Industrial Valves Market

Industrial Valves Market With COVID-19 & Oil Price Crisis Impact Analysis By Function (On-off/Isolation, Control), Material, Type, Size, End-User (Oil & Gas, Energy & Power, Water & Wastewater Treatment), and Region - Global Forecast to 2025

Report Code: SE 5302 Jul, 2020, by marketsandmarkets.com

[235 Pages Report] The global industrial valves market size was valued at USD 48.1 billion in 2020 and is projected to reach USD 85.7 billion by 2025. It is expected to grow at a CAGR of 12.3% during the forecast period. Increasing demand for valves from the pharmaceuticals industry due to the outbreak of the COVID-19 pandemic, growing focus on the development of smart cities globally, rising need for connected networks to maintain and monitor industrial equipment, and surging requirement for establishing new nuclear power plants and revamping existing ones are the key driving factors for the industrial valves market.

Industrial Valves Market

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Industrial Valves Market

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The world is facing an economic crisis caused by the COVID-19 pandemic outbreak. The pandemic has affected the oil & gas industry badly, with oil prices slashing like never before. Major producers of oil are running out of storage space for extracted oil, and the demand is on a declining trend. This has resulted in a huge gap between supply and demand. Oil & gas is one of the key industries using valves. The water & wastewater treatment and energy & power industries are also among the key end-users of valves. These industries are also witnessing a shrinking demand due to the pandemic situation globally. There is a restriction on foreign trades due to the lockdown of international borders, non-operational distribution channels, and various government laws to take precautionary measures for public health and safety. However, it is expected that there will be an increasing focus on hygiene and sanitation due to the rise in people’s concern for a better and safer lifestyle. An increase in demand from the energy & power sector is also likely to drive the industrial valves market for the energy & power end-use industry gradually from 2021 to 2025.

Market Dynamics:

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

With the rapid spread of the coronavirus, healthcare and pharmaceutical industries are at the forefront of combating COVID-19. There is a rise in the production of all the critical medical devices required to cure COVID 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 fight against the deadly coronavirus pandemic. For instance, Emerson’s valves are capable of managing pressure relief, keeping equipment and materials clean in sterilizers, in oxygen therapy devices to help high-risk patients or those in recovery, as well as support blood 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.

Additionally, Emerson makes a series of miniature instrument-level valves for analytical and medical equipment, and the company, for the first time, is witnessing the growing demand from the providers of oxygen therapy devices. Additionally, new hospital beds, these days, have 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 adopted to a great extent 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. The company also offers a series of ASCO solenoid valves that find applications in hospital beds.

Also, companies are increasingly investing in research and development pertaining to automatic components such as solenoid valves that are supplied to the pharmaceutical industry. Likewise, pharmaceutical companies seek to develop sophisticated fluid handling systems, such as automatic sanitizer dispensers and liquid soap dispensers, which, in turn, is creating the need for valves. Thus, the growing production of healthcare devices and increasing R&D investments in the pharma field boost the growth of the industrial valves market.

Restraint:  Lack of standardized norms and governing policies

Valve manufacturers need to adhere to certain norms and regulations. Different regions have different certifications and policies with respect to valves. This factor creates diversity in demand due to the wide applicability of valves in various industries, such as oil & gas, food & beverages, pharmaceuticals, energy & power, water & wastewater treatment, building & construction, chemicals, and pulp & paper. However, such 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 the 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 the world, thus requiring additional capital.

Opportunity:  Implementation of valves in water & wastewater treatment plants to handle sanitation-related issues with the rapid spread of COVID-19

In the COVID-19 pandemic situation, water utilities are under close observation to provide safe drinking water and sanitation. The outbreak of coronavirus has created insecurity among people. Water & wastewater treatment is among the essential services, and hence, the plants are operational for all residential services. The pandemic has made people more concerned about sanitation and clean water. Thus, investments in establishing water treatment plants are expected to propel the growth of the industrial valves market.

Additionally, the aging infrastructure in the water & wastewater treatment industry is the primary concern in several countries. For instance, the US has a wide network of old pipelines that are used for transporting water and wastewater. Valves used in old infrastructure are also on the verge of replacement as they have surpassed their operational life. Hence, it is important to replace such valves for improved performance and better worker safety. Thus, the rising concern of people for better sanitation and increasing fresh investments in water supply and sanitation projects creates significant opportunities for the providers of valves having applications in the water & wastewater treatment industry.

Challenge: Adverse impact of COVID-19 pandemic on key end-user industries such as oil & gas and energy & power   

From a single case in China to a global pandemic in less than 3 months, the outbreak of COVID-19 has forced governments worldwide to take drastic measures to protect public health in 2020. This global health crisis has also dented economic growth prospects and upended the oil market. The oil market has been supported by additional production adjustments put in place by OPEC and non-OPEC countries in the Declaration of Cooperation for the first quarter of 2020. In the last week of March and the entire April, all the indices have deteriorated in terms of economy, stocks, equities, financial instruments, metals, commodities, and oil. Since the beginning of 2020, crude oil prices are decreasing dramatically. Consumer demand has declined following the continued spread of the virus and its negative impact on the economy, which, in turn, has led to the disagreement between of the largest oil producers, Russia and Saudi Arabia, in early March. All these factors are expected to lead to a setback in the industrial valves market in the oil & gas industry.

The pandemic has affected the oil & gas industry badly, with oil prices slashing like never before. Key oil-producing companies are running out of storage space for extracted oil, and the demand is on a declining trend. This has resulted in a huge gap between supply and demand. Oil & gas is one of the key industries for industrial valves. The pandemic has an adverse impact on the growth of the industrial valves market.

