The Industrial Valves Global Market Report 2023, provides comprehensive information on the industrial valves market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Industrial Valves Global Market Report 2023, the market size is expected to grow from $97.80 billion in 2022 to $102.99 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global industrial valves market size is expected to reach $120.65 billion in 2027 at a CAGR of 4.0%.
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Product innovation is a key trend gaining popularity in the industrial valve markets. Major companies operating in the industrial valve are focused on developing innovative solutions to strengthen their position in the market. For instance, in December 2022, Emerson Electric Co., a US-based manufacturing company, introduced two new technological products called the Crosby J-Series pressure relief valves. The initial variant is a balance diaphragm valve, which minimizes the need for bellows in pressure-reducing valves while ensuring balanced operation against back pressure, lowering ownership costs and improving performance. The second technology is bellows leak detection, which allows for remote detection of bellows ruptures in pressure-reduction valves while simultaneously lowering and precisely calculating volumetric emissions.
The industrial valves market is segmented:
1) By Valves: Ball Valves, Check Valves, Butterfly Valves, Plug Valves, Globe Valves, Gate Valves, Diaphragm Valves, Safety Valves
2) By Function: Isolation, Regulation, Safety Relief Valve, Special Purpose, Non-Return
3) By Material: Ductile Iron, Carbon Steel, Plastic, Brass, Bronze, Copper, Aluminium, Others Materials
4) By Accessories: Hydraulic Filter, Power Cable, Mounting Screw and Bolts, Seal Kits, Dust Protection Cover, Others Accessories
5) By End-User: Chemicals, Energy And Power, Oil And Gas, Water And Wastewater Treatment, Building And Constructions, Paper And Pulp, Metal And Mining, Agriculture, Semiconductor, Other End Users
Asia-Pacific was the largest region in the industrial valves market in 2022.
The table of contents in TBRC’s industrial valves market report includes:
1. Executive Summary
2. Industrial Valves Market Characteristics
3. Industrial Valves Market Trends And Strategies
4. Industrial Valves Market – Macro Economic Scenario
5. Industrial Valves Market Size And Growth
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26. Africa Industrial Valves Market
27. Industrial Valves Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Valves Market
29. Industrial Valves Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Emerson Electric Co
- The Flowserve Corporation
- Schlumberger Limited
- Crane Holdings Co
- KITZ Corporation
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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