The global industrial valves market was valued at USD 7.2 billion in 2023. Demand patterns show a sector evolving from basic designs toward automated and specialized products. The oil and gas sector alone accounted for 28.5% of total valve consumption.
Key Takeaways
- Emerson Electric Co. held a 12.4% market share in the industrial valves sector in 2022, leading in control valves
- The oil & gas sector represented 28.5% of the total industrial valves demand in 2023, primarily for upstream applications
- 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
- 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
- Ball valves accounted for 31.2% of the global industrial valves market revenue in 2023 due to their durability and low maintenance needs
Valve industry statistics show steady growth driven by expanding infrastructure and energy projects.
Related reading
01 · Category
Companies and Manufacturers23 stats
01
Emerson Electric Co. held a 12.4% market share in the industrial valves sector in 2022, leading in control valves
02
Flowserve Corporation reported revenues of USD 4.29 billion from its flow control division in 2023, including valves
03
Schlumberger Ltd. (Cameron) captured 9.8% of the global valves market in 2023, strong in subsea valves
04
AVK Holding A/S generated EUR 850 million in valve sales in 2023, focusing on water infrastructure
05
Kitz Corporation's valve division revenue was JPY 180 billion in FY2023, up 5.1% from prior year
06
Velan Inc. reported CAD 400 million in valve revenues for FY2023, strong in nuclear applications
07
Weir Group PLC's valves business generated GBP 320 million in 2023, up 4.2% YoY
08
Pentair PLC valve sales contributed USD 1.1 billion to 2023 revenues, focusing on filtration valves
09
Spirax Sarco Engineering generated GBP 1.45 billion in 2023, 60% from steam valves
10
Metso Outotec's valve business revenue was EUR 250 million in 2023, minerals processing focus
11
Crane Co. reported USD 2.3 billion total revenue in 2023, valves 35% contribution
12
Danfoss A/S valve sales reached DKK 25 billion in 2023, HVAC dominant
13
KSB SE & Co. KGaA generated EUR 2.89 billion revenue in 2023, valves 45%
14
Xylem Inc. valves contributed USD 650 million to 2023 water tech revenues
15
ITT Inc. Engineered Valves revenue USD 420 million in 2023, industrial focus
16
Habonim Industrial Valves & Actuators revenue grew 12% to USD 85 million in 2023
17
ARCA Valves revenue EUR 110 million in 2023, control valves specialty
18
Bürkert Fluid Control Systems sales EUR 550 million in 2023, process valves
19
Samyang Valve Co. revenue KRW 120 billion in 2023, shipbuilding valves
20
Valmet Oyj valves business EUR 180 million in 2023, pulp focus
21
Circor International revenues USD 718 million in 2023, aerospace valves strong
22
Phönix Armaturen Werke valve sales EUR 95 million in 2023, industrial
23
Dombor Valve revenue USD 75 million in 2023, China exports
Interpretation
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.
02 · Category
End-User Industries23 stats
01
The oil & gas sector represented 28.5% of the total industrial valves demand in 2023, primarily for upstream applications
02
Water and wastewater treatment industry consumed 22.1% of industrial valves in 2023 globally, driven by urbanization
03
Chemical processing end-use segment demanded 18.7% of valves in 2023, emphasizing corrosion-resistant materials
04
Power generation sector used 16.4% of industrial valves in 2023, with rising demand for supercritical plants
05
Pharmaceutical industry valves demand grew 7.2% YoY in 2023 to 4.5% of total market, for aseptic processing
06
Pulp & paper industry accounted for 5.3% of valves in 2023, with demand for abrasion-resistant designs
07
Mining sector valves usage was 7.1% of total in 2023, emphasizing slurry valves
08
Food & beverage valves demand reached 6.8% market share in 2023, sanitary designs dominant
09
Marine industry used 4.2% of industrial valves in 2023, ballast water systems key
10
Semiconductor manufacturing valves grew 9.5% in 2023 to 2.1% total share, ultra-clean tech
11
Steel industry valves usage 3.9% in 2023, continuous casting lines key
12
Oil refineries end-use held 14.8% valves share in 2023, FCC units major
13
Petrochemical plants used 12.3% of valves in 2023, exotic alloys rising
14
LNG terminals valves demand up 11.2% in 2023 to 8.4% total, cryogenic tech
15
District heating networks used 4.7% valves in 2023 Europe, energy efficiency push
16
Biofuel production valves up 8.9% in 2023 to 1.8% share, corrosion challenges
17
Desalination plants valves demand 3.2% in 2023, Middle East 65% share
18
Hydrogen production valves projected 14.2% CAGR from 2023, energy transition
19
Carbon capture valves demand rose 10.8% in 2023, CCS projects
20
Geothermal power plants valves 2.5% share in 2023, high-temp alloys
21
Data center cooling valves grew 12.4% in 2023, hyperscale builds
22
EV battery manufacturing valves up 15.6% in 2023, coolant systems
23
Nuclear power valves 5.9% share in 2023, AP1000 reactors
Interpretation
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.
03 · Category
Market Size and Growth23 stats
01
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
02
The industrial valves market in North America grew at a CAGR of 4.8% from 2018 to 2023, fueled by shale gas production
03
Global industrial valves market CAGR is anticipated at 5.3% from 2023-2028, with electric actuators boosting smart valve adoption
04
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
05
Smart industrial valves market to grow from USD 1.8 billion in 2023 to USD 4.2 billion by 2030 at 12.7% CAGR
06
Industrial valves aftermarket services market sized at USD 3.4 billion in 2023, growing at 6.1% CAGR to 2030
07
Stainless steel valves held 41.2% material share in industrial valves market in 2023 due to corrosion resistance
08
Automated valves market to expand from USD 2.9 billion in 2023 to USD 5.1 billion by 2030 at 8.4% CAGR
09
Cryogenic valves market valued at USD 3.8 billion in 2023, projected 5.9% CAGR to 2030 for LNG
10
High-pressure valves market to grow from USD 4.1 billion in 2023 at 6.3% CAGR, oilfield use
11
Alloy steel valves accounted for 22.4% material market in 2023, high-temp applications
12
Cast iron valves dominated at 28.6% volume share in 2023 for water distribution
13
Quarter-turn valves market to hit USD 5.6 billion by 2030 from USD 3.9 billion in 2023 at 5.2% CAGR
14
API 6D compliant valves grew 6.1% in 2023, pipeline standards drive
15
Bronze valves held 12.7% share in 2023 for marine and potable water uses
16
Multi-port valves segment grew 7.3% in 2023 for complex flow switching
17
Low-pressure valves dominated 58.3% market volume in 2023 for utilities
18
Titanium valves grew 9.1% in 2023 for corrosive environments like desalination
19
Plastic valves market USD 1.4 billion in 2023, chemical resistance advantage
20
Large diameter valves (>24 inch) 18.4% value share in 2023 pipelines
21
Small bore valves (<2 inch) 45.2% volume in 2023 instrumentation
22
Wireless valve monitoring market USD 450 million in 2023, digital twins rise
23
Subsea valves market USD 2.1 billion in 2023, deepwater projects 62%
Interpretation
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.
More related reading
04 · Category
Regional Market Analysis23 stats
01
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
02
Europe’s industrial valves market was valued at EUR 2.1 billion in 2023, with Germany contributing 25.7% of the regional share
03
Middle East & Africa industrial valves market reached USD 1.1 billion in 2023, led by Saudi Arabia's oil sector
04
China's industrial valves production capacity exceeded 5 million tons annually in 2023, exporting 1.2 million tons
05
Latin America valves market valued at USD 850 million in 2023, Brazil leading with 38.2% regional share
06
India’s industrial valves market expanded to USD 650 million in 2023 at 8.4% CAGR since 2018
07
South Korea's valves market valued at USD 420 million in 2023, driven by shipbuilding industry
08
Australia's industrial valves market hit AUD 550 million in 2023, LNG projects key driver
09
Japan's valves industry produced 2.8 million units in 2023, export value JPY 250 billion
10
UAE valves market valued at USD 280 million in 2023, 45% for petrochemicals
11
Russia’s industrial valves market was USD 450 million in 2023 despite sanctions
12
Indonesia valves market grew to USD 320 million in 2023 at 7.6% CAGR, palm oil sector
13
Turkey’s valves production 1.5 million units in 2023, export 60% to EU
14
Vietnam industrial valves market USD 180 million in 2023, electronics manufacturing boost
15
Thailand valves market valued THB 15 billion in 2023, petrochemicals 40%
16
Malaysia valves market USD 250 million in 2023, oil palm processing key
17
Philippines industrial valves imports USD 120 million in 2023, power plants drive
18
Singapore valves market USD 190 million in 2023, refining hub status
19
Egypt valves market USD 160 million in 2023, gas field developments
20
Qatar valves market USD 210 million in 2023, LNG expansion
21
Algeria industrial valves USD 140 million in 2023, gas exports
22
Kuwait valves market USD 175 million in 2023, upstream oil recovery
23
Oman industrial valves USD 130 million in 2023, Duqm refinery impact
Interpretation
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.
