Industrial Valves Market by Type (Ball, Butterfly, Globe, Gate, Diaphragm, Safety, Check, Plug), Material (Steel, Cast Iron, Alloy Based, Cryogenic, Plastic, Bronze, Brass), Component (Actuator, Positioner), Function - Global Forecast to 2028
The industrial valves market size is expected to grow from USD 80.4 billion in 2023 to USD 99.8 billion by 2028; it is expected to grow at a CAGR of 4.4% from 2023 to 2028. The key factors driving the growth of the industrial valves market are the growing adoption of IIoT-integrated valves, the rapidly shifting focus of process industries towards adoption of automation solutions, the global need for establishment of new power plants and revamping of existing ones, the changing focus of valve manufacturers towards better maintenance and aftermarket services, and the increasing adoption of smart valves as replacement for outdated valves.
“Safety valves are expected to register the highest CAGR during the forecast period”
Industries such as oil & gas, energy & power, chemical & petrochemical, pharmaceutical, metal & mining, and water & wastewater treatment require highly reliable safety valves. Safety valves protect the pipeline against implosion due to the vacuum caused by cold rinsing after hot cleaning or blocking the gas supply during emptying. The increasing use of safety valves in critical processes in oil & gas, chemical, energy & power industries to release excess pressure and protect equipment and people from harm would drive the growth of the industrial safety valves market during the forecast period.
“Actuators are expected to register the highest CAGR during the forecast period and valve body are expected to register the second highest CAGR”
Pneumatic actuators, the most commonly used actuators due to their reliability and simple design, are typically used in applications involving extreme temperatures. Pneumatically operated piston actuators work faster than electric and hydraulic actuators. These actuators are advantageous when no air supply source is available, and low ambient temperatures could freeze the condensed water in pneumatic supply lines. In the case of heavy-duty applications, hydraulic actuators are preferred over pneumatic and electric actuators. The valve body is the main element of a valve assembly, as it holds all the internal parts together. The body is the largest component. Media flows through the body between the ports, and all other components are connected to the body.
“Control segment is expected to register the higher CAGR during the forecast period”
A control valve is an important element in process industries as it automatically regulates important process variables, including temperature, level, direction, pressure, and flow rate of gas, steam, water, and chemical compounds within a required operating range. Control valves are designed to withstand harsh conditions and ensure the safety and efficiency of multiple production processes in an industrial plant. Due to these benefits, these valves are used in oil & gas, energy & power, petrochemical, and chemical industries.
“Plastic valves are expected to register the highest CAGR during the forecast period and cryogenic valves are expected to register the second highest CAGR”
Owing to their high durability and corrosion resistance capabilities, plastic valves are preferred in applications that require regulating and monitoring of flow of corrosive fluids. In addition, due to their high impermeability feature, they offer long service life. Also, plastic valves offer very low-pressure drops, making them ideal for various industries such as food & beverage, chemical, and paper & pulp. Cryogenic valves are used in the oil & gas industry at cryogenic temperatures starting from -238?F. Production, transport, and storage of liquefied gases such as oxygen, nitrogen, argon, natural gas, hydrogen, or helium (down to -425°F/-253.9?C) present several specific technical requirements, such as service conditions; material, pressure, and temperature ratings; and other technical or environmental requirements. Such requirements generate the need for cryogenic materials to handle cryogenic temperatures safely, which are most popularly used by companies that work with liquefied natural gas (LNG) or compressed natural gas (CNG).
“Valves in the size range of >50” are expected to register the highest CAGR during the forecast period”
The rising demand for >50” valves in high-pressure and high-temperature applications in the chemical, energy & power, and oil & gas industries is likely to propel market growth. These valves have longer lead times, as they feature custom-designed class 1,500 mm and 2,500 mm butt-welding end valves. L&T (India) offers gate, Y-globe, and swing check valves, which feature a pressure seal bonnet design for high-pressure services in these size ranges.
“Paper & pulp industry is expected to register the highest CAGR during the forecast period”
In paper & pulp industry, plug valves, V-port ball valves, knife gate valves, high-performance butterfly valves, and rotary control valves are used in applications such as basis weight control, cleaner and pump isolation, flow-level control, vacuum control, and steam and condensate flow control. For the pulping process, V-port ball valves and eccentric plug valves, among others, are used for steam and chemical handling applications such as steam impregnation, steam venting, and flow and pressure control. Valves with hardened trim are well-suited for steam and chemical handling applications. Therefore, industrial valves play a vital role across several applications in the paper & pulp industry, which in turn propels their increasing adoption in the industry.
“North America is expected to register the highest CAGR during forecast period”
The growth of the industrial valves market in the US is mainly driven by the large industrial base, particularly the oil & gas and energy & power industries. Discovery of shale oil in the country and recent uptrends in the oil & gas industry are the major reasons for the increasing investments in the US oil & gas industry. The US rig count is set to increase over the next three years, which is expected to drive the demand for industrial valves in the oil & gas industry. In the US, the water & wastewater treatment industry is facing the challenge of aging infrastructure However, fresh investments in the industry for modernizing the existing facilities and services are expected to contribute to the rise in the demand for industrial valves in the US. In Canada, investments in natural gas projects have resulted in the expansion of the pipeline network for gas transportation. Hence, the oil & gas industry in Canada is likely to witness a huge demand for industrial valves.
The break-up of the profiles of primary participants for the report has been given below:
Research Coverage:
The research report on the global industrial valves market covers the market based on type, component, function, material, size, end-user industry, and region. Based on type, the industrial valves market is segregated into ball, butterfly, check, gate, globe, plug, diaphragm, and safety valves. Based on component, the industrial valves market is segmented into actuators, valve body, and other components (positioners and I/P converters). Based on function, the industrial valves market is segmented into on/off and control. Based on material, the industrial valves market is segmented into steel, cast iron, alloy-based, cryogenic, plastic, and other materials (bronze and brass). Based on size, the industrial valves market is segmented into <1”, 1” to 6”. 7” to 25”. 26” to 50”, and >50”. Based on end-user industry, the industrial valves market is segmented into segmented into oil & gas, water & wastewater treatment, energy & power, food & beverage, metal & mining, chemical, pharmaceutical, building & construction, pulp & paper, agriculture, semiconductor, and other end-user indsutries (textile and glass). The report covers four major regions: North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).
Key Benefits of Buying the Report:
“Safety valves are expected to register the highest CAGR during the forecast period”
Industries such as oil & gas, energy & power, chemical & petrochemical, pharmaceutical, metal & mining, and water & wastewater treatment require highly reliable safety valves. Safety valves protect the pipeline against implosion due to the vacuum caused by cold rinsing after hot cleaning or blocking the gas supply during emptying. The increasing use of safety valves in critical processes in oil & gas, chemical, energy & power industries to release excess pressure and protect equipment and people from harm would drive the growth of the industrial safety valves market during the forecast period.
“Actuators are expected to register the highest CAGR during the forecast period and valve body are expected to register the second highest CAGR”
Pneumatic actuators, the most commonly used actuators due to their reliability and simple design, are typically used in applications involving extreme temperatures. Pneumatically operated piston actuators work faster than electric and hydraulic actuators. These actuators are advantageous when no air supply source is available, and low ambient temperatures could freeze the condensed water in pneumatic supply lines. In the case of heavy-duty applications, hydraulic actuators are preferred over pneumatic and electric actuators. The valve body is the main element of a valve assembly, as it holds all the internal parts together. The body is the largest component. Media flows through the body between the ports, and all other components are connected to the body.
“Control segment is expected to register the higher CAGR during the forecast period”
A control valve is an important element in process industries as it automatically regulates important process variables, including temperature, level, direction, pressure, and flow rate of gas, steam, water, and chemical compounds within a required operating range. Control valves are designed to withstand harsh conditions and ensure the safety and efficiency of multiple production processes in an industrial plant. Due to these benefits, these valves are used in oil & gas, energy & power, petrochemical, and chemical industries.
“Plastic valves are expected to register the highest CAGR during the forecast period and cryogenic valves are expected to register the second highest CAGR”
Owing to their high durability and corrosion resistance capabilities, plastic valves are preferred in applications that require regulating and monitoring of flow of corrosive fluids. In addition, due to their high impermeability feature, they offer long service life. Also, plastic valves offer very low-pressure drops, making them ideal for various industries such as food & beverage, chemical, and paper & pulp. Cryogenic valves are used in the oil & gas industry at cryogenic temperatures starting from -238?F. Production, transport, and storage of liquefied gases such as oxygen, nitrogen, argon, natural gas, hydrogen, or helium (down to -425°F/-253.9?C) present several specific technical requirements, such as service conditions; material, pressure, and temperature ratings; and other technical or environmental requirements. Such requirements generate the need for cryogenic materials to handle cryogenic temperatures safely, which are most popularly used by companies that work with liquefied natural gas (LNG) or compressed natural gas (CNG).
“Valves in the size range of >50” are expected to register the highest CAGR during the forecast period”
The rising demand for >50” valves in high-pressure and high-temperature applications in the chemical, energy & power, and oil & gas industries is likely to propel market growth. These valves have longer lead times, as they feature custom-designed class 1,500 mm and 2,500 mm butt-welding end valves. L&T (India) offers gate, Y-globe, and swing check valves, which feature a pressure seal bonnet design for high-pressure services in these size ranges.
“Paper & pulp industry is expected to register the highest CAGR during the forecast period”
In paper & pulp industry, plug valves, V-port ball valves, knife gate valves, high-performance butterfly valves, and rotary control valves are used in applications such as basis weight control, cleaner and pump isolation, flow-level control, vacuum control, and steam and condensate flow control. For the pulping process, V-port ball valves and eccentric plug valves, among others, are used for steam and chemical handling applications such as steam impregnation, steam venting, and flow and pressure control. Valves with hardened trim are well-suited for steam and chemical handling applications. Therefore, industrial valves play a vital role across several applications in the paper & pulp industry, which in turn propels their increasing adoption in the industry.
“North America is expected to register the highest CAGR during forecast period”
The growth of the industrial valves market in the US is mainly driven by the large industrial base, particularly the oil & gas and energy & power industries. Discovery of shale oil in the country and recent uptrends in the oil & gas industry are the major reasons for the increasing investments in the US oil & gas industry. The US rig count is set to increase over the next three years, which is expected to drive the demand for industrial valves in the oil & gas industry. In the US, the water & wastewater treatment industry is facing the challenge of aging infrastructure However, fresh investments in the industry for modernizing the existing facilities and services are expected to contribute to the rise in the demand for industrial valves in the US. In Canada, investments in natural gas projects have resulted in the expansion of the pipeline network for gas transportation. Hence, the oil & gas industry in Canada is likely to witness a huge demand for industrial valves.
