Industrial Valves Market Size, Share, Growth, and Industry Analysis, By Type (Butterfly Valve, Ball Valve, Globe Valve, Gate Valve, Plug Valve and Other Types), By Application (Oil & Power, Water & Wastewater, Chemical, Food & Beverage and Others), and Regional Insights and Forecast to 2033

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INDUSTRIAL VALVES MARKET OVERVIEW

The global industrial valves market size was USD 71.288 billion in 2022 and is projected to touch USD 104.499 billion by 2028, exhibiting a CAGR of 6.58% during the forecast period.

Rapid industrialization coupled with increasing requirement for oil & gas, water & wastewater, power generation, and chemical among others is surge the market demand of industrial valves. Valves are integral to the operation of pipes and process systems, and are designed to regulate the flow of liquids and gases for safety and efficiency. Industrialisation of emerging economies, modernisation of infrastructure, as well as increasing investment in energy and water treatment projects is one of the important drivers driving the growth of global industrial valves market. And the growing adoption of intelligent valve technologies with remote monitoring and predictive maintenance capabilities is changing the dynamics of process industries.

Another driver for the industrial valves market is growing pressure on environment and safety due to which end users are replacing old fashioned supply systems by efficient and automatically operated valves. Demand is being spearheaded by the fast urbanization and the rise of new industrial clusters in Asia and the Middle East. Moreover, growing shale gas exploration and offshore drilling initiatives are stimulating the demand for high performance valves in extreme conditions. Continuing transition to renewable and hydrogen-based infrastructure is anticipated to offer more opportunities, boost the size of industrial valves market and increase the share of the industrial valves market in the coming years.

INDUSTRIAL VALVES MARKET KEY FINDINGS

• Market Size and Growth: The worldwide market size of industrial valves will reach USD 80.98 billion in 2024, USD 86.31 billion in 2025 and USD 143.71 billion in 2033, with a CAGR of 6.58% during 2024-2033.
• Key Market Driver: More than 30% of the global industrial valve market was held by the oil & gas industry in 2023 and is expected to be a key demand driver on account of growing upstream and downstream activities.
• Major Market Restraint: Environmental regulations have become stringent resulting in 15% hike in compliance costs for valve manufacturers since 2020 affecting production scalability.
• Emerging Trends: Popularity of smart valves featuring IoT integration has increased by 20% over the past 2 years in industrial automation systems.
• Regional Leadership: The Asia-Pacific accounted for 40% share of the industrial valves volume market in 2023, owing to rapid industrialization in China and India.
• Competitive Landscape: The global valve market is highly concentrated, with the top five manufacturers accounting for around 50% share of the global market volume.
• Market Segmentation: In 2023, Ball Valves accounted for approximately 35% of the overall valve shipments, and was the most commonly used valve in various industry verticals.
• Recent Development: In the year 2024, a few manufacturers ramped up investment in production of corrosion-resistant valves to cater to the growing demand in the chemical processing industry that accounts for about 25% of the world’s valves.

RUSSIA-UKRAINE WAR IMPACT

Industrial Valves Market Had a Negative Effect Due To disruptions in the global supply chains during the Russia-Ukraine War

The Russia-Ukraine conflict has had a very direct impact on the industrial valves market, causing disruptions in global supplies and volatility in raw-material costs. Key valve materials: Steel, cast iron and special alloys soared in price as Russian exports dwindled and European energy costs soared. The war has also caused delays in infrastructure and energy schemes, including in eastern Europe, which use valves to control oil & gas and power generation, said the company. The geopolitical dispute has also, though, encouraged European nations to remove some reliance off some of these sources, as well as to increase investment in liquefied natural gas terminals and investment in renewable energy infrastructure, indirectly supporting demand for high-performance valves in new energy projects.

LATEST TRENDS

Adoption of Smart and Automated Valve Systems to Drive Market Growth

Among the industrial valves market trends, the growing preference for smart and automatic valve solutions has stood out to be one of the most noticeable trends so far. These are smart valves containing sensors, actuators and digital communication technologies for monitoring, operating and preventive maintenance in real-time. With the growing trend of digitalization and Industry 4.0 directives among industries, smart valves are aiding to optimize operations, minimize downtime, and ensure safety in process-critical applications. Nowhere is this trend more pronounced than in oil & gas, water treatment and chemicals, where system integrity and data-informed control are paramount. Manufacturers are focused on the production of valve automation systems, which can be integrated into SCADA and IoT systems, to cater to the burgeoning requirements of the modern industrial facilities. The move towards smart valves is not only a technological leap forward, but also puts companies in a position to adhere to more stringent safety and environmental regulations as well as drive greater asset performance.

