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Global Industrial Valves Industry Report: Country Overview; Value Chain Analysis; Production Process; Trade Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis; Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Negotiation Levers, Key Factors Influencing the Quotation; Key Supplier Analysis, 2022-2027

Industrial Valves Industry Report by Regional Category Spend, Price Analysis, Key Demand, Price Indicators, and Best Buying Practices


The global industrial valves market reached a value of about USD 89.8 Billion in 2021. The industry is projected to grow at a CAGR of around 3.5% in the forecast period of 2022-2027 to reach a value of USD 115 billion by 2027.

The industrial valves industry report comprehensively analyses the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The fast pace of global industrialisation has led to the rise in the demand for industrial valves in the past few years. These industrial valves deliver an effortless and reasonably priced method of managing the movement of materials across all key industries. The Asia Pacific is the highest category spender by region that is driving the demand for the industrial valves industry.

Industry Definition and Segmentation

Industrial valves are automated mechanical tools or gadgets that are utilised to regulate and monitor the stream or flow of water or liquids, gases, and slurries. In other words, these valves are monitors or mechanisms that regulate the flow of gases or liquids through pipes or other passages by way of opening, closing, and partly releasing the vaults. Industrial valves are predominantly being used in numerous industries for the purpose of regulating and managing the flow of materials. Furthermore, they are designed to carry out and control high pressure and temperature while offering a high level of efficiency. The global industrial valves industry report comprises segments based on type (globe, ball, gate, butterfly, plug, safety relief, and check), application (oil and gas, power, water and wastewater, refining, chemical and petrochemical, paper and pulp, iron and steel, and pharmaceutical) and regions (Europe, North America, Asia Pacific, and Latin America).

The Asia Pacific Region is Driving the Growth of the Industry

The Asia Pacific region excluding Japan is leading the international industrial valve market, by holding 42.2% of the share in 2022. The utilisation of industrial valves is increasing in the region primarily because of the rising oil and gas industrial activities, the augmentation of residential and commercial sectors, and the subsequent growing requirement for treating the water in countries like India and China. Along with these factors, government assistance is also anticipated to promote the growth in the demand for industrial valve usage in the Asia Pacific region.

With the increase in the demand for fuel across the globe, several nations are introducing new oil and gas discovery projects. This is projected to propel the demand for advanced valve technology. Correspondingly, many water treatment plants are being opened to fulfil the increasing need for freshwater demand globally.  As a result of this, the industrial valve market will witness skyrocketing growth in the near future. Moreover, the prominent companies in the market are concentrating on launching green and digital products that will help specialists to manage and examine the flow of materials from distant places. This will in return support them to intensify their sales. In addition, the governments around the world are witnessing a lot of responsibilities arising from expanding population and worldwide fast urbanisation. Hence, governments at the global level are investing increasingly to cater to the basic needs of the public such as freshwater and gas. Vigorous progress in the water industry with the formation of new gas distribution systems is projected to enlarge the growth of the industrial valves industry.

On the other hand, valve-producing companies are required to follow diverse types of certifications and policies of different regions while supplying valves. This aspect generates a variety in product specifications owing to the extensive applicability of valves in several end-user industries. Nevertheless, this diversity is hampering the progress of the industrial valve market as the companies need to change the same product as per the regional policies, which creates problems for valve manufacturers to gain a perfect cost of installation.

Best Procurement Practices

The global industrial valves industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by industrial valves providing and utilising regions across the globe, such as contract terms, engagement models, and buyer and supplier negotiation levers, among others.

Category Management Studies

A lot many factors add to the efficiency of the intricate manufacturing process of the industrial valve including raw material procurement, machining, heat treatment, welding, assembly, and testing. Once the design is finalised and the orders are placed, the production unit looks for the raw materials to be used for the stem, spool, body, and bonnet. Thereafter the production process begins performing numerous activities in the process of manufacturing industrial valves. All the main components are produced individually. The two popular methods of manufacturing valves are the casting method and the forged method. After the production process is completed, the technicians assemble all the valve components. The valves are then sent for pressure testing for leakage. Finally, valves go through meticulous quality testing and inspection for leaks and other production faults before the manufacturing companies hand over the order to their clients.

Rising Demand from the Power Industry is Anticipated to Further Drive the Procurement of Industrial Valves Market

Valves are utilised for multiple applications in the power industry such as boiler start-ups, feed pump recirculation, steam conditioning, and turbine bypass.  It has been estimated that by 2030, the worldwide electricity demand would grow by 75%. In addition, the various governments’ focus on expanding the additions to the capacity of power plants within their country is enhancing the demand for valves in the power industry. For instance, in China, several new power production facilities are being developed by both the government and other organisations that are generating demand for superior controlling devices including industrial pumps. Such developments are likely to encourage the rise in the demand for a variety of industrial valves such as steel valves, stainless steel ball valves, pipe valves, and fittings among others.