During the last two months, i.e., March and April, in 2020, the electricity demand curve has changed in the affected regions. The demand for residential use electricity is high; however, the commercial and industrial use of electricity is almost near to null, except for essential services. The power sector has been adversely affected by the COVID-19 pandemic. The energy & power industry will see a decline in industrial production in 2020. This, in turn, is expected to affect the global industrial valves market because usually, a large power plant uses hundreds of valves to manage the flow of water and steam.

The lockdown in many countries has led to the shutdown of most commercial activities, except essential ones, across the world. People are instructed to remain within the confines of their homes and work from home as far as possible. Consequently, the electricity demand in the industrial and commercial sectors has reduced significantly, while from the residential area, the demand has increased. Such a decline in demand has directly affected the industrial valves market. New projects have come to a standstill, along with which the demand for valves used or required for new facilities has been affected.

On-off/Isolation valves to account for a larger share of the industrial valves market by 2025

On-off/isolation 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/isolation 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 2019

Steel industrial valves accounted for the largest market share in 2019. 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 to account for the largest market share during the forecast period

The oil & gas industry accounted for the largest share of the industrial valves market in 2019 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 facing an economic crisis due to the outbreak of the COVID-19 pandemic. The onset of this epidemic has affected the oil & gas industry badly, with oil prices slashing like never before. Similarly, on the one side, major oil-producing companies are running out of space to store extracted oil. In contrast, the oil demand has declined drastically, which has created a huge demand-supply gap. Oil & gas is one of the key industries for industrial valves, but the pandemic has adversely affected the industrial valves market in 2020 to a greater extent.

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

APAC to account for the largest market share during the forecast period

APAC held the largest share of 33% of the industrial valves market in 2019. Rapid population growth and urbanization in developing economies such as China, Japan, and India have led to the growth of the energy & power, water & wastewater treatment, building & construction, chemicals, pharmaceuticals, and oil & gas industries. This, in turn, increased the demand for industrial valves until 2019. However, COVID-19, a global health emergency and also an economic crisis, has hit the industrial valves market in 2020 adversely. The industrial valves market is expected to witness a significant decline as a few of the major industries adopting industrial valves are oil & gas, energy & power, and water & wastewater treatment. These industries are non-operational due to stringent measures, which include lockdown, restrictions on foreign trade, and a halt in the supply of non-essential goods and services taken by several governments across the world as precautionary measures for the safety of people. There is also a huge supply-demand gap due to the decline in global demand.

Key Market Players

Emerson (US), Cameron – Schlumberger (US), Flowserve (US), IMI Plc. (UK), and Metso (Finland), are among the major players in the industrial valves market.

Scope of the Report

Report Metric

Details

Market Size Availability for Years

2017–2025

Base Year

2019

Forecast Period

2020–2025

Forecast Units

Value (USD)

Segments Covered

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

Geographies Covered

North America, Europe, APAC, and RoW

Companies Covered

Emerson, Cameron – Schlumberger, Flowserve, IMI Plc, and Metso.
A total of 20 players are covered.

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

Based on function:

  • On-off/Isolation
  • 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 size:

  • Up To 1”
  • 1-6”
  • 6-25”
  • 25-50”
  • 50” and Larger

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 April 2020, Emerson announced its new Remote Assistance service capability to help plant operators immediately respond to industrial valve issues by using augmented reality (AR) technology. The AR technology uses a robust, secure channel certified as ISO 27001-compliant.
  • In February 2020, Emerson introduced the ASC Series 158 Gas Valve and Series 159 Motorized Actuator. Designed specifically for burner-boiler applications, the new products give OEMs, distributors, contractors, and end-users a new combustion safety shut-off valve option that increases safety and reliability and enhances both flow and control.
  • In February 2020, Schlumberger 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. The center will manufacture various technologies, including liner hangers and packers and valve technologies, such as GROVE valves and ORBIT rising stem ball valves, to help improve the efficiency of oil and gas operations in the Kingdom and neighboring countries.
  • In January 2020, Emerson launched the redesigned ASCO Series 353 Pulse Valve designed to help original equipment manufacturers (OEMs) and end-users achieve a more effective, efficient, and convenient bag cleaning every time.
  • In September 2019, Emerson acquired the Spence and Nicholson product lines from CIRCOR International, one of the key manufacturers of flow and motion control products for the most severe service- and mission-critical applications. The acquisition complemented Emerson’s broad portfolio of steam system solutions for process industries and commercial buildings.
  • In August 2019, IMI plc acquired PBM, a manufacturer of ball valves and specialty valves for both sanitary and industrial applications. The acquisition helped IMI expand the operations of IMI Critical into new market segments, including pharmaceutical and food processing, and allowed PBM to capitalize on IMI’s global reach and support network.
  • In December 2018, Emerson acquired Advanced Engineering Valves (Belgium), a leading manufacturer of innovative valve technology that helps LNG customers operate more efficiently. This acquisition helped Emerson to provide its customers with an enhanced portfolio of valves to improve process performance and reliability.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           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
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 MARKET STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA
        FIGURE 2 INDUSTRIAL VALVES MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 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
    2.2 MARKET SIZE ESTIMATION
        FIGURE 3 SUPPLY-SIDE ANALYSIS: INDUSTRIAL VALVES MARKET (1/2)
        FIGURE 4 SUPPLY-SIDE ANALYSIS: INDUSTRIAL VALVES MARKET (2/2)
        FIGURE 5 DEMAND-SIDE ANALYSIS: INDUSTRIAL VALVES MARKET
           2.2.1 BOTTOM-UP APPROACH
                 FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 8 INDUSTRIAL VALVES MARKET: DATA TRIANGULATION
    2.4 ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 42)
    3.1 INDUSTRIAL VALVES MARKET: REALISTIC SCENARIO
        FIGURE 9 INDUSTRIAL VALVES MARKET: OPTIMISTIC, REALISTIC, PESSIMISTIC, AND PRE-COVID-19 SCENARIO ANALYSIS (2017–2025)
    3.2 INDUSTRIAL VALVES MARKET: OPTIMISTIC SCENARIO
    3.3 INDUSTRIAL VALVES MARKET: PESSIMISTIC SCENARIO
        FIGURE 10 INDUSTRIAL VALVES MARKET SIZE, 2017–2025
        FIGURE 11 ON-OFF VALVES TO HOLD LARGER MARKET SHARE IN 2025
        FIGURE 12 STEEL TO CAPTURE LARGEST SHARE OF INDUSTRIAL VALVES MARKET, BY MATERIAL, IN 2020
        FIGURE 13 GLOBE VALVES TO CAPTURE LARGEST SIZE OF INDUSTRIAL VALVES MARKET, BY TYPE, IN 2020
        FIGURE 14 1” TO 6” SIZED VALES TO CAPTURE LARGEST SHARE OF INDUSTRIAL VALVES MARKET, BY SIZE, IN 2020
        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 2020

