세계의 산업용 밸브 시장 규모는 예측 기간 2024-2031년에 7.92%의 CAGR로 확대하며, 2023년 718억 4,000만 달러에서 2031년에는 1,321억 8,000만 달러로 성장할 것으로 예측됩니다. 엄격한 노동 안전 정책과 건강 피해에 대한 의식의 향상에 따라 시장은 크게 성장하고 있습니다.
디지털 혁명 이후 산업용 밸브 생산은 빠르게 변화하고 있습니다. 산업용 사물인터넷(IIoT)은 센서, 연결성, 데이터 분석을 통합하여 산업용 밸브의 설계, 제조, 운영 및 유지보수를 혁신적으로 변화시키고 있습니다. 센서와 네트워크 기능을 갖춘 스마트 산업용 밸브는 성능, 온도, 압력 및 기타 중요한 특성에 대한 데이터를 실시간으로 수집할 수 있습니다. 이를 통해 원격 모니터링, 예지보전, 밸브 작동 최적화를 가능하게 합니다. 산업계가 성능과 내구성의 한계에 도전함에 따라 산업용 밸브 생산에 사용되는 재료와 제조 공정은 계속 변화할 것으로 예상됩니다. 전통적인 재료는 내마모성, 내식성, 내식성이 뛰어난 고급 합금, 복합재료, 세라믹으로 대체될 것으로 예상되며, 3D 프린팅으로 알려진 적층 가공는 복잡한 형상과 독특한 밸브 설계를 전례 없는 정밀도로 제작할 수 있습니다.
인더스트리 4.0, 공식적으로 4차 산업혁명 기반 기술로 알려진 스마트 팩토리는 공정을 자동화하고, 데이터를 분석하고, 지속적 으로 학습하는 기술입니다. 산업용 밸브에 스마트 기술을 통합하는 것은 예측 기간 중 매우 중요할 것으로 예상됩니다. 센서, 액추에이터 및 제어 시스템을 통합한 스마트 산업용 밸브는 자동으로 매개변수를 변경하고, 유량을 모니터링 및 제어하고, 누출을 식별할 수 있습니다. 실시간 최적화 및 중앙 제어 시스템과의 통신을 통해 산업용 밸브는 안전성을 높이고 에너지 소비를 줄이며 효율성을 향상시킬 수 있습니다.
세계의 산업용 밸브 시장에 대해 조사했으며, 시장의 개요와 제품 유형별, 재질별, 최종사용자 업계별, 기능별, 판매채널별, 지역별 동향 및 시장에 참여하는 기업의 개요 등을 제공하고 있습니다.
Global industrial valves market is projected to witness a CAGR of 7.92% during the forecast period 2024-2031, growing from USD 71.84 billion in 2023 to USD 132.18 billion in 2031. The market thrives substantially due to stringent occupational safety policies and rising awareness of health hazards.
The production of industrial valves has rapidly changed since the digital revolution. The Industrial Internet of Things (IIoT) transforms industrial valves' design, manufacturing, operation, and maintenance by integrating sensors, connectivity, and data analytics. Smart industrial valves with sensors and networking capabilities can obtain real-time data on performance, temperature, pressure, and other crucial characteristics. It allows remote monitoring, predictive maintenance, and optimized valve operations. The materials and manufacturing processes utilized in the production of industrial valves are expected to continue to change as industries push the limits of performance and durability. Traditional materials will be replaced by advanced alloys, composites, and ceramics that offer better resistance to wear, corrosion, and erosion. Intricate geometries and unique valve designs can be produced with previously unheard-of accuracy using additive manufacturing, also referred as 3D printing.
For instance, in May 2024, Viega LLC expanded its valve portfolio with the launch of 21 industrial valves across the ProPress, MegaPress, and PureFlow systems. Viega now has the most complete press portfolio available on the market. In September 2023, the company expanded its pipe fittings and industrial valves manufacturing facility with the announcement of its new facility in Ohio, United States, for the manufacturing of its leading products names, ProPress and MegaPress.
Smart Valve Technology and Automation to Fuel Market Growth
Smart factories powered by Industry 4.0, formally known as fourth industrial revolution-based technologies, automate processes, analyze data, and learn continuously. Incorporating smart technology into industrial valves is expected to be crucial in the forecast period. With incorporated sensors, actuators, and control systems, smart industrial valves can automatically modify parameters, monitor and control flow rates, and identify leaks. Through real-time optimization and communication of operation with central control systems, industrial valves can increase safety, lower energy consumption, and improve efficiency.
Numerous top valve vendors claim that automation and robotics are changing many facets of manufacturing, including the valve market. Advanced robotic systems are being used for precision machining, assembly, and quality control among the jobs. This has led to increased productivity, uniformity, and decreased human error. Faster production cycles, cost-effectiveness, and improved worker safety in dangerous locations are some of the benefits of automated operations.
For instance, in February 2024, Burkert Contromatic Corp. launched a range of easy to service direct-actin solenoid industrial valves. OEMs of various equipment, including commercial coffee makers and hot drink vending machines, are best suited for the new valve family. The industrial valves are useful for controlling the flow of water or saline flush in medical machines and can be used to channel detergents.
