Summary

The global Industrial Valve market was valued at USD 95.58 billion in 2024 and is projected to reach USD 121.67 billion by 2029; it is expected to register a CAGR of 4.9% during the forecast period. The rising demand for valves from the healthcare and pharmaceutical industries, the establishment of smart cities globally, the rapid deployment of connected networks to monitor valve conditions and predict system failure, and the increasing need to establish new power plants and revamp existing ones are the key driving factors for the industrial valves market.

"Control valve segment is expected to grow at the highest CAGR during the forecast period."
The industry is moving toward adopting automated valves and sophisticated monitoring technologies coordinated through a central control station. Control valves can be linked to an extended data network, enabling them to easily monitor an industrial plant's flow rates and operating conditions. For instance, in an oil & gas plant, connecting valves on a network allows distributed control, which enables operators to reconfigure piping and networking systems in the case of a blockage or damage to the pipeline network and ensures a safer working environment without stopping the production process.

"Energy & power segment is likely to hold the second largest market in 2024."
The energy & Power segment is expected to hold the second-largest share of the Industrial Valve market in 2024. The energy & power industry is witnessing a strong need to develop infrastructure to meet the growing energy demand. This trend allows manufacturers to design and develop their products adhering to industry requirements and standards. Valves, specifically with digital capabilities, are in demand for safety applications and critical operations.








"The North America segment to Hold second Largest market share in 2023"
The market in North America is to hold the second-largest market share in 2023. Key factor driving the North American market include increased R&D on actuators utilized in valves for automation and the increasing need for safety standards in industrial plants. R&D at the industry level is broadening the scope of industrial valve applications into the different industries, namely energy & power and chemical, within the US. Industrial valves are used as components in oil & gas, energy & power, and water & wastewater treatment industries to regulate the flow of the media through a system, to start and stop the flow, or to throttle it, ensuring safe and efficient process automation.

Breakdown of primaries
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

• By Company Type - Tier 1 – 40%, Tier 2 – 35%, Tier 3 – 25%
• By Designation— C-level Executives - 45%, Directors - 35%, Others - 20%
• By Region—North America - 30%, Europe - 25%, Asia Pacific - 40%, RoW - 5%

The Industrial Valve market is dominated by a few globally established players such as Emerson Electric Co. (US), SLB (US), Flowserve Corporation (US), IMI (UK), Valmet (Finland), Spirax Sarco Limited (UK), Crane Company (US), Kitz Corporation (Japan), KSB SE & CO. KGAA (Germany), Alfa Laval (Sweden), Curtiss-Wright Corporation (US), Parker Hannifin Corporation (US), Bray International (US), Baker Hughes Company (US), IDEX Corporation (US). The study includes an in-depth competitive analysis of these key players in the Industrial Valve market and their company profiles, recent developments, and key market strategies.

Research Coverage:
The report segments the Industrial Valve market and forecasts by valve type, Component, Material, Function, fluid Type, Size, pressure range, industry, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed market view across four main regions—North America, Europe, Asia Pacific, and RoW. A supply chain analysis has been included in the report, along with the key players and their competitive analysis of the Industrial Valve ecosystem.

Key Benefits to Buy the Report:
• Analysis of key drivers (Rising demand for valves from healthcare and pharmaceutical industries, Increasing need to establish new power plants and revamp existing ones, Rapid deployment of connected networks to monitor valve conditions and predict system failure, and Shifting focus of process industries toward adoption of automation solutions). Restraint (High capital investment and low-profit margin due to varying valve standards across regions, Customer dissatisfaction owing to higher lead time and late order delivery ), Opportunity (Integration of industrial valves with IIoT and Industry 4.0, Rising demand for AI-integrated valves for intelligent water supply, and Increasing adoption of smart valves as replacement for outdated valves ), Challenges (Focus of valve manufacturers on acquisitions affecting profit margins and cash flow, Fierce competition owing to reduced product differentiation).
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the Industrial Valve market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the Industrial Valve market across varied regions.
• Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the Industrial Valve market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Emerson Electric Co. (US), SLB (US), Flowserve Corporation (US), IMI (UK), Valmet (Finland), Spirax Sarco Limited (UK), Crane Company (US), Kitz Corporation (Japan), KSB SE & CO. KGAA (Germany), Alfa Laval (Sweden), Curtiss-Wright Corporation (US), Parker Hannifin Corporation (US), Bray International (US), Baker Hughes Company (US), IDEX Corporation (US) among others in the Industrial Valve market

ページTOPに戻る

Table of Contents

1 INTRODUCTION 33 1.1 STUDY OBJECTIVES 33 1.2 MARKET DEFINITION 33 1.3 STUDY SCOPE 34 1.3.1 SEGMENTS CONSIDERED 34 1.3.2 INCLUSIONS AND EXCLUSIONS 35 1.3.3 YEARS CONSIDERED 36 1.3.4 CURRENCY CONSIDERED 36 1.3.5 UNIT CONSIDERED 36 1.4 MARKET STAKEHOLDERS 36 1.5 SUMMARY OF CHANGES 37 2 RESEARCH METHODOLOGY 38 2.1 INTRODUCTION 38 2.1.1 SECONDARY DATA 40 2.1.1.1 List of major secondary sources 40 2.1.1.2 Key data from secondary sources 40 2.1.2 PRIMARY DATA 40 2.1.2.1 Breakdown of primaries 41 2.1.2.2 Key data from primary sources 41 2.1.3 SECONDARY AND PRIMARY RESEARCH 42 2.1.3.1 Key industry insights 43 2.2 MARKET SIZE ESTIMATION 43 2.2.1 BOTTOM-UP APPROACH 44 2.2.1.1 Approach for arriving at market size using bottom-up approach 44 2.2.2 TOP-DOWN APPROACH 45 2.2.2.1 Approach for arriving at market size using top-down approach 45 2.3 DATA TRIANGULATION 46 2.4 STUDY ASSUMPTIONS 47 2.5 RESEARCH LIMITATIONS 47 2.6 RISK ASSESSMENT 48 3 EXECUTIVE SUMMARY 49 4 PREMIUM INSIGHTS 54 4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL VALVES MARKET 54 4.2 INDUSTRIAL VALVES MARKET, BY LINEAR VALVE, 2024 VS. 2029 (USD MILLION) 55 4.3 INDUSTRIAL VALVES MARKET, BY FLUID TYPE, 2024 VS. 2029 (USD MILLION) 55 4.4 INDUSTRIAL VALVES MARKET, BY PRESSURE RANGE, 2024 VS. 2029 (USD MILLION) 56 4.5 INDUSTRIAL VALVES MARKET, BY MATERIAL, 2024 VS. 2029 (USD MILLION) 56 4.6 INDUSTRIAL VALVES MARKET, BY END-USE INDUSTRY, 2024 VS. 2029 (USD MILLION) 57 4.7 INDUSTRIAL VALVES MARKET, BY COUNTRY, 2024 VS. 2029 58 4.8 INDUSTRIAL VALVES MARKET, BY REGION, 2024 VS. 2029 (USD MILLION) 58 5 MARKET OVERVIEW 59 5.1 INTRODUCTION 59 5.2 MARKET DYNAMICS 59 5.2.1 DRIVERS 60 5.2.1.1 Rising demand from healthcare and pharmaceutical industries 60 5.2.1.2 Increasing need to establish new power plants and revamp existing ones 60 5.2.1.3 Growing use of connected networks and smart industrial valves 61 5.2.1.4 Inclusion of automation solutions in process industries 61 5.2.1.5 Establishment of smart cities 62 5.2.2 RESTRAINTS 63 5.2.2.1 High capital investments and low profit margins 63 5.2.2.2 Customer dissatisfaction due to longer lead time and late order delivery 64 5.2.3 OPPORTUNITIES 64 5.2.3.1 Integration of industrial valves with IIoT and Industry 4.0 64 5.2.3.2 Rising demand for AI-integrated valves for intelligent water supply 65 5.2.3.3 Use of 3D printing technique in industrial valves 66 5.2.3.4 Increasing number of refineries and petrochemical and chemical plants 66 5.2.3.5 Shifting focus of valve