
Industrial Valve Market To Reach $152.33 Billion By 2034, Growing At 4.8% CAGR
Industrial Valve Market
The growing industrial automation is driving the market demand.
Valves are crucial constituents in several industries involving oil & gas, water treatment, chemical processing, and power generation.” - Polaris Market ResearchNEW YORK CITY, NY, UNITED STATES, February 21, 2025 /EINPresswire / -- Our industrial valve market report has been prepared using advanced methodologies and research techniques to help businesses make strategic business decisions.The most recent research study by Polaris Market Research reveals that the industrial valve market is anticipated to flourish at a stable rate. With a projected CAGR of 4.8%, the market was valued at USD 95.57 billion in 2024. It is anticipated to grow to USD 152.33 billion by 2034.
Market Introduction:
Industrial valves are mechanical gadgets that unfurl, shut, or moderately block the passageways to control the flow of liquid or gas within a system. With an assortment of valve alternatives on the market, detecting the one that will offer maximal outcomes in the particular application can be provoking.
Balancing valves are outlined to regulate flow throughout the system by regulating the flow amidst numerous flow branches. Growing demand for green solutions and augmentation of important infrastructure projects covering sectors such as oil & gas, water treatment, chemical processing, and power generation pushes the industrial valve market demand.
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List of Key Companies in Industrial Valve Market:
.Emerson Electric Co.
.Velan Inc.
.AVK Water
.BEL Valve Limited
.SLB
.Flowserve Corporation
.KLINGER
.GG Valve Private Limited
.LESER GmbH & Co. KG
.Alfa Laval
Market Drivers and Opportunities:
.Relief In Industry Operations: Industries functioning under excessive pressures and temperatures with improved security, dependability, and presentation are boosting the demand for industrial valve market growth.
.Growing Usage In Healthcare Industries: The healthcare and pharmaceutical industry depends on accurate, pollution-free fluid management. Valves in these industries are important for sustaining stringent sterilization rendering them important for procedures including medicines, chemicals, and purified water.
.Escalating Usage Of Smart Industrial Valves: Smart industrial valves combine sensors and communication technologies sanctioning real-time data swapping and distant monitoring, which is particularly treasured in intricate and detrimental ambiances.
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Segmental Analysis:
.The industrial valve market segmentation is based on valve type, fluid type, function, material, end use, and region.
.By valve type analysis, the ball valve segment held the largest market share in 2024. This is due to its ingenuity, longevity, and capacity to offer compact sealing, which is important for industries such as oil & gas, water treatment, and manufacturing.
.By end use analysis, the water & wastewater treatment segment is poised to register a significant CAGR. This is due to the growing global demand for clean water and enhanced sanitation.
Regional Overview:
The research report covers all the major regions and sub-regions of the industrial valve market. The study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
.Asia Pacific: Asia Pacific accounted for the largest market share. This is primarily because of speedy industrialization and growing urbanization.
.North America: North America is anticipated to witness a significant CAGR from 2025 to 2034. The region's sizeable funding in the framework covering critical sectors such as oil and gas, chemical processing, and power generation fuels the regional market expansion.
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FAQs:
Which region dominated the industrial valve market in 2024?
Asia Pacific dominated the industrial valve market in 2024.
What is the forecast period of the industrial valve market?
The forecast period of the market is 2025 to 2034.
Which segment, by valve type, dominated the market in 2024?
In 2024, the ball valve segment dominated the market.
What is the regional scope of the market?
The market report covers regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
Likhil G
Polaris Market Research and Consulting
+1 929-297-9727
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