Industrial Valves Market

Market Research on Industrial Valves

The worldwide industrial valve market is projected to grow steadily over the next decade. Industrial valves find use in all sorts of industries to control and regulate vapors, liquids, slurries, and gases. Industrial valves are usually made from metallic alloys like stainless steel, cast iron, carbon steel, and other alloys to exercise control over the flow of liquids and gases in chemicals, food and beverages, petroleum, utilities, and other industries.

The global industrial valve market was valued at around USD 56.81 billion in 2020, and it is expected to exhibit a moderate CAGR of 5.83% to reach USD 91.78 billion in valuation by the end of 2027.

Interesting Industrial Valves Market Facts

• Stainless steel is the most preferred material by industrial valve manufacturers.
• Oil and gas is the largest end-user industry for industrial valves.
• The Asia Pacific region accounted for the highest share in total revenue generation.
• China is the single largest consumer of industrial valves.
• The industrial valve market is dominated by a few major players.

Covid-19

Due to the COVID-19 outbreak, there has been a reduction in demand for industrial valves in Europe and North America. However, there was an increase in demand for industrial valves in China during the same period.

Valve Control and Automation

Valves normally comprise a seat, stem, and main body fabricated from various materials such as metals, rubbers, and polymers. These industrial components control the flow of fluids and help prevent liquid waste. Valves come in many different configurations and several shapes and sizes.

There have been major developments in valve control automation. This is contributing to the growth of the industrial valve market.

The oil and gas sector has the largest use of industrial valves worldwide. These components are utilized in upstream, midstream, and downstream processes.

North America is seeing an increased demand for industrial valves. Unfortunately, this has meant that the region has to import these items from various countries.

Developing Countries and Industrial Valves

There is increased demand for food and beverages in developing countries like India and Brazil. This means greater expansion for the agriculture industry. In addition, the continued expansion of the food and beverage industries in developing nations means that there will be more demand for industrial valves.

In February 2020, the US government increased steel and aluminum import taxes. Since steel and aluminum are vital materials for manufacturing, this has harmed the manufacturing sector. The tariff increase is meant to increase revenue earned on imports. However, the market for industrial valves has been adversely affected. The manufacture of industrial valves relies on steel, and thus, increased tariffs on steel will impede the market growth.

Due to lockdowns imposed due to COVID-19, industrial activity has slowed down in the US, UK, and Europe. This has hindered the industrial valve market globally, and its effects will likely be seen in the coming months.

However, developing IoT and AI in the manufacturing sector will present opportunities to expand the industrial valve market.

The oil and gas sector is seeing increased infrastructure investment, increasing the number of industrial valves installed. In ASEAN countries, governments are stepping up sanitation and water supply projects to boost the industrial valve market. In addition, the installation of more pipelines is increasing the demand for industrial valves.

The market for industrial valves will be further bolstered by the upgrading of water infrastructure in the US. Also, governments in Indonesia, India, and China are investing in infrastructure for water supply and sanitation, further boosting the industrial valve market.

Key players involved in the industrial valves market include AVK Holding A/S, Avcon Controls Private Limited, Schlumberger Limited, Crane Co., Emerson Electric Co., Flowserve Corporation, Forbes Marshall, IMI Plc, Metso Corporation, and The Weir Group Plc.

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

2. Executive Summary

2.1. Market Snapshot: Global Industrial Valves Market

3. Market Dynamics& Factors Analysis

3.1. Introduction

3.1.1. Global Industrial Valves Market Value, 2015-2027, (US$ Mn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Major Industry Challenges

