The Industrial Valves Market Trends have indicated significant growth, with a valuation of USD 77.12 billion in 2022. Projections suggest substantial expansion, with the market expected to reach USD 109.67 billion by 2030, reflecting a steady Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period from 2023 to 2030.
Industrial valves play a critical role in the control of vapors, liquids, slurries, gases, and more in various industrial processes. Typically constructed from materials such as stainless steel, exposed metal, carbon steel, and other metal alloys, these valves ensure effective and efficient flow control across diverse industries, including chemicals, food and beverage, oil and energy, water and wastewater, and more.
Key Highlights:
1. Current Valuation: As of 2022, the Industrial Valves Market is valued at USD 77.12 billion, underscoring its integral role in enhancing flow control efficiency across various industries.
2. Projected Growth: Forecasts suggest substantial expansion, with the market anticipated to reach USD 109.67 billion by 2030, reflecting a steady CAGR of 4.5% during the forecast period.
3. Versatile Applications: Industrial valves are essential components for controlling the flow of different substances in industries such as chemicals, food and beverage, oil and energy, water and wastewater, and more.
4. Materials and Construction: Valves are commonly constructed from materials like stainless steel, exposed metal, carbon steel, and other metal alloys, ensuring durability and reliability in various industrial applications.
Industry analysts attribute the anticipated growth to the increasing demand for efficient flow control mechanisms across diverse industries. The Industrial Valves Market presents opportunities for stakeholders, investors, and businesses operating within the industrial equipment and manufacturing sectors.
KEY MARKET SEGMENTATION
- TYPE
- Ball Valves
- Butterfly Valves
- Check Valves
- Gate Valves
- Globe Valves
- Diaphragm Valves
- Plug Valves
- Safety Valves
- COMPONENT
- valve body
- Actuators
- others
- MATERIALS
- Alloy Based
- Bronze
- Cast Iron
- Brass
- Steel
- Plastic
- Cryogenic
- Others
- SIZE
- Less than 1”
- 6”
- 7- 25”
- 26- 50”
- More than 50”
- END-USER
- Oil & Gas
- Energy & Power
- Chemicals
- Pulp & Paper
- Metals & Mining
- Agriculture
- Water & Wastewater Treatment
- Food & Beverages
- Building & Construction
- Pharmaceuticals & Healthcare
- Others
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Key Players
- Emerson Electric
- Schlumberger
- Flowserve Corporation
- IMI plc
- Neles Corporation
- Spirax Sarco Limited
- Crane
- Conbraco Industries Inc
- Kitz Corporation
- Trillium Flow Technologies
- Bray International
- Other Players
Driving Factors
- Valve demand is increasing in the healthcare and pharmaceutical industries.
- Increasing demand for connected networks to maintain and monitor industrial equipment.
Opportunities
- Industrial valves are manufactured using 3D printing.
- IIoT and Industry 4.0 applications in industrial valves.
- Replacement of obsolete valves and adoption of smart valves are required.
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Table of Contents
1. Introduction1.1 Market Definition1.2 Scope1.3 Research Assumptions2. Research Methodology3. Market Dynamics4. Impact Analysis4.1 COVID-19 Impact Analysis4.2 Impact of Ukraine- Russia war4.3 Impact of ongoing Recession5. Value Chain Analysis6. Porter’s 5 forces model7. PEST Analysis...13. Regional Analysis14. Company Profile15. Competitive Landscape15.1 Competitive Benchmark15.2 Market Share Analysis15.3 Recent Developments16. Conclusion
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