The global Industrial Valves market accounted for USD 64.1 Billion in 2020 and is expected to reach USD 109.1 Billion by 2028, growing at a CAGR of around 6.5% between 2021 and 2028.
Market Overview
The global Industrial Valves market accounted for USD 64.1 Billion in 2020 and is expected to reach USD 109.1 Billion by 2028, growing at a CAGR of around 6.5% between 2021 and 2028.
Industrial valves are used in various process industries for regulation, direction, and control of gases, liquids, vapors, and others. The raw material used for the manufacturing of Industrial valves are carbon steel, cast iron, stainless steel, and other. It has high functioning metal alloys to obtain efficient flow control in industries such as water & waste water, oil & power, food & beverages, chemicals, and others.
The entrance of new players in the Industrial Valves market is also set to propel the market growth For instance, in August 2018, Velan Inc.’s completely controlled subsidiary situated in Italy has been offered essential contracts for the supply of 3 different kinds of valves. The contract also states to supply these valves to MODEC Offshore Production Systems. Now, MODEC Offshore Production Systems is a firm located in Singapore. These orders have a total sales value of almost $18 Million and are planned for delivery by early 2019, thereby driving the profit for global industrial valves market.
COVID-19 Impact Analysis:
The restrictions imposed by various nations to contain COVID had stopped the demand and supply resulting in a disruption across the whole supply chain. Pandemic has shut down the entire world due to outbreak. The market would remain bullish in upcoming year. The significant decrease in the global Industrial Valves market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.
Growth Factors
Developing nations such as China, India, and Brazil are incessantly branching out their industrial infrastructure, thereby flourishing the development of global industrial valves market. Increasing urbanization has resulted in global industrial valves market to develop rapidly from the last couple of years. Rising offshore gas and oil projects all over the world, reduced operating costs, rising demand from process & manufacturing sector due to enhanced safety, and enduring efforts to extend water infrastructures in developing nations are the major reasons likely to favor the development of global industrial valves market.
On the other hand, vagueness in crude oil costs that makes the project fiscally unstable might hinder the growth of global industrial valves market in the coming years. Nevertheless, increasing requirement of energy from all sections is likely to open up new opportunities of development for the global industrial valves market in the years to come.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Segment Analysis Preview
On the basis of Type, Industrial Valves market has been divided as Gate, Butterfly, Ball, Check, Globe. Ball valve held the major share in the market. Ball valves are straight-through & quarter-turn valves employed in conditions where tight shut-off is needed.
On the basis of application, the market is segmented into Oil & Gas, Chemical, Power, Water & Wastewater and Other. Employment of gate valves in application industry such as gas & oil industry, manufacturing, pharmaceuticals, marine, and automotive is likely to experience noteworthy growth for the global industrial valves market in the forecast period.
Regional Analysis Preview
Asia Pacific ruled the Industrial Valves market with over 35.5% share and has a sturdy attendance in the market. Rising offshore gas and oil projects all over the world, reduced operating costs, rising demand from process & manufacturing sector due to enhanced safety, and enduring efforts to extend water infrastructures in developing nations are the major reasons likely to favor the development of global industrial valves market.
Key Market Players & Competitive Landscape
The major players operating Industrial Valves market are Alfa Laval, Velan Inc., Delta Pacific Valves Ltd., GWC Valve International Inc., Cameron International, Goodwin Plc, Camtech Valves, Pentair Plc., Neway Valve (Suzhou) Co., Ltd. and Valvitalia S.P.A amongst others.
The global Industrial Valves Market is segmented as follows:
By Type
By Applications
By Region
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Industrial Valves Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 7. Global Industrial Valves Market for Gate valve, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Industrial Valves Market for Gate valve, By Country, 2020 & 2028
FIG NO. 9. Global Industrial Valves Market for Butterfly valve, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Industrial Valves Market for Butterfly valve, By Country, 2020 & 2028
FIG NO. 11. Global Industrial Valves Market for Ball valve, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Industrial Valves Market for Ball valve, By Country, 2020 & 2028
FIG NO. 13. Global Industrial Valves Market for Check valve, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Industrial Valves Market for Check valve, By Country, 2020 & 2028
FIG NO. 15. Global Industrial Valves Market for Globe valve, Revenue (USD Billion) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Industrial Valves Market for Globe valve, By Country, 2020 & 2028
FIG NO. 17. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 18. Global Industrial Valves Market for Oil & gas, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Industrial Valves Market for Oil & gas, By Country, 2020 & 2028
FIG NO. 20. Global Industrial Valves Market for Chemical, Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Industrial Valves Market for Chemical, By Country, 2020 & 2028
FIG NO. 22. Global Industrial Valves Market for Power, Revenue (USD Billion) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Industrial Valves Market for Power, By Country, 2020 & 2028
FIG NO. 24. Global Industrial Valves Market for Water & wastewater, Revenue (USD Billion) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Industrial Valves Market for Water & wastewater, By Country, 2020 & 2028
FIG NO. 26. Global Industrial Valves Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Industrial Valves Market for Others, By Country, 2020 & 2028
FIG NO. 28. Global Industrial Valves Market Revenue Share, By Region, 2020 & 2028
FIG NO. 29. North America Industrial Valves Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 30. Porter’s Five Forces Analysis for Global Industrial Valves Market
FIG NO. 31. PEST Analysis for Global Industrial Valves Market
FIG NO. 32. Pricing Analysis for Global Industrial Valves Market
FIG NO. 33. Value Chain Analysis for Global Industrial Valves Market
FIG NO. 34. Company Share Analysis, 2019
FIG NO. 35. Radar Determinant Chart, 2019
FIG NO. 36. Company Strategic Developments – Heat Map Analysis
