Industrial Valve Market Size, Share, Trends, Industry Analysis Report: By Valve Type, Fluid Type, Function, Material, End Use, and Region - Market Forecast, 2025-2034
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.
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
Table of Contents
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Industrial Valve Market Insights
4.1. Industrial Valve Market - Material Snapshot
4.2. Industrial Valve Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising Demand from Healthcare and Pharmaceutical Industry
4.2.1.2. Growing Use of Connected Networks and Smart Industrial Valve
4.2.2. Restraints and Challenges
4.2.2.1. High Capital Investments and Low Profile Margins
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Industrial Valve Market Material Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Industrial Valve Market, by Valve Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Industrial Valve Market, by Valve Type, 2020-2034 (USD Billion)
5.3. Gate Valve
5.3.1. Global Industrial Valve Market, by Gate Valve, by Region, 2020-2034 (USD Billion)
5.4. Globe Valve
5.4.1. Global Industrial Valve Market, by Globe Valve, by Region, 2020-2034 (USD Billion)
5.5. Ball Valve
5.5.1. Global Industrial Valve Market, by Ball Valve, by Region, 2020-2034 (USD Billion)
5.6. Butterfly Valve
5.6.1. Global Industrial Valve Market, by Butterfly Valve, by Region, 2020-2034 (USD Billion)
5.7. Safety Valve
5.7.1. Global Industrial Valve Market, by Safety Valve, by Region, 2020-2034 (USD Billion)
5.8. Plug Valve
5.8.1. Global Industrial Valve Market, by Plug Valve, by Region, 2020-2034 (USD Billion)
5.9. Other Valve
5.9.1. Global Industrial Valve Market, by Other Valve, by Region, 2020-2034 (USD Billion)
6. Global Industrial Valve Market, by Fluid Type
6.1. Key Findings
6.2. Introduction
6.2.1. Global Industrial Valve Market, by Fluid Type, 2020-2034 (USD Billion)
6.3. Liquid
6.3.1. Global Industrial Valve Market, by Liquid, by Region, 2020-2034 (USD Billion)
6.4. Gas
6.4.1. Global Industrial Valve Market, by Gas, by Region, 2020-2034 (USD Billion)
6.4.2. Natural Gas
6.4.2.1. Global Industrial Valve Market, by Natural Gas, by Region, 2020-2034 (USD Billion)
6.4.3. Compressed Air
6.4.3.1. Global Industrial Valve Market, by Compressed Air, by Region, 2020-2034 (USD Billion)
6.4.4. Industrial Gases
6.4.4.1. Global Industrial Valve Market, by Industrial Gases, by Region, 2020-2034 (USD Billion)
6.5. Slurry Valve
6.5.1. Global Industrial Valve Market, by Slurry Valve, by Region, 2020-2034 (USD Billion)
7. Global Industrial Valve Market, by Function
7.1. Key Findings
7.2. Introduction
7.2.1. Global Industrial Valve Market, by Function, 2020-2034 (USD Billion)
7.3. On/Off Valve
7.3.1. Global Industrial Valve Market, by On/Off Valve, by Region, 2020-2034 (USD Billion)
7.4. Control Valve
7.4.1. Global Industrial Valve Market, by Control Valve, by Region, 2020-2034 (USD Billion)
8. Global Industrial Valve Market, by Material
8.1. Key Findings
8.2. Introduction
8.2.1. Global Industrial Valve Market, by Material, 2020-2034 (USD Billion)
8.3. Steel
8.3.1. Global Industrial Valve Market, by Steel, by Region, 2020-2034 (USD Billion)
8.4. Cast Iron
8.4.1. Global Industrial Valve Market, by Cast Iron, by Region, 2020-2034 (USD Billion)
8.5. Aluminum
8.5.1. Global Industrial Valve Market, by Aluminum, by Region, 2020-2034 (USD Billion)
8.6. Alloy Based
8.6.1. Global Industrial Valve Market, by Alloy Based, by Region, 2020-2034 (USD Billion)
8.7. Plastic
8.7.1. Global Industrial Valve Market, by Plastic, by Region, 2020-2034 (USD Billion)
8.8. Other Materials
8.8.1. Global Industrial Valve Market, by Other Materials, by Region, 2020-2034 (USD Billion)
9. Global Industrial Valve Market, by End Use
9.1. Key Findings
9.2. Introduction
9.2.1. Global Industrial Valve Market, by End Use, 2020-2034 (USD Billion)
9.3. Oil & Gas
9.3.1. Global Industrial Valve Market, by Oil & Gas, by Region, 2020-2034 (USD Billion)
9.4. Water & Wastewater Treatment
9.4.1. Global Industrial Valve Market, by Water & Wastewater Treatment, by Region, 2020-2034 (USD Billion)
9.5. Energy & Power
9.5.1. Global Industrial Valve Market, by Energy & Power, by Region, 2020-2034 (USD Billion)
9.6. Pharmaceutical
9.6.1. Global Industrial Valve Market, by Pharmaceutical, by Region, 2020-2034 (USD Billion)
9.7. Food & Beverage
9.7.1. Global Industrial Valve Market, by Food & Beverage, by Region, 2020-2034 (USD Billion)
9.8. Chemical
9.8.1. Global Industrial Valve Market, by Chemical, by Region, 2020-2034 (USD Billion)
9.9. Building & Construction
9.9.1. Global Industrial Valve Market, by Building & Construction, by Region, 2020-2034 (USD Billion)
9.10. Pulp & Paper
9.10.1. Global Industrial Valve Market, by Pulp & Paper, by Region, 2020-2034 (USD Billion)
9.11. Metal & Mining
9.11.1. Global Industrial Valve Market, by Metal & Mining, by Region, 2020-2034 (USD Billion)
9.12. Agriculture
9.12.1. Global Industrial Valve Market, by Agriculture, by Region, 2020-2034 (USD Billion)
9.13. Semiconductor
9.13.1. Global Industrial Valve Market, by Semiconductor, by Region, 2020-2034 (USD Billion)
9.14. Others
9.14.1. Global Industrial Valve Market, by Others, by Region, 2020-2034 (USD Billion)
10. Global Industrial Valve Market, by Geography
10.1. Key Findings
10.2. Introduction
10.2.1. Industrial Valve Market Assessment, By Geography, 2020-2034 (USD Billion)
10.3. Industrial Valve Market - North America
10.3.1. North America: Industrial Valve Market, by Valve Type, 2020-2034 (USD Billion)
10.3.2. North America: Industrial Valve Market, by Fluid Type, 2020-2034 (USD Billion)
10.3.3. North America: Industrial Valve Market, by Function, 2020-2034 (USD Billion)
10.3.4. North America: Industrial Valve Market, by Material, 2020-2034 (USD Billion)
10.3.5. North America: Industrial Valve Market, by End Use, 2020-2034 (USD Billion)