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INDUSTRIAL VALVES MARKET SEGMENTATION

By Type

Based on type, the global market can be categorized into butterfly valve, ball valve, globe valve, gate valve, plug valve and other types

• Butterfly Valve: Butterfly valves are commonly used in the water and wastewater industry as it offers a smaller footprint and cost-effective operation. They have a fast shutoff and are excellent for use in low-pressure systems. The increasing emphasis on water infrastructure and urban utilities acts as a driver for the butterfly valve market in municipal and industrial sectors.

• Ball Valve: Ball valves are the most popular valves because they’re highly durable and have excellent sealing capacities in high- pressure applications. They are ideal in on/off throttling applications in oil & gas and chemical industries. Growing exploration and refining works are driving the demand for ball valves across the world.

• Globe Valve: Globe valves are used in applications where precise control of flow rate is needed, such as in power generation plants and industrial processes. Their linear stroke feature provides a precise control of the flow. The volume is increasing with the investments made in the thermal and nuclear power plants.

• Gate Valve: A gate valve is utilized when full flow or no flow is required, such as in the case of large pipelines. They are widely used in water, oil and gas transmission pipeline networks. Projected pipeline construction and utility infrastructure developments will support gate valve demand.

• Plug Valve: Plug valves use a closing member or plug to stop or start the flow of liquid through the piping system, and are preferable for applications involving higher pressure and slurry conditions, which require a reliable tight seal and ease of maintenance. They are applied in the chemical process and petrochemical industry. The sector is growing as companies search for corrosion resistant and fast acting valve solutions.

• Other Types: This category consists of needle valves, diaphragm valves and pinch valves, which are employed in specialized applications. They play important roles in the pharmaceutical, food, and specialty chemical industries. Demand for sanitary, high-repeatability valve systems is boosting growth.

By Application

Based on application, the global market can be categorized into oil & power, water & wastewater, chemical, food & beverage and others

• Oil & Power: Oil & power is a significant application for the industrial valves market as valves are widely used across the upstream, midstream and downstream activities. There is an enormous amount of pressure and temperature, and are highly corrosive fluids that valves in this sector need to resist. Growing spending on LNG, refinery enhancements and power infrastructure are driving consistent demand.

• Water & Wastewater: For treatment plants, Control valves play an important role in controlling water amount, pressure and prevention backflow. An increase in urban population and government efforts towards water management are propelling. In municipal applications, there is a particular demand for a corrosion resistant, low maintenance valve.

• Chemical: Valves for chemical manufactures are needed to control flows and withstand the chemicals. This section requires high-quality, corrosion-resistant components, which are rated to handle extreme amounts of corrosive fluids and fluctuating temperatures. Pipelines for specialty chemicals and green chemical production is also driving valve development.

• Food & Beverage: In food & beverage production, hygienic valves are strictly required for mixing, bottling and CIP (clean-in-place) systems, etc. The requirement for valves is increasing along with dairy, beverage and packaged food industries. Stainless steel and automated valves gain traction from safety and quality legislation as a greater emphasis on safe working environments is placed on manufacturers.

• Others: It covers riggers, HVAC, pharmaceuticals, marine and mining and demand special valve solutions. Valve selection is individualized to the specific operating and material needs of each industry, as well as to regulatory and economic considerations. Increasing customization and the incorporation of valves into advanced process control systems are driving growth in this area.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

Expansion of Oil & Gas and Power Generation Industries to Boost the Market

Rising demand from oil & gas and power generation applications, Oil & gas and power generation are one among the major drivers of the industrial valves market growth. Industrial valves represent critical equipment utilized in upstream (exploration and drilling), midstream (transportation), and downstream (refining and processing) activities. These are used to manage pressure, direct flow, split flow, or protect personnel and equipment among other things. Amid increasing global energy demand, in particular in the emerging economies, investments in development of oilfields, development of pipeline networks, new LNG terminals and modernization of refineries are growing. This in turn results in the need for long-lasting and high-performance valves such as the ball, globe, and gate valves operating in severe temperature and pressure environments. Concurrently, industrial valves are used extensively by the power generation industry, including thermal, nuclear and hydropower, for handling purposes in boilers, turbines and 33 in condensation. The direction towards renewable energy sources such as solar and hydrogen is also providing new prospects to the valve manufacturers by providing their tailor-made offering for energy storage and distribution systems. There is also an increasing replacement and retrofit market for industrial valves with an aging infrastructure in developed countries that needs upgrading. These developments in conjunction shall guarantee a vigorous long-term demand for the industrial valves market in the worldwide energy segment.

