Industrial Valves Ma

Industrial Valves Marke by Function (On-off/Isolation, Control), Material, Type, Component, Size, End-User (Oil & Gas, Energy & Power, Water & Wastewater Treatment) and Region (2021-2026)

Report Code: SE 5302 Jan, 2022, by marketsandmarkets.com

[245 Pages Report] The global industrial valves market size was valued at USD 73.0 billion in 2021 and is projected to reach USD 90.5 billion by 2026. It is expected to grow at a CAGR of 4.4% during the forecast period.

Increasing demand for valves from healthcare and pharmaceuticals industries due to COVID-19 pandemic, surging requirement of establishing new nuclear power plants and revamping existing ones, rising need for connected networks to maintain and monitor industrial equipment, rising adoption of automation technologies in process industries, and growing focus on development of smart cities globally are the key driving factors for the industrial valves market.

Industrial Valves Market

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COVID-19 Impact on the Global Vacuum Valve Market

The COVID-19 pandemic has affected the oil & gas industry badly, with oil prices slashing drastically. The major decline in the demand for oil and gas due to various restrictions imposed by governments worldwide in 2020 resulted in a huge gap between the supply and demand. Oil & gas is one of the key industries using valves. Water & wastewater treatment and energy & power industries are also among the key end users of valves; these industries also witnessed reduced demand due to the global pandemic. There were restrictions on foreign trades due to the lockdown of international borders, non-operational distribution channels, and various preventive measures undertaken for public health and safety. However, it is expected that there would be an increasing focus on hygiene and sanitation due to the rise in people’s concern for a better and safer lifestyle, which, in turn, would drive the growth of the industrial valves market for the water & wastewater treatment industry. An increase in demand from the energy & power sector is likely to drive the industrial valves market for the energy & power end-user industry gradually from 2021 to 2026.

Market Dynamics:

Driver:Increasing demand for valves from healthcare and pharmaceuticals industries due to COVID-19 pandemic.

With the rapid spread of COVID-19, healthcare and pharmaceuticals industries are at the forefront of combating this pandemic, and there is a rise in the production of all the critical medical devices required to cure COVID-19 patients. Industrial valves play an important role in the manufacturing of different types of medical devices, and several key industry players have grabbed the opportunity to contribute to the fight against this pandemic.

For instance, Emerson’s valves can manage pressure relief, keeping components and materials clean in sterilizers and oxygen therapy devices, and support analyzers and other vital hematology equipment. The company’s high-pressure and high-purity valves also provide oxygen supply to pop-up and remote hospitals, as well as triage centers. Emerson makes a series of miniature instrument-level valves for analytical and medical equipment, and it is witnessing a growing demand from the providers of oxygen therapy devices for the first time. The new generation of hospital beds has air bladders that are pneumatically actuated and designed to increase patient comfort. Emerson makes valves for these air beds. With the skyrocketed requirement for hospital beds, Emerson’s valves are being adopted extensively by the manufacturers of hospital beds. The company’s ASCO series offers a range of associated or similar valves, as well as valves with different capabilities, such as pinch valves, which find applications in medical devices, while ASCO solenoid valves find applications in hospital beds.

Restraint: Lack of standardized policies.

Valve manufacturers need to adhere to the different certifications and policies of different regions with respect to valves. This factor creates a diversity in product specifications due to the widespread applicability of valves in various end-user industries. However, this diversity is hindering the growth of the valves market, as industry players have to amend the same product according to the regional policies, which makes it difficult for valve manufacturers to achieve an ideal cost of installation. To resolve this issue, they have to invest their resources in setting up manufacturing facilities across regions, resulting in additional capital investments.

Opportunity: Use of IIoT and Industry 4.0 in industrial valves

Valves are critical components of various industrial equipment. The failure of valves could lead to disruptions in plant processes. Traditional, schedule-based maintenance methods fail to alert manufacturing companies about impending valve failures. Due to this, technicians often inform about faults while inspecting valves, which, in turn, results in unplanned downtime that could have been avoided by the implementation of Industrial Internet of Things (IIoT). However, recent developments in data science, communications, and computing power have enabled companies to leverage IIoT technology for reducing unplanned downtime due to valve failures. IIoT enables valve experts to monitor the health of valves in a plant remotely and track the efficiency, life cycle, and potential chances of failure of these valves, thus ensuring better valve performance and a secure work environment. Valves equipped with sensors and connected through IIoT can help industry players reduce maintenance and shutdown costs.

Challenge: Rise in collaborations among industry players.

The industrial valves market is highly fragmented. Mergers and acquisitions are expected to help manufacturers enhance their product portfolios and acquire a larger market share. Due to declining oil prices, the oil & gas industry is focusing on the implementation of efficient processes. To fulfill this requirements, big market players are acquiring small companies having innovative solutions to ensure sustainable growth and profitability. For instance, in January 2021, DeZURIK, Inc. announced the acquisition of Red Valve. Similarly, in 2018, Emerson acquired Advanced Engineering Valves (Belgium), a leading manufacturer of innovative smart valves that help LNG customers operate more efficiently. In 2019, Emerson acquired the Spence and Nicholson product lines from CIRCOR International to expand its portfolio of steam system solutions for process industries and commercial buildings.In the same year, IMI plc acquired PBM, a manufacturer of ball valves and specialty valves for sanitary and industrial applications. All these acquisitions would result in increased competition in the industrial valves market.

“On/off valves to account for a larger share of the industrial valves market by 2026.”

On/off valves are one of the most basic and indispensable components of the present modern technological society. It is essential to virtually all manufacturing processes and every energy production and supply system. It is one of the oldest products, with a history of thousands of years. The valve industry is truly broad-shouldered, with segments varying from water distribution to nuclear power to upstream and downstream oil and gas. Each of these end-user industries uses some basic types of valves, such as ball, butterfly, gate, globe, plug, diaphragm, check, and safety. However, the construction methods and materials used for these valves, along with their size, often depend on their diverse applications in varieties of end-user industries. On/off valves fulfill stringent shut-off requirements across various industries; therefore, these valves account for a larger share of the overall industrial valves market.

“Steel industrial valves accounted for the largest market share in 2020.”

Steel industrial valves accounted for the largest market share in 2020. The rising demand for high-quality industrial valves in food & beverages, chemicals, pharmaceuticals, and metals & mining industries to mitigate the threat of contamination drives the demand for steel industrial valves at present, and a similar trend is likely to be observed during the forecast period. Additionally, the rising concern for sanitation will further boost the market for stainless steel valves in water & wastewater treatment plants as longer-lasting stainless steel valves can withstand harsh temperatures, chemicals, and pressures, along with hard water conditions, owing to its corrosion resistance quality. Stainless steel is tougher than other materials such as cast iron, ductile iron, brass, and copper in accordance with pressure rating and temperature tolerance. Stainless steel is preferred over carbon steel in applications where corrosion resistance is of utmost importance. Hence, stainless steel ball valves are typically in demand from industries such as pharmaceuticals, chemicals, oil & gas, and food & beverages. However, the amplified focus on cleaner fuels will boost the market for natural gas production and transportation, which, in turn, will boost the demand for cryogenic valves during the forecast period.

