Report ID : 1701 | Published : 2024-10-18 | Pages: 180 | Format:
The Global Industrial Valves Market Size is valued at 67.57 billion in 2022 and is predicted to reach 104.62 billion by the year 2031 at a 5.17% CAGR during the forecast period for 2023-2031. coal chemical valve industrial valve
Over the forecast period, rising automation brought on by growing industrialization and facility development is anticipated to drive the market. Increasing consumer demand for flow control equipment will positively affect market expansion. Intelligent control systems for smart valves are expected to become very important, which is anticipated to speed up their development. During the next seven years, demand will be driven by increased diagnostics and intelligent technologies in industrial valves for monitoring process variables such as upstream and downstream pressure stem position, temperature, and flow rate.
The use of coal is being demonized, and traditional coal-fired plants are being shut down, among other things, which could impede growth. Price changes for raw materials could slow down the use and uptake of the technology. Moreover, the expansion of the conventional power industry may need to be improved by compliance with onerous government restrictions.
The Industrial Valves market is segmented based on type, material, component, function , size and end-user. Based on type, the market is segmented as ball valves, check valves, butterfly valves, plug valves, globe valves, gate valves, diaphragm valves, and safety valves. The component segment includes actuators, valve bodies, and other components. By function, the market is segmented into on/off, and control. The material segment includes steel, cast iron, alloy-based, cryogenic, plastic, and other materials. The size segment includes <1, 1" to 6", 7" to 25", 26" to 50", and>50".
The End-user industry includes chemicals, energy & power, oil & gas, water & wastewater treatment, building & construction, paper & pulp, metal & mining, agriculture, semiconductor, pharmaceutical, food & beverage, and others.
The market for check valves is expected to continue expanding steadily. These valves are unidirectional, preventing the process flow from damaging the equipment or interrupting the flow, by preventing it from returning to the system. The demand across sectors has been positively impacted by rising automation and the need for refineries to control fluid flow.
The majority of total income was accounted for by the oil and gas segment. The market for industrial valves has grown as a result of rising demand for deeper wells, longer pipelines, and lower production costs as well as technological advancements in processing, production, and transportation. Furthermore, the requirement for monitoring and regulating from a centralized location and growing pipeline installations have boosted the industry's output and demand for smart valves.
The market's largest region was Asia Pacific. Production across the region is predicted to benefit from the expanding construction activity and increasing chemical consumption. The demand is also anticipated to be fueled by increasing capacity additions at petroleum refineries and the development of new nuclear power plants. For example, China is planning to invest in the development of brand-new coal-fired and scrubber power plants.
Representation of revenue in US$ Million, and CAGR from 2023 to 2031
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends
Type, Material, Component, Function, Size And End-user
North America; Europe; Asia Pacific; Latin America; Middle East & Africa
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia
Emerson, Flowserve Corporation, Sclumberger Limited, Crane Co., Neles, KITZ Corporatin, IMI PLC, KSB SE & Co, & KGaA, Bray International, and Spirax-Sarco Engineering PLC.
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Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions
Chapter 3. Global Industrial Valves Market Snapshot
Chapter 4. Global Industrial Valves Market Variables, Trends & Scope 4.1. Market Segmentation & Scope 4.2. Drivers 4.3. Challenges 4.4. Trends 4.5. Investment and Funding Analysis 4.6. End-user Analysis – Porter’s Five Forces Analysis 4.7. Competitive Landscape & Market Share Analysis 4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Material Estimates & Trend Analysis 5.1. by Material & Market Share, 2019 & 2031 5.2. Market Function (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Material:
5.2.1. Steel 5.2.2. Cast Iron 5.2.3. Alloy Based 5.2.4. Cryogenic 5.2.5. Plastic 5.2.6. Other Materials (Bronze and Brass)
Chapter 6. Market Segmentation 2: by Component Estimates & Trend Analysis 6.1. by Component & Market Share, 2019 & 2031 6.2. Market Function (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Component:
6.2.1. Actuators 6.2.2. Valve Body 6.2.3. Other Components (Positioners and I/P Converters)
Chapter 7. Market Segmentation 3: by Type Estimates & Trend Analysis 7.1. by Type & Market Share, 2019 & 2031 7.2. Market Function (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Type:
7.2.1. Ball Valves 7.2.2. Check Valves 7.2.3. Butterfly Valves 7.2.4. Plug Valves 7.2.5. Globe Valves 7.2.6. Gate Valves 7.2.7. Diaphragm Valves 7.2.8. Safety Valves
Chapter 8. Market Segmentation 4: by Function Estimates & Trend Analysis 8.1. by Function & Market Share, 2019 & 2031 8.2. Market Function (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Function:
Chapter 9. Market Segmentation 5: by Size Estimates & Trend Analysis 9.1. by Size & Market Share, 2019 & 2031 9.2. Market Function (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Size:
