GLOBAL VALVES MARKET (2026 - 2030)

The Global Valves Market was valued at USD 74.34 billion in 2025 and is projected to reach a market size of USD 92.73 billion by the end of 2030. Over the forecast period of 2026-2030, the market is projected to grow at a CAGR of 4.52%. 

The global valves market can be described as a wide industrial sector that revolves around the devices that are designed to control, guide, and regulate the movement of fluids in an unlimited number of critical applications. Over the past few years, the market has become a highly strategic component of the world's industrial infrastructure, which is determined by the increased modernisation, the growth of process industries, and the necessity to have reliable flow management systems. The most attractive aspect of this market is that it forms the silent workforce of the facilities that provide power to cities, fuel economies, water purification, production of necessities, and essential utilities.

Key Market Insights: 

Infrastructure renewals of water and wastewater systems are accelerating, and utilities are now placing more capital investments in treatment, pipeline renewal, and desalination, which is contributing to a long-term demand for control, isolation, and corrosion-resistant valves.

Market Drivers:  

The world market of valves is also developing because of the growth and modernisation of large-scale industrial networks.

The need to have more accurate, dependable, and durable flow-control elements is being requested by the operators across the energy systems, fluid-intensive industries, growing utility infrastructure, and other fields. This increasing demand is based on the nature of how the modern facilities currently operate, complicated processes, increased pressures, increased automation, and reduced performance margins. Valves that were previously used to perform simple on and off functions are now expected to perform critical flow management, protection of high-value assets and continuity of operations. Due to the increase in the size of industrial centres in the most emerging regions and the reconstruction of the older pipelines towards the more modernised industry, there is a demand not only in traditional mechanical designs, but in engineered materials that may resist corrosive media, thermal extremes, and continuous duty cycles. This hardware drive hardens valves as key components in the systems whose efficiency, safety, and integrity of the process can no longer be blamed.

The digital revolution has already touched the valves domain and driven a new wave of automation-prepared and sensor-enabled solutions demands.

The plants in the modern world are incorporating intelligent elements to aid real-time monitoring, predictive maintenance, and smooth integration with process-control systems. The valves that have the capability to communicate performance information, adapt to load changes, and detect the emergence of wear and tear can be of significant benefit to the industries that desire uninterrupted production. The reason behind this digital transformation is also the shortage of the workforce, the necessity of managing it remotely, and the increased use of advanced manufacturing platforms. As companies consider data-driven operations, the trend is shifting towards valves that are constructed with more sophisticated actuation platforms, baked-in intelligence, and integration into larger industrial IoT systems. These technologies are assisting in minimising the uncertainty in the operations, maximising the lifespan of equipment, and increasing the overall efficiency of the process, cementing their position as core enablers of the next generation of industrial automation.

Market Restraints and Challenges: 

With end-use industries requiring high-quality valves that can withstand corrosive media, extreme temperatures, or high-pressure conditions, manufacturers must resort to high-quality alloys, corrosion-resistant coatings, and complex machining. This pushes the cost of production, and the prices of existing suppliers, as well as new entrants, are under severe strain. Moreover, most of the industries that use valves, especially the heavy industrial sectors, are cyclical in nature. When there is a slowdown in the oil and gas or power generation projects, the procurement delays in the supply chain spread to the volumes of the orders and the production planning. The other limitation is due to long replacement periods; the contemporary valves are becoming more durable, and this restricts the frequent opting for renewal by their manufacturers. Meanwhile, stricter regulations at the global level demand observing the new safety, emission and performance standards, which may entail certification overhead and time-consuming product development. All these combine to form an outline of economic and operational constraints that are to be handled by the company in a strategic manner to enable it to remain competitive.

Market Opportunities: 

The significant opportunity is customised solutions in regulated and mission-critical segments where tolerances to performance are uncompromising. Medical services, pharmaceuticals, food and beverage, and chemical advanced processing needs valves that fulfil demanding cleanliness, traceability, and safety requirements-areas in which the suppliers of commodities do not perform well. A valve company is able to dictate a premium price and a long-term contract by coming up with certified production lines, strict documentation habits and a product family that will be validated. Likewise, the water and wastewater infrastructure projects around the globe require strong and low-maintenance types of valves that cannot be easily fouled and do not face changing loads; catering to municipal programs with smart retrofit packages allows the manufacturers to earn both the scale of the public sector and the regular maintenance upkeep revenue. Customisation is important: even minor engineering modifications, such as finishes on the surface, seat materials, or compact actuation choices, can distinguish a product during tender processes. Developing a consultative sales strategy, in which the engineers work closely with customers at the beginning stages of the specifications, cuts down the specification periods and increases the rate of winning.

