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Industrial Valves Market By Material type, By Valve type, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 219 Pages
  • January 2023
  • Region: Global
  • Allied Market Research
  • ID: 5134100
UP TO OFF until Jan 30th 2025
The global industrial valves market was valued at $65 billion in 2021, and is projected to reach $110.5 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.

Industrial valves are employed in nearly every process industry. They are mainly utilized for regulation, direction, and control of liquids, slurries, gases, vapors, and others flowing through piping systems. These are high functioning devices, manufactured using cast iron, carbon steel, stainless steel, various metal alloys, bronze, and many other high performing materials.

The body of a valve mainly consists of a body, seat, and a stem, which may or may not be manufactured using a single material. Moreover, industrial valves are mainly custom designed and manufactured, and may be also available as pre-designed valves, as per the industry requirement. Furthermore, globe valves, butterfly valves, ball valves, gate vales, plug valves, pinch valves, and check valves are widely utilized in oil & gas, food & beverage, water & wastewater, chemicals, and other prominent processing industries.

Development in valve automation and control technologies have contributed significantly for boosting the growth of the industrial valves market during the recent years. Automatic valves allow remote handling, which is advantageous in hazardous and remote environments of oil & gas industries, chemical industries, and power plants. In addition, standard valves can be easily upgraded using automatic actuator systems or automatic control systems, which drive the growth of industrial valves market.

Furthermore, the increased investments in the oil & gas storage as well as refining infrastructure, mainly in the North America drive the requirement for industrial valves. North American countries such as the U.S. and Canada are major importers of industrial valves from Asian and European nations. The development of oil & gas industry in North America thus drives the industrial valves market growth globally. Moreover, the demand for industrial valves has significantly increased from the food & beverage industry mainly from the developing nations in Asia-Pacific and Latin America.

The food & beverage processing industry has shown high growth in countries such as India, Brazil, and others, with the surge in agriculture and risen demand for processed food. This, in turn, has created a high demand for industrial valves; thereby, driving the growth of the industrial valves industry.

However, the saturation in industrial growth in major developed countries such as Germany, the U.S., the UK, and others is anticipated to affect the growth in trend for industrial valves significantly. The demand for new industrial valves is extremely slow paced in the previously mentioned countries mainly due to the developed industrial infrastructure. This is expected to restrain the growth of industrial valves market.

In addition, the trade tensions between the U.S. and China has led to newly imposed tariffs on various metals including stainless steel, aluminum, and others, which are mainly used for the manufacturing of industrial valves. This in turn results in surged production costs and a disruption in supply chain of global industrial valves industry, which is projected to restrain the market growth of industrial valves globally.

On the contrary, the technological advancements in industrial valves such as implementation of automation and control technologies are anticipated to create lucrative growth opportunities for the global industrial valves market.

The industrial valves market is segmented on the basis of material type, valve type, application, and region. On the basis of material type, the market is categorized into cast iron, steel, alloy-based, and others. On the basis of valve type, it is segregated into ball valves, butterfly valves, gate valves, globe valves, plug valves, check valves, and diaphragm valves. On the basis of application, it is differentiated into oil & power, water & wastewater, chemical, food & beverage, and others. On the basis of region, the industrial valves market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America is expected to hold the largest market share throughout the study period, and Asia-Pacific is expected to grow at the fastest rate.

The key companies profiled in the report include AVK Holding, Avcon Controls Pvt. Ltd., Schlumberger Limited, Crane, Emerson Electric Co., Flowserve Corp., Forbes Marshall, IMI Plc, Metso Corporation, The Weir Group Plc, EG Valves Manufacturing Co., Ltd., Sirca International S.p.A., KLINGER Holding, Böhmer GmbH, Fluidline Valves Co. Pvt Ltd., Anything Flows LLC, Davis Valve, Powell Valves, Tianjin City Binhaihuayi Valve Co., Ltd., Virgo Engineers Inc, Jag Valves, Walworth, Sap Industries Ltd, Microfinish Valves And Pumps, Newmans Valve LLC, Fluidchem Valves (India) Pvt. Ltd, Goodwin International, Global Valve & Controls, Gemini Valve and Flow Control Technology Valve.

In 2021, Asia-Pacific was the highest contributor to the industrial valves market share and is anticipated to secure a leading position during the forecast period. On the basis of material type, in 2021 the steel segment dominated the industrial valves market, in terms of revenue, and the alloy based segment is expected to witness growth at the highest CAGR during the forecast period.

On the basis of valve type, in 2021, the globe valves segment led the industrial valves market, and plug valves is expected to exhibit highest CAGR in the near future. On the basis of application, the oil & power segment led the market in 2021, in terms of revenue and the food & beverage segment is anticipated to register highest CAGR during the forecast period. On the basis of region, Asia-Pacific garnered the highest revenue in 2021; and LAMEA is anticipated to register highest CAGR during the forecast period.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the industrial valves market analysis from 2021 to 2031 to identify the prevailing industrial valves market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the industrial valves market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global industrial valves market trends, key players, market segments, application areas, and market growth Strategies.