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN INDUSTRIAL VALVES MARKET
        FIGURE 17 INCREASING DEMAND FOR VALVES FROM HEALTHCARE & PHARMACEUTICALS INDUSTRIES DUE TO COVID-19 PANDEMIC IS DRIVING INDUSTRIAL VALVES MARKET
    4.2 INDUSTRIAL VALVES MARKET, BY FUNCTION
        FIGURE 18 ON-OFF/ISOLATION VALVES TO HOLD LARGER MARKET SHARE
    4.3 INDUSTRIAL VALVES MARKET, BY MATERIAL
        FIGURE 19 STEEL INDUSTRIAL VALVES TO HOLD LARGEST MARKET SIZE IN 2025
    4.4 INDUSTRIAL VALVES MARKET, BY TYPE
        FIGURE 20 GLOBE VALVES TO HOLD LARGEST MARKET SIZE IN 2025
    4.5 INDUSTRIAL VALVES MARKET, BY SIZE
        FIGURE 21 1” TO 6” INDUSTRIAL VALVES TO HOLD LARGEST MARKET SIZE IN 2025
    4.6 INDUSTRIAL VALVES MARKET IN APAC, BY COUNTRY AND END-USER INDUSTRY
        FIGURE 22 CHINA AND ENERGY & POWER TO ACCOUNT FOR LARGEST MARKET SHARE IN APAC IN 2025
    4.7 INDUSTRIAL VALVES MARKET, BY COUNTRY
        FIGURE 23 US TO ACCOUNT FOR LARGEST SHARE OF GLOBAL INDUSTRIAL VALVES MARKET IN 2025

5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 24 INDUSTRIAL VALVES MARKET: COVID-19-RELATED MARKET DYNAMICS
           5.2.1 DRIVERS
                 FIGURE 25 INDUSTRIAL VALVES MARKET DRIVERS AND THEIR IMPACT
                    5.2.1.1 Increasing demand for valves from healthcare and pharmaceuticals industries due to outbreak of COVID-19 pandemic
                    5.2.1.2 Growing focus on development of smart cities globally
                    5.2.1.3 Rising need for connected networks to maintain and monitor industrial equipment
                    5.2.1.4 Surging requirement for establishing new nuclear power plants and revamping existing ones
           5.2.2 RESTRAINTS
                 FIGURE 26 INDUSTRIAL VALVES MARKET RESTRAINTS AND THEIR IMPACT
                    5.2.2.1 Lack of standardized norms and governing policies
           5.2.3 OPPORTUNITIES
                 FIGURE 27 INDUSTRIAL VALVES MARKET OPPORTUNITIES AND THEIR IMPACT
                    5.2.3.1 Implementation of valves in water & wastewater treatment plants to handle sanitation-related issues with rapid spread of COVID-19
                    5.2.3.2 Utilization of IIoT and Industry 4.0 in industrial plants
                    5.2.3.3 Application of 3D printing technology in manufacturing valves
                    5.2.3.4 Need for replacement of outdated valves and adoption of smart valves
                    5.2.3.5 Focus of industry players on offering improved customer services
           5.2.4 CHALLENGES
                 FIGURE 28 INDUSTRIAL VALVES MARKET CHALLENGES AND THEIR IMPACT
                    5.2.4.1 Adverse impact of COVID-19 pandemic on key end-user industries such as oil & gas and energy & power
                    5.2.4.2 Slowdown in oil & gas sector due to oil price crisis
                    5.2.4.3 Rise in collaboration activities among industry players
                    5.2.4.4 Unplanned downtime due to malfunctioning or failure of valves

6 INDUSTRY TRENDS (Page No. - 63)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN ANALYSIS
        FIGURE 29 RAW MATERIAL AND COMPONENT SUPPLIERS AND ORIGINAL EQUIPMENT MANUFACTURERS COLLECTIVELY ADD MAJOR VALUE TO PRODUCT
    6.3 IMPACT OF COVID-19 ON VALVE ECOSYSTEM AND EXTENDED ECOSYSTEM (ADJACENT MARKETS)
           6.3.1 RAW MATERIAL AND COMPONENT SUPPLIERS
           6.3.2 OEM MANUFACTURERS
           6.3.3 SYSTEM INTEGRATORS
           6.3.4 SALES CONSULTANTS AND DISTRIBUTORS
    6.4 CONSUMER BUYING PROCESS
           6.4.1 ONLINE VALVE PURCHASE TREND TO DISRUPT TRADITIONAL CONSUMER BUYING PROCESS OF VALVE INDUSTRY
                 FIGURE 30 CONSUMER BUYING PROCESS
    6.5 INDUSTRY TRENDS
           6.5.1 DIGITIZATION AND INTEGRATION OF ADVANCED TECHNOLOGIES SUCH AS ARTIFICIAL INTELLIGENCE INTO INDUSTRIAL VALVES
           6.5.2 IMPACT OF IOT ON INDUSTRIAL VALVES MARKET

