HOME Top Market Reports Industrial Valves Market by Material Type (Cast Iron, Steel, Cryogenic, Alloy Based), Size, Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Industry (Oil & Gas, Water & Wastewater, Energy & Power), and Geography - Global Forecast to 2023

Industrial Valves Market by Material Type (Cast Iron, Steel, Cryogenic, Alloy Based), Size, Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Industry (Oil & Gas, Water & Wastewater, Energy & Power), and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: May 2017
Report Code: SE 5302

 

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The industrial valves market is expected to witness high growth during the forecast period. The overall market is expected to grow from USD 67.45 Billion in 2016 to USD 84.30 Billion by 2023, at a CAGR of 3.60% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period provided is between 2017 and 2023. The objective of the report is to provide a detailed analysis of the market based on material type, valve type, size, industry, and region; information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges); and a detailed value chain analysis. Moreover, the objective of this report is to strategically profile the key players and competitive landscape for market players, and provide information on product launches, acquisitions, partnerships, agreements, contracts, and collaborations in the industrial valves market.

The research methodology used to estimate and forecast the size of the industrial valves market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include information from various journals and databases such as IEEE journals, Factiva, Hoover’s, and OneSource. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size for industrial valves from the revenue of the key players. This data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The analysis of the market includes extensive primary research to gather information, verify, and validate critical conclusions arrived at after an extensive secondary research.

After arriving at the overall market size, the total market has been split into several segments and subsegments. The following illustration shows the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

Industrial Valves Market

To know about the assumptions considered for the study, download the pdf brochure

The ecosystem for industrial valves comprises manufacturers such as AVK Holding (Denmark), Avcon Controls Private Limited (India), Cameron – Schlumberger (US), Crane Co. (US), Emerson (US), Flowserve (US), Forbes Marshall (India), IMI Plc. (UK), Metso (Europe), Neway Valves (China), Velan Inc. (Canada), Samson AG (Germany), Spirax Sarco (UK), and The Weir Group Plc. (UK).

The target audience for the report includes:

  • Raw material and material testing equipment suppliers
  • Industrial valve integrated device manufacturers (IDMs)
  • Industrial valve technology platform developers
  • Industrial valve original design manufacturers (ODMs)
  •  Industrial valve original equipment manufacturers (OEMs)
  •  Distributors and traders
  •  Research organizations
  • Organizations, forums, alliances, and associations related to industrial valves

“The study answers several questions raised by the stakeholders, primarily which market segments to focus on in the next two to eight years for prioritizing efforts and investments.”

The market covered under this report has been segmented as follows:

Industrial Valves Market, by Material Type:

  • Cast Iron
  • Steel
  • Cryogenic
  • Alloy Based
  • Others (Brass, Bronze)

Industrial Valves Market, by Valve Type:

  • Ball Valves
  • Butterfly Valves
  • Gate Valves
  • Glove Valves
  • Plug Valves
  • Check Valves
  • Diaphragm Valves
  • Safety Valves

Industrial Valves Market, by Size:

  • Up to 1”
  • 1”–6”
  • 6”–25”
  • 25”–50”
  • 50” and Above

Industrial Valves Market, by Industry:

  • Oil & Gas
  • Water & Wastewater
  • Energy & Power
  • Chemical
  • Food & Beverages
  • Pharmaceutical
  • Building & Construction
  • Others (Pulp & Paper and Agriculture)

Industrial Valves Market, by Region:

  • North America
  • Europe
  • APAC
  • Rest of the World (RoW)

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain

Industry Analysis

  • Further breakdown of the industry segment, by size, by material type, and by end connection  

Size Analysis

  • Further breakdown of the size segment, by material type

Geographic Analysis

  • Further breakdown of the geography segment, by valve type, by size, by industry, and by material type

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Market Stakeholders
    1.6 Limitations

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
           2.2.3 Market Share Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 37)
    4.1 Attractive Market Opportunities in the Overall Industrial Valves Market
    4.2 Market, By Material Type
    4.3 Industrial Valves Market, By Industry
    4.4 Region-Wise Analysis of the Market
    4.5 Market Size, By Region
    4.6 Market, By Size

