Industrial & Fluid Power Valve Manufacturing in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Ebb and flow: Valve manufacturers will continue to face high uncertainty, hindering profit

Industrial and fluid power valve manufacturers offer general-purpose flow-control devices for widespread uses in manufacturing processes and water utilities infrastructure. The industry also manufactures specialized aerospace, oil and energy valves. Over recent years, valve manufacturers benefited from elevated steel prices, which enabled them to raise valve prices and generate higher revenue. However, elevated levels of economic uncertainty and high inflation slowed down manufacturing activity, hindering growth. Demand from the energy market boomed following skyrocketing oil prices, boosting specialized valve sales from the energy market. These trends have caused revenue to grow at an estimated CAGR of 1.0% to $30.3 billion over the past five years, including a decline of 2.8% in 2023 alone.

This industry manufactures industrial and fluid power (hydraulic and pneumatic) valves, other-flow control devices and related parts, including assemblies, couplings and fittings. Valves are integral to a broad range of industrial and general applications, including manufacturing, waterworks and energy. Residential plumbing fixtures, trim and general-purpose valves and fittings are not included in this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.