The break-up of the profiles of primary participants for the report has been given below:
- By Company Type: Tier 1 = 40%, Tier 2 = 35%, and Tier 3 = 25%
- By Designation: C-Level Executives = 40%, Directors = 35%, and Others= 25%
- By Region: North America = 30%, Europe = 25%, Asia Pacific = 35%, and RoW = 10%
Research Coverage:
The research report on the global industrial valves market covers the market based on type, component, function, material, size, end-user industry, and region. Based on type, the industrial valves market is segregated into ball, butterfly, check, gate, globe, plug, diaphragm, and safety valves. Based on component, the industrial valves market is segmented into actuators, valve body, and other components (positioners and I/P converters). Based on function, the industrial valves market is segmented into on/off and control. Based on material, the industrial valves market is segmented into steel, cast iron, alloy-based, cryogenic, plastic, and other materials (bronze and brass). Based on size, the industrial valves market is segmented into <1”, 1” to 6”. 7” to 25”. 26” to 50”, and >50”. Based on end-user industry, the industrial valves market is segmented into segmented into oil & gas, water & wastewater treatment, energy & power, food & beverage, metal & mining, chemical, pharmaceutical, building & construction, pulp & paper, agriculture, semiconductor, and other end-user indsutries (textile and glass). The report covers four major regions: North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).
Key Benefits of Buying the Report:
- This report segments the industrial valves market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across different types, components, functions, materials, sizes, end-user industries, and regions.
- The report helps stakeholders understand the market's pulse and expected market scenario and provides information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
TABLE 1 INDUSTRIAL VALVES MARKET: INCLUSIONS AND EXCLUSIONS
1.4 STUDY SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 INDUSTRIAL VALVES MARKET: SEGMENTATION
1.4.2 GEOGRAPHIC SCOPE
FIGURE 2 INDUSTRIAL VALVES MARKET: GEOGRAPHIC SEGMENTATION
1.4.3 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 3 INDUSTRIAL VALVES MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 Major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM SALES OF INDUSTRIAL VALVES (2/2)
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size through bottom-up analysis (demand side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to arrive at market size through top-down analysis (supply side)
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 8 ASSUMPTIONS FOR RESEARCH STUDY
2.5 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT
2.6 RESEARCH LIMITATIONS AND RISK ASSESSMENT
TABLE 2 LIMITATIONS AND ASSOCIATED RISKS
3 EXECUTIVE SUMMARY
FIGURE 9 CONTROL VALVES TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
FIGURE 10 STEEL SEGMENT TO CAPTURE LARGEST SHARE OF INDUSTRIAL VALVES MARKET, BY MATERIAL, THROUGHOUT FORECAST PERIOD
FIGURE 11 SAFETY VALVES TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 12 ACTUATORS TO DOMINATE INDUSTRIAL VALVES MARKET, BY COMPONENT, IN 2028
FIGURE 13 1” TO 6” SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL VALVES MARKET, BY SIZE, IN 2028
FIGURE 14 ENERGY & POWER INDUSTRY TO CAPTURE LARGEST SHARE OF INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
FIGURE 15 ASIA PACIFIC HELD LARGEST SHARE OF INDUSTRIAL VALVES MARKET IN 2022
3.1 RECESSION IMPACT AT GLOBAL LEVEL
FIGURE 16 GDP GROWTH PROJECTIONS FOR MAJOR ECONOMIES TILL 2023
FIGURE 17 IMPACT OF UPCOMING RECESSION ON GLOBAL INDUSTRIAL VALVES MARKET
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN INDUSTRIAL VALVES MARKET
FIGURE 18 INCREASED DEMAND FOR INDUSTRIAL VALVES FROM HEALTHCARE AND PHARMACEUTICAL INDUSTRIES TO PROVIDE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL VALVES MARKET
4.2 INDUSTRIAL VALVES MARKET, BY FUNCTION
FIGURE 19 ON/OFF VALVES TO HOLD LARGER MARKET SHARE THAN CONTROL VALVES IN 2023
4.3 INDUSTRIAL VALVES MARKET, BY MATERIAL
FIGURE 20 PLASTIC VALVES TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.4 INDUSTRIAL VALVES MARKET, BY TYPE
FIGURE 21 GLOBE VALVES TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
4.5 INDUSTRIAL VALVES MARKET, BY COMPONENT
FIGURE 22 ACTUATORS TO REGISTER HIGHEST CAGR IN INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
4.6 INDUSTRIAL VALVES MARKET, BY SIZE
FIGURE 23 >50” INDUSTRIAL VALVES TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.7 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY
FIGURE 24 PAPER & PULP INDUSTRY TO REGISTER HIGHEST CAGR IN INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
4.8 INDUSTRIAL VALVES MARKET, BY COUNTRY
FIGURE 25 US TO ACCOUNT FOR LARGEST SHARE OF GLOBAL INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 26 INDUSTRIAL VALVES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rising demand for valves from healthcare and pharmaceutical industries
5.2.1.2 Increasing need to establish new power plants and revamp existing ones
5.2.1.3 Rapid deployment of connected networks to monitor valve conditions and predict system failure
5.2.1.4 Shifting focus of process industries toward adoption of automation solutions
5.2.1.5 Establishment of smart cities globally
FIGURE 27 INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High capital investment and low profit margin due to varying valve standards across regions
5.2.2.2 Customer dissatisfaction owing to higher lead time and late order delivery
FIGURE 28 INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Integration of industrial valves with IIoT and Industry 4.0
5.2.3.2 Rising demand for AI-integrated valves for intelligent water supply
5.2.3.3 Use of 3D printing technique to manufacture industrial valves
5.2.3.4 Thriving petrochemical industry with growing demand for fuel
5.2.3.5 Shifting focus of valve manufacturers toward better maintenance and aftermarket services
5.2.3.6 Increasing adoption of smart valves as replacement for outdated valves
FIGURE 29 INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Focus of valve manufacturers on acquisitions affecting profit margins and cash flow
5.2.4.2 Fierce competition owing to reduced product differentiation
5.2.4.3 Unplanned downtime due to malfunctioning and failure of valves
5.2.4.4 High cost of valve manufacturing
FIGURE 30 INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 31 INDUSTRIAL VALVES MARKET: VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM MAPPING
FIGURE 32 INDUSTRIAL VALVES MARKET: ECOSYSTEM ANALYSIS
TABLE 3 COMPANIES AND THEIR ROLE IN INDUSTRIAL VALVES ECOSYSTEM
5.5 PRICING ANALYSIS
5.5.1 COMPANY-WISE AVERAGE SELLING PRICE OF INDUSTRIAL VALVES, BY TYPE
TABLE 4 AVERAGE SELLING PRICE OF INDUSTRIAL VALVES OFFERED BY TOP COMPANIES, 2023
FIGURE 33 AVERAGE SELLING PRICE OF INDUSTRIAL VALVES OFFERED BY KEY PLAYERS, BY TYPE (USD)
TABLE 5 AVERAGE SELLING PRICE OF INDUSTRIAL VALVES OFFERED BY THREE GLOBAL MARKET PLAYERS, BY TYPE
TABLE 6 AVERAGE SELLING PRICE OF INDUSTRIAL VALVES, BY REGION
FIGURE 34 AVERAGE SELLING PRICE OF INDUSTRIAL VALVES, 2019–2028
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 35 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.7 TECHNOLOGY ANALYSIS
5.7.1 DIGITALIZATION AND ARTIFICIAL INTELLIGENCE
5.7.2 INDUSTRIAL INTERNET OF THINGS (IIOT)
5.7.3 VALVE CONDITION MONITORING
5.8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 36 INDUSTRIAL VALVES MARKET: PORTER’S FIVE FORCES ANALYSIS
5.8.1 BARGAINING POWER OF SUPPLIERS
5.8.2 BARGAINING POWER OF BUYERS
5.8.3 THREAT OF NEW ENTRANTS
5.8.4 THREAT OF SUBSTITUTES
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 37 INFLUENCE OF STAKEHOLDERS FROM TOP 3 END-USER INDUSTRIES ON BUYING PROCESS
TABLE 7 INFLUENCE OF STAKEHOLDERS FROM TOP 3 END-USER INDUSTRIES ON BUYING PROCESS (%)
5.9.2 BUYING CRITERIA
FIGURE 38 KEY BUYING CRITERIA OF TOP 3 END-USER INDUSTRIES
TABLE 8 KEY BUYING CRITERIA OF TOP 3 INDUSTRIES
5.10 CASE STUDY ANALYSIS
TABLE 9 SEVERSTAL ADOPTED EMERSON’S FISHER CONTROL-DISK BUTTERFLY VALVES TO REDUCE WATER USAGE
TABLE 10 KRUGER, INC. NEWSPRINT MILL DEPLOYED FISHER CONTROL-DISK’S VALVES TO REDUCE FLOW VARIABILITY AND SAVE MAINTENANCE COSTS
TABLE 11 BRAY INTERNATIONAL’S KNIFE GATE VALVE OFFERED INCREASED UPTIME OF HYDROCLONE APPLICATION AND REDUCED PRODUCTION LOSS
TABLE 12 STADTENTW?SSERUNG HANNOVER SIGNED CONTRACT WITH KSB SE & CO. KGAA FOR COMPLETE REPAIR AND REFURBISHMENT OF ITS WASTEWATER PUMPING STATION
5.11 TRADE ANALYSIS
FIGURE 39 IMPORT DATA FOR TAPS, COCKS, AND SIMILAR APPLIANCES FOR PIPES, BOILER SHELLS, TANKS, VATS, AND PRESSURE-REDUCING AND THERMOSTATICALLY CONTROLLED VALVES, 2017–2021 (USD MILLION)
FIGURE 40 EXPORT DATA FOR TAPS, COCKS, AND SIMILAR APPLIANCES FOR PIPES, BOILER SHELLS, TANKS, VATS, AND PRESSURE-REDUCING AND THERMOSTATICALLY CONTROLLED VALVES, 2017–2021 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 41 NUMBER OF PATENTS GRANTED EVERY YEAR FROM 2013 TO 2022
FIGURE 42 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 13 TOP 20 PATENT OWNERS IN LAST 10 YEARS
5.12.1 LIST OF MAJOR PATENTS
TABLE 14 KEY PATENTS PERTAINING TO INDUSTRIAL VALVES
5.13 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 15 INDUSTRIAL VALVES MARKET: REGION-WISE CONFERENCES AND EVENTS
5.14 REGULATIONS AND STANDARDS
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 19 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 STANDARDS
TABLE 20 STANDARDS FOLLOWED BY MANUFACTURERS OF INDUSTRIAL VALVES
6 INDUSTRIAL VALVES MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 43 INDUSTRIAL VALVES MARKET, BY VALVE TYPE
FIGURE 44 GLOBE VALVES TO LEAD MARKET THROUGHOUT FORECAST PERIOD
TABLE 21 INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 22 INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
6.2 BALL VALVES
6.2.1 TIGHT SEALING AND LOW OPERATING TORQUE TO DRIVE DEMAND FOR BALL VALVES
TABLE 23 BALL VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 24 BALL VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
6.2.1.1 Trunnion-mounted ball valves
6.2.1.1.1 Suitable for pipelines requiring high pressure
