Valves Market Analysis & Forecast: 2025-2032

Valves Market is estimated to be valued at USD 82.17 Bn in 2025 and is expected to reach USD 130.23 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of 6.8% from 2025 to 2032.

Key Takeaways

• Based on Product Type, the Ball Valve segment is expected to account for 25.4% of the valves market share in 2025, driven by its outstanding versatility, reliability and efficiency in control.
• Based on Industry, the Oil & Gas industry segment is projected to hold largest share in the market in 2025, due to growing pipeline infrastructure.
• Based on Power, the Fossils segment is expected to capture the highest share in the market in 2025, due to its extensive application.
• Based on Region, Asia Pacific is projected to dominate the global valves market in 2025 with a 42.8% share, owing to the increasing consumption of media and entertainment content. While, Europe and North America are considered to be the fastest growing region during the forecast period.

Market Overview

Valves are typically used to control and regulate the flow of liquids, gases, and slurries. Valves find major applications in pipelines and piping systems to control the flow of fluid. Increasing government regulations towards workplace safety and emission norms have increased the installation of efficient valves in process and manufacturing industries. Valves can be classified on the basis of how they are actuated: solenoid valve, hydraulic, pneumatic, manual, and motor. One of the most ancient valves is a freely hinged flap, which obstructs the flow of fluid in one direction and can be pushed open by flow in the opposite direction.

Current Events and Their Impact on the Valves Market

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Role of Artificial Intelligence (AI) in the Valves Market

Integration of artificial intelligence in valve industry helps in enhancing various aspects from design and manufacturing to inspection and predictive maintenance. This integration leads to improved efficiency, accuracy, and cost reduction across the valve lifecycle. AI-powered generative design software can create multi-objective optimized valve designs, allowing for efficient and rapid prototyping of new valve types. Machine learning algorithms can analyze experimental or numerical data (like CFD simulations) to identify optimal valve configurations for specific flow performance requirements. 

In January 2025, At the SLAS2025 International Conference and Exhibition, Analytical Flow Products introduced a smart rotary shear valve featuring predictive seal loss monitoring, torque and flow sensing, and best position teaching. This AI-enabled valve enhances precision and reliability in automated laboratory processes.

Export Import Analysis of Valves

In 2023, the global valve trade reached $108 billion, marking a 1.14% rise from $107 billion in 2022. Over the past five years, valve trade has grown at an average annual rate of 2.48%. Out of 1,217 traded products in 2023, valves ranked 28th in global trade value, representing 0.48% of total world trade. Based on the Product Complexity Index (PCI), valves were the 77th most complex product among 1,044 items, with a PCI score of 1.35.

Between November 2023 and October 2024, India exported 178,944 shipments of industrial valves through 1,212 exporters to 6,636 buyers, reflecting an 8% increase compared to the previous year. In October 2024 alone, India shipped 14,906 industrial valve exports, showing an 18% year-on-year growth from October 2023 and no change from September 2024.

Segmental Analysis

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Valves Market Insights, By Product Type: Ball Valve Segment Acquires the Largest Share Owing to its Versatility and Reliability

In terms of product, the ball valve segment is expected to contribute 25.4% share of the market in 2025, owing to its versatility, reliability, and efficiency in controlling fluid flow across various industries. They are particularly favored for applications involving hazardous materials, where their tight seals and quick shut-off capabilities ensure safety and minimize leakage. Their versatility in design also makes them an affordable choice. Ball valves are worth the investment as they remain durable and functional for a considerable amount of time.

In February 2025, Valmet introduced the Neles™ XH ball valve, the latest addition to its X-series, designed for demanding industrial applications such as chemical processing, petrochemicals, oil and gas refining, and power generation. This trunnion-mounted, metal-seated valve complies with ASME Class 600 standards and ISO 15848 fugitive emissions requirements, ensuring robust performance and environmental compliance.

Valves Market Insights, By Industry: Oil & Gas Dominates the Market Owing to Growing Demand for Pipeline Infrastructure

In terms of industry, the oil & gas segment is expected to have highest share in the market in 2025, driven by pipeline infrastructure. The oil and gas industry requires control valves as critical components for upstream and downstream operations to manage high-pressure systems and volatile substances safely. Treatment facilities use them to manage chemical dosing and maintain flow rates essential for water purification. The oil and gas industry requires control valves as critical components for upstream and downstream operations to manage high-pressure systems and volatile substances safely. Treatment facilities use them to manage chemical dosing and maintain flow rates essential for water purification. Oil and natural gas supply more than 60% of our nation's energy. It takes the right kind of valves to make this amount of usage possible, which is further accelerating the valves market growth.