manufacturers toward better maintenance and aftermarket services 67 5.2.3.6 Increasing adoption of smart valves as replacement for outdated valves 67 5.2.4 CHALLENGES 69 5.2.4.1 Reduction in competitive rivalry and disruptions in market hierarchy 69 5.2.4.2 Fierce market competition and influence of local valve manufacturers 69 5.2.4.3 Unplanned plant downtime due to valve malfunctioning 69 5.2.4.4 High cost of valve manufacturing 70 5.3 VALUE CHAIN ANALYSIS 71 5.4 ECOSYSTEM ANALYSIS 72 5.5 INVESTMENT AND FUNDING SCENARIO 75 5.6 PRICING ANALYSIS 75 5.6.1 COMPANY-WISE INDICATIVE SELLING PRICE OF INDUSTRIAL VALVES, BY VALVE TYPE 75 5.6.2 AVERAGE SELLING PRICE OF INDUSTRIAL VALVES, 2020–2023 76 5.6.3 AVERAGE SELLING PRICE OF INDUSTRIAL VALVES OFFERED BY KEY PLAYERS, BY TYPE 77 5.6.4 INDICATIVE PRICE TREND OF INDUSTRIAL VALVES, BY REGION 78 5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 79 5.8 TECHNOLOGY ANALYSIS 79 5.8.1 KEY TECHNOLOGIES 79 5.8.1.1 Industrial internet of things (IIoT) 79 5.8.2 ADJACENT TECHNOLOGIES 80 5.8.2.1 Digitalization and artificial intelligence 80 5.8.3 COMPLEMENTARY TECHNOLOGIES 81 5.8.3.1 Valve condition monitoring 81 5.9 PORTER’S FIVE FORCES ANALYSIS 81 5.9.1 BARGAINING POWER OF SUPPLIERS 82 5.9.2 BARGAINING POWER OF BUYERS 82 5.9.3 THREAT OF NEW ENTRANTS 82 5.9.4 THREAT OF SUBSTITUTES 82 5.9.5 INTENSITY OF COMPETITIVE RIVALRY 83 5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 83 5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 83 5.10.2 KEY BUYING CRITERIA 84 5.11 CASE STUDY ANALYSIS 85 5.12 TRADE ANALYSIS 87 5.12.1 IMPORT DATA FOR HS CODE 8481 87 5.12.2 EXPORT DATA FOR HS CODE 8481 88 5.13 PATENT ANALYSIS 89 5.13.1 NUMBER OF PATENTS GRANTED 89 5.13.2 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS, 2014–2023 89 5.13.3 TOP 20 PATENT OWNERS 90 5.13.4 LIST OF MAJOR PATENTS 91 5.14 KEY CONFERENCES AND EVENTS, 2024–2026 92 5.15 TARIFF, REGULATION, AND STANDARD ANALYSIS 93 5.15.1 TARIFF FOR PRESSURE-REDUCING VALVES 93 5.15.2 REGULATIONS AND STANDARDS 94 5.15.2.1 Regulatory bodies, government agencies, and other organizations 94 5.15.2.2 Regulatory standards 96 5.16 IMPACT OF AI/GEN AI ON INDUSTRIAL VALVES MARKET 97 5.16.1 AI-SPECIFIC USE CASES 98 5.16.2 FUTURE OF GENERATIVE AI IN VALVE ECOSYSTEM 98   6 INDUSTRIAL VALVES MARKET, BY VALVE SEALING 99 6.1 INTRODUCTION 99 6.2 SOFT SEATED VALVES 100 6.2.1 COST-EFFECTIVENESS AND ZERO LEAKAGE TO PROPEL MARKET DEMAND 100 6.3 METAL SEATED VALVES 101 6.3.1 INCREASED DURABILITY IN HIGH-TEMPERATURE, HIGH-PRESSURE, AND CORROSIVE ENVIRONMENTS TO BOOST MARKET GROWTH 101 6.4 PACKING SEATED VALVES 102 6.4.1 BETTER ADAPTABILITY, VERSATILITY, AND FLEXIBILITY TO SPUR MARKET GROWTH 102 7 INDUSTRIAL VALVES MARKET, BY VALVE TYPE 103 7.1 INTRODUCTION 104 7.2 ROTARY VALVES 105 7.2.1 BALL VALVES 108 7.2.1.1 Tight sealing and low operating torque to drive demand 108 7.2.1.2 Trunnion-mounted ball valves 109 7.2.1.3 Floating ball valves 109 7.2.1.4 Rising stem ball valves 109 7.2.2 BUTTERFLY VALVES 111 7.2.2.1 Cost-effectiveness and compact design