“Globe valves to account for the largest market share during the forecast period.”

Globe valves are among the most popular valves used to control the flow in a pipeline, and they regulate by the position of a movable disk in relation to the stationary ring seat. The major advantage of the globe valve is that it does not leak as much as other valves. Owing to various benefits such as better full-closing characteristics, shorter opening and closing time, positive shut-off, these valves are adopted across various industries. They can also be used as stop check valves.

“Oil & gas accounted for the largest share of the industrial valves market in 2020.”

The oil & gas industry accounted for the largest share of the industrial valves market in 2020 owing to the growing transportation sector, increasing energy demand, and rising drilling activities in the Gulf Cooperation Council (GCC) countries. However, at present, the world is recovering from an economic crisis due to the outbreak of the COVID-19 pandemic. Post COVID-19, the increasing demand for maintenance operations in oil & gas sector would create lucrative opportunities for companies. Furthermore, as most of the existing oil and gas refineries are aging, the requirements for maintenance operations would create more opportunities for maintenance services providers in oil & gas industries, thereby boosting the demand for valves.

“North America to witness the highest CAGR in the industrial valves market during the forecast period”

The market in North America has been classified into the US, Canada, and Mexico. North America is a key market for industrial valves as the region is home to a few of the largest multinational corporations, such as Emerson (US), Cameron-Schlumberger (US), Flowserve Corporation (US), Crane Co. (US). The increasing R&D activities in the region pertaining to the use of actuators in the valves for automation and the rising demand for safety applications are among the crucial factors driving the market in North America. R&D at industry levels is broadening the application areas of industrial valves in different industries, such as energy & power and chemicals, in the US. Control valves are used in the oil & gas, energy & power, and water & wastewater treatment industries to control media flow through a system, as well as to start, stop, or throttle the flow and ensure safe and efficient process automation.

Industrial Valves Market by Region

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“Asia Pacific to account for the largest share of the industrial valves market”

Asia Pacific accounted for the largest share of the overall industrial valves market in 2020. The industrial valves market in APAC for the water & wastewater treatment industry is growing at a significant rate; a similar trend is likely to be observed in the coming years. The dense population and high per capita income in this region, along with large-scale industrialization and rapid urbanization, are the major factors fueling the growth of the industrial valves market in the region. The region consists of a few fast-growing economies, such as China, India, and Southeast Asian countries. Owing to the increasing urban population in the region, there is a high demand for new and improved wastewater treatment systems. The increasing need for proper utilization of water and the growing demand for advanced water and wastewater treatment techniques are creating a demand for industrial valves in APAC countries.

Key Market Players

A few of the key players in the industrial valves market are Emerson Electric Co. (US), Schlumberger (US), Flowserve Corporation (US), IMI plc (US), Neles Corporation (Finland), Spirax Sarco Limited (UK), Crane Co. (US), KITZ Corporation (Japan), Trillium Flow Technologies (US), Bray international (US) , and CIRCOR International, Inc. (US).

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Scope of the Report

Report Metric

Detail

Market Size Availability for Years

2017–2026

Base Year

2020

Forecast Period

2021–2025

Forecast Units

Value (USD)

Segments Covered

By function, type, component, size, material,and end-user industry

Geographies Covered

North America, Europe, APAC, and RoW

Companies Covered

Emerson Electric Co. (US), Schlumberger (US), Flowserve Corporation (US), IMI plc (US), Neles Corporation (Finland), Spirax Sarco Limited (UK), Crane Co. (US), KITZ Corporation (Japan), Trillium Flow Technologies (US), Bray international (US) , and CIRCOR International, Inc. (US) are the key players in the industrial valves market.

A total of 25 players are covered.

This research report categorizes the industrial valves market, by function, type, component, material, size, end-user, and region

Based on function:>

  • On/off
  • Control

Based on material:

  • Steel
  • Cast Iron
  • Cryogenic
  • Alloy Based
  • Others
    • Brass
    • Bronze
    • Plastic

Based on the types:

  • Ball Valves
    • Trunnion Mounted Ball Valves
    • Floating Ball Valves
    • Rising Stem Ball Valves
  • Butterfly Valves
    • Zero Offset Butterfly Valves
    • Double Offset Butterfly Valves
    • Triple Offset Butterfly Valves
  • Check Valves
  • Diaphragm Valves
  • Gate Valves
    • Standard Plate Gate Valves
    • Wedge Gate Valves
    • Knife Gate Valves
  • Globe Valves
  • Plug Valves
  • Safety Valves

Based on the component:

  • Actuators
  • valve body
  • others

Based on the size:

  • <1”
  • 1- 6”
  • 7- 25”
  • 26- 50”
  • >50”

Based on end-user industry:

  • Oil & Gas
  • Water & Wastewater Treatment
  • Energy & Power
  • Food & Beverages
  • Chemicals
  • Building & Construction
  • Pulp & Paper
  • Pharmaceuticals & Healthcare
  • Metals & Mining
  • Agriculture
  • Others

Based on the region:

  • North America
  • Europe
  • APAC
  • RoW (South America, Middle East & Africa)