Key Market Segments

By Material type

  • Cast iron
  • Steel
  • Alloy based

By Valve type

  • Ball valves
  • Butterfly valves
  • Gate valves
  • Globe valves
  • Plug valves
  • Check valves
  • Diaphragm valves

By Application

  • Oil and Power
  • Water and wastewater
  • Chemical
  • Food and beverage

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • AVK Holdings A/S
  • Avcon Controls Pvt. Ltd.
  • Crane Co.
  • Emerson Electric Co.
  • Metso Outotec Corporation
  • Flowserve Corp.
  • Sirca International S.p.A.
  • KLINGER Holding
  • Fluidline Valves Co. Pvt. Ltd.
  • Davis Valve
  • Powell Valves
  • Virgo Engineers Inc.
  • Jagflo Components
  • Walworth
  • Microfinish Valves Pvt. Ltd.
  • Goodwin International Ltd.
  • Global Valve & Controls
  • Flow Control Technology Valve
  • IMI plc
  • EG Valves Manufacturing Co., Ltd.
  • Fluidchem Valves (India) Pvt. Ltd.
  • Schlumberger Limited
  • Forbes Marshall
  • The Weir Group PLC
  • Bohmer GmbH
  • Anything Flows LLC
  • Tianjin City Binhai Huayi Valve Co., Ltd.
  • Sap Industries Ltd.
  • Newmans Valves LLC
  • Gemini Valve

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Moderate bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. High threat of substitutes
3.3.4. High threat of new entrants
3.3.5. Moderate intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Growth in demand for automation in control industrial valves
3.4.1.2. Surge in investments in the oil & gas industry in North America
3.4.1.3. Growth of the food & beverage processing industry in developing countries
3.4.2. Restraints
3.4.2.1. The increased tariff on raw materials
3.4.3. Opportunities
3.4.3.1. Advancements in technology
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: INDUSTRIAL VALVES MARKET, BY MATERIAL TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Cast iron
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Steel
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Alloy based
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.5. Others
4.5.1. Key market trends, growth factors and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market share analysis by country

CHAPTER 5: INDUSTRIAL VALVES MARKET, BY VALVE TYPE
5.1. Overview
5.1.1. Market size and forecast
5.2. Ball valves
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Butterfly valves
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Gate valves
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Globe valves
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
5.6. Plug valves
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis by country
5.7. Check valves
5.7.1. Key market trends, growth factors and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market share analysis by country
5.8. Diaphragm valves
5.8.1. Key market trends, growth factors and opportunities
5.8.2. Market size and forecast, by region
5.8.3. Market share analysis by country

CHAPTER 6: INDUSTRIAL VALVES MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast
6.2. Oil and Power
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Water and wastewater
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Chemical
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Food and beverage
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. Others
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country

CHAPTER 7: INDUSTRIAL VALVES MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Material type
7.2.3. Market size and forecast, by Valve type
7.2.4. Market size and forecast, by Application
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Material type
7.2.5.1.3. Market size and forecast, by Valve type
7.2.5.1.4. Market size and forecast, by Application
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Material type
7.2.5.2.3. Market size and forecast, by Valve type
7.2.5.2.4. Market size and forecast, by Application
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Material type
7.2.5.3.3. Market size and forecast, by Valve type
7.2.5.3.4. Market size and forecast, by Application
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Material type
7.3.3. Market size and forecast, by Valve type
7.3.4. Market size and forecast, by Application
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Material type
7.3.5.1.3. Market size and forecast, by Valve type
7.3.5.1.4. Market size and forecast, by Application
7.3.5.2. UK
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Material type
7.3.5.2.3. Market size and forecast, by Valve type
7.3.5.2.4. Market size and forecast, by Application
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Material type
7.3.5.3.3. Market size and forecast, by Valve type
7.3.5.3.4. Market size and forecast, by Application
7.3.5.4. Italy
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Material type
7.3.5.4.3. Market size and forecast, by Valve type
7.3.5.4.4. Market size and forecast, by Application
7.3.5.5. Rest of Europe
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Material type
7.3.5.5.3. Market size and forecast, by Valve type
7.3.5.5.4. Market size and forecast, by Application
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Material type
7.4.3. Market size and forecast, by Valve type
7.4.4. Market size and forecast, by Application
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Material type
7.4.5.1.3. Market size and forecast, by Valve type
7.4.5.1.4. Market size and forecast, by Application
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Material type
7.4.5.2.3. Market size and forecast, by Valve type
7.4.5.2.4. Market size and forecast, by Application
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Material type
7.4.5.3.3. Market size and forecast, by Valve type
7.4.5.3.4. Market size and forecast, by Application
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Material type
7.4.5.4.3. Market size and forecast, by Valve type
7.4.5.4.4. Market size and forecast, by Application
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Material type
7.4.5.5.3. Market size and forecast, by Valve type
7.4.5.5.4. Market size and forecast, by Application
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Material type
7.5.3. Market size and forecast, by Valve type
7.5.4. Market size and forecast, by Application
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Material type
7.5.5.1.3. Market size and forecast, by Valve type
7.5.5.1.4. Market size and forecast, by Application
7.5.5.2. Middle East
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Material type
7.5.5.2.3. Market size and forecast, by Valve type
7.5.5.2.4. Market size and forecast, by Application
7.5.5.3. Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Material type
7.5.5.3.3. Market size and forecast, by Valve type
7.5.5.3.4. Market size and forecast, by Application

CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021

CHAPTER 9: COMPANY PROFILES
9.1. AVK Holdings A/S
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.2. Avcon Controls Pvt. Ltd.
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.3. Schlumberger Limited
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.3.7. Key strategic moves and developments
9.4. Crane Co.
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.4.7. Key strategic moves and developments
9.5. Emerson Electric Co.
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.5.7. Key strategic moves and developments
9.6. Forbes Marshall
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.7. IMI plc
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Business performance
9.8. Metso Outotec Corporation
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Business performance
9.9. Flowserve Corp.
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Business performance
9.10. The Weir Group PLC
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
9.10.7. Key strategic moves and developments
9.11. EG Valves Manufacturing Co., Ltd.
9.11.1. Company overview
9.11.2. Key Executives
9.11.3. Company snapshot
9.11.4. Operating business segments
9.11.5. Product portfolio
9.12. Sirca International S.p.A.
9.12.1. Company overview
9.12.2. Key Executives
9.12.3. Company snapshot
9.12.4. Operating business segments
9.12.5. Product portfolio
9.13. KLINGER Holding
9.13.1. Company overview
9.13.2. Key Executives
9.13.3. Company snapshot
9.13.4. Operating business segments
9.13.5. Product portfolio
9.13.6. Business performance
9.13.7. Key strategic moves and developments
9.14. Bohmer GmbH
9.14.1. Company overview
9.14.2. Key Executives
9.14.3. Company snapshot
9.14.4. Operating business segments
9.14.5. Product portfolio
9.15. Fluidline Valves Co. Pvt. Ltd.
9.15.1. Company overview
9.15.2. Key Executives
9.15.3. Company snapshot
9.15.4. Operating business segments
9.15.5. Product portfolio
9.16. Anything Flows LLC
9.16.1. Company overview
9.16.2. Key Executives
9.16.3. Company snapshot
9.16.4. Operating business segments
9.16.5. Product portfolio
9.17. Davis Valve
9.17.1. Company overview
9.17.2. Key Executives
9.17.3. Company snapshot
9.17.4. Operating business segments
9.17.5. Product portfolio
9.18. Powell Valves
9.18.1. Company overview
9.18.2. Key Executives
9.18.3. Company snapshot
9.18.4. Operating business segments
9.18.5. Product portfolio
9.19. Tianjin City Binhai Huayi Valve Co., Ltd.
9.19.1. Company overview
9.19.2. Key Executives
9.19.3. Company snapshot
9.19.4. Operating business segments
9.19.5. Product portfolio
9.20. Virgo Engineers Inc.
9.20.1. Company overview
9.20.2. Key Executives
9.20.3. Company snapshot
9.20.4. Operating business segments
9.20.5. Product portfolio
9.21. Jagflo Components
9.21.1. Company overview
9.21.2. Key Executives
9.21.3. Company snapshot
9.21.4. Operating business segments
9.21.5. Product portfolio
9.22. Walworth
9.22.1. Company overview
9.22.2. Key Executives
9.22.3. Company snapshot
9.22.4. Operating business segments
9.22.5. Product portfolio
9.23. Sap Industries Ltd.
9.23.1. Company overview
9.23.2. Key Executives
9.23.3. Company snapshot
9.23.4. Operating business segments
9.23.5. Product portfolio
9.24. Microfinish Valves Pvt. Ltd.
9.24.1. Company overview
9.24.2. Key Executives
9.24.3. Company snapshot
9.24.4. Operating business segments
9.24.5. Product portfolio
9.25. Newmans Valves LLC
9.25.1. Company overview
9.25.2. Key Executives
9.25.3. Company snapshot
9.25.4. Operating business segments
9.25.5. Product portfolio
9.26. Fluidchem Valves (India) Pvt. Ltd.
9.26.1. Company overview
9.26.2. Key Executives
9.26.3. Company snapshot
9.26.4. Operating business segments
9.26.5. Product portfolio
9.27. Goodwin International Ltd.
9.27.1. Company overview
9.27.2. Key Executives
9.27.3. Company snapshot
9.27.4. Operating business segments
9.27.5. Product portfolio
9.28. Global Valve & Controls
9.28.1. Company overview
9.28.2. Key Executives
9.28.3. Company snapshot
9.28.4. Operating business segments
9.28.5. Product portfolio
9.29. Gemini Valve
9.29.1. Company overview
9.29.2. Key Executives
9.29.3. Company snapshot
9.29.4. Operating business segments
9.29.5. Product portfolio
9.30. Flow Control Technology Valve
9.30.1. Company overview
9.30.2. Key Executives
9.30.3. Company snapshot
9.30.4. Operating business segments
9.30.5. Product portfolio