9.2.1. <1” 9.2.2. 1” to 6” 9.2.3. 7” to 25” 9.2.4. 26” to 50” 9.2.5. >50”
Chapter 10. Market Segmentation 6: by End-user Estimates & Trend Analysis 10.1. by End-user& Market Share, 2019 & 2031 10.2. Market Function (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-user:
10.2.1. Chemicals 10.2.2. Energy & Power 10.2.3. Oil & Gas 10.2.4. Water & Wastewater Treatment 10.2.5. Building & Construction 10.2.6. Paper & Pulp 10.2.7. Metal & Mining 10.2.8. Agriculture 10.2.9. Semiconductor 10.2.10. Pharmaceutical 10.2.11. Food & Beverage 10.2.12. Other End-User Industries (Textile and Glass)
Chapter 11. Industrial Valves Market Segmentation 7: Regional Estimates & Trend Analysis
11.1.1. North America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Material, 2023-2031 11.1.2. North America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Component, 2023-2031 11.1.3. North America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Type, 2023-2031 11.1.4. North America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Function, 2023-2031 11.1.5. North America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Size, 2023-2031 11.1.6. North America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2023-2031 11.1.7. North America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
11.2.1. Europe Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Material, 2023-2031 11.2.2. Europe Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Component, 2023-2031 11.2.3. Europe Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Type, 2023-2031 11.2.4. Europe Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Function, 2023-2031 11.2.5. Europe Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Size, 2023-2031 11.2.6. Europe Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2023-2031 11.2.7. Europe Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
11.3.1. Asia Pacific Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Material, 2023-2031 11.3.2. Asia Pacific Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Component, 2023-2031 11.3.3. Asia-Pacific Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Type, 2023-2031 11.3.4. Asia Pacific Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Function, 2023-2031 11.3.5. Asia Pacific Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Size, 2023-2031 11.3.6. Asia Pacific Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2023-2031 11.3.7. Asia Pacific Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
11.4.1. Latin America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Material, 2023-2031 11.4.2. Latin America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Component, 2023-2031 11.4.3. Latin America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Type, 2023-2031 11.4.4. Latin America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Function, 2023-2031 11.4.5. Latin America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Size, 2023-2031 11.4.6. Latin America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2023-2031 11.4.7. Latin America Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
11.5.1. Middle East & Africa Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Material, 2023-2031 11.5.2. Middle East & Africa Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Component, 2023-2031 11.5.3. Middle East & Africa Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Type, 2023-2031 11.5.4. Middle East & Africa Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Function, 2023-2031 11.5.5. Middle East & Africa Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by Size, 2023-2031 11.5.6. Middle East & Africa Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by End-user, 2023-2031 11.5.7. Middle East & Africa Industrial Valves Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
12.1. Major Mergers and Acquisitions/Strategic Alliances
12.2.1. ALFA LAVAL 12.2.2. AVK Holding AS 12.2.3. Baker Hughes 12.2.4. Bray International, 12.2.5. CIRCOR International Inc. 12.2.6. Crane Co., 12.2.7. Curtiss-Wright Corporation 12.2.8. Danfoss AS 12.2.9. Emerson Electric Co. 12.2.10. Flowserve Corporation 12.2.11. Georg Fischer Ltd 12.2.12. Hitachi Ltd 12.2.13. Honeywell International Inc. 12.2.14. IMI PLC, 12.2.15. ITT Inc. 12.2.16. KITZ Corporation 12.2.17. KLINGER Group 12.2.18. KSB SE & Co, & KGaA, 12.2.19. Mueller Water Products Inc. 12.2.20. Neles, 12.2.21. NIBCO Inc. 12.2.22. Okano Valve Mfg. Co. Ltd 12.2.23. Saint-Gobain 12.2.24. Schlumberger Limited 12.2.25. Spirax-Sarco Engineering PLC. 12.2.26. TechnipFMC PLC 12.2.27. The Weir Group PLC 12.2.28. Valvitalia SpA 12.2.29. Xylem 12.2.30. Zhejiang Dunan Valve Co. Ltd 12.2.31. Other Prominent Players
Segmentation of Industrial Valves Market-
Industrial Valves Market By Type-
Industrial Valves Market By Component-
Industrial Valves Market By Function-
Industrial Valves Market By Material-
Industrial Valves Market By Size-
Industrial Valves Market By End-User Industry-
Industrial Valves Market By Region-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
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Industrial Valves Market Size is valued at 67.57 billion in 2022 and is predicted to reach 104.62 billion by the year 2031
Industrial Valves Market expected to grow at a 5.17% CAGR during the forecast period for 2023-2031
Emerson, Flowserve Corporation, Sclumberger Limited, Crane Co., Neles, KITZ Corporatin, IMI PLC, KSB SE & Co, & KGaA, Bray International, and Spirax-S
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