Recent Developments

  • In October 2021, Emerson launched the first comprehensive valve assemblies that fulfill safety integrity level (SIL) 3 as per the IEC 61508 standard of the International Electrotechnical Commission.
  • In September 2021, KITZ Corporation announced the acquisition of common shares of TOA Valve Engineering Inc. (Japan) and signed an agreement of capital and business alliance. This business alliance helped both the companies to further boost their corporate value and expand their businesses by mutually sharing strategies, technologies, and strengths related to valves.
  • In January 2021, Flowserve Corporation launched a new IoT service suite, RedRaven, for the remote monitoring of facilities. RedRaven advanced IoT condition monitoring helps plants monitor valve performance and proactively identify and address issues before failures.
  • In February 2020, Schlumberger Limited opened a manufacturing center in King Salman Energy Park (SPARK), Saudi Arabia, that supports Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program to promote economic growth.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 INDUSTRIAL VALVES MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
                    FIGURE 2 INDUSTRIAL VALVE MARKET: GEOGRAPHIC SEGMENTATION
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA
           FIGURE 3 INDUSTRIAL VALVE MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Major secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Breakdown of primaries
                    2.1.3.2 Key data from primary sources
                    2.1.3.3 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           FIGURE 4 SUPPLY-SIDE ANALYSIS: INDUSTRIAL VALVES MARKET (1/2)
           FIGURE 5 SUPPLY-SIDE ANALYSIS: INDUSTRIAL VALVES MARKET (2/2)
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for arriving at market size through bottom-up analysis (demand side)
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for arriving at market size through top-down analysis (supply side)
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 RISK ASSESSMENT
           TABLE 1 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 45)
    FIGURE 9 INDUSTRIAL VALVES MARKET SIZE, 2017–2026
    3.1 REALISTIC SCENARIO (POST-COVID-19)
           TABLE 2 REALISTIC SCENARIO (POST-COVID-19): INDUSTRIAL VALVES MARKET, 2021–2026 (USD MILLION)
    3.2 OPTIMISTIC SCENARIO (POST-COVID-19)
           TABLE 3 OPTIMISTIC SCENARIO (POST-COVID-19): INDUSTRIAL VALVES MARKET, 2021–2026 (USD MILLION)
    3.3 PESSIMISTIC SCENARIO (POST-COVID-19)
           TABLE 4 PESSIMISTIC SCENARIO (POST-COVID-19): INDUSTRIAL VALVES MARKET, 2021–2026 (USD MILLION)
           FIGURE 10 ON/OFF VALVES TO HOLD LARGER MARKET SHARE IN 2026
           FIGURE 11 STEEL TO CAPTURE LARGEST SHARE OF INDUSTRIAL VALVES MARKET, BY MATERIAL, IN 2026
           FIGURE 12 GLOBE VALVES TO CAPTURE LARGEST SIZE OF INDUSTRIAL VALVES MARKET, BY TYPE, IN 2026
           FIGURE 13 ACTUATORS TO DOMINATE INDUSTRIAL VALVES MARKET, BY COMPONENT, IN 2026
           FIGURE 14 1–6" SIZED VALES TO CAPTURE LARGEST SHARE OF INDUSTRIAL VALVES MARKET, BY SIZE, IN 2026
           FIGURE 15 ENERGY & POWER TO BE FASTEST-GROWING END-USER INDUSTRY DURING FORECAST PERIOD
           FIGURE 16 APAC TO HOLD LARGEST SHARE OF INDUSTRIAL VALVES MARKET IN 2026

4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN INDUSTRIAL VALVES MARKET
           FIGURE 17 INCREASED DEMAND FOR VALVES FROM HEALTHCARE AND PHARMACEUTICALS INDUSTRIES DUE TO COVID-19 PANDEMIC DRIVES INDUSTRIAL VALVES MARKET
    4.2 INDUSTRIAL VALVES MARKET, BY FUNCTION
           FIGURE 18 ON/OFF VALVES TO HOLD LARGER MARKET SHARE
    4.3 INDUSTRIAL VALVES MARKET, BY MATERIAL
           FIGURE 19 STEEL INDUSTRIAL VALVES TO HOLD LARGEST MARKET SIZE IN 2026
    4.4 INDUSTRIAL VALVES MARKET, BY TYPE
           FIGURE 20 GLOBE VALVES TO HOLD LARGEST MARKET SIZE IN 2026
    4.5 INDUSTRIAL VALVES MARKET, BY COMPONENT
           FIGURE 21 ACTUATORS TO HOLD LARGEST MARKET SHARE IN 2026
    4.6 INDUSTRIAL VALVES MARKET, BY SIZE
           FIGURE 22 1–6” INDUSTRIAL VALVES TO HOLD LARGEST MARKET SIZE IN 2026
    4.7 INDUSTRIAL VALVES MARKET IN APAC, BY COUNTRY AND END-USER INDUSTRY
           FIGURE 23 CHINA AND ENERGY & POWER TO ACCOUNT FOR LARGEST MARKET SHARE IN APAC IN 2026
    4.8 INDUSTRIAL VALVES MARKET, BY COUNTRY
           FIGURE 24 US TO ACCOUNT FOR LARGEST SHARE OF GLOBAL INDUSTRIAL VALVES MARKET IN 2026

5 MARKET OVERVIEW (Page No. - 57)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 25 INDUSTRIAL VALVES MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for valves from healthcare and pharmaceuticals industries due to COVID-19 pandemic
                    5.2.1.2 Surging requirement of establishing new nuclear power plants and revamping existing ones
                    5.2.1.3 Rising need for connected networks to maintain and monitor industrial equipment
                    5.2.1.4 Rising adoption of automation technologies in process industries
                    5.2.1.5 Growing focus on development of smart cities globally
                               FIGURE 26 INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of standardized policies
                               FIGURE 27 INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF RESTRAINTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Use of IIoT and Industry 4.0 in industrial valves
                    5.2.3.2 Manufacturing of industrial valves through 3D printing
                    5.2.3.3 Expansion of refineries and petrochemical plants
                    5.2.3.4 Focus of industry players on offering improved customer services
                    5.2.3.5 Need for replacement of outdated valves and adoption of smart valves
                               FIGURE 28 INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Rise in collaborations among industry players
                    5.2.4.2 Local manufacturers offering low-priced valves
                    5.2.4.3 Unplanned downtime due to malfunctioning or failure of valves
                               FIGURE 29 INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF CHALLENGES
    5.3 VALUE CHAIN ANALYSIS
                               FIGURE 30 RAW MATERIAL AND COMPONENT SUPPLIERS AND ORIGINAL EQUIPMENT MANUFACTURERS COLLECTIVELY ADD MAJOR VALUE TO FINAL PRODUCT
    5.4 TECHNOLOGY ANALYSIS
           5.4.1 DIGITALIZATION AND INTEGRATION OF ADVANCED TECHNOLOGIES SUCH AS ARTIFICIAL INTELLIGENCE INTO INDUSTRIAL VALVES
           5.4.2 IMPACT OF IOT ON INDUSTRIAL VALVES MARKET
    5.5 PRICING ANALYSIS
                               TABLE 5 AVERAGE SELLING PRICES OF INDUSTRIAL VALVES OFFERED BY TOP COMPANIES, 2020
                               TABLE 6 INDICATIVE PRICES OF INDUSTRIAL VALVES
    5.6 ECOSYSTEM ANALYSIS
           FIGURE 31 INDUSTRIAL VALVES MARKET: ECOSYSTEM
           TABLE 7 INDUSTRIAL VALVES MARKET: ECOSYSTEM
    5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS
    5.8 CASE STUDIES
           5.8.1 SEVERSTAL USES EMERSON’S FISHER CONTROL-DISK BUTTERFLY VALVES TO REDUCE WATER WASTAGE BY UP TO 50%
           5.8.2 KRUGER, INC. NEWSPRINT MILL USES FISHER CONTROL-DISK VALVES TO REDUCE FLOW VARIABILITY BY A FACTOR OF THREE
           5.8.3 BRAY’S KNIFE GATE VALVE OFFERS CUSTOMER OPERATING COPPER MINE HIGHER SERVICE LIFE IN HYDROCYCLONE APPLICATION
    5.9 PORTER’S FIVE FORCES ANALYSIS
           TABLE 8 IMPACT OF PORTER’S FIVE FORCES ON INDUSTRIAL VALVES MARKET, 2020
    5.10 TRADE ANALYSIS
           FIGURE 32 IMPORTS DATA, BY COUNTRY, 2016–2020 (USD MILLION)
           FIGURE 33 EXPORTS DATA, BY COUNTRY, 2016–2020 (USD MILLION)
    5.11 PATENTS ANALYSIS
                    FIGURE 34 NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 2020
                    FIGURE 35 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
                    TABLE 9 TOP 20 PATENT OWNERS IN LAST 10 YEARS
                    TABLE 10 LIST OF FEW PATENTS IN INDUSTRIAL VALVES MARKET, 2019–2020
    5.12 REGULATIONS AND STANDARDS
                    TABLE 11 REGULATIONS AND STANDARDS FOR VALVES

