Industrial Valves Market Report 2025

The industrial valves market size has grown strongly in recent years. It will grow from $110.13 billion in 2024 to $116.15 billion in 2025 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to infrastructure development, energy exploration and production, globalization of manufacturing, stringent regulatory standards, replacement and upgradation.

The industrial valves market size is expected to see steady growth in the next few years. It will grow to $136.63 billion in 2029 at a compound annual growth rate (CAGR) of 4.1%. The growth in the forecast period can be attributed to focus on environmental sustainability, water management initiatives, renewable energy projects, resilience in supply chains, customization and specialization, global economic recovery. Major trends in the forecast period include smart valve technologies, rise of industrial internet of things, focus on energy efficiency, increased automation in manufacturing, expansion in oil and gas exploration, advanced materials and manufacturing techniques.

The increasing number of oil and gas explorations is anticipated to drive the growth of the industrial valve market in the future. Oil and gas exploration encompasses the methods and techniques used to identify potential drilling locations for extracting these resources. Industrial valves are essential for controlling the flow of oil and gas, managing fluid movement by regulating direction and pressure. For instance, in August 2023, the Energy Information Administration (EIA), a US-based statistical agency, reported that oil production in 2023 reached over 12.8 million barrels per day, projected to rise to approximately 13.2 million barrels per day in 2024 and further to 13.4 million barrels per day in 2025. This increase is attributed to enhanced well productivity, despite a decrease in the number of active rigs. Therefore, the growing number of oil and gas explorations is propelling the growth of the industrial valve market.

Rising concerns regarding water scarcity are expected to enhance the growth of the industrial valve market moving forward. Water scarcity refers to a situation where the available water resources within a region or community are inadequate to meet the demands for drinking water, agriculture, industrial processes, and other uses, resulting in challenges in sustaining basic human and ecological needs. In light of escalating water scarcity, industries and municipalities are focusing on effective water management to minimize waste, with industrial valves playing a crucial role in controlling and optimizing water flow across various processes to improve efficiency. For example, in March 2023, a report published by the United Nations Educational, Scientific and Cultural Organization (UNESCO), a France-based specialized agency, indicated that as of 2023, around 2 billion people, or 26% of the global population, lack access to safe drinking water, while a staggering 3.6 billion people, representing 46% of the world population, do not have proper access to well-managed sanitation facilities. Projections suggest that by 2050, the number of people in urban areas facing water scarcity is expected to double, reaching between 1.7 and 2.4 billion individuals. Consequently, growing concerns over water scarcity are driving the growth of the industrial valve market.

Product innovation is a significant trend gaining traction in the industrial valve market. Leading companies in the industrial valve sector are concentrating on creating innovative solutions to enhance their market positions. For instance, in December 2022, Emerson Electric Co., a US-based manufacturing firm, launched two new technological products known as the Crosby J-Series pressure relief valves. The first variant is a balanced diaphragm valve that reduces the necessity for bellows in pressure-reducing valves while ensuring balanced operation against back pressure, resulting in lower ownership costs and improved performance. The second innovation features bellows leak detection, enabling remote identification of bellows ruptures in pressure-reduction valves while simultaneously lowering and accurately calculating volumetric emissions.

Leading companies in the industrial valve market are creating innovative products, such as control valves, to cater to a broader customer base, boost sales, and increase revenue. A control valve is a mechanical device utilized in various industrial processes to regulate the flow of fluids (like gas, steam, or liquid), pressure, temperature, or other process variables. For example, in February 2022, CIRCOR International Inc., a US-based industrial valve manufacturer, introduced the CIR 3100 control valve. The CIR 3100 control valve features a valve body designed to support various internal configurations, making it suitable for a wide array of applications across industries like upstream, midstream, and downstream oil and gas, power generation, processing, maritime, and renewables. It includes multiple internal options alongside standardized parts and accessories, thereby reducing inventory and maintenance costs. The valve's trims are easily interchangeable, allowing for adaptability to changing process conditions and requirements.

In April 2022, ITT Inc., a US-based manufacturing company specializing in producing components, acquired Habonim Industrial Valves & Actuators Ltd. for $140 million. This acquisition is intended to expand ITT's existing specialty valve portfolio, including its cryogenic and hydrogen ball valve offerings for green energy applications, as well as to access new, lucrative niche markets. Habonim Industrial Valves & Actuators Ltd. is an Israel-based manufacturing firm that provides products such as cryogenic, high-pressure, metal-seated, and high-end ball valves and actuators.

Major companies operating in the industrial valves market include Emerson Electric Co., The Flowserve Corporation, Schlumberger Limited, Crane Holdings Co., KITZ Corporation, AVK Holdings A/S, Forbes Marshall Pvt Ltd., KSB SE & Co. KGaA, Spirax-Sarco Engineering PLC, Metso Outotec Corporation, KLINGER Holding, Alfa Laval AB, Curtiss-Wright Corporation, Honeywell International Inc., Velan Inc., Neway Valve, Samson AG, Neles Oyj, AVCON Controls Pvt. Ltd., Sirca International S.p.A., Fluidline Valves Co. Pvt. Ltd., Davis Valve, Powell Valves, Virgo Engineers Inc., WALWORTH, IMI PLC, Valvitalia SpA, Zhejiang Dunan Valve Co. Ltd., Pentair Valves and Controls, OKANO Valve Mfg. Co. Ltd., Tyco Valves and Controls, Swagelok Company.

Asia-Pacific was the largest region in the industrial valves market in 2024. The regions covered in the industrial valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial valves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Industrial valves are mechanical components designed to control the flow through pipes and other passages by facilitating opening, closing, and partial opening of the passages. They play a crucial role in regulating the flow of fluids, gases, and slurries and can be operated manually or automatically.

The primary types of industrial valves encompass ball valves, check valves, butterfly valves, plug valves, globe valves, gate valves, diaphragm valves, and safety valves. A ball valve, for instance, is a shutoff valve that manages the movement of liquids or gases through the rotation of a ball within a bore. These valves serve various functions such as isolation, regulation, safety relief, special purposes, and non-return, and they are crafted from materials such as ductile iron, carbon steel, plastic, brass, bronze, copper, aluminum, and others. Additional accessories include hydraulic filters, power cables, mounting screws and bolts, seal kits, dust protection covers, among others. These valves find applications in diverse industries such as chemicals, energy and power, oil and gas, water and wastewater treatment, building and construction, paper and pulp, metal and mining, agriculture, semiconductors, and others.

The industrial valves market research report is one of a series of new reports that provides industrial valves market statistics, including industrial valves industry global market size, regional shares, competitors with an industrial valves market share, detailed industrial valves market segments, market trends and opportunities, and any further data you may need to thrive in the industrial valves industry. The industrial valves market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The industrial valves consist of sales of quarter-turn valves, multi-turn valves, knife gate valves, and sluice gate valves. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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