UK Industrial Valve Market Research Report 2023
UK Industrial Valve Market Size By Type (Ball, Globe, Gate, Butterfly, Plug, Check) Material (Steel, Brass, Bronze, Cast Iron, Plastic) Size (< 1”, 1”–6”, 6”–25”, 25”–50”, > 50”) Application (Oil & Gas, Power, Energy, Chemical, Water & Waste Treatment) Function (On/Off, Control, Isolation, Special Purpose) and Country Market Analysis and Forecast, 2023-2030
UK Industrial Valve Market Synopsis
The UK Industrial Valve Market size was reasonably estimated to be approximately USD 73.2 Billion in 2023 and is poised to generate revenue of over USD 104.10 Billion by the end of 2030, projecting a CAGR of around 4.5% from 2023 to 2030.
- The UK industrial valves market is a key part of various industries including oil and gas, chemical, water and wastewater, power and manufacturing. Valves play an important role in regulating the flow, pressure and direction of liquids and gases in various systems, ensuring the smooth operation of these industries.
- UK demand for industrial valves is driven by a number of factors. First, the country's strong presence in the oil and gas sector requires a constant supply of valves for exploration, production and refining. Second, the emphasis on environmental sustainability has led to increased investment in water purification and wastewater treatment, which has increased the demand for valves in this segment.
- The UK manufacturing sector relies on various process controls and automation valves, which are fuelling the growth of the market. In addition, due to the continuous development of renewable energy sources such as wind and solar energy, there is a growing need for valves in power generation applications.
Top Key Players:
"Spirax-Sarco Engineering PLC (UK), IMI PLC (UK), Weir Group PLC (UK), Rotork PLC (UK), AVK UK Limited (Denmark), Watson Valve Services Ltd (UK), Tyco Valves & Controls UK Ltd (Ireland), KOSO Kent Introl Limited (UK), Pentair Valves & Controls UK Ltd (US), Hobbs Valve (UK), Oliver Valves Ltd (UK), T-T Flow (formerly T-T Pumps) (UK), Flotite Valves & Controls (US), Frese Limited (Denmark), Heaton Valves Africa (UK) Ltd (UK), Oliver Twinsafe Valves Ltd (UK), ARI-Armaturen UK Ltd (Germany), Kitz UK Ltd (Japan), R&M Bearings International Ltd (RMB) (UK), Bifold Fluidpower Ltd (UK) and other major players."
The UK Industrial Valve Market Trend Analysis
Thriving Industrial Sectors Drive Demand
- Booming industries in the UK, including oil & gas, chemical, water & wastewater, power generation, and manufacturing, contribute significantly to the high demand for industrial valves. These sectors rely heavily on valves for critical functions such as fluid control, regulation, and safety.
- In the oil and gas industry, valves are critical to controlling the flow of oil and gas during the extraction, production, and refining process. Also, in the chemical industry, valves play an important role in controlling the flow of various chemicals in complex processes.
- In the water and wastewater industry, valves are used in water treatment plants and sewers to regulate water flow and ensure efficient waste management. Power plants, whether traditional fossil fuel or renewable energy plants, need valves to control steam and cooling systems.
Ageing Infrastructure Drives Replacement Demand
- Demand for UK Industrial Valves market is increasing due to aging infrastructure in various sectors. Over time, older valves deteriorate and can cause inefficiencies and potential safety hazards. As a result, the industry is increasingly realizing the importance of replacing these outdated valves with new technologically advanced options to optimize processes and ensure trouble-free operation.
- The need for more efficient and reliable valve solutions is driving the market significantly. Companies in various industries such as oil and gas, chemical and power generation are actively looking for modern valve technologies that offer better efficiency and environmental sustainability. By upgrading to advanced valves, companies can improve their overall productivity, reduce energy consumption and meet ever-evolving industry standards and regulations.
- British manufacturers are responding to this demand by focusing R&D to produce innovative valve solutions. Smart and networked valve technologies are becoming more common, including smart valves integrated into automation and control systems. These advances enable seamless process control, real-time monitoring and predictive maintenance, making the entire system more efficient and cost-effective.
