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Japan Industrial Valve Market Research Report 2023

Japan Industrial Valve Market Size By Type (Ball, Globe, Gate, Butterfly, Plug, Check) Material (Steel, Brass, Bronze, Cast Iron, Plastic) Size (< 1”, 1”–6”, 6”–25”, 25”–50”, > 50”) Application (Oil & Gas, Power, Energy, Chemical, Water & Waste Treatment) Function (On/Off, Control, Isolation, Special Purpose) and Country Market Analysis and Forecast, 2023-2030

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Report ID: 194

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Japan Industrial Valve Market Synopsis

Japan Industrial Valve is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

  • Japan's industrial valve market has been a key part of the country's industrial infrastructure, serving various industries such as oil and gas, petrochemicals, water and wastewater treatment, power generation, and manufacturing.
  • Japan's reputation for technological innovation and precision engineering has allowed its valve manufacturers to gain a competitive edge in the world. Many Japanese valve companies are known for producing high-quality valves that meet strict international standards and ensure safety and reliability in critical industrial processes.
  • The market has grown steadily due to continuous infrastructure development, industrial expansion and increasing demand for energy and utilities. The adoption of advanced automation technologies in various industries has increased the need for advanced valve solutions to improve efficiency and productivity.
  • It is important to note that the specifics of the Japanese industrial valve market may have evolved since my last update. For the most up-to-date and detailed information, it is recommended to consult recent market reports, industry publications and official sources on the Japanese industrial valve sector.

Top Key Players:

"Asahi/America Inc. (US), Azbil Corporation (Japan), CKD Corporation (Japan), Daikin Industries Ltd. (Japan), Fujikin Incorporated (Japan), Hitachi Ltd. (Japan), Spirax-Sarco Engineering Plc (Japan), IDEX Corporation (US), KITZ Corporation (Japan), Kobelco Valve Co. Ltd. (Japan), Kubota Corporation (Japan), Metso Corporation (Finland), Mitsubishi Electric Corporation (Japan), Neway Valve (Suzhou) Co. Ltd. Japan Office (China), Nihon KOSO Co. Ltd. (Japan), SMC Corporation (Japan), Sumitomo Electric Industries Ltd. (Japan), Swagelok Japan (Japan), Takasago Electric Inc. (Japan), Yokogawa Electric Corporation (Japan) and other major players."

Japan Industrial Valve Market Trend Analysis

Renowned for Quality and Reliability

  • Japanese valve manufacturers are known worldwide for their unwavering commitment to producing high-quality and reliable products. This distinctive reputation gives them a competitive advantage in both domestic and international markets, attracting customers who appreciate high-quality performance and uncompromising safety. Japan's commitment to precision engineering and cutting-edge technology ensures that its industrial valves meet strict industry standards, ensuring reliability in critical processes across a variety of sectors.
  • Customers looking for durable and reliable solutions turn to Japanese valve products based on their proven excellence. Emphasizing quality control and rigorous testing during the manufacturing process further strengthens the credibility of Japanese valve manufacturers and builds trust with end users and project stakeholders. As a result, Japanese valve companies are often the preferred choice for large projects and installations, contributing to their continued success and position in the global industrial valve market.

The Opportunity for Smart, Connected Valves

  • The adoption of intelligent manufacturing and Industry 4.0 technologies in Japan has opened significant opportunities for valve companies to develop and offer intelligent connected valves. These state-of-the-art solutions combine sensors, data analysis and automation capabilities with traditional valve systems, enabling real-time monitoring and control of industrial processes.
  • Intelligent connected valves offer several advantages to the entire Japanese industry. By collecting and analyzing data, these valves can provide valuable information about process efficiency, effectiveness and potential problems. This proactive approach enables proactive maintenance, reduces downtime and optimizes production.
  • The inclusion of intelligent valve technology is consistent with Japan's commitment to technological progress and efficiency. It not only increases the productivity and competitiveness of the industry but also adapts to sustainable practices, optimizing the use of resources and minimizing waste. As a result, several sectors in Japan are likely to adopt smart connected valves, leading the country further into the era of smart manufacturing.

The graph shows that, From 2017 to 2021, the revenue of the "Valves and fittings" industry in Japan has seen growth, with a projected amount of approximately 5.56 million U.S. Dollars by 2021.

Japan Industrial Valve Market Segment Analysis

Japan's Industrial Valve Market is segmented into Type, Material, Size, Application, and Function. By Type, the Gate segment is Anticipated to Dominate the Market Over the Forecast Period.

  • The gate valve segment of the Japanese industrial valve market is very important due to its wide range of applications and functional characteristics. Gate valves are widely used in various industries such as oil and gas, petrochemical, water and wastewater treatment, power generation, and manufacturing processes.
  • In Japan, slide valves are preferred for their tight closure, which allows precise control of flow in pipelines and systems. Their design with a sliding gate-like disk allows for a fully open or closed position, which reduces pressure losses and minimizes leaks. These valves are particularly suitable for handling high-pressure and high-temperature fluids, making them essential in critical processes where safety and reliability are paramount.
  • The Japanese gate valve market is driven by continuous industrial expansion and infrastructure development. With Japan's constant focus on advanced technology and precision engineering, the slide valve segment benefits from innovative designs and materials that improve efficiency and performance.

