Global Valves Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Valves market:
The latest research study on the global Valves market finds that the global Valves market reached a value of USD 64641.44 million in 2022. It’s expected that the market will achieve USD 90131.71 million by 2028, exhibiting a CAGR of 5.7% during the forecast period.

A valve is a device that regulates, directs or controls the flow of a fluid (gases, liquids, fluidized solids, or slurries) by opening, closing, or partially obstructing various passageways. Valves are technically fittings, but are usually discussed as a separate category. In an open valve, fluid flows in a direction from higher pressure to lower pressure. The word is derived from the Latin valva, the moving part of a door, in turn from volvere, to turn, roll. Valves are used to control the flow of fluids and gases in number of industries. Rising industrialization globally has given rise to the demand of industrial valves. Often, valves are used to contain flammable, hazardous fluids and gases. Valves control the pressure of such fluids and gases such that they do not escape or leak from the pipes or the pipeline systems. Valves can be manually and automatically operated. The strong need for efficient workplace safety has increased as many industrial processes produce flammable gases and fluids. The need for efficient work place safety is expected to fuel the demand for valves globally.

Limitations
In addition to some developed regions in Europe and the United States, many regions have small scale, low industrial concentration, unreasonable product structure, weak independent innovation capability, backward equipment and technology, high input, high consumption, high pollution, low efficiency and low efficiency.
Due to the limitation of the level of casting technology, raw materials such as cast steel and cast iron are wasted in the production process. A large amount of waste in the casting process is not conducive to cost savings in the valve industry, and is not conducive to the valve industry to strive for greater living space in the fierce market competition, and is not conducive to the long-term development of the valve industry.

Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:
Emerson Electric is one of the major players operating in the Valves market, holding a share of 3.71% in 2018.

Emerson is a technology and engineering company providing solutions for the industrial, commercial and consumer markets worldwide. The company's Automation Solutions division provides products and integrated solutions, including measurement and analysis instruments; valves, actuators and regulators; industrial solutions and process control systems and solutions. It serves oil and gas, refining, chemicals and power generation, pharmaceuticals, food and beverage, automotive, pulp and paper, metal and mining, and municipal water supply markets.

IMI plc is the world's leading provider of critical flow control solutions that help critical energy and process industries operate safely, cleanly, reliably and efficiently. IMI plc designs, manufactures and services engineering products worldwide. The company operates through three divisions: IMI Critical Engineering, IMI Precision Engineering and IMI Hydronic Engineering.

Segmentation Overview:
Among different product types, Ball Valves segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, Oil and Gas segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Valves market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Valves market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Valves and its sub-markets in an intuitive way.

Key Companies in the global Valves market covered in Chapter 3:
Flowserve Corporation
Honeywell International Inc.
Emerson Electric Co.
Rotork Plc
KITZ Corporation
Goodwin International Ltd
Bürkert Fluid Control Systems
General Electric Company
Schlumberger Limited
AVK Holding A/S

In Chapter 4 and Chapter 14.2, on the basis of types, the Valves market from 2018 to 2029 is primarily split into:
Pressure Reducing Valves
Safety/Relief Valves
Control Valves

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Valves market from 2018 to 2029 covers:
Oil & Gas
Power
Chemicals
Marine
Construction
Pulp & Paper
Mining
Water & Waste Water Treatment
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Valves market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions