Hidden inside nearly every modern process—from powering your home to refining life-saving medications—lies a critical piece of engineering that's set to become a $10.5 billion global force by 2030, driven by the relentless demands of energy, water, and industry.
Key Takeaways
- The global industrial valves market size was valued at USD 7.2 billion in 2023 and is expected to reach USD 10.5 billion by 2030, growing at a CAGR of 5.5% during the forecast period
- The industrial valves market in North America grew at a CAGR of 4.8% from 2018 to 2023, fueled by shale gas production
- Global industrial valves market CAGR is anticipated at 5.3% from 2023-2028, with electric actuators boosting smart valve adoption
- In 2022, the Asia-Pacific region dominated the industrial valves market with a share of 42.3%, driven by rapid industrialization in China and India
- Europe’s industrial valves market was valued at EUR 2.1 billion in 2023, with Germany contributing 25.7% of the regional share
- Middle East & Africa industrial valves market reached USD 1.1 billion in 2023, led by Saudi Arabia's oil sector
- Ball valves accounted for 31.2% of the global industrial valves market revenue in 2023 due to their durability and low maintenance needs
- Gate valves segment is projected to grow at a CAGR of 6.2% from 2024 to 2030, owing to their use in high-pressure pipelines
- Butterfly valves market size stood at USD 2.4 billion in 2023, growing due to lightweight design for HVAC systems
- The oil & gas sector represented 28.5% of the total industrial valves demand in 2023, primarily for upstream applications
- Water and wastewater treatment industry consumed 22.1% of industrial valves in 2023 globally, driven by urbanization
- Chemical processing end-use segment demanded 18.7% of valves in 2023, emphasizing corrosion-resistant materials
- Emerson Electric Co. held a 12.4% market share in the industrial valves sector in 2022, leading in control valves
- Flowserve Corporation reported revenues of USD 4.29 billion from its flow control division in 2023, including valves
- Schlumberger Ltd. (Cameron) captured 9.8% of the global valves market in 2023, strong in subsea valves
The global industrial valves market is steadily growing, driven by demand from oil, gas, and water sectors.
Companies and Manufacturers
- Emerson Electric Co. held a 12.4% market share in the industrial valves sector in 2022, leading in control valves
- Flowserve Corporation reported revenues of USD 4.29 billion from its flow control division in 2023, including valves
- Schlumberger Ltd. (Cameron) captured 9.8% of the global valves market in 2023, strong in subsea valves
- AVK Holding A/S generated EUR 850 million in valve sales in 2023, focusing on water infrastructure
- Kitz Corporation's valve division revenue was JPY 180 billion in FY2023, up 5.1% from prior year
- Velan Inc. reported CAD 400 million in valve revenues for FY2023, strong in nuclear applications
- Weir Group PLC's valves business generated GBP 320 million in 2023, up 4.2% YoY
- Pentair PLC valve sales contributed USD 1.1 billion to 2023 revenues, focusing on filtration valves
- Spirax Sarco Engineering generated GBP 1.45 billion in 2023, 60% from steam valves
- Metso Outotec's valve business revenue was EUR 250 million in 2023, minerals processing focus
- Crane Co. reported USD 2.3 billion total revenue in 2023, valves 35% contribution
- Danfoss A/S valve sales reached DKK 25 billion in 2023, HVAC dominant
- KSB SE & Co. KGaA generated EUR 2.89 billion revenue in 2023, valves 45%
- Xylem Inc. valves contributed USD 650 million to 2023 water tech revenues
- ITT Inc. Engineered Valves revenue USD 420 million in 2023, industrial focus
- Habonim Industrial Valves & Actuators revenue grew 12% to USD 85 million in 2023
- ARCA Valves revenue EUR 110 million in 2023, control valves specialty
- Bürkert Fluid Control Systems sales EUR 550 million in 2023, process valves
- Samyang Valve Co. revenue KRW 120 billion in 2023, shipbuilding valves
- Valmet Oyj valves business EUR 180 million in 2023, pulp focus
- Circor International revenues USD 718 million in 2023, aerospace valves strong
- Phönix Armaturen Werke valve sales EUR 95 million in 2023, industrial
- Dombor Valve revenue USD 75 million in 2023, China exports
Companies and Manufacturers Interpretation
The industrial valves landscape is a high-stakes, multi-billion dollar game of flow control where giants like Emerson and Flowserve lead the charge, while specialized players from subsea depths to nuclear reactors prove there's serious money in precisely directing everything from steam to sewage.