List of Tables
Table 01. Global Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 02. Industrial Valves Market for Cast Iron, by Region, 2021-2031 (Revenue, $Million)
Table 03. Industrial Valves Market for Steel, by Region, 2021-2031 (Revenue, $Million)
Table 04. Industrial Valves Market for Alloy Based, by Region, 2021-2031 (Revenue, $Million)
Table 05. Industrial Valves Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 06. Global Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 07. Industrial Valves Market for Ball Valves, by Region, 2021-2031 (Revenue, $Million)
Table 08. Industrial Valves Market for Butterfly Valves, by Region, 2021-2031 (Revenue, $Million)
Table 09. Industrial Valves Market for Gate Valves, by Region, 2021-2031 (Revenue, $Million)
Table 10. Industrial Valves Market for Globe Valves, by Region, 2021-2031 (Revenue, $Million)
Table 11. Industrial Valves Market for Plug Valves, by Region, 2021-2031 (Revenue, $Million)
Table 12. Industrial Valves Market for Check Valves, by Region, 2021-2031 (Revenue, $Million)
Table 13. Industrial Valves Market for Diaphragm Valves, by Region, 2021-2031 (Revenue, $Million)
Table 14. Global Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 15. Industrial Valves Market for Oil and Power, by Region, 2021-2031 (Revenue, $Million)
Table 16. Industrial Valves Market for Water and Wastewater, by Region, 2021-2031 (Revenue, $Million)
Table 17. Industrial Valves Market for Chemical, by Region, 2021-2031 (Revenue, $Million)
Table 18. Industrial Valves Market for Food and Beverage, by Region, 2021-2031 (Revenue, $Million)
Table 19. Industrial Valves Market for Others, by Region, 2021-2031 (Revenue, $Million)
Table 20. Industrial Valves Market, by Region, 2021-2031 (Revenue, $Million)
Table 21. North America Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 22. North America Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 23. North America Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 24. North America Industrial Valves Market, by Country, 2021-2031 (Revenue, $Million)
Table 25. U.S. Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 26. U.S. Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 27. U.S. Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 28. Canada Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 29. Canada Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 30. Canada Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 31. Mexico Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 32. Mexico Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 33. Mexico Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 34. Europe Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 35. Europe Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 36. Europe Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 37. Europe Industrial Valves Market, by Country, 2021-2031 (Revenue, $Million)
Table 38. Germany Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 39. Germany Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 40. Germany Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 41. UK Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 42. UK Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 43. UK Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 44. France Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 45. France Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 46. France Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 47. Italy Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 48. Italy Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 49. Italy Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 50. Rest of Europe Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 51. Rest of Europe Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 52. Rest of Europe Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 53. Asia-Pacific Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 54. Asia-Pacific Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 55. Asia-Pacific Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 56. Asia-Pacific Industrial Valves Market, by Country, 2021-2031 (Revenue, $Million)
Table 57. China Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 58. China Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 59. China Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 60. Japan Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 61. Japan Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 62. Japan Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 63. India Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 64. India Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 65. India Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 66. South Korea Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 67. South Korea Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 68. South Korea Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 69. Rest of Asia-Pacific Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 70. Rest of Asia-Pacific Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 71. Rest of Asia-Pacific Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 72. LAMEA Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 73. LAMEA Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 74. LAMEA Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 75. LAMEA Industrial Valves Market, by Country, 2021-2031 (Revenue, $Million)
Table 76. Latin America Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 77. Latin America Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 78. Latin America Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 79. Middle East Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 80. Middle East Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 81. Middle East Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 82. Africa Industrial Valves Market, by Material Type, 2021-2031 (Revenue, $Million)
Table 83. Africa Industrial Valves Market, by Valve Type, 2021-2031 (Revenue, $Million)
Table 84. Africa Industrial Valves Market, by Application, 2021-2031 (Revenue, $Million)
Table 85. Avk Holdings A/S: Key Executives