Valves Market Insights, By Power: Fossil Segment Dominates the Overall Market

In terms of power, the fossil segment is anticipated to hold the largest share in the market in 2025, owing to the extensive valve application across upstream, midstream, and downstream operations, including exploration, production, refining, and transportation. The fossil segment encompasses of, coal & oil, natural gas, and nuclear power. Valves help meet the extreme requirements of the fossil power industry. Benefits include saving time & money, increasing plant reliability and safety.

Regional Insights

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Asia Pacific Valves Market Analysis & Trends

Asia Pacific region had a strong presence in the industry, with the largest market share of over 42.8 % of total revenue, owing to increasing consumption of media and entertainment content, particularly among the middle-class population in the region. Besides this, the industry is also benefiting from the growing demand for technologically advanced plumbing solutions that offer high quality, functionality, and affordable pricing.

In April 2024, Sloan Valve Company, a leader in plumbing solutions, opened its flagship facility in Gurugram via its subsidiary, Sloan India Private Limited.

Europe Valves Market Analysis & Trends

Europe region is projected to leader the market with the highest share in 2025. The valves market in Europe is experiencing constant growth, driven by advancement in automation, energy efficiency mandates and infrastructures modernization within various industries. For instance, German companies have automated 43% of their manufacturing processes, closely followed by the Netherlands at 41% and Italy at 40%. This further propels the valves market demand.

North America Valves Market Analysis & Trends

North America is expected to exhibit the fastest growth in the valves market in 2025. The region is showcases expansion in market growth due to industrial expansion and infrastructure development across key sectors like oil and gas, power generation, and manufacturing. Increasing automation, safety regulations, and advancements in fluid control technology also contribute to this demand. In April 2025, U.S. industrial production increased by 1.50% year-over-year, with utilities leading the growth. For instance, in April 2025, John Deere has announced a USD 20 billion investment over the next decade to expand its U.S. manufacturing capabilities, including new factories and facility upgrades across multiple states, reflecting a significant growth towards industrial and infrastructure development.

United States Valves Market Trends

The United States valves market is experiencing significant growth, driven by several key factors shaping industry demand. One major driver is ongoing infrastructure development across the country. Large-scale projects in sectors such as water treatment, oil and gas pipelines, and renewable energy facilities require reliable and efficient valve systems to ensure safe and continuous operations. For example, expanding pipeline networks in Texas and California are fueling valve demand. Another crucial growth factor is the booming energy sector, particularly shale gas and oil production, which depends heavily on advanced valves for precise fluid control and safety under harsh conditions.

Belimo Americas introduced a new 6-way pressure-independent control valve featuring hydronically decoupled heating and cooling circuits with an innovative ball design. It ensures 100% leakage protection when closed, enhancing efficiency and reducing energy costs.

Market Report Scope

Global Valves Market Drivers

• Industrial Growth: The rapid expansion of industrial sectors, particularly in emerging economies, has a significant impact on the valves market. As these industries grow, they require valves for various applications, such as manufacturing, oil and gas exploration, and power generation. Valves play a crucial role in controlling and regulating fluid flow within these industries. The increasing demand for valves in these sectors drives the growth of the valves market, making it a vital component of the overall industrial development and infrastructure expansion.
• Industrial Automation: Technological advancements in the valves industry have led to the development of innovative valve solutions. Smart valves incorporate digital technology to provide real-time data and control, enhancing their efficiency and performance. Remote monitoring allows for the remote management and surveillance of valve operations, improving safety and reducing maintenance costs. Additionally, predictive maintenance capabilities utilize data analytics to anticipate potential valve failures, enabling proactive maintenance, and reducing downtime.

