"The Global Industrial Valves Market Size was valued at USD 76.9 billion in 2024 and is projected to reach USD 85.2 billion in 2025. Worldwide sales of Industrial Valves are expected to grow at a significant CAGR of 12.6%, reaching USD 254.7 billion by the end of the forecast period in 2034."
The industrial valves market plays a crucial role in controlling fluid flow within a wide range of industries including oil & gas, power generation, water & wastewater, chemicals, and manufacturing. These valves regulate, direct, or control the flow of liquids, gases, and slurries through pipelines and other systems. Growing global infrastructure development, rising energy demand, and increasing industrial automation are driving the market’s expansion. The market is evolving with advanced technologies such as smart valves integrated with IoT and predictive maintenance capabilities. Moreover, stringent environmental regulations and the need for process safety are fostering the adoption of high-performance and corrosion-resistant valves across critical sectors. With investments increasing in water treatment, LNG terminals, and renewable energy plants, the industrial valves market is poised for robust long-term growth.
The demand for various types of valves such as ball, gate, globe, butterfly, plug, and check valves is segmented based on function and end-use industry. Asia-Pacific dominates the market due to large-scale infrastructure, oil & gas projects, and expanding chemical manufacturing. North America and Europe follow, supported by ongoing refinery modernization and water management initiatives. Valve manufacturers are also focusing on sustainable materials, digital valve monitoring, and modular designs to align with Industry 4.0 standards. The increasing need for maintenance efficiency, energy optimization, and remote operations is transforming traditional valve supply chains and encouraging digital innovation.
Ball valves are the largest segment in the industrial valves market due to their widespread use in various industries, including oil and gas, water treatment, and chemicals. Their durability, ease of operation, and ability to provide a tight seal make them highly preferred for both on-off and flow control applications.
Steel valves represent the fastest-growing material segment, driven by their superior strength, corrosion resistance, and ability to withstand high-pressure and high-temperature environments. The growing demand from the energy, petrochemical, and power generation sectors continues to fuel adoption of steel-based valves.
Key Insights
Industrial valves are essential for fluid handling and safety across oil & gas, chemical, power, and water sectors, with their demand closely tied to industrial and infrastructure growth trends globally.
Ball valves lead the market in terms of revenue share due to their durability, ease of operation, and suitability for high-pressure applications in oil & gas and petrochemical sectors.
Asia-Pacific accounts for the largest market share, driven by large-scale oil refining, power generation projects, and rapid urbanization in countries like China, India, and Southeast Asia.
Digital transformation is reshaping the valve market, with growing investments in smart valves that offer predictive maintenance, real-time diagnostics, and remote monitoring capabilities.
Increasing environmental regulations are prompting demand for corrosion-resistant, low-leakage, and emission-compliant valve systems, especially in chemical and wastewater applications.
Water & wastewater treatment plants are becoming a significant end-user segment as governments focus on water conservation and management in both developed and emerging markets.
Floating LNG terminals and offshore platforms are contributing to the demand for high-integrity pressure protection valves and cryogenic valves designed for extreme environments.
Maintenance and repair services are gaining traction, as industries aim to reduce unplanned downtimes through valve refurbishing and lifecycle extension programs.
Leading companies are focusing on modular valve designs, additive manufacturing, and materials like superalloys and composites to enhance performance and sustainability.
Global valve suppliers are expanding into emerging markets and forming partnerships with automation and control system providers to offer integrated flow control solutions.
Reort Scope
| Parameter | Detail |
|---|---|
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2026-2034 |
| Market Size-Units | USD billion |
| Market Splits Covered | By Valve, By Material, By Application |
| Countries Covered | North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA) |
| Analysis Covered | Latest Trends, Driving Factors, Challenges, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
| Customization | 10 % free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
| Post-Sale Support | 4 analyst hours, available up to 4 weeks |
| Delivery Format | The Latest Updated PDF and Excel Datafile |
Market Segmentation
By Valve
- Ball Valves
- Butterfly Valves
- Gate Valves
- Globe Valves
- Plug Valves
- Check Valves
- Diaphragm Valves
- Others
By Material
- Cast Iron
- Steel
- Alloy-Based
- Others
By Application
- Oil & Gas
- Water & Wastewater
- Chemical
- Power
- Others
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
What You Receive
• Global Industrial Valves market size and growth projections (CAGR), 2024- 2034• Impact of recent changes in geopolitical, economic, and trade policies on the demand and supply chain of Industrial Valves.
