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Industrial Valves Market

Industrial Valves Market Size, Share & Segment By Type (Ball Valves, Butterfly Valves, Check Valves, Gate Valves, Globe Valves, Diaphragm Valves, Plug Valves, Safety Valves) By Component (Valve Body, Actuators, Others) By Materials (Alloy Based, Bronze, Cast Iron, Brass, Steel, Plastic, Cryogenic, Others) By Size(Less Than 1”, 1- 6”, 7- 25”, 26- 50”, More Than 50”) By End-Users (Oil & Gas, Energy & Power, Chemicals, Pulp & Paper, Metals & Mining, Agriculture, Water & Wastewater Treatment, Food & Beverages, Building & Construction, Pharmaceuticals & Healthcare, Others), By Regions And Global Forecast 2022-2028

Report Id: SNS/SEMI/1862 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Industrial Valves Market Size will be valued at USD 100.43 billion by 2028, and it was valued at USD 73.8 billion by 2021, and grow at a CAGR of 4.5% over the forecast period 2022-2028.

Provide rules and guidelines and control of vapors, liquids, slurries, gases, etc. in industrial processes, using industrial valves. As these are usually made using stainless steel, exposed metal, carbon steel, and other metal alloys. Ensures effective and efficient flow control in various industries such as chemicals, food and beverage, oil and energy, water and wastewater, and many more. The market for industrial valves is growing at a tremendous rate worldwide.

Industrial Valves Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Valve demand is increasing in the healthcare and pharmaceutical industries.

  • Increasing demand for connected networks to maintain and monitor industrial equipment.

RESTRAINTS: 

  • Absence of standardized policies.

OPPORTUNITIES: 

  • Industrial valves are manufactured using 3D printing.

  • IIoT and Industry 4.0 applications in industrial valves.

  • Replacement of obsolete valves and adoption of smart valves are required.

CHALLENGES: 

  • Unplanned downtime due to valve malfunction or failure.

  • Increased collaboration among industry participants.

  • Local manufacturers provide low-cost valves.

IMPACT OF COVID-19: 

COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption. 

The global epidemic of COVID 19 has affected a large number of people. Many people have lost their lives as a result of this global epidemic. It has affected the flexibility and growth of several industries. During the ban, various industrial activities of end users were suspended which led to a reduction in the market demand for industrial valves leading to a decrease in sales revenue. Supply chain networks are also disrupted which has led to a decline in interest rates. However, the industrial valve market is expected to recover from this global epidemic by the end of the third quarter of next year by strategizing according to market needs.

By Type, the industrial valve market is segmented into Ball Valves, Butterfly Valves, Check Valves, Gate Valves, Globe Valves, Diaphragm Valves, Plug Valves and Safety Valves. The largest market share in the type dividend is held by plug valves due to increased demand in chemical companies especially in the European and Asia-Pacific region.

By Materials, the industrial valve market is segmented into Alloy Based, Bronze, Cast Iron, Brass, Steel, Plastic, Cryogenic and Others. The largest market share in the material sector is dominated by cryogenic material due to the increasing demand for valves made of this material in the chemical, oil and gas and industries.

COMPETITIVE LANDSCAPE:

The key players in industrial valves are Emerson Electric, Schlumberger, Flowserve Corporation, IMI plc, Neles Corporation, Spirax Sarco Limited, Crane, Conbraco Industries Inc, Kitz Corporation, Trillium Flow Technologies, Bray international and Others.

MARKET SEGMENTATION:

BY TYPE

  • Ball Valves

  • Butterfly Valves

  • Check Valves

  • Gate Valves

  • Globe Valves

  • Diaphragm Valves

  • Plug Valves

  • Safety Valves

BY COMPONENT

  • valve body

  • Actuators

  • others

BY MATERIALS

  • Alloy Based

  • Bronze

  • Cast Iron

  • Brass

  • Steel

  • Plastic

  • Cryogenic

  • Others

BY SIZE

  • Less than 1”

  • 6”

  • 7- 25”

  • 26- 50”

  • More than 50”

BY END-USER

  • Oil & Gas

  • Energy & Power

  • Chemicals

  • Pulp & Paper

  • Metals & Mining

  • Agriculture

  • Water & Wastewater Treatment

  • Food & Beverages

  • Building & Construction

  • Pharmaceuticals & Healthcare

  • Others

Industrial Valves Market Segment Pie Chart

REGIONAL ANALYSIS:

