Industrial Valves Market Size, Share, Industry Trends and Forecast to 2033
This report provides an in-depth analysis of the Industrial Valves market covering market size, industry trends, segmentation, regional insights, and future forecasts from 2023 to 2033, offering valuable insights for stakeholders and decision-makers.
| Metric | Value |
|---|---|
| Study Period | 2023 - 2033 |
| 2023 Market Size | $5.00 Billion |
| CAGR (2023-2033) | 7.5% |
| 2033 Market Size | $10.53 Billion |
| Top Companies | Emerson Electric Co., Flowserve Corporation, Baker Hughes Company, Parker Hannifin Corporation, Kitz Corporation |
| Last Modified Date | 15 Nov 2024 |
Industrial Valves Market Report (2023 - 2033)
Industrial Valves Market Overview
What is the Market Size & CAGR of the Industrial Valves market in 2023?
Industrial Valves Industry Analysis
Industrial Valves Market Segmentation and Scope
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Industrial Valves Market Analysis Report by Region
Europe Industrial Valves Market Report:
The European market is valued at approximately $1.39 billion in 2023, and it is forecasted to reach $2.94 billion by 2033. With stringent regulations on water and waste management, the demand for high-quality valves in this region is expected to rise.Asia Pacific Industrial Valves Market Report:
The Asia Pacific region is expected to witness significant growth due to rapid industrialization and urbanization. In 2023, the market size is estimated at $0.95 billion, growing to approximately $2.01 billion by 2033. Key industries include energy, manufacturing, and water management, driving demand for valves.North America Industrial Valves Market Report:
North America holds a substantial share of the Industrial Valves market, with a size of $1.90 billion in 2023, projected to nearly double, reaching $3.99 billion by 2033. The booming oil and gas sector, as well as advancements in the manufacturing sector, contribute significantly to this growth.South America Industrial Valves Market Report:
In South America, the market for Industrial Valves stands at around $0.49 billion in 2023 and is expected to grow to $1.03 billion by 2033. The growth is propelled by investments in infrastructure and a growing manufacturing base.Middle East & Africa Industrial Valves Market Report:
The Middle East and Africa market is currently valued at $0.27 billion in 2023, with expectations to grow to $0.57 billion by 2033. The growth is primarily driven by the oil and gas industry and ongoing infrastructure projects.Request a custom research report for industry.
Industrial Valves Market Analysis By Type
Global Industrial Valves Market, By Type Market Analysis (2023 - 2033)
In the market segmented by type: - Gate Valves size is projected to grow from $2.39 billion in 2023 to $5.02 billion by 2033, retaining a market share of 47.71%. - Globe Valves are expected to grow from $1.06 billion to $2.22 billion, holding 21.1% market share. - Ball Valves will increase from $0.50 billion to $1.06 billion, maintaining a 10.05% share. - Check Valves are anticipated to grow from $0.52 billion to $1.09 billion, with a 10.38% share. - Butterfly Valves will increase from $0.54 billion to $1.13 billion, holding a 10.76% share.
Industrial Valves Market Analysis By Material
Global Industrial Valves Market, By Material Market Analysis (2023 - 2033)
The valuation based on material: - The Metal segment is projected to grow significantly, from $3.38 billion in 2023 to $7.11 billion by 2033 with a share of 67.51%. - The Plastic segment is expected to increase from $1.45 billion to $3.05 billion, maintaining a 28.94% share. - The Composite Material segment will see growth from $0.18 billion to $0.37 billion, with 3.55% market share.
Industrial Valves Market Analysis By Application
Global Industrial Valves Market, By Application Market Analysis (2023 - 2033)
Market performance by application: - The Energy and Utilities segment will grow from $3.38 billion to $7.11 billion, holding a significant share of 67.51%. - Manufacturing will increase its market size from $1.45 billion to $3.05 billion, accounting for 28.94%. - Other sectors like Oil & Gas, Water Management, and Power Generation are also contributing to the overall growth.
Industrial Valves Market Analysis By End User
Global Industrial Valves Market, By End-User Market Analysis (2023 - 2033)
- The Industrial end-user segment is growing, with increasing demand across manufacturing sectors. - Commercial usage of industrial valves is rising with infrastructure projects. - Residential use, while smaller, is also seeing a gradual increase, particularly in smart home technologies.
Industrial Valves Market Analysis By Operation
Global Industrial Valves Market, By Operation Market Analysis (2023 - 2033)
- The Manual valve operation segment accounts for a large share, anticipated to expand from $4.21 billion to $8.86 billion, representing 84.22% of the market. - The Automated segment is expected to grow from $0.79 billion to $1.66 billion, making up 15.78% of the market.
Industrial Valves Market Trends and Future Forecast
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Global Market Leaders and Top Companies in Industrial Valves Industry
Emerson Electric Co.:
A global leader in automation and valves, providing innovative solutions for operational efficiency and sustainability.Flowserve Corporation:
Specializes in the manufacturing and servicing of industrial valves, pumps, and seals, focusing on high-performance and durable products.Baker Hughes Company:
A major player in the oil and gas sector, offering advanced valves that enhance efficiency and performance in critical applications.Parker Hannifin Corporation:
Provides a diverse range of high-quality valves for various applications, focusing on precision and durability.Kitz Corporation:
Global manufacturer of industrial valves committed to quality and performance, catering to various industries.We're grateful to work with incredible clients.