Increasing Infrastructure Development in Water & Wastewater Treatment to Expand the Market

Rising demand for water management and sanitary facilities is a major factor driving the growth of the industrial valves market, specifically in the water and wastewater treatment infrastructure. Driven by rapid urbanisation and industrialisation, many countries are under national pressure to improve and enhance their water supply, stormwater and sewage systems. Industrial valves are critically important to water flow and water pressure regulation and to prevent backflow and to automate water systems in industrial facilities. Butterfly, gate and plug valves are particularly suited to municipal pipeline and water and wastewater treatment applications as a result of their simple operation and minimal maintenance requirements. Infrastructure investments in Asia, Africa and the Middle East are growing rapidly, thanks to the initiatives of local governments and public-private partnerships. Desalination, Water Recycling and Flood Control projects integrate more robust, corrosion-resistant modern valves. Further, the implementation of smart valves with built-in remote sensors and automated actuators can help utilities minimise water loss, handle peak demands decades out, and better adhere to environmental requirements. With a growing shift to sustainability and resilience amid climate change, the industrial valves market is likely to gain from increased water demand in water-intensive industries and smart city initiatives.

Restraining Factor

Fluctuating Raw Material Prices and Supply Chain Instability to Potentially Impede Market Growth

However, price volatility of raw material and supply chain disturbances are acting as a major growth impediment in the industrial valves market. Metals, used to make industrial valves such as stainless steel, cast iron, and copper alloys, are more exposed to the fluctuations of global prices. Geopolitical unrest, trade blockages, and changes in energy prices have resulted in volatile input costs and made it difficult for producers to keep their prices stable. Furthermore, the entire global supply chain continues to be stressed by post-pandemic recovery setbacks, shipping congestion and raw material scarcities. These problems result production delay, cost overrun and less profit margin, which especially hurt small and medium-sized manufacturers. Oil & gas, water, infrastructure projects suffer from extended project timelines due to variable availability of components. This lack of clarity restricts bulk purchasing to take place and contributes to restricting industrial valve penetration rate to some extent and, in turn, overall market expansion, despite robust demand in targeted end-user sectors.

Rising Adoption of Smart Valves and Industrial Automation to Create Opportunity for the Product in the Market

Opportunity

Increasing use of smart valves with the advancement of industrial automation is a key factor driving demand in the industrial valves market. Valves with sensors, actuators and Internet of things (IoT) capability are in great demand as digital transformation becomes popular across industries. These intelligent valves provide live status information, the ability to operate remotely, and predictive maintenance, thus minimizing downtime and optimizing throughput. It is the oil & gas, water treatment, and chemical industries that are at the forefront of this shift towards Industry 4.0 technologies.

Intelligent valve connectivity to the control room (SCADA) and cloud solutions enables operators to tip the balance in favour of flow control, safety and regulatory compliance. Moreover, rising focus on energy efficiency and operational visibility is encouraging end-users to replace traditional valves with the automated counterparts. As governments invest in smart infrastructure, and industry invests in intelligence for the process systems, valve suppliers will increasingly be able to grow their offering in high-tech, high-value solutions, across global markets.

Strict Regulatory Compliance and Certification Standards Could Be a Potential Challenge for Consumers

Challenge

One of the major challenges facing the industrial valves market is the need to meet stringent regulatory compliance and certification standards across various industries. Valves used in sectors like oil & gas, pharmaceuticals, food & beverage, and water treatment must adhere to complex safety, environmental, and quality guidelines. These include certifications such as API, ASME, ISO, and others that vary by region and application. Ensuring product consistency while meeting diverse international standards can increase production costs, design complexity, and time to market.

For manufacturers, maintaining compliance while innovating or entering new geographies is particularly demanding, especially for small and medium-sized enterprises with limited technical and financial resources. Additionally, regular audits, testing, and documentation requirements place a continuous burden on production workflows. Non-compliance risks include project delays, product recalls, and loss of client trust, making regulatory adherence a critical but complex challenge that hinders flexibility and scalability in the industrial valves market.

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INDUSTRIAL VALVES MARKET REGIONAL INSIGHTS

• North America

The United States industrial valves market is benefiting from strong activity in oil & gas, especially in shale gas exploration, pipeline expansions, and refinery upgrades. The rising adoption of smart and automated valve systems across power generation and chemical sectors is further strengthening demand. Government initiatives focused on modernizing aging water infrastructure and ensuring energy security are driving procurement of durable, high-performance valves. In addition, regulatory pressure related to emission control and safety compliance is accelerating the replacement of older valve systems with advanced, efficient alternatives.