7 INDUSTRIAL VALVES MARKET, BY FUNCTION (Page No. - 69)
    7.1 INTRODUCTION
        FIGURE 31 INDUSTRIAL VALVES MARKET, BY FUNCTION
        FIGURE 32 ON-OFF/ISOLATION VALVES TO CONTINUE TO HOLD LARGER MARKET SIZE DURING FORECAST PERIOD
        TABLE 1 INDUSTRIAL VALVES MARKET, BY FUNCTION, 2017–2025 (USD BILLION)
    7.2 ON-OFF/ISOLATION VALVES
           7.2.1 ON-OFF/ISOLATION VALVES ACCOUNTED FOR LARGER MARKET SHARE IN 2019
    7.3 CONTROL VALVES
           7.3.1 CONTROL VALVES TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD
    7.4 MNM VIEW POINT (IMPACT OF COVID-19 & OIL PRICE CRISIS)

8 INDUSTRIAL VALVES MARKET, BY MATERIAL (Page No. - 74)
    8.1 INTRODUCTION
        FIGURE 33 INDUSTRIAL VALVES MARKET, BY MATERIAL
        FIGURE 34 STEEL INDUSTRIAL VALVES TO HOLD LARGEST MARKET SIZE IN 2025
        TABLE 2 INDUSTRIAL VALVES MARKET, BY MATERIAL, 2017–2025 (USD BILLION)
    8.2 STEEL
           8.2.1 DEMAND FOR STAINLESS STEEL INDUSTRIAL VALVES TO RISE DURING FORECAST PERIOD
                 TABLE 3 INDUSTRIAL VALVES MARKET FOR STEEL, BY TYPE, 2017–2025 (USD MILLION)
    8.3 CAST IRON
           8.3.1 CONSIDERABLE MARKET SIZE OWING TO GROWING USE OF CAST IRON VALVES IN WATER & WASTEWATER TREATMENT AND HYDROELECTRIC POWER PLANTS
                 TABLE 4 INDUSTRIAL VALVES MARKET FOR CAST IRON, BY TYPE, 2017–2025 (USD MILLION)
    8.4 ALLOY BASED
           8.4.1 MARKET FOR ALLOY-BASED VALVES TO GROW AT SIGNIFICANT RATE IN COMING YEARS
                 TABLE 5 INDUSTRIAL VALVES MARKET FOR ALLOY BASED, BY TYPE, 2017–2025 (USD MILLION)
    8.5 CRYOGENIC
           8.5.1 CRYOGENIC VALVES TO EXHIBIT HIGH CAGR DURING FORECAST PERIOD
                 TABLE 6 INDUSTRIAL VALVES MARKET FOR CRYOGENIC, BY TYPE, 2017–2025 (USD MILLION)
    8.6 OTHERS
        TABLE 7 INDUSTRIAL VALVES MARKET FOR OTHER MATERIALS, BY TYPE, 2017–2025 (USD MILLION)
           8.6.1 BRASS
           8.6.2 BRONZE
           8.6.3 PLASTIC

9 INDUSTRIAL VALVES MARKET, BY TYPE (Page No. - 83)
    9.1 INTRODUCTION
        FIGURE 35 INDUSTRIAL VALVES MARKET, BY TYPE
        FIGURE 36 GLOBE VALVES TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD
        TABLE 8 INDUSTRIAL VALVE MARKET, BY TYPE, 2017–2025 (USD BILLION)
    9.2 BALL VALVES
           9.2.1 BALL VALVES TO CONTINUE TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
                 TABLE 9 INDUSTRIAL BALL VALVE MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
                 FIGURE 37 TYPES OF BALL VALVES
                    9.2.1.1 Trunnion-mounted ball valves
                    9.2.1.2 Floating ball valves
                    9.2.1.3 Rising stem ball valves
    9.3 BUTTERFLY VALVES
           9.3.1 BUTTERFLY VALVES ACCOUNT FOR MAJOR MARKET SHARE OWING TO THEIR RELIABLE FIELD OPERATIONS, TIGHT SHUT-OFF, AND PRECISE CONTROL
                 TABLE 10 INDUSTRIAL BUTTERFLY VALVE MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
                 FIGURE 38 TYPES OF BUTTERFLY VALVE
                    9.3.1.1 Zero offset butterfly valves
                    9.3.1.2 Double offset butterfly valves
                    9.3.1.3 Triple offset butterfly valves
    9.4 CHECK VALVES
           9.4.1 CHECK VALVES ARE ADOPTED FOR APPLICATIONS REQUIRING UNIDIRECTIONAL FLOW CONTROL
                 TABLE 11 INDUSTRIAL CHECK VALVE MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
    9.5 DIAPHRAGM VALVES
           9.5.1 DIAPHRAGM VALVES ARE HIGHLY ADOPTED IN PHARMACEUTICALS & CHEMICALS INDUSTRY TO AVOID CONTAMINATION
                 TABLE 12 INDUSTRIAL DIAPHRAGM VALVE MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
    9.6 GATE VALVES
           9.6.1 GATE VALVES ARE MOST WIDELY ADOPTED FOR ON-OFF APPLICATIONS
                 FIGURE 39 TYPES OF GATE VALVES
                    9.6.1.1 Standard plate gate valves
                    9.6.1.2 Wedge gate valves
                    9.6.1.3 Knife gate valves
                            TABLE 13 INDUSTRIAL GATE VALVE MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
    9.7 GLOBE VALVES
           9.7.1 GLOBE VALVES TO HOLD SECOND-LARGEST MARKET SIZE BY 2025
                 TABLE 14 INDUSTRIAL GLOBE VALVE MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
    9.8 PLUG VALVES
           9.8.1 MARKET FOR PLUG VALVES EXPECTED TO WITNESS SUBSTANTIAL GROWTH IN NEXT FEW YEARS
                 TABLE 15 INDUSTRIAL PLUG VALVE MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
    9.9 SAFETY VALVES
           9.9.1 SAFETY VALVES ARE HIGHLY ADOPTED IN OIL & GAS, ENERGY & POWER, AND CHEMICALS INDUSTRIES
                 TABLE 16 INDUSTRIAL SAFETY VALVE MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
    9.10 MNM VIEWPOINT (IMPACT OF COVID-19 AND OIL PRICE CRISIS)

