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Global Industrial Valves Market By Type (Gate Valves, Globe Valves, Others), By Material (Steel, Cast Iron, Others), By Function (Control, On-Off/Isolation, Others), By End-Users, By Region, Forecast & Opportunities to 2026

The global industrial valves market accounted for a value of USD 40.3 billion in 2019 and is projected to register growth at a CAGR of 9.9% during forecast period.

COVID-19 has impacted the industrial valves market. The manufacturing facilities have to halt its production due to lockdown and the supply chain of finished products and raw material got disrupted due to travel restriction. The oil & gas industry is impacted significantly due to outbreak of corona virus as the oil prices are slashing and major oil producers are running out of storage space for and demand is declining adversely. The international borders are closed which leads to suspension of import and export activities and the foreign trade is restricted to control transmission of corona virus. This leads to reduction in demand and adoption of valves in the market however, the vales market is likely witness growth post COVID-19.

Definition:

Valve can be defined as a device that regulates, control or directs flows of a fluid by opening or closing various passageways. Valves are technically fittings and have various uses including industrial uses. The valve is a freely hinged flap which swings down to obstruct fluid flow in one direction.

Market Dynamics (Drivers/Opportunities):

The demand for valves is rapidly increasing in pharmaceuticals and healthcare industries due to outbreak of corona virus. The demand for critical medical devices is increasing around the world due to increasing number of cases of corona virus. The industrial valves are vital for manufacturing of different type of medical devices. This increases the demand for industrial valves and drives growth in industrial valves market during forecast period.

The demand and adoption of industrial vales is increasing in various verticals such as oil & gas, agriculture, metals & mining, pharmaceuticals & healthcare and building & construction. The research & development activities are increasing in the valves segment. the investment in industrial valves is also increasing by manufacturers and this boosts growth in industrial valve segment during forecast period.

Market Insights, by Type

On the basis of type, the industrial valves market is segmented into ball valves, butterfly valves, check valves, diaphragm valves, gate valves, globe valves, safety valves and plug valves. The globe valves segment is estimated to hold largest market share during forecast period. The globe valves are most popular valves and these valves are used to control flow in a pipeline. The globe valves not leak as much as other valves. These valves offer various benefits such as shorter opening & closing time, positive shut-off and better-closing characteristics. This increases adoption of globe valve and drives growth in this segment during forecast period.

Market Insights, by End-Users

On the basis of end-users, the industrial valves market is segmented into oil & gas, agriculture, metals & mining, pharmaceuticals & healthcare, pulp & paper, building & construction, chemicals, food & beverages, energy & power, water & wastewater treatment and others. The oil & gas segment is estimated to hold largest market share during forecast period. The energy demand is increasing and drilling activities are also increasing in the Gulf Cooperation Council (GCC) countries. The oil & gas adopts valves at large scale to operate and this drives growth in oil & gas end-users segment during forecast period.

Regional Insights

North America region is estimated to grow at highest CAGR during forecast period. The industrial valves are largely adopted in this region as this region is home for largest multinational companies such as Cameron-Schlumberger, Emerson, Crane and Flowserve Corporation. The R&D activities are increasing in this region due to increasing demand for the actuators in the valves for automation. The R&D sector increases the application of industrial valves in different industries. The demand and adoption of industrial valves is higher in this region and this drives growth in North America region during forecast period.

Key Companies & Market Share Insights

The key market players in industrial vales sector are Emerson, Cameron-Schlumberger, Flowserve Corporation, IMI PLC, Metso Corporation, Spirax Sarco, Crane Co., Kitz Corporation, Trillium Flow Technologies, Bray International, Neway valve Co., Samson Controls, Velan Inc., AVK Holdings A/S, Avcon Controls, Forbes Marshall and Ham-Let.

Segments Covered in the Report

This report forecasts The Global Industrial Valve Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global industrial valve market report on the basis of type, material, function and end-users.

Industrial Valve Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Industrial Valve Market, By Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Ball Valves
  • Butterfly Valves
  • Check valves
  • Diaphragm Valves
  • Gate Valves
  • Globe Valves
  • Safety Valves
  • Plug Valves
  1. Industrial Valve Market, By Material, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Steel
  • Cast Iron
  • Cryogenic
  • Alloy Based
  • Others
  1. Industrial Valve Market, By Function, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Control
  • On-Off/Isolation
  • Others
  1. Industrial Valve Market, By End-Users, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Oil & Gas
  • Agriculture
  • Metals & Mining
  • Pharmaceuticals & Healthcare
  • Pulp & Paper
  • Building & Construction
  • Chemicals,
  • Food & Beverages
  • Energy & Power
  • Water & Wastewater Treatment
  • Others
  1. Industrial Valve Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Material
    • By Function
    • By End-Users
    • By Country
      • USA
        • By End-Users
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Material
      • By Function
      • By End-Users
      • By Country
        • Brazil
          • By End-Users
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Material
        • By Function
        • By End-Users
        • By Country
          • UK
            • By End-Users
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Material
          • By Function
          • By End-Users
          • By Country
            • China
              • By End-Users
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Material
            • By Function
            • By End-Users
            • By Country
              • Saudi Arabia
                • By End-Users
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Ham-Let
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Emerson
    • Cameron-Schlumberger
    • Flowserve Corporation
    • IMI PLC
    • Metso Corporation
    • Spirax Sarco
    • Crane Co.
    • Kitz Corporation
    • Trillium Flow Technologies
    • Bray International
    • Neway valve Co.
    • Samson Controls
    • Velan Inc.
    • AVK Holdings A/S
    • Avcon Controls
    • Forbes Marshall
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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