Global Valve Market to Hit $117.865 Billion by End of 2025

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

The report states that the global valve market 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 size is projected to hit USD 117.865 billion by the end of 2025, and will continue to be shaped by a range of macroeconomic and industry-wide factors. The global market is currently dominated by large and mid-sized suppliers and manufacturers.

Currently, these suppliers are focused on launching high-efficiency valves with enhanced pressure control performance. Additionally, leading international players are adopting 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 hold the largest share of the global valve market, with an expected CAGR of 6% from 2018 to 2026.

This rapid expansion is mainly fueled by the wider adoption of ball valves in residential applications for regulating flow in water distribution, gas supply systems and indoor heating networks. They are also widely deployed across vertical sectors such as wastewater management, pulp & paper manufacturing, and chemical processing.

Butterfly Valves

Butterfly valves are projected to record a CAGR of 7.0% over the forecast period. Butterfly control valves are used on a massive scale across industrial verticals including brine flow regulation, desalination systems, oil production & refining, and reverse osmosis processes.

Regional Market Outlook

The Asia-Pacific region will lead global growth, with an expected CAGR of 8.5%, driven by rising industrial infrastructure spending.

The global valve market is segmented into key regions: Asia-Pacific, North America, Latin America, Europe, the Middle East and Africa. Over the forecast period, Asia-Pacific will dominate the global market with a projected CAGR of 8.5%, supported by continuous industrial infrastructure investment growth across emerging economies such as China and India.

Steady growth is also anticipated for the European and North American markets in the coming years, driven primarily by technological advancements in valve manufacturing, alongside proactive corporate strategies adopted by regional enterprises.

Core Growth Drivers

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

(Source: International Pump & Valve Technical Intelligence)