Global Valves Market Opportunities

• Technological Advancements: As mentioned earlier, the integration of advanced technologies like smart valves, IoT-enabled solutions, and predictive maintenance capabilities presents opportunities for manufacturers to offer more sophisticated and efficient valve products. Companies that can innovate and provide cutting-edge valve solutions may gain a competitive advantage.
• Industrial Automation: The growing trend of automation in various industries has led to a demand for valves that can effectively integrate with automated systems. These valves need to be equipped with advanced control and automation capabilities to function seamlessly within the automated processes. They should be able to respond to signals from automated systems, adjust fluid flow, and carry out specific tasks without human intervention. Valves that can offer efficient and reliable automation are likely to be in high demand as industries seek to optimize their operations, improve efficiency, and reduce manual labor requirements.

Global Valves Market Trends

• Rise of Smart Valves: The integration of industrial IoT technology and digital connectivity into valves has given rise to smart valves. These valves can provide real-time data, remote monitoring, and automated control, enabling more efficient and predictive maintenance, reducing downtime, and optimizing industrial processes.
• Sustainable and Eco-Friendly Valves: With increasing environmental concerns, there was a trend towards the development of more sustainable and energy-efficient valves. Manufacturers were focusing on eco-friendly materials and designs to reduce emissions and minimize environmental impact.

Key Developments

• In April 2025, Helios Technologies, through its operating company Sun Hydraulics, expanded its electro-proportional cartridge valve offerings. The new RPEP and RPEN series are designed for industrial press and mobile equipment applications, rated up to 5000 psi. These valves enhance operational performance and are compatible with the XMD Mobile Driver, co-developed with Enovation Controls.
• In February 2025, Emerson unveiled the Anderson Greenwood Type 84 Pressure Relief Valve (PRV), designed to protect tanks and vessels in hydrogen and other high-pressure gas applications. The valve offers leak-tight performance up to 21,756 psig, utilizing Arlon® 3000XT thermoplastic seating and ASME SA-479 Type S21800 stainless steel spindle material.
• In February 2025, Marotta Controls announced the delivery of its 50,000th CoRe® Flow Control valve to Rocket Lab. The CoRe valves, introduced in 2018, are solenoid valves designed for commercial launch vehicle applications. Marotta has been supplying hardware to Rocket Lab since 2020, supporting the Neutron program and expanding its product offerings to meet the evolving needs of the space industry.
• In January 2025, InflowControl introduced the Gas Autonomous Inflow Control Valve (Gas AICV®), marking a significant advancement in gas reservoir management. This technology enables efficient gas production by autonomously managing water breakthrough, maintaining reliable and stable production while improving profitability for operators.

Analyst Opinion (Expert Opinion)

• The valves market is undergoing a strategic realignment—not just a technological evolution. What was once a commoditized component in industrial systems is now a frontline enabler of automation, emissions control, and energy efficiency. The transition from mechanical to intelligent valve systems is not a trend; it’s an inevitability.
• Companies like Emerson and Flowserve are already deploying IoT-enabled valves in refineries where a single unplanned shutdown can cost upwards of USD 1 million per day. In such environments, a valve that talks back—predicting leaks or signaling wear—is not a luxury but a line-item ROI driver.
• Chinese manufacturers have flooded the market with low-cost industrial valves, with price points often 25–40% below international averages. While they’ve captured significant volume—especially across Southeast Asia and Africa—their penetration into high-integrity markets like pharmaceutical, nuclear, and aerospace remains minimal. The reason is simple: inconsistency in metallurgy standards and failure to comply with ASME, PED, and ISO 15848 norms.
• Multinational OEMs continue to rely on German, Japanese, and U.S. valve manufacturers for critical applications, despite the upfront cost, because lifecycle cost remains the differentiator. A valve failure in LNG transfer can have environmental and reputational consequences far beyond hardware replacement costs.
• Most “green hydrogen” pilot plants today are under 100 MW—but scalability to gigawatt levels over the next decade will fundamentally alter the valves market’s metallurgy profile. Hydrogen embrittlement is a real issue, and traditional carbon steel valves are fundamentally unfit for purpose in this domain. High-performance alloys like Hastelloy, Inconel, and duplex stainless steel are expected to see a sharp spike in demand, especially for high-pressure (>700 bar) applications.
• Firms like IMI Critical Engineering are already prototyping cryogenic valves tailored for hydrogen at temperatures below –253°C. Expect valve portfolios to bifurcate—one for conventional fossil-fuel systems, and one engineered from scratch for green molecules.