10 INDUSTRIAL VALVE MARKET, BY SIZE (Page No. - 97)
     10.1 INTRODUCTION
          FIGURE 40 INDUSTRIAL VALVES MARKET, BY SIZE
          FIGURE 41 1” TO 6” INDUSTRIAL VALVES TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
          TABLE 17 INDUSTRIAL VALVE MARKET, BY SIZE, 2017–2025 (USD MILLION)
     10.2 UP TO 1”
             10.2.1 UP TO 1" VALVES TO CONTINUE TO HOLD LARGEST 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 6”–25”
             10.4.1 MARKET FOR 6"–25"VALVES TO GROW SIGNIFICANTLY DURING FORECAST PERIOD
     10.5 25”–50”
             10.5.1 CHEMICALS, PHARMACEUTICALS, AND ENERGY & POWER ARE KEY INDUSTRIES THAT USE CONTROL VALVES SIZED 25"–50"
     10.6 50” AND LARGER
             10.6.1 OIL & GAS, POWER, AND PETROCHEMICALS INDUSTRIES TO ACCELERATE GROWTH OF MARKET FOR 50" AND LARGER VALVES

11 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY (Page No. - 102)
     11.1 INTRODUCTION
          FIGURE 42 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY
          FIGURE 43 ENERGY & POWER TO CONTINUE TO DOMINATE INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
          TABLE 18 INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY, 2017–2025 (USD BILLION)
     11.2 OIL & GAS
             11.2.1 OIL & GAS COMPANIES TO WITNESS MAJOR SETBACK IN 2020 DUE TO OUTBREAK OF COVID-19 AND OIL PRICE CRISIS
                    FIGURE 44 APPLICATIONS OF DIFFERENT TYPES OF INDUSTRIAL VALVES IN OIL & GAS INDUSTRY
                    FIGURE 45 OIL & GAS END-USER INDUSTRY: PRE- AND POST-COVID-19 SCENARIO ANALYSIS
                    TABLE 19 INDUSTRIAL VALVES MARKET FOR OIL & GAS END-USER INDUSTRY, BY PRE- AND POST-COVID-19 SCENARIO, 2017–2025 (USD BILLION)
             11.2.2 MNM VIEWPOINT (IMPACT OF COVID-19 & OIL PRICE CRISIS)
                    TABLE 20 INDUSTRIAL VALVES MARKET FOR OIL & GAS END-USER INDUSTRY, BY REGION, 2017–2025 (USD BILLION)
                    TABLE 21 INDUSTRIAL VALVES MARKET FOR OIL & GAS END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 22 INDUSTRIAL VALVES MARKET FOR OIL & GAS END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 23 INDUSTRIAL VALVES MARKET FOR OIL & GAS END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 24 INDUSTRIAL VALVES MARKET FOR OIL & GAS END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (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
                    FIGURE 46 INDUSTRIAL VALVE APPLICATIONS IN WATER & WASTEWATER TREATMENT PLANTS
                    FIGURE 47 WATER & WASTEWATER TREATMENT END-USER INDUSTRY: PRE- AND POST-COVID-19 SCENARIO ANALYSIS
                    TABLE 25 INDUSTRIAL VALVES MARKET FOR WATER & WASTEWATER TREATMENT END-USER INDUSTRY, BY PRE- AND POST-COVID-19 SCENARIO, 2017–2025 (USD BILLION)
             11.3.2 MNM VIEWPOINT (IMPACT OF COVID-19)
                    TABLE 26 INDUSTRIAL VALVES MARKET FOR WATER & WASTEWATER TREATMENT END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 27 INDUSTRIAL VALVES MARKET FOR WATER & WASTEWATER TREATMENT END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 28 INDUSTRIAL VALVES MARKET FOR WATER & WASTEWATER TREATMENT END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 29 INDUSTRIAL VALVES MARKET FOR WATER & WASTEWATER TREATMENT END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 30 INDUSTRIAL VALVES MARKET FOR WATER & WASTEWATER TREATMENT END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
     11.4 ENERGY & POWER
             11.4.1 INCREASING NEED FOR ENERGY IN DEVELOPING COUNTRIES TO BOOST MARKET GROWTH BY 2025
                    FIGURE 48 INDUSTRIAL VALVE APPLICATIONS IN ENERGY & POWER PLANTS: COMBINED CYCLE POWER PLANT
             11.4.2 MNM VIEWPOINT (IMPACT OF COVID-19)
                    TABLE 31 INDUSTRIAL VALVES MARKET FOR ENERGY & POWER END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 32 INDUSTRIAL VALVES MARKET FOR ENERGY & POWER END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 33 INDUSTRIAL VALVES MARKET FOR ENERGY & POWER END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 34 INDUSTRIAL VALVES MARKET FOR ENERGY & POWER END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 35 INDUSTRIAL VALVES MARKET FOR ENERGY & POWER END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
     11.5 PHARMACEUTICALS
             11.5.1 NORTH AMERICA TO LEAD INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS INDUSTRY DURING 2020–2025
                    FIGURE 49 PHARMACEUTICALS END-USER INDUSTRY: PRE- AND POST-COVID-19 SCENARIO ANALYSIS
                    TABLE 36 INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS END-USER INDUSTRY, BY PRE- AND POST-COVID-19 SCENARIO, 2017–2025 (USD BILLION)
             11.5.2 MNM VIEWPOINT (IMPACT OF COVID-19)
                    TABLE 37 INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 38 INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 39 INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 40 INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 41 INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
     11.6 FOOD & BEVERAGES
             11.6.1 IMPLEMENTATION OF INDUSTRIAL VALVES TO IMPROVE PROCESS EFFICIENCY
                    FIGURE 50 INDUSTRIAL VALVE APPLICATIONS IN FOOD & BEVERAGES INDUSTRY