6.2.1.2 Floating ball valves
6.2.1.2.1 Bi-directional sealing enables free movement of ball to halt media flowing in any direction
6.2.1.3 Rising stem ball valves
6.2.1.3.1 Designed for quick shutoff applications in chemical plants
6.3 BUTTERFLY VALVES
6.3.1 LOW PRESSURE DROP AND COST-EFFECTIVENESS TO BOOST DEMAND FOR BUTTERFLY VALVES
TABLE 25 BUTTERFLY VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 26 BUTTERFLY VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
6.3.1.1 Zero-offset butterfly valves
6.3.1.1.1 Suitable for basic and specialty liquid and gas applications up to 200 PSI and 400°F
6.3.1.2 Double-offset butterfly valves
6.3.1.2.1 Widely adopted by energy & power, pulp & paper, HVAC, chemical, oil & gas, and water & wastewater treatment industries
6.3.1.3 Triple-offset butterfly valves
6.3.1.3.1 Function effectively in tight shutoff applications
6.4 CHECK VALVES
6.4.1 ABILITY TO PREVENT REVERSAL PIPELINE FLOW TO STIMULATE DEMAND FOR CHECK VALVES
TABLE 27 CHECK VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 28 CHECK VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
6.5 DIAPHRAGM VALVES
6.5.1 ABILITY TO HANDLE CORROSIVE FLUIDS, FIBROUS SLURRIES, AND RADIOACTIVE FLUIDS TO INCREASE REQUIREMENT FOR DIAPHRAGM VALVES
TABLE 29 DIAPHRAGM VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 30 DIAPHRAGM VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
6.6 GATE VALVES
6.6.1 EASY FLOW OF MEDIA DUE TO UNOBSTRUCTED PASSAGEWAY TO BOOST DEMAND FOR GATE VALVES IN OIL & GAS AND PETROCHEMICAL APPLICATIONS
TABLE 31 GATE VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 32 GATE VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
6.6.1.1 Standard plate gate valves
6.6.1.1.1 Appropriate for transporting dry solids, granules, and powders
6.6.1.2 Wedge-type gate valves
6.6.1.2.1 Designed to handle flow of low-viscosity fluids
6.6.1.3 Knife gate valves
6.6.1.3.1 Preferred to handle slurries, as well as viscous, corrosive, and abrasive media
6.7 GLOBE VALVES
6.7.1 DEPLOYMENT IN HIGH-PRESSURE SYSTEMS TO CONTRIBUTE TO SEGMENTAL GROWTH
TABLE 33 GLOBE VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 34 GLOBE VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
6.8 PLUG VALVES
6.8.1 EASY SEALING AND ISOLATION ABILITIES TO BOOST ADOPTION OF PLUG VALVES IN WASTEWATER TREATMENT PLANTS
TABLE 35 PLUG VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 36 PLUG VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
6.9 SAFETY VALVES
6.9.1 RISING DEMAND FROM OIL & GAS, ENERGY & POWER, AND CHEMICAL INDUSTRIES TO PROPEL SEGMENTAL GROWTH
TABLE 37 SAFETY VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 38 SAFETY VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
7 INDUSTRIAL VALVES MARKET, BY COMPONENT
7.1 INTRODUCTION
FIGURE 45 INDUSTRIAL VALVES MARKET, BY COMPONENT
FIGURE 46 ACTUATORS TO DOMINATE INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
TABLE 39 INDUSTRIAL VALVES MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 40 INDUSTRIAL VALVES MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
7.2 ACTUATORS
7.2.1 FOCUS ON REDUCING MAINTENANCE COST, INCREASING UPTIME, AND ENHANCING PLANT SAFETY TO DRIVE DEMAND FOR ACTUATORS
7.2.2 PNEUMATIC ACTUATORS
7.2.2.1 Diaphragm actuators
7.2.2.1.1 Suitable for control valves used in oil & gas industry
7.2.2.2 Piston actuators
7.2.2.2.1 Designed for butterfly valves used in food, chemical, and pharmaceutical industries
7.2.3 ELECTRIC ACTUATORS
7.2.3.1 Wide use in water & wastewater treatment and chemical plants to boost segmental growth
7.2.4 HYDRAULIC ACTUATORS
7.2.4.1 Integration of hydraulic actuators in HVAC, fire protection, and irrigation systems to propel growth
TABLE 41 ACTUATORS: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 42 ACTUATORS: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
7.3 VALVE BODY
7.3.1 RISING DEMAND FOR VALVE BODIES FEATURING HIGH CORROSION RESISTANCE AND BETTER CHEMICAL COMPATIBILITY TO SUPPORT SEGMENTAL GROWTH
7.4 OTHER COMPONENTS
8 INDUSTRIAL VALVES MARKET, BY FUNCTION
8.1 INTRODUCTION
FIGURE 47 ON/OFF VALVES TO HOLD LARGER MARKET SHARE THROUGHOUT FORECAST PERIOD
TABLE 43 INDUSTRIAL VALVES MARKET, BY FUNCTION, 2019–2022 (USD MILLION)
TABLE 44 INDUSTRIAL VALVES MARKET, BY FUNCTION, 2023–2028 (USD MILLION)
8.2 ON/OFF
8.2.1 USE OF ON/OFF VALVES IN THROTTLING APPLICATIONS
8.3 CONTROL
8.3.1 IMPLEMENTATION OF CONTROL VALVES TO CONTROL TEMPERATURE, FLOW, AND PRESSURE IN INDUSTRIAL PROCESSES
9 INDUSTRIAL VALVES MARKET, BY MATERIAL
9.1 INTRODUCTION
FIGURE 48 INDUSTRIAL VALVES MARKET, BY MATERIAL
FIGURE 49 STEEL SEGMENT TO HOLD LARGEST SHARE OF INDUSTRIAL VALVES MARKET, BY MATERIAL, IN 2023
TABLE 45 INDUSTRIAL VALVES MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
TABLE 46 INDUSTRIAL VALVES MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
9.2 STEEL
9.2.1 RESISTANCE TO STRESS CORROSION CRACKING TO BOOST DEMAND FOR STEEL VALVES
9.3 CAST IRON
9.3.1 INCREASING USE OF CAST IRON VALVES IN WATER & WASTEWATER TREATMENT AND HYDROELECTRIC POWER PLANTS TO DRIVE MARKET
9.4 ALLOY BASED
9.4.1 RISING DEMAND FOR ALLOY-BASED VALVES TO RESOLVE PRESSURE-, TEMPERATURE-, AND CORROSION-RELATED ISSUES DURING PRODUCTION TO FUEL MARKET GROWTH
9.5 CRYOGENIC
9.5.1 INCREASING ADOPTION OF CRYOGENIC VALVES IN OIL & GAS INDUSTRY TO REGULATE LIQUIFIED GASES TO FUEL MARKET GROWTH
9.6 PLASTIC
9.6.1 HIGH DURABILITY AND ENHANCED CORROSION RESISTANCE OF PLASTIC VALVES TO DRIVE DEMAND
9.7 OTHER MATERIALS
9.7.1 BRONZE
9.7.2 BRASS
10 INDUSTRIAL VALVES MARKET, BY SIZE
10.1 INTRODUCTION
FIGURE 50 INDUSTRIAL VALVES MARKET, BY SIZE
FIGURE 51 1” TO 6” SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD
TABLE 47 INDUSTRIAL VALVES MARKET, BY SIZE, 2019–2022 (USD MILLION)
TABLE 48 INDUSTRIAL VALVES MARKET, BY SIZE, 2023–2028 (USD MILLION)
10.2 <1”
10.2.1 INCREASING NEED FOR <1” VALVES FOR PRECISE FLUID CONTROL TO DRIVE MARKET
10.3 1” TO 6”
10.3.1 RISING ADOPTION OF 1” TO 6” VALVES IN OIL & GAS AND CHEMICAL INDUSTRIES TO BOOST MARKET
10.4 7” TO 25”
10.4.1 INCREASING ADOPTION OF 7” TO 25” VALVES IN OIL & GAS, WATER & WASTEWATER TREATMENT, AGRICULTURE, AND MINING APPLICATIONS TO CREATE OPPORTUNITIES FOR VALVE PROVIDERS
10.5 26” TO 50”
10.5.1 GROWING NEED FOR VALVES THAT REMAIN FUNCTIONAL IN HIGH-TEMPERATURE AND HIGH-PRESSURE ENVIRONMENTS TO PROPEL MARKET
10.6 >50”
10.6.1 OIL & GAS, POWER, AND PETROCHEMICAL INDUSTRIES TO CONTRIBUTE TO MARKET GROWTH
11 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY
11.1 INTRODUCTION
FIGURE 52 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY
FIGURE 53 ENERGY & POWER INDUSTRY TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL VALVES MARKET IN 2028
TABLE 49 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 50 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
11.2 OIL & GAS
11.2.1 STEADY RECOVERY OF OIL & GAS INDUSTRY TO FOSTER DEMAND FOR INDUSTRIAL VALVES
TABLE 51 OIL & GAS: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 52 OIL & GAS: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 53 OIL & GAS: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 54 OIL & GAS: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.3 WATER & WASTEWATER TREATMENT
11.3.1 INCREASING INVESTMENTS IN ESTABLISHING WATER TREATMENT PLANTS TO DRIVE MARKET
TABLE 55 WATER & WASTEWATER TREATMENT: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 56 WATER & WASTEWATER TREATMENT: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 57 WATER & WASTEWATER TREATMENT: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 58 WATER & WASTEWATER TREATMENT: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.4 ENERGY & POWER
11.4.1 INCREASING ENERGY DEMAND IN DEVELOPING COUNTRIES TO BOOST MARKET
TABLE 59 ENERGY & POWER: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 60 ENERGY & POWER: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 61 ENERGY & POWER: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 62 ENERGY & POWER: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.5 PHARMACEUTICAL
11.5.1 AUTOMATION IN PHARMA COMPANIES TO REDUCE DRUG SHORTAGE RISK TO INCREASE DEMAND FOR INDUSTRIAL VALVES
TABLE 63 PHARMACEUTICAL: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 64 PHARMACEUTICAL: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 65 PHARMACEUTICAL: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 66 PHARMACEUTICAL: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.6 FOOD & BEVERAGE
11.6.1 RISING NEED TO IMPROVE PROCESS EFFICIENCY TO DRIVE MARKET
TABLE 67 FOOD & BEVERAGE: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 68 FOOD & BEVERAGE: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 69 FOOD & BEVERAGE: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 70 FOOD & BEVERAGE: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.7 CHEMICAL
11.7.1 NEED TO COMPLY WITH STRINGENT SAFETY STANDARDS TO BOOST DEMAND
TABLE 71 CHEMICAL: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 72 CHEMICAL: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 73 CHEMICAL: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 74 CHEMICAL: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.8 BUILDING & CONSTRUCTION
11.8.1 RISING APPLICATIONS OF VALVES IN BUILDING & CONSTRUCTION INDUSTRY TO DRIVE DEMAND
TABLE 75 BUILDING & CONSTRUCTION: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 76 BUILDING & CONSTRUCTION: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 77 BUILDING & CONSTRUCTION: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 78 BUILDING & CONSTRUCTION: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.9 PAPER & PULP
11.9.1 INCREASING USE OF INDUSTRIAL VALVES IN REPULPING AND RECYCLING APPLICATIONS TO SUPPORT MARKET GROWTH
TABLE 79 PAPER & PULP: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 80 PAPER & PULP: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 81 PAPER & PULP: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 82 PAPER & PULP: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.10 METAL & MINING
11.10.1 GROWING DEMAND FOR PREDICTIVE MAINTENANCE TO DRIVE MARKET
