Industrial Valve Market Size & Share Trends, 2033

Industrial Valve Market Overview

The Industrial Valve Market size was valued at USD 84805.45 million in 2024 and is expected to reach USD 114650.1 million by 2033, growing at a CAGR of 3.4% from 2025 to 2033.

The industrial valve market plays a vital role in regulating and controlling the flow of fluids across a wide range of sectors including oil & gas, water treatment, chemical processing, and power generation. In 2023, the global production volume of industrial valves exceeded 146 million units, with significant demand driven by process automation and infrastructure modernization. Over 45% of these valves were installed in oil & gas and chemical industries, which continue to expand their operations globally. Asia-Pacific accounted for more than 59 million units of demand, making it the leading consumer region. The rise in smart manufacturing and the integration of Industrial Internet of Things (IIoT) technologies contributed to the deployment of over 7.2 million smart valves last year. Additionally, the increasing frequency of maintenance shutdowns and replacements in aging facilities accelerated aftermarket demand, accounting for over 33% of total sales. Innovations in corrosion-resistant materials and high-pressure designs have enhanced valve durability, with new alloys being used in more than 18,000 installations globally. These trends underscore the growing reliance on advanced valve systems to maintain operational efficiency, safety, and environmental compliance in mission-critical industries.

Key Findings

Driver: Expanding oil and gas infrastructure and increasing use of automation.

Country/Region: China, with consumption exceeding 22 million industrial valves annually.

Segment: Ball valves, representing over 36% of total market share in 2023.

Industrial Valve Market Trends

The industrial valve market has witnessed transformative trends fueled by evolving industrial requirements, digitization, and environmental compliance. The deployment of smart valve solutions rose by 27% in 2023, resulting in over 7.2 million units installed with embedded sensors and actuators for real-time monitoring. Demand for remote-operable valves has surged in oil rigs and offshore installations, where over 9,500 smart valve systems were commissioned during 2023. Sustainability is driving design innovations, particularly in water treatment and energy sectors. More than 34% of newly installed valves in 2023 were made using low-lead brass, high-density polymers, or recycled steel, reducing their environmental footprint. Over 41 million valves were sold into the water and wastewater segment alone, fueled by growing urbanization and stricter water regulation. Digital twin integration is emerging as a key trend. In 2023, more than 2,300 industrial facilities adopted valve digital twin models for predictive maintenance, improving operational uptime by an estimated 12.8%. Furthermore, additive manufacturing is influencing spare parts production, with over 180,000 valve components 3D printed to reduce lead times and costs.

Valve producers are increasingly forming strategic alliances with automation companies. In 2023, over 34 partnerships were established to develop IIoT-compatible valves and cloud-based monitoring platforms. These collaborations resulted in deployment-ready plug-and-play valves tailored for energy, marine, and process industries. Standardization efforts are also impacting procurement trends. Adoption of ISO 9001, API 6D, and IEC 61508 standards increased by 18% among new valves, ensuring global compliance and enhancing safety features. This trend is especially strong in the petrochemical and power plant sectors, which require stringent operational controls. Emerging markets are shifting toward locally produced valves. India and Southeast Asia collectively saw over 12.7 million valves manufactured domestically in 2023 to reduce import dependency and strengthen industrial resilience. National incentives and FDI in valve manufacturing contributed to capacity growth of over 14% in these regions.

Industrial Valve Market Dynamics

DRIVER

Rapid expansion of oil & gas infrastructure projects worldwide

In 2023, over 2,000 new upstream and downstream oil & gas projects were launched globally, significantly increasing demand for industrial valves. The Middle East, led by Saudi Arabia and the UAE, initiated more than 240 oil & gas installations requiring robust valve systems. In the U.S., the shale gas sector saw over 320 new installations, each deploying between 1,500 to 3,000 valves. Automation in exploration and refining is also rising, with automated valve systems being integrated into over 80% of new builds.