             11.6.2 MNM VIEWPOINT (IMPACT OF COVID-19)
                    TABLE 42 INDUSTRIAL VALVES MARKET FOR FOOD & BEVERAGES END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 43 INDUSTRIAL VALVES MARKET FOR FOOD & BEVERAGES END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 44 INDUSTRIAL VALVES MARKET FOR FOOD & BEVERAGES END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 45 INDUSTRIAL VALVES MARKET FOR FOOD & BEVERAGES END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 46 INDUSTRIAL VALVES MARKET FOR FOOD & BEVERAGES END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
     11.7 CHEMICALS
             11.7.1 INDUSTRIAL VALVES MEET MOST STRINGENT PROTECTION REQUIREMENTS AND STANDARDS IN CHEMICALS INDUSTRY
                    FIGURE 51 INDUSTRIAL VALVE APPLICATIONS IN CHEMICAL PLANTS
             11.7.2 MNM VIEWPOINT (IMPACT OF COVID-19)
                    TABLE 47 INDUSTRIAL VALVES MARKET FOR CHEMICALS END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 48 INDUSTRIAL VALVES MARKET FOR CHEMICALS END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 49 INDUSTRIAL VALVES MARKET FOR CHEMICALS END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 50 INDUSTRIAL VALVES MARKET FOR CHEMICALS END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 51 INDUSTRIAL VALVES MARKET FOR CHEMICALS END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
     11.8 BUILDING & CONSTRUCTION
             11.8.1 SIGNIFICANT DECREASE IN DEMAND FOR INDUSTRIAL VALVES OWING TO CANCELLED OR POSTPONED SMART INFRASTRUCTURE PROJECTS IN BUILDING & CONSTRUCTION INDUSTRY
             11.8.2 MNM VIEWPOINT (IMPACT OF COVID-19)
                    TABLE 52 INDUSTRIAL VALVES MARKET FOR BUILDING & CONSTRUCTION END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 53 INDUSTRIAL VALVES MARKET FOR BUILDING & CONSTRUCTION END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 54 INDUSTRIAL VALVES MARKET FOR BUILDING & CONSTRUCTION END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 55 INDUSTRIAL VALVES MARKET FOR BUILDING & CONSTRUCTION END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 56 INDUSTRIAL VALVES MARKET FOR BUILDING & CONSTRUCTION END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
     11.9 PULP & PAPER
             11.9.1 INDUSTRIAL VALVES HELP IN PREDICTIVE MAINTENANCE OF EQUIPMENT USED IN PULP AND PAPER MANUFACTURING
             11.9.2 MNM VIEWPOINT (IMPACT OF COVID-19)
                    TABLE 57 INDUSTRIAL VALVES MARKET FOR PULP & PAPER END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 58 INDUSTRIAL VALVES MARKET FOR PULP & PAPER END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 59 INDUSTRIAL VALVES MARKET FOR PULP & PAPER END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 60 INDUSTRIAL VALVES MARKET FOR PULP & PAPER END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 61 INDUSTRIAL VALVES MARKET FOR PULP & PAPER END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
     11.10 METALS & MINING
             11.10.1 GROWING DEMAND FOR PREDICTIVE MAINTENANCE ENCOURAGING USE OF INDUSTRIAL VALVES
             11.10.2 MNM VIEWPOINT (IMPACT OF COVID-19)
                     TABLE 62 INDUSTRIAL VALVES MARKET FOR METALS & MINING END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
                      TABLE 63 INDUSTRIAL VALVES MARKET FOR METALS & MINING END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                     TABLE 64 INDUSTRIAL VALVES MARKET FOR METALS & MINING END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                     TABLE 65 INDUSTRIAL VALVES MARKET FOR METALS & MINING END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                     TABLE 66 INDUSTRIAL VALVES MARKET FOR METALS & MINING END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
     11.11 AGRICULTURE
             11.11.1 GROWING DEMAND FOR PREDICTIVE MAINTENANCE ENCOURAGING USE OF INDUSTRIAL VALVES IN AGRICULTURE
             11.11.2 MNM VIEWPOINT (IMPACT OF COVID-19)
                     TABLE 67 INDUSTRIAL VALVES MARKET FOR AGRICULTURE END-USER INDUSTRY, BY REGION, 2017–2025 (USD MILLION)
                     TABLE 68 INDUSTRIAL VALVES MARKET FOR AGRICULTURE END-USER INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                     TABLE 69 INDUSTRIAL VALVES MARKET FOR AGRICULTURE END-USER INDUSTRY IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                     TABLE 70 INDUSTRIAL VALVES MARKET FOR AGRICULTURE END-USER INDUSTRY IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                     TABLE 71 INDUSTRIAL VALVES MARKET FOR AGRICULTURE END-USER INDUSTRY IN ROW, BY REGION, 2017–2025 (USD MILLION)
     11.12 OTHERS
           TABLE 72 INDUSTRIAL VALVES MARKET FOR OTHER END-USER INDUSTRIES, BY REGION, 2017–2025 (USD MILLION)
           TABLE 73 INDUSTRIAL VALVES MARKET FOR OTHER END-USER INDUSTRIES IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
           TABLE 74 INDUSTRIAL VALVES MARKET FOR OTHER END-USER INDUSTRIES IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
           TABLE 75 INDUSTRIAL VALVES MARKET FOR OTHER END-USER INDUSTRIES IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
           TABLE 76 INDUSTRIAL VALVES MARKET FOR OTHER END-USER INDUSTRIES IN ROW, BY REGION, 2017–2025 (USD MILLION)

