The global water and gas valves market size reached US$ 21.7 Billion in 2023. Looking forward, the market is projected to reach US$ 32.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.63% during 2023-2032. Significant growth in the oil and gas industry, extensive research and development (R&D) activities, and rapid technological advancements represent some of the key factors driving the market.
Water and gas valves are devices that regulate the flow in one direction or the other. They are generally manufactured using aluminum, copper, brass, bronze, steel, stainless steel, polyvinyl chloride (PVC), and plastics. Water valves are widely installed in various locations throughout a building, such as at the main water supply line, individual fixtures, and appliances.
On the other hand, gas valves are installed on gas lines that supply natural gas or propane to appliances such as furnaces, stoves, and water heaters. They assist in ensuring the safe operation of gas-powered machines and preventing gas leaks. Water and gas valves are used in residential buildings to regulate the supply of water and gas to appliances and fixtures such as faucets, toilets, water heaters, and stoves.
Apart from this, the development of smart valves that are equipped with sensors and other advanced technology that aids in optimizing valve performance, reducing energy consumption, and providing real-time monitoring and control is providing an impetus to the market growth. Additionally, the increasing adoption of quarter-turn valves in water systems as it allows more precise control over the flow of water or other fluid and reduces the risk of contamination, which in turn is propelling the market growth.
Furthermore, the introduction of anti-corrosive coating on water and gas valves that protect them from corrosion and other forms of wear and tear and helps to extend the lifespan of the valve by reducing the need for maintenance and replacement is positively influencing the market growth. Other factors, including growing investments in infrastructure development projects, rising awareness about safety measures related to handling gasses, extensive research, and development (R&D) activities, and the implementation of various government initiatives to promote the use of water and gas valves in order to prevent spills or leaks that can harm the environment are supporting the market growth.
2. What is the expected growth rate of the global water and gas valves market during 2024-2032?
3. What are the key factors driving the global water and gas valves market?
4. What has been the impact of COVID-19 on the global water and gas valves market?
5. What is the breakup of the global water and gas valves market based on the type?
6. What is the breakup of the global water and gas valves market based on the application?
7. What are the key regions in the global water and gas valves market?
8. Who are the key players/companies in the global water and gas valves market?
Water and gas valves are devices that regulate the flow in one direction or the other. They are generally manufactured using aluminum, copper, brass, bronze, steel, stainless steel, polyvinyl chloride (PVC), and plastics. Water valves are widely installed in various locations throughout a building, such as at the main water supply line, individual fixtures, and appliances.
On the other hand, gas valves are installed on gas lines that supply natural gas or propane to appliances such as furnaces, stoves, and water heaters. They assist in ensuring the safe operation of gas-powered machines and preventing gas leaks. Water and gas valves are used in residential buildings to regulate the supply of water and gas to appliances and fixtures such as faucets, toilets, water heaters, and stoves.
Water and Gas Valves Market Trends
The significant growth in the oil and gas industry across the globe is one of the key factors creating a positive outlook for the market. Water and gas valves are widely used to regulate the flow of fluids and gasses in various stages of the extraction, production, and transportation process. In line with this, the increasing product demand that can handle high-pressure and high-temperature applications is favoring the market growth. Moreover, the widespread product adoption in the industrial sector for manufacturing processes, power generation, and other applications is acting as another growth-inducing factor.Apart from this, the development of smart valves that are equipped with sensors and other advanced technology that aids in optimizing valve performance, reducing energy consumption, and providing real-time monitoring and control is providing an impetus to the market growth. Additionally, the increasing adoption of quarter-turn valves in water systems as it allows more precise control over the flow of water or other fluid and reduces the risk of contamination, which in turn is propelling the market growth.
Furthermore, the introduction of anti-corrosive coating on water and gas valves that protect them from corrosion and other forms of wear and tear and helps to extend the lifespan of the valve by reducing the need for maintenance and replacement is positively influencing the market growth. Other factors, including growing investments in infrastructure development projects, rising awareness about safety measures related to handling gasses, extensive research, and development (R&D) activities, and the implementation of various government initiatives to promote the use of water and gas valves in order to prevent spills or leaks that can harm the environment are supporting the market growth.
Key Market Segmentation
This report provides an analysis of the key trends in each segment of the global water and gas valves market, along with forecasts at the global, regional, and country levels from 2024-2032. The report has categorized the market based on type, and application.Type Insights:
- Quarter-turn Valves
- Multi-turn Valves
- Control Valves
Application Insights:
- Oil and Gas Industry
- Water and Wastewater Treatment Industry
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global water and gas valves market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Crane Holdings Co., Curtiss-Wright Corporation, Emerson Electric Co., Flowserve Corporation, Honeywell International Inc., KSB SE & Co. KGaA, Schlumberger Limited, Watts Water Technologies Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report
1. How big is the global water and gas valves market?2. What is the expected growth rate of the global water and gas valves market during 2024-2032?
3. What are the key factors driving the global water and gas valves market?
4. What has been the impact of COVID-19 on the global water and gas valves market?
5. What is the breakup of the global water and gas valves market based on the type?
6. What is the breakup of the global water and gas valves market based on the application?
7. What are the key regions in the global water and gas valves market?
8. Who are the key players/companies in the global water and gas valves market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Water and Gas Valves Market
6 Market Breakup by Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Drivers, Restraints, and Opportunities
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Crane Holdings Co. Curtiss-Wright Corporation
- Emerson Electric Co. Flowserve Corporation
- Honeywell International Inc.
- KSB SE & Co. KGaA
- Schlumberger Limited
- Watts Water Technologies Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 136 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 21.7 Billion |
| Forecasted Market Value ( USD | $ 32.6 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