• Industrial Valves market size, share, and outlook across 5 regions and 27 countries, 2025- 2034.
• Industrial Valves market size, CAGR, and Market Share of key products, applications, and end-user verticals, 2025- 2034.
• Short and long-term Industrial Valves market trends, drivers, restraints, and opportunities.
• Porter’s Five Forces analysis, Technological developments in the Industrial Valves market, Industrial Valves supply chain analysis.
• Industrial Valves trade analysis, Industrial Valves market price analysis, Industrial Valves Value Chain Analysis.
• Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products.
• Latest Industrial Valves market news and developments.
The Industrial Valves Market international scenario is well established in the report with separate chapters on North America Industrial Valves Market, Europe Industrial Valves Market, Asia-Pacific Industrial Valves Market, Middle East and Africa Industrial Valves Market, and South and Central America Industrial Valves Markets. These sections further fragment the regional Industrial Valves market by type, application, end-user, and country.
Who can benefit from this research
The research would help top management/strategy formulators/business/product development/sales managers and investors in this market in the following ways1. The report provides 2024 Industrial Valves market sales data at the global, regional, and key country levels with a detailed outlook to 2034, allowing companies to calculate their market share and analyze prospects, uncover new markets, and plan market entry strategy.
2. The research includes the Industrial Valves market split into different types and applications. This segmentation helps managers plan their products and budgets based on the future growth rates of each segment
3. The Industrial Valves market study helps stakeholders understand the breadth and stance of the market giving them information on key drivers, restraints, challenges, and growth opportunities of the market and mitigating risks
4. This report would help top management understand competition better with a detailed SWOT analysis and key strategies of their competitors, and plan their position in the business
5. The study assists investors in analyzing Industrial Valves business prospects by region, key countries, and top companies' information to channel their investments.
Available Customizations
The standard syndicate report is designed to serve the common interests of Industrial Valves Market players across the value chain and include selective data and analysis from entire research findings as per the scope and price of the publication.However, to precisely match the specific research requirements of individual clients, we offer several customization options to include the data and analysis of interest in the final deliverable.
Some of the customization requests are as mentioned below :
Segmentation of choice – Our clients can seek customization to modify/add a market division for types/applications/end-uses/processes of their choice.
Industrial Valves Pricing and Margins Across the Supply Chain, Industrial Valves Price Analysis / International Trade Data / Import-Export Analysis
Supply Chain Analysis, Supply–Demand Gap Analysis, PESTLE Analysis, Macro-Economic Analysis, and other Industrial Valves market analytics
Processing and manufacturing requirements, Patent Analysis, Technology Trends, and Product Innovations
Further, the client can seek customization to break down geographies as per their requirements for specific countries/country groups such as South East Asia, Central Asia, Emerging and Developing Asia, Western Europe, Eastern Europe, Benelux, Emerging and Developing Europe, Nordic countries, North Africa, Sub-Saharan Africa, Caribbean, The Middle East and North Africa (MENA), Gulf Cooperation Council (GCC) or any other.
Capital Requirements, Income Projections, Profit Forecasts, and other parameters to prepare a detailed project report to present to Banks/Investment Agencies.
Customization of up to 10% of the content can be done without any additional charges.
Note: Latest developments will be updated in the report and delivered within 2 to 3 working days.
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FAQ's
The Global Industrial Valves Market is estimated to generate USD 76.9 billion in revenue in 2024.
The Global Industrial Valves Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period from 2025 to 2032.
The Industrial Valves Market is estimated to reach USD 198.7 billion by 2032.
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