12 GEOGRAPHIC ANALYSIS (Page No. - 142)
     12.1 INTRODUCTION
          FIGURE 52 INDUSTRIAL VALVES MARKET: GEOGRAPHIC SNAPSHOT
          TABLE 77 INDUSTRIAL VALVES MARKET, BY REGION, 2017–2025 (USD BILLION)
          FIGURE 53 APAC TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF INDUSTRIAL VALVES MARKET DURING FORECAST PERIOD
     12.2 NORTH AMERICA
          FIGURE 54 SNAPSHOT OF INDUSTRIAL VALVES MARKET IN NORTH AMERICA
          FIGURE 55 NORTH AMERICA: ANALYSIS OF PRE- AND POST-COVID-19 SCENARIOS
          TABLE 78 INDUSTRIAL VALVES MARKET IN NORTH AMERICA, BY PRE- AND POST-COVID-19 SCENARIO, 2017–2025 (USD BILLION)
             12.2.1 MNM VIEWPOINT (IMPACT OF COVID-19 & OIL PRICE CRISIS)
          TABLE 79 INDUSTRIAL VALVES MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD BILLION)
          TABLE 80 INDUSTRIAL VALVES MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.2.2 US
                        12.2.2.1 Aging water & wastewater infrastructure in US generating demand for industrial valves
                                 TABLE 81 INDUSTRIAL VALVES MARKET IN US, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.2.3 CANADA
                        12.2.3.1 Rising energy demand to augment market growth in coming years
                                 TABLE 82 INDUSTRIAL VALVES MARKET IN CANADA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.2.4 MEXICO
                        12.2.4.1 Booming water & wastewater treatment industry to drive Mexican market growth
                                 TABLE 83 INDUSTRIAL VALVES MARKET IN MEXICO, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
     12.3 EUROPE
          FIGURE 56 SNAPSHOT OF INDUSTRIAL VALVES MARKET IN EUROPE
          FIGURE 57 EUROPE: ANALYSIS OF PRE- AND POST-COVID-19 SCENARIOS
          TABLE 84 INDUSTRIAL VALVES MARKET IN EUROPE, BY PRE- AND POST-COVID-19 SCENARIO, 2017–2025 (USD BILLION)
             12.3.1 MNM VIEWPOINT (IMPACT OF COVID-19 & OIL PRICE CRISIS)
                    TABLE 85 INDUSTRIAL VALVES MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 86 INDUSTRIAL VALVES MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.3.2 UK
                        12.3.2.1 Water industry to propel demand for control valves
                                 TABLE 87 INDUSTRIAL VALVES MARKET IN UK, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.3.3 GERMANY
                        12.3.3.1 Growth prospects of process industries encourage German industrial valves market growth
                                 TABLE 88 INDUSTRIAL VALVES MARKET IN GERMANY, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.3.4 FRANCE
                        12.3.4.1 Energy & power sector to boost French industrial valves market growth
                                 TABLE 89 INDUSTRIAL VALVES MARKET IN FRANCE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.3.5 ITALY
                        12.3.5.1 Italian market to be accelerated by upcoming investments in water & wastewater treatment industry
                                 TABLE 90 INDUSTRIAL VALVES MARKET IN ITALY, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.3.6 REST OF EUROPE
                    TABLE 91 INDUSTRIAL VALVES MARKET IN REST OF EUROPE, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
     12.4 ASIA PACIFIC (APAC)
          FIGURE 58 SNAPSHOT OF INDUSTRIAL VALVES MARKET IN APAC
          FIGURE 59 ASIA PACIFIC: ANALYSIS OF PRE- AND POST-COVID-19 SCENARIOS
          TABLE 92 INDUSTRIAL VALVES MARKET IN APAC, BY PRE- AND POST-COVID-19 SCENARIO, 2017–2025 (USD BILLION)
             12.4.1 MNM VIEWPOINT (IMPACT OF COVID-19 & OIL PRICE CRISIS)
                    TABLE 93 INDUSTRIAL VALVES MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 94 INDUSTRIAL VALVES MARKET IN APAC, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.4.2 CHINA
                        12.4.2.1 Industrial valves market in China to be driven by growing demand from energy & power sector
                                 TABLE 95 INDUSTRIAL VALVES MARKET IN CHINA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.4.3 JAPAN
                        12.4.3.1 Reintegration of nuclear power plants to boost market in country
                                 TABLE 96 INDUSTRIAL VALVES MARKET IN JAPAN, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.4.4 INDIA
                        12.4.4.1 Indian power industry to boost growth of industrial valves market in APAC
                                 TABLE 97 INDUSTRIAL VALVES MARKET IN INDIA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.4.5 SOUTH KOREA
                        12.4.5.1 Rising demand for valves for ultrapure and hygienic applications boost market growth in country
                                 TABLE 98 INDUSTRIAL VALVES MARKET IN SOUTH KOREA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.4.6 REST OF APAC
                    TABLE 99 INDUSTRIAL VALVES MARKET IN REST OF APAC, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
     12.5 REST OF THE WORLD (ROW)
          FIGURE 60 ROW: ANALYSIS OF PRE- AND POST-COVID-19 SCENARIOS
          TABLE 100 INDUSTRIAL VALVES MARKET IN ROW, BY PRE- AND POST-COVID-19 SCENARIO, 2017–2025 (USD BILLION)
             12.5.1 MNM VIEWPOINT (IMPACT OF COVID-19 & OIL PRICE CRISIS)
                    TABLE 101 INDUSTRIAL VALVES MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 102 INDUSTRIAL VALVES MARKET IN ROW, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.5.2 MIDDLE EAST
                        12.5.2.1 COVID-19 pandemic to adversely affect Middle Eastern industrial valves market
                                 TABLE 103 INDUSTRIAL VALVES MARKET IN MIDDLE EAST, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.5.3 SOUTH AMERICA
                        12.5.3.1 Market projected to register slower growth due to pandemic
                                 TABLE 104 INDUSTRIAL VALVES MARKET IN SOUTH AMERICA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
             12.5.4 AFRICA
                        12.5.4.1 COVID-19 pandemic has adversely affected industrial valves market in this region
                                 TABLE 105 INDUSTRIAL VALVES MARKET IN AFRICA, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)

