Industrial Valve Market - Globe, Ball, Butterfly, Plug, Check, Gate, Diaphragm, Safety, Needle, Pinch, & Solenoid Valve, Fluid (Liquid, Gas, Slurry), Actuator (Electric, Pneumatic, Hydraulic), Material (Steel, Aluminum, Nickel) - Global Forecast to 2029
Market Report I 2024-10-16 I 347 Pages I MarketsandMarkets
The global Industrial Valve market was valued at USD 95.58 billion in 2024 and is projected to reach USD 121.67 billion by 2029; it is expected to register a CAGR of 4.9% during the forecast period. The rising demand for valves from the healthcare and pharmaceutical industries, the establishment of smart cities globally, the rapid deployment of connected networks to monitor valve conditions and predict system failure, and the increasing need to establish new power plants and revamp existing ones are the key driving factors for the industrial valves market.
"Control valve segment is expected to grow at the highest CAGR during the forecast period."
The industry is moving toward adopting automated valves and sophisticated monitoring technologies coordinated through a central control station. Control valves can be linked to an extended data network, enabling them to easily monitor an industrial plant's flow rates and operating conditions. For instance, in an oil & gas plant, connecting valves on a network allows distributed control, which enables operators to reconfigure piping and networking systems in the case of a blockage or damage to the pipeline network and ensures a safer working environment without stopping the production process.
"Energy & power segment is likely to hold the second largest market in 2024."
The energy & Power segment is expected to hold the second-largest share of the Industrial Valve market in 2024. The energy & power industry is witnessing a strong need to develop infrastructure to meet the growing energy demand. This trend allows manufacturers to design and develop their products adhering to industry requirements and standards. Valves, specifically with digital capabilities, are in demand for safety applications and critical operations.
"The North America segment to Hold second Largest market share in 2023"
The market in North America is to hold the second-largest market share in 2023. Key factor driving the North American market include increased R&D on actuators utilized in valves for automation and the increasing need for safety standards in industrial plants. R&D at the industry level is broadening the scope of industrial valve applications into the different industries, namely energy & power and chemical, within the US. Industrial valves are used as components in oil & gas, energy & power, and water & wastewater treatment industries to regulate the flow of the media through a system, to start and stop the flow, or to throttle it, ensuring safe and efficient process automation.
Breakdown of primaries
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type - Tier 1 - 40%, Tier 2 - 35%, Tier 3 - 25%
- By Designation- C-level Executives - 45%, Directors - 35%, Others - 20%
- By Region-North America - 30%, Europe - 25%, Asia Pacific - 40%, RoW - 5%
The Industrial Valve market is dominated by a few globally established players such as Emerson Electric Co. (US), SLB (US), Flowserve Corporation (US), IMI (UK), Valmet (Finland), Spirax Sarco Limited (UK), Crane Company (US), Kitz Corporation (Japan), KSB SE & CO. KGAA (Germany), Alfa Laval (Sweden), Curtiss-Wright Corporation (US), Parker Hannifin Corporation (US), Bray International (US), Baker Hughes Company (US), IDEX Corporation (US). The study includes an in-depth competitive analysis of these key players in the Industrial Valve market and their company profiles, recent developments, and key market strategies.
Research Coverage:
The report segments the Industrial Valve market and forecasts by valve type, Component, Material, Function, fluid Type, Size, pressure range, industry, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed market view across four main regions-North America, Europe, Asia Pacific, and RoW. A supply chain analysis has been included in the report, along with the key players and their competitive analysis of the Industrial Valve ecosystem.
Key Benefits to Buy the Report:
- Analysis of key drivers (Rising demand for valves from healthcare and pharmaceutical industries, Increasing need to establish new power plants and revamp existing ones, Rapid deployment of connected networks to monitor valve conditions and predict system failure, and Shifting focus of process industries toward adoption of automation solutions). Restraint (High capital investment and low-profit margin due to varying valve standards across regions, Customer dissatisfaction owing to higher lead time and late order delivery ), Opportunity (Integration of industrial valves with IIoT and Industry 4.0, Rising demand for AI-integrated valves for intelligent water supply, and Increasing adoption of smart valves as replacement for outdated valves ), Challenges (Focus of valve manufacturers on acquisitions affecting profit margins and cash flow, Fierce competition owing to reduced product differentiation).
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the Industrial Valve market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the Industrial Valve market across varied regions.
- Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the Industrial Valve market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Emerson Electric Co. (US), SLB (US), Flowserve Corporation (US), IMI (UK), Valmet (Finland), Spirax Sarco Limited (UK), Crane Company (US), Kitz Corporation (Japan), KSB SE & CO. KGAA (Germany), Alfa Laval (Sweden), Curtiss-Wright Corporation (US), Parker Hannifin Corporation (US), Bray International (US), Baker Hughes Company (US), IDEX Corporation (US) among others in the Industrial Valve market
1 INTRODUCTION 33
1.1 STUDY OBJECTIVES 33
1.2 MARKET DEFINITION 33
1.3 STUDY SCOPE 34
1.3.1 SEGMENTS CONSIDERED 34
1.3.2 INCLUSIONS AND EXCLUSIONS 35
1.3.3 YEARS CONSIDERED 36
1.3.4 CURRENCY CONSIDERED 36
1.3.5 UNIT CONSIDERED 36
1.4 MARKET STAKEHOLDERS 36
1.5 SUMMARY OF CHANGES 37
2 RESEARCH METHODOLOGY 38
2.1 INTRODUCTION 38
2.1.1 SECONDARY DATA 40
2.1.1.1 List of major secondary sources 40
2.1.1.2 Key data from secondary sources 40
2.1.2 PRIMARY DATA 40
2.1.2.1 Breakdown of primaries 41
2.1.2.2 Key data from primary sources 41
2.1.3 SECONDARY AND PRIMARY RESEARCH 42
2.1.3.1 Key industry insights 43
2.2 MARKET SIZE ESTIMATION 43
2.2.1 BOTTOM-UP APPROACH 44
2.2.1.1 Approach for arriving at market size using bottom-up approach 44
2.2.2 TOP-DOWN APPROACH 45
2.2.2.1 Approach for arriving at market size using top-down approach 45
2.3 DATA TRIANGULATION 46
2.4 STUDY ASSUMPTIONS 47
2.5 RESEARCH LIMITATIONS 47
2.6 RISK ASSESSMENT 48
3 EXECUTIVE SUMMARY 49
4 PREMIUM INSIGHTS 54
4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL VALVES MARKET 54
4.2 INDUSTRIAL VALVES MARKET, BY LINEAR VALVE, 2024 VS. 2029 (USD MILLION) 55
4.3 INDUSTRIAL VALVES MARKET, BY FLUID TYPE, 2024 VS. 2029 (USD MILLION) 55
4.4 INDUSTRIAL VALVES MARKET, BY PRESSURE RANGE, 2024 VS. 2029 (USD MILLION) 56
4.5 INDUSTRIAL VALVES MARKET, BY MATERIAL, 2024 VS. 2029 (USD MILLION) 56
4.6 INDUSTRIAL VALVES MARKET, BY END-USE INDUSTRY, 2024 VS. 2029 (USD MILLION) 57
4.7 INDUSTRIAL VALVES MARKET, BY COUNTRY, 2024 VS. 2029 58
4.8 INDUSTRIAL VALVES MARKET, BY REGION, 2024 VS. 2029 (USD MILLION) 58
5 MARKET OVERVIEW 59
5.1 INTRODUCTION 59
5.2 MARKET DYNAMICS 59
5.2.1 DRIVERS 60
5.2.1.1 Rising demand from healthcare and pharmaceutical industries 60
5.2.1.2 Increasing need to establish new power plants and revamp existing ones 60
5.2.1.3 Growing use of connected networks and smart industrial valves 61
5.2.1.4 Inclusion of automation solutions in process industries 61
5.2.1.5 Establishment of smart cities 62
5.2.2 RESTRAINTS 63
5.2.2.1 High capital investments and low profit margins 63
5.2.2.2 Customer dissatisfaction due to longer lead time and late order delivery 64
5.2.3 OPPORTUNITIES 64
5.2.3.1 Integration of industrial valves with IIoT and Industry 4.0 64
5.2.3.2 Rising demand for AI-integrated valves for intelligent water supply 65
5.2.3.3 Use of 3D printing technique in industrial valves 66
5.2.3.4 Increasing number of refineries and petrochemical and chemical plants 66
5.2.3.5 Shifting focus of valve manufacturers toward better maintenance and aftermarket services 67
