The Global Valve Market was valued at US$ 73 billion in 2019 and is expected to grow at a CAGR of 9% through 2030.
Valve is a vital control element in the piping system and is used for controlling and monitoring the flow of process fluids. With increasing penetration of industrial automation, the demand for valves has increased significantly during past decade. The manufacturers are continuously engaged in development of technologically advanced valves to meet the rising demand.
The emergence and adoption of smart valves in industrial process control loop has dynamically changed the landscape of the global valve market and is anticipated to be a major driving factor during the forecast period. Adoption of intelligent control systems and diagnostic technologies in valves for monitoring of upstream and downstream process parameters is a key factor fueling the growth of the growth of valves market. With expansion of food & beverages processing, chemicals, and pharmaceutical manufacturing industry around the world and rising adoption of control valves across small & medium enterprises is anticipated to bolster the growth of global valve market during the forecast period.
Asia Pacific contributed the largest share to the global valve market in 2019 owing to increased demand from oil & gas, food & beverages, chemicals, and petrochemical industries across China, India, and Australia. With increasing investment in expansion of pharmaceutical industry and increasing investment in strengthening the water & waste water treatment infrastructures across Southeast Asian countries, the Asia Pacific valve market is anticipated to offer lucrative opportunities to the valve manufacturers during the forecast period. Europe contributed a prominent share to the global valve market owing to the presence of leading valve manufacturers and strong demand from energy & utility industry.
Valve Market Share Analysis, by Geography (2022)
The report titled “Valve Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global valve market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Emerson Electric Co. reported revenues of USD 12,202 million in 2019 and the product segment analysis of the company indicates that Measurement & Analytical Instrumentation business segment of the company dominated revenue in 2019.
The global valve market is segmented on the basis of type, material, end use industry, and geography. Based on type, the global valve market is segmented into gate valve, globe valve, check valve, plug valve, ball valve, butterfly valve, needle valve, pinch valve, and others. Based on material, the global valve market is segmented into stainless steel, cast iron, cryogenic, alloy based, and others. Based on end use industry, the global valve market is segmented into oil & gas, energy & utility, water & waste water treatment, chemicals, pharmaceuticals, food & beverages, paper & pulp, agriculture, metal & mining, and others. Based on geography, the global valve market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on valves. Further, market share of prominent companies in the global valve market would also be estimated.
For instance, Emerson Electric Co. operates through four Measurement & Analytical Instrumentation, Valves, Actuators & Regulators, Industrial Solutions, and Process Control Systems & Solutions. The valves are delivered under Valves, Actuators & Regulators business segment of the company with revenue contribution of US$ 3,794 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the valve companies. The global valve market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the valve business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global valve market.
Major players active in the global valve market include AVK Holding A/S, Bürkert Fluid Control Systems, Emerson Electric Co., Flowserve Corporation, General Electric Company, Goodwin International Ltd, Honeywell International Inc., KITZ Corporation, Rotork Plc, and Schlumberger Limited.
Market Segmentation
By Type
By Material
By End Use Industry
By Geography
The global market for valve will most likely expand at over 9% CAGR through 2030.
Valve is a vital control element in the piping system and is used for controlling and monitoring the flow of process fluids.
Adoption of intelligent control systems and diagnostic technologies in valves for monitoring of upstream and downstream process parameters is a key factor fueling the growth of the growth of valves market.
Asia Pacific contributed the largest share to the global valve market owing to increased demand from oil & gas, food & beverages, chemicals, and petrochemical industries across China, India, and Australia.
Based on material, the valve market is segmented into stainless steel, cast iron, cryogenic, alloy based, and others.
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