Table 86. Avk Holdings A/S: Company Snapshot
Table 87. Avk Holdings A/S: Product Segments
Table 88. Avk Holdings A/S: Product Portfolio
Table 89. Avcon Controls Pvt. Ltd.: Key Executives
Table 90. Avcon Controls Pvt. Ltd.: Company Snapshot
Table 91. Avcon Controls Pvt. Ltd.: Product Segments
Table 92. Avcon Controls Pvt. Ltd.: Product Portfolio
Table 93. Schlumberger Limited: Key Executives
Table 94. Schlumberger Limited: Company Snapshot
Table 95. Schlumberger Limited: Product Segments
Table 96. Schlumberger Limited: Service Segments
Table 97. Schlumberger Limited: Product Portfolio
Table 98. Schlumberger Limited: Key Strategies
Table 99. Crane Co.: Key Executives
Table 100. Crane Co.: Company Snapshot
Table 101. Crane Co.: Product Segments
Table 102. Crane Co.: Product Portfolio
Table 103. Crane Co.: Key Strategies
Table 104. Emerson Electric Co.: Key Executives
Table 105. Emerson Electric Co.: Company Snapshot
Table 106. Emerson Electric Co.: Product Segments
Table 107. Emerson Electric Co.: Product Portfolio
Table 108. Emerson Electric Co.: Key Strategies
Table 109. Forbes Marshall: Key Executives
Table 110. Forbes Marshall: Company Snapshot
Table 111. Forbes Marshall: Product Segments
Table 112. Forbes Marshall: Product Portfolio
Table 113. Imi PLC: Key Executives
Table 114. Imi PLC: Company Snapshot
Table 115. Imi PLC: Product Segments
Table 116. Imi PLC: Product Portfolio
Table 117. Metso Outotec Corporation: Key Executives
Table 118. Metso Outotec Corporation: Company Snapshot
Table 119. Metso Outotec Corporation: Product Segments
Table 120. Metso Outotec Corporation: Product Portfolio
Table 121. Flowserve Corp.: Key Executives
Table 122. Flowserve Corp.: Company Snapshot
Table 123. Flowserve Corp.: Product Segments
Table 124. Flowserve Corp.: Product Portfolio
Table 125. the Weir Group PLC: Key Executives
Table 126. the Weir Group PLC: Company Snapshot
Table 127. the Weir Group PLC: Product Segments
Table 128. the Weir Group PLC: Product Portfolio
Table 129. the Weir Group PLC: Key Strategies
Table 130. Eg Valves Manufacturing Co. Ltd.: Key Executives
Table 131. Eg Valves Manufacturing Co. Ltd.: Company Snapshot
Table 132. Eg Valves Manufacturing Co. Ltd.: Product Segments
Table 133. Eg Valves Manufacturing Co. Ltd.: Product Portfolio
Table 134. Sirca International S.P.A.: Key Executives
Table 135. Sirca International S.P.A.: Company Snapshot
Table 136. Sirca International S.P.A.: Product Segments
Table 137. Sirca International S.P.A.: Product Portfolio
Table 138. Klinger Holding: Key Executives
Table 139. Klinger Holding: Company Snapshot
Table 140. Klinger Holding: Product Segments
Table 141. Klinger Holding: Product Portfolio
Table 142. Klinger Holding: Key Strategies
Table 143. Bohmer GmbH: Key Executives
Table 144. Bohmer GmbH: Company Snapshot
Table 145. Bohmer GmbH: Product Segments
Table 146. Bohmer GmbH: Product Portfolio
Table 147. Fluidline Valves Co. Pvt. Ltd.: Key Executives
Table 148. Fluidline Valves Co. Pvt. Ltd.: Company Snapshot
Table 149. Fluidline Valves Co. Pvt. Ltd.: Product Segments
Table 150. Fluidline Valves Co. Pvt. Ltd.: Product Portfolio
Table 151. Anything Flows LLC: Key Executives
Table 152. Anything Flows LLC: Company Snapshot
Table 153. Anything Flows LLC: Product Segments
Table 154. Anything Flows LLC: Product Portfolio
Table 155. Davis Valve: Key Executives
Table 156. Davis Valve: Company Snapshot
Table 157. Davis Valve: Product Segments
Table 158. Davis Valve: Product Portfolio
Table 159. Powell Valves: Key Executives
Table 160. Powell Valves: Company Snapshot
Table 161. Powell Valves: Product Segments
Table 162. Powell Valves: Product Portfolio
Table 163. Tianjin City Binhai Huayi Valve Co. Ltd.: Key Executives
Table 164. Tianjin City Binhai Huayi Valve Co. Ltd.: Company Snapshot
Table 165. Tianjin City Binhai Huayi Valve Co. Ltd.: Product Segments
Table 166. Tianjin City Binhai Huayi Valve Co. Ltd.: Product Portfolio
Table 167. Virgo Engineers Inc.: Key Executives
Table 168. Virgo Engineers Inc.: Company Snapshot
Table 169. Virgo Engineers Inc.: Product Segments
Table 170. Virgo Engineers Inc.: Product Portfolio
Table 171. Jagflo Components: Key Executives
Table 172. Jagflo Components: Company Snapshot
Table 173. Jagflo Components: Product Segments
Table 174. Jagflo Components: Product Portfolio
Table 175. Walworth: Key Executives
Table 176. Walworth: Company Snapshot
Table 177. Walworth: Product Segments
Table 178. Walworth: Product Portfolio
Table 179. SAP Industries Ltd.: Key Executives
Table 180. SAP Industries Ltd.: Company Snapshot
Table 181. SAP Industries Ltd.: Product Segments
Table 182. SAP Industries Ltd.: Product Portfolio
Table 183. Microfinish Valves Pvt. Ltd.: Key Executives
Table 184. Microfinish Valves Pvt. Ltd.: Company Snapshot
Table 185. Microfinish Valves Pvt. Ltd.: Product Segments
Table 186. Microfinish Valves Pvt. Ltd.: Product Portfolio
Table 187. Newmans Valves LLC: Key Executives
Table 188. Newmans Valves LLC: Company Snapshot
Table 189. Newmans Valves LLC: Product Segments
Table 190. Newmans Valves LLC: Product Portfolio
Table 191. Fluidchem Valves (India) Pvt. Ltd.: Key Executives
Table 192. Fluidchem Valves (India) Pvt. Ltd.: Company Snapshot
Table 193. Fluidchem Valves (India) Pvt. Ltd.: Product Segments
Table 194. Fluidchem Valves (India) Pvt. Ltd.: Product Portfolio
Table 195. Goodwin International Ltd.: Key Executives
Table 196. Goodwin International Ltd.: Company Snapshot
Table 197. Goodwin International Ltd.: Product Segments
Table 198. Goodwin International Ltd.: Product Portfolio
Table 199. Global Valve & Controls: Key Executives
Table 200. Global Valve & Controls: Company Snapshot
Table 201. Global Valve & Controls: Product Segments
Table 202. Global Valve & Controls: Product Portfolio
Table 203. Gemini Valve: Key Executives
Table 204. Gemini Valve: Company Snapshot
Table 205. Gemini Valve: Product Segments
Table 206. Gemini Valve: Product Portfolio
Table 207. Flow Control Technology Valve: Key Executives
Table 208. Flow Control Technology Valve: Company Snapshot
Table 209. Flow Control Technology Valve: Product Segments
Table 210. Flow Control Technology Valve: Product Portfolio

