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Industrial Valves Market Size, Industry Share, Trends, Growth and Forecast Analysis by 2030

The global industrial valves market (産業用バルブ市場) is expected to experience a modest growth rate of 3.3%, with the potential to generate a substantial economic opportunity exceeding US$ 22.3 billion. According to projections by Fact.MR, it is anticipated to reach a total value of over US$ 79.4 billion by the conclusion of the forecast period (2020 – 2030).

Investments in pipeline infrastructure, particularly in the downstream applications of the oil and gas sector, are poised to stimulate the increased adoption of industrial valves. Furthermore, countries within the ASEAN region are observing a surge in government-led initiatives related to water supply and sanitation projects, a trend that is likely to drive the sales of industrial valves for both domestic and agricultural applications. Additionally, the installation of high-pressure pipelines will contribute to heightened demand for valves used in the conveyance of chemical products, steam, and other similar substances.

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The global industrial valves market is currently experiencing a surge in investment and growth, with a significant portion of this momentum attributed to the oil and gas sector. The oil and gas industry, known for its extensive and complex infrastructure, heavily relies on industrial valves to ensure the efficient flow of fluids and gases, control processes, and maintain safety standards.

Fueling Growth

  • Increasing Energy Demand: With the world’s growing energy needs, the oil and gas industry has had to increase production and distribution. This requires a substantial number of industrial valves to control the flow of oil, natural gas, and refined products through pipelines, refineries, and distribution networks.
  • Safety and Regulation: Safety is paramount in the oil and gas sector. Industrial valves play a crucial role in maintaining the integrity of equipment and preventing accidents. Stricter safety regulations and the need for more advanced valve technologies have led to increased investment in this market.
  • Technological Advancements: As technology advances, so does the efficiency and reliability of industrial valves. New innovations such as smart valves, remote monitoring, and predictive maintenance solutions are becoming more prevalent in the industry. These innovations not only enhance safety but also reduce operational costs, making them attractive investments for oil and gas companies.
  • Global Expansion: The globalization of the oil and gas industry means that valves need to function in diverse environments and conditions. As companies expand their operations to more challenging locations, there is a growing need for valves that can withstand extreme temperatures, pressures, and corrosive substances.

Investment Opportunities

Investors and manufacturers in the industrial valves market are seizing the opportunities presented by the oil and gas sector’s growth. Key areas of investment and innovation include:

  • Advanced Materials: Research and development efforts are focusing on creating materials that can withstand the harsh conditions of oil and gas operations. High-performance materials like superalloys and exotic metals are being used to ensure valve durability.
  • Smart Valve Technologies: Automation and remote monitoring are becoming standard in the industry, leading to increased investments in smart valve technologies. These innovations allow for real-time monitoring, predictive maintenance, and enhanced control.
  • Environmental Considerations: As the world becomes more environmentally conscious, the industry is exploring valves designed to minimize emissions and improve energy efficiency. Valves that reduce fugitive emissions are gaining importance in the market.
  • Expansion into Emerging Markets: As developing countries increase their energy consumption, the oil and gas sector is expanding into new markets. This drives demand for industrial valves in regions where infrastructure is still developing.

Key Companies Profiled

  • Emerson Electric
  • KITZ Corporation
  • Schlumberger Limited
  • Flowserve Corporation
  • Watts Water Technologies
  • Weir Group Plc.
  • Technip FMC Plc.
  • KSB SE & Co. KGaA
  • Alfa Laval Corporate

Key Segments of the Industrial Valves Market

Fact.MR’s study on the Industrial Valves market offers information divided into four key segments— valve type, valve material, function, end use and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

  • By Valve Type :
    • Check Valve
      • Dual Plate
      • Piston Lift
      • Spring Loaded Disk
      • Swing Check
      • Tilting Check
      • Y Pattern
      • T Pattern
    • Gate
      • Parallel
      • Wedge
    • Globe
      • Tee
      • Angle
      • Wye
    • Ball
      • Trunnion
      • Floating
      • Threaded Series
    • Plug
      • Lined
      • Lubricated
      • Non-Lubricated
    • Butterfly
    • Safety Relief
    • Other
  • By Valve Material :
    • Cast Steel
    • Carbon Steel
    • Stainless Steel
    • Bronze
    • Other Alloys
  • By Function :
    • Manual
    • Automatic
  • By End Use :
    • Oil & Gas
    • Chemical
    • Water & Wastewater Treatment
    • Power Plants
    • Paper & Pulp
    • Others
  • By Region :
    • North America
    • Latin America
    • Eastern Europe
    • Western Europe
    • APEJ
    • MEA
    • Japan

The oil and gas sector’s influence on the industrial valves market cannot be overstated. As energy demand continues to rise, the need for reliable, efficient, and safe valve solutions in this sector is ever-present. Investment in advanced technologies, materials, and environmentally friendly solutions is driving growth and innovation in the industrial valves market, ensuring that it remains a vital component of the global energy landscape. The symbiotic relationship between the oil and gas industry and the industrial valves market is set to endure, benefitting both sectors as they continue to evolve and meet the world’s energy needs.

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