The gate valve market is projected to reach US$ 12,988.40 million by 2028 from US$ 8,712.18 million in 2020. It is estimated to register a CAGR of 4.5% during the forecast period.
Key stakeholders in the gate valves market ecosystem include raw material suppliers, gate valves manufacturers, and end users. Raw material suppliers offer materials such as steel, iron, and aluminum for various types of gate valves, such as flexible wedge and solid wedge valves, among others. These valves are used in various end-user industries for regulating the necessary velocity through the acceleration and deceleration of fluids to the industrial equipment.
The gate valve market is spread across APAC, the MEA, Europe, North America, and SAM.
Market Overview: Gate valve Market
Robots and other modern technologies are employed in the oil & gas sector, and the pulp and paper industry to automate complex operations. New technologies have made operations in various enterprises far more efficient and adaptable. Automation supports interoperability, information transparency, and manufacturing operations’ integrity protection. Valves have been an essential component of process automation systems. Complex piping systems, variable-temperature pipes, and process pressure management are the critical performance areas regulated by valves in automated facilities. The use of valves has surged dramatically across many verticals owing to the reduced complexity associated with their installation and maintenance. Major players in the gate valves market concentrate on providing dependable valves - such as the flexible wedge, solid wedge, split wedge, or parallel disk valves - which are suitable for a range of applications. Furthermore, different end-user industries have been replacing long-standing pressure valves with newly developed safety valves capable of alleviating, lowering, sequencing, or discharging fluid pressure. Thus, the growing trend of factory automation is likely to benefit the gate valves market in the coming years.
The need for gate valves in Asia is being driven by the growing industrialization in most emerging economies in the region. Over the predicted period, gate valve usage is expected to increase significantly. China, along with other Asian countries, is the largest buyer of industrial valves, especially gate valves. Moreover, several municipal projects and government efforts for infrastructural development are expected to drive the Asia Pacific gate valve market throughout the forecast period. Furthermore, the rising demand from the petroleum industry is expected to boost the Middle East & Africa market's share during the forecast period.
Market Driver: Gate valve Market
Since the beginning of the industrial revolution, technological advancements have led to a tremendous surge in industrial production capacities; as a result, the dependence of the economy on manufacturing has surged across the world. According to PricewaterhouseCoopers (PwC), growing economies, labor quality, tax policies, regulatory environments, and transportation and energy prices are the factors that have catalyzed the comeback of the manufacturing sector from the pandemic's impact. As a result of the expanding manufacturing sector, the dependent markets, including mechanical equipment providers, are flourishing. Moreover, with the emergence of new categories of consumers in developing countries, manufacturers are likely to have significant, new prospects. Innovations catalyze the evolution of demands, thus compelling manufacturers to use modern equipment, including gate valves, in manufacturing units.
Gate valves offer the necessary fluid velocity between different industrial equipment setups. Using a blade, these valves function as a component that cuts through obstructions in heavy liquids and gases. Such knife gate valves were first introduced to the pulp and paper sector to chop stringy pulp between manufacturing locations. Later, gate valves were quickly adopted by the oil & gas, wastewater treatment, mining, and electricity sectors due to their easy handling and low costs. The adoption of gate valves has subsequently risen across all production sites. These are often available in big capacities to efficiently handle heavy and viscous slurries, grease, oil, paper pulp, varnish, and wastewater flows, among others. The availability of products with technology-driven provisions further propels the gate valves market growth.
According to a report issued in March 2019 by the United Nations Organization, 74% of the world's wastewater dumped into the environment is untreated. The need for wastewater treatment facilities has risen across the world due to the elevating concerns about untreated sewage. The best water treatment technologies and valves are used to build state-of-the-art treatment facilities. In water treatment plants, gate valves prevent water from flowing when the pumps are turned off. On the other hand, main air gate valves are mounted on the pump at high points on force to prevent the formation of vacuum pockets. Hence, the growing number of water treatment facilities is likely to create significant opportunities for the gate valve vendors.
Key stakeholders in the gate valves market ecosystem include raw material suppliers, gate valves manufacturers, and end users. Raw material suppliers offer materials such as steel, iron, and aluminum for various types of gate valves, such as flexible wedge and solid wedge valves, among others. These valves are used in various end-user industries for regulating the necessary velocity through the acceleration and deceleration of fluids to the industrial equipment.
The gate valve market is spread across APAC, the MEA, Europe, North America, and SAM.