5.2.3.6 Increasing adoption of smart valves as replacement for outdated valves 67
5.2.4 CHALLENGES 69
5.2.4.1 Reduction in competitive rivalry and disruptions in market hierarchy 69
5.2.4.2 Fierce market competition and influence of local valve manufacturers 69
5.2.4.3 Unplanned plant downtime due to valve malfunctioning 69
5.2.4.4 High cost of valve manufacturing 70
5.3 VALUE CHAIN ANALYSIS 71
5.4 ECOSYSTEM ANALYSIS 72
5.5 INVESTMENT AND FUNDING SCENARIO 75
5.6 PRICING ANALYSIS 75
5.6.1 COMPANY-WISE INDICATIVE SELLING PRICE OF INDUSTRIAL VALVES, BY VALVE TYPE 75
5.6.2 AVERAGE SELLING PRICE OF INDUSTRIAL VALVES, 2020-2023 76
5.6.3 AVERAGE SELLING PRICE OF INDUSTRIAL VALVES OFFERED BY KEY PLAYERS, BY TYPE 77
5.6.4 INDICATIVE PRICE TREND OF INDUSTRIAL VALVES, BY REGION 78
5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 79
5.8 TECHNOLOGY ANALYSIS 79
5.8.1 KEY TECHNOLOGIES 79
5.8.1.1 Industrial internet of things (IIoT) 79
5.8.2 ADJACENT TECHNOLOGIES 80
5.8.2.1 Digitalization and artificial intelligence 80
5.8.3 COMPLEMENTARY TECHNOLOGIES 81
5.8.3.1 Valve condition monitoring 81
5.9 PORTER'S FIVE FORCES ANALYSIS 81
5.9.1 BARGAINING POWER OF SUPPLIERS 82
5.9.2 BARGAINING POWER OF BUYERS 82
5.9.3 THREAT OF NEW ENTRANTS 82
5.9.4 THREAT OF SUBSTITUTES 82
5.9.5 INTENSITY OF COMPETITIVE RIVALRY 83
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 83
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 83
5.10.2 KEY BUYING CRITERIA 84
5.11 CASE STUDY ANALYSIS 85
5.12 TRADE ANALYSIS 87
5.12.1 IMPORT DATA FOR HS CODE 8481 87
5.12.2 EXPORT DATA FOR HS CODE 8481 88
5.13 PATENT ANALYSIS 89
5.13.1 NUMBER OF PATENTS GRANTED 89
5.13.2 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2014-2023 89
5.13.3 TOP 20 PATENT OWNERS 90
5.13.4 LIST OF MAJOR PATENTS 91
5.14 KEY CONFERENCES AND EVENTS, 2024-2026 92
5.15 TARIFF, REGULATION, AND STANDARD ANALYSIS 93
5.15.1 TARIFF FOR PRESSURE-REDUCING VALVES 93
5.15.2 REGULATIONS AND STANDARDS 94
5.15.2.1 Regulatory bodies, government agencies, and other organizations 94
5.15.2.2 Regulatory standards 96
5.16 IMPACT OF AI/GEN AI ON INDUSTRIAL VALVES MARKET 97
5.16.1 AI-SPECIFIC USE CASES 98
5.16.2 FUTURE OF GENERATIVE AI IN VALVE ECOSYSTEM 98
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6 INDUSTRIAL VALVES MARKET, BY VALVE SEALING 99
6.1 INTRODUCTION 99
6.2 SOFT SEATED VALVES 100
6.2.1 COST-EFFECTIVENESS AND ZERO LEAKAGE TO PROPEL MARKET DEMAND 100
6.3 METAL SEATED VALVES 101
6.3.1 INCREASED DURABILITY IN HIGH-TEMPERATURE, HIGH-PRESSURE, AND CORROSIVE ENVIRONMENTS TO BOOST MARKET GROWTH 101
6.4 PACKING SEATED VALVES 102
6.4.1 BETTER ADAPTABILITY, VERSATILITY, AND FLEXIBILITY TO SPUR MARKET GROWTH 102
7 INDUSTRIAL VALVES MARKET, BY VALVE TYPE 103
7.1 INTRODUCTION 104
7.2 ROTARY VALVES 105
7.2.1 BALL VALVES 108
7.2.1.1 Tight sealing and low operating torque to drive demand 108
7.2.1.2 Trunnion-mounted ball valves 109
7.2.1.3 Floating ball valves 109
7.2.1.4 Rising stem ball valves 109
7.2.2 BUTTERFLY VALVES 111
7.2.2.1 Cost-effectiveness and compact design to boost market growth 111
7.2.2.2 Zero-offset butterfly valves 112
7.2.2.3 Double-offset butterfly valves 112