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand From Oil & Gas Production-Related Facilities in Gulf Corporation Council Countries
                    5.2.1.2 High Demand for Energy in APAC
                    5.2.1.3 Increasing Focus on Smart Cities in Emerging Economies Such as China and India
                    5.2.1.4 Revenue Shift in the Industry
                    5.2.1.5 Rising Demand for Automation From Manufacturing and Process Industries for Predictive Maintenance and Monitoring
           5.2.2 Restraints
                    5.2.2.1 Lack of Standardization in Certifications and Policies
                    5.2.2.2 Slowdown in Oil & Gas and Mining Industries
                    5.2.2.3 Downtime Due to Repairing of Valves
                    5.2.2.4 Lack of Product Differentiation
           5.2.3 Opportunities
                    5.2.3.1 Iiot Integration With Valves
                    5.2.3.2 Use of 3d Printers in Manufacturing Lines
                    5.2.3.3 Requirement for Valve Replacements
                    5.2.3.4 Increase in the Number of Refineries and Petrochemical and Chemical Plants
           5.2.4 Challenges
                    5.2.4.1 Minimizing Lead Time
                    5.2.4.2 High Cost of Fabrication
                    5.2.4.3 High Competition in Low-Priced Manufacturing

6 Industry Trends (Page No. - 48)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Consumer Buying Process

7 Industrial Valve Market, By Material Type (Page No. - 51)
    7.1 Introduction
    7.2 Steel
    7.3 Cast Iron
    7.4 Alloy Based
    7.5 Cryogenic
    7.6 Others

8 Industrial Valve Market, By Valve Type (Page No. - 55)
    8.1 Introduction
    8.2 Ball Valve Market
    8.3 Butterfly Valve Market
    8.4 Gate Valve Market
    8.5 Globe Valve Market
    8.6 Plug Valve Market
    8.7 Diaphragm Valve Market
    8.8 Safety Valve Market

9 Industrial Valve Market, By Size (Page No. - 69)
    9.1 Introduction
    9.2 Up to 1”
    9.3 1”–6”
    9.4 6”–25”
    9.5 25”–50”
    9.6 50” & Above

10 Industrial Valves Market, By Industry (Page No. - 76)
     10.1 Introduction
     10.2 Oil & Gas
     10.3 Water & Wastewater
     10.4 Energy & Power
     10.5 Chemical
     10.6 Food & Beverages
     10.7 Pharmaceutical
     10.8 Building and Construction
     10.9 Others

11 Geographic Analysis (Page No. - 91)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia Pacific
     11.5 Rest of the World (RoW)

12 Competitive Landscape (Page No. - 162)
     12.1 Overview
     12.2 Market Ranking Analysis
     12.3 Competitive Scenario
             12.3.1 Battle for the Market Share
             12.3.2 Product Launches
             12.3.3 Acquisitions, Expansions, and Demonstration
     12.4 Vendor Dive Analysis
             12.4.1 Vanguards
             12.4.2 Dynamic Players
             12.4.3 Innovators
             12.4.4 Emerging Players
     12.5 Ranking Analysis of Business Strategies Adopted By Major Players in the Industrial Valves Market (For All 25 Players)
     12.6 Ranking Analysis of Product Offering Parameters of Major Players in the Market (For All 25 Players)

*Top Companies Analyzed for This Study are – Emerson Electric Company; Pentair PLC; Cameron-Schlumberger; Flowserve Corporation; IMI PLC.; Metso Corporation; the Weir Group PLC.; Crane Co.; Apollo Valves; Neway Valves Co. Ltd; L&T Valves; Samson Ag; Kitz Corporation; AVK Holding A/S; Avcon Controls Pvt. Ltd; Forbes Marshall; Velan Inc.; ABB; Jc Valves; Kim Valves; Tripple M; Spirax Sarco Engineering; Pennant Engineering; Intelligent Valve Applications; Alfa Laval Ab

13 Company Profiles (Page No. - 172)
     13.1 Introduction
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
     13.2 AVK Holding A/S
     13.3 Avcon Controls Pvt Ltd
     13.4 Cameron - Schlumberger
     13.5 Crane Co.
     13.6 Emerson
     13.7 Flowserve Corporation
     13.8 Forbes Marshall
     13.9 IMI PLC.
     13.10 Kitz Corporation
     13.11 Metso Corporation
     13.12 Neway Valves (Suzhou) Co., Ltd.
     13.13 Pentair PLC
     13.14 Velan Inc.
     13.15 Samson AG
     13.16 The Weir Group, PLC
     13.17 Spirax-Sarco Engineering PLC

*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 224)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (145 Tables)

