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China Industrial Valve Market To Reach USD 19.5 Million By Year 2030

China Industrial Valve Market Size Was Valued at USD 13.4 Billion in 2023 and is Projected to Reach USD 19.5 Billion by 2030, Growing at a CAGR of 4.8% From 2023-2030.

24-04-2024
Swati Kalagate
Manufacturing and Construction
Pristine Intelligence LLP

Market Overview:

China Industrial Valve Market Size Was Valued at USD 13.4 Billion in 2023 and is Projected to Reach USD 19.5 Billion by 2030, Growing at a CAGR of 4.8% From 2023-2030.

Industrial valves are devices designed to control the flow of liquids, gases, or slurries within pipelines or process systems. They serve crucial roles in regulating, isolating, and directing the flow of fluids in various industrial applications such as oil and gas, water treatment, chemical processing, and power generation. These valves come in diverse types including gate valves, globe valves, ball valves, and butterfly valves, each tailored for specific functionalities and environments. Industrial valves play a vital role in ensuring operational safety, efficiency, and reliability within industrial processes by managing fluid flow, pressure, and direction effectively.

Top Key Players Covered in The China Industrial Valve Market:

    • Sanhua Valve (China)
    • Yuanda Valve (China)
    • Neway Valve (China)
    • Zhejiang Chaoda Valve (China)
    • Shanghai Shengchang Automatic Control Valve (China)
    • Sichuan Zigong High-Pressure Valve (China)
    • Qinhuangdao Special Steel Valve (China)
    • Wenzhou Crane Valve (China)
    • Beijing Detaike Valve (China)
    • Ningbo Amico Valve (China)
    • Suzhou Xintai Valve (China)
    • Shandong Jinan Valve (China)
    • Zhejiang Jiangnan Valve (China)
    • Anhui Xinfeng Valve (China)
    • Fengcheng Hanyang Industry (China), and Other Major Players

Market Dynamics and Factors:          

Increasing industrialization across various sectors such as oil and gas, water and wastewater treatment, power generation, and chemicals. Additionally, stringent regulations regarding safety and emissions drive the demand for valves with advanced features like improved efficiency and reliability. Moreover, technological advancements such as the integration of IoT and automation in valve systems enhance their performance and monitoring capabilities, further boosting market growth. Opportunities lie in emerging economies witnessing rapid infrastructure development, especially in regions like Asia-Pacific and Latin America. These regions offer substantial growth potential due to increasing investments in industries requiring valves for fluid control and regulation. However, the market faces restraints such as the volatility of raw material prices, which can affect manufacturing costs and profit margins. Furthermore, the market is highly competitive, with numerous players offering similar products, leading to price wars and margin pressures. Additionally, the COVID-19 pandemic has disrupted supply chains and slowed down industrial activities, impacting the demand for industrial valves in the short term.

The China Industrial Valve Market Report Highlight:

    • By Type, Ball valves offer excellent sealing properties, durability, and are suitable for a wide range of applications, from general purpose to severe service environments. Their design allows for quick operation, reliable performance, and minimal maintenance requirements, making them popular across industries such as oil and gas, water and wastewater, chemical, and others. Additionally, advancements in materials and technology have further enhanced their performance and reliability, driving their increasing adoption.
    • By Material, Bronze offers excellent corrosion resistance, making it suitable for various industrial applications, particularly in sectors such as oil and gas, water treatment, and chemical processing. Additionally, its durability and reliability make it a preferred choice for valve construction. As industries prioritize longevity and performance, the demand for bronze valves continues to rise, contributing to the segment's expansion within the market.

Key Industry Development:

In May 2023, Neway Valve reached an important milestone in China by developing the country's first 20-inch class 2500LB metal seal emergency stop valve after three years of dedicated efforts by the research and development team. This success fills an important void in the home industry. High-pressure check valve ball valves are essential in offshore platform construction, allowing emergency shut-off within 10 seconds to prevent leaks during offshore oil drilling.

The China 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, Pristine Intelligence has segmented the China 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
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