Market Overview: Gate valve Market
Robots and other modern technologies are employed in the oil & gas sector, and the pulp and paper industry to automate complex operations. New technologies have made operations in various enterprises far more efficient and adaptable. Automation supports interoperability, information transparency, and manufacturing operations’ integrity protection. Valves have been an essential component of process automation systems. Complex piping systems, variable-temperature pipes, and process pressure management are the critical performance areas regulated by valves in automated facilities. The use of valves has surged dramatically across many verticals owing to the reduced complexity associated with their installation and maintenance. Major players in the gate valves market concentrate on providing dependable valves - such as the flexible wedge, solid wedge, split wedge, or parallel disk valves - which are suitable for a range of applications. Furthermore, different end-user industries have been replacing long-standing pressure valves with newly developed safety valves capable of alleviating, lowering, sequencing, or discharging fluid pressure. Thus, the growing trend of factory automation is likely to benefit the gate valves market in the coming years.
The need for gate valves in Asia is being driven by the growing industrialization in most emerging economies in the region. Over the predicted period, gate valve usage is expected to increase significantly. China, along with other Asian countries, is the largest buyer of industrial valves, especially gate valves. Moreover, several municipal projects and government efforts for infrastructural development are expected to drive the Asia Pacific gate valve market throughout the forecast period. Furthermore, the rising demand from the petroleum industry is expected to boost the Middle East & Africa market's share during the forecast period.
Market Driver: Gate valve Market
Since the beginning of the industrial revolution, technological advancements have led to a tremendous surge in industrial production capacities; as a result, the dependence of the economy on manufacturing has surged across the world. According to PricewaterhouseCoopers (PwC), growing economies, labor quality, tax policies, regulatory environments, and transportation and energy prices are the factors that have catalyzed the comeback of the manufacturing sector from the pandemic's impact. As a result of the expanding manufacturing sector, the dependent markets, including mechanical equipment providers, are flourishing. Moreover, with the emergence of new categories of consumers in developing countries, manufacturers are likely to have significant, new prospects. Innovations catalyze the evolution of demands, thus compelling manufacturers to use modern equipment, including gate valves, in manufacturing units.
Gate valves offer the necessary fluid velocity between different industrial equipment setups. Using a blade, these valves function as a component that cuts through obstructions in heavy liquids and gases. Such knife gate valves were first introduced to the pulp and paper sector to chop stringy pulp between manufacturing locations. Later, gate valves were quickly adopted by the oil & gas, wastewater treatment, mining, and electricity sectors due to their easy handling and low costs. The adoption of gate valves has subsequently risen across all production sites. These are often available in big capacities to efficiently handle heavy and viscous slurries, grease, oil, paper pulp, varnish, and wastewater flows, among others. The availability of products with technology-driven provisions further propels the gate valves market growth.
According to a report issued in March 2019 by the United Nations Organization, 74% of the world's wastewater dumped into the environment is untreated. The need for wastewater treatment facilities has risen across the world due to the elevating concerns about untreated sewage. The best water treatment technologies and valves are used to build state-of-the-art treatment facilities. In water treatment plants, gate valves prevent water from flowing when the pumps are turned off. On the other hand, main air gate valves are mounted on the pump at high points on force to prevent the formation of vacuum pockets. Hence, the growing number of water treatment facilities is likely to create significant opportunities for the gate valve vendors.
