Industrial Valve Market Size Worth USD 152.33 Billion by 2034 | CAGR: 4.8%

The global industrial valve market size is expected to reach USD 152.33 billion by 2034, according to a new study by Polaris Market Research. The report “Industrial Valve Market Size, Share, Trends, Industry Analysis Report: By Valve Type, Fluid Type, Function (On/Off Valve and Control Valve), Material, End Use and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The industrial valve market plays a critical role in numerous sectors, including oil and gas, power generation, water treatment, and chemical processing. Industrial valves are essential components used to control, regulate, and direct the flow of fluids, gases, and slurries in pipelines and systems. The market for these valves is expanding as industries continue to modernize and invest in advanced infrastructure. Increasing energy demands, particularly in emerging economies, are propelling the need for reliable and efficient valve solutions in power generation plants and energy distribution systems. As these sectors continue to grow, the demand for industrial valves is intensifying.

Technological advancements in valve manufacturing are a key factor driving the market's growth. Innovations in materials and design have led to the production of valves that can withstand extreme pressure, temperature, and aggressive fluids, making them suitable for high-demand applications in critical industries. Moreover, the integration of Internet of Things (IoT) technologies is transforming the industry by enabling real-time monitoring of valves. IoT-enabled valves allow for predictive maintenance, reducing downtime and increasing operational efficiency, which is particularly valuable in industries where system reliability is crucial.

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The increasing focus on sustainability and energy-efficient solutions is also influencing market growth. Industrial valves are central to optimizing energy consumption and ensuring the safe, efficient operation of industrial processes. With continued advancements in both technology and infrastructure, the industrial valve market is expected to thrive, meeting the growing demands of a variety of industries worldwide.

Industrial Valve Market Report Highlights

• In terms of valve type, in 2024, the ball valve segment led the industrial valve market, primarily due to their adaptability, robust construction, and reliable sealing performance. This is particularly essential in industries such as oil and gas, water management, and manufacturing.
• In terms of end use, the water and wastewater treatment segment is anticipated to grow within the industrial valve market, driven by the rising global need for clean water resources and enhanced sanitation infrastructure.
• In 2024, Asia Pacific dominated the global market, driven by rapid industrialization, rising urbanization, and major infrastructure development across key economies such as China, India, and Southeast Asia.
• The North America industrial valve market is projected to grow at a significant rate during the forecast period, driven by strategic investments in infrastructure across key industries such as oil & gas, chemical processing, and power generation.
• A few global key market players include Emerson Electric Co.; Velan Inc.; AVK Water; BEL Valve Limited; SLB; Flowserve Corporation; KLINGER; GG Valve Private Limited; LESER GmbH & Co. KG; and Alfa Laval.

Polaris Market Research has segmented the industrial valve market report on the basis of valve type, fluid type, function, material, end use, and region:

By Valve Type Outlook (Revenue – USD Billion, 2020–2034)

• Gate Valve
• Globe Valve
• Ball Valve
• Butterfly Valve
• Safety Valve
• Plug Valve
• Other Valve

By Fluid Type Outlook (Revenue – USD Billion, 2020–2034)

• Liquid
• Gas
  • Natural Gas
  • Compressed Air
  • Industrial Gases
• Slurry Valve

By Function Outlook (Revenue – USD Billion, 2020–2034)

• On/Off Valve
• Control Valve

By Material Outlook (Revenue – USD Billion, 2020–2034)

• Steel
• Cast Iron
• Aluminum
• Alloy Based
• Plastic
• Other Materials

By End Use Outlook (Revenue – USD Billion, 2020–2034)

• Oil & Gas
• Water & Wastewater Treatment
• Energy & Power
• Pharmaceutical
• Food & Beverage
• Chemical
• Building & Construction
• Paper & Pulp
• Metal & Mining
• Agriculture
• Semiconductor
• Others

By Regional Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Industrial Valve Market Report Scope