Market Overview:

The US Industrial Valve Market size was reasonably estimated to be approximately USD 22.87 Billion in 2022 and is poised to generate revenue over USD 35.63 Billion by the end of 2030, projecting a CAGR of around 5.7 % from 2023 to 2030.

The industrial valve market is a critical component of various sectors, including oil and gas, water and wastewater, power generation, chemicals, and pharmaceuticals. In 2022, the market witnessed steady growth driven by increasing investments in infrastructure development and expanding industrial activities worldwide. Factors such as stringent government regulations regarding industrial safety and environmental protection have augmented the demand for high-performance valves with advanced features like remote monitoring and control capabilities. Additionally, the rise in energy consumption and the exploration of new oil and gas fields have contributed to the market's expansion. Geographically, North America and Europe witnessed significant growth, driven by technological advancements and the replacement of aging infrastructure. Furthermore, industry players focused on innovation, product development, and strategic collaborations to gain a competitive edge. With increasing emphasis on energy efficiency and sustainability, there is a growing trend towards the adoption of smart valves and valve automation systems, which is expected to continue shaping the market in the coming years.

 Top Key Players Covered in The US Industrial Valve Market:

• • Emerson Electric Co. (US)
  • Flowserve Corporation (US)
  • Crane Co. (US)
  • Schlumberger (US)
  • Valvitalia Group (Italy)
  • IMI plc (United Kingdom)
  • Curtiss-Wright Corporation (US)
  • KITZ Corporation (Japan)
  • Velan Inc. (Canada)
  • Mueller Water Products Inc. (US), and Other Major Players

 Market Dynamics and Factors:          

The Industrial Valve market is driven by several factors including increasing industrialization, particularly in emerging economies, which boosts demand for valves across various applications such as oil and gas, water and wastewater treatment, power generation, and chemical processing. Additionally, stringent government regulations regarding safety and environmental protection drive the adoption of industrial valves with advanced features like leak detection and prevention systems. Technological advancements such as the Internet of Things (IoT) integration and smart valve solutions also propel market growth by enhancing efficiency and reducing maintenance costs. However, the market faces certain restraints such as fluctuations in raw material prices, which impact manufacturing costs and ultimately affect pricing strategies of valve manufacturers. Economic downturns and geopolitical uncertainties can also hinder market growth by delaying or cancelling industrial projects, consequently reducing demand for valves.

 The US Industrial Valve Market Report Highlight:

• • By Type, The ball valve segment of the US Industrial Valve market refers to the US market for ball valves used in various industrial applications. Ball valves are quarter-turn valves that use a hollow, perforated, rotating ball to control fluid flow. They offer excellent quenching properties, and low maintenance requirements and are suitable for a wide range of applications, making them popular in industries such as oil and gas, water and wastewater treatment, chemical processing, and more.
  • By Material, Steel segments dominate the industrial valve market due to their durability, corrosion resistance, and versatility across various applications. Steel valves offer a high strength-to-weight ratio, withstand extreme temperatures and pressures, and require minimal maintenance.
  • By Country, The US Industrial Valve market in California is an important part of the broader valve market in the United States. One of the nation's most populous and economically influential states, California has a diverse industrial landscape that includes industries such as oil and gas, water treatment, aerospace, electronics, and more. As a result, the demand for US Industrial Valves in California is driven by a wide variety of applications, including fluid control and regulation in various processes.

 Key Industry Development:

In July 2023, Emerson introduced the ASCO™ Series 588 Stationary Oxygen Concentrator, the healthcare industry's first complete multiple solution. The purpose of this product is to improve the design of respiratory therapy devices, accelerate product development, and ensure reliable and efficient oxygen delivery to patients. The pipeline simplifies device design and assembly and improves the energy efficiency, longevity, and reliability of oxygen concentrators.

In February 2023, Flowserve Corporation and Clariter recently partnered to improve the production of environmentally friendly petrochemicals from Clariter's waste plastics.

The US Industrial Valve Market Segmentation:

By Type

• • Ball
  • Globe
  • Gate
  • Butterfly
  • Plug
  • Check

By Material

• • Steel
  • Brass
  • Bronze
  • Cast Iron
  • Plastic

 By Size

• • < 1”
  • 1”–6”
  • 6”–25”
  • 25”–50”
  • 50”

 By Application

• • Oil & Gas
  • Power
  • Energy
  • Chemical
  • Water & Waste Treatment

By Function

• • On/Off
  • Control
  • Isolation
  • Special Purpose

For this report, AkVis Intelligence has segmented the US Industrial Valve Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

 North America

• • The U.S.
  • Canada
  • Mexico

Eastern Europe

• • Russia
  • Bulgaria
  • The Czech Republic
  • Hungary
  • Poland
  • Romania
  • Rest of Eastern Europe

Western Europe

• • Germany
  • UK
  • France
  • Netherlands
  • Italy
  • Spain
  • Rest of Western Europe

Asia Pacific

• • China
  • India
  • Japan
  • Singapore
  • Australia
  • New-Zealand
  • Rest of APAC

Middle East & Africa

• • Turkey
  • Saudi Arabia
  • Qatar
  • UAE
  • Israel
  • South Africa

South America

• • Brazil
  • Argentina
  • Rest of SA