7.2.2.4 Triple-offset butterfly valves 112
7.2.3 PLUG VALVES 114
7.2.3.1 Easy sealing and isolation to boost adoption in wastewater treatment plants 114
7.3 LINEAR VALVES 116
7.3.1 GLOBE VALVES 121
7.3.1.1 Use in high-pressure systems to support segmental growth 121
7.3.2 DIAPHRAGM VALVES 123
7.3.2.1 Ability to handle corrosive fluids, fibrous slurries, and radioactive fluids to aid market growth 123
7.3.3 GATE VALVES 125
7.3.3.1 Easy flow of media to boost demand in oil & gas and petrochemical applications 125
7.3.3.2 Standard plate gate valves 127
7.3.3.3 Wedge-type gate valves 127
7.3.3.4 Knife gate valves 127
7.3.4 SAFETY VALVES 127
7.3.4.1 Rising demand from oil & gas, energy & power, and chemical industries to propel segmental growth 127
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7.3.5 CHECK VALVES 129
7.3.5.1 Ability to prevent reversal pipeline flow to stimulate demand for check valves 129
7.3.6 NEEDLE VALVES 131
7.3.6.1 Needle valves to offer precise flow control in oil & gas, pharmaceuticals, and water industries 131
7.3.7 PINCH VALVES 133
7.3.7.1 Pinch valves to offer reliable flow control for abrasive materials in mining and water treatment industries 133
7.3.8 SOLENOID VALVES 135
7.3.8.1 High demand for efficient fluid control systems to augment market growth 135
8 INDUSTRIAL VALVES MARKET, BY FLUID TYPE 138
8.1 INTRODUCTION 139
8.2 LIQUID 140
8.2.1 NEED FOR EFFECTIVE WATER TREATMENT AND WASTEWATER MANAGEMENT TO SUPPORT MARKET GROWTH 140
8.2.2 WATER VALVES 140
8.2.3 OIL VALVES 141
8.2.4 CHEMICAL VALVES 141
8.3 GAS 142
8.3.1 ADVANCED GAS VALVE SYSTEMS TO ENHANCE SAFETY AND PERFORMANCE IN INDUSTRIAL APPLICATIONS 142
8.3.2 NATURAL GAS 144
8.3.2.1 Natural gases to boost demand for industrial valves in extraction and distribution 144
8.3.2.2 Methane 144
8.3.2.3 Ethane 144
8.3.2.4 Propane 145
8.3.3 COMPRESSED AIR 145
8.3.3.1 Demand for compressed air valves to increase with automation and industrial processes 145
8.3.4 INDUSTRIAL GAS 145
8.3.4.1 Demand for industrial gas valves to rise with increased energy needs and improved safety regulations 145
8.3.4.2 Hydrogen 145
8.3.4.2.1 Increased adoption of clean energy and expansion of hydrogen infrastructure to aid segment growth 145
8.3.4.3 Nitrogen 146
8.3.4.3.1 Increased need for industrial applications to spur segment growth 146
8.3.4.4 Oxygen 146
8.3.4.4.1 Increasing urbanization and infrastructure development to fuel segment growth 146
8.3.4.5 Other industrial gases 146
8.4 SLURRY VALVES 147
8.4.1 ABILITY TO HANDLE CORROSIVE FLUIDS AND FIBROUS SLURRIES TO PROPEL MARKET DEMAND 147
8.4.2 CEMENT 148
8.4.3 SLUDGE 149
9 INDUSTRIAL VALVES MARKET, BY COMPONENT 150
9.1 INTRODUCTION 151
9.2 ACTUATORS 152
9.2.1 REDUCED MAINTENANCE COST, INCREASED UPTIME, AND ENHANCED PLANT SAFETY TO DRIVE DEMAND 152
9.2.2 PNEUMATIC ACTUATORS 152
9.2.2.1 Greater focus on automation, energy efficiency, and cost-effectiveness to drive market 152
9.2.2.2 Diaphragm actuators 152
9.2.2.3 Piston actuators 153
9.2.3 ELECTRIC ACTUATORS 153
9.2.3.1 Wide use in water and wastewater treatment and chemical plants to boost segmental growth 153