6 INDUSTRIAL VALVES MARKET, BY TYPE (Page No. - 80)
    6.1 INTRODUCTION
           FIGURE 36 INDUSTRIAL VALVES MARKET, BY VALVE TYPE
           FIGURE 37 GLOBE VALVES TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD
           TABLE 12 INDUSTRIAL VALVES MARKET, BY TYPE, 2017–2020 (USD BILLION)
           TABLE 13 INDUSTRIAL VALVES MARKET, BY TYPE, 2021–2026 (USD BILLION)
    6.2 BALL VALVES
           6.2.1 BALL VALVES WOULD CONTINUE ACCOUNTING FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
                    TABLE 14 BALL VALVES MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 15 BALL VALVES MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
                    6.2.1.1 Trunnion-mounted ball valves
                    6.2.1.2 Floating ball valves
                    6.2.1.3 Rising stem ball valves
    6.3 BUTTERFLY VALVES
           6.3.1 BUTTERFLY VALVES ACCOUNT FOR MAJOR MARKET SHARE OWING TO THEIR RELIABLE FIELD OPERATIONS, TIGHT SHUT-OFF, AND PRECISE CONTROL
                    TABLE 16 BUTTERFLY VALVES MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 17 BUTTERFLY VALVES MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
                    6.3.1.1 Zero-offset butterfly valves
                    6.3.1.2 Double-offset butterfly valves
                    6.3.1.3 Triple-offset butterfly valves
    6.4 CHECK VALVES
           6.4.1 CHECK VALVES ARE ADOPTED FOR APPLICATIONS REQUIRING UNIDIRECTIONAL FLOW CONTROL
                    TABLE 18 CHECK VALVES MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 19 CHECK VALVES MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
    6.5 DIAPHRAGM VALVES
           6.5.1 DIAPHRAGM VALVES ARE HIGHLY ADOPTED IN PHARMACEUTICALS AND CHEMICALS INDUSTRIES TO AVOID CONTAMINATION
                    TABLE 20 DIAPHRAGM VALVES MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 21 DIAPHRAGM VALVES MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
    6.6 GATE VALVES
           6.6.1 GATE VALVES ARE WIDELY ADOPTED FOR ON/OFF APPLICATIONS
                    TABLE 22 GATE VALVES MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 23 GATE VALVES MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
                    6.6.1.1 Standard plate gate valves
                    6.6.1.2 Wedge type gate valves
                    6.6.1.3 Knife gate valves
    6.7 GLOBE VALVES
           6.7.1 GLOBE VALVES TO HOLD SECOND-LARGEST MARKET SIZE BY 2026
                    TABLE 24 GLOBE VALVES MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 25 GLOBE VALVES MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
    6.8 PLUG VALVES
           6.8.1 MARKET FOR PLUG VALVES TO WITNESS SUBSTANTIAL GROWTH IN NEXT FEW YEARS
                    TABLE 26 PLUG VALVES MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 27 PLUG VALVES MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
    6.9 SAFETY VALVES
           6.9.1 SAFETY VALVES ARE HIGHLY ADOPTED IN OIL & GAS, ENERGY & POWER, AND CHEMICALS INDUSTRIES
                    TABLE 28 SAFETY VALVES MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 29 SAFETY VALVES MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)

7 INDUSTRIAL VALVES MARKET, BY COMPONENT (Page No. - 97)
    7.1 INTRODUCTION
           FIGURE 38 INDUSTRIAL VALVES MARKET, BY COMPONENT
           FIGURE 39 ACTUATORS TO LEAD INDUSTRIAL VALVES MARKET BY 2026
           TABLE 30 INDUSTRIAL VALVES MARKET, BY COMPONENT, 2017–2020 (USD BILLION)
           TABLE 31 INDUSTRIAL VALVES MARKET, BY COMPONENT, 2021–2026 (USD BILLION)
    7.2 ACTUATORS
           7.2.1 ACTUATORS TO DOMINATE INDUSTRIAL VALVES MARKET FOR COMPONENTS DURING 2021–2026
                    TABLE 32 INDUSTRIAL VALVES MARKET FOR ACTUATORS, BY TYPE, 2017–2020 (USD BILLION)
                    TABLE 33 INDUSTRIAL VALVES MARKET FOR ACTUATORS, BY TYPE, 2021–2026 (USD BILLION)
    7.3 VALVE BODY
           7.3.1 VALVE BODY ACTS AS MAIN CONTROL CENTER
    7.4 OTHERS

8 INDUSTRIAL VALVES MARKET, BY FUNCTION (Page No. - 101)
    8.1 INTRODUCTION
           FIGURE 40 ON/OFF VALVES TO CONTINUE TO HOLD LARGER MARKET SIZE DURING FORECAST PERIOD
           TABLE 34 INDUSTRIAL VALVES MARKET, BY FUNCTION, 2017–2020 (USD BILLION)
           TABLE 35 INDUSTRIAL VALVES MARKET, BY FUNCTION, 2021–2026 (USD BILLION)
    8.2 ON/OFF VALVES
           8.2.1 ON/OFF VALVES ACCOUNTED FOR LARGER MARKET SHARE IN 2020
    8.3 CONTROL VALVES
           8.3.1 CONTROL VALVES TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD

9 INDUSTRIAL VALVES MARKET, BY MATERIAL (Page No. - 105)
    9.1 INTRODUCTION
           FIGURE 41 INDUSTRIAL VALVE MARKET, BY MATERIAL
           FIGURE 42 STEEL SEGMENT TO HOLD LARGEST MARKET SIZE IN INDUSTRIAL VALVES MARKET IN 2026
                    TABLE 36 INDUSTRIAL VALVES MARKET, BY MATERIAL, 2017–2020 (USD BILLION)
                    TABLE 37 INDUSTRIAL VALVES MARKET, BY MATERIAL, 2021–2026 (USD BILLION)
    9.2 STEEL
           9.2.1 DEMAND FOR STEEL INDUSTRIAL VALVES TO RISE DURING FORECAST PERIOD
    9.3 CAST IRON
           9.3.1 GROWING USE OF CAST IRON VALVES IN WATER & WASTEWATER TREATMENT AND HYDROELECTRIC POWER PLANTS RESULTS IN CONSIDERABLE MARKET SIZE
    9.4 ALLOY-BASED
           9.4.1 MARKET FOR ALLOY-BASED VALVES TO GROW AT SIGNIFICANT RATE IN COMING YEARS
    9.5 CRYOGENIC
           9.5.1 CRYOGENIC VALVES TO EXHIBIT HIGH CAGR DURING FORECAST PERIOD
    9.6 OTHERS
           9.6.1 BRONZE
           9.6.2 BRASS
           9.6.3 PLASTIC