List of Figures
Figure 01. Industrial Valves Market, 2021-2031
Figure 02. Segmentation of Industrial Valves Market, 2021-2031
Figure 03. Top Investment Pockets in Industrial Valves Market (2022-2031)
Figure 04. Moderate Bargaining Power of Suppliers
Figure 05. High Bargaining Power of Buyers
Figure 06. High Threat of Substitutes
Figure 07. High Threat of New Entrants
Figure 08. Moderate Intensity of Rivalry
Figure 09. Drivers, Restraints and Opportunities: Globalindustrial Valves Market
Figure 10. Industrial Valves Market, by Material Type, 2021(%)
Figure 11. Comparative Share Analysis of Industrial Valves Market for Cast Iron, by Country 2021-2031(%)
Figure 12. Comparative Share Analysis of Industrial Valves Market for Steel, by Country 2021-2031(%)
Figure 13. Comparative Share Analysis of Industrial Valves Market for Alloy Based, by Country 2021-2031(%)
Figure 14. Comparative Share Analysis of Industrial Valves Market for Others, by Country 2021-2031(%)
Figure 15. Industrial Valves Market, by Valve Type, 2021(%)
Figure 16. Comparative Share Analysis of Industrial Valves Market for Ball Valves, by Country 2021-2031(%)
Figure 17. Comparative Share Analysis of Industrial Valves Market for Butterfly Valves, by Country 2021-2031(%)
Figure 18. Comparative Share Analysis of Industrial Valves Market for Gate Valves, by Country 2021-2031(%)
Figure 19. Comparative Share Analysis of Industrial Valves Market for Globe Valves, by Country 2021-2031(%)
Figure 20. Comparative Share Analysis of Industrial Valves Market for Plug Valves, by Country 2021-2031(%)
Figure 21. Comparative Share Analysis of Industrial Valves Market for Check Valves, by Country 2021-2031(%)
Figure 22. Comparative Share Analysis of Industrial Valves Market for Diaphragm Valves, by Country 2021-2031(%)
Figure 23. Industrial Valves Market, by Application, 2021(%)
Figure 24. Comparative Share Analysis of Industrial Valves Market for Oil and Power, by Country 2021-2031(%)
Figure 25. Comparative Share Analysis of Industrial Valves Market for Water and Wastewater, by Country 2021-2031(%)
Figure 26. Comparative Share Analysis of Industrial Valves Market for Chemical, by Country 2021-2031(%)
Figure 27. Comparative Share Analysis of Industrial Valves Market for Food and Beverage, by Country 2021-2031(%)
Figure 28. Comparative Share Analysis of Industrial Valves Market for Others, by Country 2021-2031(%)
Figure 29. Industrial Valves Market by Region, 2021
Figure 30. U.S. Industrial Valves Market, 2021-2031 ($Million)
Figure 31. Canada Industrial Valves Market, 2021-2031 ($Million)
Figure 32. Mexico Industrial Valves Market, 2021-2031 ($Million)
Figure 33. Germany Industrial Valves Market, 2021-2031 ($Million)
Figure 34. UK Industrial Valves Market, 2021-2031 ($Million)
Figure 35. France Industrial Valves Market, 2021-2031 ($Million)
Figure 36. Italy Industrial Valves Market, 2021-2031 ($Million)
Figure 37. Rest of Europe Industrial Valves Market, 2021-2031 ($Million)
Figure 38. China Industrial Valves Market, 2021-2031 ($Million)
Figure 39. Japan Industrial Valves Market, 2021-2031 ($Million)
Figure 40. India Industrial Valves Market, 2021-2031 ($Million)
Figure 41. South Korea Industrial Valves Market, 2021-2031 ($Million)
Figure 42. Rest of Asia-Pacific Industrial Valves Market, 2021-2031 ($Million)
Figure 43. Latin America Industrial Valves Market, 2021-2031 ($Million)
Figure 44. Middle East Industrial Valves Market, 2021-2031 ($Million)
Figure 45. Africa Industrial Valves Market, 2021-2031 ($Million)
Figure 46. Top Winning Strategies, by Year
Figure 47. Top Winning Strategies, by Development
Figure 48. Top Winning Strategies, by Company
Figure 49. Product Mapping of Top 10 Players
Figure 50. Competitive Dashboard
Figure 51. Competitive Heatmap: Industrial Valves Market
Figure 52. Top Player Positioning, 2021
Figure 53. Avk Holdings A/S: Net Sales, 2019-2021 ($Million)
Figure 54. Schlumberger Limited: Net Revenue, 2019-2021 ($Million)
Figure 55. Schlumberger Limited: Revenue Share by Segment, 2021 (%)
Figure 56. Schlumberger Limited: Revenue Share by Region, 2021 (%)
Figure 57. Crane Co.: Net Sales, 2019-2021 ($Million)
Figure 58. Crane Co.: Research & Development Expenditure, 2019-2021
Figure 59. Crane Co.: Revenue Share by Segment, 2021 (%)
Figure 60. Crane Co.: Revenue Share by Region, 2021 (%)
Figure 61. Emerson Electric Co.: Net Sales, 2020-2022 ($Million)
Figure 62. Emerson Electric Co.: Research & Development Expenditure, 2020-2022
Figure 63. Emerson Electric Co.: Revenue Share by Segment, 2021 (%)
Figure 64. Emerson Electric Co.: Revenue Share by Region, 2021 (%)
Figure 65. Imi PLC: Net Sales, 2019-2021 ($Million)
Figure 66. Imi PLC: Revenue Share by Segment, 2021 (%)
Figure 67. Imi PLC: Revenue Share by Region, 2021 (%)
Figure 68. Metso Outotec Corporation: Net Sales, 2019-2021 ($Million)
Figure 69. Metso Outotec Corporation: Research & Development Expenditure, 2019-2021
Figure 70. Metso Outotec Corporation: Revenue Share by Segment, 2021 (%)
Figure 71. Metso Outotec Corporation: Revenue Share by Region, 2021 (%)
Figure 72. Flowserve Corp.: Net Sales, 2019-2021 ($Million)
Figure 73. Flowserve Corp.: Research & Development Expenditure, 2019-2021
Figure 74. Flowserve Corp.: Revenue Share by Segment, 2021 (%)
Figure 75. Flowserve Corp.: Revenue Share by Region, 2021 (%)
Figure 76. the Weir Group PLC: Net Sales, 2019-2021 ($Million)
Figure 77. the Weir Group PLC: Revenue Share by Region, 2021 (%)
Figure 78. the Weir Group PLC: Revenue Share by Region, 2021 (%)
Figure 79. Klinger Holding: Revenue Share by Segment, 2020 (%)
Figure 80. Klinger Holding: Revenue Share by Segment, 2020 (%)