13 COMPETITIVE LANDSCAPE (Page No. - 172)
     13.1 OVERVIEW
          FIGURE 61 COMPANIES IN INDUSTRIAL VALVES MARKET ADOPTED PRODUCT DEVELOPMENTS AND LAUNCHES, EXPANSIONS, ACQUISITIONS, AND AGREEMENTS AS KEY GROWTH STRATEGIES FROM 2018 TO 2020
     13.2 MARKET PLAYER RANKING ANALYSIS
          FIGURE 62 RANKING OF TOP 5 PLAYERS IN INDUSTRIAL VALVE MARKET, 2019
     13.3 COMPETITIVE SCENARIO
             13.3.1 ACQUISITIONS AND AGREEMENTS
                    TABLE 106 KEY ACQUISITIONS AND AGREEMENTS, 2018–2029
             13.3.2 KEY PRODUCT DEVELOPMENTS/LAUNCHES AND EXPANSIONS
                    TABLE 107 KEY PRODUCT DEVELOPMENTS/LAUNCHES AND EXPANSIONS, 2018–2020
     13.4 COMPETITIVE LEADERSHIP MAPPING
             13.4.1 VISIONARY LEADERS
             13.4.2 INNOVATORS
             13.4.3 DYNAMIC DIFFERENTIATORS
             13.4.4 EMERGING COMPANIES
                    FIGURE 63 INDUSTRIAL VALVES MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
     13.5 STRENGTH OF PRODUCT PORTFOLIO
          FIGURE 64 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN INDUSTRIAL VALVES MARKET
     13.6 BUSINESS STRATEGY EXCELLENCE
          FIGURE 65 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN INDUSTRIAL VALVES MARKET

14 COMPANY PROFILES (Page No. - 183)
     14.1 INTRODUCTION
     14.2 KEY PLAYERS
(Business Overview, Products/Solutions/Services Offered, Recent Developments, COVID-19-Related Developments, SWOT Analysis, and MnM View)*
             14.2.1 EMERSON
                    FIGURE 66 EMERSON: COMPANY SNAPSHOT
             14.2.2 CAMERON - SCHLUMBERGER
                    FIGURE 67 SCHLUMBERGER: COMPANY SNAPSHOT
             14.2.3 FLOWSERVE CORPORATION
                    FIGURE 68 FLOWSERVE CORPORATION: COMPANY SNAPSHOT
             14.2.4 IMI PLC
                    FIGURE 69 IMI PLC: COMPANY SNAPSHOT
             14.2.5 METSO CORPORATION (FUTURE NELES CORPORATION)
                    FIGURE 70 METSO CORPORATION: COMPANY SNAPSHOT
             14.2.6 SPIRAX SARCO
                    FIGURE 71 SPIRAX SARCO PLC: COMPANY SNAPSHOT
             14.2.7 CRANE CO.
                    FIGURE 72 CRANE CO.: COMPANY SNAPSHOT
             14.2.8 KITZ CORPORATION
                    FIGURE 73 KITZ CORPORATION: COMPANY SNAPSHOT
             14.2.9 TRILLIUM FLOW TECHNOLOGIES (WEIR FLOW CONTROL)
             14.2.10 BRAY INTERNATIONAL
*Business Overview, Products/Solutions/Services Offered, Recent Developments, COVID-19-Related Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
     14.3 RIGHT TO WIN
     14.4 OTHER IMPORTANT PLAYERS
             14.4.1 NEWAY VALVE CO.
             14.4.2 VELAN INC.
             14.4.3 SAMSON CONTROLS
             14.4.4 AVK HOLDING A/S
             14.4.5 AVCON CONTROLS
             14.4.6 FORBES MARSHALL
             14.4.7 SWAGELOK
             14.4.8 HAM–LET
             14.4.9 DWYER INSTRUMENTS
             14.4.10 APOLLO VALVES

15 APPENDIX (Page No. - 229)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The study has involved four major activities in estimating the size of the industrial valves market. Exhaustive secondary research has been done to collect information on the market, the peer market, and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the total market size. After that, market breakdown and data triangulation methods have been used to estimate the market for segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva have been referred to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard and silver-standard websites, regulatory bodies, trade directories, and databases.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the industrial valves market through secondary research. Several primary interviews have been conducted with key opinion leaders from both the demand-side and supply-side vendors across four major regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. 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

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the industrial valves market. These methods have also been used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size is as follows:

  • Key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • Revenue of various industrial valve manufacturers is considered to arrive at global numbers.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained earlier, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the 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. Along with this, the industrial valves market has been validated using both the top-down and bottom-up approaches.

Report Objectives

  • To describe and forecast the industrial valves market, by function, by material, by type, by size, end-user industry, and geography, in terms of value
  • To describe and forecast the market for various segments with regard to 4 main regions—North America, Asia Pacific (APAC), Europe, Rest of the World (RoW), in terms of value
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges pertaining to the market
  • To study a complete valves value chain and analyze the current and future market trends
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments in the industrial valves market
  • To strategically profile key players, along with detailing the competitive landscape for market leaders
  • To analyze strategic approaches in the market such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

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.
COVID-19

Get in-depth analysis of the COVID-19 impact on the Industrial Valves Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Industrial Valves Market

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Report Code
SE 5302
Published ON
Jul, 2020
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