Commercial Valves Market Report 2024

The commercial valve market size has grown strongly in recent years. It will grow from $2.69 billion in 2023 to $2.86 billion in 2024 at a compound annual growth rate (CAGR) of 6%. The growth during the historic period can be attributed to several factors, the rise in industrialization increased the demand for commercial valves across various sectors, heightened construction activities boosted the need for efficient fluid control systems in buildings, growing infrastructure development in emerging economies spurred the demand for commercial valves, increasing needs for water and wastewater treatment drove the adoption of advanced valve solutions, and a greater focus on energy efficiency led to the development and implementation of innovative valve technologies.

The commercial valve market size is expected to see strong growth in the next few years. It will grow to $3.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth during the forecast period can be attributed to several factors, the expansion of the oil and gas industry is expected to drive demand for durable and reliable valves, advancements in valve technology will introduce smarter, more efficient solutions, growth in the chemical and petrochemical industries will increase the need for specialized commercial valves, rising adoption of automation and IoT in industrial applications will enhance the market for smart valves, and increasing environmental regulations will require advanced valve systems to comply with new standards. Major trends in the forecast period include the integration of IoT and automation into valve systems, leading to smarter and more efficient operations, the development of advanced materials that enhance valve durability and performance in extreme conditions, growth in smart and digital valves offering improved control and monitoring capabilities, expansion into emerging markets driving demand for versatile commercial valves, and a focus on energy-efficient and sustainable solutions influencing the design and functionality of future valve systems.

The growth of the commercial valves market is expected to be driven by increasing industrialization. Industrialization, which involves the transition from agrarian-based to industrial-based economies, is marked by advancements in manufacturing, technical processes, and production efficiency. This shift is fueled by rising demand for goods and services, leading to expanded production capabilities and economic development. Commercial valves play a vital role in industrialization by controlling and regulating fluid flow in various production processes, ensuring operational efficiency and safety. For example, in July 2023, Eurostat reported that seasonally adjusted industrial production in the European area rose by 0.2% in May 2023, while the European Union saw an increase of 0.1% compared to April 2023. Thus, the ongoing industrialization is contributing to the growth of the commercial valves market.

Leading companies in the commercial valves market are concentrating on technological advancements, such as high-flow and high-pressure designs, to secure a competitive edge. High-flow and high-pressure designs are systems or components engineered to handle large volumes of fluid with minimal resistance (high-flow) while maintaining durability and integrity under high-pressure conditions. For example, in April 2024, Emerson Electric Co., a US-based engineering and technology firm, launched the ASCO Series 148-149 Safety Valve and Motorized Actuator. This product boasts rapid opening and closing times of under one second, enhanced sealing capabilities to prevent leaks at high pressures, and integrated diagnostics for real-time performance monitoring, ensuring optimal operational safety.

In March 2021, Ultra Clean Holdings Inc. (UCT), a US-based semiconductor manufacturing company, acquired HAM-LET Group for $351 million. This acquisition allows UCT to expand its product portfolio in the semiconductor market, which is seeing a growing demand for high-purity components and advanced flow control systems. HAM-LET Group is an Israel-based provider of commercial valves.

Major companies operating in the commercial valves market are Schlumberger Company, Parker Hannifin Corporation, Emerson Electric Co., Pentair plc, Flowserve Corporation, The Weir Group PLC, Crane Co., KSB SE & Co. KGaA, Curtiss-Wright Corporation, IMI plc, Watts Water Technologies Inc., Spirax-Sarco Engineering plc, Mueller Water Products Inc., AVK Holding A/S, KITZ Corporation, Samson AG, Rotork plc, NIBCO Inc., Neway Valve Co. Ltd., Velan Inc., Valvitalia S.p.A., Bray International Inc., Cla-Val Company, Habonim Industrial Valves & Actuators.

Asia-Pacific was the largest region in the commercial valve market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the commercial valves market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Commercial valves are mechanical devices used to regulate, control, and direct the flow of fluids, including liquids, gases, and slurries, in various industrial applications. Constructed from robust materials such as stainless steel, brass, or plastic, these valves are essential for the efficient and safe operation of fluid systems. Their design and functionality are vital for ensuring system performance and reliability.

The primary types of commercial valves include ball valves, check valves, butterfly valves, balancing valves, gate valves, and globe valves. They are made from materials such as alloy-based metals, cast iron, steel, and others, and are distributed through various channels, including direct sales and indirect sales.

The commercial valves market research report is one of a series of new reports that provides commercial valves market statistics, including commercial valves industry global market size, regional shares, competitors with a commercial valves market share, detailed commercial valves market segments, market trends and opportunities, and any further data you may need to thrive in the commercial valves industry. This commercial 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 commercial valves market consists of sales of pressure relief valves, control valves, and diaphragm 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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