+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Industrial Valves - Global Market Trajectory & Analytics

  • ID: 338760
  • Report
  • May 2021
  • Region: Global
  • 973 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Anvil International
  • Barksdale, Inc.
  • Crane Co.
  • Flowserve Corp.
  • ITT Engineered Valves
  • SPX Flow, Inc.

Global Industrial Valves Market to Reach $92.3 Billion by 2026


Industrial valves are mechanical or electromechanical devices intended to control, divert and regulate pressure and flow of fluids by opening, blocking or closing fluid passage. Industrial valves are mainly utilized in capital-intensive industries, as these industries require a large number of valves during the installation stage. The valves are also utilized as flow controllers for pipelines, through which gases, liquids and semi-solids are transported. Amid the COVID-19 crisis, the global market for Industrial Valves estimated at US$73.2 Billion in the year 2020, is projected to reach a revised size of US$92.3 Billion by 2026, growing at a CAGR of 3.9% over the analysis period. Ball Valves, one of the segments analyzed in the report, is projected to grow at a 4.1% CAGR to reach US$30.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Butterfly Valves segment is readjusted to a revised 3.7% CAGR for the next 7-year period. This segment currently accounts for a 18.8% share of the global Industrial Valves market.

The U.S. Market is Estimated at $20.3 Billion in 2021, While China is Forecast to Reach $18.2 Billion by 2026


The Industrial Valves market in the U.S. is estimated at US$20.3 Billion in the year 2021. The country currently accounts for a 27.03% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$18.2 Billion in the year 2026 trailing a CAGR of 6.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR while Rest of European market (as defined in the study) will reach US$19.4 Billion by the end of the analysis period. Buoyed by innovations over the last decade and a half, the valve industry is expected to benefit significantly from the growing demand for and expansion of clean water, energy, food, and power sectors in the long run. Several long-term factors working in tandem to drive growth include government regulations relating to emission control, and growing need to optimize resources such as water and power. Installation of scrubber systems and catalytic systems in power plants has and will continue to boost demand for valves.

Check Valves Segment to Reach $12.4 Billion by 2026


Check valves are ideal even for such applications where different gases are made to flow through a single pipeline. There are different basic designs available, which include swing check valves, lift or piston check valves, dual flap check valves, and air check valves. In the global Check Valves segment, USA, Canada, Japan, China and Europe will drive the 3.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.7 Billion in the year 2020 will reach a projected size of US$9.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.6 Billion by the year 2026, while Latin America will expand at a 3.7% CAGR through the analysis period.

