Industrial Valve Market by Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026
Published On: January 2020
 
Report ID:407150
 
Category: Machinery
 
Pages: 250




The global industrial valve market is expected to grow from USD 70.17 billion in 2018 to USD 93.79 billion by 2026, at a CAGR of 3.66% during the forecast period 2019-2026. One of the major factors driving the growth of the market is the rising demand from the power and chemical industries.

Market Overview:                                                                                                                               

Industrial valves are built to handle high pressure, either from fluid or gas and to last through years of use in harsh environments. Most utilities, from water to oil and gas, have a high requirement of heavy-duty, industrial-strength valves. Industrial valves are of various types such as globe valves, ball valves, butterfly valves, check valves, pressure valves, gate valves, and diaphragm valves, etc. The flow of liquids or gases can be controlled using these valves. This can be done through pipes and other passageways by opening, closing, and partially obstructing the passageway or pipe.

Report Description:

  • The base year for the study has been considered 2018, the historic years 2016 and 2017 and, the forecast period considered is from 2019 to 2026. The global industrial valve market is analyzed on the basis of value (USD billion) volume (units), consumption (units), imports (units) and exports (Units).
  • The study delivers a comprehensive analysis of the global industrial valve market by type, industry vertical, and regions. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global industrial valve market. This report incorporates the industry analysis which is focused on providing an extensive view of the industrial valve market.
  • The study also includes attractiveness analysis of type, industry vertical, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunities for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the industrial valve market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:                                                                                               

Drivers:                                                                                                                     

  • The immense rise in demand for power in developing regions has given rise to the need for power plant investments, leading to an increase in demand for industrial valves
  • Replacement of manual valves with smart valves drives the market in the developed regions
  • Process-oriented manufacturing units strive to continuously increase their operating efficiencies, resulting in an increase in demand for valves

Restrains:

  • The high cost of industrial valve

Opportunities:

  • Increased adoption of diagnostics and smart technology in industrial valves

Challenges:

  • A drop in the requirement from petrochemical industries 

Global Industrial valve Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.

Segmentation Analysis:

The global industrial valve market has been segmented on the basis of type, industry vertical and end-user industry.

  • The type segment includes the ball, butterfly, gate, globe, check, and plug. Ball valves accounted for over 19% of the revenue share in 2018. These valves are primarily used for flow and pressure control and shut off for corrosive fluids, slurries, normal liquid, and gases. They are used in the oil and natural gas industry, manufacturing sectors, chemical storage, and even for residential uses.
  • The industry vertical segment is fragmented into oil & gas, power, pharmaceutical, municipal wastewater, chemical, and food & beverage. Oil &gas segment accounted for over 21% of the overall revenue share in 2018. Factors such as technological advancement, increasing demand for deeper wells, and lower production cost contributed to the industrial valves market growth. In addition to this, increasing pipeline installations and the need for monitoring & controlling from the centralized location has increased the demand for industrial valves in the oil and gas industry.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Industrial valve market in Asia Pacific is expected to grow at the CAGR of 9.3% during the forecast period, with the leading countries such as China, Japan, South Korea, and India. In developing countries, especially in China and India, valve suppliers are expected to benefit from rising urbanization. Large-scale migration from villages to cities will, in many cases, necessitate major upgrades to existing water supply and power generation infrastructures, bolstering valve sales in the process. The largest and most advanced industrial valve industries are typically located in the developed nations. China, however, is the one key exception to this rule, with the country being the world’s largest valve producing nation in 2018 and accounting for 20 percent of global shipments.

  • Germany, the US, Japan and Italy together accounted for an additional 44 percent of global valve shipments in 2018 on a value basis. Other important producers include France, UK, Russia and Taiwan.

Global Industrial valve Market Competitive Analysis:

Key players in the global industrial valve market are Curtiss-Wright Corp., Emerson Electric, KSB AG, Flowserve Corporation, Kitz Corp., Delta-Pacific Valves Ltd., CIRCOR International, AlfaLaval AB, AVK Group, Camtech Manufacturing FZCO, Cameron International, Goodwin PLC, GWC Valve International Inc., and Watts Water Technologies, Inc. among others. The global industrial valve market is highly fragmented with the presence of numerous players in the industry. The companies are mainly focusing on product innovation, merger and acquisition, and geographical expansion to gain a major share in the market.

In December 2018, Emerson announced that it has acquired Advanced Engineering Valves, a leading manufacturer of innovative valve technology that helps LNG customers operate more efficiently.

In February 2018, KSB Pumps Ltd has secured a €55 million order from M/s Nuclear Power Corporation of India (NPCIL) to supply primary coolant pumps as a part of the Make in India initiative.

In April 2017, Pentair plc announced that it has completed the sale of its Valves & Controls business to Emerson Electric Co for USD 3.15 billion, subject to customary working capital adjustments.

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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Markets has segmented the global industrial valve market on the basis of below-mentioned segments:

Global Industrial valve Market by Product:

  • Ball
  • Butterfly
  • Gate
  • Globe
  • Check
  • Plug

Global Industrial valve Market by Industry vertical:

  • Oil & Gas
  • Power
  • Pharmaceutical
  • Municipal Wastewater
  • Chemical
  • Food & Beverage

Global Industrial valve Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa 
    • UAE
    • South Africa

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
 

2. Research Methodology and Assumptions
 

3. Executive Summary
 

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Product
          4.3.2. Market Attractiveness Analysis By Industry vertical
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends
 

