drivers include: South Korea's power generation sector is undergoing modernization. This increases the demand for industrial valves to upgrade existing infrastructure and adopt advanced technologies. Due to South Korea's reliance on nuclear energy, the adoption of specialized industrial valves capable of withstanding high temperatures and pressures in nuclear reactor systems has been strengthened. The use of high-quality industrial valves is a top priority for KEP as it ensures efficient operation, reduces downtime, and improves system reliability. Industrial valve producers in South Korea are capitalizing on the country's reputation for high-quality manufacturing to profit from the global demand for reliable and technologically advanced valves, which has created export prospects.

Market players are shaping the outlook of the global industrial valves market

Market players are constantly striving to strengthen their market position in the highly competitive industrial valves market. Leading companies achieve their goals through a range of strategic efforts, including partnerships, collaboration, mergers and acquisitions, continuous innovation, and strategic alliances with distributors, suppliers, or service providers.

The Company is expected to strengthen its position through mergers and acquisitions, gain access to new markets and technologies, expand its product portfolio, and acquire complementary companies. By collaborating with other market players, companies can increase their market share and enhance their competitive advantage.

Partnerships and collaboration enable companies to pool resources, share expertise and accelerate innovation. By partnering with industry players, companies can develop new valve technologies to meet changing customer needs, resulting in more efficient, reliable and cost-effective valves.

Continuous innovation is another key factor driving the growth of the industrial valves market. The company invests heavily in research and development to design new valve technologies that improve performance and reliability. This includes developing new valve designs, materials and functions to help meet the changing needs of customers.

Strategic alliances with suppliers, distributors, or service providers enhance a company's distribution network, market access, and customer service. These alliances allow them to reach new customers, expand market share, maintain growth, and maintain a competitive edge in a dynamic market.

The latest developments in the industrial valve market

In February 2024, Beijer Alma's subsidiary Beijer-Tech agreed to acquire 100% of AVS Power Oy, a Finnish technology wholesaler and manufacturer of pneumatics, industrial valves and compressors. The acquisition is in line with Bezel Alma's value-adding strategy and is expected to be slightly accretive to earnings per share. In February 2024, Canada-based NDL Industries introduced the largest diameter stainless steel ball valve for industrial or large commercial transcritical CO2 systems. With a pressure rating of 120 bar and a temperature range of -40 to 150°C, the valve is the first CRN approved for transcritical CO2. In November 2023, Tecnik Fluid Controls joined forces with ITT Industries Inc. A joint venture was formed to manufacture industrial valves for the pharmaceutical industry in India. ITT invested in the project and transferred the necessary technology. In July 2023, BDK Valves and Gurukrupa Group acquired Theis Precision Steel India Pvt.Ltd. 100% controlling interest, the company is a professional cold rolling company specializing in the production of high school carbon steel in India. Theis Precision caters to a variety of market segments and offers customized solutions.

Leading companies in the industrial valve market

GE Corporation

Emerson

FOss

Schlumberger LTD

TechnipFMC, Inc

KSB SE&Co.KGaA

KITZ

Alfa Laval Corporation

The Curtiss-Wright Company

CIRCOR International LTD

Oilwell Varco

Will Group, Inc

Boray Fluid Controls

Newey valve

AVK International A/S

LESER GmbH&Co.KG Co., LTD