Table of Contents
1. Introduction1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Gate Valves Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East & Africa PEST Analysis
4.2.5 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Gate Valves Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Demand in Oil & Gas Sector
5.1.2 Growth in Industrialization Worldwide
5.2 Key Market Restraints
5.2.1 Concerns Regarding Raw Materials Used in Gate Valve Manufacturing
5.3 Key Market Opportunities
5.3.1 Increasing Number of Power Generation and Wastewater Treatment Facilities
5.4 Future Trends
5.4.1 Popularity of Automation
5.5 Impact Analysis of Drivers and Restraints
6. Gate Valves Market - Global Analysis
6.1 Gate Valves Market Global Overview
6.2 Gate Valves Market - Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Top 5 Market Players
7. Gate Valves Market Analysis - By Valve Type
7.1 Overview
7.2 Gate Valves Market, By Valve Type (2020 and 2028)
7.3 Flexible Wedge
7.3.1 Overview
7.3.2 Flexible Wedge: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Solid Wedge
7.4.1 Overview
7.4.2 Solid Wedge: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Split Wedge or Parallel Disks Valve
7.5.1 Overview
7.5.2 Split Wedge or Parallel Disks Valve: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
8. Gate Valves Market - By Valve Size
8.1 Overview
8.2 Gate Valves Market, by Valve Size (2020 and 2028)
8.3 2” to 12”
8.3.1 Overview
8.3.2 2” to 12”: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
8.4 14” to 36”
8.4.1 Overview
8.4.2 14” to 36”: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
8.5 42” and Above
8.5.1 Overview
8.5.2 42” and Above: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
9. Gate Valves Market - By Application
9.1 Overview
9.2 Gate Valves Market, by Application (2020 and 2028)
9.3 Oil and Gas
9.3.1 Overview
9.3.2 Oil and Gas: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Water and Wastewater Treatment
9.4.1 Overview
9.4.2 Water and Wastewater Treatment: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Chemical
9.5.1 Overview
9.5.2 Chemical: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10. Gate Valves Market - Geographic Analysis
10.1 Overview
10.2 North America: Gate Valves Market
10.2.1 North America: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.2.2 North America: Gate Valves Market- by Valve Type
10.2.3 North America: Gate Valves Market- By Valve Size
10.2.4 North America: Gate Valves Market- By Application
10.2.5 North America: Gate Valves Market- by Key Country
10.2.5.1 US: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.1.1 US: Gate Valves Market- by Valve Type
10.2.5.1.2 US: Gate Valves Market- By Valve Size
10.2.5.1.3 US: Gate Valves Market- By Application
10.2.5.2 Canada: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.2.1 Canada: Gate Valves Market- by Valve Type
10.2.5.2.2 Canada: Gate Valves Market- By Valve Size
10.2.5.2.3 Canada: Gate Valves Market- By Application
10.2.5.3 Mexico: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.2.5.3.1 Mexico: Gate Valves Market- by Valve Type
10.2.5.3.2 Mexico: Gate Valves Market- By Valve Size
10.2.5.3.3 Mexico: Gate Valves Market- By Application
10.3 Europe: Gate Valves Market
10.3.1 Europe: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.3.2 Europe: Gate Valves Market- by Valve Type
10.3.3 Europe: Gate Valves Market- By Valve Size
10.3.4 Europe: Gate Valves Market- By Application
10.3.5 Europe: Gate Valves Market- by Key Country
10.3.5.1 Germany: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.1.1 Germany: Gate Valves Market- by Valve Type
10.3.5.1.2 Germany: Gate Valves Market- By Valve Size
10.3.5.1.3 Germany: Gate Valves Market- By Application
10.3.5.2 France: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.2.1 France: Gate Valves Market- by Valve Type
10.3.5.2.2 France: Gate Valves Market- By Valve Size
10.3.5.2.3 France: Gate Valves Market- By Application
10.3.5.3 Italy: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.3.1 Italy: Gate Valves Market- by Valve Type
10.3.5.3.2 Italy: Gate Valves Market- By Valve Size
10.3.5.3.3 Italy: Gate Valves Market- By Application
10.3.5.4 UK: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.4.1 UK: Gate Valves Market- by Valve Type
10.3.5.4.2 UK: Gate Valves Market- By Valve Size
10.3.5.4.3 UK: Gate Valves Market- By Application
10.3.5.5 Russia: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.5.1 Russia: Gate Valves Market- by Valve Type
10.3.5.5.2 Russia: Gate Valves Market- By Valve Size
10.3.5.5.3 Russia: Gate Valves Market- By Application
10.3.5.6 Rest of Europe: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.3.5.6.1 Rest of Europe: Gate Valves Market- by Valve Type
10.3.5.6.2 Rest of Europe: Gate Valves Market- By Valve Size
10.3.5.6.3 Rest of Europe: Gate Valves Market- By Application
10.4 APAC: Gate Valves Market
10.4.1 APAC: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.4.2 APAC: Gate Valves Market- by Valve Type
10.4.3 APAC: Gate Valves Market- By Valve Size
10.4.4 APAC: Gate Valves Market- By Application