End-User Industries
- The oil & gas sector represented 28.5% of the total industrial valves demand in 2023, primarily for upstream applications
- Water and wastewater treatment industry consumed 22.1% of industrial valves in 2023 globally, driven by urbanization
- Chemical processing end-use segment demanded 18.7% of valves in 2023, emphasizing corrosion-resistant materials
- Power generation sector used 16.4% of industrial valves in 2023, with rising demand for supercritical plants
- Pharmaceutical industry valves demand grew 7.2% YoY in 2023 to 4.5% of total market, for aseptic processing
- Pulp & paper industry accounted for 5.3% of valves in 2023, with demand for abrasion-resistant designs
- Mining sector valves usage was 7.1% of total in 2023, emphasizing slurry valves
- Food & beverage valves demand reached 6.8% market share in 2023, sanitary designs dominant
- Marine industry used 4.2% of industrial valves in 2023, ballast water systems key
- Semiconductor manufacturing valves grew 9.5% in 2023 to 2.1% total share, ultra-clean tech
- Steel industry valves usage 3.9% in 2023, continuous casting lines key
- Oil refineries end-use held 14.8% valves share in 2023, FCC units major
- Petrochemical plants used 12.3% of valves in 2023, exotic alloys rising
- LNG terminals valves demand up 11.2% in 2023 to 8.4% total, cryogenic tech
- District heating networks used 4.7% valves in 2023 Europe, energy efficiency push
- Biofuel production valves up 8.9% in 2023 to 1.8% share, corrosion challenges
- Desalination plants valves demand 3.2% in 2023, Middle East 65% share
- Hydrogen production valves projected 14.2% CAGR from 2023, energy transition
- Carbon capture valves demand rose 10.8% in 2023, CCS projects
- Geothermal power plants valves 2.5% share in 2023, high-temp alloys
- Data center cooling valves grew 12.4% in 2023, hyperscale builds
- EV battery manufacturing valves up 15.6% in 2023, coolant systems
- Nuclear power valves 5.9% share in 2023, AP1000 reactors
End-User Industries Interpretation
The industrial valves market reveals a world simultaneously turning its valves to both quench its ancient thirst for fossil fuels and desperately redirect the flow towards everything from clean water and medicine to green hydrogen and carbon capture, proving that while our energy sources are evolving, our reliance on precisely controlled plumbing remains stubbornly constant.
Market Size and Growth
- The global industrial valves market size was valued at USD 7.2 billion in 2023 and is expected to reach USD 10.5 billion by 2030, growing at a CAGR of 5.5% during the forecast period
- The industrial valves market in North America grew at a CAGR of 4.8% from 2018 to 2023, fueled by shale gas production
- Global industrial valves market CAGR is anticipated at 5.3% from 2023-2028, with electric actuators boosting smart valve adoption
- U.S. industrial valves market valued at USD 2.3 billion in 2023, projected to hit USD 3.1 billion by 2030 at 4.3% CAGR
- Smart industrial valves market to grow from USD 1.8 billion in 2023 to USD 4.2 billion by 2030 at 12.7% CAGR
- Industrial valves aftermarket services market sized at USD 3.4 billion in 2023, growing at 6.1% CAGR to 2030
- Stainless steel valves held 41.2% material share in industrial valves market in 2023 due to corrosion resistance
- Automated valves market to expand from USD 2.9 billion in 2023 to USD 5.1 billion by 2030 at 8.4% CAGR
- Cryogenic valves market valued at USD 3.8 billion in 2023, projected 5.9% CAGR to 2030 for LNG
- High-pressure valves market to grow from USD 4.1 billion in 2023 at 6.3% CAGR, oilfield use
- Alloy steel valves accounted for 22.4% material market in 2023, high-temp applications
- Cast iron valves dominated at 28.6% volume share in 2023 for water distribution
- Quarter-turn valves market to hit USD 5.6 billion by 2030 from USD 3.9 billion in 2023 at 5.2% CAGR
- API 6D compliant valves grew 6.1% in 2023, pipeline standards drive
- Bronze valves held 12.7% share in 2023 for marine and potable water uses
- Multi-port valves segment grew 7.3% in 2023 for complex flow switching
- Low-pressure valves dominated 58.3% market volume in 2023 for utilities
- Titanium valves grew 9.1% in 2023 for corrosive environments like desalination
- Plastic valves market USD 1.4 billion in 2023, chemical resistance advantage
- Large diameter valves (>24 inch) 18.4% value share in 2023 pipelines
- Small bore valves (<2 inch) 45.2% volume in 2023 instrumentation
- Wireless valve monitoring market USD 450 million in 2023, digital twins rise
- Subsea valves market USD 2.1 billion in 2023, deepwater projects 62%
Market Size and Growth Interpretation
While the venerable, rusty gate valve is still dutifully holding back the tide for now, the entire valves industry is quietly and profitably evolving into a smarter, stronger, and more sophisticated ecosystem, driven by digital upgrades, demanding new energy projects, and the relentless need to keep everything from shale gas to seawater flowing without leaking, corroding, or exploding.