3.2.3. Key Growth Pockets

3.3. Attractive Investment Proposition,2020

3.3.1. Material

3.3.2. Valve Type

3.3.3. Application

3.3.4. Geography

3.4. Porter’s Five Forces Analysis

3.4.1. Threat of New Entrants

3.4.2. Bargaining Power of Buyers/Consumers

3.4.3. Bargaining Power of Suppliers

3.4.4. Threat of Substitute Valve Types

3.4.5. Intensity of Competitive Rivalry

3.5. Value Chain Analysis

4. Market Positioning of Key Players, 2020

4.1. Company market share of key players, 2020

4.2. Top 3 Players

4.3. Major Strategies Adopted by Key Players

5. COVID 19 Impact Analysis

5.1. Global Industrial Valves Market Pre Vs Post COVID 19, 2019 – 2027

5.2. Impact on Import & Export

5.3. Impact on Demand & Supply

6. North America

6.1. North America Industrial Valves Market, by Country, 2015-2027(US$ Mn)

6.1.1. U.S.

6.1.2. Canada

6.2. North America Industrial Valves Market, by Material, 2015-2027(US$ Mn)

6.2.1. Overview

6.2.2. Cast Iron

6.2.3. Steel

6.2.4. Alloy-Based

6.2.5. Others

6.3. North America Industrial Valves Market, by Valve Type, 2015-2027(US$ Mn)

6.3.1. Overview

6.3.2. Ball Valves

6.3.3. Butterfly Valves

6.3.4. Gate Valves

6.3.5. Globe Valves

6.3.6. Plug Valves

6.3.7. Check Valves

6.3.8. Diaphragm Valves

6.4. North America Industrial Valves Market, by Application, 2015-2027(US$ Mn)

6.4.1. Overview

6.4.2. Oil & Power

6.4.3. Water & Wastewater

6.4.4. Chemical

6.4.5. Food & Beverage

6.4.6. Others

7. Europe

7.1. Europe Industrial Valves Market, by Country, 2015-2027(US$ Mn)

7.1.1. UK

7.1.2. France

7.1.3. Germany

7.1.4. Italy

7.1.5. Russia

7.1.6. Spain

7.1.7. Rest of Europe

7.2. Europe Industrial Valves Market, by Material, 2015-2027(US$ Mn)

7.2.1. Overview

7.2.2. Cast Iron

7.2.3. Steel

7.2.4. Alloy-Based

7.2.5. Others

7.3. Europe Industrial Valves Market, by Valve Type, 2015-2027(US$ Mn)

7.3.1. Overview

7.3.2. Ball Valves

7.3.3. Butterfly Valves

7.3.4. Gate Valves

7.3.5. Globe Valves

7.3.6. Plug Valves

7.3.7. Check Valves

7.3.8. Diaphragm Valves

7.4. Europe Industrial Valves Market, by Application, 2015-2027(US$ Mn)

7.4.1. Overview

7.4.2. Oil & Power

7.4.3. Water & Wastewater

7.4.4. Chemical

7.4.5. Food & Beverage

7.4.6. Others

8. Asia Pacific

8.1. Asia Pacific Industrial Valves Market, by Country, 2015-2027(US$ Mn)

8.1.1. China

8.1.2. Japan

8.1.3. South Korea

8.1.4. India

8.1.5. Australia

8.1.6. Rest of Asia Pacific

8.2. Asia Pacific Industrial Valves Market, by Material, 2015-2027(US$ Mn)

8.2.1. Overview

8.2.2. Cast Iron

8.2.3. Steel

8.2.4. Alloy-Based

8.2.5. Others

8.3. Asia Pacific Industrial Valves Market, by Valve Type, 2015-2027(US$ Mn)

8.3.1. Overview

8.3.2. Ball Valves

8.3.3. Butterfly Valves

8.3.4. Gate Valves

8.3.5. Globe Valves

8.3.6. Plug Valves

8.3.7. Check Valves

8.3.8. Diaphragm Valves

8.4. Asia Pacific Industrial Valves Market, by Application, 2015-2027(US$ Mn)

8.4.1. Overview

8.4.2. Oil & Power

8.4.3. Water & Wastewater

8.4.4. Chemical

8.4.5. Food & Beverage

8.4.6. Others

9. Latin America

9.1. Latin America Industrial Valves Market, by Country, 2015-2027(US$ Mn)

9.1.1. Brazil

9.1.2. Mexico

9.1.3. Argentina

9.1.4. Rest of Latin America

9.2. Latin America Industrial Valves Market, by Material, 2015-2027(US$ Mn)

9.2.1. Overview

9.2.2. Cast Iron

9.2.3. Steel

9.2.4. Alloy-Based

9.2.5. Others

9.3. Latin America Industrial Valves Market, by Valve Type, 2015-2027(US$ Mn)

9.3.1. Overview

9.3.2. Ball Valves

9.3.3. Butterfly Valves

9.3.4. Gate Valves

9.3.5. Globe Valves

9.3.6. Plug Valves

9.3.7. Check Valves