TABLE 83 METAL & MINING: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 84 METAL & MINING: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 85 METAL & MINING: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 86 METAL & MINING: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.11 AGRICULTURE
11.11.1 SURGING USE OF INDUSTRIAL VALVES IN IRRIGATION APPLICATIONS TO SPUR DEMAND
TABLE 87 AGRICULTURE: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 88 AGRICULTURE: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 89 AGRICULTURE: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 90 AGRICULTURE: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.12 SEMICONDUCTOR
11.12.1 NECESSITY TO OPTIMIZE ATOMIC LAYER DEPOSITION PROCESSES IN SEMICONDUCTOR MANUFACTURING TO DRIVE DEMAND
TABLE 91 SEMICONDUCTOR: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 92 SEMICONDUCTOR: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 93 SEMICONDUCTOR: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 94 SEMICONDUCTOR: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.13 OTHER END-USER INDUSTRIES
TABLE 95 OTHER END-USER INDUSTRIES: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 96 OTHER END-USER INDUSTRIES: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 97 OTHER END-USER INDUSTRIES: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 98 OTHER END-USER INDUSTRIES: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
12 INDUSTRIAL VALVES MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 54 US TO REGISTER HIGHEST CAGR IN OVERALL INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
FIGURE 55 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
TABLE 99 INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 100 INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
12.2 NORTH AMERICA
FIGURE 56 NORTH AMERICA: SNAPSHOT OF INDUSTRIAL VALVES MARKET
FIGURE 57 US TO REGISTER HIGHEST CAGR IN NORTH AMERICAN INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
TABLE 101 NORTH AMERICA: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 102 NORTH AMERICA: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 103 NORTH AMERICA: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 104 NORTH AMERICA: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
12.2.1 US
12.2.1.1 Aging water & wastewater infrastructure in US to accelerate market growth
12.2.2 CANADA
12.2.2.1 Rising adoption of valves in oil & gas sector to contribute to market growth
12.2.3 MEXICO
12.2.3.1 Thriving semiconductor industry to boost growth
12.3 EUROPE
FIGURE 58 EUROPE: SNAPSHOT OF INDUSTRIAL VALVES MARKET
FIGURE 59 GERMANY TO REGISTER HIGHEST CAGR IN EUROPEAN INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
TABLE 105 EUROPE: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 106 EUROPE: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 107 EUROPE: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 108 EUROPE: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
12.3.1 UK
12.3.1.1 Water industry to propel demand for control valves
12.3.2 GERMANY
12.3.2.1 Rising adoption of industrial valves by process industries to stimulate market growth
12.3.3 FRANCE
12.3.3.1 Ongoing nuclear and chemical projects to boost demand
12.3.4 ITALY
12.3.4.1 Investments in refurbishing and retrofitting water & wastewater treatment plants to support market growth
12.3.5 REST OF EUROPE
12.4 ASIA PACIFIC
FIGURE 60 ASIA PACIFIC: INDUSTRIAL VALVES MARKET SNAPSHOT
FIGURE 61 SOUTH KOREA TO REGISTER HIGHEST CAGR IN INDUSTRIAL VALVES MARKET IN ASIA PACIFIC DURING FORECAST PERIOD
TABLE 109 ASIA PACIFIC: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 110 ASIA PACIFIC: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 111 ASIA PACIFIC: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 112 ASIA PACIFIC: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
12.4.1 CHINA
12.4.1.1 Booming pharmaceutical industry to promote demand for industrial valves
12.4.2 JAPAN
12.4.2.1 Increasing focus on renewable energy projects to boost requirement for industrial valves
12.4.3 INDIA
12.4.3.1 Oil and gas exploration activities to fuel market growth
12.4.4 SOUTH KOREA
12.4.4.1 Presence of leading chemical companies to accelerate demand for industrial valves
12.4.5 REST OF ASIA PACIFIC
12.5 REST OF THE WORLD (ROW)
FIGURE 62 MIDDLE EAST TO DOMINATE INDUSTRIAL VALVES MARKET IN ROW DURING FORECAST PERIOD
TABLE 113 ROW: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 114 ROW: INDUSTRIAL VALVES MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
TABLE 115 ROW: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 116 ROW: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
12.5.1 MIDDLE EAST
12.5.1.1 Booming oil & gas and chemical industries to increase demand for industrial valves
TABLE 117 MIDDLE EAST: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 118 MIDDLE EAST: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
12.5.2 SOUTH AMERICA
12.5.2.1 Thriving petrochemical and mining industries to contribute to market growth
12.5.3 AFRICA
12.5.3.1 Increasing investments in improving water management infrastructure to generate opportunities for valve manufacturers
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.1.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN INDUSTRIAL VALVES MARKET
13.2 REVENUE ANALYSIS OF TOP 5 PLAYERS
FIGURE 63 INDUSTRIAL VALVES MARKET: MARKET SHARE ANALYSIS (2022)
13.3 MARKET SHARE ANALYSIS, 2022
TABLE 119 INDUSTRIAL VALVES MARKET: MARKET SHARE OF KEY COMPANIES
FIGURE 64 INDUSTRIAL VALVES MARKET: MARKET SHARE ANALYSIS (2022)
13.4 COMPANY EVALUATION QUADRANT
13.4.1 STARS
13.4.2 EMERGING LEADERS
13.4.3 PERVASIVE PLAYERS
13.4.4 PARTICIPANTS
FIGURE 65 INDUSTRIAL VALVES MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022
13.5 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2022
13.5.1 PROGRESSIVE COMPANIES
13.5.2 RESPONSIVE COMPANIES
13.5.3 DYNAMIC COMPANIES
13.5.4 STARTING BLOCKS
FIGURE 66 INDUSTRIAL VALVES MARKET (GLOBAL): SMES EVALUATION QUADRANT, 2022
13.6 COMPANY FOOTPRINT
TABLE 120 COMPANY FOOTPRINT
TABLE 121 END-USER INDUSTRY: COMPANY FOOTPRINT
TABLE 122 TYPE: COMPANY FOOTPRINT
TABLE 123 REGION: COMPANY FOOTPRINT
13.7 COMPETITIVE BENCHMARKING
TABLE 124 INDUSTRIAL VALVES MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 125 INDUSTRIAL VALVES MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
13.8 COMPETITIVE SITUATIONS AND TRENDS
13.8.1 PRODUCT LAUNCHES
TABLE 126 INDUSTRIAL VALVES MARKET: PRODUCT LAUNCHES, APRIL 2021–DECEMBER 2022
13.8.2 DEALS
TABLE 127 INDUSTRIAL VALVES MARKET: DEALS, JUNE 2021–NOVEMBER 2022
13.8.3 OTHERS
TABLE 128 INDUSTRIAL VALVES MARKET: OTHERS, FEBRUARY 2022–NOVEMBER 2022
14 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, Product launches, Deals, MnM view, Key strengths/right to win, Strategic choices, Weakness/competitive threats)*
14.1 KEY PLAYERS
14.1.1 EMERSON
TABLE 129 EMERSON: COMPANY OVERVIEW
FIGURE 67 EMERSON: COMPANY SNAPSHOT
TABLE 130 EMERSON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 131 EMERSON: PRODUCT LAUNCHES
TABLE 132 EMERSON: DEALS
14.1.2 SCHLUMBERGER LIMITED
TABLE 133 SCHLUMBERGER LIMITED: COMPANY OVERVIEW
FIGURE 68 SCHLUMBERGER LIMITED: COMPANY SNAPSHOT
TABLE 134 SCHLUMBERGER LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 135 SCHLUMBERGER LIMITED: OTHERS
14.1.3 FLOWSERVE CORPORATION
TABLE 136 FLOWSERVE CORPORATION: COMPANY OVERVIEW
FIGURE 69 FLOWSERVE CORPORATION: COMPANY SNAPSHOT
TABLE 137 FLOWSERVE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 138 FLOWSERVE CORPORATION: PRODUCT LAUNCHES
TABLE 139 FLOWSERVE CORPORATION: DEALS
14.1.4 IMI PLC
TABLE 140 IMI PLC: COMPANY OVERVIEW
FIGURE 70 IMI PLC: COMPANY SNAPSHOT
TABLE 141 IMI PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 142 IMI PLC: PRODUCT LAUNCHES
TABLE 143 IMI PLC: OTHERS
14.1.5 NELES (VALMET)
TABLE 144 NELES: COMPANY OVERVIEW
FIGURE 71 NELES: COMPANY SNAPSHOT
TABLE 145 NELES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 146 NELES: DEALS
14.1.6 SPIRAX-SARCO ENGINEERING PLC
TABLE 147 SPIRAX-SARCO ENGINEERING PLC: COMPANY OVERVIEW
FIGURE 72 SPIRAX-SARCO ENGINEERING PLC: COMPANY SNAPSHOT
TABLE 148 SPIRAX-SARCO ENGINEERING PLC: PRODUCT OFFERINGS
TABLE 149 SPIRAX-SARCO ENGINEERING PLC: PRODUCT LAUNCHES
TABLE 150 SPIRAX-SARCO ENGINEERING PLC: DEALS
14.1.7 CRANE CO.
TABLE 151 CRANE CO.: COMPANY OVERVIEW
TABLE 152 CRANE CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
14.1.8 KITZ CORPORATION
TABLE 153 KITZ CORPORATION: COMPANY OVERVIEW
FIGURE 74 KITZ CORPORATION: COMPANY SNAPSHOT
TABLE 154 KITZ CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 155 KITZ CORPORATION: PRODUCT LAUNCHES
TABLE 156 KITZ CORPORATION: DEALS
14.1.9 KSB SE & CO. KGAA
TABLE 157 KSB SE & CO. KGAA: COMPANY OVERVIEW
FIGURE 75 KSB SE & CO. KGAA: COMPANY SNAPSHOT
TABLE 158 KSB SE & CO. KGAA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 159 KSB SE & CO. KGAA: PRODUCT LAUNCHES
14.1.10 ALFA LAVAL
TABLE 160 ALFA LAVAL: COMPANY OVERVIEW
FIGURE 76 ALFA LAVAL: COMPANY SNAPSHOT
TABLE 161 ALFA LAVAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 162 ALFA LAVAL: DEALS
14.1.11 CURTISS-WRIGHT CORPORATION
TABLE 163 CURTISS-WRIGHT CORPORATION: COMPANY OVERVIEW
FIGURE 77 CURTISS-WRIGHT CORPORATION: COMPANY SNAPSHOT
TABLE 164 CURTISS-WRIGHT CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
14.1.12 PARKER HANNIFIN CORPORATION
TABLE 165 PARKER HANNIFIN CORPORATION: COMPANY OVERVIEW
FIGURE 78 PARKER HANNIFIN CORPORATION: COMPANY SNAPSHOT
TABLE 166 PARKER HANNIFIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 167 PARKER HANNIFIN CORPORATION: DEALS
14.1.13 BRAY INTERNATIONAL
TABLE 168 BRAY INTERNATIONAL: BUSINESS OVERVIEW
TABLE 169 BRAY INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
14.1.14 CIRCOR INTERNATIONAL, INC.
TABLE 170 CIRCOR INTERNATIONAL, INC: COMPANY OVERVIEW
FIGURE 79 CIRCOR INTERNATIONAL, INC.: COMPANY SNAPSHOT
TABLE 171 CIRCOR INTERNATIONAL, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 172 CIRCOR INTERNATIONAL, INC.: PRODUCT LAUNCHES
14.1.15 IDEX CORPORATION
TABLE 173 IDEX CORPORATION: COMPANY OVERVIEW
FIGURE 80 IDEX CORPORATION: COMPANY SNAPSHOT
TABLE 174 IDEX CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 175 IDEX CORPORATION: DEALS
*Details on Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies.
14.2 OTHER KEY PLAYERS
14.2.1 NEWAY VALVE CO.
TABLE 176 NEWAY VALVE CO.: BUSINESS OVERVIEW
14.2.2 VELAN INC.
TABLE 177 VELAN INC.: BUSINESS OVERVIEW
14.2.3 DANFOSS
TABLE 178 DANFOSS: BUSINESS OVERVIEW
14.2.4 GEORG FISCHER LTD.
TABLE 179 GEORG FISCHER LTD.: BUSINESS OVERVIEW
14.2.5 SAMSON
TABLE 180 SAMSON: BUSINESS OVERVIEW
14.2.6 AVK HOLDING A/S
TABLE 181 AVK HOLDING A/S: BUSINESS OVERVIEW
14.2.7 KLINGER HOLDING
TABLE 182 KLINGER HOLDING: BUSINESS OVERVIEW
14.2.8 TRILLIUM FLOW TECHNOLOGIES
TABLE 183 TRILLIUM FLOW TECHNOLOGIES: BUSINESS OVERVIEW
14.3 OTHER PLAYERS
14.3.1 EBRO ARMATUREN GEBR. BR?ER GMBH
TABLE 184 EBRO ARMATUREN GEBR. BR?ER GMBH: BUSINESS OVERVIEW
14.3.2 VALVITALIA SPA
TABLE 185 VALVITALIA SPA: BUSINESS OVERVIEW
14.3.3 GEFA PROCESSTECHNIK GMBH
TABLE 186 GEFA PROCESSTECHNIK GMBH: BUSINESS OVERVIEW
14.3.4 AVCON CONTROLS PVT LTD.
TABLE 187 AVCON CONTROLS PVT LTD.: BUSINESS OVERVIEW
14.3.5 FORBES MARSHALL
TABLE 188 FORBES MARSHALL: BUSINESS OVERVIEW
14.3.6 FRENSTAR
TABLE 189 FRENSTAR: BUSINESS OVERVIEW
14.3.7 HAM-LET GROUP
TABLE 190 HAM–LET GROUP: BUSINESS OVERVIEW
14.3.8 DWYER INSTRUMENTS LTD.
TABLE 191 DWYER INSTRUMENTS LTD.: BUSINESS OVERVIEW
14.3.9 APOLLO VALVES
TABLE 192 APOLLO VALVES: BUSINESS OVERVIEW
15 ADJACENT AND RELATED MARKETS
15.1 INTRODUCTION
15.2 LIMITATIONS
15.3 LINED VALVES MARKET, BY TYPE
15.3.1 INTRODUCTION
TABLE 193 LINED VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 194 LINED VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
15.4 BALL VALVES
15.4.1 COST-EFFECTIVE SOLUTION FOR PROCESS APPLICATIONS
TABLE 195 BALL VALVES: LINED VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 196 BALL VALVES: LINED VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 197 BALL VALVES: LINED VALVES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 198 BALL VALVES: LINED VALVES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
15.5 BUTTERFLY VALVES
15.5.1 FEATURES EXCELLENT SHUTOFF PROTECTION AND LONG SERVICE LIFE
TABLE 199 BUTTERFLY VALVES: LINED VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 200 BUTTERFLY VALVES: LINED VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 201 BUTTERFLY VALVES: LINED VALVES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 202 BUTTERFLY VALVES: LINED VALVES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
15.6 GATE VALVES
15.6.1 WIDELY USED FOR ON/OFF APPLICATIONS
TABLE 203 GATE VALVES: LINED VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 204 GATE VALVES: LINED VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 205 GATE VALVES: LINED VALVES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 206 GATE VALVES: LINED VALVES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
15.7 GLOBE VALVES
15.7.1 CAN HANDLE HIGHLY CORROSIVE AND TOXIC CHEMICALS
TABLE 207 GLOBE VALVES: LINED VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 208 GLOBE VALVES: LINED VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 209 GLOBE VALVES: LINED VALVES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 210 GLOBE VALVES: LINED VALVES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
15.8 PLUG VALVES
15.8.1 LINED PLUG VALVES MARKET TO WITNESS SUBSTANTIAL GROWTH IN NEXT FEW YEARS
TABLE 211 PLUG VALVES: LINED VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 212 PLUG VALVES: LINED VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 213 PLUG VALVES: LINED VALVES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 214 PLUG VALVES: LINED VALVES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
15.9 OTHERS
TABLE 215 OTHERS: LINED VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 216 OTHERS: LINED VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 217 OTHERS: LINED VALVES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 218 OTHERS: LINED VALVES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
16 APPENDIX
16.1 INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 INCLUSIONS AND EXCLUSIONS
TABLE 1 INDUSTRIAL VALVES MARKET: INCLUSIONS AND EXCLUSIONS
1.4 STUDY SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 INDUSTRIAL VALVES MARKET: SEGMENTATION
1.4.2 GEOGRAPHIC SCOPE
FIGURE 2 INDUSTRIAL VALVES MARKET: GEOGRAPHIC SEGMENTATION
1.4.3 YEARS CONSIDERED
1.5 CURRENCY CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 3 INDUSTRIAL VALVES MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 Major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM SALES OF INDUSTRIAL VALVES (2/2)
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size through bottom-up analysis (demand side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to arrive at market size through top-down analysis (supply side)
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 8 ASSUMPTIONS FOR RESEARCH STUDY
2.5 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT
2.6 RESEARCH LIMITATIONS AND RISK ASSESSMENT
TABLE 2 LIMITATIONS AND ASSOCIATED RISKS
3 EXECUTIVE SUMMARY
FIGURE 9 CONTROL VALVES TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
FIGURE 10 STEEL SEGMENT TO CAPTURE LARGEST SHARE OF INDUSTRIAL VALVES MARKET, BY MATERIAL, THROUGHOUT FORECAST PERIOD
FIGURE 11 SAFETY VALVES TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 12 ACTUATORS TO DOMINATE INDUSTRIAL VALVES MARKET, BY COMPONENT, IN 2028
FIGURE 13 1” TO 6” SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL VALVES MARKET, BY SIZE, IN 2028
FIGURE 14 ENERGY & POWER INDUSTRY TO CAPTURE LARGEST SHARE OF INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
FIGURE 15 ASIA PACIFIC HELD LARGEST SHARE OF INDUSTRIAL VALVES MARKET IN 2022
3.1 RECESSION IMPACT AT GLOBAL LEVEL
FIGURE 16 GDP GROWTH PROJECTIONS FOR MAJOR ECONOMIES TILL 2023
FIGURE 17 IMPACT OF UPCOMING RECESSION ON GLOBAL INDUSTRIAL VALVES MARKET
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN INDUSTRIAL VALVES MARKET
FIGURE 18 INCREASED DEMAND FOR INDUSTRIAL VALVES FROM HEALTHCARE AND PHARMACEUTICAL INDUSTRIES TO PROVIDE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL VALVES MARKET
4.2 INDUSTRIAL VALVES MARKET, BY FUNCTION
FIGURE 19 ON/OFF VALVES TO HOLD LARGER MARKET SHARE THAN CONTROL VALVES IN 2023
4.3 INDUSTRIAL VALVES MARKET, BY MATERIAL
FIGURE 20 PLASTIC VALVES TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.4 INDUSTRIAL VALVES MARKET, BY TYPE
FIGURE 21 GLOBE VALVES TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
4.5 INDUSTRIAL VALVES MARKET, BY COMPONENT
FIGURE 22 ACTUATORS TO REGISTER HIGHEST CAGR IN INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
4.6 INDUSTRIAL VALVES MARKET, BY SIZE
FIGURE 23 >50” INDUSTRIAL VALVES TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4.7 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY
FIGURE 24 PAPER & PULP INDUSTRY TO REGISTER HIGHEST CAGR IN INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
4.8 INDUSTRIAL VALVES MARKET, BY COUNTRY
FIGURE 25 US TO ACCOUNT FOR LARGEST SHARE OF GLOBAL INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 26 INDUSTRIAL VALVES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rising demand for valves from healthcare and pharmaceutical industries
5.2.1.2 Increasing need to establish new power plants and revamp existing ones
5.2.1.3 Rapid deployment of connected networks to monitor valve conditions and predict system failure
5.2.1.4 Shifting focus of process industries toward adoption of automation solutions
5.2.1.5 Establishment of smart cities globally
FIGURE 27 INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 High capital investment and low profit margin due to varying valve standards across regions
5.2.2.2 Customer dissatisfaction owing to higher lead time and late order delivery
FIGURE 28 INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Integration of industrial valves with IIoT and Industry 4.0
5.2.3.2 Rising demand for AI-integrated valves for intelligent water supply
5.2.3.3 Use of 3D printing technique to manufacture industrial valves
5.2.3.4 Thriving petrochemical industry with growing demand for fuel
5.2.3.5 Shifting focus of valve manufacturers toward better maintenance and aftermarket services
5.2.3.6 Increasing adoption of smart valves as replacement for outdated valves
FIGURE 29 INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Focus of valve manufacturers on acquisitions affecting profit margins and cash flow
5.2.4.2 Fierce competition owing to reduced product differentiation
5.2.4.3 Unplanned downtime due to malfunctioning and failure of valves
5.2.4.4 High cost of valve manufacturing
FIGURE 30 INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF CHALLENGES
5.3 VALUE CHAIN ANALYSIS
FIGURE 31 INDUSTRIAL VALVES MARKET: VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM MAPPING
FIGURE 32 INDUSTRIAL VALVES MARKET: ECOSYSTEM ANALYSIS
TABLE 3 COMPANIES AND THEIR ROLE IN INDUSTRIAL VALVES ECOSYSTEM
5.5 PRICING ANALYSIS
5.5.1 COMPANY-WISE AVERAGE SELLING PRICE OF INDUSTRIAL VALVES, BY TYPE
TABLE 4 AVERAGE SELLING PRICE OF INDUSTRIAL VALVES OFFERED BY TOP COMPANIES, 2023
FIGURE 33 AVERAGE SELLING PRICE OF INDUSTRIAL VALVES OFFERED BY KEY PLAYERS, BY TYPE (USD)
TABLE 5 AVERAGE SELLING PRICE OF INDUSTRIAL VALVES OFFERED BY THREE GLOBAL MARKET PLAYERS, BY TYPE
TABLE 6 AVERAGE SELLING PRICE OF INDUSTRIAL VALVES, BY REGION
FIGURE 34 AVERAGE SELLING PRICE OF INDUSTRIAL VALVES, 2019–2028
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 35 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.7 TECHNOLOGY ANALYSIS
5.7.1 DIGITALIZATION AND ARTIFICIAL INTELLIGENCE
5.7.2 INDUSTRIAL INTERNET OF THINGS (IIOT)
5.7.3 VALVE CONDITION MONITORING
5.8 PORTER’S FIVE FORCES ANALYSIS
FIGURE 36 INDUSTRIAL VALVES MARKET: PORTER’S FIVE FORCES ANALYSIS
5.8.1 BARGAINING POWER OF SUPPLIERS
5.8.2 BARGAINING POWER OF BUYERS
5.8.3 THREAT OF NEW ENTRANTS
5.8.4 THREAT OF SUBSTITUTES
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 37 INFLUENCE OF STAKEHOLDERS FROM TOP 3 END-USER INDUSTRIES ON BUYING PROCESS
TABLE 7 INFLUENCE OF STAKEHOLDERS FROM TOP 3 END-USER INDUSTRIES ON BUYING PROCESS (%)
5.9.2 BUYING CRITERIA
FIGURE 38 KEY BUYING CRITERIA OF TOP 3 END-USER INDUSTRIES
TABLE 8 KEY BUYING CRITERIA OF TOP 3 INDUSTRIES
5.10 CASE STUDY ANALYSIS
