Market Overview:
Europe's Industrial Valve Market Size Was Valued at USD 20,107.26 Million in 2022 and is Projected to Reach USD 34,807.17 Million by 2030, Growing at a CAGR of 7.1% From 2023-2030.
Industrial valves are specialized devices used to regulate fluid flow in various systems. They come in different types, chosen based on factors like fluid type, pressure, temperature, and flow rate. Common types include ball valves, gate valves, check valves, and butterfly valves, each suited to specific tasks. Functionally, these valves control fluid movement by opening, closing, or adjusting positions, ensuring precise volume, speed, and direction. This regulation enhances operational efficiency and safety by preventing leaks, overflows, or unwanted fluid movements. Essentially, industrial valves act as vital regulators, facilitating the controlled flow of liquids, gases, or slurries in diverse industrial processes.
Top Key Players Covered in The European Industrial Valve Market:
- Velan Inc.
- Ksb Se & Co. Kgaa
- Spirax-Sarco Engineering Plc
- Avk Holding A/S
- Bray International, Inc.
- Emerson Electric Co.
- Alfa Laval Ab
- Imi Plc
- Burkert Fluid Control Systems
- Samson Ag, and Other Major Players.
Market Dynamics and Factors:
Industrial infrastructure development across sectors like oil and gas, chemical processing, energy generation, and water management fuels the demand for efficient fluid control systems. As industries upgrade and expand facilities, the need for reliable valves to regulate fluid flow intensifies. This trend is particularly evident in European infrastructure projects aiming to enhance production capacities and adhere to quality and safety standards.
The modernization and expansion of existing infrastructure, along with the development of new industrial complexes, create a growing market for industrial valves. Manufacturers are compelled to offer advanced valve solutions ensuring seamless operations and compliance with regulatory frameworks, solidifying infrastructure's role in expanding the European industrial valve market.
In 2022, France, the United Kingdom, and Germany led European infrastructure investment, setting precedents with significant spending. This commitment propels the industrial valve market forward across the region. Integration with automation systems presents a significant opportunity. As industries adopt automated processes, the demand for valves compatible with these systems surges. This integration enables real-time monitoring, remote operation, and predictive maintenance, optimizing system performance.
Valves integrated with automation systems offer precise control over fluid flow and improved safety. Such integration aligns with Industry 4.0 principles, promoting efficiency and data-driven decision-making. Companies investing in valves compatible with automation systems position themselves to capitalize on this opportunity. These innovations cater to the demand for smart solutions driving efficiency across industrial sectors in Europe.
The Europe Industrial Valve Market Report Highlight:
- By Type, Ball valves are versatile and have superior performance across diverse industries like oil and gas, chemical processing, and power generation. Their quick quarter-turn operation, exceptional shut-off capabilities, and adaptability to high-pressure and high-temperature environments make them highly preferred. Additionally, their durability, minimal maintenance requirements, and suitability for various applications, including on/off and throttling, contribute to their widespread adoption.
- By Application, the oil and gas sector hold sway in the European industrial valve market due to its extensive reliance on valves for fluid flow regulation across exploration, production, refining, and distribution processes. Valves in this sector must endure severe conditions, high pressures, and temperature variations, necessitating exceptional reliability and corrosion resistance while meeting stringent safety standards. Europe's substantial investments in offshore and onshore projects further bolster demand for specialized valves tailored to harsh environments, cementing the sector's dominance.
- By Region, Germany's continued dominance in the European industrial valve market is supported by its robust manufacturing sector and technological expertise. The country's commitment to innovation and high-quality production meets the demand for advanced valves in the automotive, chemicals, machinery, and engineering industries. Strict adherence to quality standards and environmental regulations enhances the need for specialized valves. Infrastructure projects and renewable energy initiatives further drive demand. With proactive modernization efforts, Germany remains a pivotal market for industrial valves in Europe.
Key Industry Development:
In October 2023, LINDAL Group invested in new Bag-on-valve manufacturing lines in Europe and North America, substantially increasing capacity to meet growing customer demand, globally.
In April 2022, ITT Inc. disclosed that it had paid USD 140 million to acquire Habonim, an industrial valve and actuators supplier. Habonim is expected to join the Industrial Process (IP) division of ITT. Long-term sales growth will be boosted by the company's complementary ball valve offering and focus on harsh applications in desirable end-user markets for industrial processes and ITT.
The Europe Industrial Valve Market Segmentation:
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 Europe 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