9.3.8. Diaphragm Valves

9.4. Latin America Industrial Valves Market, by Application, 2015-2027(US$ Mn)

9.4.1. Overview

9.4.2. Oil & Power

9.4.3. Water & Wastewater

9.4.4. Chemical

9.4.5. Food & Beverage

9.4.6. Others

10. Middle East

10.1. Middle East Industrial Valves Market, by Country, 2015-2027(US$ Mn)

10.1.1. UAE

10.1.2. KSA

10.1.3. Israel

10.1.4. Rest of Middle East

10.2. Middle East Industrial Valves Market, by Material, 2015-2027(US$ Mn)

10.2.1. Overview

10.2.2. Cast Iron

10.2.3. Steel

10.2.4. Alloy-Based

10.2.5. Others

10.3. Middle East Industrial Valves Market, by Valve Type, 2015-2027(US$ Mn)

10.3.1. Overview

10.3.2. Ball Valves

10.3.3. Butterfly Valves

10.3.4. Gate Valves

10.3.5. Globe Valves

10.3.6. Plug Valves

10.3.7. Check Valves

10.3.8. Diaphragm Valves

10.4. Middle East Industrial Valves Market, by Application, 2015-2027(US$ Mn)

10.4.1. Overview

10.4.2. Oil & Power

10.4.3. Water & Wastewater

10.4.4. Chemical

10.4.5. Food & Beverage

10.4.6. Others

11. Africa

11.1. Africa Industrial Valves Market, by Country, 2015-2027(US$ Mn)

11.1.1. South Africa

11.1.2. Egypt

11.1.3. Nigeria

11.1.4. Rest of Africa

11.2. Africa Industrial Valves Market, by Material, 2015-2027(US$ Mn)

11.2.1. Overview

11.2.2. Cast Iron

11.2.3. Steel

11.2.4. Alloy-Based

11.2.5. Others

11.3. Africa Industrial Valves Market, by Valve Type, 2015-2027(US$ Mn)

11.3.1. Overview

11.3.2. Ball Valves

11.3.3. Butterfly Valves

11.3.4. Gate Valves

11.3.5. Globe Valves

11.3.6. Plug Valves

11.3.7. Check Valves

11.3.8. Diaphragm Valves

11.4. Africa Industrial Valves Market, by Application, 2015-2027(US$ Mn)

11.4.1. Overview

11.4.2. Oil & Power

11.4.3. Water & Wastewater

11.4.4. Chemical

11.4.5. Food & Beverage

11.4.6. Others

12. Global

12.1. Global Industrial Valves Market, by Material, 2015-2027(US$ Mn)

12.1.1. Overview

12.1.2. Cast Iron

12.1.3. Steel

12.1.4. Alloy-Based

12.1.5. Others

12.2. Global Industrial Valves Market, by Valve Type, 2015-2027(US$ Mn)

12.2.1. Overview

12.2.2. Ball Valves

12.2.3. Butterfly Valves

12.2.4. Gate Valves

12.2.5. Globe Valves

12.2.6. Plug Valves

12.2.7. Check Valves

12.2.8. Diaphragm Valves

12.3. Global Industrial Valves Market, by Application, 2015-2027(US$ Mn)

12.3.1. Overview

12.3.2. Oil & Power

12.3.3. Water & Wastewater

12.3.4. Chemical

12.3.5. Food & Beverage

12.3.6. Others

13. Company Profiles

13.1. AVK Holding A/S

13.2. Avcon Controls Private Limited

13.3. Schlumberger Limited

13.4. Crane Co.

13.5. Emerson Electric Co.

13.6. Flowserve Corporation

13.7. Forbes Marshall

13.8. IMI plc

13.9. Metso Corporation

13.10. The Weir Group plc

13.11. Others

List of Figures

FIG. 1 Global Industrial Valves Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Industrial Valves Market Segmentation

FIG. 4 Global Industrial Valves Market, by Material, 2019(US$ Mn)

FIG. 5 Global Industrial Valves Market, by Valve Type, 2019(US$ Mn)

FIG. 6 Global Industrial Valves Market, by Application, 2019(US$ Mn)

FIG. 7 Global Industrial Valves Market, by Geography, 2019(US$ Mn)

FIG. 8 Attractive Investment Proposition, by Geography, 2019

FIG. 9 Global Market Positioning of Key Industrial Valves Market Companies, 2019

FIG. 10 Global Industrial Valves Market Value Contribution, By Valve Type, 2020 & 2027 (Value %)

FIG. 11 North America Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 12 Europe Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 13 Asia Pacific Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 14 Middle East Industrial Valves Market, 2015-2027 (US$ Mn)