10 INDUSTRIAL VALVE MARKET, BY SIZE (Page No. - 112)
     10.1 INTRODUCTION
               FIGURE 43 INDUSTRIAL VALVES MARKET, BY SIZE
               FIGURE 44 1– 6” SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
               TABLE 38 INDUSTRIAL VALVES MARKET, BY SIZE, 2017–2020 (USD BILLION)
               TABLE 39 INDUSTRIAL VALVES MARKET, BY SIZE, 2021–2026 (USD BILLION)
     10.2 <1”
             10.2.1 LESS THAN 1" SEGMENT TO CONTINUE TO HOLD A SIGNIFICANT MARKET SHARE DURING FORECAST PERIOD
     10.3 1–6”
             10.3.1 1–6" VALVES ARE WIDELY USED IN CRITICAL INDUSTRIES, INCLUDING OIL & GAS AND CHEMICALS
     10.4 7–25”
             10.4.1 MARKET FOR 7–25" VALVES TO GROW SIGNIFICANTLY DURING FORECAST PERIOD
     10.5 26–50”
             10.5.1 CHEMICALS, PHARMACEUTICALS, AND ENERGY & POWER ARE KEY INDUSTRIES THAT USE CONTROL VALVES SIZED 26–50"
     10.6 >50”
             10.6.1 OIL & GAS, POWER, AND PETROCHEMICALS INDUSTRIES TO ACCELERATE GROWTH OF MARKET FOR >50” VALVES

11 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY (Page No. - 117)
     11.1 INTRODUCTION
               FIGURE 45 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY
               FIGURE 46 ENERGY & POWER INDUSTRY TO LEAD INDUSTRIAL VALVES MARKET IN 2026
               TABLE 40 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2017–2020 (USD BILLION)
               TABLE 41 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2021–2026 (USD BILLION)
     11.2 OIL & GAS
             11.2.1 STEADY RECOVERY OF OIL & GAS INDUSTRY TO CREATE OPPORTUNITIES FOR INDUSTRIAL VALVES THROUGH CAPACITY EXPANSION PROJECTS AND MRO CONTRACTS
                       TABLE 42 INDUSTRIAL VALVES MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 43 INDUSTRIAL VALVES MARKET FOR OIL & GAS INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 44 INDUSTRIAL VALVES MARKET FOR OIL & GAS INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 45 INDUSTRIAL VALVES MARKET FOR OIL & GAS INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)
     11.3 WATER & WASTEWATER TREATMENT
             11.3.1 RISE IN DEMAND FOR CLEANER WATER AND MODIFICATION IN OLDER WATER INFRASTRUCTURE TO AUGMENT DEMAND FOR INDUSTRIAL VALVES
                       TABLE 46 INDUSTRIAL VALVES MARKET FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 47 INDUSTRIAL VALVES MARKET FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 48 INDUSTRIAL VALVES MARKET FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 49 INDUSTRIAL VALVES MARKET FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)
     11.4 ENERGY & POWER
             11.4.1 INCREASING NEED FOR ENERGY IN DEVELOPING COUNTRIES TO BOOST MARKET GROWTH BY 2026
                       TABLE 50 INDUSTRIAL VALVES MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 51 INDUSTRIAL VALVES MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 52 INDUSTRIAL VALVES MARKET FOR ENERGY & POWER INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 53 INDUSTRIAL VALVES MARKET FOR ENERGY & POWER INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)
     11.5 PHARMACEUTICALS
             11.5.1 APAC TO LEAD INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS INDUSTRY DURING 2021-2026
                       TABLE 54 INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 55 INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 56 INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 57 INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)
     11.6 FOOD & BEVERAGES
             11.6.1 IMPLEMENTATION OF INDUSTRIAL VALVES TO IMPROVE PROCESS EFFICIENCY
                       TABLE 58 INDUSTRIAL VALVES MARKET FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 59 INDUSTRIAL VALVES MARKET FOR FOOD & BEVERAGES INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 60 INDUSTRIAL VALVES MARKET FOR FOOD & BEVERAGES INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 61 INDUSTRIAL VALVES MARKET FOR FOOD & BEVERAGES INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)
     11.7 CHEMICALS
             11.7.1 INDUSTRIAL VALVES MEET STRINGENT PROTECTION REQUIREMENTS AND STANDARDS IN CHEMICALS INDUSTRY
                       TABLE 62 INDUSTRIAL VALVES MARKET FOR CHEMICALS INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 63 INDUSTRIAL VALVES MARKET FOR CHEMICALS INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 64 INDUSTRIAL VALVES MARKET FOR CHEMICALS INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 65 INDUSTRIAL VALVES MARKET FOR CHEMICALS INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)
     11.8 BUILDING & CONSTRUCTION
             11.8.1 SIGNIFICANT DECREASE IN DEMAND FOR INDUSTRIAL VALVES OWING TO CANCELED OR POSTPONED SMART INFRASTRUCTURE PROJECTS IN BUILDING & CONSTRUCTION INDUSTRY
                       TABLE 66 INDUSTRIAL VALVES MARKET FOR BUILDING & CONSTRUCTION INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 67 INDUSTRIAL VALVES MARKET FOR BUILDING & CONSTRUCTION INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 68 INDUSTRIAL VALVES MARKET FOR BUILDING & CONSTRUCTION INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 69 INDUSTRIAL VALVES MARKET FOR BUILDING & CONSTRUCTION INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)
     11.9 PULP & PAPER
             11.9.1 INDUSTRIAL VALVES HELP IN PREDICTIVE MAINTENANCE OF EQUIPMENT USED IN PULP AND PAPER MANUFACTURING
                       TABLE 70 INDUSTRIAL VALVES MARKET FOR PAPER & PULP INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 71 INDUSTRIAL VALVES MARKET FOR PAPER & PULP INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 72 INDUSTRIAL VALVES MARKET FOR PAPER & PULP INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 73 INDUSTRIAL VALVES MARKET FOR PAPER & PULP INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)
     11.1 METALS & MINING
               11.10.1 GROWING DEMAND FOR PREDICTIVE MAINTENANCE ENCOURAGING USE OF INDUSTRIAL VALVES
                                   TABLE 74 INDUSTRIAL VALVES MARKET FOR METALS & MINING INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 75 INDUSTRIAL VALVES MARKET FOR METALS & MINING INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                                   TABLE 76 INDUSTRIAL VALVES MARKET FOR METALS & MINING INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 77 INDUSTRIAL VALVES MARKET FOR METALS & MINING INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)
     11.11 AGRICULTURE
               11.11.1 GROWING DEMAND FOR PREDICTIVE MAINTENANCE ENCOURAGES USE OF INDUSTRIAL VALVES IN AGRICULTURE
                                   TABLE 78 INDUSTRIAL VALVES MARKET FOR AGRICULTURE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)
                                   TABLE 79 INDUSTRIAL VALVES MARKET FOR AGRICULTURE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)
                                   TABLE 80 INDUSTRIAL VALVES MARKET FOR AGRICULTURE INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)
                                   TABLE 81 INDUSTRIAL VALVES MARKET FOR AGRICULTURE INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)
     11.12 OTHERS
                       TABLE 82 INDUSTRIAL VALVES MARKET FOR OTHER INDUSTRIES, BY REGION, 2017–2020 (USD MILLION)
                       TABLE 83 INDUSTRIAL VALVES MARKET FOR OTHER INDUSTRIES, BY REGION, 2021–2026 (USD MILLION)
                       TABLE 84 INDUSTRIAL VALVES MARKET FOR OTHER INDUSTRIES, BY TYPE, 2017–2020 (USD MILLION)
                       TABLE 85 INDUSTRIAL VALVES MARKET FOR OTHER INDUSTRIES, BY TYPE, 2021–2026 (USD MILLION)