9.2.4 HYDRAULIC ACTUATORS 153
9.2.4.1 Integration of hydraulic actuators in HVAC, fire protection, and irrigation systems to propel growth 153
9.3 VALVE BODIES 154
9.3.1 IMPROVED CORROSION RESISTANCE AND ENHANCED CHEMICAL COMPATIBILITY TO FUEL SEGMENT GROWTH 154
9.4 OTHER COMPONENTS 154
10 INDUSTRIAL VALVES MARKET, BY FUNCTION 155
10.1 INTRODUCTION 156
10.2 ON/OFF VALVES 157
10.2.1 INCREASING USE IN THROTTLING APPLICATIONS TO DRIVE MARKET 157
10.3 CONTROL VALVES 158
10.3.1 NEED TO CONTROL TEMPERATURE, FLOW, AND PRESSURE IN INDUSTRIAL PROCESSES TO FAVOR MARKET GROWTH 158
10.3.2 MODULATING VALVES 158
10.3.3 POSITION-CONTROLLED VALVES 159
10.3.3.1 Quarter-turn valves 159
10.3.3.2 Multi-turn valves 159
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11 INDUSTRIAL VALVES MARKET, BY MATERIAL 160
11.1 INTRODUCTION 161
11.2 STEEL 163
11.2.1 RESISTANCE TO STRESS CORROSION CRACKING TO DRIVE ADOPTION IN NATURAL GAS SECTOR 163
11.3 CAST IRON 164
11.3.1 GROWING ADOPTION IN WATER AND WASTEWATER TREATMENT FACILITIES TO BOOST MARKET DEMAND 164
11.4 ALUMINUM 164
11.4.1 LIGHTWEIGHT AND LOW-DENSITY MATERIAL TO BE USED IN AEROSPACE AND AUTOMOBILE INDUSTRY 164
11.5 ALLOY-BASED 165
11.5.1 EFFECTIVE ROLE IN MANAGING HIGH PRESSURE, TEMPERATURE, AND CORROSION IN PRODUCTION PROCESS TO FUEL MARKET GROWTH 165
11.5.2 NICKEL-ALUMINUM 165
11.5.3 NICKEL-CHROMIUM 165
11.6 PLASTIC 165
11.6.1 HIGH DURABILITY AND ENHANCED CORROSION RESISTANCE TO DRIVE DEMAND 165
11.7 OTHER MATERIALS 166
11.7.1 BRONZE 166
11.7.2 BRASS 166
12 INDUSTRIAL VALVES MARKET, BY SIZE 167
12.1 INTRODUCTION 168
12.2 <1 170
12.2.1 INCREASING NEED FOR COMPACT AND EFFECTIVE TECHNOLOGIES TO DRIVE MARKET 170
12.3 1-6 170
12.3.1 COMPACT SIZE TO INCREASE ADOPTION IN OIL & GAS AND CHEMICAL INDUSTRIES 170
12.4 6-25 170
12.4.1 INCREASING ADOPTION IN OIL & GAS TO CREATE OPPORTUNITIES FOR VALVE PROVIDERS 170
12.5 25-50 171
12.5.1 GROWING NEED FOR FUNCTIONAL VALVES IN HIGH-TEMPERATURE AND HIGH-PRESSURE ENVIRONMENTS TO PROPEL MARKET GROWTH 171
12.6 >50 171
12.6.1 INCREASED ADOPTION OF HIGH-CAPACITY SYSTEMS TO BOOST MARKET DEMAND 171
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13 INDUSTRIAL VALVES MARKET, BY PRESSURE RANGE 172
13.1 INTRODUCTION 173
13.2 <50 BAR 175
13.2.1 INCREASING NEED FOR < 50 BAR VALVES FOR HVAC CONTROL TO DRIVE MARKET 175
13.3 >50 TO 350 BAR 175
13.3.1 RISING FOCUS ON SMART MANUFACTURING PROCESSES TO ENCOURAGE MARKET GROWTH 175
13.4 >350 TO 700 BAR 175
13.4.1 RISING DEMAND FOR HIGH-PRESSURE PROCESSES IN CHEMICAL AND PHARMACEUTICAL INDUSTRIES TO DRIVE MARKET 175
13.5 >700 TO 1000 BAR 176
13.5.1 GROWING NEED FOR FUNCTIONAL VALVES IN HIGH-PRESSURE ENVIRONMENT TO PROPEL MARKET GROWTH 176
13.6 >1000 BAR 176
13.6.1 ADVANCEMENTS IN HIGH-PERFORMANCE AND PRECISION MANUFACTURING TO DRIVE DEMAND 176
14 INDUSTRIAL VALVES MARKET, BY END-USE INDUSTRY 177
14.1 INTRODUCTION 178
14.2 OIL & GAS 180
14.2.1 RISING DEMAND IN TRANSPORTATION SECTOR TO FOSTER MARKET GROWTH 180
14.2.2 UPSTREAM 181
14.2.3 MIDSTREAM 181
14.2.4 DOWNSTREAM 182
14.3 WATER & WASTEWATER TREATMENT 184
14.3.1 HIGH INVESTMENTS IN ESTABLISHING WATER TREATMENT PLANTS TO PROPEL MARKET GROWTH 184