TABLE 9 SEVERSTAL ADOPTED EMERSON’S FISHER CONTROL-DISK BUTTERFLY VALVES TO REDUCE WATER USAGE
TABLE 10 KRUGER, INC. NEWSPRINT MILL DEPLOYED FISHER CONTROL-DISK’S VALVES TO REDUCE FLOW VARIABILITY AND SAVE MAINTENANCE COSTS
TABLE 11 BRAY INTERNATIONAL’S KNIFE GATE VALVE OFFERED INCREASED UPTIME OF HYDROCLONE APPLICATION AND REDUCED PRODUCTION LOSS
TABLE 12 STADTENTW?SSERUNG HANNOVER SIGNED CONTRACT WITH KSB SE & CO. KGAA FOR COMPLETE REPAIR AND REFURBISHMENT OF ITS WASTEWATER PUMPING STATION
5.11 TRADE ANALYSIS
FIGURE 39 IMPORT DATA FOR TAPS, COCKS, AND SIMILAR APPLIANCES FOR PIPES, BOILER SHELLS, TANKS, VATS, AND PRESSURE-REDUCING AND THERMOSTATICALLY CONTROLLED VALVES, 2017–2021 (USD MILLION)
FIGURE 40 EXPORT DATA FOR TAPS, COCKS, AND SIMILAR APPLIANCES FOR PIPES, BOILER SHELLS, TANKS, VATS, AND PRESSURE-REDUCING AND THERMOSTATICALLY CONTROLLED VALVES, 2017–2021 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 41 NUMBER OF PATENTS GRANTED EVERY YEAR FROM 2013 TO 2022
FIGURE 42 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 13 TOP 20 PATENT OWNERS IN LAST 10 YEARS
5.12.1 LIST OF MAJOR PATENTS
TABLE 14 KEY PATENTS PERTAINING TO INDUSTRIAL VALVES
5.13 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 15 INDUSTRIAL VALVES MARKET: REGION-WISE CONFERENCES AND EVENTS
5.14 REGULATIONS AND STANDARDS
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 19 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 STANDARDS
TABLE 20 STANDARDS FOLLOWED BY MANUFACTURERS OF INDUSTRIAL VALVES
6 INDUSTRIAL VALVES MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 43 INDUSTRIAL VALVES MARKET, BY VALVE TYPE
FIGURE 44 GLOBE VALVES TO LEAD MARKET THROUGHOUT FORECAST PERIOD
TABLE 21 INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 22 INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
6.2 BALL VALVES
6.2.1 TIGHT SEALING AND LOW OPERATING TORQUE TO DRIVE DEMAND FOR BALL VALVES
TABLE 23 BALL VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 24 BALL VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
6.2.1.1 Trunnion-mounted ball valves
6.2.1.1.1 Suitable for pipelines requiring high pressure
6.2.1.2 Floating ball valves
6.2.1.2.1 Bi-directional sealing enables free movement of ball to halt media flowing in any direction
6.2.1.3 Rising stem ball valves
6.2.1.3.1 Designed for quick shutoff applications in chemical plants
6.3 BUTTERFLY VALVES
6.3.1 LOW PRESSURE DROP AND COST-EFFECTIVENESS TO BOOST DEMAND FOR BUTTERFLY VALVES
TABLE 25 BUTTERFLY VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 26 BUTTERFLY VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
6.3.1.1 Zero-offset butterfly valves
6.3.1.1.1 Suitable for basic and specialty liquid and gas applications up to 200 PSI and 400°F
6.3.1.2 Double-offset butterfly valves
6.3.1.2.1 Widely adopted by energy & power, pulp & paper, HVAC, chemical, oil & gas, and water & wastewater treatment industries
6.3.1.3 Triple-offset butterfly valves
6.3.1.3.1 Function effectively in tight shutoff applications
6.4 CHECK VALVES
6.4.1 ABILITY TO PREVENT REVERSAL PIPELINE FLOW TO STIMULATE DEMAND FOR CHECK VALVES
TABLE 27 CHECK VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 28 CHECK VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
6.5 DIAPHRAGM VALVES
6.5.1 ABILITY TO HANDLE CORROSIVE FLUIDS, FIBROUS SLURRIES, AND RADIOACTIVE FLUIDS TO INCREASE REQUIREMENT FOR DIAPHRAGM VALVES
TABLE 29 DIAPHRAGM VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 30 DIAPHRAGM VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
6.6 GATE VALVES
6.6.1 EASY FLOW OF MEDIA DUE TO UNOBSTRUCTED PASSAGEWAY TO BOOST DEMAND FOR GATE VALVES IN OIL & GAS AND PETROCHEMICAL APPLICATIONS
TABLE 31 GATE VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 32 GATE VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
6.6.1.1 Standard plate gate valves
6.6.1.1.1 Appropriate for transporting dry solids, granules, and powders
6.6.1.2 Wedge-type gate valves
6.6.1.2.1 Designed to handle flow of low-viscosity fluids
6.6.1.3 Knife gate valves
6.6.1.3.1 Preferred to handle slurries, as well as viscous, corrosive, and abrasive media
6.7 GLOBE VALVES
6.7.1 DEPLOYMENT IN HIGH-PRESSURE SYSTEMS TO CONTRIBUTE TO SEGMENTAL GROWTH
TABLE 33 GLOBE VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 34 GLOBE VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
6.8 PLUG VALVES
6.8.1 EASY SEALING AND ISOLATION ABILITIES TO BOOST ADOPTION OF PLUG VALVES IN WASTEWATER TREATMENT PLANTS
TABLE 35 PLUG VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 36 PLUG VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
6.9 SAFETY VALVES
6.9.1 RISING DEMAND FROM OIL & GAS, ENERGY & POWER, AND CHEMICAL INDUSTRIES TO PROPEL SEGMENTAL GROWTH
TABLE 37 SAFETY VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 38 SAFETY VALVES: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
7 INDUSTRIAL VALVES MARKET, BY COMPONENT
7.1 INTRODUCTION
FIGURE 45 INDUSTRIAL VALVES MARKET, BY COMPONENT
FIGURE 46 ACTUATORS TO DOMINATE INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
TABLE 39 INDUSTRIAL VALVES MARKET, BY COMPONENT, 2019–2022 (USD MILLION)
TABLE 40 INDUSTRIAL VALVES MARKET, BY COMPONENT, 2023–2028 (USD MILLION)
7.2 ACTUATORS
7.2.1 FOCUS ON REDUCING MAINTENANCE COST, INCREASING UPTIME, AND ENHANCING PLANT SAFETY TO DRIVE DEMAND FOR ACTUATORS
7.2.2 PNEUMATIC ACTUATORS
7.2.2.1 Diaphragm actuators
7.2.2.1.1 Suitable for control valves used in oil & gas industry
7.2.2.2 Piston actuators
7.2.2.2.1 Designed for butterfly valves used in food, chemical, and pharmaceutical industries
7.2.3 ELECTRIC ACTUATORS
7.2.3.1 Wide use in water & wastewater treatment and chemical plants to boost segmental growth
7.2.4 HYDRAULIC ACTUATORS
7.2.4.1 Integration of hydraulic actuators in HVAC, fire protection, and irrigation systems to propel growth
TABLE 41 ACTUATORS: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 42 ACTUATORS: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
7.3 VALVE BODY
7.3.1 RISING DEMAND FOR VALVE BODIES FEATURING HIGH CORROSION RESISTANCE AND BETTER CHEMICAL COMPATIBILITY TO SUPPORT SEGMENTAL GROWTH
7.4 OTHER COMPONENTS
8 INDUSTRIAL VALVES MARKET, BY FUNCTION
8.1 INTRODUCTION
FIGURE 47 ON/OFF VALVES TO HOLD LARGER MARKET SHARE THROUGHOUT FORECAST PERIOD
TABLE 43 INDUSTRIAL VALVES MARKET, BY FUNCTION, 2019–2022 (USD MILLION)
TABLE 44 INDUSTRIAL VALVES MARKET, BY FUNCTION, 2023–2028 (USD MILLION)
8.2 ON/OFF
8.2.1 USE OF ON/OFF VALVES IN THROTTLING APPLICATIONS
8.3 CONTROL
8.3.1 IMPLEMENTATION OF CONTROL VALVES TO CONTROL TEMPERATURE, FLOW, AND PRESSURE IN INDUSTRIAL PROCESSES
9 INDUSTRIAL VALVES MARKET, BY MATERIAL
9.1 INTRODUCTION
FIGURE 48 INDUSTRIAL VALVES MARKET, BY MATERIAL
FIGURE 49 STEEL SEGMENT TO HOLD LARGEST SHARE OF INDUSTRIAL VALVES MARKET, BY MATERIAL, IN 2023
TABLE 45 INDUSTRIAL VALVES MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
TABLE 46 INDUSTRIAL VALVES MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
9.2 STEEL
9.2.1 RESISTANCE TO STRESS CORROSION CRACKING TO BOOST DEMAND FOR STEEL VALVES
9.3 CAST IRON
9.3.1 INCREASING USE OF CAST IRON VALVES IN WATER & WASTEWATER TREATMENT AND HYDROELECTRIC POWER PLANTS TO DRIVE MARKET
9.4 ALLOY BASED
9.4.1 RISING DEMAND FOR ALLOY-BASED VALVES TO RESOLVE PRESSURE-, TEMPERATURE-, AND CORROSION-RELATED ISSUES DURING PRODUCTION TO FUEL MARKET GROWTH
9.5 CRYOGENIC
9.5.1 INCREASING ADOPTION OF CRYOGENIC VALVES IN OIL & GAS INDUSTRY TO REGULATE LIQUIFIED GASES TO FUEL MARKET GROWTH
9.6 PLASTIC
9.6.1 HIGH DURABILITY AND ENHANCED CORROSION RESISTANCE OF PLASTIC VALVES TO DRIVE DEMAND
9.7 OTHER MATERIALS
9.7.1 BRONZE
9.7.2 BRASS
10 INDUSTRIAL VALVES MARKET, BY SIZE
10.1 INTRODUCTION
FIGURE 50 INDUSTRIAL VALVES MARKET, BY SIZE
FIGURE 51 1” TO 6” SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD
TABLE 47 INDUSTRIAL VALVES MARKET, BY SIZE, 2019–2022 (USD MILLION)
TABLE 48 INDUSTRIAL VALVES MARKET, BY SIZE, 2023–2028 (USD MILLION)
10.2 <1”
10.2.1 INCREASING NEED FOR <1” VALVES FOR PRECISE FLUID CONTROL TO DRIVE MARKET
10.3 1” TO 6”
10.3.1 RISING ADOPTION OF 1” TO 6” VALVES IN OIL & GAS AND CHEMICAL INDUSTRIES TO BOOST MARKET
10.4 7” TO 25”
10.4.1 INCREASING ADOPTION OF 7” TO 25” VALVES IN OIL & GAS, WATER & WASTEWATER TREATMENT, AGRICULTURE, AND MINING APPLICATIONS TO CREATE OPPORTUNITIES FOR VALVE PROVIDERS
10.5 26” TO 50”
10.5.1 GROWING NEED FOR VALVES THAT REMAIN FUNCTIONAL IN HIGH-TEMPERATURE AND HIGH-PRESSURE ENVIRONMENTS TO PROPEL MARKET
10.6 >50”
10.6.1 OIL & GAS, POWER, AND PETROCHEMICAL INDUSTRIES TO CONTRIBUTE TO MARKET GROWTH
11 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY
11.1 INTRODUCTION
FIGURE 52 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY
FIGURE 53 ENERGY & POWER INDUSTRY TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL VALVES MARKET IN 2028
TABLE 49 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 50 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
11.2 OIL & GAS
11.2.1 STEADY RECOVERY OF OIL & GAS INDUSTRY TO FOSTER DEMAND FOR INDUSTRIAL VALVES
TABLE 51 OIL & GAS: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 52 OIL & GAS: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 53 OIL & GAS: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 54 OIL & GAS: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.3 WATER & WASTEWATER TREATMENT
11.3.1 INCREASING INVESTMENTS IN ESTABLISHING WATER TREATMENT PLANTS TO DRIVE MARKET
TABLE 55 WATER & WASTEWATER TREATMENT: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 56 WATER & WASTEWATER TREATMENT: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 57 WATER & WASTEWATER TREATMENT: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 58 WATER & WASTEWATER TREATMENT: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.4 ENERGY & POWER
11.4.1 INCREASING ENERGY DEMAND IN DEVELOPING COUNTRIES TO BOOST MARKET
TABLE 59 ENERGY & POWER: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 60 ENERGY & POWER: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 61 ENERGY & POWER: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 62 ENERGY & POWER: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.5 PHARMACEUTICAL
