Industrial Valves Market Report 2026

The industrial valves market size has grown steadily in recent years. It will grow from $102.56 billion in 2025 to $105.75 billion in 2026 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to growth in oil and gas sector, expansion of chemical and petrochemical industries, increasing demand in water and wastewater treatment, industrialization in emerging economies, adoption of conventional mechanical valves.

The industrial valves market size is expected to see steady growth in the next few years. It will grow to $123.38 billion in 2030 at a compound annual growth rate (CAGR) of 3.9%. The growth in the forecast period can be attributed to rise in automation and smart manufacturing, increasing use of iot and digital monitoring, demand for energy-efficient and corrosion-resistant valves, growth in semiconductor and power sectors, customization and advanced valve designs for industry-specific needs. Major trends in the forecast period include adoption of smart and automated valves, integration of iot-enabled monitoring systems, use of advanced materials for corrosion resistance, demand for energy-efficient valve solutions, expansion in customized valve solutions for industry-specific applications.

The increasing number of oil and gas explorations is anticipated to drive the growth of the industrial valve market in the future. Oil and gas exploration encompasses the methods and techniques used to identify potential drilling locations for extracting these resources. Industrial valves are essential for controlling the flow of oil and gas, managing fluid movement by regulating direction and pressure. For instance, in August 2023, the Energy Information Administration (EIA), a US-based statistical agency, reported that oil production in 2023 reached over 12.8 million barrels per day, projected to rise to approximately 13.2 million barrels per day in 2024 and further to 13.4 million barrels per day in 2025. This increase is attributed to enhanced well productivity, despite a decrease in the number of active rigs. Therefore, the growing number of oil and gas explorations is propelling the growth of the industrial valve market.

Major companies operating in the industrial valve market are focusing on developing innovative products, such as high-performance control valves, to improve operational efficiency, minimize equipment footprint, and reduce life-cycle costs across major industrial sectors. A control valve is a mechanical device employed in various industrial processes to manage the flow of fluids (including gas, steam, or liquid), pressure, temperature, or other process parameters by adjusting the flow passage. For example, in October 2025, Azbil Corporation, a Japan-based automation technology company, introduced the 6000 Series of control valves, engineered to meet the IEC 60534 international standard and significantly enhance control performance while boosting productivity throughout a plant’s lifecycle. The 6000 Series incorporates an optimized internal design using high-precision CFD analysis, resulting in improved CV performance indices compared with previous models, reduced installation space requirements, lower spare parts inventories, and easier maintainability - enabling customers in petroleum refining, petrochemical, chemical, and related industries to achieve superior fluid control and operational results.

In August 2023, Rotork plc, a UK-based global provider of intelligent flow control solutions, acquired Hanbay Inc. for an undisclosed amount. With this acquisition, Rotork seeks to strengthen its industrial valve actuation capabilities by incorporating Hanbay’s precise, compact miniature electric actuators, enhancing its presence in the electrification of small-valve applications and driving growth across key sectors including decarbonization, water, oil and gas, and process industries. Hanbay Inc. is a Canada-based company that develops and manufactures high-torque miniature electric actuators designed to operate small industrial valves and instrument valves in both hazardous and non-hazardous settings.

Major companies operating in the industrial valves market report are Emerson Electric Co., The Flowserve Corporation, Schlumberger Limited, Crane Holdings Co., KITZ Corporation, AVK Holdings A/S, Forbes Marshall Pvt Ltd., KSB SE & Co. KGaA, Spirax-Sarco Engineering PLC, Metso Outotec Corporation, KLINGER Holding, Alfa Laval AB, Curtiss-Wright Corporation, Honeywell International Inc., Velan Inc., Neway Valve, Samson AG, Neles Oyj, AVCON Controls Pvt. Ltd., Sirca International S.p.A., Fluidline Valves Co. Pvt. Ltd., Davis Valve, Powell Valves, Virgo Engineers Inc., WALWORTH, IMI PLC, Valvitalia SpA, Zhejiang Dunan Valve Co. Ltd., Pentair Valves and Controls, OKANO Valve Mfg. Co. Ltd., Tyco Valves and Controls, Swagelok Company.

Asia-Pacific was the largest region in the industrial valves market in 2025. The regions covered in the industrial valves market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial valves market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The industrial valves consist of sales of quarter-turn valves, multi-turn valves, knife gate valves, and sluice gate valves. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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