Table 1 Industrial Valves Market, By Material Type, 2014–2023 (USD Million)
Table 2 Market, By Valve Type, 2014–2023 (USD Million)
Table 3 Ball Valve Market, By Industry, 2014–2023 (USD Million)
Table 4 Ball Valve Market, By Material Type, 2014–2023 (USD Million)
Table 5 Butterfly Valve Market, By Industry, 2014–2023 (USD Million)
Table 6 Butterfly Valve Market, By Material Type, 2014–2023 (USD Million)
Table 7 Gate Valve Market, By Industry, 2014–2023 (USD Million)
Table 8 Gate Valve Market, By Material Type, 2014–2023 (USD Million)
Table 9 Globe Valve Market, By Industry, 2014–2023 (USD Million)
Table 10 Globe Valve Market, By Material Type, 2014–2023 (USD Million)
Table 11 Plug Valve Market, By Vertical, 2014–2023 (USD Million)
Table 12 Plug Valve Market, By Material Type, 2014–2023 (USD Million)
Table 13 Check Valve Market, By Industry, 2014–2023 (USD Million)
Table 14 Check Valve Market, By Material Type, 2014–2023 (USD Million)
Table 15 Diaphragm Valve Market, By Industry, 2014–2023 (USD Million)
Table 16 Diaphragm Valve Market, By Material Type, 2014–2023 (USD Million)
Table 17 Safety Valve Market, By Industry, 2014–2023 (USD Million)
Table 18 Safety Valve Market, By Material Type, 2014–2023 (USD Million)
Table 19 Industrial Valves Market, By Valves Size, 2014–2023 (USD Million)
Table 20 Up to 1”, By Type, 2014–2023 (USD Million)
Table 21 1”–6”, By Type, 2014–2023 (USD Million)
Table 22 6”–25”, By Type, 2014–2023 (USD Million)
Table 23 25”–50”, By Type, 2014–2023 (USD Million)
Table 24 50” & Above, By Type, 2014–2023 (USD Million)
Table 25 Market, By Industry, 2014–2023 (USD Million)
Table 26 Oil & Gas, By Region, 2014–2023 (USD Million)
Table 27 Water & Wastewater, By Region, 2014–2023 (USD Million)
Table 28 Energy & Power, By Region, 2014–2023 (USD Million)
Table 29 Chemical, By Region, 2014–2023 (USD Million)
Table 30 Food & Beverages, By Region, 2014–2023 (USD Million)
Table 31 Pharmaceutical, By Region, 2014–2023 (USD Million)
Table 32 Building & Construction, By Region, 2014–2023 (USD Million)
Table 33 Others, By Region, 2014–2023 (USD Million)
Table 34 Industrial Valves Market, By Region, 2014–2023 (USD Million)
Table 35 Industrial Valves Market in North America, By Country, 2014–2023 (USD Million)
Table 36 Industrial Valves Market for Oil & Gas Industry in Us, By Valve Type, 2014–2023 (USD Million)
Table 37 Market for Oil & Gas Industry in Canada, By Valve Type, 2014–2023 (USD Million)
Table 38 Industrial Valves Market for Oil & Gas Industry in Mexico, By Valve Type, 2014–2023 (USD Million)
Table 39 Industrial Valves Market for Water & Wastewater Industry in Us, By Valve Type, 2014–2023 (USD Million)
Table 40 Market for Water & Wastewater Industry in Canada, By Valve Type, 2014–2023 (USD Million)
Table 41 Industrial Valves Market for Water & Wastewater Industry in Mexico, By Valve Type, 2014–2023 (USD Million)
Table 42 Market for Energy & Power Industry in Us, By Valve Type, 2014–2023 (USD Million)
Table 43 Industrial Valves Market for Energy & Power Industry in Canada, By Valve Type, 2014–2023 (USD Million)
Table 44 Industrial Valves Market for Energy & Power Industry in Mexico, By Valve Type, 2014–2023 (USD Million)
Table 45 Market for Pharmaceutical Industry in Us, By Valve Type, 2014–2023 (USD Million)
Table 46 Market for Pharmaceutical Industry in Canada, By Valve Type, 2014–2023 (USD Million)
Table 47 Industrial Valves Market for Pharmaceutical Industry in Mexico, By Valve Type, 2014–2023 (USD Million)
Table 48 Market for Food & Beverages Industry in Us, By Valve Type, 2014–2023 (USD Million)
Table 49 Market for Food & Beverages Industry in Canada, By Valve Type, 2014–2023 (USD Million)
Table 50 Market for Food & Beverages Industry in Mexico, By Valve Type, 2014–2023 (USD Million)
Table 51 Industrial Valves Market for Chemical Industry in Us, By Valve Type, 2014–2023 (USD Million)
Table 52 Market for Food & Beverages Industry in Canada, By Valve Type, 2014–2023 (USD Million)
Table 53 Market for Chemical Industry in Mexico, By Valve Type, 2014–2023 (USD Million)
Table 54 Industrial Valves Market for Building & Construction Industry in Us, By Valve Type, 2014–2023 (USD Million)
Table 55 Market for Building & Construction Industry in Canada, By Valve Type, 2014–2023 (USD Million)
Table 56 Market for Building & Construction Industry in Mexico, By Valve Type, 2014–2023 (USD Million)