14.3.2 WATER DISTRIBUTION SYSTEMS 184
14.3.3 DESALINATION UNITS 184
14.4 ENERGY & POWER 187
14.4.1 INCREASING ENERGY DEMAND IN EMERGING ECONOMIES TO BOOST MARKET 187
14.4.2 CONVENTIONAL POWER PLANTS 187
14.4.3 RENEWABLE ENERGY PLANTS 188
14.5 PHARMACEUTICAL 190
14.5.1 AUTOMATION IN PHARMA COMPANIES TO REDUCE DRUG SHORTAGE AND INCREASE DEMAND FOR INDUSTRIAL VALVES 190
14.5.2 STERILIZATION PROCESS 190
14.5.3 PACKAGING & FILLING 191
14.6 FOOD & BEVERAGE 193
14.6.1 NEED FOR LEAKPROOF AND CLEAN CONTAINERS TO AUGMENT MARKET GROWTH 193
14.6.2 BEVERAGE PRODUCTION 193
14.6.3 DIARY PRODUCTION 193
14.7 CHEMICAL 195
14.7.1 VALVES IN CHEMICAL INDUSTRY TO REDUCE EMISSIONS, INCREASE PLANT SAFETY, AND PROTECT ENVIRONMENT 195
14.7.2 BATCH PROCESSING 196
14.7.3 FILTRATION PROCESS 196
14.8 BUILDING & CONSTRUCTION 198
14.8.1 INCREASING INFRASTRUCTURAL INVESTMENTS AND GROWING FOCUS ON BETTER SAFETY STANDARDS TO AID MARKET GROWTH 198
14.8.2 HVAC APPLICATION 198
14.8.3 FIRE PROTECTION 199
14.9 PAPER & PULP 201
14.9.1 NEED TO PRODUCE HIGH-QUALITY PRODUCTS WITH LESS ENERGY CONSUMPTION TO INCREASE DEMAND FOR VALVES 201
14.9.2 PAPER FORMATION 202
14.9.3 BLENDING 202
14.10 METAL & MINING 204
14.10.1 INDUSTRIAL VALVES IN MINING OPERATIONS TO HELP SELF-DIAGNOSE PLANTS AND ENSURE EFFICIENT OPERATIONS 204
14.10.2 HYDROMETALLURGY 207
14.10.3 CONVEYOR SYSTEMS 208
14.11 AGRICULTURE 208
14.11.1 RISING USE OF INDUSTRIAL VALVES IN IRRIGATION APPLICATIONS TO SPUR DEMAND 208
14.11.2 SPRINKLER SYSTEMS 208
14.11.3 WATER STORAGE TANKS 208
14.12 SEMICONDUCTOR 211
14.12.1 RISING DEMAND FOR SEMICONDUCTOR CHIPS FROM ELECTRONICS AND AUTOMOBILE MANUFACTURING COMPANIES TO DRIVE MARKET 211
14.12.2 WAFER PROCESSING 211
14.12.3 VACUUM SYSTEMS 211
14.13 OTHER END-USE INDUSTRIES 213
15 INDUSTRIAL VALVES MARKET, BY REGION 216
15.1 INTRODUCTION 217
15.2 NORTH AMERICA 219
15.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA 219
15.2.2 US 222
15.2.2.1 US to command largest share in North American industrial valves market during study period 222
15.2.3 CANADA 223
15.2.3.1 Favorable government policies and developed mining industry to propel market growth 223
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15.2.4 MEXICO 223
15.2.4.1 Thriving semiconductor industry and availability of cheap labor to boost market growth 223
15.3 EUROPE 224
15.3.1 MACROECONOMIC OUTLOOK FOR EUROPE 224
15.3.2 UK 228
15.3.2.1 Strong regulatory framework and developed pharmaceutical industry to drive market 228
15.3.3 GERMANY 228
15.3.3.1 Rising adoption of industrial valves by process industries to stimulate market growth 228
15.3.4 FRANCE 228
15.3.4.1 Focus on renewable energy development to drive demand for industrial valves 228
15.3.5 ITALY 229
15.3.5.1 Increasing investments in refurbishing and retrofitting water & wastewater treatment plants to support market growth 229
15.3.6 REST OF EUROPE 229
15.4 ASIA PACIFIC 230
15.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC 230
15.4.2 CHINA 234
15.4.2.1 Developed industrial base and increased medical needs to augment market growth 234
15.4.3 JAPAN 234