to boost market growth 111 7.2.2.2 Zero-offset butterfly valves 112 7.2.2.3 Double-offset butterfly valves 112 7.2.2.4 Triple-offset butterfly valves 112 7.2.3 PLUG VALVES 114 7.2.3.1 Easy sealing and isolation to boost adoption in wastewater treatment plants 114 7.3 LINEAR VALVES 116 7.3.1 GLOBE VALVES 121 7.3.1.1 Use in high-pressure systems to support segmental growth 121 7.3.2 DIAPHRAGM VALVES 123 7.3.2.1 Ability to handle corrosive fluids, fibrous slurries, and radioactive fluids to aid market growth 123 7.3.3 GATE VALVES 125 7.3.3.1 Easy flow of media to boost demand in oil & gas and petrochemical applications 125 7.3.3.2 Standard plate gate valves 127 7.3.3.3 Wedge-type gate valves 127 7.3.3.4 Knife gate valves 127 7.3.4 SAFETY VALVES 127 7.3.4.1 Rising demand from oil & gas, energy & power, and chemical industries to propel segmental growth 127   7.3.5 CHECK VALVES 129 7.3.5.1 Ability to prevent reversal pipeline flow to stimulate demand for check valves 129 7.3.6 NEEDLE VALVES 131 7.3.6.1 Needle valves to offer precise flow control in oil & gas, pharmaceuticals, and water industries 131 7.3.7 PINCH VALVES 133 7.3.7.1 Pinch valves to offer reliable flow control for abrasive materials in mining and water treatment industries 133 7.3.8 SOLENOID VALVES 135 7.3.8.1 High demand for efficient fluid control systems to augment market growth 135 8 INDUSTRIAL VALVES MARKET, BY FLUID TYPE 138 8.1 INTRODUCTION 139 8.2 LIQUID 140 8.2.1 NEED FOR EFFECTIVE WATER TREATMENT AND WASTEWATER MANAGEMENT TO SUPPORT MARKET GROWTH 140 8.2.2 WATER VALVES 140 8.2.3 OIL VALVES 141 8.2.4 CHEMICAL VALVES 141 8.3 GAS 142 8.3.1 ADVANCED GAS VALVE SYSTEMS TO ENHANCE SAFETY AND PERFORMANCE IN INDUSTRIAL APPLICATIONS 142 8.3.2 NATURAL GAS 144 8.3.2.1 Natural gases to boost demand for industrial valves in extraction and distribution 144 8.3.2.2 Methane 144 8.3.2.3 Ethane 144 8.3.2.4 Propane 145 8.3.3 COMPRESSED AIR 145 8.3.3.1 Demand for compressed air valves to increase with automation and industrial processes 145 8.3.4 INDUSTRIAL GAS 145 8.3.4.1 Demand for industrial gas valves to rise with increased energy needs and improved safety regulations 145 8.3.4.2 Hydrogen 145 8.3.4.2.1 Increased adoption of clean energy and expansion of hydrogen infrastructure to aid segment growth 145 8.3.4.3 Nitrogen 146 8.3.4.3.1 Increased need for industrial applications to spur segment growth 146 8.3.4.4 Oxygen 146 8.3.4.4.1 Increasing urbanization and infrastructure development to fuel segment growth 146 8.3.4.5 Other industrial gases 146 8.4 SLURRY VALVES 147 8.4.1 ABILITY TO HANDLE CORROSIVE FLUIDS AND FIBROUS SLURRIES TO PROPEL MARKET DEMAND 147 8.4.2 CEMENT 148 8.4.3 SLUDGE 149 9 INDUSTRIAL VALVES MARKET, BY COMPONENT 150 9.1 INTRODUCTION 151 9.2 ACTUATORS 152 9.2.1 REDUCED MAINTENANCE COST, INCREASED UPTIME, AND ENHANCED PLANT SAFETY TO DRIVE DEMAND 152 9.2.2 PNEUMATIC ACTUATORS 152 9.2.2.1 Greater focus on automation, energy efficiency, and cost-effectiveness to drive market 152 9.2.2.2 Diaphragm actuators 152 9.2.2.3 Piston actuators 153 9.2.3 