According to a research report released by Spherical Insights & Consultant, the global industrial valve market size will be US$67.24 billion in 2022, and it is expected that the global industrial valve market size will reach US$110.57 billion by 2032. Covered companies: Alfa Lava, AVK Holding AS, CIRCOR International Inc, Grue Co., Curtiss-Wright Corporation, Danfoss AS, Zhejiang Dunan Valve Co., Ltd., Emerson Electric Company, Flowserve Corporation, Baker Hughes, Georg Fischer Ltd, Hitachi Ltd, Honeywell International Inc, KITZ Corporation, Groupe de vannes Farpro Yuanda, KLINGER Group, Mueller Water Products Inc, NIBCO Inc, Okano Valve Mfg. Co. Ltd, Saint-Gobain, Schlumberger Limited, etc..
New York, USA, June 27, 2023 (GLOBE NEWSWIRE) — The global industrial valve market size will grow from US$67.24 billion in 2022 to US$110.57 billion in 2032, with a compound annual growth rate (CAGR) of 5.1% during the forecast period Inside.
Global industrial valves are mechanical devices used to control the flow of fluids in industrial processes. They are vital in industries such as oil and gas, power generation and chemical processing. Industrial valves regulate flow, pressure and direction of liquids, gases and slurries. With the growth of global industrialization and infrastructure development, the demand for industrial valves is increasing. Major players in the market offer various types of valves including ball valves, Vannes, les vannes papillon, vannes à soupape, et clapets anti-retour. Continuing technological advances such as smart valves and digital control systems are improving the efficiency and performance of industrial valves.
This research report classifies the Industrial Valves market based on various segments and regions and projects revenue growth and analyzes trends for each submarket. The report analyzes the key growth drivers, opportunities, and challenges affecting the industrial valves market. Recent market developments and competitive strategies such as expansion, product launches and developments, collaborations, mergers, and acquisitions are included to chart the competitive landscape of the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the Industrial Valves market.
The report contains 130 market data tables and charts Global Industrial Valve Market size, share and COVID-19 impact analysis, by type (les vannes papillon, robinets à tournant sphérique, vannes à soupape, Vannes, vannes à boisseau, etc.), by product (quarter-turn valves, multi-turn Valves, etc.), By Application (Energy & Power, Eau & Wastewater Management, Chemicals, Huile & Gas, & Others), By Region (North America, L'Europe , Asia Pacific, Latin America, Middle East & Africa), 2022 à 2032 Analysis & predict.
The globe valve segment held the largest market share in 2022 at approximately 25.4%.
On the basis of type, the global industrial valves market is segmented into butterfly valves, robinets à tournant sphérique, vannes à soupape, Vannes, vannes à boisseau, et d'autres. The globe valve field has become a major market share holder in the industrial valve industry. This can be attributed to several factors. Globe valves serve a variety of applications in various industries, y compris le pétrole et le gaz, traitement chimique, power generation and water treatment. Their ability to regulate and control fluid flow, coupled with reliable performance and durability, make them a popular choice. En plus, growing demand for globe valves in critical applications such as isolation, throttling, and flow control is further driving its market share. En outre, continued advancements in globe valve design and materials have improved their efficiency and operating capabilities.
The quarter-turn valve segment is expected to register a CAGR of approximately 5.8% during the forecast period.
On the basis of product type, the global industrial valve market is segmented into quarter-turn valves, multi-turn valves, et d'autres. The quarter-turn valve segment is expected to witness significant growth over the forecast period. These valves are used in a variety of industries, y compris le pétrole et le gaz, water and wastewater management, et traitement chimique. The increasing adoption of quarter-turn valves in piping systems, flow control operations, and process automation is driving its market growth. Continuous advancements in quarter-turn valve design and materials have further improved their performance and efficiency.
The Asia-Pacific region is expected to grow at a CAGR of around 6.4% during the forecast period.
Regionally, Asia Pacific is expected to witness the fastest significant growth during the forecast period. Several factors contribute to this trend. The region is undergoing rapid industrialization and urbanization, resulting in infrastructure development and increased industrial activity. This is driving demand for industrial valves in industries such as oil and gas, power generation and manufacturing. En outre, Asia-Pacific countries are investing in renewable energy, creating opportunities for valve applications in the field of renewable energy. En plus, growing population and increasing needs for water and wastewater management are driving the demand for valves in the water and wastewater treatment industry. These factors, coupled with favorable government initiatives and investments, make Asia Pacific a key growth region for the industrial valves market.
The study forecasts revenue at global, regional and country levels from 2019 à 2032. The global industrial valves market is segmented on the basis of the following segments:
Industrial Valves Market, By Type
- Vanne papillon
- Robinet à tournant sphérique
- Clapet anti-retour
- Vanne à vanne
- Global Valve
Industrial Valves Market, By Product
- Manual valve
- Electric valve
- hydraulic valve
Industrial Valve Market (by Application)
- Energy and Power
- Water and wastewater management
- Petroleum and natural gas
Industrial Valve Market, Regional Distribution
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of South America
- Middle East and Africa
- United Arab Emirates
- Saudi Arabia
- South Africa