Market Segmentation

• Global Valves Market, By Product Type
  • Pressure Reducing Valves
  • Safety/Relief Valves
  • Control Valves
  • Globe Valves
  • Plug Valves
  • Gate Valves
  • Ball Valves
  • Butterfly Valves
  • Diaphragm Valves
  • Other Valves
• Global Valves Market, By Industry
  • Oil & Gas
  • LNG
  • Petroleum
    • Upstream
    • Midstream
    • Downstream
    • Petrochemical
• Global Valves Market, By Power
  • Fossils
    • Coal & Oil
    • Natural Gas
    • Nuclear Power
    • Other Power
  • Chemicals
  • Marine
  • Construction
  • Pulp & Paper
  • Mining
  • Water & Waste Water Treatment
  • Others
• Global Valves Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
•  Key Companies Insights
  • Schlumberger Limited
  • Goodwin International Ltd
  • Honeywell International Inc.
  • General Electric Company
  • Emerson Electric Co.
  • Rotork Plc
  • KITZ Corporation
  • AVK Holding A/S
  • Bürkert Fluid Control Systems
  • Flowserve Corporation.

Sources

Primary Research

Interviews from the following stakeholders:

Stakeholders:

• Interviews with industrial valve manufacturers, process engineers, maintenance supervisors, plant managers, OEMs, EPC contractors, and procurement heads across key global markets.

Databases:

• UN Comtrade Database
• World Bank – Industry and Infrastructure Statistics
• U.S. Energy Information Administration (EIA)
• Eurostat – Industrial Equipment and Energy Sector Data
• Ministry of Heavy Industries (India)
• Japan Ministry of Economy, Trade and Industry (METI)
• Korea Statistical Information Service (KOSIS)
• China National Bureau of Statistics
• Directorate General of Commercial Intelligence and Statistics (DGCIS), India

Magazines:

• Valve World
• Flow Control Magazine
• Industrial Process News
• Hydrocarbon Processing
• World Pumps
• Processing Magazine
• Plant Engineering
• Power Engineering International

Journals:

• Journal of Manufacturing Science and Engineering (ASME)
• Journal of Mechanical Engineering Science
• ISA Transactions – The Instrumentation, Systems, and Automation Society
• Journal of Pressure Vessel Technology
• International Journal of Fluid Machinery and Systems

Newspapers:

• The Wall Street Journal – Energy & Industry
• Financial Times – Global Industry & Infrastructure
• The Economic Times – Heavy Industry & Manufacturing
• Nikkei Asia – Equipment and Engineering News
• Business Standard – Industrial Equipment & Power Sector Reports
• South China Morning Post – Manufacturing and Energy Coverage

Associations:

• International Society of Automation (ISA)
• Valve Manufacturers Association of America (VMA)
• European Sealing Association (ESA)
• Confederation of Indian Industry (CII) – Capital Goods Sector
• International Association for Hydraulic Research (IAHR)
• Indian Pump and Valve Manufacturers Association (IPVMA)
• International Fluid Power Society (IFPS)
• Japan Machinery Center for Trade and Investment (JMC)

Public Domain Sources:

• U.S. Department of Energy – Industrial Technologies Program
• Ministry of Petroleum and Natural Gas (India)
• Department for Business and Trade (UK) – Industrial Engineering Reports
• NITI Aayog – Capital Equipment Sector Notes
• Reserve Bank of India – Industrial Output Analysis
• EU Industrial Policy Observatory – Equipment and Engineering Focus
• National Institute of Standards and Technology (NIST), U.S.
• India Investment Grid – Heavy Engineering and Equipment Listings

Proprietary Elements:

• CMI Data Analytics Tool, and Proprietary CMI Existing Repository of information for last 8 years

*Definition: The global valves market refers to the industry that deals with the production, distribution, and sale of various types of valves used in a wide range of applications across different sectors. Valves are mechanical devices designed to regulate, control, or direct the flow of fluids (liquids, gases, or slurries) through a system of pipes or passageways. These valves play a crucial role in controlling the flow rate, pressure, temperature, and direction of the fluid within pipelines and other industrial processes. They are used in industries such as oil and gas, water and wastewater treatment, power generation, chemical processing, pharmaceuticals, mining, and many more.