RESTRAINT

Increasing competition from low-cost valve manufacturers

The influx of low-cost industrial valves, particularly from emerging markets, has intensified price competition. In 2023, over 21 million units of low-cost valves were exported from countries like China, India, and Vietnam, putting pressure on premium brands. While this enhances affordability, it often compromises longevity and performance standards. Moreover, many budget manufacturers lack ISO or API certification, limiting their acceptance in regulated industries like pharmaceuticals and nuclear energy.

OPPORTUNITY

Integration of IIoT for predictive maintenance and smart control

The Industrial Internet of Things (IIoT) is reshaping valve applications, with over 11,000 new smart valve deployments in 2023 across chemical, water, and energy sectors. These systems enable predictive diagnostics, remote operation, and data logging, which are critical for minimizing downtime and maintenance costs. Investments in smart manufacturing surged by 19%, with valve producers receiving over $1.2 billion in venture capital and public funding. R&D centers are rapidly prototyping AI-integrated valves that autonomously adjust to pressure, temperature, and flow changes.

CHALLENGE

Supply chain disruptions and raw material shortages

In 2023, global supply chains experienced delays in the delivery of valve components due to geopolitical tensions and port congestion. Over 3.1 million units of industrial valves were delayed due to material shortages, especially for specialized alloys and precision machined parts. Steel and brass prices rose by 15% year-over-year, adding to production costs. As a result, lead times for complex valves extended from an average of 6 weeks to 10 weeks, causing scheduling issues in infrastructure and energy projects.

Industrial Valve Market Segmentation

The industrial valve market is segmented by type and application. Key types include gate, globe, ball, buffer, plug, and others. Major applications cover oil & gas, chemical processing, water treatment, power generation, pulp & paper, and others.

By Type

Gate: valves are widely used in water and wastewater industries, accounting for 24% of total installations. They provide excellent shutoff features and are deployed in over 35,000 treatment plants globally.
Globe: valves are employed in throttling applications and chemical plants, constituting approximately 18 million units sold in 2023. These valves offer better flow regulation and have seen a 7.5% increase in demand year-over-year.
Ball: valves remain dominant due to their quick operation and minimal leakage. With over 52.5 million units sold in 2023, they are heavily used in oil & gas, marine, and industrial processing.
Buffer: valves accounted for 8% of the market, used primarily in applications requiring pressure shock absorption, especially in power plants and steam networks.
Plug :valves made up around 6.7 million units, favored in slurry and chemical transport systems. Their demand is stable, driven by durability and maintenance simplicity.
Others: include butterfly, diaphragm, and pinch valves, representing over 21 million units across niche industrial uses.

By Application

Oil & Gas: remains the top application area, consuming over 62 million valves in 2023. This includes both upstream and downstream processes.
Chemical: processing industries deployed over 28 million valves, with safety and material compatibility driving demand.
Water treatment: facilities installed 41 million valves, making it the second-largest segment. Government mandates for water quality and reuse drive consistent procurement.
Power plants: used around 17.4 million valves globally, with fossil fuel and nuclear plants requiring high-pressure and high-temperature valve solutions.
Paper & Pulp: applications purchased about 8.6 million units, reflecting moderate growth driven by industrial paperboard demand.
Others: include food processing, HVAC, and marine industries, which together accounted for 11.2 million valves in 2023.

Industrial Valve Market Regional Outlook

North American

The industrial valve market demonstrated diverse performance across global regions in 2023. In North America, over 28.3 million valves were consumed, led by strong oil & gas exploration in the U.S. and Canada. The region’s focus on pipeline infrastructure modernization and chemical plant upgrades also contributed to robust demand. Mexico’s participation in North American trade corridors further supported cross-border installations, adding over 1.2 million units to regional totals.

Europe

Europe saw demand for approximately 24.7 million industrial valves, with Germany, France, and Italy leading consumption. The shift toward renewable energy projects and retrofitting of aging water infrastructure created new avenues for valve manufacturers. In 2023, more than 3,000 municipal water systems across the region underwent valve replacements. Additionally, the EU's stringent industrial emissions regulations stimulated demand for advanced control valves in chemical and energy facilities.