ELECTRIC ACTUATORS 153 9.2.3.1 Wide use in water and wastewater treatment and chemical plants to boost segmental growth 153 9.2.4 HYDRAULIC ACTUATORS 153 9.2.4.1 Integration of hydraulic actuators in HVAC, fire protection, and irrigation systems to propel growth 153 9.3 VALVE BODIES 154 9.3.1 IMPROVED CORROSION RESISTANCE AND ENHANCED CHEMICAL COMPATIBILITY TO FUEL SEGMENT GROWTH 154 9.4 OTHER COMPONENTS 154 10 INDUSTRIAL VALVES MARKET, BY FUNCTION 155 10.1 INTRODUCTION 156 10.2 ON/OFF VALVES 157 10.2.1 INCREASING USE IN THROTTLING APPLICATIONS TO DRIVE MARKET 157 10.3 CONTROL VALVES 158 10.3.1 NEED TO CONTROL TEMPERATURE, FLOW, AND PRESSURE IN INDUSTRIAL PROCESSES TO FAVOR MARKET GROWTH 158 10.3.2 MODULATING VALVES 158 10.3.3 POSITION-CONTROLLED VALVES 159 10.3.3.1 Quarter-turn valves 159 10.3.3.2 Multi-turn valves 159   11 INDUSTRIAL VALVES MARKET, BY MATERIAL 160 11.1 INTRODUCTION 161 11.2 STEEL 163 11.2.1 RESISTANCE TO STRESS CORROSION CRACKING TO DRIVE ADOPTION IN NATURAL GAS SECTOR 163 11.3 CAST IRON 164 11.3.1 GROWING ADOPTION IN WATER AND WASTEWATER TREATMENT FACILITIES TO BOOST MARKET DEMAND 164 11.4 ALUMINUM 164 11.4.1 LIGHTWEIGHT AND LOW-DENSITY MATERIAL TO BE USED IN AEROSPACE AND AUTOMOBILE INDUSTRY 164 11.5 ALLOY-BASED 165 11.5.1 EFFECTIVE ROLE IN MANAGING HIGH PRESSURE, TEMPERATURE, AND CORROSION IN PRODUCTION PROCESS TO FUEL MARKET GROWTH 165 11.5.2 NICKEL-ALUMINUM 165 11.5.3 NICKEL-CHROMIUM 165 11.6 PLASTIC 165 11.6.1 HIGH DURABILITY AND ENHANCED CORROSION RESISTANCE TO DRIVE DEMAND 165 11.7 OTHER MATERIALS 166 11.7.1 BRONZE 166 11.7.2 BRASS 166 12 INDUSTRIAL VALVES MARKET, BY SIZE 167 12.1 INTRODUCTION 168 12.2 <1” 170 12.2.1 INCREASING NEED FOR COMPACT AND EFFECTIVE TECHNOLOGIES TO DRIVE MARKET 170 12.3 1”–6” 170 12.3.1 COMPACT SIZE TO INCREASE ADOPTION IN OIL & GAS AND CHEMICAL INDUSTRIES 170 12.4 6”–25” 170 12.4.1 INCREASING ADOPTION IN OIL & GAS TO CREATE OPPORTUNITIES FOR VALVE PROVIDERS 170 12.5 25”–50” 171 12.5.1 GROWING NEED FOR FUNCTIONAL VALVES IN HIGH-TEMPERATURE AND HIGH-PRESSURE ENVIRONMENTS TO PROPEL MARKET GROWTH 171 12.6 >50” 171 12.6.1 INCREASED ADOPTION OF HIGH-CAPACITY SYSTEMS TO BOOST MARKET DEMAND 171   13 INDUSTRIAL VALVES MARKET, BY PRESSURE RANGE 172 13.1 INTRODUCTION 173 13.2 <50 BAR 175 13.2.1 INCREASING NEED FOR < 50 BAR VALVES FOR HVAC CONTROL TO DRIVE MARKET 175 13.3 >50 TO 350 BAR 175 13.3.1 RISING FOCUS ON SMART MANUFACTURING PROCESSES TO ENCOURAGE MARKET GROWTH 175 13.4 >350 TO 700 BAR 175 13.4.1 RISING DEMAND FOR HIGH-PRESSURE PROCESSES IN CHEMICAL AND PHARMACEUTICAL INDUSTRIES TO DRIVE MARKET 175 13.5 >700 TO 1000 BAR 176 13.5.1 GROWING NEED FOR FUNCTIONAL VALVES IN HIGH-PRESSURE ENVIRONMENT TO PROPEL MARKET GROWTH 176 13.6 >1000 BAR 176 13.6.1 ADVANCEMENTS IN HIGH-PERFORMANCE AND PRECISION MANUFACTURING TO DRIVE DEMAND 176 14 INDUSTRIAL VALVES MARKET, BY END-USE INDUSTRY 177 14.1 INTRODUCTION 178 14.2 OIL & GAS 180 14.2.1 RISING DEMAND IN TRANSPORTATION SECTOR TO FOSTER MARKET GROWTH 180 14.2.2 UPSTREAM 181 14.2.3 MIDSTREAM 181 14.2.4 DOWNSTREAM 182 14.3 WATER & WASTEWATER TREATMENT 184 14.3.1 HIGH INVESTMENTS IN ESTABLISHING WATER TREATMENT PLANTS TO PROPEL MARKET GROWTH 184 14.3.2 WATER DISTRIBUTION SYSTEMS 184 14.3.3 DESALINATION UNITS 184 14.4 ENERGY & POWER 187 14.4.1 INCREASING ENERGY DEMAND IN EMERGING ECONOMIES TO BOOST MARKET 187 14.4.2 CONVENTIONAL POWER PLANTS 187 14.4.3 RENEWABLE ENERGY PLANTS 188 14.5 PHARMACEUTICAL 190 14.5.1 AUTOMATION IN PHARMA COMPANIES TO REDUCE DRUG SHORTAGE AND INCREASE DEMAND FOR INDUSTRIAL VALVES 190 14.5.2 STERILIZATION PROCESS 190 14.5.3 PACKAGING & FILLING 191 14.6 FOOD & BEVERAGE 193 14.6.1 NEED FOR LEAKPROOF AND CLEAN CONTAINERS TO AUGMENT MARKET GROWTH 193 14.6.2 BEVERAGE PRODUCTION 193 14.6.3 DIARY PRODUCTION 193 14.7 CHEMICAL 195 14.7.1 VALVES IN CHEMICAL INDUSTRY TO REDUCE EMISSIONS, INCREASE PLANT SAFETY, AND PROTECT ENVIRONMENT 195 14.7.2 BATCH PROCESSING 196 14.7.3 FILTRATION PROCESS 196 14.8 BUILDING & CONSTRUCTION 198 14.8.1 INCREASING INFRASTRUCTURAL INVESTMENTS AND GROWING FOCUS ON BETTER SAFETY STANDARDS TO AID MARKET GROWTH 198 14.8.2 HVAC APPLICATION 198 14.8.3 FIRE PROTECTION 199 14.9 PAPER & PULP 201 14.9.1 NEED TO PRODUCE HIGH-QUALITY PRODUCTS WITH LESS ENERGY CONSUMPTION TO INCREASE DEMAND FOR VALVES 201 14.9.2 PAPER FORMATION 202 14.9.3 BLENDING 202 14.10 METAL & MINING 204 14.10.1 INDUSTRIAL VALVES IN MINING OPERATIONS TO HELP SELF-DIAGNOSE PLANTS AND ENSURE EFFICIENT OPERATIONS 204 14.10.2 HYDROMETALLURGY 207 14.10.3 CONVEYOR SYSTEMS 208 14.11 AGRICULTURE 208 14.11.1 RISING USE OF INDUSTRIAL VALVES IN IRRIGATION APPLICATIONS TO SPUR DEMAND 208 14.11.2 SPRINKLER SYSTEMS 208 14.11.3 WATER STORAGE TANKS 208 14.12 SEMICONDUCTOR 211 14.12.1 RISING DEMAND FOR SEMICONDUCTOR CHIPS FROM ELECTRONICS AND AUTOMOBILE MANUFACTURING COMPANIES TO DRIVE MARKET 211 14.12.2 WAFER PROCESSING 211 14.12.3 VACUUM SYSTEMS 211 14.13 OTHER END-USE INDUSTRIES 213 15 INDUSTRIAL VALVES MARKET, BY REGION 216 15.1 INTRODUCTION 217 15.2 NORTH AMERICA 219 15.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA 219 15.2.2 US 222 15.2.2.1 US to command largest share in North American industrial valves market during study period 222 15.2.3 CANADA 223 15.2.3.1 Favorable government policies and developed mining industry to propel market growth 223   15.2.4 MEXICO 223 15.2.4.1 Thriving semiconductor industry and availability of cheap labor to boost market growth 223 15.3 EUROPE 224 15.3.1 MACROECONOMIC OUTLOOK FOR EUROPE 224 15.3.2 UK 228 15.3.2.1 Strong regulatory framework and developed pharmaceutical industry to drive market 228 15.3.3 GERMANY 228 15.3.3.1 Rising adoption of industrial valves by process industries to stimulate market growth 228 15.3.4 FRANCE 228 15.3.4.1 Focus on renewable energy development to drive demand for industrial valves 228 15.3.5 ITALY 229 15.3.5.1 Increasing investments in refurbishing and retrofitting water & wastewater treatment plants to support market growth 229 15.3.6 REST OF EUROPE 229 15.4 ASIA PACIFIC 230 15.