Table 57 Industrial Valves Market for Other Industries in Us, By Valve Type, 2014–2023 (USD Million)
Table 58 Market for Other Industries in Canada, By Valve Type, 2014–2023 (USD Million)
Table 59 Market for Other Industries in Mexico, By Valve Type, 2014–2023 (USD Million)
Table 60 Market in Europe, By Country, 2014–2023 (USD Million)
Table 61 Market for Oil & Gas Industry in UK, By Valve Type, 2014–2023 (USD Million)
Table 62 Market for Oil & Gas Industry in Germany, By Valve Type, 2014–2023 (USD Million)
Table 63 Industrial Valves Market for Oil & Gas Industry in France, By Valve Type, 2014–2023 (USD Million)
Table 64 Market for Oil & Gas Industry in Rest of Europe, By Valve Type, 2014–2023 (USD Million)
Table 65 Market for Water & Wastewater Industry in UK, By Valve Type, 2014–2023 (USD Million)
Table 66 Market for Water & Wastewater Industry in Germany, By Valve Type, 2014–2023 (USD Million)
Table 67 Industrial Valves Market for Water & Wastewater Industry in France, By Valve Type, 2014–2023 (USD Million)
Table 68 Market for Water & Wastewater Industry in Rest of Europe, By Valve Type, 2014–2023 (USD Million)
Table 69 Market for Energy & Power Industry in UK, By Valve Type, 2014–2023 (USD Million)
Table 70 Market for Energy & Power Industry in Germany, By Valve Type, 2014–2023 (USD Million)
Table 71 Market for Energy & Power Industry in France, By Valve Type, 2014–2023 (USD Million)
Table 72 Industrial Valves Market for Energy & Power Industry in Rest of Europe, By Valve Type, 2014–2023 (USD Million)
Table 73 Market for Pharmaceutical Industry in UK, By Valve Type, 2014–2023 (USD Million)
Table 74 Market for Pharmaceutical Industry in Germany, By Valve Type, 2014–2023 (USD Million)
Table 75 Industrial Valves Market for Pharmaceutical Industry in France, By Valve Type, 2014–2023 (USD Million)
Table 76 Market for Pharmaceutical Industry in Rest of Europe, By Valve Type, 2014–2023 (USD Million)
Table 77 Industrial Valves Market for Food & Beverages Industry in UK, By Valve Type, 2014–2023 (USD Million)
Table 78 Market for Food & Beverages Industry in Germany, By Valve Type, 2014–2023 (USD Million)
Table 79 Market for Food & Beverages Industry in France, By Valve Type, 2014–2023 (USD Million)
Table 80 Market for Food & Beverages Industry in Rest of Europe, By Valve Type, 2014–2023 (USD Million)
Table 81 Industrial Valves Market for Chemical Industry in UK, By Valve Type, 2014–2023 (USD Million)
Table 82 Market for Chemical Industry in Germany, By Valve Type, 2014–2023 (USD Million)
Table 83 Market for Chemical Industry in France, By Valve Type, 2014–2023 (USD Million)
Table 84 Industrial Valves Market for Chemical Industry in Rest of Europe, By Valve Type, 2014–2023 (USD Million)
Table 85 Market for Building & Construction Industry in UK, By Valve Type, 2014–2023 (USD Million)
Table 86 Industrial Valves Market for Building & Construction Industry in Germany, By Valve Type, 2014–2023 (USD Million)
Table 87 Market for Building & Construction Industry in France, By Valve Type, 2014–2023 (USD Million)
Table 88 Market for Building & Construction Industry in Rest of Europe, By Valve Type, 2014–2023 (USD Million)
Table 89 Industrial Valves Market for Other Industries in UK, By Valve Type, 2014–2023 (USD Million)
Table 90 Market for Other Industries in Germany, By Valve Type, 2014–2023 (USD Million)
Table 91 Market for Other Industries in France, By Valve Type, 2014–2023 (USD Million)
Table 92 Industrial Valves Market for Other Industries in Rest of Europe, By Valve Type, 2014–2023 (USD Million)
Table 93 Market in APAC, By Country, 2014–2023 (USD Million)
Table 94 Market for Oil & Gas Industry in China, By Valve Type, 2014–2023 (USD Million)
Table 95 Industrial Valves Market for Oil & Gas Industry in Japan, By Valve Type, 2014–2023 (USD Million)
Table 96 Market for Oil & Gas Industry in South Korea, By Valve Type, 2014–2023 (USD Million)
Table 97 Market for Oil & Gas Industry in India, By Valve Type, 2014–2023 (USD Million)
Table 98 Market for Oil & Gas Industry in Rest of APAC, By Valve Type, 2014–2023 (USD Million)
Table 99 Industrial Valves Market for Water & Wastewater Industry in China, By Valve Type, 2014–2023 (USD Million)
Table 100 Market for Water & Wastewater Industry in Japan, By Valve Type, 2014–2023 (USD Million)
Table 101 Market for Water & Wastewater Industry in South Korea, By Valve Type, 2014–2023 (USD Million)