05 · Category
Valve Types and Technologies23 stats
01
Ball valves accounted for 31.2% of the global industrial valves market revenue in 2023 due to their durability and low maintenance needs
02
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
03
Butterfly valves market size stood at USD 2.4 billion in 2023, growing due to lightweight design for HVAC systems
04
Globe valves segment held 15.6% market share in 2023, favored for throttling applications in power plants
05
Check valves market reached USD 1.9 billion in 2023, driven by backflow prevention in refineries
06
Plug valves segment projected to register 5.9% CAGR from 2024-2030, used in slurry handling
07
Diaphragm valves market was USD 1.2 billion in 2023, growing for hygienic applications at 6.8% CAGR
08
Needle valves segment grew 4.7% in 2023, used for precise flow control in instrumentation
09
Pinch valves market sized USD 850 million in 2023, ideal for corrosive slurries at 7.1% CAGR
10
Safety valves market reached USD 2.7 billion in 2023, boiler applications 32% share
11
Pressure relief valves segment projected 5.4% CAGR 2024-2030, refineries drive
12
Control valves market valued USD 9.2 billion in 2023, pneumatic actuation 41%
13
Rotary valves market USD 1.1 billion in 2023, bulk material handling 55% share
14
Solenoid valves market reached USD 4.5 billion in 2023, automotive 28% share
15
Knife gate valves market USD 950 million in 2023, mining slurries 37%
16
Hydraulic valves market USD 6.8 billion in 2023, construction equipment 32%
17
Pneumatic valves market valued USD 5.2 billion in 2023, factory automation 44%
18
Electrically actuated valves market USD 2.3 billion in 2023, IIoT integration rising
19
Thermoplastic valves segment up 6.5% in 2023 for corrosive media
20
Zero leakage valves market USD 1.7 billion in 2023, pharma critical
21
Angle seat valves market USD 650 million in 2023, hygienic processes
22
Foot valves segment 4.1% share in 2023 for pump protection
23
Flanged valves dominated 67.3% connection type in 2023 pipelines
Interpretation
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.
report visual · Key figures
Industrial Valves: Share, Growth, and Demand Mix (2023)
A few KPIs summarize market momentum and where demand concentrates—overall growth, leading end-use shares, and the biggest industrial demand segments.
5.3%
Global industrial valves market CAGR is anticipated at 5.3% from 2023-2028, with electric actuators boosting smart valve
22.1%
Water and wastewater treatment industry consumed 22.1% of industrial valves in 2023 globally, driven by urbanization
28.5%
The oil & gas sector represented 28.5% of the total industrial valves demand in 2023, primarily for upstream application
14.8%
Oil refineries end-use held 14.8% valves share in 2023, FCC units major
Reference
Cite This Report
This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.
APA
Daniel Varga. (2026, February 13). Valves Industry Statistics. Gitnux. https://gitnux.org/valves-industry-statistics
MLA
Daniel Varga. "Valves Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/valves-industry-statistics.
Chicago
Daniel Varga. 2026. "Valves Industry Statistics." Gitnux. https://gitnux.org/valves-industry-statistics.
Sources & references
33 datasets cited across this report · attribution is report-level