The valves market in oil and gas industry size is expected to grow from USD 13.04 billion in 2025 to USD 13.43 billion in 2026 and is forecast to reach USD 15.93 billion by 2031, advancing at a 3.47% CAGR. This report is Segmented by Valve Type (Ball Valve, Gate Valve, Globe Valve, and More), Material (Cast Steel, Forged Steel, Stainless Steel, and More), Application (Upstream, Midstream, and More), Actuation Type (Manual, Pneumatic, and More), Size (Less Than 6 Inch, 6 To12 Inch, 12 To 24 Inch, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).
Other drivers and restraints analyzed in the detailed report include:
Predictive maintenance keeps control-valve uptime high, compelling operators to specify ISO 15848 fugitive-emission ratings alongside API 607 fire testing. Electric actuation improves throttling accuracy, reinforcing the growth of control valves. Competitive entry barriers rise with each new standard, safeguarding incumbents that boast global test facilities and digital-service suites.
Cast steel held a 27.31% share in 2025, but alloy and duplex steels are forecast to grow 4.72% annually as sour-gas and hydrogen blends require enhanced corrosion resistance. Duplex grades now line Qatar’s expanded North Field process trains, while nickel alloys equip Emerson’s HV-7000 hydrogen regulator. The oil and gas industry's alloy steel valve market share is set to increase as NACE MR0175 compliance becomes routine.
Forged steel remains vital for 10,000 psi wellheads, whereas composite bodies are used for low-pressure, highly corrosive amine units. Positive material identification and mill test reports are mandatory, adding administrative cost that favors established suppliers with integrated metallurgy labs.
The Middle East is projected to have a 4.76% CAGR to 2031. QatarEnergy’s North Field expansion specifies thousands of cryogenic valves engineered for minus 196 °C, and Saudi Arabia’s Jafurah tight-gas development calls for hydrogen-sulfide-resistant duplex-steel trim. ADNOC’s seawater-injection network demands corrosion-proof check valves for high-salinity fluids. Regional national-oil-company funding shields projects from crude swings, sustaining predictable order flows.
North America focuses on LNG export trains along the Gulf Coast and takeaway pipelines leaving the Permian Basin. The United States sanctioned 80 billion m³ per year of liquefaction capacity in 2025, triggering demand for large-diameter isolation valves. Meanwhile, the decommissioning of aging Gulf of Mexico platforms sustains retrofit activity for subsea isolation valves. Europe’s market contracts amid declining hydrocarbon volumes, yet pivots to hydrogen blends and carbon-capture projects that require high-pressure CO₂ valves. South America depends on Brazil’s pre-salt fields and Argentina’s Vaca Muerta infrastructure, while Africa’s growth hinges on Nigerian gas monetization and Mozambique LNG, tempered by political risk.
Insights and Trends of Valves Market In Oil And Gas Industry
Growing Upstream And Midstream Pipeline Projects
Upstream spending rebounded to USD 570 billion in 2025 despite a 4% year-over-year dip, and analysts see an upswing to USD 738 billion by 2030. Deepwater programs in Brazil and unconventional gas in Saudi Arabia are locking in multi-year contracts for high-pressure gate and ball valves rated for sour service.Midstream growth is similar, as Enbridge approved a USD 1.4 billion gas line in 2024 while ADNOC funded a USD 2.4 billion seawater-injection network that requires corrosion-resistant check valves. China’s national grid is adding 48-inch trunk lines, boosting demand for valves above 24 inches. Compliance with API 6D and ISO 15848 is now standard procurement language.Surge In LNG Terminal Constructions
Roughly 300 billion m³ per year of new liquefaction capacity is scheduled for completion by 2030, led by 80 billion m³ sanctioned in the United States during 2025. QatarEnergy’s USD 30 billion North Field expansion raises capacity to 126 million tpa and needs thousands of cryogenic ball and triple-offset butterfly valves engineered for -196 °C duty. Import terminals across India, Vietnam, and the Philippines prefer suppliers with local inventory and API 6FA fire-testing certification from Baker Hughes. Alloy and duplex steels, growing at a 4.72% CAGR, counter thermal-cycling damage inherent in LNG service. Local after-sales clauses in EPC contracts raise barriers for distant vendors.Crude Oil Price Volatility Dampening CAPEX
Brent fluctuated between USD 70 and USD 90 per barrel in 2024-2025, stalling final investment decisions and trimming valve orders for marginal projects. Upstream spending slipped 4% year over year to USD 570 billion in 2025, as shale operators favored free cash flow over growth. Permian producers deferred tie-ins, softening demand for wellhead valves, while North Sea and Gulf of Mexico assets leaned toward decommissioning rather than costly subsea replacements. Downturns shrink order books faster than recoveries expand them because operators hesitate to carry spare inventory. Suppliers thus face cyclic revenue swings that complicate production planning.Other drivers and restraints analyzed in the detailed report include:
- Accelerating Adoption Of Digital And Smart Valves
- Stringent Global Safety And Emission Regulations
- Intensifying Shift Toward Renewable Energy
Segment Analysis
Control valves, aided by digital twins, are expected to advance at a 5.12% CAGR, outpacing the overall valves market in oil and gas industry. Ball valves retained a 33.53% share in 2025 for on-off isolation, while gate valves dominate in high-pressure drilling and subsea trees. Plug and butterfly valves carve out niches in abrasive slurries and large-diameter low-pressure lines. The oil and gas industry's control valve market is projected to expand as predictive analytics sharpen throughput optimization.Predictive maintenance keeps control-valve uptime high, compelling operators to specify ISO 15848 fugitive-emission ratings alongside API 607 fire testing. Electric actuation improves throttling accuracy, reinforcing the growth of control valves. Competitive entry barriers rise with each new standard, safeguarding incumbents that boast global test facilities and digital-service suites.