Japan Industrial Valve Market Country Analysis

  • Located in the Chubu region of Japan, Aichi is a major industrial centre known for its diverse manufacturing activities. The Aichi Industrial Valve Market plays an important role in supporting various industries in the region and beyond.
  • The Aichi valve market serves a wide range of industries, including automotive, aerospace, machinery, electronics, and chemical. As well-known companies such as Toyota, Honda, Mitsubishi, and Denso are headquartered or have large facilities in the area, there is a constant demand for industrial valves used in manufacturing processes, power generation, and other applications.
  • Thanks to the region's emphasis on precision engineering and technological advances, Aichi valve manufacturers have built a reputation for producing high-quality valves that meet strict industry standards. In addition, an increasing focus on durability and energy efficiency has led to the introduction of advanced valve technologies that help reduce emissions and improve operational efficiency.

COVID-19 Impact Analysis on Japan Industrial Valve Market

  • The COVID-19 pandemic has had a major negative impact on the Japanese industrial valve market. The outbreak in early 2020 disrupted supply chains, caused economic uncertainty, and caused a drop in industrial activity, which affected demand for valves in various sectors.
  • The pandemic has caused production shutdowns and reduced activity in many industries, including automotive, aerospace, and manufacturing, which are major consumers of industrial valves. This led to reduced demand for valves as companies focused on cost-cutting initiatives and postponed non-essential projects.
  • The construction and infrastructure sector, which drives demand for valves, also experienced a slowdown due to social distancing and uncertainty around upcoming projects, which further impacted the market. In addition, the decline in consumer spending and business investment during the pandemic affected Japan's overall economic performance, resulting in reduced investment in new valve technologies and innovations.

Top Key Players Covered in The Japan Industrial Valve Market

  • Asahi/America Inc. (US)
  • Azbil Corporation (Japan)
  • CKD Corporation (Japan)
  • Daikin Industries Ltd. (Japan)
  • Fujikin Incorporated (Japan)
  • Hitachi Ltd. (Japan)
  • Spirax-Sarco Engineering Plc (Japan)
  • IDEX Corporation (US)
  • KITZ Corporation (Japan)
  • Kobelco Valve Co. Ltd. (Japan)
  • Kubota Corporation (Japan)
  • Metso Corporation (Finland)
  • Mitsubishi Electric Corporation (Japan)
  • Neway Valve (Suzhou) Co. Ltd. Japan Office (China)
  • Nihon KOSO Co. Ltd. (Japan)
  • SMC Corporation (Japan)
  • Sumitomo Electric Industries Ltd. (Japan)
  • Swagelok Japan (Japan)
  • Takasago Electric Inc. (Japan)
  • Yokogawa Electric Corporation (Japan)

Key Industry Developments in the Japan Industrial Valve Market

In June 2023, Hitachi Ltd. announced it entered into a strategic collaborative framework agreement with the world-renowned medical research institution Brigham and Women's Hospital (BWH), a founding member of the Mass General Brigham Health System, and the Harvard Medical School Teaching Organization*1 on June 29 to jointly create "co-creation" (the practice of advancing and winning disease and therapeutic efforts).

In April 2023, KITZ Corporation and its subsidiary KITZ SCT completed the construction of a new plant in Ota City, Gunma Prefecture to produce valves and connectors used in semiconductor and FPD manufacturing processes. The facility includes automated manufacturing facilities to increase capacity for the semiconductor market, as well as an expanded product development evaluation to accelerate new products to market. This move strengthens KITZ's position in the semiconductor industry and is in line with their long-term management vision.

Frequently Asked Questions

What would be the forecast period in the Industrial Valve Market research report?

The forecast period in the Industrial Valve Market research report is 2023-2030.

Who are the key players in Industrial Valve Market?

Asahi/America Inc. (US), Azbil Corporation (Japan), CKD Corporation (Japan), Daikin Industries Ltd. (Japan), Fujikin Incorporated (Japan), Hitachi Ltd. (Japan), Spirax-Sarco Engineering Plc (Japan), IDEX Corporation (US), KITZ Corporation (Japan), Kobelco Valve Co. Ltd. (Japan), Kubota Corporation (Japan), Metso Corporation (Finland), Mitsubishi Electric Corporation (Japan), Neway Valve (Suzhou) Co. Ltd. Japan Office (China), Nihon KOSO Co. Ltd. (Japan), SMC Corporation (Japan), Sumitomo Electric Industries Ltd. (Japan), Swagelok Japan (Japan), Takasago Electric Inc. (Japan), Yokogawa Electric Corporation (Japan) and Other Major Players.

What are the segments of the Industrial Valve Market?

The Industrial Valve Market is segmented into Type, Material, Size, Application, and Function. By Type, the market is categorized into Ball, Globe, Gate, Butterfly, Plug, and Check. By Material, the market is categorized into Steel, Brass, Bronze, Cast Iron, and Plastic. By Size, the market is categorized into < 1”, 1”–6”, 6”–25”, 25”–50”, and> 50”. By Application, the market is categorized into Oil & Gas, Power, Energy, Chemical, Water & Waste Treatment. By Function, the market is categorized into On/Off, Control, Isolation, and Special Purpose.

What is the Industrial Valve Market?

Japan's industrial valve market has been a key part of the country's industrial infrastructure, serving various industries such as oil and gas, petrochemical, water and wastewater treatment, power generation and manufacturing.

How big is the Industrial Valve Market?

The Industrial Valve is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

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