Table 102 Industrial Valves Market for Water & Wastewater Industry in India, By Valve Type, 2014–2023 (USD Million)
Table 103 Market for Water & Wastewater Industry in Rest of APAC, By Valve Type, 2014–2023 (USD Million)
Table 104 Market for Energy & Power Industry in China, By Valve Type, 2014–2023 (USD Million)
Table 105 Market for Energy & Power Industry in Japan, By Valve Type, 2014–2023 (USD Million)
Table 106 Market for Energy & Power Industry in South Korea, By Valve Type, 2014–2023 (USD Million)
Table 107 Industrial Valves Market for Energy & Power Industry in India, By Valve Type, 2014–2023 (USD Million)
Table 108 Market for Energy & Power Industry in Rest of APAC, By Valve Type, 2014–2023 (USD Million)
Table 109 Market for Pharmaceutical Industry in China, By Valve Type, 2014–2023 (USD Million)
Table 110 Market for Pharmaceutical Industry in Japan, By Valve Type, 2014–2023 (USD Million)
Table 111 Market for Pharmaceutical Industry in South Korea, By Valve Type, 2014–2023 (USD Million)
Table 112 Industrial Valves Market for Pharmaceutical Industry in India, By Valve Type, 2014–2023 (USD Million)
Table 113 Market for Pharmaceutical Industry in Rest of APAC, By Valve Type, 2014–2023 (USD Million)
Table 114 Market for Food & Beverages Industry in China, By Valve Type, 2014–2023 (USD Million)
Table 115 Market for Food & Beverages Industry in Japan, By Valve Type, 2014–2023 (USD Million)
Table 116 Market for Food & Beverages Industry in South Korea, By Valve Type, 2014–2023 (USD Million)
Table 117 Industrial Valves Market for Food & Beverages Industry in India, By Valve Type, 2014–2023 (USD Million)
Table 118 Market for Food & Beverages Industry in Rest of APAC, By Valve Type, 2014–2023 (USD Million)
Table 119 Industrial Valves Market for Chemical Industry in China, By Valve Type, 2014–2023 (USD Million)
Table 120 Market for Chemical Industry in Japan, By Valve Type, 2014–2023 (USD Million)
Table 121 Market for Chemical Industry in South Korea, By Valve Type, 2014–2023 (USD Million)
Table 122 Market for Chemical Industry in India, By Valve Type, 2014–2023 (USD Million)
Table 123 Industrial Valves Market for Chemical Industry in Rest of APAC, By Valve Type, 2014–2023 (USD Million)
Table 124 Market for Building & Construction Industry in China, By Valve Type, 2014–2023 (USD Million)
Table 125 Industrial Valves Market for Building & Construction Industry in Japan, By Valve Type, 2014–2023 (USD Million)
Table 126 Market for Building & Construction Industry in South Korea, By Valve Type, 2014–2023 (USD Million)
Table 127 Market for Building & Construction Industry in India, By Valve Type, 2014–2023 (USD Million)
Table 128 Market for Building & Construction Industry in Rest of APAC, By Valve Type, 2014–2023 (USD Million)
Table 129 Industrial Valves Market for Other Industries in China, By Valve Type, 2014–2023 (USD Million)
Table 130 Market for Others Industry in Japan, By Valve Type, 2014–2023 (USD Million)
Table 131 Market for Other Industries in South Korea, By Valve Type, 2014–2023 (USD Million)
Table 132 Market for Other Industries in India, By Valve Type, 2014–2023 (USD Million)
Table 133 Market for Other Industries in Rest of APAC, By Valve Type, 2014–2023 (USD Million)
Table 134 Market for Oil & Gas Industry in RoW, By Valve Type, 2014–2023 (USD Million)
Table 135 Industrial Valves Market for Oil & Gas Industry in RoW, By Valve Type, 2014–2023 (USD Million)
Table 136 Market for Water & Wastewater Industry in RoW, By Valve Type, 2014–2023 (USD Million)
Table 137 Market for Energy & Power Industry in RoW, By Valve Type, 2014–2023 (USD Million)
Table 138 Market for Pharmaceutical Industry in RoW, By Valve Type, 2014–2023 (USD Million)
Table 139 Industrial Valves Market for Food & Beverages Industry in RoW, By Valve Type, 2014–2023 (USD Million)
Table 140 Industrial Valves Market for Chemical Industry in RoW, By Valve Type, 2014–2023 (USD Million)
Table 141 Market for Building & Construction Industry in RoW, By Valve Type, 2014–2023 (USD Million)
Table 142 Market for Other Industries in RoW, By Valve Type, 2014–2023 (USD Million)
Table 143 Industry Players Ranking : Industrial Valve Market, 2016
Table 144 10 Most Recent Product Launches in the Market
Table 145 5 Most Recent Acquisitions, Expansions, and Demonstrations in the Market