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The immense rise in demand for power in developing regions has given rise to the need for power plant investments, leading to an increase in demand for industrial valves
          5.2.2. Replacement of manual valves with smart valves drives the market in the developed regions
          5.2.3. Process-oriented manufacturing units strive to continuously increase their operating efficiencies, resulting in an increase in demand for valves
    5.3. Restrains
          5.3.1. High cost of industrial valve
    5.4. Opportunities
          5.4.1. Increased adoption of diagnostics and smart technology in industrial valves
    5.5. Challenges
          5.5.1. Drop-in requirement from petrochemical industries
 

6. Global Industrial Valve Market Analysis and Forecast, By Product
    6.1. Segment Overview
    6.2. Ball
    6.3. Butterfly
    6.4. Gate
    6.5. Globe
    6.6. Check
    6.7. Plug
 

7. Global Industrial Valve Market Analysis and Forecast, By Industry vertical
    7.1. Segment Overview
    7.2. Oil & Gas
    7.3. Power
    7.4. Pharmaceutical
    7.5. Municipal Wastewater
    7.6. Chemical
    7.7. Food & Beverage
 

8. Global Industrial Valve Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa
 

9. Global Industrial Valve Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in the Industrial Valve Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions
 

10. Company Profiles
    10.1. Curtiss-Wright Corp.
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Type Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Emerson Electric
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Type Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. KSB AG
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Type Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Flowserve Corporation
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Type Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Kitz Corp.
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Type Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Delta-Pacific Valves Ltd.
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Type Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. CIRCOR International
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Type Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. AlfaLaval AB
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Type Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. AVK Group
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Type Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Camtech Manufacturing FZCO
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Type Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
    10.11. Cameron International
          10.11.1. Business Overview
          10.11.2. Company Snapshot
          10.11.3. Company Market Share Analysis
          10.11.4. Company Type Portfolio
          10.11.5. Recent Developments
          10.11.6. SWOT Analysis
    10.12. Goodwin PLC
          10.12.1. Business Overview
          10.12.2. Company Snapshot
          10.12.3. Company Market Share Analysis
          10.12.4. Company Type Portfolio
          10.12.5. Recent Developments
          10.12.6. SWOT Analysis
    10.13. GWC Valve International Inc.
          10.13.1. Business Overview
          10.13.2. Company Snapshot
          10.13.3. Company Market Share Analysis
          10.13.4. Company Type Portfolio
          10.13.5. Recent Developments
          10.13.6. SWOT Analysis
    10.14. Watts Water Technologies, Inc.
          10.14.1. Business Overview
          10.14.2. Company Snapshot
          10.14.3. Company Market Share Analysis
          10.14.4. Company Type Portfolio
          10.14.5. Recent Developments
          10.14.6. SWOT Analysis


List of Table

  1. Global Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  2. Global Ball Market, By Region, 2016–2026 (USD Million)(Units)
  3. Global Butterfly Market, By Region, 2016–2026 (USD Million)(Units)
  4. Global Gate Market, By Region, 2016–2026 (USD Million)(Units)
  5. Global Globe Market, By Region, 2016–2026 (USD Million)(Units)
  6. Global Check Market, By Region, 2016–2026 (USD Million)(Units)
  7. Global Plug Market, By Region, 2016–2026 (USD Million)(Units)
  8. Global Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  9. Global Oil & Gas Industrial Valve Market, By Region, 2016–2026 (USD Million)(Units)
  10. Global Power Industrial Valve Market, By Region, 2016–2026 (USD Million)(Units)
  11. Global Pharmaceutical Industrial Valve Market, By Region, 2016–2026 (USD Million)(Units)
  12. Global Municipal Wastewater Industrial Valve Market, By Region, 2016–2026 (USD Million)(Units)
  13. Global Chemical Industrial Valve Market, By Region, 2016–2026 (USD Million)(Units)
  14. Global Food & Beverage Industrial Valve Market, By Region, 2016–2026 (USD Million)(Units)
  15. Global Industrial Valve Market, By Region, 2016–2026 (USD Million)(Units)  
  16. Global Industrial Valve Market, By North America, 2016–2026 (USD Million)(Units)
  17. North America Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  18. North America Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  19. U.S. Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  20. U.S. Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  21. Canada Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  22. Canada Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  23. Mexico Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  24. Mexico Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  25. Europe Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  26. Europe Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  27. Germany Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  28. Germany Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  29. France Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  30. France Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  31. U.K. Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  32. U.K. Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  33. Italy Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  34. Italy Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  35. Spain Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  36. Spain Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  37. Asia Pacific Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  38. Asia Pacific Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  39. Japan Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  40. Japan Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  41. China Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  42. China Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  43. India Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  44. India Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  45. South America Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  46. South America Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  47. Brazil Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  48. Brazil Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  49. Middle East and Africa Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  50. Middle East and Africa Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  51. UAE Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  52. UAE Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)
  53. South Africa Industrial Valve Market, By Product, 2016–2026 (USD Million)(Units)
  54. South Africa Industrial Valve Market, By Industry vertical, 2016–2026 (USD Million)(Units)

List of Figures 

  1. Global Industrial Valve Market Segmentation
  2. Industrial Valve Market: Research Methodology
  3. Market Size Estimation Methodology: Bottom-Up Approach
  4. Market Size Estimation Methodology: Top-Down Approach
  5. Data Triangulation
  6. Porter’s Five Forces Analysis
  7. Value Chain Analysis
  8. Global Industrial Valve Market Attractiveness Analysis By Product
  9. Global Industrial Valve Market Attractiveness Analysis By Industry vertical
  10. Global Industrial Valve Market Attractiveness Analysis By Region
  11. Global Industrial Valve Market: Dynamics
  12. Global Industrial Valve Market Share by Product (2018 & 2026)
  13. Global Industrial Valve Market Share by Industry vertical (2018 & 2026)
  14. Global Industrial Valve Market Share by Regions (2018 & 2026)
  15. Global Industrial Valve Market Share by Company (2019)


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