Regional Market Analysis
- In 2022, the Asia-Pacific region dominated the industrial valves market with a share of 42.3%, driven by rapid industrialization in China and India
- Europe’s industrial valves market was valued at EUR 2.1 billion in 2023, with Germany contributing 25.7% of the regional share
- Middle East & Africa industrial valves market reached USD 1.1 billion in 2023, led by Saudi Arabia's oil sector
- China's industrial valves production capacity exceeded 5 million tons annually in 2023, exporting 1.2 million tons
- Latin America valves market valued at USD 850 million in 2023, Brazil leading with 38.2% regional share
- India’s industrial valves market expanded to USD 650 million in 2023 at 8.4% CAGR since 2018
- South Korea's valves market valued at USD 420 million in 2023, driven by shipbuilding industry
- Australia's industrial valves market hit AUD 550 million in 2023, LNG projects key driver
- Japan's valves industry produced 2.8 million units in 2023, export value JPY 250 billion
- UAE valves market valued at USD 280 million in 2023, 45% for petrochemicals
- Russia’s industrial valves market was USD 450 million in 2023 despite sanctions
- Indonesia valves market grew to USD 320 million in 2023 at 7.6% CAGR, palm oil sector
- Turkey’s valves production 1.5 million units in 2023, export 60% to EU
- Vietnam industrial valves market USD 180 million in 2023, electronics manufacturing boost
- Thailand valves market valued THB 15 billion in 2023, petrochemicals 40%
- Malaysia valves market USD 250 million in 2023, oil palm processing key
- Philippines industrial valves imports USD 120 million in 2023, power plants drive
- Singapore valves market USD 190 million in 2023, refining hub status
- Egypt valves market USD 160 million in 2023, gas field developments
- Qatar valves market USD 210 million in 2023, LNG expansion
- Algeria industrial valves USD 140 million in 2023, gas exports
- Kuwait valves market USD 175 million in 2023, upstream oil recovery
- Oman industrial valves USD 130 million in 2023, Duqm refinery impact
Regional Market Analysis Interpretation
While the world's industrial plumbing is firmly installed in the Asia-Pacific powerhouse, the flow of this multibillion-dollar valve market reveals a planet meticulously piped together by national specialties—from Germany's precision engineering and Saudi Arabia's oil fields to South Korea's shipyards and Australia's LNG terminals—proving that beneath every global industry, there is a very literal turn of events.
Valve Types and Technologies
- Ball valves accounted for 31.2% of the global industrial valves market revenue in 2023 due to their durability and low maintenance needs
- Gate valves segment is projected to grow at a CAGR of 6.2% from 2024 to 2030, owing to their use in high-pressure pipelines
- Butterfly valves market size stood at USD 2.4 billion in 2023, growing due to lightweight design for HVAC systems
- Globe valves segment held 15.6% market share in 2023, favored for throttling applications in power plants
- Check valves market reached USD 1.9 billion in 2023, driven by backflow prevention in refineries
- Plug valves segment projected to register 5.9% CAGR from 2024-2030, used in slurry handling
- Diaphragm valves market was USD 1.2 billion in 2023, growing for hygienic applications at 6.8% CAGR
- Needle valves segment grew 4.7% in 2023, used for precise flow control in instrumentation
- Pinch valves market sized USD 850 million in 2023, ideal for corrosive slurries at 7.1% CAGR
- Safety valves market reached USD 2.7 billion in 2023, boiler applications 32% share
- Pressure relief valves segment projected 5.4% CAGR 2024-2030, refineries drive
- Control valves market valued USD 9.2 billion in 2023, pneumatic actuation 41%
- Rotary valves market USD 1.1 billion in 2023, bulk material handling 55% share
- Solenoid valves market reached USD 4.5 billion in 2023, automotive 28% share
- Knife gate valves market USD 950 million in 2023, mining slurries 37%
- Hydraulic valves market USD 6.8 billion in 2023, construction equipment 32%
- Pneumatic valves market valued USD 5.2 billion in 2023, factory automation 44%
- Electrically actuated valves market USD 2.3 billion in 2023, IIoT integration rising
- Thermoplastic valves segment up 6.5% in 2023 for corrosive media
- Zero leakage valves market USD 1.7 billion in 2023, pharma critical
- Angle seat valves market USD 650 million in 2023, hygienic processes
- Foot valves segment 4.1% share in 2023 for pump protection
- Flanged valves dominated 67.3% connection type in 2023 pipelines
Valve Types and Technologies Interpretation
While the globe valve fine-tunes power, the butterfly valve flutters through HVAC, the check valve staunchly defends refineries, and the ball valve reigns supreme in general durability, the global valve market is, in essence, a masterfully orchestrated industrial symphony where every specialized performer—from the slurry-battling pinch valve to the precise needle valve—finds its critical and lucrative niche.
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