12 GEOGRAPHIC ANALYSIS (Page No. - 143)
     12.1 INTRODUCTION
               FIGURE 47 INDUSTRIAL VALVES MARKET: GEOGRAPHIC SNAPSHOT
               TABLE 86 INDUSTRIAL VALVES MARKET, BY REGION, 2017–2020 (USD BILLION)
               TABLE 87 INDUSTRIAL VALVES MARKET, BY REGION, 2021–2026 (USD BILLION)
     12.2 NORTH AMERICA
               FIGURE 48 SNAPSHOT OF INDUSTRIAL VALVES MARKET IN NORTH AMERICA
               TABLE 88 INDUSTRIAL VALVES MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD BILLION)
               TABLE 89 INDUSTRIAL VALVES MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD BILLION)
               TABLE 90 INDUSTRIAL VALVES MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 91 INDUSTRIAL VALVES MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             12.2.1 US
                       12.2.1.1 Aging water & wastewater infrastructure in US generates demand for industrial valves
             12.2.2 CANADA
                       12.2.2.1 Rising demand for energy to augment market growth in coming years
             12.2.3 MEXICO
                       12.2.3.1 Mexico holds modest growth opportunities for industrial valves market
     12.3 EUROPE
               FIGURE 49 SNAPSHOT OF INDUSTRIAL VALVES MARKET IN EUROPE
               TABLE 92 INDUSTRIAL VALVES MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD BILLION)
               TABLE 93 INDUSTRIAL VALVES MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD BILLION)
               TABLE 94 INDUSTRIAL VALVES MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 95 INDUSTRIAL VALVES MARKET IN EUROPE, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             12.3.1 UK
                       12.3.1.1 Water industry to propel demand for control valves
             12.3.2 GERMANY
                       12.3.2.1 Growth prospects of process industries encourage German industrial valves market growth
             12.3.3 FRANCE
                       12.3.3.1 Energy & power sector to boost French industrial valves market
             12.3.4 ITALY
                       12.3.4.1 Italian market to be accelerated by planned investments for water & wastewater treatment industry
             12.3.5 REST OF EUROPE
     12.4 ASIA PACIFIC
               FIGURE 50 SNAPSHOT OF INDUSTRIAL VALVES MARKET IN APAC
               TABLE 96 INDUSTRIAL VALVES MARKET IN APAC, BY COUNTRY, 2017–2020 (USD BILLION)
               TABLE 97 INDUSTRIAL VALVES MARKET IN APAC, BY COUNTRY, 2021–2026 (USD BILLION)
               TABLE 98 INDUSTRIAL VALVES MARKET IN APAC, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 99 INDUSTRIAL VALVES MARKET IN APAC, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             12.4.1 CHINA
                       12.4.1.1 Industrial valves market in China to be driven by growing demand from energy & power sector
             12.4.2 JAPAN
                       12.4.2.1 Reintegration of nuclear power plants to boost industrial valves market
             12.4.3 INDIA
                       12.4.3.1 Indian power industry to boost growth of industrial valves market in APAC
             12.4.4 SOUTH KOREA
                       12.4.4.1 Rising demand for valves for ultrapure and hygiene applications boosts market growth
             12.4.5 REST OF APAC
     12.5 REST OF THE WORLD (ROW)
               TABLE 100 INDUSTRIAL VALVES MARKET IN ROW, BY REGION, 2017–2020 (USD BILLION)
               TABLE 101 INDUSTRIAL VALVES MARKET IN ROW, BY REGION, 2021–2026 (USD BILLION)
               TABLE 102 INDUSTRIAL VALVES MARKET IN ROW, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 103 INDUSTRIAL VALVES MARKET IN ROW, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             12.5.1 MIDDLE EAST
                       12.5.1.1 COVID-19 pandemic adversely affected Middle Eastern industrial valves market
                                   TABLE 104 INDUSTRIAL VALVES MARKET IN MIDDLE EAST, BY COUNTRY, 2017–2020 (USD BILLION)
                                   TABLE 105 INDUSTRIAL VALVES MARKET IN MIDDLE EAST, BY COUNTRY, 2021–2026 (USD BILLION)
             12.5.2 SOUTH AMERICA
                       12.5.2.1 Market projected to register slower growth due to pandemic
             12.5.3 AFRICA
                       12.5.3.1 COVID-19 pandemic has adversely affected industrial valves market
                                   TABLE 106 INDUSTRIAL VALVES MARKET IN AFRICA, BY COUNTRY, 2017–2020 (USD BILLION)
                                   TABLE 107 INDUSTRIAL VALVES MARKET IN AFRICA, BY COUNTRY, 2021–2026 (USD BILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 165)
     13.1 OVERVIEW
     13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
               TABLE 108 OVERVIEW OF STRATEGIES ADOPTED BY VENDORS OF INDUSTRIAL VALVES
     13.3 REVENUE ANALYSIS OF TOP COMPANIES
               FIGURE 51 5-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN INDUSTRIAL VALVES MARKET
     13.4 MARKET SHARE ANALYSIS, 2020
               FIGURE 52 INDUSTRIAL VALVES MARKET: MARKET SHARE ANALYSIS (2020)
     13.5 COMPANY EVALUATION QUADRANT
             13.5.1 STAR
             13.5.2 EMERGING LEADER
             13.5.3 PERVASIVE
             13.5.4 PARTICIPANT
                       FIGURE 53 INDUSTRIAL VALVES MARKET: COMPANY EVALUATION QUADRANT, 2020
     13.6 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2020
             13.6.1 PROGRESSIVE COMPANY
             13.6.2 RESPONSIVE COMPANY
             13.6.3 DYNAMIC COMPANY
             13.6.4 STARTING BLOCK
                       FIGURE 54 INDUSTRIAL VALVES MARKET: SME EVALUATION QUADRANT, 2020
     13.7 INDUSTRIAL VALVE MARKET: COMPANY FOOTPRINT
               TABLE 109 COMPANY FOOTPRINT
               FIGURE 55 INDUSTRY FOOTPRINT OF COMPANIES
               TABLE 110 PRODUCT FOOTPRINT OF COMPANIES
               TABLE 111 REGIONAL FOOTPRINT OF COMPANIES
     13.8 COMPETITIVE SITUATIONS AND TRENDS
             13.8.1 INDUSTRIAL VALVE MARKET: PRODUCT LAUNCHES, APRIL 2019–MARCH 2021
             13.8.2 INDUSTRIAL VALVE MARKET: DEALS, APRIL 2019–MARCH 2021
             13.8.3 INDUSTRIAL VALVE MARKET: OTHERS, APRIL 2019–MARCH 2021