• Europe

Europe’s industrial valves market share is supported by the region’s commitment to energy transition and sustainable industrial practices. Increasing investments in hydrogen production, district heating systems, and wastewater treatment are fueling demand for corrosion-resistant, high-efficiency valves. Western European countries such as Germany, France, and the UK are also deploying smart valves in automated systems to enhance reliability and reduce operational risks. Additionally, the EU’s focus on circular economy principles and environmental compliance is encouraging valve manufacturers to develop eco-friendly and long-lasting product lines.

• Asia

Asia’s industrial valves market share is expanding significantly due to rapid industrialization, urban development, and infrastructural investments across China, India, and Southeast Asia. These regions are witnessing strong growth in power generation, water treatment, petrochemicals, and manufacturing, all of which are major consumers of industrial valves. In China and India, government-backed programs for improving water infrastructure and boosting renewable energy capacity are creating sustained demand. Moreover, the region has become a global manufacturing hub for valve production, offering cost-effective solutions and supporting large export volumes to global markets. The adoption of automation and smart control systems is also rising in Asia, especially in high-growth economies aiming to improve industrial efficiency.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market Through Innovation and Market Expansion

Leading companies in the industrial valves market are focusing heavily on product innovation, strategic partnerships, and expansion into high-growth regions to maintain their market position. Many are investing in the development of smart and automated valve systems integrated with IoT and remote monitoring capabilities to meet the growing demand for efficiency and predictive maintenance across industries. Efforts are also being directed toward enhancing material durability and corrosion resistance, particularly for valves used in aggressive chemical and offshore environments. Several players are expanding their manufacturing bases and service centers in Asia and the Middle East to capitalize on rising demand and reduce lead times. Mergers and acquisitions are being pursued to strengthen product portfolios and enter new market segments. In addition, leading firms are aligning with sustainability goals by developing eco-efficient valve designs and complying with stringent international standards, ensuring long-term relevance in both legacy and emerging industrial applications.

List Of Top Industrial Valves Companies

• Delta-Pacific Valves Ltd (Canada)
• Goodwin PLC (U.K.)
• Alfa Laval AB (Sweden)
• Avcon Controls Private Limited (India)
• CIRCOR International (U.S.)
• Kitz Corp (Japan)
• Cameron International (U.S.)
• Flowserve Corporation (U.S.)
• GWC Valve International Inc (U.S.)
• Curtiss-Wright Corp (U.S.)
• Watts Water Technologies, Inc. (U.S.)
• Camtech Manufacturing FZCO (UAE)
• Metso Corporation (Finland)
• Pentair PLC (U.K.)
• IMI plc (U.K.)
• The Weir Group plc (U.K.)
• Forbes Marshall (India)
• Schlumberger Limited (U.S.)
• Emerson Electric Co. (U.S.)
• KSB AG (Germany)
• Crane Co. (U.S.)
• AVK Group (Denmark)
• AVK Holding A/S (Denmark)

KEY INDUSTRY DEVELOPMENT

March 2024: Emerson Electric Co. (United States) announced the launch of its next-generation ASCO™ Series 327C solenoid valve, designed to meet the rigorous safety and performance standards of the chemical, energy, and power sectors. This valve offers enhanced durability in corrosive environments, improved pressure handling, and compatibility with aggressive media. The development highlights Emerson’s focus on expanding its smart valve portfolio with digital diagnostics and predictive maintenance features, aligning with growing demand for automated flow control solutions in high-risk industrial applications. It also supports Emerson’s broader strategy to strengthen its leadership in Industry 4.0-enabled fluid control systems.

REPORT COVERAGE

The industrial valves market report offers comprehensive analysis across multiple dimensions including market size, growth forecasts, competitive landscape, technological advancements, and regulatory developments. It covers detailed segmentation by product type (butterfly valve, ball valve, gate valve, globe valve, plug valve, and others) and by application (oil & power, water & wastewater, chemical, food & beverage, and others). The study provides an in-depth evaluation of market dynamics, highlighting key drivers, restraining factors, opportunities, and challenges influencing demand across industries.

Furthermore, the report includes regional insights for North America, Europe, Asia, and other global markets, outlining current trends and future growth potential. It profiles leading manufacturers and their strategic initiatives, such as mergers, acquisitions, product launches, and geographic expansions. The competitive analysis section presents market share data, production capacity, and innovation strategies. Additionally, the report examines the impact of geopolitical events, evolving environmental standards, and the adoption of smart valve technologies to help stakeholders make informed decisions in a rapidly evolving industrial environment.