11.5.1 AUTOMATION IN PHARMA COMPANIES TO REDUCE DRUG SHORTAGE RISK TO INCREASE DEMAND FOR INDUSTRIAL VALVES
TABLE 63 PHARMACEUTICAL: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 64 PHARMACEUTICAL: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 65 PHARMACEUTICAL: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 66 PHARMACEUTICAL: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.6 FOOD & BEVERAGE
11.6.1 RISING NEED TO IMPROVE PROCESS EFFICIENCY TO DRIVE MARKET
TABLE 67 FOOD & BEVERAGE: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 68 FOOD & BEVERAGE: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 69 FOOD & BEVERAGE: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 70 FOOD & BEVERAGE: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.7 CHEMICAL
11.7.1 NEED TO COMPLY WITH STRINGENT SAFETY STANDARDS TO BOOST DEMAND
TABLE 71 CHEMICAL: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 72 CHEMICAL: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 73 CHEMICAL: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 74 CHEMICAL: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.8 BUILDING & CONSTRUCTION
11.8.1 RISING APPLICATIONS OF VALVES IN BUILDING & CONSTRUCTION INDUSTRY TO DRIVE DEMAND
TABLE 75 BUILDING & CONSTRUCTION: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 76 BUILDING & CONSTRUCTION: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 77 BUILDING & CONSTRUCTION: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 78 BUILDING & CONSTRUCTION: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.9 PAPER & PULP
11.9.1 INCREASING USE OF INDUSTRIAL VALVES IN REPULPING AND RECYCLING APPLICATIONS TO SUPPORT MARKET GROWTH
TABLE 79 PAPER & PULP: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 80 PAPER & PULP: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 81 PAPER & PULP: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 82 PAPER & PULP: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.10 METAL & MINING
11.10.1 GROWING DEMAND FOR PREDICTIVE MAINTENANCE TO DRIVE MARKET
TABLE 83 METAL & MINING: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 84 METAL & MINING: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 85 METAL & MINING: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 86 METAL & MINING: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.11 AGRICULTURE
11.11.1 SURGING USE OF INDUSTRIAL VALVES IN IRRIGATION APPLICATIONS TO SPUR DEMAND
TABLE 87 AGRICULTURE: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 88 AGRICULTURE: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 89 AGRICULTURE: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 90 AGRICULTURE: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.12 SEMICONDUCTOR
11.12.1 NECESSITY TO OPTIMIZE ATOMIC LAYER DEPOSITION PROCESSES IN SEMICONDUCTOR MANUFACTURING TO DRIVE DEMAND
TABLE 91 SEMICONDUCTOR: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 92 SEMICONDUCTOR: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 93 SEMICONDUCTOR: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 94 SEMICONDUCTOR: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
11.13 OTHER END-USER INDUSTRIES
TABLE 95 OTHER END-USER INDUSTRIES: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 96 OTHER END-USER INDUSTRIES: INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 97 OTHER END-USER INDUSTRIES: INDUSTRIAL VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 98 OTHER END-USER INDUSTRIES: INDUSTRIAL VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
12 INDUSTRIAL VALVES MARKET, BY REGION
12.1 INTRODUCTION
FIGURE 54 US TO REGISTER HIGHEST CAGR IN OVERALL INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
FIGURE 55 ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
TABLE 99 INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 100 INDUSTRIAL VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
12.2 NORTH AMERICA
FIGURE 56 NORTH AMERICA: SNAPSHOT OF INDUSTRIAL VALVES MARKET
FIGURE 57 US TO REGISTER HIGHEST CAGR IN NORTH AMERICAN INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
TABLE 101 NORTH AMERICA: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 102 NORTH AMERICA: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 103 NORTH AMERICA: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 104 NORTH AMERICA: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
12.2.1 US
12.2.1.1 Aging water & wastewater infrastructure in US to accelerate market growth
12.2.2 CANADA
12.2.2.1 Rising adoption of valves in oil & gas sector to contribute to market growth
12.2.3 MEXICO
12.2.3.1 Thriving semiconductor industry to boost growth
12.3 EUROPE
FIGURE 58 EUROPE: SNAPSHOT OF INDUSTRIAL VALVES MARKET
FIGURE 59 GERMANY TO REGISTER HIGHEST CAGR IN EUROPEAN INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
TABLE 105 EUROPE: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 106 EUROPE: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 107 EUROPE: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 108 EUROPE: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
12.3.1 UK
12.3.1.1 Water industry to propel demand for control valves
12.3.2 GERMANY
12.3.2.1 Rising adoption of industrial valves by process industries to stimulate market growth
12.3.3 FRANCE
12.3.3.1 Ongoing nuclear and chemical projects to boost demand
12.3.4 ITALY
12.3.4.1 Investments in refurbishing and retrofitting water & wastewater treatment plants to support market growth
12.3.5 REST OF EUROPE
12.4 ASIA PACIFIC
FIGURE 60 ASIA PACIFIC: INDUSTRIAL VALVES MARKET SNAPSHOT
FIGURE 61 SOUTH KOREA TO REGISTER HIGHEST CAGR IN INDUSTRIAL VALVES MARKET IN ASIA PACIFIC DURING FORECAST PERIOD
TABLE 109 ASIA PACIFIC: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 110 ASIA PACIFIC: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 111 ASIA PACIFIC: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 112 ASIA PACIFIC: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
12.4.1 CHINA
12.4.1.1 Booming pharmaceutical industry to promote demand for industrial valves
12.4.2 JAPAN
12.4.2.1 Increasing focus on renewable energy projects to boost requirement for industrial valves
12.4.3 INDIA
12.4.3.1 Oil and gas exploration activities to fuel market growth
12.4.4 SOUTH KOREA
12.4.4.1 Presence of leading chemical companies to accelerate demand for industrial valves
12.4.5 REST OF ASIA PACIFIC
12.5 REST OF THE WORLD (ROW)
FIGURE 62 MIDDLE EAST TO DOMINATE INDUSTRIAL VALVES MARKET IN ROW DURING FORECAST PERIOD
TABLE 113 ROW: INDUSTRIAL VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 114 ROW: INDUSTRIAL VALVES MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
TABLE 115 ROW: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2019–2022 (USD MILLION)
TABLE 116 ROW: INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2023–2028 (USD MILLION)
12.5.1 MIDDLE EAST
12.5.1.1 Booming oil & gas and chemical industries to increase demand for industrial valves
TABLE 117 MIDDLE EAST: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 118 MIDDLE EAST: INDUSTRIAL VALVES MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
12.5.2 SOUTH AMERICA
12.5.2.1 Thriving petrochemical and mining industries to contribute to market growth
12.5.3 AFRICA
12.5.3.1 Increasing investments in improving water management infrastructure to generate opportunities for valve manufacturers
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.1.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN INDUSTRIAL VALVES MARKET
13.2 REVENUE ANALYSIS OF TOP 5 PLAYERS
FIGURE 63 INDUSTRIAL VALVES MARKET: MARKET SHARE ANALYSIS (2022)
13.3 MARKET SHARE ANALYSIS, 2022
TABLE 119 INDUSTRIAL VALVES MARKET: MARKET SHARE OF KEY COMPANIES
FIGURE 64 INDUSTRIAL VALVES MARKET: MARKET SHARE ANALYSIS (2022)
13.4 COMPANY EVALUATION QUADRANT
13.4.1 STARS
13.4.2 EMERGING LEADERS
13.4.3 PERVASIVE PLAYERS
13.4.4 PARTICIPANTS
FIGURE 65 INDUSTRIAL VALVES MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022
13.5 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2022
13.5.1 PROGRESSIVE COMPANIES
13.5.2 RESPONSIVE COMPANIES
13.5.3 DYNAMIC COMPANIES
13.5.4 STARTING BLOCKS
FIGURE 66 INDUSTRIAL VALVES MARKET (GLOBAL): SMES EVALUATION QUADRANT, 2022
13.6 COMPANY FOOTPRINT
TABLE 120 COMPANY FOOTPRINT
TABLE 121 END-USER INDUSTRY: COMPANY FOOTPRINT
TABLE 122 TYPE: COMPANY FOOTPRINT
TABLE 123 REGION: COMPANY FOOTPRINT
13.7 COMPETITIVE BENCHMARKING
TABLE 124 INDUSTRIAL VALVES MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 125 INDUSTRIAL VALVES MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
13.8 COMPETITIVE SITUATIONS AND TRENDS
13.8.1 PRODUCT LAUNCHES
TABLE 126 INDUSTRIAL VALVES MARKET: PRODUCT LAUNCHES, APRIL 2021–DECEMBER 2022
13.8.2 DEALS
TABLE 127 INDUSTRIAL VALVES MARKET: DEALS, JUNE 2021–NOVEMBER 2022
13.8.3 OTHERS
TABLE 128 INDUSTRIAL VALVES MARKET: OTHERS, FEBRUARY 2022–NOVEMBER 2022
14 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, Product launches, Deals, MnM view, Key strengths/right to win, Strategic choices, Weakness/competitive threats)*
14.1 KEY PLAYERS
14.1.1 EMERSON
TABLE 129 EMERSON: COMPANY OVERVIEW
FIGURE 67 EMERSON: COMPANY SNAPSHOT
TABLE 130 EMERSON: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 131 EMERSON: PRODUCT LAUNCHES
TABLE 132 EMERSON: DEALS
14.1.2 SCHLUMBERGER LIMITED
TABLE 133 SCHLUMBERGER LIMITED: COMPANY OVERVIEW
FIGURE 68 SCHLUMBERGER LIMITED: COMPANY SNAPSHOT
TABLE 134 SCHLUMBERGER LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 135 SCHLUMBERGER LIMITED: OTHERS
14.1.3 FLOWSERVE CORPORATION
TABLE 136 FLOWSERVE CORPORATION: COMPANY OVERVIEW
FIGURE 69 FLOWSERVE CORPORATION: COMPANY SNAPSHOT
TABLE 137 FLOWSERVE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 138 FLOWSERVE CORPORATION: PRODUCT LAUNCHES
TABLE 139 FLOWSERVE CORPORATION: DEALS
14.1.4 IMI PLC
TABLE 140 IMI PLC: COMPANY OVERVIEW
FIGURE 70 IMI PLC: COMPANY SNAPSHOT
TABLE 141 IMI PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 142 IMI PLC: PRODUCT LAUNCHES
TABLE 143 IMI PLC: OTHERS
14.1.5 NELES (VALMET)
TABLE 144 NELES: COMPANY OVERVIEW
FIGURE 71 NELES: COMPANY SNAPSHOT
TABLE 145 NELES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 146 NELES: DEALS