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC 230 15.4.2 CHINA 234 15.4.2.1 Developed industrial base and increased medical needs to augment market growth 234 15.4.3 JAPAN 234 15.4.3.1 Increasing focus on renewable energy projects to boost requirement for industrial valves 234 15.4.4 SOUTH KOREA 234 15.4.4.1 Growing focus on developing hydrogen industry to propel market growth 234 15.4.5 INDIA 235 15.4.5.1 Increasing investments in oil & gas and manufacturing sectors to stimulate market growth 235 15.4.6 REST OF ASIA PACIFIC 235 15.5 REST OF THE WORLD 235 15.5.1 MACROECONOMIC OUTLOOK FOR REST OF THE WORLD 235 15.5.2 MIDDLE EAST 238 15.5.2.1 Booming oil & gas and chemical industries to increase demand for industrial valves 238 15.5.2.2 GCC Countries 238 15.5.2.2.1 Rising investments in oil & gas, petrochemical, and water management sectors to aid market growth 238 15.5.3 SOUTH AMERICA 239 15.5.3.1 Increasing FDI and rising per capita income to aid market growth 239 15.5.4 AFRICA 239 15.5.4.1 Increasing investments for better water management infrastructure to generate market opportunities 239 16 COMPETITIVE LANDSCAPE 240 16.1 INTRODUCTION 240 16.2 STRATEGIES ADOPTED BY KEY PLAYERS IN INDUSTRIAL VALVES MARKET 240 16.3 REVENUE ANALYSIS, 2020–2023 242 16.4 MARKET SHARE ANALYSIS, 2023 243 16.5 COMPANY VALUATION AND FINANCIAL METRICS 246 16.6 BRAND/PRODUCT COMPARISON 247 16.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 248 16.7.1 STARS 248 16.7.2 EMERGING LEADERS 248 16.7.3 PERVASIVE PLAYERS 248 16.7.4 PARTICIPANTS 248 16.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 250 16.7.5.1 Company footprint 250 16.7.5.2 Valve type footprint 251 16.7.5.3 Fluid type footprint 252 16.7.5.4 End-use industry footprint 253 16.7.5.5 Region footprint 254 16.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 255 16.8.1 PROGRESSIVE COMPANIES 255 16.8.2 RESPONSIVE COMPANIES 255 16.8.3 DYNAMIC COMPANIES 255 16.8.4 STARTING BLOCKS 255 16.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 257 16.8.5.1 Detailed list of key startups/SMEs 257 16.8.5.2 Competitive benchmarking of key startups/SMEs 257 16.8.5.2.1 Competitive benchmarking, by type 257 16.8.5.2.2 Competitive benchmarking, by fluid type 258 16.8.5.2.3 Competitive benchmarking, by end-use industry 259 16.8.5.2.4 Competitive benchmarking, by region 260 16.9 COMPETITIVE SCENARIO 261 16.9.1 PRODUCT LAUNCHES 261 16.9.2 DEALS 263 16.9.3 EXPANSIONS 264 16.9.4 OTHER DEVELOPMENTS 265   17 COMPANY PROFILES 266 17.1 KEY PLAYERS 266 17.1.1 EMERSON ELECTRIC CO. 266 17.1.1.1 Business overview 266 17.1.1.2 Products offered 268 17.1.1.3 Recent developments 269 17.1.1.3.1 Product launches 269 17.1.1.4 MnM view 270 17.1.1.4.1 Key strengths/Right to win 270 17.1.1.4.2 Strategic choices 270 17.1.1.4.3 Weaknesses/Competitive threats 270 17.1.2 SLB 271 17.1.2.1 Business overview 271 17.1.2.2 Products offered 272 17.1.2.3 Recent developments 273 17.1.2.3.1 Expansions 273 17.1.2.4 MnM view 274 17.1.2.4.1 Key strengths/Right to win 274 17.1.2.4.2 Strategic choices 274 17.1.2.4.3 Weaknesses/Competitive threats 274 17.1.3 FLOWSERVE CORPORATION 275 17.1.3.1 Business overview 275 