What is the present valuation and projected CAGR of the metal valve market?
The metal valve market size has grown strongly in recent years. It will grow from $307.79 billion in 2024 to $327.04 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to industrialization, oil and gas industry growth, water and wastewater infrastructure development, energy production, manufacturing sector expansion.
The metal valve market size is expected to see steady growth in the next few years. It will grow to $392.85 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to green energy transition, smart and iot-enabled valves, water scarcity solutions, environmental regulations, global infrastructure upgrades. Major trends in the forecast period include energy-efficient valves, digital twin technology, valve materials innovation, customization and specialization, remote valve control.
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What key drivers have fueled the metal valve market’s development over the years?
The growth of the chemical industry is expected to propel the growth of the metal valves market going forward. Metal valves such as butterfly valves, ball valves, gate valves, check valves, globe valves, plug valves, and actuated valves perform an essential role in chemical processing, thereby contributing to the growth of the metal valves market. For instance, according to a report published by the American Chemistry Council (ACC), a US-based industry trade association for American chemical companies, the output of chemicals in the US is strong, and all chemical businesses are expanding. The ACC anticipates that output will increase by 2.4% in 2023, with the amount spent on capital projects increasing by 5.5% in 2023. Thus, the growth of the chemical industry is expected to drive the growth of the metal valves market going forward.
What is the segmentation for the metal valve market?
The metal valve market covered in this report is segmented –
1) By Type: Industrial Valve, Fluid Power Valve and Hose Fitting, Plumbing Fixture Fitting and Trim, Other Metal Valve and Pipe Fitting
2) By Product: Pressure Reducing Valves, Safety/Relief Valves, Control Valves, Globe Valves, Plug Valves, Gate Valves, Ball Valves, Butterfly Valves, Diaphragm Valves, Other Products
3) By End User Industry: Chemicals, Marine, Construction, Mining, Oil and Gas, Other End User Industries
Subsegments:
1) By Industrial Valve: Ball Valves, Gate Valves, Globe Valves, Butterfly Valves, Check Valves, Pressure Relief Valves
2) By Fluid Power Valve And Hose Fitting: Pneumatic Valves, Hydraulic Valves, Hose Fittings
3) By Plumbing Fixture Fitting And Trim: Faucets, Showerheads, Bathtub Spouts, Plumbing Trim Accessories
4) By Other Metal Valve And Pipe Fitting: Flanged Fittings, Butt Weld Fittings, Threaded Fittings, Socket Weld Fittings
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Who are the most influential companies in the metal valve market?
Major companies operating in the metal valve market include Parker-Hannifin Corporation, Emerson Electric Co, IMI plc, Atlas Copco AB, The Flowserve Corporation, The Crane Company, KITZ Corporation, Metso Oyj, Spectrum Brands Holdings Inc, Globe Union Industrial Corp., Parker Hannifin Corporation, The Weir Group PLC, Cameron International, Rotork plc, Velan Inc., Curtiss-Wright Corporation, Neway Valve (Suzhou) Co. Ltd., Spirax-Sarco Engineering plc, Forum Energy Technologies, CIRCOR International Inc., Apollo Valves (Conbraco Industries), Bonney Forge Corporation, Watts Water Technologies Inc., Dwyer Instruments Inc., Bray International Inc., Leslie Controls Inc., SAMSON Controls Inc., Swagelok Company, Marwin Valve, Sun Hydraulics Corporation, MOGAS Industries Inc., Ayvaz, VAG Group, Nihon KOSO Co. Ltd.
How will evolving trends contribute to the growth of the metal valve market?
Product innovations are the key trend gaining popularity in the metal valve market. Major companiesoperating in the metal valves sector are focused on introducing new products with innovative technology and features to gain a competitive advantage. For instance, in 2022, Warren Controls, a US-based manufacturer of valves for commercial, industrial, and other industries, launched the industrial control valves Series 2900. These valves have applications in industries such as food and beverages as well as other manufacturing purposes. The distinctive qualities and innovative qualities of these products include a rugged cast iron body and a selection of trim materials, including bronze, 300 stainless steel, 17-4PH stainless steel, and Alloy 6 amongst other materials.
What are the key regional dynamics of the metal valve market, and which region leads in market share?
Asia-Pacific was the largest region in the metal valve market in 2023. Western Europe was the second-largest region in the metal valve market. The regions covered in the metal valve market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Metal Valve Market Report 2025 Offer?
The metal valve market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Metal valves refer to a type of instrument that is adaptable, strong, and reliable, consisting of metal, and that is designed to regulate, direct, and control the flow of liquids, gases, and slurries from containers to the point of application in industries to provide a measured amount of raw material.
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