15.4.3.1 Increasing focus on renewable energy projects to boost requirement for industrial valves 234
15.4.4 SOUTH KOREA 234
15.4.4.1 Growing focus on developing hydrogen industry to propel market growth 234
15.4.5 INDIA 235
15.4.5.1 Increasing investments in oil & gas and manufacturing sectors to stimulate market growth 235
15.4.6 REST OF ASIA PACIFIC 235
15.5 REST OF THE WORLD 235
15.5.1 MACROECONOMIC OUTLOOK FOR REST OF THE WORLD 235
15.5.2 MIDDLE EAST 238
15.5.2.1 Booming oil & gas and chemical industries to increase demand for industrial valves 238
15.5.2.2 GCC Countries 238
15.5.2.2.1 Rising investments in oil & gas, petrochemical, and water management sectors to aid market growth 238
15.5.3 SOUTH AMERICA 239
15.5.3.1 Increasing FDI and rising per capita income to aid market growth 239
15.5.4 AFRICA 239
15.5.4.1 Increasing investments for better water management infrastructure to generate market opportunities 239
16 COMPETITIVE LANDSCAPE 240
16.1 INTRODUCTION 240
16.2 STRATEGIES ADOPTED BY KEY PLAYERS IN INDUSTRIAL VALVES MARKET 240
16.3 REVENUE ANALYSIS, 2020-2023 242
16.4 MARKET SHARE ANALYSIS, 2023 243
16.5 COMPANY VALUATION AND FINANCIAL METRICS 246
16.6 BRAND/PRODUCT COMPARISON 247
16.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 248
16.7.1 STARS 248
16.7.2 EMERGING LEADERS 248
16.7.3 PERVASIVE PLAYERS 248
16.7.4 PARTICIPANTS 248
16.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 250
16.7.5.1 Company footprint 250
16.7.5.2 Valve type footprint 251
16.7.5.3 Fluid type footprint 252
16.7.5.4 End-use industry footprint 253
16.7.5.5 Region footprint 254
16.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 255
16.8.1 PROGRESSIVE COMPANIES 255
16.8.2 RESPONSIVE COMPANIES 255
16.8.3 DYNAMIC COMPANIES 255
16.8.4 STARTING BLOCKS 255
16.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 257
16.8.5.1 Detailed list of key startups/SMEs 257
16.8.5.2 Competitive benchmarking of key startups/SMEs 257
16.8.5.2.1 Competitive benchmarking, by type 257
16.8.5.2.2 Competitive benchmarking, by fluid type 258
16.8.5.2.3 Competitive benchmarking, by end-use industry 259
16.8.5.2.4 Competitive benchmarking, by region 260
16.9 COMPETITIVE SCENARIO 261
16.9.1 PRODUCT LAUNCHES 261
16.9.2 DEALS 263
16.9.3 EXPANSIONS 264
16.9.4 OTHER DEVELOPMENTS 265
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17 COMPANY PROFILES 266
17.1 KEY PLAYERS 266
17.1.1 EMERSON ELECTRIC CO. 266
17.1.1.1 Business overview 266
17.1.1.2 Products offered 268
17.1.1.3 Recent developments 269
17.1.1.3.1 Product launches 269
17.1.1.4 MnM view 270
17.1.1.4.1 Key strengths/Right to win 270
17.1.1.4.2 Strategic choices 270
17.1.1.4.3 Weaknesses/Competitive threats 270
17.1.2 SLB 271
17.1.2.1 Business overview 271
17.1.2.2 Products offered 272
17.1.2.3 Recent developments 273
17.1.2.3.1 Expansions 273
17.1.2.4 MnM view 274
17.1.2.4.1 Key strengths/Right to win 274
17.1.2.4.2 Strategic choices 274
17.1.2.4.3 Weaknesses/Competitive threats 274
17.1.3 FLOWSERVE CORPORATION 275
17.1.3.1 Business overview 275
17.1.3.2 Products offered 276
17.1.3.3 Recent developments 278
17.1.3.3.1 Product launches 278
17.1.3.3.2 Other developments 278
17.1.3.4 MnM View 279