GLOBAL VALVES MARKET 

Segmentation by Valve type 

1. Ball valves
2. Gate valves
3. Globe valves
4. Butterfly valves
5. Check valves
6. Control valves

The segment most adopted is the ball valves, and the category that is growing at the fastest rate is the control valves. Within the context of the wider scope of industrial flow management, the type of valve used can be described as a defining factor of the establishment of operational reliability in industries. The reason why ball valves still lead is that they are designed in a durable manner, they can easily shut off, and also it is perfectly compatible with the hard oil, gas, and water processes. Gate and globe valves are moderately relevant where isolation and throttling processes are paramount and enhance the stability of infrastructure in the long term. The uptake of butterfly valves in utilities and HVAC systems is due to their small profile and the low cost of installation. Check valves assist in maintaining system integrity by averting reverse flow, which is a quiet guardian in pipes. In the meantime, control valves undergo accelerated development, as industries shift towards data-driven, automated settings with a need to have a specific flow modulation. The combination of these with smart sensors, digital controllers, and remote-operated systems is transforming the process industries and allowing predictive maintenance practices. The combination of these types of valves constitutes a complete ecosystem as it allows sustaining both current and modernisation activities in the industry.

Segmentation by Material

1. Stainless steel
2. Carbon steel
3. Alloy materials
4. Cast iron
5. Cryogenic and speciality materials

Stainless steel is the most commonly used material, and the category of material that is experiencing the greatest development is the cryogenic and speciality materials. The selection of materials influences the performance, durability and safety of diverse applications of valves in the critical conditions; therefore, this segmentation is the focus of industrial design strategies. Stainless steel remains the leader due to its resistance to corrosion, high mechanical characteristics and the ability to be processed in the chemical environment, water treatment, and food-grade conditions. Carbon steel comes next, and it is used in high-pressure energy and infrastructure developments where it is needed to be strong as well as cost-efficient. Alloy materials are dedicated to specific work, which provides a higher level of resistance to temperature peaks and corrosive substances. Cast iron is still a viable option in large urban systems and HVAC networks, where low-cost rigidity provides extended life. Meanwhile, cryogenics and other specialised materials are becoming more popular as the industries move towards LNG, hydrogen transportation, and low-temperature process systems. These high-tech materials facilitated changing energy transitions as they allowed the use of the valves with high reliability under the leading thermal changes. This diversity of material base makes the market keep up with the new performance demands without losing confidence in engineering bases.

 Segmentation by Application

1. Oil and gas
2. Water and wastewater
3. Power generation
4. Chemicals and petrochemicals
5. Pharmaceuticals
6. Food and beverage
7. Mining and metals
8. HVAC and building utilities

The biggest application segment is still oil and gas, although pharmaceuticals have become the most rapidly developing demand. The size and orientation of the valve technologies are influenced by applications, depending on the intensity of functioning of this or that industry. The drilling, refining and pipeline safety oil and gas operations have rugged valve assemblies, which are the foundation of worldwide demand. Valves are required in water and wastewater networks to control the pressure of distribution and manage the risk of contamination, and to facilitate the growth of municipal infrastructure. Precision flow management is still needed to keep the power generation plants efficient as well as comply with the changing regulatory requirements. The variety of types of valves used in the petrochemical and chemical processes is enormous due to the need to move through corrosive environments and multi-phase reactions. Different plants in the food and beverage industries put heavy emphasis on hygiene-based design that guarantees purity of the product, whereas mining and metals industries depend on robust design that can withstand harsh slurries. Valves are used in HVAC and building utilities to control temperature and provide energy efficiency and comfort to occupants. Pharmaceuticals are also rapidly rising, whereby sophisticated valves are employed to accommodate high standards of sterility, batching and clean room procedures.

