Industrial Valve Market is to grow at a 4.3% CAGR, with the United States leading the market through 2032

Industrial Valve Market will reach USD 121.43 Bn by 2032.  Industrial Valve Market is driven by increased demand from the oil & gas sector and advancements in valve technologies. 

Industrial Valve Market to Hit USD 121.43 Bn by 2032    

The Industrial Valve Market was USD 86.71 Bn in 2024 and is expected to expand at a CAGR of 4.3% from 2024 to 2032, reaching USD 121.43 Bn by 2032. In November 2024, Technifab Products, Inc., a top supplier of vacuum-insulated pipe systems and cryogenic valves, was acquired by Crane Company for $ 40.5 million. In October 2024, MOGAS Industries, a well-known producer of severe service isolation valves, was fully acquired by Flowserve Corporation. Birmingham-based engineering firm IMI reported cash conversion rates of 89% and operational profit margins of 18.7% at the end of the previous year. Valves are critical components for managing the movement of steam, liquids, and gases in refineries, pipelines, and power plants. Valves are required for fluid and gas management in power production facilities due to the continuous development of nuclear, solar, wind, and hydroelectric power, which is driving market expansion. The market is changing because of the increase in industrial automation and the use of smart valves that have built-in sensors, actuators, and controllers. Digitally controlled valves allow for remote control and real-time monitoring, which increases process accuracy, increases operational efficiency, and decreases downtime. The oil and gas industry continues to be one of the biggest users of industrial valves because of the necessity for strong, high-performing valves in demanding settings, including pipelines, deep-water drilling, and offshore platforms. Technological innovations include high-performance materials including corrosion-resistant alloys, automated systems, and smart sensors. Eco-friendly valves have become more popular as a result of increased attention being paid to lowering carbon emissions, enhancing energy efficiency, and adhering to environmental standards. The United States industrial valve market is expected to grow with a CAGR of 4.6% during the period from 2024 to 2032.

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Industrial Valve Market Segmentation

By Valve Type: Ball valves held the largest share in 2024, accounting for nearly 30% of total market revenue, due to their longevity and effectiveness in high-pressure and high-temperature applications, making up about 30% of the market’s total sales. Globe and gate valves, which are dependable in oil and gas applications, provide 18% and 15%, respectively, while butterfly valves, which are frequently used in water and wastewater management, come in second with 20% to 15%. Globe valves are primarily used to control system flow. Plug valves are frequently used in the food and beverage, petrochemical, and oil and gas sectors to handle viscous, corrosive fluids. Check valves stop backflow and only permit one direction of flow. 

Industrial Valve Market Regional Analysis

United States: The US industrial Valve market was valued at approximately $8.57 billion with a CAGR of 4.6% from 2024 to 2032 and is expected to reach $11.02 billion by 2032. Emerson Electric Co. is a key player in the market and operates in various segments like Discrete automation, safety and productivity, measurement & analysis, and final control. Net sales of Emerson Electric in 2023 are $17.5 billion, which is 15% more than the year before. Excluding the effects of acquisitions, divestitures, and foreign exchange translation, the underlying sales growth was 6%.

Germany: The German industrial valve market was valued at approximately $72.60 billion in 2023 and is expected to reach $108.73 billion by 2032, with a CAGR of 4.59% from 2024 to 2032. In the first half of 2024, the industrial valve market, despite a 5% drop in domestic sales, saw a 13% increase in overseas sales and a 5% nominal rise. KSB SE & Co. KGaA is a German multinational manufacturer of pumps and valves headquartered in Frankenthal. The corporation employed about 15,713 people and recorded €2.25 billion in revenue.

China: The industrial valve market in China is valued at $81.55 billion in 2024 and is expected to reach $123.05 billion by 2032, with a CAGR of 4.2% from 2024 to 2032. Neway Valve (Suzhou) Co., Ltd. is a prominent Chinese manufacturer specializing in industrial valves that dominates the market in China. Several key players like Shanghai Lianggong Valve Group Co., Ltd., XHVAL Valve Manufacturer, China Valves Technology Inc., Dalian Dalong Valve Co., Ltd., Zhejiang Valve Company, Shandong Valves Co., Ltd., and Fangda Group dominate the Chinese industrial valve market.

Industrial Valve Market Competitive Landscape

Emerson Electric Co.: On 6 June 2024, Emerson consented to sell a $1.9 billion note receivable and its 40% non-controlling equity stake in Copeland to Blackstone-managed private equity firms for $1.5 billion. Emerson consented to sell a $1.9 billion note receivable and its 40% non-controlling equity stake in Copeland to Blackstone-managed private equity firms for $1.5 billion.

Flowserve Corporation: A Siemens subsidiary called Siemens Water Technologies was acquired by Flowserve for approximately $770 million. Flowserve acquired the Controls Valve Division of GE for $1.5 billion.

Schlumberger Limited: The Cameron International Corporation was acquired by Schlumberger for approximately $14.8 billion. Schlumberger acquired M-I SWACO for $7.8 billion. Geoservices, a worldwide supplier of wellsite services, was acquired by Schlumberger for $1.1 billion.  

Recent Developments:

• Baker Hughes has entered into a technology development agreement with Petrobras to develop a permanent remedy for pipeline corrosion to improve the robustness and effectiveness of pipeline systems.
• Krohne has improved the accuracy of custody transfers and supported higher measurement standards in industrial applications by introducing developments in ultrasonic flow meter verification.
• Aalberts IPS has demonstrated its cutting-edge “Apollo” range of 215L butterfly valves, which are intended to provide exceptional flow control and satisfy the changing needs of diverse industrial sectors.

Conclusion

• Industrial valves that incorporate sensors, actuators, and remote monitoring systems are improving predictive maintenance and operational efficiency, which is driving market expansion.
• The need for industrial valves is being driven by the rapid industrialization of emerging economies, especially in Asia-Pacific and Latin America.

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