Europe Industrial Valves Market Outlook, 2028

The industrial valve market in Europe is expanding quickly. Rising population levels across the region and increased oil and gas exploration are the main market drivers. Oil refineries expand as a result of rising oil consumption. There is a higher need for valves that can handle high pressure while reducing operational waste as a result of the expansion of oil refineries. This element is anticipated to advance the market. In the increasingly complicated industrial and working world, industrial valves are crucial. Nearly every sector, including the production of natural gas and crude oil, as well as the disciplines of medicine and water, requires the movement of gas, liquids, and freely flowing solids through pipes and hose pipes. Additionally, as many countries begin to reopen their industries, the need for energy and E&P (exploration and production) of oil and gas is rising. This is encouraging the growth of the European industrial valve market. Businesses are making investments to increase production and efficiency. In order to fulfill the growing demand for crude oil and maintain effective operations, important nations in the European region have intensified their focus on constructing and repairing their oil refineries. This scenario predicts that investments in pipelines and infrastructure will rise, which will enhance demand for valves during the projection period. The need for industrial valves is driven by the general growth and expansion of numerous industries in Europe, including power generation, oil and gas, chemicals, water and wastewater, and pharmaceuticals. As these sectors develop, they need valves for regulating and controlling fluid flow, which expands the market. The development of the industrial valve market is aided by infrastructure projects such as pipeline networks, power plants, and water treatment facilities. A variety of valves are needed for these projects' different purposes. Control valves, actuation systems, and smart valve solutions are required by the trend toward automation and Industry 4.0 in manufacturing processes to maximize production effectiveness.

According to the research report, “Europe Industrial Valves Market Outlook, 2028” the market is expected to add more than USD 5 Billion from 2023 to 2028. The move to renewable energy sources is being led by Europe. As a result, the production of specialized valves for the generation of wind, solar, and hydroelectric power has significantly increased on the industrial valve market in Europe. In these applications, valves are essential for regulating the flow of gases and liquids. The industry of industrial valves has experienced constant innovation as a result of Europe's strong commitment to R&D. The area makes significant R&D investments, which result in improvements in materials, designs, and valve technology. In Europe's research institutions and businesses, there have been substantial advancements in smart valves, digital control systems, and solutions for preventive maintenance. The manufacturing sector in Europe has quickly embraced Industry 4.0 concepts. Automation, data analytics, and the Industrial Internet of Things (IoT) are all included in this. This has resulted in the creation of smart industrial valves that can be monitored and controlled remotely, enabling more effective and economical operations. Europe is renowned for its strict quality requirements and industry-specific certifications. European valve production frequently complies with widely acknowledged standards, guaranteeing dependability and safety. This commitment to excellence has contributed to the credibility of European valve products. European industries often collaborate across sectors to share expertise and foster innovation. This inter-industry collaboration has led to the development of cross-functional valve solutions that can address complex challenges in multiple sectors, such as food and beverage, pharmaceuticals, and chemical processing.

Based on report market is divided into six major countries, Germany, United Kingdom, France, Italy, Spain and Russia. Among the market is majorly dominated by Germany with significant market share.

The industrial base of Germany is regarded for being robust and diverse. Numerous industries, including those in the automotive, chemical, pharmaceutical, mechanical, and industrial sectors, are based there. Due to the high need for different industrial valve types in these sectors to regulate fluid and gas flow, there is a constant requirement for valve goods. Engineering excellence is a tradition among German businesses. Industrial valves made in the nation are of high quality and are designed and manufactured with this knowledge in mind. German engineering is renowned for its accuracy and creativity. In terms of technological innovation, Germany is a leader in the industrial valve market. The nation makes significant investments in R&D, which has resulted in advancements in valve design, materials, and automation. The competitiveness of German valve manufacturers has been enhanced by the development of smart valves, digital control systems, and solutions for preventive maintenance. Strong industry clusters and collaboration networks exist in Germany, where businesses, suppliers, and academic institutions cooperate to promote innovation. This cooperative method promotes knowledge sharing and hastens the creation of cutting-edge valve technologies. Germany has a long history of manufacturing and engineering, including in the field of valves. This legacy has contributed to the development of a strong and competitive valve industry.