14 COMPANY PROFILES (Page No. - 178)
(Business Overview, Products Offered, Recent Developments, and MnM View)*
     14.1 KEY PLAYERS
             14.1.1 EMERSON ELECTRIC CO.
                       TABLE 112 EMERSON ELECTRIC CO.: BUSINESS OVERVIEW
                       FIGURE 56 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
                       TABLE 113 EMERSON ELECTRIC CO.: PRODUCTS OFFERED
             14.1.2 SCHLUMBERGER LIMITED
                       TABLE 114 SCHLUMBERGER LIMITED: BUSINESS OVERVIEW
                       FIGURE 57 SCHLUMBERGER LIMITED: COMPANY SNAPSHOT
                       TABLE 115 SCHLUMBERGER LIMITED: PRODUCT OFFERINGS
             14.1.3 FLOWSERVE CORPORATION
                       TABLE 116 FLOWSERVE CORPORATION: BUSINESS OVERVIEW
                       FIGURE 58 FLOWSERVE CORPORATION: COMPANY SNAPSHOT
                       TABLE 117 FLOWSERVE CORPORATION: PRODUCT OFFERINGS
             14.1.4 IMI PLC
                       TABLE 118 IMI PLC: BUSINESS OVERVIEW
                       FIGURE 59 IMI PLC: COMPANY SNAPSHOT
                       TABLE 119 IMI PLC: PRODUCT OFFERINGS
             14.1.5 NELES CORPORATION (METSO CORPORATION)
                       TABLE 120 NELES CORPORATION: BUSINESS OVERVIEW
                       FIGURE 60 NELES CORPORATION: COMPANY SNAPSHOT
                       TABLE 121 NELES CORPORATION: PRODUCT OFFERINGS
             14.1.6 SPIRAX SARCO LIMITED
                       TABLE 122 SPIRAX SARCO LIMITED: BUSINESS OVERVIEW
                       FIGURE 61 SPIRAX SARCO LIMITED: COMPANY SNAPSHOT
                       TABLE 123 SPIRAX SARCO LIMITED: PRODUCT OFFERINGS
             14.1.7 CRANE CO.
                       TABLE 124 CRANE CO.: BUSINESS OVERVIEW
                       TABLE 125 CRANE CO.: PRODUCT OFFERINGS
             14.1.8 KITZ CORPORATION
                       TABLE 126 KITZ CORPORATION: BUSINESS OVERVIEW
                       FIGURE 63 KITZ CORPORATION: COMPANY SNAPSHOT
                       TABLE 127 KITZ CORPORATION: PRODUCT OFFERINGS
             14.1.9 TRILLIUM FLOW TECHNOLOGIES (WEIR FLOW CONTROL)
                       TABLE 128 TRILLIUM FLOW TECHNOLOGIES: BUSINESS OVERVIEW
                       TABLE 129 TRILLIUM FLOW TECHNOLOGIES: PRODUCT OFFERINGS
             14.1.10 BRAY INTERNATIONAL
                       TABLE 130 BRAY INTERNATIONAL: BUSINESS OVERVIEW
                       TABLE 131 BRAY INTERNATIONAL: PRODUCT OFFERINGS
             14.1.11 CIRCOR INTERNATIONAL, INC.
                       TABLE 132 CIRCOR INTERNATIONAL, INC: BUSINESS OVERVIEW
                       FIGURE 64 CIRCOR INTERNATIONAL, INC.: COMPANY SNAPSHOT
                       TABLE 133 CIRCOR INTERNATIONAL, INC.: PRODUCT OFFERINGS
             14.1.12 EBRO ARMATUREN GEBR. BRÖER GMBH
                       TABLE 134 EBRO ARMATUREN GEBR. BRÖER GMBH: BUSINESS OVERVIEW
                       TABLE 135 EBRO ARMATUREN GEBR. BRÖER GMBH: PRODUCT OFFERINGS
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
     14.2 OTHER PLAYERS
             14.2.1 NEWAY VALVE CO.
                       TABLE 136 NEWAY VALVE CO.: BUSINESS OVERVIEW
             14.2.2 VELAN INC.
                       TABLE 137 VELAN INC.: BUSINESS OVERVIEW
             14.2.3 SAMSON CONTROLS
                       TABLE 138 SAMSON CONTROLS: BUSINESS OVERVIEW
             14.2.4 AVK HOLDING A/S
                       TABLE 139 AVK HOLDING A/S: BUSINESS OVERVIEW
             14.2.5 AVCON CONTROLS PVT LTD.
                       TABLE 140 AVCON CONTROLS PVT LTD.: BUSINESS OVERVIEW
             14.2.6 FORBES MARSHALL
                       TABLE 141 FORBES MARSHALL: BUSINESS OVERVIEW
             14.2.7 SWAGELOK COMPANY
                       TABLE 142 SWAGELOK COMPANY: BUSINESS OVERVIEW
             14.2.8 HAM-LET GROUP
                       TABLE 143 HAM–LET GROUP: BUSINESS OVERVIEW
             14.2.9 DWYER INSTRUMENTS LLC.
                       TABLE 144 DWYER INSTRUMENTS LLC.: BUSINESS OVERVIEW
             14.2.10 APOLLO VALVES
                       TABLE 145 APOLLO VALVES: BUSINESS OVERVIEW
             14.2.11 ALFA LAVAL
                       TABLE 146 ALFA LAVAL: BUSINESS OVERVIEW
             14.2.12 CURTISS-WRIGHT CORPORATION
                       TABLE 147 CURTISS-WRIGHT CORPORATION: BUSINESS OVERVIEW
             14.2.13 KLINGER HOLDING
                       TABLE 148 KLINGER HOLDING: BUSINESS OVERVIEW

