Industry revenue for Industrial Valve is expected to rise to $118.6 billion by 2030 from $83.7 billion of 2023. The revenue growth of industry players is estimated to average at 5.1% annually for period 2023 to 2030. Growing end-industries in major countries like U.S., Germany and Japan, is driving the market demand towards short-term peak; and with such a growth trajectory, Industrial Valve's is expected to evolve shift towards integration. Recent market developments indicate that leading market players are making the strategic market advancements in frontier markets including Vietnam, Brazil and Nigeria.
Industry Leadership and Strategies
Companies such Emerson, Flowserve, Schlumberger, AVK Group, Mueller Water Products, Weir Group, IMI Critical Engineering, Crane Co., KSB Group, Metso Outotec, Bray International and LT Valves are well placed in this market’s competition, which is intensely competitive at application scale.
Industry | Leading Providers | Provider Strategies |
Oil Gas | Emerson, Flowserve, Schlumberger | Focus on energy-efficient solutions and digitalization of valve operations to enhance performance and minimize maintenance |
Water Wastewater | AVK Group, Mueller Water Products | Emphasis on smart valve technologies for enhanced water conservation and leak detection, targeting municipal and industrial clients |
Power Generation | Weir Group, IMI Critical Engineering | Development of high-temperature, high-pressure valves to support the transition to renewable energy and improved plant efficiency |
Chemical | Crane Co., KSB Group | Strong RD investments in corrosion-resistant materials, with focus on growth in emerging chemical processing markets |
Industry Transitions
The growing interest in utilizing renewable energy has created a higher need for valves capable of withstanding extreme temperatures and pressures in power generation settings. Companies such as IMI Critical Engineering are meeting this demand by introducing valve solutions tailored for renewable power facilities.
Digital valve solutions play a part in automating industrial operations and improving efficiency in areas like chemical processing and mining.
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Segment | Subsegment |
Type | Gate Globe Ball Butterfly Check Pluge |
Material | Steel Cast Iron Alloy-Based Others |
End User | Oil Gas Water Wastewater Power Generation Chemical Petrochemical Mining Pulp Paper Others |
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