17.1.3.2 Products offered 276 17.1.3.3 Recent developments 278 17.1.3.3.1 Product launches 278 17.1.3.3.2 Other developments 278 17.1.3.4 MnM View 279 17.1.3.4.1 Key strengths/Right to win 279 17.1.3.4.2 Strategic choices 279 17.1.3.4.3 Weaknesses/Competitive threats 279 17.1.4 IMI 280 17.1.4.1 Business overview 280 17.1.4.2 Products offered 281 17.1.4.3 Recent developments 282 17.1.4.3.1 Product launches 282 17.1.4.3.2 Expansions 283 17.1.4.4 MnM view 283 17.1.4.4.1 Key strengths/Right to win 283 17.1.4.4.2 Strategic choices 283 17.1.4.4.3 Weaknesses/Competitive threats 283   17.1.5 CRANE COMPANY 284 17.1.5.1 Business overview 284 17.1.5.2 Products offered 285 17.1.5.3 Recent developments 286 17.1.5.3.1 Expansions 286 17.1.5.4 MnM view 287 17.1.5.4.1 Key strengths/Right to win 287 17.1.5.4.2 Strategic choices 287 17.1.5.4.3 Weaknesses/Competitive threats 287 17.1.6 VALMET 288 17.1.6.1 Business overview 288 17.1.6.2 Products offered 289 17.1.6.3 Recent developments 290 17.1.6.3.1 Deals 290 17.1.7 SPIRAX SARCO LIMITED 291 17.1.7.1 Business overview 291 17.1.7.2 Products offered 292 17.1.7.3 Recent developments 293 17.1.7.3.1 Deals 293 17.1.8 KITZ CORPORATION 294 17.1.8.1 Business overview 294 17.1.8.2 Products offered 295 17.1.9 KSB SE & CO. KGAA 297 17.1.9.1 Business overview 297 17.1.9.2 Products offered 298 17.1.9.3 Recent developments 299 17.1.9.3.1 Product launches 299 17.1.9.3.2 Expansions 300 17.1.10 ALFA LAVAL 301 17.1.10.1 Business overview 301 17.1.10.2 Products offered 302 17.1.10.3 Recent developments 303 17.1.10.3.1 Deals 303 17.1.10.3.2 Other developments 303 17.1.11 CURTISS-WRIGHT CORPORATION 304 17.1.11.1 Business overview 304 17.1.11.2 Products offered 305   17.1.12 PARKER HANNIFIN CORP. 307 17.1.12.1 Business overview 307 17.1.12.2 Products offered 308 17.1.12.3 Recent developments 309 17.1.12.3.1 Product launches 309 17.1.12.3.2 Deals 310 17.1.13 BRAY INTERNATIONAL 311 17.1.13.1 Business overview 311 17.1.13.2 Products offered 311 17.1.14 BAKER HUGHES COMPANY 312 17.1.14.1 Business overview 312 17.1.14.2 Products offered 313 17.1.15 IDEX 314 17.1.15.1 Business overview 314 17.1.15.2 Products offered 315 17.1.15.3 Recent developments 316 17.1.15.3.1 Deals 316 17.2 OTHER KEY PLAYERS 317 17.2.1 CIRCOR INTERNATIONAL, INC. 317 17.2.2 ROTORK 318 17.2.3 NEWAY VALVE 319 17.2.4 VELAN INC. 320 17.2.5 DANFOSS 321 17.2.6 GEORG FISCHER LTD. 322 17.2.7 SAMSONCONTROLS.NET 323 17.2.8 AVK HOLDING A/S 324 17.2.9 KLINGER HOLDING 325 17.2.10 TRILLIUM FLOW TECHNOLOGIES 326 17.3 OTHER PLAYERS 327 17.3.1 EBRO ARMATUREN GEBR. BRÖER GMBH 327 17.3.2 VALVITALIA SPA 328 17.3.3 GEFA PROCESSTECHNIK GMBH 329 17.3.4 AVCON CONTROLS PVT LTD. 330 17.3.5 FORBES MARSHALL 331 17.3.6 FRENSTAR 332 17.3.7 HAM-LET GROUP 333 17.3.8 DWYER INSTRUMENTS, LLC 334 17.3.9 APOLLO VALVES 335 17.3.10 NOVEL VALVES INDIA PVT. LTD 336   18 APPENDIX 337 18.1 INSIGHTS FROM INDUSTRY EXPERTS 337 18.2 DISCUSSION GUIDE 338 18.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 343 18.4 CUSTOMIZATION OPTIONS 345 18.5 RELATED REPORTS 345 18.6 AUTHOR DETAILS 346