Global Valve Market to See Steady 7.0% CAGR

Transparency Market Research (TMR) has recently released a comprehensive market research report analyzing the full dynamics of the global industrial valve market.

The report states that the global valve market size reached approximately USD 60.9061 billion in 2016. Analysts forecast that the market will register a steady Compound Annual Growth Rate (CAGR) of 7.0% over the 2018–2026 forecast period.

Driven by this robust growth momentum, the global valve market is projected to reach USD 117.865 billion by the end of 2025, and will continue to be shaped by a range of macroeconomic and industry-wide factors.

Market Landscape & Key Players

The global valve market is dominated by large and mid-sized suppliers and manufacturers, which are actively developing high-efficiency valves with enhanced pressure control performance. Leading international players are also pursuing aggressive growth strategies, including mergers, acquisitions and partnerships to expand their global business footprint.

Major active and well-known valve enterprises include:

Schlumberger, KITZ Corporation, Flowserve Corporation, AVK Holding A/S, Industrial Scientific, Goodwin International Ltd, General Electric Company, Rotork Plc, etc.

Product Segment Breakdown

Ball Valves to maintain leading market position

By product type, ball valves account for the largest share of the global market, with an expected CAGR of 6% during 2018–2026.

This rapid growth is primarily driven by their expanding adoption in residential applications for water, gas system and indoor heating flow regulation. They are also widely deployed across vertical sectors such as wastewater management, pulp & paper, and chemical manufacturing.

Butterfly Valves

Butterfly valves are anticipated to record a CAGR of 7.0% over the forecast period. They are used extensively across industrial verticals for brine flow control, desalination systems, oil production & refining, and reverse osmosis processes.

 Regional Market Outlook

- The Asia-Pacific region is expected to lead global growth, with a projected CAGR of 8.5%, fueled by rising industrial infrastructure investment.

- The global valve market is segmented into key regions: Asia-Pacific, North America, Latin America, Europe, the Middle East and Africa.

- Asia-Pacific’s strong expansion is attributed to continuous increases in industrial infrastructure spending across developing economies such as China and India.

- Steady growth is also projected for Europe and North America in the coming years, supported by technological advancements in valve manufacturing and proactive corporate strategic development in these regions.

       The growth of the global valve market is driven by multiple factors. One of the driving forces is the increase in oil and gas exploration activities, which mainly occur in North America, the Middle East and Africa. Valves are an essential component of onshore and offshore oil and gas exploration operations.