Based on type market is bifurcated into globe valve, ball valve, butterfly valve, gate valve, check valve, pressure relief valve, plug valve, needle valve, pinch valve, diaphragm valve and others. Among them globe valve type is expected to lead the market of Europe.

Globe valves are renowned for being adaptable. Numerous industries, including oil and gas, chemicals, water treatment, power production, and manufacturing, can use them in a wide range of applications. They are a well-liked option for a wide range of customers because of their versatility. Globe valves have a precise flow control design. They have great throttling features that let operators precisely control the flow rate. This is essential in numerous industrial processes where efficient and safe fluid or gas flow management is required. A wide variety of pressures and temperatures, including high-pressure and high-temperature applications, can be handled by globe valves. They are therefore perfect for usage in demanding situations like the petrochemical and power generation sectors. Europe has a substantial industrial infrastructure, and globe valves are already installed in many of the current facilities. The demand for this valve type will continue to be driven by these facilities replacement, repair, and upgrade requirements. The high-pressure applications that are typical in many European sectors, such as power generation, oil and gas, and chemical processing, are well suited for globe valves. Their attractiveness in these circumstances is increased by the fact that their design enables efficient sealing at high pressures. Globe valves are simple to incorporate into control systems, enabling remote monitoring and management. This is crucial in fields where automating processes and gathering data are essential.

In terms of material market is divided into steel, cast iron, alloy based and others. Furthermore, based on application of the market includes water & wastewater, oil & gas, energy & power/ utilities, chemical, food & beverages, pharmaceuticals, agriculture and others (automotive, marine, metals & mining, construction, pulp & paper).

Steel material is expected to lead the market of Europe. The strength and durability of steel are unmatched. High pressures, soaring temperatures, and corrosive media are just a few of the harsh circumstances that industrial valves must withstand. These extreme environments can be withstood by steel materials, such as stainless steel and carbon steel, making them perfect for a variety of applications in Europe's industries. Steel materials are suitable for both low-temperature and high-temperature applications because they can function well over a wide temperature range. In fields like power generation, where valves must operate in extremely hot environments, adaptability is essential. Steel valves can endure high-pressure situations, which are typical in many European industries. It is essential for applications like steam systems, chemical processing, and power generation to be able to withstand high pressures. Oil and gas industry is major end users of Industrial valves in Europe. The energy needs of Europe are largely met by the oil and gas sector. Oil, natural gas, and refined petroleum products are among the energy resources it supplies to the area in substantial amounts. A wide range of industrial valves are necessary for the effective and secure extraction, transportation, and processing of these resources. The oil and gas industry frequently needs specialist valve solutions, including safety valves to guard against overpressure occurrences, cryogenic valves for liquefied natural gas (LNG) operations, high-pressure and high-temperature valves, subsea valves for undersea applications, and high-pressure and high-temperature valves. The valve industry is driven by innovation and customization due to these niche needs.

Companies Covered in this report:

Emerson Electric Corporation, Schlumberger NV, Velan holding co. ltd., Kitz Corporation, Neway valve, The AVK Group, Spirax Sarco Limited, Johnson Controls International PLC, The Curtiss-Wright Corporation, Mueller Water Products, Inc., Crane ChemPharma & Energy, The Weir Group PLC.

Considered in this report:

• Geography: Europe
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:

• Europe Industrial Valves market Outlook with its value and forecast along with its segments
• Country-wise Industrial Valves market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Country covered in the report:

• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia

By Type:

• Globe Valve
• Ball Valve
• Butterfly Valve
• Gate Valve
• Check Valve
• Pressure Relief Valve
• Plug Valve
• Needle Valve
• Pinch Valve
• Diaphragm Valve
• Others

By Materials:

• Steel
• Cast Iron
• Alloy based
• Others

By Application:

• Water & Wastewater
• Oil & Gas
• Energy & Power/ Utilities
• Chemical
• Food & Beverages
• Pharmaceuticals
• Agriculture
• Others (automotive, marine, metals & mining ,construction, pulp & paper)

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the Industrial Valves industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.