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New Product Developments and Demand from Emerging Economies Drive the Global Industrial Valves Market

Published: October 2017


  • Code: MCP-2755
  • Pages: 873
  • Tables: 190
  • Companies: 747


The global market for Industrial Valves is forecast to reach US$112 billion by 2024, driven by steady demand from petrochemical, power generation, and water & wastewater industries; new product development replacing traditional products; and major impetus provided by the developing economies. Stringent emission control regulations are driving replacement demand as companies seek to prevent the financial burden caused by leaks and fugitive emissions through valves. The risk remains especially high in the oil and gas end-use sector, where valve repairs and valve failure can cost companies thousands of dollars in losses each day. Ongoing valve maintenance in the recovering oil and gas sector is therefore poised to push up replacement demand in the market. The market also stands to benefit from growing R&D and innovations in valve control mechanisms; development of reliable and durable valves; and development of new valve designs that enhances integrity and overthrows drawbacks associated with traditional standard valve designs. Asia-Pacific represents the largest and the fastest growing market with a CAGR of 7.2% over the analysis period led by rapid industrialization and a parallel increase in industrial and manufacturing activity; growing investments in plant and production equipment upgrade and replacements; and healthy CAPEX spends on automation and the resulting demand for smart valves. 

    Summary of Findings

  • Market to Benefit from Custom Valve Designs Tailored to Meet the Unique Requirements of Specific End-Use Applications
  • The Market Witnesses Growing Research and Development Activity Around Innovative Changes in Fundamental Valve Designs to Overcome Known Drawbacks of Traditional Valves in Process Industries
  • Capacity Expansions Drive Demand for Industrial Valves Used in Petroleum Refining Plants
  • Reviving Interest in Nuclear Power to Drive Demand for High Performance Nuclear Valves
  • Increased Focus on Plant Automation Benefits Demand for Quarter-Turn Valves
  • Product Development Focus Rests Squarely on Elimination of Dead Band Which is Associated With Process Variability and Caused by Flaws in Control Valve Assemblies

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa, and Latin America

    Market Segmentation & Classification

  • Product Group/Segments:
    • Multi-turn Valves (Globe & Gate Valves, & Other Multi-turn Valves), Quarter-turn Valves (Ball Valves, Butterfly Valves, & Industrial Plug Valves), Safety & Relief Valves, Automated Control & Regulator Valves, and Other Industrial Valves
  • End-Use Industry:
    • Chemical, Petroleum Refining, Pulp & Paper, Water & Sewage Utilities, Electric Power Generation, Oil & Gas, Iron & Steel, and Others


  • AVK Group The
  • Anvil International
  • Cameron
  • Crane Co.
  • Emerson Electric Co.
  • Flowserve Corp.


  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable

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