List of Figures (68 Figures)

Figure 1 Industrial Valves Market Segmentation
Figure 2 Market: Research Design
Figure 3 Research Flow of Market Size Estimation
Figure 4 Industrial Valves Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Industrial Valves Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions of the Research Study
Figure 8 Globe Valves Projected to Hold the Largest Market Size in the Industrial Valves During the Forecast Period
Figure 9 Steel Valves Expected to Lead the Market During the Forecast Period (2017–2023)
Figure 10 Impact of IoT on the Industrial Valve Market
Figure 11 Energy & Power Industry Expected to Be the Fastest Growing Market for Industrial Valves During Forecast Period
Figure 12 APAC is Projected to Be the Fastest-Growing Market for Industrial Valves During the Forecast Period
Figure 13 Rising Demand for Energy in APAC Would Lead to Increase the Demand for Industrial Valves During the Forecast Period
Figure 14 Steel Valves to Lead the Industrial Valve Market During the Forecast Period
Figure 15 Industrial Valves Market for Energy & Power Industry to Grow at the Highest CAGR Between 2017 and 2023
Figure 16 Industrial Valves Market in APAC Expected to Grow at the Highest Rate Between 2017 and 2023
Figure 17 Industrial Valves Market in APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 18 Industrial Valves Having A Size of 1”–6” Expected to Account for the Largest Size of the Market During the Forecast Period
Figure 19 Value Chain Analysis: Major Value is Added During the Original Equipment Manufacturing (OEM) and System Integration Phases
Figure 20 Consumer Buying Process
Figure 21 Building & Construction Industry to Witness the Highest Growth Rate in the Industrial Check Valve Market During the Forecast Period
Figure 22 1”–6” Valves is the Largest Segment in the IndusMarket During the Forecast Period
Figure 23 Energy & Power Industry to Witness the Highest Growth in the Market During the Forecast Period
Figure 24 Oil Industry Trend During 2000–2015
Figure 25 Gas Industry Trend During 2000–2015
Figure 26 Industrial Valve Application in Oil & Gas Industry
Figure 27 Industrial Valves Application in Water & Wastewater Industry
Figure 28 Comparative Primary Energy Consumption Over the Past 15 Years
Figure 29 Industrial Valves Application in Energy & Power: Combined Cycle Power Plant
Figure 30 Industrial Valves Application in Chemical Industry
Figure 31 Industrial Valve Application in Food & Beverages
Figure 32 Industrial Valve Application in Building and Construction
Figure 33 Industrial Valves Market: Geographic Snapshot
Figure 34 Regional Share of Natural Gas Production in 2015
Figure 35 Snapshot of the Market in North America
Figure 36 Oil Industry Production Data & YOY Growth Rate (%) in Us (2015)
Figure 37 Gas Industry Production Data & YOY Growth Rate (%) in Us (2015)
Figure 38 Oil Industry Production Data & YOY Growth Rate (%) in Canada (2015)
Figure 39 Gas Industry Production Data & YOY Growth Rate (%) in Canada (2015)
Figure 40 Oil Industry Production Data & YOY Growth Rate (%) in Mexico (2015)
Figure 41 Gas Industry Production Data & YOY Growth Rate (%) in Mexico (2015)
Figure 42 Diaphragm Valves to Account for the Largest Size of the Market for Pharmaceutical Industry in Canada During the Forecast Period
Figure 43 Oil Production Data & YOY Growth Rate % in Europe (2015)
Figure 44 Snapshot of the Market in Europe
Figure 45 Ball Valves to Witness the Highest Growth in the Industrial Check Valve Market for Energy & Power Industry in Germany During the Forecast Period
Figure 46 Diaphragm Valves Expected to Account for the Largest of the Market for Chemical Industry in Germany During the Forecast Period
Figure 47 Oil Production Data & YOY Growth Rate (%) in Asia Pacific (2015)
Figure 48 Gas Production Data & YOY Growth Rate (%) in Asia Pacific (2015)
Figure 49 Snapshot of Market in Asia Pacific
Figure 50 Diaphragm Valves to Hold the Largest Share of the Market for Pharmaceutical Industry in China During the Forecast Period
Figure 51 Check Valves to Witness the Highest Growth in the Market for Building & Construction Industry in India During the Forecast Period
Figure 52 Snapshot of the Market in RoW
Figure 53 Companies in the Market Adopted Product Launches as the Key Growth Strategy Between January 2014 and March 2017
Figure 54 Industrial Valves Market Evaluation Framework
Figure 55 Dive Chart (Dynamic Players, Innovators, Vanguards, and Emerging Players)
Figure 56 Geographic Revenue Mix of Top 5 Players in the Industrial Valve Market
Figure 57 Cameron - Schlumberger: Company Snapshot
Figure 58 Crane Co.: Company Snapshot
Figure 59 Emerson : Company Snapshot
Figure 60 Flowserve Corporation: Company Snapshot
Figure 61 IMI PLC. Corporation: Company Snapshot
Figure 62 Kitz Corporation: Company Snapshot
Figure 63 Metso Corporation: Company Snapshot
Figure 64 Neway Valves (Suzhou) Co., Ltd.: Company Snapshot
Figure 65 Pentair PLC: Company Snapshot
Figure 66 Velan Inc.: Company Snapshot
Figure 67 The Weir Group, PLC: Company Snapshot
Figure 68 Spirax-Sarco Engineering PLC: Company Snapshot

