Global Industrial Valves Market Segments 2024, Forecast To 2033
5 Mar, 2024
The industrial valves market has shown steady growth, increasing from $103.84 billion in 2023 to $108.99 billion in 2024, with a 5.0% CAGR. The historic period's growth is attributed to infrastructure development, energy exploration, globalization, and regulatory standards. Expecting steady growth, the market is projected to reach $129.35 billion in 2028 with a 4.4% CAGR, fueled by environmental sustainability, water management, renewable energy projects, and global economic recovery.
Global Industrial Valves Market Key Driver
The industrial valve market is witnessing growth fueled by the rising number of oil and gas explorations. Oil and gas exploration identifies potential drilling locations, and industrial valves control fluid flow. In 2022, US oil production increased to 11.6 million barrels per day, while gas production reached 118.7 million barrels per day. This surge in exploration drives the industrial valve market, supported by data from the U.S. Energy Information Administration.
Get A Free Sample Of The Global Industrial Valves Market ReportGlobal Industrial Valves Market Segments
The industrial valves market covered in this report is segmented –
1) By Valves: Ball Valves, Check Valves, Butterfly Valves, Plug Valves, Globe Valves, Gate Valves, Diaphagm Valves, Safety Valves
2) By Function: Isolation, Regulation, Safety Relief Valve, Special Purpose, Non-Return
3) By Material: Ductile Iron, Carbon Steel, Plastic, Brass, Bronze, Copper, Aluminium, Others Materials
4) By Accessories: Hydraulic Filter, Power Cable, Mounting Screw and Bolts, Seal Kits, Dust Protection Cover, Others Accessories
5) By End-User: Chemicals, Engery And Power, Oil And Gas, Water And WeastWater Treatment, Building And Constructions, Paper And Pulp, Metal And Mining, Agriculture, Semiconductor, Other End Users
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the industrial valves market in 2023. The regions covered in the industrial valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Industrial Valves Industry Players
Emerson Electric Co.; The Flowserve Corporation; Schlumberger Limited; Crane Holdings Co.; KITZ Corporation; AVK Holdings A/S; Forbes Marshall Pvt Ltd.; KSB SE & Co. KGaA; Spirax-Sarco Engineering PLC; Metso Outotec Corporation; KLINGER Holding; Alfa Laval AB; Curtiss-Wright Corporation; Honeywell International Inc.; Velan Inc.; Neway Valve; Samson AG; Neles Oyj; AVCON Controls Pvt. Ltd.; Sirca International S.p.A.; Fluidline Valves Co. Pvt. Ltd.; Davis Valve; Powell Valves; Virgo Engineers Inc.; WALWORTH; IMI PLC; Valvitalia SpA; Zhejiang Dunan Valve Co. Ltd.; Pentair Valves and Controls; OKANO Valve Mfg. Co. Ltd.; Tyco Valves and Controls; Swagelok Company
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AIOps Industrial Valves Market Overview
Industrial valves are mechanical components that control the flow through pipes and other passages by opening, closing, and partially opening the vaults. They are used to control the flow of fluids, gases, and slurries. These manually controlled mechanical devices can be operated automatically.
Industrial Valves Global Market Report 2023 provides data on the global industrial valves market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The industrial valves market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.