The key zones in the industry are Europe, North America, Latin America, and the Asia Pacific.

Key Industry Players Mentioned in the Industrial Valves Industry Report

  • The Flowserve Corporation
  • KITZ Corporation
  • Metso Automation
  • Schlumberger Limited
  • Pentair Plc.

Market Landscape

The industrial valves global market is extremely competitive where leading manufacturers are aiming to strategically acquire and expand geographically to sustain their position in the market and make additions to their portfolios. Because of the declining oil prices, the oil and gas industry is concentrating on the execution of effective processes. To meet this need, key market players are acquiring small companies that use innovative solutions to make certain profitability and growth. The market is progressing owing to the increasing adoption of the valves in several significant and serious service applications in various end-use industries, such as oil and gas, energy and power, water and wastewater treatment, chemicals, food and beverages, and pulp and paper.

Key Initiatives by Companies

  • In October 2021, Emerson introduced its first wide-ranging valve assemblies that deliver safety integrity level (SIL) 3 according to the IEC 61508 guideline of the International Electrotechnical Commission.
  • In September 2021, KITZ Corporation acquired a common share of TOA Valve Engineering Inc. (Japan) and endorsed an agreement of investment and business partnership. This partnership supported both the organisations to further raise their corporate value and augment their businesses through jointly sharing their approaches, technologies and assets related to the production of valves.

1.    Executive Summary
2.    Industrial Valves Market Snapshot

    2.1.    Industrial Valves Market Outlook
    2.2.    Industrial Valves Industry Analysis By Valve Type
        2.2.1.    Globe
        2.2.2.    Ball
        2.2.3.    Gate
        2.2.4.    Butterfly
        2.2.5.    Plug
        2.2.6.    Safety Relief
        2.2.7.    Check
    2.3.    Industrial Valves Industry Analysis By Application
        2.3.1.    Oil and Gas
        2.3.2.    Power
        2.3.3.    Water and wastewater
        2.3.4.    Refining
        2.3.5.    Chemical and Petrochemical
        2.3.6.    Paper and Pulp
        2.3.7.    Iron and Steel
        2.3.8.    Pharmaceutical
    2.4.    Regional Overview
        2.4.1.    North America
        2.4.2.    Europe
        2.4.3.    Asia Pacific 
        2.4.4.    Latin America
3.    Impact of Recent Events 
4.    Industrial Valves Value Chain Analysis 
5.    Industrial Valves Production Process
6.    Trade Analysis 
7.    Major Risk Factors in Sourcing
8.    Industrial Valves Cost Structure
9.    Industrial Valves Price Analysis 
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    Industrial Valves Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    Swot Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New Entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Industry Best Practices
    13.1.    Sourcing Strategy
    13.2.    Procurement Model
    13.3.    Contract Structure
    13.4.    Negotiation Levers
    13.5.    Pricing Model
    13.6.    Key Factors Influencing the Quotation 
14.    Key Supplier Analysis
    14.1.    The Flowserve Corporation
    14.2.    KITZ Corporation
    14.3.    Metso Automation
    14.4.    Schlumberger Limited
    14.5.    Pentair Plc

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Key Questions Answered in the Report

In 2021, the global attained a volume of around USD 89.8 Billion in 2021.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 3.5%.

The primary drivers are the rising oil and gas industrial activities, the augmentation of residential and commercial sectors, and the subsequent growing requirement for treating the water.

The major regions in the industry are North America, Europe, the Asia Pacific, and Latin America.

Some of the leading players in the industry are The Flowserve Corporation, KITZ Corporation, Metso Automation, Schlumberger Limited, and Pentair Plc.

Analyst Review

The global industrial valves market reached a value of about USD 89.8 Billion in 2021 and is projected to grow at a CAGR of around 3.5% in the forecast period of 2022-2027. Industrial valves are monitors or mechanisms that regulate the flow of gases or liquids through pipes or other passages by way of opening, closing, and partly releasing the vaults. The utilisation of industrial valves is increasing in the Asia Pacific primarily because of the rising oil and gas industrial activities, the augmentation of residential and commercial sectors, and the subsequent growing requirement for treating the water in countries like India and China. Valves are utilised for multiple applications in the power industry such as boiler start-ups, feed pump recirculation, steam conditioning, and turbine bypass. Some of the leading players in the industry are The Flowserve Corporation, KITZ Corporation, Metso Automation, Schlumberger Limited, and Pentair Plc.

Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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