North America Industrial Valve Market Insights Forecasts to 2033

• The North America Industrial Valve Market Size was valued at USD 23,198.34 Million in 2023
• The Market is Growing at a CAGR of 6.6% from 2023 to 2033
• The North America Industrial Valve Market Size is Expected to Reach USD 44,198.34 Million by 2033

The North America Industrial Valve Market Size is Anticipated to Reach USD 44,198.34 Million by 2033, Growing at a CAGR of 6.6% from 2023 to 2033.

Market Overview

Industries use mechanical devices known as industrial valves to control the flow of fluids such as liquids, gases, and slurries through piping systems. They control the flow by widening, narrowing, or partially blocking the passage. They can also adjust temperature, pressure, and backflow. Gate valves, globe valves, ball valves, and butterfly valves are just a few of the many sizes and types of valves. They are critical components in industries such as oil and gas, water treatment, power generation, and manufacturing because they control fluid flow and maintain system integrity, ensuring process safety and effectiveness. The North America industrial valve market is expected to grow rapidly due to factors such as the expansion of the oil and gas sector, ongoing infrastructure development projects, the modernization of the manufacturing sector, and a growing emphasis on sustainability. One significant driver is the growth of the oil and gas sector, particularly shale oil and gas exploration. The demanding processes in these industries necessitate dependable valves to manage fluid flow under high pressure and corrosive conditions, resulting in a steady demand for various valve types.

Report Coverage

This research report categorizes for the North America industrial valve 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 North America industrial valve 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 North America industrial valve market.

Driving Factors

Industrial valve demand is being driven by the growth and expansion of industries such as oil and gas, petrochemicals, power generation, water and wastewater treatment, and manufacturing. The demand for valves to control process parameters, regulate fluid flow, and ensure efficient and secure operations is increasing as these industries expand. Valves play an important role in these industries by starting, stopping, and modulating fluid flow, maintaining pressure and temperature levels, and preventing backflow or leakage. To support their expanding operations, these sectors' expanding industrial activities and infrastructure development directly contribute to the increasing demand for industrial valves. The demand for industrial valves is heavily influenced by technological advancements in valve design, materials, and automation. These advancements include new features and capabilities that improve valve performance, reliability, and control. Improved designs optimize fluid flow, which reduces energy consumption and increases efficiency.

Restraining Factors

Complex applications pose a significant challenge for the industrial valve sector. Additionally, because of the rapid advancement of technology, the industrial valve industry is constrained by technological obsolescence.

Market Segmentation

The North America industrial valve market share is classified into valve types and material.

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

The North America industrial valve market is segmented by valve types into gate valve, globe valve, ball valve, butterfly valve, diaphragm valve, check valve, plug valve, pinch valve, needle valve, pressure relief valve, and safety valve. Among these, the ball valve segment is expected to hold the largest market share through the forecast period. Ball valves are expected to dominate due to their simplicity, durability, and ease of maintenance, making them ideal for a wide range of applications.

• The carbon steel segment is expected to dominate the North America industrial valve market during the forecast period.       

Based on the material, the North America industrial valve market is divided into iron, ductile, cast iron, carbon steel, alloy, plastic, brass, bronze, copper, cryogenic, and aluminum. Among these, the carbon steel segment is expected to dominate the North America industrial valve market during the forecast period. Carbon steel is expected to remain the most popular material because of its strength, durability, and suitability for harsh industrial environments.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America industrial valve 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

• Emerson Electric Co.
• Flowserve Corporation
• Crane Company
• Powell Valves
• Curtiss-Wright.
• Mueller Co. LLC.
• Crane Co., CRANE ChemPharma & Energy Corp
• Bray International
• Dwyer Instruments LTD
• Watts.
• Bonney Forge Corporation
• NIBCO Inc.
• Others

Key Target Audience

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

Recent Developments

• In August 2022, FloWorks International LLC, a distribution platform for specialty flow control, announced the acquisition of Flotech Inc., a value-added distributor and industrial valve service provider. The company's product line includes industrial and isolation valves, gate valves, globe valves, check valves, actuation and controls, safety and relief valves, and more.

Market Segment

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

North America Industrial Valve Market, By Valve Types

• Gate Valve
• Globe Valve
• Ball Valve
• Butterfly Valve
• Diaphragm Valve
• Check Valve
• Plug Valve
• Pinch Valve
• Needle Valve
• Pressure Relief Valve
• Safety Valve

North America Industrial Valve Market, By Material

• Iron
• Ductile
• Cast Iron
• Carbon Steel
• Alloy
• Plastic
• Brass
• Bronze
• Copper
• Cryogenic
• Aluminum