Market Segmentation: Regional Analysis: 

1. North America 
2. Europe 
3. Asia-Pacific 
4. South America 
5. Middle East & Africa 

Asia Pacific is the country with the most significant presence in the market, and the Middle East & Africa is the region with the highest growth rates. The industrial maturity, levels of investment and level of infrastructure development are all manifested in regional dynamics. Asia Pacific is the biggest with its huge manufacturing base, energy projects, city upgrades and fast industrialisation in China, India and Southeast Asia. The diversification of industry all over the region contributes to the active demand for various types of valves and innovative automation systems. The North American region is also in good pace with technology upgrades and digital retrofit, and sustainability-based enhancements in utilities and process plants. Europe has been a hub of engineering excellence, and this has focused on efficiency, high material content and a high level of compliance with all regulations in the industrial operations. South America enjoys the growth of mining operations and energy projects that provide a stable environment in various sectors. In the meantime, the Middle East & Africa are growing rapidly because of the massive desalination projects, petrochemical developments, and infrastructure renewal projects. Collectively, these regional developments point to a market that is characterised by not only established industrial foundations but also a market whose economic environment is quickly changing.

COVID-19 Impact Analysis: 

The COVID-19 pandemic changed the way the valves industry is seen in the world in a manner that reverberated through the industries, compelling manufacturers, suppliers and end users to reconsider their modulation of operations. Upon the crisis, the first effect was the dire interruption in the supply chains, especially of the components that were produced using stainless steel, carbon steel, alloy materials and other valve-grade metals. In key manufacturing centres, factories were either slowed or closed, which caused a delay in production, which spread to the industries that heavily depended on ball, gate, globe, butterfly, check, and control valves. Some of the worst affected were the oil and gas projects, as demand went down and pipeline and refinery extensions were halted or postponed. Simultaneously, power plants, chemical and petrochemical plants, and mining ventures faced labour shortages and transportation bottlenecks, which complicated the possibility of performing regular maintenance and changing out equipment. Even HVAC and building utilities were made to change, and more focus was put on energy efficiency and better air handling in both commercial and residential buildings. With the start of the economy's recovery, the market was at the point of the turn: the companies did not consider the valves as simple parts and instead treated them as strategic assets that could be digitalised. The trend was towards remote monitoring, predictive maintenance and smart valve technologies as operators of the plants tried to minimise the number of humans needed onsite and to guarantee operation continuation in the event of future disturbances.

Latest Trends and Developments: 

The international valve market is experiencing a dynamic change, which is triggered by a combination of industrial modernisation, digital intelligence, and energy priorities. Although the oil and gas industry, water management, power generation, and processing industries have long-term demand, which offers it a steady background, the market is also being impacted by automation, sustainability pledges and the demand to have more resilient infrastructure. Attachment of smart sensor-based valve systems is rapidly transitioning toward manufacturers, providing real-time information on performance, enabling operators to optimise processes, detect early wear indications, and reduce high levels of unplanned downtime. Predictive maintenance is also becoming quite popular as an increasing number of plants switch to data-driven approaches to assets, where avoiding the failure of one piece of equipment can pay off more than the digital improvements. It is also redefining the product portfolio, whereby the growing popularity of cryogenic valves in LNG development and blistering hydrogen-ready designs is more centred on ultra-low leakage, better sealing solutions, and high-integrity material.

Key Players in the Market: 

1. Emerson Electric Co.
2. Flowserve Corporation
3. SLB (Schlumberger)
4. IMI plc
5. KSB SE & Co. KGaA
6. KITZ Corporation
7. Velan Inc.
8. Crane Co.
9. Spirax-Sarco Engineering plc
10. AVK Group

Market News: 

Mar 12, 2025 Emerson finalises its acquisition of AspenTech at $265.00/share in an all-cash deal, which analysts valued at about 7.2 billion dollars to complete the deal, a decision which expands the Emerson automation and control software portfolio.

IMI plc announced on 27 February 2025, organic revenue increased by 4 per cent in calendar 2024, which highlights continuous demand in engineered fluid and motion control industries and indicates better momentum in the margin.

Flowserve announced a solid quarterly trading outlook, and bookings have increased 12.7 per cent to $1.20 billion during the quarter reported on that date, reflecting healthy aftermarket and project activity.

The company, which is focused on severe-service valves, acquired MOGAS Industries on October 15, 2024, in a deal valued at $290.0 million (with a possible earn-out of up to 15.0 million) to enhance its portfolio and aftermarket coverage.