Australia Industrial Valves Market Insights Forecasts to 2033

• The Australia Industrial Valves Market Size was valued at USD 2,772.59 Million in 2023.
• The Market Size is Growing at a CAGR of 6.12% from 2023 to 2033
• The Australia Industrial Valves Market Size is Expected to Reach USD 5,021.63 Million by 2033

The Australia Industrial Valves Market Size is Anticipated to Reach USD 5,021.63 Million by 2033, growing at a CAGR of 6.12% from 2023 to 2033.

Market Overview

A mechanical device used in piping systems to regulate the flow of liquids, gases, or slurries is known as an industrial valve. As they make it easier to regulate and control gases and fluids in pipelines and other systems, industrial valves have become an essential part of many industries. As per the particular use of industrial valves, there are various types of valves such as globe valves, butterfly valves, check valves, and gate valves. By the capacity to regulate fluid flow, industrial valves enhance production processes, improve safety, and guarantee effective operations. Factors such as increased industrialization, expanding oil and gas exploration activities, rising infrastructure investments, increasing demand for water and wastewater treatment facilities, and the adoption of cutting-edge technologies for increased operational efficiency and safety expand the Australia industrial valves market.

Report Coverage

This research report categorizes the market for the Australia industrial valves market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Australia industrial valves market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Australia industrial valves market.

Driving Factors

Australia’s infrastructural development led to the expansion of the industrial valves market. Australia’s construction expansion which includes residential complexes, commercial buildings, and industrial facilities has raised the need for effective and dependable flow control systems. Industrial valves are essential for controlling the flow of liquids, gases, and other materials to maintain efficient operations and avoid any possible interruptions, industrial valves. Growing production activities and exploration, drilling, extraction, and refining operations in the oil, gas, and abundant natural resources leads to the expansion of Australia industrial valves market.

Restraining Factors

A skills gap is impeding the growth and expansion of Australia industrial valve market. The demand of the oil and gas, water and wastewater, and manufacturing industries is being hampered by due to the unskilled professionals in valve manufacturing, installation, and maintenance. This restraint could hamper the Australia industrial valve market.

Market Segmentation

The Australia industrial valves market share is classified into valve type, material type, and application.

• The globe valves segment is expected to hold the largest market share through the forecast period.

The Australia industrial valves market is segmented by valve type into globe valves, ball valves, butterfly valves, wedge gate valves, knife gate valves, and check valves. Among these, the globe valves segment is expected to hold the largest market share through the forecast period. This is attributed due to the high precision level provided by the globe valve which is commonly used in power generation, and chemical industries.

• The steel segment is expected to dominate the Australia Industrial Valves Market during the forecast period.       

Based on the material type, the Australia industrial valves market is divided into cast iron, steel, cryogenic, and alloy-based. Among these, the steel segment is expected to dominate the Australia industrial valves market during the forecast period. This is due to their durability, rigidity, and resistance to corrosion, steel valves are used at large movements which leads to the expansion of industrial valve market.

• The mining segment is expected to hold the largest market share through the forecast period.

The Australia industrial valves market is segmented by application into oil & gas, refinery, chemical, water, wastewater effluent, power generation, agriculture, and mining. Among these, the mining segment is expected to hold the largest market share through the forecast period. Australia is rich in mineral resources, and mining is seen as an important role in the country's economy. There is a huge range of industrial valves required for the activities of the processes of mining, which control flow in different liquid or gas applications, including the regulation of pressure and efficient management of operations.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Australia industrial valves market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Pentair Flow Control International Pty Limited
• AVK Australia Pty Ltd.
• Australian Valve and Engineering Pty Ltd.
• Australian Pipeline Valve
• AT&D Valves Australia
• Global Supply Line Pty Ltd
• Australian Valve Group
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Australia, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Australia industrial valves market based on the below-mentioned segments:

Australia Industrial Valves Market, By Valve Type

• Globe Valves
• Ball Valves
• Butterfly Valves
• Wedge Gate Valves
• Knife Gate Valves
• Check Valves

Australia Industrial Valves Market, By Material Type

• Cast Iron
• Steel
• Cryogenic
• Alloy-based

Australia Industrial Valves Market, By Application

• Oil & Gas
• Refinery
• Chemical
• Water
• Wastewater Effluent
• Power Generation
• Agriculture
• Mining