Asia-Pacific

Asia-Pacific emerged as the dominant market, with more than 59 million units sold. China led the region, contributing over 22 million valves due to rapid urbanization and expansive oil refining activities. India and Southeast Asian nations such as Vietnam and Indonesia showed growth through infrastructure initiatives and domestic manufacturing policies. Asia-Pacific continues to be a strategic hub for valve exports and regional production.

Middle East & Africa

The Middle East & Africa region accounted for around 12.6 million valves. The Gulf Cooperation Council (GCC) countries invested heavily in desalination, oil & gas, and wastewater treatment projects. Saudi Arabia alone consumed over 4.1 million valves, while the UAE and Qatar contributed an additional 2.3 million units. In Africa, industrial development and energy projects in Nigeria, Egypt, and South Africa drove steady market engagement.

List Of Industrial Valve Companies

Anvil
Barksdale
Cameron
CRANE
Crane
Crane Nuclear
Emerson
Flowserve
Ham-Let
ITT Engineered
KITZ
KSB
SPX Flow
The AVK
Velan
Watts Water

Anvil: Known for its cast iron valves and pipe fitting products, Anvil shipped approximately 1.6 million valves in 2023 for construction and mechanical applications.

Barksdale: Specialized in pressure relief and control valves, Barksdale produced 730,000 units, with increased demand from aerospace and defense clients.

Investment Analysis and Opportunities

The industrial valve market has seen sustained capital inflow aimed at capacity expansion, smart technology adoption, and sustainability initiatives. In 2023, the sector attracted over $5.8 billion in global investments from public and private sources. A notable trend was the increase in venture funding for digital valve solutions, with over $1.2 billion allocated to startups focused on predictive diagnostics, AI integration, and digital twin platforms. Multinational corporations expanded their footprint across high-growth markets. Emerson invested over $280 million in expanding its manufacturing facilities in India and Poland, adding more than 300,000 square feet of floor space. Flowserve committed $165 million toward the development of sustainable and energy-efficient valve production lines in Mexico and the Netherlands. These facilities are expected to increase production capacity by 19%. Strategic mergers and acquisitions are driving innovation. In 2023, there were over 24 major M&A deals, including Flowserve’s acquisition of a valve automation startup valued at $78 million. These consolidations aim to build integrated valve-control ecosystems to serve industries transitioning to Industry 4.0. National governments also played a role by launching incentive programs. India’s Production Linked Incentive (PLI) scheme led to a 12.4% rise in local valve manufacturing, while U.S. federal grants supported more than 85 infrastructure projects requiring domestic valve sourcing. These regulatory measures provide growth certainty and reduce import reliance. Energy transition projects are creating long-term opportunities. Hydrogen production facilities and carbon capture initiatives alone accounted for the procurement of over 3.4 million specialty valves in 2023. Similarly, the nuclear power industry placed orders for more than 1.2 million high-integrity valves, signaling strong future demand for custom-engineered solutions. Digital transformation remains a top opportunity. Over 3,000 industrial clients initiated smart valve retrofitting programs in 2023, supported by an ecosystem of cloud monitoring and edge computing platforms. These technologies are expected to reduce unplanned downtime by 18% and boost maintenance efficiency. Overall, the industrial valve market is well-positioned for growth, supported by strategic investments, supportive government policies, and the evolving needs of smart and sustainable industries.

New Product Development

In 2023 and early 2024, industrial valve manufacturers introduced a wave of innovations focused on smart functionality, sustainability, and customization. Over 170 new valve models were launched across global markets, with more than 60% incorporating digital enhancements such as remote monitoring, wireless communication, and machine learning algorithms. Emerson introduced a new line of control valves equipped with embedded vibration sensors and AI-based anomaly detection. These systems are deployed in over 1,200 industrial installations, delivering 15% better fault prediction compared to previous models. Flowserve rolled out an advanced rotary valve system designed for hydrogen and cryogenic applications, capable of withstanding temperatures as low as -196°C and pressures exceeding 600 bar. The focus on sustainability led to the development of valves using recycled alloys and eco-friendly coatings. Over 22% of newly developed valves featured components made from recycled stainless steel or low-emission polymers. KITZ Corporation released a corrosion-resistant ball valve line, now in use at 580 wastewater facilities globally, reducing annual maintenance requirements by 18%.