17.1.3.4.1 Key strengths/Right to win 279
17.1.3.4.2 Strategic choices 279
17.1.3.4.3 Weaknesses/Competitive threats 279
17.1.4 IMI 280
17.1.4.1 Business overview 280
17.1.4.2 Products offered 281
17.1.4.3 Recent developments 282
17.1.4.3.1 Product launches 282
17.1.4.3.2 Expansions 283
17.1.4.4 MnM view 283
17.1.4.4.1 Key strengths/Right to win 283
17.1.4.4.2 Strategic choices 283
17.1.4.4.3 Weaknesses/Competitive threats 283
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17.1.5 CRANE COMPANY 284
17.1.5.1 Business overview 284
17.1.5.2 Products offered 285
17.1.5.3 Recent developments 286
17.1.5.3.1 Expansions 286
17.1.5.4 MnM view 287
17.1.5.4.1 Key strengths/Right to win 287
17.1.5.4.2 Strategic choices 287
17.1.5.4.3 Weaknesses/Competitive threats 287
17.1.6 VALMET 288
17.1.6.1 Business overview 288
17.1.6.2 Products offered 289
17.1.6.3 Recent developments 290
17.1.6.3.1 Deals 290
17.1.7 SPIRAX SARCO LIMITED 291
17.1.7.1 Business overview 291
17.1.7.2 Products offered 292
17.1.7.3 Recent developments 293
17.1.7.3.1 Deals 293
17.1.8 KITZ CORPORATION 294
17.1.8.1 Business overview 294
17.1.8.2 Products offered 295
17.1.9 KSB SE & CO. KGAA 297
17.1.9.1 Business overview 297
17.1.9.2 Products offered 298
17.1.9.3 Recent developments 299
17.1.9.3.1 Product launches 299
17.1.9.3.2 Expansions 300
17.1.10 ALFA LAVAL 301
17.1.10.1 Business overview 301
17.1.10.2 Products offered 302
17.1.10.3 Recent developments 303
17.1.10.3.1 Deals 303
17.1.10.3.2 Other developments 303
17.1.11 CURTISS-WRIGHT CORPORATION 304
17.1.11.1 Business overview 304
17.1.11.2 Products offered 305
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17.1.12 PARKER HANNIFIN CORP. 307
17.1.12.1 Business overview 307
17.1.12.2 Products offered 308
17.1.12.3 Recent developments 309
17.1.12.3.1 Product launches 309
17.1.12.3.2 Deals 310
17.1.13 BRAY INTERNATIONAL 311
17.1.13.1 Business overview 311
17.1.13.2 Products offered 311
17.1.14 BAKER HUGHES COMPANY 312
17.1.14.1 Business overview 312
17.1.14.2 Products offered 313
17.1.15 IDEX 314
17.1.15.1 Business overview 314
17.1.15.2 Products offered 315
17.1.15.3 Recent developments 316
17.1.15.3.1 Deals 316
17.2 OTHER KEY PLAYERS 317
17.2.1 CIRCOR INTERNATIONAL, INC. 317
17.2.2 ROTORK 318
17.2.3 NEWAY VALVE 319
17.2.4 VELAN INC. 320
17.2.5 DANFOSS 321
17.2.6 GEORG FISCHER LTD. 322
17.2.7 SAMSONCONTROLS.NET 323
17.2.8 AVK HOLDING A/S 324
17.2.9 KLINGER HOLDING 325
17.2.10 TRILLIUM FLOW TECHNOLOGIES 326
17.3 OTHER PLAYERS 327
17.3.1 EBRO ARMATUREN GEBR. BROER GMBH 327
17.3.2 VALVITALIA SPA 328
17.3.3 GEFA PROCESSTECHNIK GMBH 329
17.3.4 AVCON CONTROLS PVT LTD. 330
17.3.5 FORBES MARSHALL 331
17.3.6 FRENSTAR 332
17.3.7 HAM-LET GROUP 333
17.3.8 DWYER INSTRUMENTS, LLC 334
17.3.9 APOLLO VALVES 335
17.3.10 NOVEL VALVES INDIA PVT. LTD 336
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18 APPENDIX 337
18.1 INSIGHTS FROM INDUSTRY EXPERTS 337
18.2 DISCUSSION GUIDE 338
18.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 343
18.4 CUSTOMIZATION OPTIONS 345
18.5 RELATED REPORTS 345
18.6 AUTHOR DETAILS 346
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