10.4.5 APAC: Gate Valves Market- by Key Country
10.4.5.1 Australia: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.1.1 Australia: Gate Valves Market- by Valve Type
10.4.5.1.2 Australia: Gate Valves Market- By Valve Size
10.4.5.1.3 Australia: Gate Valves Market- By Application
10.4.5.2 China: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.2.1 China: Gate Valves Market- by Valve Type
10.4.5.2.2 China: Gate Valves Market- By Valve Size
10.4.5.2.3 China: Gate Valves Market- By Application
10.4.5.3 India: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.3.1 India: Gate Valves Market- by Valve Type
10.4.5.3.2 India: Gate Valves Market- By Valve Size
10.4.5.3.3 India: Gate Valves Market- By Application
10.4.5.4 Japan: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.4.1 Japan: Gate Valves Market- by Valve Type
10.4.5.4.2 Japan: Gate Valves Market- By Valve Size
10.4.5.4.3 Japan: Gate Valves Market- By Application
10.4.5.5 South Korea: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.5.1 South Korea: Gate Valves Market- by Valve Type
10.4.5.5.2 South Korea: Gate Valves Market- By Valve Size
10.4.5.5.3 South Korea: Gate Valves Market- By Application
10.4.5.6 Rest of APAC: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.4.5.6.1 Rest of APAC: Gate Valves Market- by Valve Type
10.4.5.6.2 Rest of APAC: Gate Valves Market- By Valve Size
10.4.5.6.3 Rest of APAC: Gate Valves Market- By Application
10.5 MEA: Gate Valves Market
10.5.1 MEA: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.5.2 MEA: Gate Valves Market- by Valve Type
10.5.3 MEA: Gate Valves Market- By Valve Size
10.5.4 MEA: Gate Valves Market- By Application
10.5.5 MEA: Gate Valves Market- by Key Country
10.5.5.1 South Africa: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.1.1 South Africa: Gate Valves Market- by Valve Type
10.5.5.1.2 South Africa: Gate Valves Market- By Valve Size
10.5.5.1.3 South Africa: Gate Valves Market- By Application
10.5.5.2 Saudi Arabia: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.2.1 Saudi Arabia: Gate Valves Market- by Valve Type
10.5.5.2.2 Saudi Arabia: Gate Valves Market- By Valve Size
10.5.5.2.3 Saudi Arabia: Gate Valves Market- By Application
10.5.5.3 UAE: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.3.1 UAE: Gate Valves Market- by Valve Type
10.5.5.3.2 UAE: Gate Valves Market- By Valve Size
10.5.5.3.3 UAE: Gate Valves Market- By Application
10.5.5.4 Rest of MEA: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.5.5.4.1 Rest of MEA: Gate Valves Market- by Valve Type
10.5.5.4.2 Rest of MEA: Gate Valves Market- By Valve Size
10.5.5.4.3 Rest of MEA: Gate Valves Market- By Application
10.6 SAM: Gate Valves Market
10.6.1 SAM: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.6.2 SAM: Gate Valves Market- by Valve Type
10.6.3 SAM: Gate Valves Market- By Valve Size
10.6.4 SAM: Gate Valves Market- By Application
10.6.5 SAM: Gate Valves Market- by Key Country
10.6.5.1 Brazil: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.6.5.1.1 Brazil: Gate Valves Market- by Valve Type
10.6.5.1.2 Brazil: Gate Valves Market- By Valve Size
10.6.5.1.3 Brazil: Gate Valves Market- By Application
10.6.5.2 Argentina: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.6.5.2.1 Argentina: Gate Valves Market- by Valve Type
10.6.5.2.2 Argentina: Gate Valves Market- By Valve Size
10.6.5.2.3 Argentina: Gate Valves Market- By Application
10.6.5.3 Rest of SAM: Gate Valves Market - Revenue and Forecast to 2028 (US$ Million)
10.6.5.3.1 Rest of SAM: Gate Valves Market- by Valve Type
10.6.5.3.2 Rest of SAM: Gate Valves Market- By Valve Size
10.6.5.3.3 Rest of SAM: Gate Valves Market- By Application
11. Gate Valves Market- COVID-19 Impact Analysis
11.1 North America
11.2 Europe
11.3 Asia Pacific
11.4 Middle East and Africa
11.5 South America
12. Gate Valves Market-Industry Landscape
12.1 Overview
12.2 Market Initiative
13. Company Profiles
13.1 Bray International
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 DEZURIK, INC
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Emerson Electric Co.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 ITT Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Mueller Co. LLC
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 ORBINOX
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 SISTAG AG
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 STAFSJö VALVES AB
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 The Weir Group PLC
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 ZHEJIANG LINUO FLUID CONTROL TECHNOLOGY CO., LTD
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Publisher
14.2 Word Index
\
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- DEZURIK, INC.
- EMERSON ELECTRIC CO.
- ITT INC.
- MUELLER CO. LLC
- ORBINOX
- SISTAG AG
- STAFSJö VALVES AB
- WEIR GROUP PLC
- ZHEJIANG LINUO FLUID CONTROL TECHNOLOGY CO., LTD
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 151 |
| Published | May 2022 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( $ | $ 8712.18 million |
| Forecasted Market Value ( $ | $ 12988.4 million |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