FIG NO. 37. Alfa Laval Business Segment Revenue Share, 2020 (%)
FIG NO. 38. Alfa Laval Geographical Segment Revenue Share, 2020 (%)
FIG NO. 39. Market Channels
FIG NO. 40. Marketing Channel Development Trend
FIG NO. 41. Growth in World Gross Product, 2008-2018
FIG NO. 42. Research Methodology – Detailed View
FIG NO. 43. Research Methodology
List of Tables
TABLE NO. 1. Global Industrial Valves Market: Snapshot
TABLE NO. 2. Quarterly Industrial Valves Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Industrial Valves Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Industrial Valves Market for Gate valve, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Industrial Valves Market for Butterfly valve, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Industrial Valves Market for Ball valve, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Industrial Valves Market for Check valve, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Industrial Valves Market for Globe valve, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11: Global Industrial Valves Market for Oil & gas, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12: Global Industrial Valves Market for Chemical, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Industrial Valves Market for Power, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Industrial Valves Market for Water & wastewater, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Industrial Valves Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. Global Industrial Valves Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 17: North America Industrial Valves Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 18. North America Industrial Valves Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 19: North America Industrial Valves Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 20. U.S. Industrial Valves Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 21. U.S. Industrial Valves Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 22. Canada Industrial Valves Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 23. Canada Industrial Valves Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 24. Mexico Industrial Valves Market Revenue, By Type, 2016 – 2028 (USD Billion)
TABLE NO. 25. Mexico Industrial Valves Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 26. Drivers for the Industrial Valves Market: Impact Analysis
TABLE NO. 27. Restraints for the Industrial Valves Market: Impact Analysis
TABLE NO. 28. Major Buyers of Industrial Valves
TABLE NO. 29. Distributors/Traders List of Industrial Valves
TABLE NO. 30. Global Industrial Valves Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 31: Global Industrial Valves Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
This report is based on in-depth qualitative and quantitative analyses of the global Industrial Valves market. Zion Research has collected and analyzed key data belong to the global Industrial Valves market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Industrial Valves across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assistedin validation of findings from secondary research and to understand key trends in the Industrial Valves industry. Primary research makes up a major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Industrial Valves market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Industrial valves are used to control the flow of liquids and gases through pipeline. The size of valve specific and is related to the volume of fluids that expected to flow through it. These valves can be operated manually or automatically. The liquids and gases industry is hazardous and any mishap leads to environmental degradation and delay in operations.
The growth of the industrial valves market has been attributed to increasing demand in industries such as oil and gas, wastewater and power among others. Furthermore, expanding industrial infrastructure in emerging markets such as Brazil, India, and China, increasing offshore oil and gas projects, improved safety and reduced operating costs are the major driving factor expected to impact industrial valve market positively. However, a price war among vendors and strict government regulations and policies is expected to pose a challenge to market growth. However, uncertainty in crude oil prices which makes the project economically unstable. This fact may hamper the market growth over years to come. Nonetheless, rising demand of energy from all sectors across the world is expected to open up new growth opportunities in near future.
Gate valve, butterfly valve, ball valve, check valve and globe valve are the different types of industrial valves. Ball valves segment registered for over 20% of the revenue share in 2015. Ball valves are primarily used for flow control and situations where tight shut-off is required. In term of application, the market is categorized under oil & gas, chemical, power, water & wastewater, and other application.
Industrial valves market is growing at the rapid pace due to increasing energy demand in the developing countries, such as India and China, of Asia-Pacific region. There are several production projects planned in regions such as West Africa and Brazil. West Africa and Brazil are some of the major regions for offshore oil and gas investments.
Key players profiled in the report include Alfa Laval, Velan Inc., GWC Valve International Inc., Delta Pacific Valves Ltd., Cameron International, Goodwin Plc , Camtech Valves , Pentair Plc. , Neway Valve (Suzhou) Co., Ltd. and Valvitalia S.P.A amongst others.
Request the coronavirus impact analysis across industries and markets
The global Industrial Valves Market was valued at USD 64.1 Billion in 2020.
The global Industrial Valves Market is expected to reach USD 109.1 Billion by 2028, growing at a CAGR of 6.5% between 2021 to 2028.
Some of the key factors driving the global Industrial Valves Market growth are Developing nations such as China, India, and Brazil are incessantly branching out their industrial infrastructure, and increasing requirement of energy from all sections.
Asia Pacific ruled the Industrial Valves market with over 35.5% share and has a sturdy attendance in the market. Rising offshore gas and oil projects all over the world, reduced operating costs, rising demand from process & manufacturing sector due to enhanced safety, and enduring efforts to extend water infrastructures in developing nations are the major reasons likely to favor the development of global industrial valves market.
Some of the major players of global Industrial Valves market includes Alfa Laval, Velan Inc., Delta Pacific Valves Ltd., GWC Valve International Inc., Cameron International, Goodwin Plc, Camtech Valves, Pentair Plc., Neway Valve (Suzhou) Co., Ltd. and Valvitalia S.P.A amongst others.
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