FIG. 15 Africa Industrial Valves Market, 2015-2027 (US$ Mn)

FIG. 16 U.S. Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 17 Canada Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 18 U.K. Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 19 Germany Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 20 France Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 21 Italy Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 22 Russia Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 23 Spain Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 24 Rest of Europe Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 25 China Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 26 Japan Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 27 South Korea Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 28 India Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 29 Australia Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 30 Rest of Asia Pacific Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 31 Brazil Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 32 Mexico Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 33 Argentina Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 34 Rest of Latin America Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 35 UAE Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 36 KSAIndustrial Valves Market, 2015-2027(US$ Mn)

FIG. 37 Israel Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 38 Rest of Middle East Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 39 South Africa Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 40 Egypt Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 41 Nigeria Industrial Valves Market, 2015-2027(US$ Mn)

FIG. 42 Rest of Africa Industrial Valves Market, 2015-2027(US$ Mn)

List of Tables

TABLE 1 Market Snapshot: Global Industrial Valves Market

TABLE 2 Global Industrial Valves Market, by Material, 2015-2027 (US$ Mn)

TABLE 3 Global Industrial Valves Market, by Valve Type, 2015-2027 (US$ Mn)

TABLE 4 Global Industrial Valves Market, by Application, 2015-2027 (US$ Mn)

TABLE 5 Global Industrial Valves Market, by Vehicle Type, 2015-2027 (US$ Mn)

TABLE 6 Global Industrial Valves Market, by Geography, 2015-2027 (US$ Mn)

TABLE 7 North America Industrial Valves Market, by Material, 2015-2027 (US$ Mn)

TABLE 8 North America Industrial Valves Market, by Valve Type, 2015-2027 (US$ Mn)

TABLE 9 North America Industrial Valves Market, by Application, 2015-2027 (US$ Mn)

TABLE 10 North America Industrial Valves Market, by Vehicle Type, 2015-2027 (US$ Mn)

TABLE 11 North America Industrial Valves Market, by Country, 2015-2027 (US$ Mn)

TABLE 12 Europe Industrial Valves Market, by Material, 2015-2027 (US$ Mn)

TABLE 13 Europe Industrial Valves Market, by Valve Type, 2015-2027 (US$ Mn)

TABLE 14 Europe Industrial Valves Market, by Application, 2015-2027 (US$ Mn)

TABLE 15 Europe Industrial Valves Market, by Vehicle Type, 2015-2027 (US$ Mn)

TABLE 16 Europe Industrial Valves Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 17 Asia Pacific Industrial Valves Market, by Material, 2015-2027 (US$ Mn)

TABLE 18 Europe Industrial Valves Market, by Valve Type, 2015-2027 (US$ Mn)

TABLE 19 Europe Industrial Valves Market, by Application, 2015-2027 (US$ Mn)

TABLE 20 Asia Pacific Industrial Valves Market, by Vehicle Type, 2015-2027 (US$ Mn)

TABLE 21 Asia Pacific Industrial Valves Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 22 Latin America Industrial Valves Market, by Material, 2015-2027 (US$ Mn)

TABLE 23 Latin America Industrial Valves Market, by Valve Type, 2015-2027 (US$ Mn)

TABLE 24 Latin America Industrial Valves Market, by Application, 2015-2027 (US$ Mn)

TABLE 25 Latin America Industrial Valves Market, by Vehicle Type, 2015-2027 (US$ Mn)

TABLE 26 Latin America Industrial Valves Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 27 Middle East Industrial Valves Market, by Material, 2015-2027 (US$ Mn)

TABLE 28 Middle East Industrial Valves Market, by Valve Type, 2015-2027 (US$ Mn)

TABLE 29 Middle East Industrial Valves Market, by Application, 2015-2027 (US$ Mn)

TABLE 30 Middle East Industrial Valves Market, by Vehicle Type, 2015-2027 (US$ Mn)

TABLE 31 Middle East Industrial Valves Market, by Country/Region, 2015-2027 (US$ Mn)

TABLE 32 Africa Industrial Valves Market, by Material, 2015-2027 (US$ Mn)

TABLE 33 Africa Industrial Valves Market, by Valve Type, 2015-2027 (US$ Mn)

TABLE 34 Africa Industrial Valves Market, by Application, 2015-2027 (US$ Mn)

TABLE 35 Africa Industrial Valves Market, by Vehicle Type, 2015-2027 (US$ Mn)

TABLE 36 Africa Industrial Valves Market, by Country/Region, 2015-2027 (US$ Mn)