Industrial Valves Trends and Forecast
The future of the global industrial valves market looks promising with opportunities in the chemical, energy & power, oil & gas, water & wastewater treatment, building & construction, paper & pulp, metal & mining, agriculture, and food & beverage markets. The global industrial valves market is expected to reach an estimated $118.5 billion by 2030 with a CAGR of 6.9% from 2024 to 2030. The major drivers for this market are growing demand for valves from healthcare and pharmaceutical industries, rising need for establishment of new power plants and revamp existing ones, and significant deployment of connected networks so as to monitor valve conditions as wellas predict system failure.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Industrial Valves by Segment
The study includes a forecast for the global industrial valves by type, function, size, end use industry, and region
Industrial Valves Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Ball Valves
• Check Valves
• Butterfly Valves
• Plug Valves
• Globe Valves
• Gate Valves
• Diaphragm Valves
• Safety Valves
Industrial Valves Market by Function [Shipment Analysis by Value from 2018 to 2030]:
• On/Off
• Control
Industrial Valves Market by Size [Shipment Analysis by Value from 2018 to 2030]:
• <1”
• 1” to 6”
• 7” to 25”
• 26” to 50”
• >50”
Industrial Valves Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Chemicals
• Energy & Power
• Oil & Gas
• Water & Wastewater Treatment
• Building & Construction
• Paper & Pulp
• Metal & Mining
• Agriculture
• Food & Beverage
• Others
Industrial Valves Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Industrial Valves Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial valves companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial valves companies profiled in this report include-
• Emerson
• Flowserve
• Schlumberger
• Crane
• Neles
• KITZ
• IMI PLC
• KSB SE
• Bray International
• Spirax-Sarco Engineering
Industrial Valves Market Insights
Lucintel forecasts that 1” to 6” is expected to witness highest growth over the forecast period.
Within this market, energy & power will remain the largest segment.
North America is expected to witness highest growth over the forecast period.
Features of the Global Industrial Valves Market
Market Size Estimates: Industrial valves market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Industrial valves market size by various segments, such as by type, function, size, end use industry, and region in terms of value ($B).
Regional Analysis: Industrial valves market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, function, size, end use industry, and regions for the industrial valves market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial valves market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the industrial valves market size?
Answer: The global industrial valves market is expected to reach an estimated $118.5 billion by 2030.
Q.2 What is the growth forecast for industrial valves market?
Answer: The global industrial valves market is expected to grow with a CAGR of 6.9% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the industrial valves market?
Answer: The major drivers for this market are growing demand for valves from healthcare and pharmaceutical industries, rising need for establishment of new power plants and revamp existing ones, and significant deployment of connected networks so as to monitor valve conditions as wellas predict system failure.
Q4. What are the major segments for industrial valves market?
Answer: The future of the industrial valves market looks promising with opportunities in the chemicals, energy & power, oil & gas, water & wastewater treatment, building & construction, paper & pulp, metal & mining, agriculture, and food & beverage markets.
Q5. Who are the key industrial valves market companies?
Answer: Some of the key industrial valves companies are as follows:
• Emerson
• Flowserve
• Schlumberger
• Crane
• Neles
• KITZ
• IMI
• KSB SE
• Bray International
• Spirax-Sarco Engineering
Q6. Which industrial valves market segment will be the largest in future?
Answer: Lucintel forecasts that 1” to 6” is expected to witness highest growth over the forecast period.
Q7. In industrial valves market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the industrial valves market bytype (ball valves, check valves, butterfly valves,plug valves, globe valves, gate valves, diaphragm valves, and safety valves), function (on/off and control), size (<1”, 1” to 6”, 7” to 25”, 26” to 50”, and >50”), end use industry (chemicals, energy & power, oil & gas, water & wastewater treatment, building & construction, paper & pulp, metal & mining, agriculture, food & beverage, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Industrial Valves Market, Industrial Valves Market Size, Industrial Valves Market Growth, Industrial Valves Market Analysis, Industrial Valves Market Report, Industrial Valves Market Share, Industrial Valves Market Trends, Industrial Valves Market Forecast, Industrial Valves Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.