Executive Summary

According to the report titled, 'Industrial Valves Market,' the industrial valves market was valued at $65 billion in 2021, and is estimated to reach $110.5 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.

Industrial valves are mainly manufactured using carbon steel, cast iron, stainless steel, and other high-functioning metal alloys to obtain efficient flow control in industries such as water & wastewater, oil & power, food & beverages, chemicals, and others. These valves are electro-mechanical or mechanical devices used for control of gases, liquid, slurries, and others through pipes and tubes in industries. Various kinds of industrial valves perform various functions such as shut on/off, pressure control, and other regulation purposes.

There are various kinds of industrial valves, including ball valves, butterfly valves, check valves, gate valves, globe valves, pinch valves, and others, which are designed for regulation, control, and on & off purposes. Moreover, industrial valves are manufactured using carbon steel, cast iron, stainless steel, and various other metal alloys for attaining high efficiency. Furthermore, the high automation and control in industrial valves improve their functioning in hazardous applications such as oil & gas, chemical processing, nuclear power generation plants, and others.

In addition, the implementation of automation technologies has assisted in reducing the wastage of liquids passing through the pipes and valves, which result in reduction of costs. Various industries adopt automation and control technologies by upgrading their pre-installed industrial valves, which in turn drives the industrial valves market growth.

The investments for extraction of oil & gas has propelled substantially, which has led to infrastructural development. Furthermore, the focus on increasing the production of oil & gas in has created a high demand for industrial valves in the Middle East. This is expected to create massive demand for industrial valves, which in turn may boost the growth of the market.

Moreover, a valve mainly consists of the main body, a stem, and a seat that are generally manufactured using different materials including polymers, rubber, metals, and others to avoid wastage of liquid flowing through the valve. Valves are mainly differentiated by their operating mechanisms. The most widely used valves in industries are globe valves, butterfly valves, ball valves, gate valves plug valves, pinch valves, diaphragm valves, and check valves.