The industrial valves market is expected to be valued at USD 84.30 Billion by 2023, growing at a CAGR of 3.6% between 2017 and 2023. The major factors driving the growth of this market include growing demand from oil & gas production-related facilities in the GCC countries, increasing demand for energy in APAC, increasing focus on smart cities in emerging economies such as China, India, and Brazil, revenue shift in the industry, and rising demand for automation from manufacturing and process industries for predictive maintenance and monitoring.

This report segments the industrial valves market on the basis of material type, valve type, size, industry, and region. The market for energy & power is expected to witness a significant growth during the forecast period. The significant growth of this industry can be attributed to the usage of power in industrial process because of urbanization and rapidly increasing population.

Globe and Ball valves accounted for the largest share of the industrial valves market in 2016. This growth can be attributed to its usage for subsea applications, high temperature service, high pressure service, abrasive service, cryogenic service, sour service, and cryogenic service in the industries such as oil & gas, water & wastewater, chemical, and pulp & paper industries. Additionally, in the oil & gas industry, ball valves are mainly used for stopping and starting the flow of any fluid, moderate throttling, and flow diversion.

The industrial valves market for the energy & power industry is expected to grow at the highest rate between 2017 and 2023. This high market growth rate can be attributed to the rapidly growing population and demand from emerging economies such as China, India, and Brazil.

The APAC region accounted for the largest share of the overall industrial valves market in 2016. This growth can be attributed to the increasing demand for power from the oil & gas industry. This demand in power generation is a direct result of rapidly growing population as well as industrialization. Growing demand for transportation and power from emerging economies such as China, India, and Brazil can propel the market growth during the forecast period.