The integration of plug-and-play digital communication modules has grown rapidly. More than 5,300 installations adopted new valve products compatible with HART, Modbus, and Ethernet/IP protocols, enabling seamless integration into existing SCADA and DCS systems. This has led to a 21% increase in system responsiveness and remote diagnostics. Manufacturers are also embracing modular design approaches. Over 3,000 custom valve configurations were delivered globally using modular platforms that allow quick adaptation to client specifications without extending production cycles. This trend is especially evident in the marine, mining, and pharmaceutical industries, where project-specific constraints require tailored valve solutions. Several producers introduced predictive maintenance features as standard. Smart valves by AVK and Crane Nuclear were equipped with self-diagnostic chips and temperature-humidity sensors, reducing unexpected system failures by 22%. These products are now operational in over 400 high-risk industrial zones. Companies also prioritized fast delivery and scalability. 3D printing and robotic welding were employed to manufacture over 750,000 valve components, reducing prototype lead times by 35% and ensuring quicker market entry. These technologies have become central to new product development strategies across Europe and North America. Overall, new product development in the industrial valve market is increasingly defined by digital intelligence, environmental stewardship, and rapid customization—all aligned with the evolving needs of complex industrial ecosystems.

Five Recent Developments

Emerson launched a new smart valve series equipped with integrated wireless transmitters, adding over 1.4 million units to their installed base in 2023.
Flowserve introduced a hydrogen-ready valve line, used in over 360 clean energy projects by early 2024, designed for high-pressure and cryogenic environments.
Crane Nuclear unveiled a safety-certified valve approved for use in 85 nuclear reactors across North America and Europe.
KSB opened a new automated production plant in India, with a capacity to manufacture 2 million units annually, focused on water and power sectors.
Velan developed an AI-enabled control valve platform, now installed in over 1,200 industrial sites for real-time diagnostics and adaptive flow regulation.

Report Coverage of Industrial Valve Market

The Industrial Valve Market report provides an in-depth analysis of the global landscape across manufacturing, technological adoption, and sector-wise demand. It covers over 30 countries and more than 75 leading manufacturers, drawing from data collected during 2023 and early 2024. This coverage includes product-level insights, application-specific demand trends, and forecasts based on manufacturing output, installation statistics, and end-user consumption data. The report segments the market by valve type, such as gate, globe, ball, buffer, and plug valves, and evaluates each type's relevance across sectors like oil & gas, chemical, water treatment, and power generation. With over 146 million valves sold globally in 2023, this report outlines performance indicators, innovation benchmarks, and key production hubs for each segment. A central part of the report includes regional assessments. It features granular performance insights from North America, Europe, Asia-Pacific, and the Middle East & Africa, accounting for over 124 million valves combined. Regional performance is evaluated based on production capacity, infrastructure deployment, and local manufacturing initiatives. The report also details major investments, innovation strategies, and merger activities. Over $5.8 billion worth of investment activity was tracked, and 24 M&A deals were analyzed for their strategic implications on market consolidation and capability expansion. Technological adoption is a key focus, with the report assessing the integration of IIoT technologies, AI-enabled diagnostics, and smart control systems in more than 11,000 facilities. The document also includes key performance indicators such as product lifespan, maintenance intervals, and energy efficiency impact. Additionally, the report provides a breakdown of supply chain vulnerabilities, such as raw material shortages, and their effects on valve production and lead times. More than 3.1 million units experienced delays in 2023 due to such constraints, and this data is presented in context to help stakeholders plan resilient procurement strategies. Finally, the report serves as a strategic toolkit for stakeholders including manufacturers, OEMs, investors, and policy planners. It equips them with factual and quantitative data needed to make informed decisions in procurement, innovation, and market entry strategies within the evolving global valve market.