Automation in control valves has made major advancements, owing to the growth in emphasis on precise positioning and automation of industrial valves. Control valves include the use of a valve positioner, which converts electrical signals to pneumatics signals to control the actuator of the valve. Thus, the automation in the valve positioner offers more efficiency, reduced energy consumption, and more reliability, which in turn drives the growth of the industrial valves market.

Furthermore, the oil & gas industry is the largest consumer of industrial valves and includes the use of industrial valves in downstream, midstream, and upstream process applications. Rise in demand for industrial valves in North America boosts the need for importing industrial valves from other countries: thereby, driving the industrial valves market growth. Moreover, the food & beverages processing industry is largely saturated in developed countries, including the European Union countries, the U.S, and China.

Rise in demand for food from developing nations such as Brazil, India, and others boosts the agriculture industry, which in turn fuels the growth of the food & beverage processing industry. This is further expected to drive the demand for industrial valves; thereby, fostering the growth of the industrial valves market.

However, the U.S, administration increased the tariff on derivative aluminum and steel imports, effective from February 8, 2020, this hike includes 25% surge in steel and 10% surge in aluminum imports, which has negatively affected the U.S, manufacturing sector. The global trade for industrial valves has been affected negatively, though the tariff aimed at gaining more revenues from imports, Industrial valves manufacturing utilizes steel on a large scale and the tariff on steel is anticipated to hinder the growth of the market.

In addition, the COVID-19 pandemic has shut-down the production and sales of various products in the industrial valves industry, mainly owing to the prolonged lockdown in major countries including the U.S., Italy, the UK, and others. Th This has affected the growth of the market since 2019 till 2020 Conversely, industries are gradually resuming their regular manufacturing processes, which fueled the recovery of industrial valves market in the second half 2022.

On the contrary, the integration of artificial intelligence and Internet of things (loT) in manufacturing processes under the Industry 4.0'upgradation has pushed the manufacturing industry more towards the automation which further helps in improving the quality of the work and process. Thereby, providing lucrative opportunities for the growth of the industrial valves market.

The global industrial valves market is segmented on the basis of material type, valve type, application, and region. On the basis of material type, the market is categorized into cast iron, steel, alloy-based, and others. On the basis of valve type, it is segregated into ball valves, butterfly valves, gate valves, globe valves, plug valves, check valves, and diaphragm valves. On the basis of application, it is differentiated into oil & power, water & wastewater, chemical, food & beverage, and others. On the basis of region, the industrial valves market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The major players profiled in the industrial valves market report include AVK Holding, Avcon Controls Pvt. Ltd., Schlumberger Limited, Crane, Emerson Electric Co., Flowserve Corp., Forbes Marshall, IMI Plc, Metso Corporation, The Weir Group Plc, EG Valves Manufacturing Co., Ltd., Sirca International S.p.A., KLINGER Holding, Böhmer GmbH, Fluidline Valves Co. Pvt Ltd., Anything Flows LLC, Davis Valve, Powell Valves, Tianjin City Binhaihuayi Valve Co., Ltd., Virgo Engineers Inc, Jag Valves, Walworth, Sap Industries Ltd, Microfinish Valves And Pumps, Newmans Valve LLC, Fluidchem Valves (India) Pvt. Ltd, Goodwin International, Global Valve & Controls, Gemini Valve and Flow Control Technology Valve.

Key Market Insights

By material type, the steel segment was the highest revenue contributor to the market and is estimated to reach $28.9 billion by 2031. and alloy based segment is estimated to be the fastest-growing segment with a CAGR of 5.9% during the forecast period.

By valve type, the globe valves segment dominated the global market and plug valve segment is expected to be the fastest-growing segment with a CAGR of 6.1 % during the forecast period.

Based on application, the oil & power segment was the highest revenue contributor to the market with a CAGR of 5.9% during the forecast period.

Based on region, Asia-Pacific garnered the largest revenue share in 2021, whereas LAMEA is anticipated to grow at the highest CAGR of 5.7% during the forecast period.

Companies Mentioned

  • AVK Holdings A/S
  • Avcon Controls Pvt. Ltd.
  • Crane Co.
  • Emerson Electric Co.
  • Metso Outotec Corporation
  • Flowserve Corp.
  • Sirca International S.p.A.
  • KLINGER Holding
  • Fluidline Valves Co. Pvt. Ltd.
  • Davis Valve
  • Powell Valves
  • Virgo Engineers Inc.
  • Jagflo Components
  • Walworth
  • Microfinish Valves Pvt. Ltd.
  • Goodwin International Ltd.
  • Global Valve & Controls
  • Flow Control Technology Valve
  • IMI plc
  • EG Valves Manufacturing Co., Ltd.
  • Fluidchem Valves (India) Pvt. Ltd.
  • Schlumberger Limited
  • Forbes Marshall
  • The Weir Group PLC
  • Bohmer GmbH
  • Anything Flows LLC
  • Tianjin City Binhai Huayi Valve Co., Ltd.
  • Sap Industries Ltd.
  • Newmans Valves LLC
  • Gemini Valve

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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