Industrial Valves Market Size, Share, and Trends 2025 to 2034

Industrial Valves Market Size and Forecast 2025 to 2034

The global industrial valves market size was calculated at USD 76.90 billion in 2024 and is predicted to increase from USD 86.67 billion in 2025 to approximately USD 250.84 billion by 2034, expanding at a CAGR of 12.55% from 2025 to 2034.

Industrial Valves Market Key Takeaways

• Asia Pacific led the market with the biggest market share of 36% in 2024.
• By Material Type, the steel industrial valves segment registered the maximum market share in 2024.
• By Application, the oil & gas segment has held a major market share in 2024.
• By Application, the water & wastewater segment is anticipated to grow at a solid CAGR of 6% during the forecast period.

AI in the Market

Artificial intelligence has been creating new vice industries for predictive maintenance, downtime minimization, and asset-life maximization. AI-empowered smart valves handle the liquids and gases for flow, temperature, and pressure conditions; thus, they make real-time adjustments for efficiency and safety. Self-tuning algorithms mean manual recalibration is done away with so that optimization can occur automatically. AI-based systems do quality control through vision systems that detect defects and maintain the desired quality level. They help in deciding the choice of valve and optimizing the design according to operational simulations. Finally, AI is used for forecasting inventory as well as planning for spares and thus keeps supply chains moving efficiently. Chatbots help provide service and provide smoother communication. The AI system provides some support to sustainability by including energy-efficient treatment in valve operations.

Asia Pacific Industrial Valves Market Size and Growth 2025 to 2034

The Asia Pacific industrial valves market size was projected to reach at USD 27.68 billion in 2024 and is predicted to be worth around USD 90.30 billion by 2034, at a CAGR of 12.58% from 2025 to 2034.

In 2024, Asia Pacific dominated the global industrial valves market owing to booming consumption of chemicals coupled with escalating construction activities. Furthermore, the region witnesses the capacity expansions of petroleum refining plants along with the construction of new nuclear power stations that again fuel the demand for industrial valves in the region.

On the other side, North America exhibits the fastest growth over the analysis period owing to the replacement of inefficient and old valves with more efficient industrial valves for gas transportation. Further, increasing production of shale gas and oil sands offers huge growth potential for the market across this region. The region witnesses a revolution in the oil & gas sector with rising investment in the sector to transform the old pipelines into smarter along with the deployment of new pipelines.

Industrial Valves Market Growth Factors

• Automation in control valves drives up market growth due to higher reliability, more efficiency, and lower energy consumption. 
• The increasing trend of expansion of the oil & gas sector demands valves for upstream, midstream, and downstream processes, marking constant consumption.
• The need to monitor pipelines and optimize processes serves as an impetus to the growing demand for automated valve systems.
• Power, chemicals, pharmaceuticals, and water treatment are some of the other industries where the product finds application, strengthening market opportunities.
• Advances in valve materials and integration with digital monitoring systems enhance performance and adaptability.

Market Scope

Value Cain Analysis

• Raw Material Sourcing (Metals, Electronics): Selecting and procuring several materials, such as steel, alloys, and electronic components, is essential to ensure the quality and performance of a valve. 

Key Players: Emerson, Flowserve, Schlumberger (SLB), IMI PLC, 

• Component Manufacturing and Machining: In this next stage, individual valve parts (bodies, stems, discs) are manufactured by casting, precision machining, and other methods. 

Key Players: Emerson, Flowserve, IMI, KSB, and Velan

• Testing and Certification: Here, the valves are subjected to all kinds of severe tests and inspections so that they measure up to performance requirements, safety requirements, and standards set by the industries at large. 

Key Players: HQTS and Inspection 4 Industry

• Maintenance and After-Sales Services: This phase entails providing support, repairs, and maintenance so that the valves installed can perform safely and efficiently. 

Key Players: Emerson Electric, Flowserve, IMI, KSB, and Crane

• Product Lifecycle Management: This gives the overall management of a product from conception down to end-of-life so that there is free data flow and integration of the various stages that constitute design, manufacture, and maintenance.

Key Players: Siemens, PTC, Aras, and Autodesk

Material Type Insights

Steel industrial valves garnered the maximum revenue share in the global industrial valve market in 2024. Presently, increasing demand for high-quality valves in pharmaceuticals, chemicals, food & beverages, and metals & mining industries to reduce the threat of contamination fuels the demand for steel valves and a similar trend of steel materials in industrial valve expected to be observed during the analysis period.

Stainless steel is tougher than other valve materials that include brass, ductile iron, cast iron, and copper pertaining to temperature tolerance and pressure rating. Thus, the demand of stainless steel valve is likely to witness high demand in water & wastewater treatment plants owing to their longer-lasting nature. In addition, they can withstand harsh chemicals, temperatures, and pressures coupled with hard water conditions due to its corrosion resistance quality.

Application Insights

Oil & gas sector accounted for the largest market value share in the year 2024 pertaining to increasing demand of energy along with flourishing growth of transportation sector. Further, rising drilling activities in the gulf countries also primarily boosts the growth of the segment. In addition, rising demand for longer pipelines, deeper wells, and lower production costs coupled with the technological enhancement in production, processing, and transportation have positively influenced the industrial valves market growth. Increasing pipeline installation and rising need for controlling & monitoring them from a centralized location propel the demand for smart valves in the oil & gas industry.

However, water & wastewater application encountered the fastest growth close to 6% over the forecast period. Increasing need for waste water treatment plants and need for isolating the equipment & pumps predicted to trigger the demand of industrial valves in the segment.

Industrial Valves Market Companies

• Avcon Controls Private Limited
• AVK Holding A/S
• Crane Co.
• Metso Corporation
• Schlumberger Limited
• Flowserve Corporation
• Emerson Electric Co.
• IMI plc
• Forbes Marshall
• The Weir Group plc.

Recent Developments:

• In September 2025, Ohio Valve Company opens Valve World Headquarters in Houston, aiming to be a global hub for innovation, operational excellence, and industry leadership in valve manufacturing.
  https://www.phcppros.com
• In January 2025, InflowControl introduced the Gas Autonomous Inflow Control Valve (Gas AICV®), the world's first autonomous flow control valve specifically designed for gas reservoirs.
  https://worldoil.com

Segments Covered in the Report

By Valve

• Butterfly Valves
• Ball Valves
• Globe Valves
• Gate Valves
• Check Valves
• Plug Valves
• Diaphragm Valves

By Material

• Cast Iron
• Alloy-Based
• Steel
• Others

By Application

• Water & Wastewater
• Oil & Power
• Food & Beverages
• Chemical
• Others

By Region

• North America
• Latin America
• Europe
• Asia-pacific
• Middle and East Africa