Select Competitors (Total 365 Featured) -

  • Anvil International
  • AVK Holding A/S
  • Baker Hughes Company
  • Barksdale, Inc.
  • Cameron
  • CRANE ChemPharma & Energy
  • Crane Co.
  • Crane Nuclear, Inc.
  • Emerson Electric Co.
  • Flowserve Corp.
  • Ham-Let Group
  • IMI Critical Engineering
  • ITT Engineered Valves
  • KITZ Corp.
  • KSB AG
  • SPX Flow, Inc.
  • The Weir Group PLC
  • Velan, Inc.
  • Watts Water Technologies, Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Anvil International
  • Barksdale, Inc.
  • Crane Co.
  • Flowserve Corp.
  • ITT Engineered Valves
  • SPX Flow, Inc.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • An Introduction to Industrial Valves
  • Select Industrial Valves and their Characteristics
  • Major Industrial Valves and Their End-Use Industries
  • Parameters Considered for Selection of a Valve
  • Industrial Valves: Current Market Scenario and Outlook
  • Product Segment Analysis
  • Ball Valves: Largest Product Segment
  • Butterfly Valves Remain a Major Category
  • Sustained Demand for Check Valves
  • Diaphragm Valves Continue to Gain Traction
  • Slowing Demand for Gate Valves
  • Globe Valves Continue to Make Gains
  • Plug Valves Emerge as Fastest Growing Category
  • Safety Valves: Niche Segment
  • Developing Economies Provide Major Impetus to the Market Expansion
  • Exhibit 1: World Industrial Valves Market by Region (2019 & 2025): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Exhibit 2: World Industrial Valves Market - Geographic Regions Ranked by % CAGR (Revenues) for 2018-2025: Asia-Pacific, China, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan
  • Relative Stability in Economic Environment Bodes Well for Industrial Valves Market
  • Exhibit 3: Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
  • Competitive Scenario
  • Industrial Valves: Fragmented Marketplace
  • Vendors Emphasize Reducing Lead Time
  • Consolidation Gathers Steam
  • Recent Market Activity
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • AVK Holding A/S (Denmark)
  • Anvil International (USA)
  • Baker Hughes Company (USA)
  • Cameron (USA)
  • Crane Co. (USA)
  • Barksdale, Inc. (USA)
  • CRANE ChemPharma & Energy (USA)
  • Crane Nuclear, Inc. (USA)
  • Emerson Electric Co. (USA)
  • Flowserve Corp. (USA)
  • Ham-Let Group (Israel)
  • IMI Critical Engineering (UK)
  • ITT Engineered Valves (USA)
  • KITZ Corp. (Japan)
  • KSB AG (Germany)
  • SPX Flow, Inc. (USA)
  • The Weir Group PLC (UK)
  • Velan, Inc. (Canada)
  • Watts Water Technologies, Inc. (USA)
3. MARKET TRENDS & DRIVERS
  • Prevailing Scenario in the Industrial Manufacturing Sector Revs Up Demand for Industrial Valves
  • Exhibit 4: Industrial Production in Select Countries (In US$ Billion) As of January 2020
  • Established Use Case Across Diverse Sectors Sustains Market Expansion
  • Oil & Gas Industry: Major End-Use Sector
  • Critical Importance of Transmission Processes Extends Robust Opportunities
  • Exhibit 5: Breakdown of Pipeline Miles for Under Construction and Planned Projects Worldwide (in %): 2019
  • Exhibit 6: Worldwide Planned and Under Construction Pipeline Projects (2019): Percentage Breakdown of Pipeline Miles by Geographic Region
  • Healthy Trajectory in Oil & Gas Sector Favors Growth
  • Increasing Subsea Activities Augur Well
  • Exhibit 7: Worldwide E&P Capital Spending in $ Billion by Region and Type of Company for the Period 2017-2019
  • Exhibit 8: Global Subsea Systems Market in US$ Thousand: 2018-2025
  • Exhibit 9: Breakdown of Global Oil Production Volume by Onshore, Offshore, and Offshore Deepwater Activity for the Years 2011, 2015 and 2019
  • Electric Power Generation Emerges as Fastest Growing End-Use Sector
  • Exhibit 10: Global Electricity Generation in Billion kWh by Fuel Type for the Years 2010, 2020, 2030, 2040 and 2050
  • Exhibit 11: Electricity Consumption in Trillion kWh by Region for the Years 2010, 2012, 2014, 2016 and 2018
  • Exhibit 12: China and India Lead the Global Rise in Demand for Electricity: Change in Gross Electricity Demand in TWh for 2017-50
  • Growing Focus on Renewable Energy to Spur Demand
  • Sustained Opportunities in Nuclear Power Sector
  • Exhibit 13: Global Nuclear Power Current Capacity by Country (2019): Percentage Breakdown of Plant Capacity (GWe) for Canada, China, France, Japan, Russia, South Korea, USA, and Others
  • Exhibit 14: Operational and Under Construction Nuclear Power Reactors Worldwide by Country: 2018
  • Water & Wastewater Industry: Infrastructure Development Drives Need for Valves
  • Strong Prospects in Petroleum Refining Bode Well for Valves Market
  • Pulp & Paper Industry: Unique Needs of Mills Set Demand Trends for Valves
  • Despite Challenging Conditions, Demand Remains Intact in Iron & Steel Industry
  • Widespread Adoption of Industrial Automation Creates Fertile Environment
  • Valves Market Gears Up for Industry 4.0 Environments
  • Exhibit 15: Global Spending on Industry 4.0 Technologies (in US$ Billion) for the Years 2019, 2021, and 2023
  • Urban Sprawl Extends Broad-based Opportunities
  • Exhibit 16: World Urban Population in Thousands: 1950-2050
  • Exhibit 17: Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
  • Smart City, the New Urban Infrastructure Concept, to Fuel Fresh Wave of Growth
  • Exhibit 18: World Smart City Investments (in US$ Billion) for the Years 2018 through 2025
  • Exhibit 19: Breakdown of World Smart City Investments (in %) by Country/Region for the Year 2019
  • Bright Future Ahead for Plastic Valves
  • Fluid Power Valves Poised to Post Growth
  • Water and Gas Valves Seek Opportunities
  • Industrial Spray Valves Remain Highly Relevant
  • Thermostatic Valves Make Gains
  • Solenoid Valves: Continuous Evolution and Expansion
  • Technological Innovations & Improvements Sustain Market Momentum
  • Technology Advancements Spur Progressive Evolution in Product Design & Efficiency
  • Rise of IoT Seeks Additional Improvements to Valve Technology
  • Technology Advancements Strive to Curb Fugitive Emissions
  • A Note on Novel Trends in Valve Design Across Valve Types
  • Regulations, Codes and Standards Governing Industrial Valves Market: An Overview
  • List of Specifications Considered for International Standards Accreditation
  • Issues & Challenges
  • Dearth of Favorable Governmental Policies and Lack of Certifications
  • Fluctuations in Raw Material Prices
  • High Fabrication Costs
  • Volatile Oil Prices
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • The United States: Major Market for Industrial Valves
  • Surging Investments in Pipeline Infrastructure Development Rev Up Demand
  • Exhibit 20: US Crude Transport by Mode (2015, 2020 & 2025): Percentage Share Breakdown for Pipeline, Railroads, and Others
CANADA
  • Market Overview
  • Pipeline Programs Favor Growth
JAPAN

