GITNUX MARKETDATA REPORT 2024

Industrial Valve Industry Statistics

The industrial valve industry is projected to experience steady growth in the coming years due to increasing demand from various end-use industries and infrastructural development projects worldwide.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore key statistics shaping the global industrial valve industry, shedding light on market projections, regional trends, and sector-specific insights. With figures indicating substantial growth potential and market dynamics, the future landscape of the industrial valve market becomes clearer.

Statistic 1

"The global industrial valve market is projected to be worth $85.19 billion by 2023"

Statistic 2

"In 2018, the industrial valves market was valued at nearly $66.34 billion"

Statistic 3

"The CAGR of industrial valves market is expected to be around 3% between 2019 and 2025"

Statistic 4

"In 2017, Asia-Pacific accounted for nearly 37% of the total industrial valves market revenue"

Statistic 5

"The oil and gas sector contributed for largest share, nearly 23.5% in 2017, of the global industrial valves market"

Statistic 6

"The global industrial valve market is expected to reach up to $109.00 Billion by 2027"

Statistic 7

"Ball valves accounted for a significant market share, recording over 20% in 2022"

Statistic 8

"Industrial valve market in China is expected to register a CAGR of 5.2% during 2020-2025"

Statistic 9

"Among valve types, the market for control valves is expected to grow at the highest CAGR from 2018 to 2023"

Statistic 10

"Gate valve type is forecast to contribute $11.5 billion by 2025 in industrial valve market"

Statistic 11

"Middle East industrial valves market is projected to grow at a CAGR of 5.2% during 2021-2027"

Statistic 12

"The industrial automation & robotics sector is expected to offer significant growth potential for the industrial valve market in the coming years"

Statistic 13

"On the basis of applications, the oil & gas industry defined the industrial valve market with a share of 20.5% in 2019"

Statistic 14

"The automatic segment held the premier position in the global industrial valves market in 2019, generating a revenue of USD 48.6 Billion"

Statistic 15

"Europe industrial valves market is expected to reach USD 8.35 billion by 2020"

The global industrial valve market is experiencing steady growth, with projections indicating a substantial increase in market value by 2023 and beyond. Various regions and sectors, such as Asia-Pacific and the oil and gas industry, are playing significant roles in driving this growth. Control valves and ball valves are forecasted to see notable market expansion, while industrial automation and robotics present additional growth opportunities. The market is poised for continued development, with specific segments and regions expected to see considerable increases in market value in the coming years.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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