Market Overview:

The North America Industrial Valve Market Size Was Valued at USD 17,234.80 Million in 2022, and is Projected to Reach USD 29,834.72 Billion by 2030, Growing at a CAGR of 7.1% From 2023-2030.

Industrial valves are essential components across industries, regulating fluid, gas, or slurry flow to ensure operational efficiency and safety. As global industrialization surges, particularly in emerging economies, demand for valves rises to support expanding sectors. Advanced valve technology continuously evolves, with innovations in design, materials, and manufacturing processes driving market growth. These advancements result in valves capable of withstanding high pressures, operating in challenging conditions, and offering superior efficiency and durability. Industrial valves play a pivotal role in managing diverse substances and enabling precise control, making them indispensable in ensuring smooth operations across industries such as oil and gas, chemical manufacturing, power generation, and water management. Their adaptability and technological enhancements cater to evolving industrial needs, contributing to the seamless functioning of industrial processes worldwide.

Top Key Players Covered in The Industrial Valve Market:

• • Emerson Electric Co (USA)
  • Flowserve Corporation (USA)
  • Curtiss-Wright Corporation (USA)
  • Parker-Hannifin Corporation (USA)
  • Crane Co (USA)
  • Circor International Inc (USA)
  • Velan Inc (Canada)
  • IMI plc (UK)
  • ITT Inc (USA)
  • Honeywell International Inc (USA)
  • Mueller Water Products (USA)
  • Kitz Corporation (Japan)
  • Powell Valves (USA)
  • Williams Valve Corporation (USA)
  • Dwyer Instruments Inc (USA) and Other Major Players

Market Dynamics and Factors:           

AThe North American industrial valve market experiences significant growth driven by demand from oil drilling and gas extraction activities. Valves are crucial in regulating fluid flow in various oil and gas operations, including drilling, refining, and pipeline networks. The rise in exploration, particularly in unconventional reserves like shale gas, increases the need for durable valves capable of withstanding harsh conditions. Emphasis on efficiency, safety, and environmental compliance further boosts demand for advanced valves meeting industry standards. Expanding pipeline networks and advancements in drilling technologies underscore the necessity for reliable valves enduring high pressures and corrosive environments. The symbiotic relationship between the growing oil and gas sector and demand for sophisticated valves fuels market growth. With North America's oil production reaching record highs, the demand for industrial valves across extraction, refining, and distribution processes continues to rise, highlighting the need for cutting-edge solutions ensuring safety and efficiency.

The North American industrial valve market sees substantial growth opportunities with the shift towards renewable energy sources. As the region emphasizes sustainability and reduces reliance on traditional fuels, the expansion of renewable energy infrastructure drives demand for industrial valves. Sectors like wind, solar, and hydroelectric power require valves for diverse applications. Wind farms rely on valves for hydraulic systems, turbine control, and gearbox lubrication, while solar plants use them in heat transfer fluids and cooling systems. Hydroelectric facilities utilize valves for managing water flow and turbine operations. Additionally, the emergence of energy storage systems offers valve implementation opportunities in storage tanks and control systems. The renewable energy sector's specific needs call for valves capable of handling various pressures, temperatures, and sustainable fluids, presenting a promising growth avenue for specialized valves that enhance operational efficiency and align with sustainable practices in North America.

The Industrial Valve Market Report highlights:

• • By Type, the ball valve, segment is Anticipated to Dominate the Market Over the Forecast period, The Ball Valve segment is expected to dominate the North American industrial valve market due to its versatile applications, reliability, and ease of operation. These valves are preferred for their ability to handle high pressures, temperatures, and corrosive fluids across industries such as oil and gas, chemical processing, and water treatment. Advancements in design have improved efficiency and durability, maintaining their appeal.
  • By Application, the Oil & Gas segment is poised to lead the In the North American industrial valve market, the Oil & Gas segment holds the largest market share due to its critical reliance on valves for various operations. Valves are essential for oil drilling, refining, pipeline transportation, and storage. The sector's complex operations require valves capable of withstanding high pressures, temperatures, and corrosive environments. With ongoing exploration of shale gas and unconventional resources, demand for specialized valves remains high. As the industry seeks efficient and technologically advanced solutions, the Oil & Gas segment maintains its leading position in driving market growth.
  • By Region, United States is Expected to Dominate the Market Over the Forecast Period. The United States is expected to maintain its dominance in the North American industrial valve market due to its robust industrial infrastructure, focus on technological advancements, and significant investments in various sectors including oil and gas, chemical manufacturing, power generation, and water treatment. The shale gas revolution has also contributed to increased demand for industrial valves in the oil and gas sector. Stringent regulatory standards emphasizing safety and environmental compliance further bolster the country's position. With its diverse industrial landscape and commitment to innovation, the United States is poised to continue leading the North American industrial valve market.

Key Industry Development:

In October 2023, LINDAL Group has invested in new Bag-on-valve manufacturing lines in Europe and North America to meet increasing customer demand. In Europe, new production lines focus on boosting efficiency, while in North America, investments aim to better serve regional customers. These strategic moves highlight LINDAL's commitment to meeting market demands and positioning itself for growth in BOV solutions.

In March 2023, Flowserve has announced its plans to acquire Velan in a cash transaction valued at around $245 million (C$329 million). This acquisition signifies a significant move within the industry, with Flowserve aiming to expand its portfolio through this strategic investment. By acquiring Velan, Flowserve seeks to bolster its market position and enhance its offerings in the valve sector.

The 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 Research has segmented the 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