CHINA
  • China: Major Consumer of Industrial Valves
  • Infrastructure Investments Favor Market Expansion
  • Oil & Gas Sector Emerges as New Growth Vertical
  • Electric Power Industry Propels Overall Demand
  • Renewed Emphasis on Nuclear Power Plants Fuels Demand for Nuclear Reactor Valves
  • Outshining Standard Valves, Automatic Valves Gain Traction
  • Competitive Scenario
  • Chinese Industrial Valves Market: A Highly Fragmented Marketplace
  • Exhibit 21: Leading Players in the Chinese Control Valves Market: 2019
  • Exhibit 22: Chinese Valve Production Output by Province (in %) for the Year 2019
  • Imports Continue to Deter Prospects of Domestic Manufacturers
EUROPE
  • Market Overview
  • Exhibit 23: European Valve Industry by Category (2019): Percentage Breakdown of Production Value for Industrial Valves and Building Valves
  • Emphasis on Oil & Gas Pipeline Networks Augurs Well
  • Regulatory Compliance to Trigger Growth
FRANCE

GERMANY
  • Market Overview
ITALY

UNITED KINGDOM

SPAIN

RUSSIA
  • Market Overview
REST OF EUROPE

ASIA-PACIFIC
  • Industrial Valves Market in Asia-Pacific: A Brief Overview
AUSTRALIA

INDIA
  • India: A Lucrative Market
  • Growing Automation Investments Steer Demand
  • Intelligent Valves Make a Cut
  • Expansion of Natural Gas Network to Benefit Industrial Valves Market
  • COMPETITIVE SCENARIO
  • A Fragmented Marketplace
  • A Note on Leading Players
  • Small Scale Manufacturers Expand Capacities
  • Growing Opportunities in Foreign Markets
  • Exhibit 24: Indian Industrial Valves Market by Distribution Channel (in % Value) for 2019
SOUTH KOREA
  • Market Overview
REST OF ASIA-PACIFIC
  • FOCUS ON SELECT MARKETS
  • Singapore
  • The Philippines
LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO
  • Robust Opportunities for Industrial Valves Market
REST OF LATIN AMERICA

MIDDLE EAST
  • Middle East: Increasing Demand for Industrial Valves
  • Opportunities Rife in the Sprawling Oil & Gas Sector
IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA
  • South Africa: Prominent Consumer of Industrial Valves
IV. COMPETITION
  • Total Companies Profiled: 365
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Anvil International
  • AVK Holding A/S
  • Baker Hughes Company
  • Barksdale, Inc.
  • Cameron
  • CRANE ChemPharma & Energy
  • Crane Co.
  • Crane Nuclear, Inc.
  • Emerson Electric Co.
  • Flowserve Corp.
  • Ham-Let Group
  • IMI Critical Engineering
  • ITT Engineered Valves
  • KITZ Corp.
  • KSB AG
  • SPX Flow, Inc.
  • The Weir Group PLC
  • Velan, Inc.
  • Watts Water Technologies, Inc.
Note: Product cover images may vary from those shown
Adroll
adroll