Cast steel held a 27.31% share in 2025, but alloy and duplex steels are forecast to grow 4.72% annually as sour-gas and hydrogen blends require enhanced corrosion resistance. Duplex grades now line Qatar’s expanded North Field process trains, while nickel alloys equip Emerson’s HV-7000 hydrogen regulator. The oil and gas industry's alloy steel valve market share is set to increase as NACE MR0175 compliance becomes routine.
Forged steel remains vital for 10,000 psi wellheads, whereas composite bodies are used for low-pressure, highly corrosive amine units. Positive material identification and mill test reports are mandatory, adding administrative cost that favors established suppliers with integrated metallurgy labs.
Complete Report Scope:
- By Valve Type
- Ball Valve
- Gate Valve
- Globe Valve
- Butterfly Valve
- Check Valve
- Plug Valve
- Control Valve
- By Material
- Cast Steel
- Forged Steel
- Stainless Steel
- Alloy and Duplex Steels
- Non-Metallic, Composite
- By Application
- Upstream (Drilling, Wellhead, Artificial Lift)
- Midstream (Pipelines, Terminals, Storage)
- Downstream (Refining, Petrochemical)
- Liquefied Natural Gas (LNG) Facilities
- By Actuation Type
- Manual
- Pneumatic
- Electric
- Hydraulic, Electro-Hydraulic
- By Size
- Less than 6 inch
- 6 to 12 inch
- 12 to 24 inch
- More than 24 inch
- By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- ASEAN
- Australia
- Rest of Asia-Pacific
- Middle East
- Saudi Arabia
- United Arab Emirates
- Turkey
- Rest of Middle East
- Africa
- South Africa
- Nigeria
- Kenya
- Rest of Africa
- North America
Geography Analysis
Asia-Pacific generated 41.09% of 2025 revenue, anchored by China’s pipeline-grid integration and India’s city-gas buildout. National Pipeline Network Company deploys 48-inch mains, raising the need for duplex-steel butterfly valves, while India’s regulator demands API 6D compliance, shutting out low-spec imports. Japan and South Korea pursue hydrogen pilots, creating niche orders for nickel-alloy trim. Southeast Asian LNG import terminals are adding regas capacity but advancing slowly due to financing hurdles.The Middle East is projected to have a 4.76% CAGR to 2031. QatarEnergy’s North Field expansion specifies thousands of cryogenic valves engineered for minus 196 °C, and Saudi Arabia’s Jafurah tight-gas development calls for hydrogen-sulfide-resistant duplex-steel trim. ADNOC’s seawater-injection network demands corrosion-proof check valves for high-salinity fluids. Regional national-oil-company funding shields projects from crude swings, sustaining predictable order flows.
North America focuses on LNG export trains along the Gulf Coast and takeaway pipelines leaving the Permian Basin. The United States sanctioned 80 billion m³ per year of liquefaction capacity in 2025, triggering demand for large-diameter isolation valves. Meanwhile, the decommissioning of aging Gulf of Mexico platforms sustains retrofit activity for subsea isolation valves. Europe’s market contracts amid declining hydrocarbon volumes, yet pivots to hydrogen blends and carbon-capture projects that require high-pressure CO₂ valves. South America depends on Brazil’s pre-salt fields and Argentina’s Vaca Muerta infrastructure, while Africa’s growth hinges on Nigerian gas monetization and Mozambique LNG, tempered by political risk.
List of Companies Covered in this Report:
- Emerson Electric Co.
- Flowserve Corporation
- Schlumberger N.V.
- Baker Hughes Company
- Rotork plc
- Alfa Laval AB
- Crane Co.
- Metso Corporation
- KITZ Corporation
- IMI plc
- Samson AG
- Valmet Oyj
- Velan Inc.
- Honeywell International Inc.
- Parker Hannifin Corporation
- AVK Holding A/S
- CIRCOR International, Inc.
- The Weir Group plc
- Pentair plc
- Neway Valve (Suzhou) Co., Ltd.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
Table of Contents
1 INTRODUCTION
4 MARKET LANDSCAPE
5 MARKET SIZE AND GROWTH FORECASTS (VALUE)
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Emerson Electric Co.
- Flowserve Corporation
- Schlumberger N.V.
- Baker Hughes Company
- Rotork plc
- Alfa Laval AB
- Crane Co.
- Metso Corporation
- KITZ Corporation
- IMI plc
- Samson AG
- Valmet Oyj
- Velan Inc.
- Honeywell International Inc.
- Parker Hannifin Corporation
- AVK Holding A/S
- CIRCOR International, Inc.
- The Weir Group plc
- Pentair plc
- Neway Valve (Suzhou) Co., Ltd.