Industrial Valves Market

High cost of fabrication of industrial valves is one of the challenging factors impeding the growth of the industrial valves market. The use of industrial valves varies with the application; also, the material required to manufacture valves varies according to the application. Therefore, the fabrication of valves varies according to the application. It is very difficult process to manufacture the right combination of materials to get the desired application. Therefore, fabrication of industrial valves is a time-consuming and critical process. Hence, the cost of fabrication of industrial valves is high. As the cost of fabrication and lead time of industrial valves is a challenge for the growth of the industrial valves market. There is a need for further innovation and development based on IIoT and 3D printing to overcome the challenge.

The key players in this market are AVK Holding (Denmark), Avcon Controls Private Limited (India), Cameron – Schlumberger (US), Crane Co. (US), Emerson (US), Flowserve Corporation (US), Forbes Marshall (India), IMI Plc. (UK), Metso (Europe), Neway Valves (China), Velan Inc. (Canada), Samson AG (Germany), Spirax Sarco (UK), and The Weir Group Plc. (UK).

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Available Customizations Title

Client Consult Problem Statement :

MnM’s client was interested to assess the Global market potential associated Valve in the application areas Oil and Gas, Energy and Power, Mining and Others. Client wanted us to suggest them upon which application, size and type of valve to concentrate upon. The client’s objective was to expand his business for which he wanted MnM’s suggestion upon what kind of firm to Acquire, Merge or partner to concentrate for their geographical expansion.

Solution Provided:
  1. Methodology Adopted by MnM :MNM engineered the market for valve on the basis of applic....
  1. Methodology Adopted by MnM :MNM engineered the market for valve on the basis of application (Oil and Gas, Energy and Power, Mining and Others), size (1/2”-4”, 4”-8”, 8”-12”, 12”-16”) and type of valve (Gate, Ball, Globe, Check, Control and Others). Further the valves were graphically represented on the basis of parameters market potential and Market Growth. These parameters further had sub parameters on the basis of which they were drawn. Each kind of valve was mapped by type, size and application in four quadrants of the graph, each quadrant specified the level of strategies importance of valve.
    Extensive Primary research was conducted, including floating questionnaire and expert interviews. Together with this secondary research was also performed to meet client’s requirements.
  1. Actual Solution Provided: -

    Through this study, MnM analyzed potential of different type of valves with respect to type, size and application. Utilizing this we suggested the clients upon which valve to focus for their business. We also provided client with a list of machining and valve manufacturing companies mostly form U.S. through which client could expand its operations by Acquisition/Joint Venture. A detailed analysis of these companies was also presented by studying various parameters (Product portfolio, geographical reach, Country policy, willingness and other)

    Also a list of potential customers was also supplied to clients who were interested in procuring the Bharat Forge’s offering with respected to different valve types. Buyer behavior analysis was also presented.

Value Delivered:

MnM’s client was able to understand the future potential of valves and demand for these products. It helped the client to formulate strategy upon how to penetrate in the valve market and attain geographical expansion.

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Client Consult Problem Statement :

MnM’s client who is one of the leading industry players in pressure relief valves and rupture disc market was interested in knowing the market potential of pressure relief valves, rupture disc and explosion vent industry. The key objective for the study involved :

  1. Potential market of pressure relief valves, rupture disc and explosion vent
  2. Competitive landscape of pressure relief valves, rupture disc and explosion vent market
  3. Understanding of “Technology shift” in this market

Solution Provided:
  1. Methodology Adopted by MnM : MnM carried out this study through a combination of exten....
  1. Methodology Adopted by MnM : MnM carried out this study through a combination of extensive secondary research followed by primary discussions with Key Opinion Leaders, pressure relief valves, rupture disc and explosion vent industry players, and their customers. Exhaustive interviews were conducted from sales, marketing, production, R&D, technical experts using a semi- structured questionnaire to understand and provide the In-depth analysis. MnM also obtained information on, usage trends, future growth prospects for target end user from various industrial verticals.
  2. Actual Solution Provided: -
    • TAM of pressure relief valves, rupture disc and explosion vent
    • Geographical contribution focusing on this market with detailed analysis of regional driving factors
    • Value chain analysis of ecosystem
    • Impact of technological advancements in pressure relief valves, rupture disc and explosion vent market

Value Delivered:

MnM’s client was able to understand the existing market scenario of pressure relief valves, rupture disc and explosion vent market.

The competitors benchmarking also helped to understand the client’s present situation in the value chain of this industry. In addition detailed Competitive Landscape covered by the percentage breakups of strategies used by the key industry players of this industry

Showcasing the technological upgradations in pressure relief valves, rupture disc and explosion vent market

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