15 ADJACENT & RELATED MARKETS (Page No. - 228)
     15.1 INTRODUCTION
     15.2 LIMITATIONS
     15.3 VACUUM VALVE MARKET, BY TYPE
               TABLE 149 VACUUM VALVE MARKET, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 150 VACUUM VALVE MARKET, BY TYPE, 2021–2026 (USD MILLION)
     15.4 PRESSURE CONTROL VALVES
               TABLE 151 PRESSURE CONTROL VALVES MARKET, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 152 PRESSURE CONTROL VALVES MARKET, BY TYPE, 2021–2026 (USD MILLION)
               TABLE 153 PRESSURE CONTROL VALVES MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 154 PRESSURE CONTROL VALVES MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
             15.4.1 BUTTERFLY VALVES
                       15.4.1.1 Butterfly valves ensure reliable operations, tight shut-off, and precise control
             15.4.2 ANGLE AND INLINE VALVES
                       15.4.2.1 Resistance against high differential pressure makes angle and inline valves suitable for different applications
             15.4.3 PENDULUM VALVES
                       15.4.3.1 Smooth gate closing and opening operation of pendulum valves ensures minimum particle release
             15.4.4 OTHERS
     15.5 ISOLATION VALVES
               TABLE 155 ISOLATION VALVES MARKET, BY TYPE, 2017–2020 (USD MILLION)
               TABLE 156 ISOLATION VALVES MARKET, BY TYPE, 2021–2026 (USD MILLION)
               TABLE 157 ISOLATION VALVES MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
               TABLE 158 ISOLATION VALVES MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
             15.5.1 BUTTERFLY VALVES
                       15.5.1.1 Butterfly valves hold ~6% share of revenue of isolation valves
             15.5.2 GATE VALVES
                       15.5.2.1 Market for isolation gate valves to grow at higher CAGR than other types of isolation valves between 2021 and 2026
             15.5.3 ANGLE AND INLINE VALVES
                       15.5.3.1 Angle/ inline and gate valves jointly account for ~76% share of revenue of isolation valves
             15.5.4 PENDULUM VALVES
                       15.5.4.1 Pendulum valves provide reliable isolation performance
             15.5.5 BALL VALVES
                       15.5.5.1 Ball valves are suitable for dirty vacuum operations
             15.5.6 OTHERS
     15.6 TRANSFER VALVES
             15.6.1 TRANSFER VALVES ARE LARGELY ADOPTED IN SEMICONDUCTOR INDUSTRY
                       TABLE 159 TRANSFER VALVES MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                       TABLE 160 TRANSFER VALVES MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
     15.7 AIR ADMITTANCE VALVES
             15.7.1 AIR ADMITTANCE VALVES ENABLE PRESSURE RELEASE IN CASE OF SYSTEM MALFUNCTIONING
                       TABLE 161 AIR ADMITTANCE VALVES MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                       TABLE 162 AIR ADMITTANCE VALVES MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)
     15.8 CHECK VALVES
             15.8.1 CHECK VALVES ARE USED IN APPLICATIONS REQUIRING UNIDIRECTIONAL FLOW CONTROL
                       TABLE 163 CHECK VALVES MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)
                       TABLE 164 CHECK VALVES MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)

16 APPENDIX (Page No. - 239)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 AVAILABLE CUSTOMIZATIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS  

The study involved four major activities in estimating the size of the industrial valves market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

In the secondary research process, various sources have been referred to for identifying and collecting information for this study on the industrial valves market. Secondary sources considered for this research study include government sources; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. Secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.

Secondary research has been mainly used to obtain key information about the supply chain of the industrial valves industry to identify the key players based on their products, as well as to identify the prevailing industry trends in the industrial valves market based on function, material, size, type, component, end-user industry, and region. It also includes information about the key developments undertaken from both markets- and technology-oriented perspectives.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the industrial valves market through secondary research. Several primary interviews have been conducted with key opinion leaders from both the demand and supply sides across four major regions: North America, Europe, APAC, and RoW. Approximately 25% of the primary interviews have been conducted with the demand side, while 75% have been conducted with the supply side. This primary data has been collected mainly through telephonic interviews, which account for 80% of the total primary interviews. Questionnaires and e-mails have also been used to collect data.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Industrial Valves Market Size, and Share

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

Market Size Estimation

The bottom-up procedure has been employed to arrive at the overall size of the industrial valves market.

  • Identifying various manufacturing companies that use or are expected to implement industrial valves at their production lines and analyzing their implementation patterns
  • Estimating the size of the industrial valves market based on the demand for industrial valves from manufacturing companies in different industries
  • Conducting primaries with a few major players operating in the industrial valve market for validating the global size of the market
  • Validating the market size through secondary sources, including company websites, press releases, research journals, and magazines
  • Calculating the CAGR of the industrial valve market through historical and future market trend analyses by understanding the industry penetration rate of various types of industrial valves and their demand and supply scenario for different industries
  • Verifying and cross-checking the estimates at every level through discussions with key opinion leaders such as corporate executives, directors, and sales heads, as well as with the domain experts at MarketsandMarkets
  • Studying various paid and unpaid information sources such as annual reports, press releases, white papers, and databases

Industrial Valves Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

The top-down approach has been used to estimate and validate the total size of the industrial valves market.

  • Information related to revenues obtained from key manufacturers and providers of industrial valves was studied and analyzed to estimate the global size of the industrial valve market.
  • Revenues, geographic presence, key industries served, and the different types of offerings of all identified players in the industrial valve market were studied to estimate and arrive at the percentage split of the different segments of the market.
  • All major players in each category (type and component) of the industrial valve market were identified through secondary research and verified through brief discussions with industry experts.
  • Multiple discussions were conducted with key opinion leaders of all major companies involved in the development of industrial valves to validate the market split based on function, material, size, type, component, end-user industry, and region.
  • Geographic splits were estimated using secondary sources based on various factors, such as the number of players offering industrial valves in a specific country or region and the type of industrial valves offered by these players.

Industrial Valves Market Size, and Share

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides in the industrial valves market.

Report Objectives

  • To define and forecast the size of the industrial valves market, in terms of value, by function, material, type, component, size, end-user industry, and geography
  • To describe and forecast the size of the market for four key regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), along with their key countries
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the industrial valves ecosystem
  • To strategically profile key players and comprehensively analyze their market position in terms of their ranking and core competencies
  • To provide a competitive landscape of the market

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 based on various blocks of the value chain.
Report Code
SE 5302
Published ON
Jan, 2022
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