Wide Range of Applications and Technological Advancements to Fuel the Global Market
Growing investments in infrastructure development and automation across industries such as oil and gas, water and wastewater treatment, power generation, chemicals, and pharmaceuticals have garnered the sales of advanced valve systems. Increasing oil and gas exploration activities and stringent industrial emission regulations boost the demand for industrial valves in upstream, midstream, and downstream oil and gas operations. Rising demand from end-use industries, such as food and beverage, chemicals, pharmaceuticals, metal and mining, pulp and paper, and agriculture, require specialized industrial valves for their processes. The expanding chemical and petrochemical industry is adopting new valve systems as the requirement for steam and liquid control systems is rising.
For instance, in January 2024, Emerson Electric Co. launched a new relief valve for storage tank reliability. Its range of fisher safety industrial valves features a 2-inch version, allowing more precise control, simpler setup, and easier upkeep for smaller containers.
New integrated gadgets and technologies upgrade the valve technology. These gadgets allow industrial valves to be controlled in real-time. They can function in accordance with the data gathered, including pressure, temperature, and flow. The market further advances by Control and Data Acquisition Systems (SCADA) and Programmable Logic Controls (PLCs). Based on the information they get from sensors, PLCs may control industrial valves, and SCADA systems allow for remote monitoring and control. Failure prediction and valve performance can be optimized by integrating artificial intelligence and machine learning technologies.
Higher Consumption to Fuel Energy and Power Industry
The energy and power segment dominates the industrial valves market amongst the end-user industries and is projected to maintain its lead throughout the forecast period. Nations around the globe are facing challenges in meeting the escalating demand for energy, prompting the energy and power sector to explore methods for generating energy more quickly, safely, and efficiently with the least possible environmental footprint. The controlling function of industrial valves plays a critical role in power generation facilities. Within the energy and power sector, these industrial valves require precise shut-off mechanisms to manage high-quality slurry. Additionally, the discs must be easily replaceable, given that the slurries are often abrasive. As a result, specialized industrial valves are utilized in the energy and power sector for a variety of purposes.
For instance, in November 2023, Emerson Electric Co. unveiled ASCO Series 327C solenoid valve, boasting a direct-acting, high-performance design that offers an exceptional flow-to-power efficiency over its counterparts. The Series 327C's design incorporates a balanced poppet mechanism, allowing for high flow rates with minimal power requirements, rendering it perfect for applications in power plants, refineries, and chemical processing sites.
Asia-Pacific Dominates Industrial Valves Market
Based on region, Asia-Pacific leads the market share of global industrial valve market, and is expected to grow during the forecast period. Emerging economies such as China and India are fueling the market growth. The region is experiencing rapid industrialization, urbanization, and infrastructure development, especially in manufacturing, energy generation, and water management, driving strong demand for industrial valves across diverse end-use sectors.
The region's large and growing oil and gas exploration and production activities, and the expansion of power generation infrastructure are the major contributors to the surging demand for industrial valves. Increasing investments in water supply and sanitation projects, and water and wastewater infrastructure development in developing Asia-Pacific countries, are propelling the sales of industrial valves. Asia-Pacific manufacturers are rapidly adopting smart and automated industrial valves equipped with sensors and IIoT capabilities to optimize operations and reduce maintenance costs. The constant research and development in China has contributed to the industry's expansion in the region.
For instance, in May 2024, China National Nuclear Corporation's (CNNC's) China Nuclear Power Research & Design Institute and CNNC's Sufa Technology Industrial Company (STIC) jointly developed a stabilizer pilot safety valve engineering prototype. Such industrial valves are used in the reactor primary loop system and play a vital role in the safe operation of the nuclear power plant.
Future Market Scenario (2024 - 2031F)
Expanding industrial spaces, the advent of industrial 4.0, and the integration of smart manufacturing technology transform the market dynamics.
The usage of advanced materials such as ceramics and cryogenics is adding value to the growth of global industrial valves market.
New technologies such as automation, IoT, artificial intelligence are being integrated with valve systems to streamline functions, ensuring higher operability and limited errors.
The industrial boom and adoption of latest valve solutions in the chemical and petrochemical industry are projected to fuel the market growth during the forecast period.
Key Players Landscape and Outlook
Key participants in the global industrial valves market focus on using advanced materials, such as ceramic and carbon steel, along with designing the industrial valves with a future-ready approach. Companies focus on integrating vales with the latest technology and automation. Alongside, strategic partnerships, collaboration, acquisitions, and product launches are used as the major elements of the market's strategic landscape.
In May 2024, IMI plc launched its first control valve for urea plants, which is set to be installed at one of the major fertilizer plants in Middle East and Africa for the first time, later in the year. The recently developed urea valve leverages IMI's broad skill set in creating, setting up, and looking after industrial valves at power plants and oil and gas refineries, along with thorough interaction with the sector.
In 2023, AVK Maskinfabrik A/S secured a large valve order in Egypt. The recently developed urea valve leverages IMI's broad skill set in creating, setting up, and looking after industrial valves at power plants and oil and gas refineries, along with thorough interaction with the sector.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.