Industrial Valves Market Expected to Witness Steady Expansion During 2028
                     The industrial valves market is projected to grow at a CAGR of 5.80%, with estimated 
market size of USD 59.1 billion in 2021 to USD 82.9 billion by 2028. One of the key factors 
fueling the market expansion for industrial valves is the rise in infrastructure-related 
activities. Industrial valves are in greater demand due to increased infrastructure-related 
projects and the expansion of private infrastructure investment (PPI). Additionally, improving 
industrial equipment performance and lubricant life with continuous lubricant filtration 
speeds up market growth. Continuous use of these systems also helps to reduce the costs 
associated with machinery repairs and production downtime. The market for industrial valves 
is further benefited from expanding urbanization, lifestyle changes, a boom in investments, 
and rising consumer expenditure. Additionally, throughout the projection period, the 
expansion of refineries and petrochemical facilities and the adoption of Industry 4.0 and IoT 
in industrial valves provide lucrative prospects to market participants. On the other hand, it is 
anticipated that local manufacturers' low-cost valve offerings and the absence of established 
standards will hinder market expansion. 
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Industrial Valves Market Dynamics 
 
Drivers: Growing demand for valves from healthcare and pharmaceuticals industries 
due toCOVID-19 pandemic 
 
The healthcare and pharmaceutical sectors are at the vanguard of fighting the COVID-19 
pandemic due to its rapid spread. There is an increase in the creation of all essential medical 
devices needed to treat COVID-19 patients. Several significant industry firms have seized the 
chance to help in the effort to combat this pandemic since industrial valves are crucial to the 
production of various types of medical equipment. Emerson's valves, for instance, can control 
pressure relief, maintain the cleanliness of the materials and components in sterilizers and 
oxygen therapy devices, and support analyzers and other crucial hematology equipment. 
Additionally, pop-up and remote hospitals and triage centers receive oxygen supply through 
the company's high-pressure and high-purity valves. 
 
Restraints: Lack of standardized policies 
 
Manufacturers of valves must abide by the various certifications and laws in each region. Due 
to the wide use of valves in numerous end-user sectors, this factor leads to diversity in 
product requirements. However, due to the need for industry participants to modify the same 
product by regional rules, which makes it challenging for valve manufacturers to attain an 
optimal installation cost, this diversity is impeding the growth of the valve market. They must 
use their resources to establish production facilities in other places to address this problem, 
which will require extra capital investments. 
 
Opportunities: Use of lloT and Industry 4.0 in industrial valves 
 
Valves are essential parts of a variety of industrial machinery. Using conventional schedule-
based maintenance techniques, manufacturing organizations cannot be warned about probable 
valve failures. As a result, when inspecting valves, technicians frequently report defects, 
leading to unplanned downtime that could have been avoided by using the Industrial Internet 
of Things (loT). But recent advancements in data science, connectivity, and computer power 
have made it possible for businesses to use loT technology to cut down on unscheduled 
downtime caused by valve failures. With the help of the Internet of Things (IoT), valve 
specialists may remotely check on the condition of the valves in a plant and measure their 
effectiveness, lifespan, and failure risk, resulting in improved valve performance and a secure 
working environment. 
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release/2022/11/14/2555190/0/en/Global-Industrial-Valves-Market-Size-Share-to-Garner-82-
9-billion-by-2028-at-5-80-CAGR-Analysis-Outlook-Leaders-Trends-Forecast-Segmentation-
Growth-Growth-Rate-Value-by-Markets-N-R.html 
 
The globe category is estimated to be the largest growth in the steam engine market 
during the forecast period 
 
The globe category dominated the market. Globe valves, which govern by the position of a 
movable disc concerning the stationary ring seat, are among the most often used valves for 
controlling the flow in a pipeline. The globe valve's main benefit is that it doesn't leak as 
much as other valves. These valves are used in various industries for their advantages, 
including superior full-closing properties, quicker opening and closing times, and positive 
shut-off. Additionally, they can function as stop-check valves. 
 
Oil & gas is estimated to be the largest growing market category during the forecast 
period 
 
The oil & gas segment is projected to grow the fastest during the forecast period due to the 
expansion of the transportation industry, rising energy prices, and expanding drilling 
operations in Gulf Cooperation Council (GCC) nations. The COVID-19 pandemic outbreak, 
however, has caused an economic catastrophe that the globe is still recuperating from. After 
COVID-19, the growing need for maintenance work in the oil and gas industry would present 
profitable business prospects. The need for maintenance operations would also increase 
opportunities for maintenance service providers in the oil & gas industries, increasing the 
demand for valves. This is because most of the existing oil and gas refineries are aging. 
 
The North American segment is estimated to be the largest growing market during the 
forecast period 
 
North America is the largest industrial valve market, projected to grow fastest during the 
forecast period. Since several of the greatest global firms, like Emerson (U.S.), Cameron-
Schlumberger (U.S.), and Flowserve Corporation, are based in North America, the continent 
is a significant market for industrial valves (U.S.). Among the key drivers propelling the 
market in North America are the increased need for safety applications and the region's 
expanding R&D efforts connected to using actuators in valves for automation. In the U.S., 
industrial valve application fields are being expanded by industry-level R&D in various 
sectors, including energy & power and chemicals. Oil and gas, energy and electricity, and 
water and wastewater treatment industries all employ control valves to start, stop, or throttle 
flow and ensure safe and effective process automation. 
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https://marketsnresearch.com/report/1570/global-industrial-valves-market 
 
Key Market Players 
 
The industrial valve market is dominated by a few global players and comprises several 
regional players. Some key manufacturers operating in the market are G.E. Company, 
Emerson, Flowserve Corporation, Schlumberger Limited, TechnipFMC Plc, KSB SE & Co. 
KGaA, KITZ Corporation, Alfa Laval Corporate AB, Curtiss-Wright Corp., CIRCOR 
International, Inc., Oilwell Varco, Inc., Weir Group Plc., Neway Valves, AVK International 
A/S, Flowserve Corporation and LESER GmbH & Co. K.G. 
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