The industrial valve market is divided worldwide based on the North American region, the Asia-Pacific region, the European region, the Latin American region, and the Middle East and the African region. The largest market share of industrial valve market is Asia-Pacific region, that used to drive market demand in the region. The second largest market share in the industrial valve market is occupied by the Middle East and Africa region as the region is an oil-producing region and it is expected that the oil and gas industry will grow rapidly in the global market and production will grow rapidly. increase multiple wraps in the predicted time. The North American region holds the third largest market share in the industrial valve market due to the presence of key players who drive market demand in this region. In addition, increasing the use of industrial valves in various consumer industries also drives the market demand. The European region also shows a positive growth rate in the industrial valve market due to the presence of well-developed technological infrastructure. However, the small market share is dominated by the Latin American region due to the per capita income and low infrastructure.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Industrial Valves Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 73.8 Billion
Market Size by 2028 US$ 100.43 Billion
CAGR CAGR of 4.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Ball Valves, Butterfly Valves, Check Valves, Gate Valves, Globe Valves, Diaphragm Valves, Plug Valves, Safety Valves)
• By Component (Valve Body, Actuators, Others)
• By Materials (Alloy Based, Bronze, Cast Iron, Brass, Steel, Plastic, Cryogenic, Others)
• By Size(Less Than 1”, 1- 6”, 7- 25”, 26- 50”, More Than 50”)
• By End-Users (Oil & Gas, Energy & Power, Chemicals, Pulp & Paper, Metals & Mining, Agriculture, Water & Wastewater Treatment, Food & Beverages, Building & Construction, Pharmaceuticals & Healthcare, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Emerson Electric, Schlumberger, Flowserve Corporation, IMI plc, Neles Corporation, Spirax Sarco Limited, Crane, Conbraco Industries Inc, Kitz Corporation, Trillium Flow Technologies, Bray international and Others.
Key Drivers • Valve demand is increasing in the healthcare and pharmaceutical industries.
• Increasing demand for connected networks to maintain and monitor industrial equipment.
Restraints • Absence of standardized policies.


Frequently Asked Questions (FAQ) :

The market Size will be valued at USD 100 billion by 2028, and grow at a CAGR of 4.5% over the forecast period 2022-2028.

The market has been segmented with respect to type, component, material, size and End-user.

The key players in industrial valves are Emerson Electric, Schlumberger, Flowserve Corporation, IMI plc, Neles Corporation, Spirax Sarco Limited, Crane, Conbraco Industries Inc, Kitz Corporation, Trillium Flow Technologies, Bray international and Others.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Industrial Valves Market Segmentation, by type

8.1Introduction

8.2 Ball Valves

8.3 Butterfly Valves

8.4 Check Valves

8.5 Gate Valves

8.6 Globe Valves

8.7 Diaphragm Valves

8.8 Plug Valves

8.9 Safety Valves

 

9. Industrial Valves Market Segmentation, by component

9.1 Introduction

9.2 valve body

9.3 Actuators

9.4 others

 

10. Industrial Valves Market Segmentation, by materials

10.1 Introduction

10.2 Alloy Based

10.3 Bronze

10.4 Cast Iron

10.5 Brass

10.6 Steel

10.7 Plastic

10.8 Cryogenic

10.9 Others

 

11. Industrial Valves Market Segmentation, by size

11.1 Introduction

11.2 Less than 1”

11.3 1- 6”

11.4 7- 25”

11.5 26- 50”

11.6 More than 50”

 

12. Industrial Valves Market Segmentation, by End-User

12.1 Introduction

12.2 Oil & Gas

12.3 Energy & Power

12.4 Chemicals

12.5 Pulp & Paper

12.6 Metals & Mining

12.7 Agriculture

12.8 Water & Wastewater Treatment

12.9 Food & Beverages

12.10 Building & Construction

12.11 Pharmaceuticals & Healthcare

12.12Others

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

 

14.Company Profiles

14.1 Spirax Sarco Limited

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Emerson Electric

14.3 Schlumberger

14.4 Flowserve Corporation

14.5 IMI plc

14.6 Neles Corporation

14.7 Crane

14.8 Conbraco Industries Inc

14.9 Kitz Corporation

14.10 Trillium Flow Technologies

14.11 Bray international

14.12 Others

 

15.Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments

 

16.Conclusion

 

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Secondary Research

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