Segmentation Analysis of The UK Industrial Valve Market
Industrial Valve market segments covers the Type, Material, Size, Application, and Function. By Material, the Steel segment is Anticipated to Dominate the Market Over the Forecast Period.
- The steel materials segment is a critical part of the UK industrial valve market. Steel valves are widely used in various industries due to their exceptional mechanical properties such as strength, durability and corrosion resistance. These valves are particularly preferred in applications where they are exposed to aggressive fluids, high pressures and extreme temperatures.
- In the UK, the demand for steel valves is driven by the country's important position in the oil and gas industry, chemical industry and power generation. These industries depend on steel valves for their durability and reliability in demanding environments.
Country Analysis of The UK Industrial Valve Market
The West Midlands is Expected to Dominate the Market Over the Forecast Period.
- The UK West Midlands industrial valve market is an important and vibrant sector. The West Midlands is a hub for many industries including manufacturing, automotive, aerospace, and chemical, all of which rely on industrial valves for their operations. Because of this, there is a constant demand for a wide range of valves such as check valves, slide valves, ball valves, and butterfly valves.
- The West Midlands also has chemical and petrochemical plants that require robust and reliable valves to safely handle aggressive chemicals and hazardous materials. The country's commitment to infrastructure development and environmental sustainability further increases the demand for valves in water treatment and sewage treatment projects.
- The West Midlands industrial valve market is characterized by a mix of local and international manufacturers offering a diverse range of products and services to the region's dynamic industrial landscape. As industries in the West Midlands develop and expand, demand for industrial valves is expected to grow, making them an important and thriving market for the wider UK industrial valve industry.
COVID-19 Impact Analysis on the Industrial Valve Market
- The COVID-19 pandemic has had several negative effects on the UK industrial valve market. First, the pandemic has disrupted supply chains, causing delays in supplying raw materials and components from both domestic and international sources. This affected the production capacity of valve manufacturers, causing possible shortages and higher production costs.
- Second, the pandemic has caused a slowdown in several industries, including oil and gas, manufacturing and power generation, which are the main consumers of industrial valves. Reduced production and project delays led to reduced demand for valves, which affected sales and turnover of valve manufacturers and suppliers.
- Third, strict lockdown measures and travel restrictions prevented on-site valve installation and maintenance services. This affected the completion of projects and resulted in a loss of revenue for service-oriented valve companies.
- The uncertainty and economic instability caused by the pandemic caused many companies to delay or cancel investments in new infrastructure and industrial projects, which further affected the demand for industrial valves.
Top Key Players Covered in The UK Industrial Valve Market
- Spirax-Sarco Engineering PLC (UK)
- IMI PLC (UK)
- Weir Group PLC (UK)
- Rotork PLC (UK)
- AVK UK Limited (Denmark)
- Watson Valve Services Ltd (UK)
- Tyco Valves & Controls UK Ltd (Ireland)
- KOSO Kent Introl Limited (UK)
- Pentair Valves & Controls UK Ltd (US)
- Hobbs Valve (UK)
- Oliver Valves Ltd (UK)
- T-T Flow (formerly T-T Pumps) (UK)
- Flotite Valves & Controls (US)
- Frese Limited (Denmark)
- Heaton Valves Africa (UK) Ltd (UK)
- Oliver Twinsafe Valves Ltd (UK)
- ARI-Armaturen UK Ltd (Germany)
- Kitz UK Ltd (Japan)
- R&M Bearings International Ltd (RMB) (UK)
- Bifold Fluidpower Ltd (UK)
Key Industry Developments in the UK Industrial Valve Market
In June 2023, Spirax-Sarco Engineering plc, in association with Fluid Technology Solutions Group, has announced its intention to acquire a significant investment in Kyoto Group (Kyoto). The collaborative project aims to accelerate the removal of heat from coal for industrial processes using Kyoto's innovative Heatcube, a state-of-the-art thermal energy storage solution for molten salt.