14.1.6 SPIRAX-SARCO ENGINEERING PLC
TABLE 147 SPIRAX-SARCO ENGINEERING PLC: COMPANY OVERVIEW
FIGURE 72 SPIRAX-SARCO ENGINEERING PLC: COMPANY SNAPSHOT
TABLE 148 SPIRAX-SARCO ENGINEERING PLC: PRODUCT OFFERINGS
TABLE 149 SPIRAX-SARCO ENGINEERING PLC: PRODUCT LAUNCHES
TABLE 150 SPIRAX-SARCO ENGINEERING PLC: DEALS
14.1.7 CRANE CO.
TABLE 151 CRANE CO.: COMPANY OVERVIEW
TABLE 152 CRANE CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
14.1.8 KITZ CORPORATION
TABLE 153 KITZ CORPORATION: COMPANY OVERVIEW
FIGURE 74 KITZ CORPORATION: COMPANY SNAPSHOT
TABLE 154 KITZ CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 155 KITZ CORPORATION: PRODUCT LAUNCHES
TABLE 156 KITZ CORPORATION: DEALS
14.1.9 KSB SE & CO. KGAA
TABLE 157 KSB SE & CO. KGAA: COMPANY OVERVIEW
FIGURE 75 KSB SE & CO. KGAA: COMPANY SNAPSHOT
TABLE 158 KSB SE & CO. KGAA: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 159 KSB SE & CO. KGAA: PRODUCT LAUNCHES
14.1.10 ALFA LAVAL
TABLE 160 ALFA LAVAL: COMPANY OVERVIEW
FIGURE 76 ALFA LAVAL: COMPANY SNAPSHOT
TABLE 161 ALFA LAVAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 162 ALFA LAVAL: DEALS
14.1.11 CURTISS-WRIGHT CORPORATION
TABLE 163 CURTISS-WRIGHT CORPORATION: COMPANY OVERVIEW
FIGURE 77 CURTISS-WRIGHT CORPORATION: COMPANY SNAPSHOT
TABLE 164 CURTISS-WRIGHT CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
14.1.12 PARKER HANNIFIN CORPORATION
TABLE 165 PARKER HANNIFIN CORPORATION: COMPANY OVERVIEW
FIGURE 78 PARKER HANNIFIN CORPORATION: COMPANY SNAPSHOT
TABLE 166 PARKER HANNIFIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 167 PARKER HANNIFIN CORPORATION: DEALS
14.1.13 BRAY INTERNATIONAL
TABLE 168 BRAY INTERNATIONAL: BUSINESS OVERVIEW
TABLE 169 BRAY INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
14.1.14 CIRCOR INTERNATIONAL, INC.
TABLE 170 CIRCOR INTERNATIONAL, INC: COMPANY OVERVIEW
FIGURE 79 CIRCOR INTERNATIONAL, INC.: COMPANY SNAPSHOT
TABLE 171 CIRCOR INTERNATIONAL, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 172 CIRCOR INTERNATIONAL, INC.: PRODUCT LAUNCHES
14.1.15 IDEX CORPORATION
TABLE 173 IDEX CORPORATION: COMPANY OVERVIEW
FIGURE 80 IDEX CORPORATION: COMPANY SNAPSHOT
TABLE 174 IDEX CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 175 IDEX CORPORATION: DEALS
*Details on Business Overview, Products Offered, Recent Developments, Deals, MnM view, Key strengths/right to win, Strategic choices made, Weakness/competitive threats might not be captured in case of unlisted companies.
14.2 OTHER KEY PLAYERS
14.2.1 NEWAY VALVE CO.
TABLE 176 NEWAY VALVE CO.: BUSINESS OVERVIEW
14.2.2 VELAN INC.
TABLE 177 VELAN INC.: BUSINESS OVERVIEW
14.2.3 DANFOSS
TABLE 178 DANFOSS: BUSINESS OVERVIEW
14.2.4 GEORG FISCHER LTD.
TABLE 179 GEORG FISCHER LTD.: BUSINESS OVERVIEW
14.2.5 SAMSON
TABLE 180 SAMSON: BUSINESS OVERVIEW
14.2.6 AVK HOLDING A/S
TABLE 181 AVK HOLDING A/S: BUSINESS OVERVIEW
14.2.7 KLINGER HOLDING
TABLE 182 KLINGER HOLDING: BUSINESS OVERVIEW
14.2.8 TRILLIUM FLOW TECHNOLOGIES
TABLE 183 TRILLIUM FLOW TECHNOLOGIES: BUSINESS OVERVIEW
14.3 OTHER PLAYERS
14.3.1 EBRO ARMATUREN GEBR. BR?ER GMBH
TABLE 184 EBRO ARMATUREN GEBR. BR?ER GMBH: BUSINESS OVERVIEW
14.3.2 VALVITALIA SPA
TABLE 185 VALVITALIA SPA: BUSINESS OVERVIEW
14.3.3 GEFA PROCESSTECHNIK GMBH
TABLE 186 GEFA PROCESSTECHNIK GMBH: BUSINESS OVERVIEW
14.3.4 AVCON CONTROLS PVT LTD.
TABLE 187 AVCON CONTROLS PVT LTD.: BUSINESS OVERVIEW
14.3.5 FORBES MARSHALL
TABLE 188 FORBES MARSHALL: BUSINESS OVERVIEW
14.3.6 FRENSTAR
TABLE 189 FRENSTAR: BUSINESS OVERVIEW
14.3.7 HAM-LET GROUP
TABLE 190 HAM–LET GROUP: BUSINESS OVERVIEW
14.3.8 DWYER INSTRUMENTS LTD.
TABLE 191 DWYER INSTRUMENTS LTD.: BUSINESS OVERVIEW
14.3.9 APOLLO VALVES
TABLE 192 APOLLO VALVES: BUSINESS OVERVIEW
15 ADJACENT AND RELATED MARKETS
15.1 INTRODUCTION
15.2 LIMITATIONS
15.3 LINED VALVES MARKET, BY TYPE
15.3.1 INTRODUCTION
TABLE 193 LINED VALVES MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 194 LINED VALVES MARKET, BY TYPE, 2023–2028 (USD MILLION)
15.4 BALL VALVES
15.4.1 COST-EFFECTIVE SOLUTION FOR PROCESS APPLICATIONS
TABLE 195 BALL VALVES: LINED VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 196 BALL VALVES: LINED VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 197 BALL VALVES: LINED VALVES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 198 BALL VALVES: LINED VALVES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
15.5 BUTTERFLY VALVES
15.5.1 FEATURES EXCELLENT SHUTOFF PROTECTION AND LONG SERVICE LIFE
TABLE 199 BUTTERFLY VALVES: LINED VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 200 BUTTERFLY VALVES: LINED VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 201 BUTTERFLY VALVES: LINED VALVES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 202 BUTTERFLY VALVES: LINED VALVES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
15.6 GATE VALVES
15.6.1 WIDELY USED FOR ON/OFF APPLICATIONS
TABLE 203 GATE VALVES: LINED VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 204 GATE VALVES: LINED VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 205 GATE VALVES: LINED VALVES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 206 GATE VALVES: LINED VALVES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
15.7 GLOBE VALVES
15.7.1 CAN HANDLE HIGHLY CORROSIVE AND TOXIC CHEMICALS
TABLE 207 GLOBE VALVES: LINED VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 208 GLOBE VALVES: LINED VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 209 GLOBE VALVES: LINED VALVES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 210 GLOBE VALVES: LINED VALVES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
15.8 PLUG VALVES
15.8.1 LINED PLUG VALVES MARKET TO WITNESS SUBSTANTIAL GROWTH IN NEXT FEW YEARS
TABLE 211 PLUG VALVES: LINED VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 212 PLUG VALVES: LINED VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 213 PLUG VALVES: LINED VALVES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 214 PLUG VALVES: LINED VALVES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
15.9 OTHERS
TABLE 215 OTHERS: LINED VALVES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 216 OTHERS: LINED VALVES MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 217 OTHERS: LINED VALVES MARKET, BY INDUSTRY, 2019–2022 (USD MILLION)
TABLE 218 OTHERS: LINED VALVES MARKET, BY INDUSTRY, 2023–2028 (USD MILLION)
16 APPENDIX
16.1 INSIGHTS FROM INDUSTRY EXPERTS
16.2 DISCUSSION GUIDE
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
16.4 CUSTOMIZATION OPTIONS
16.5 RELATED REPORTS
16.6 AUTHOR DETAILS