In November 2022, IMI plc, the specialist engineering group, successfully completed the acquisition of Heatmiser, as previously announced.
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UK Industrial Valve Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
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Historical Data: |
2016 to 2021 |
Market Size in 2022: |
USD 73.2 Bn. |
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Forecast Period 2023-30 CAGR: |
4.5% |
Market Size in 2030: |
USD 104.10 Bn. |
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Segments Covered: |
By Type |
Ball Globe Gate Butterfly Plug Check |
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By Material |
Steel Brass Bronze Cast Iron Plastic |
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By Size |
< 1” 1”–6” 6”–25” 25”–50” > 50” |
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By Application |
Oil & Gas Power Energy Chemical Water & Waste Treatment |
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By Function |
On/Off Control Isolation Special Purpose |
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UK Industrial Valve Market |
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Base Year: |
2022 |
Forecast Period: |
2023-2030 |
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Historical Data: |
2016 to 2021 |
Market Size in 2022: |
USD 73.2 Bn. |
|
Forecast Period 2023-30 CAGR: |
4.5% |
Market Size in 2030: |
USD 104.10 Bn. |
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Segments Covered: |
By Type |
Ball Globe Gate Butterfly Plug Check |
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By Material |
Steel Brass Bronze Cast Iron Plastic |
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By Size |
< 1” 1”–6” 6”–25” 25”–50” > 50” |
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By Application |
Oil & Gas Power Energy Chemical Water & Waste Treatment |
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By Function |
On/Off Control Isolation Special Purpose |
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Key Market Drivers: |
Thriving Industrial Sectors Drive Demand |
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Key Market Restraints: |
International Valve Manufacturers Pressure Locals |
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Key Opportunities: |
Ageing Infrastructure Drives Replacement Demand |
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Companies Covered in the Report: |
Spirax-Sarco Engineering PLC (UK), IMI PLC (UK), Weir Group PLC (UK), Rotork PLC (UK), AVK UK Limited (Denmark) and Other Major Players. |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Material
3.3 By Size
3.4 By Application
3.5 By Function
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5
Frequently Asked Questions
What would be the forecast period in the Industrial Valve Market research report?
The forecast period in the Industrial Valve Market research report is 2023-2030.
Who are the key players in Industrial Valve Market?
Spirax-Sarco Engineering PLC (UK), IMI PLC (UK), Weir Group PLC (UK), Rotork PLC (UK), AVK UK Limited (Denmark), Watson Valve Services Ltd (UK), Tyco Valves & Controls UK Ltd (Ireland), KOSO Kent Introl Limited (UK), Pentair Valves & Controls UK Ltd (US), Hobbs Valve (UK), Oliver Valves Ltd (UK), T-T Flow (formerly T-T Pumps) (UK), Flotite Valves & Controls (US), Frese Limited (Denmark), Heaton Valves Africa (UK) Ltd (UK), Oliver Twinsafe Valves Ltd (UK), ARI-Armaturen UK Ltd (Germany), Kitz UK Ltd (Japan), R&M Bearings International Ltd (RMB) (UK), Bifold Fluidpower Ltd (UK) and Other Major Players.
What are the segments of the Industrial Valve Market?
The Industrial Valve Market is segmented into Type, Material, Size, Application, and Function. By Type, the market is categorized into Ball, Globe, Gate, Butterfly, Plug, and Check. By Material, the market is categorized into Steel, Brass, Bronze, Cast Iron, and Plastic. By Size, the market is categorized into < 1”, 1”–6”, 6”–25”, 25”–50”, and> 50”. By Application, the market is categorized into Oil & Gas, Power, Energy, Chemical, Water & Waste Treatment. By Function, the market is categorized into On/Off, Control, Isolation, and Special Purpose.
What is the Industrial Valve Market?
The UK industrial valves market is a key part of various industries including oil and gas, chemical, water and wastewater, power and manufacturing. Valves play an important role in regulating the flow, pressure and direction of liquids and gases in various systems, ensuring the smooth operation of these industries.
How big is the Industrial Valve Market?
The Industrial Valve is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.
