The Industrial Valves Market, valued at approximately USD 85.54 billion in 2024, is witnessing robust growth fueled by rising global demand for precision-engineered and smart valve solutions that support oil and gas, power generation, water and wastewater management, chemical processing, and industrial manufacturing, with Asia Pacific contributing over 40% of revenues. Asia Pacific dominates growth, accounting for more than 40% of revenues, propelled by China, India, and Southeast Asia through refinery expansions, power infrastructure investments, and water-treatment initiatives. In contrast, North America and Europe prioritize API, ASME, and ISO-certified high-performance valves, reflecting demand for regulatory-compliant and technologically advanced solutions, while emerging economies expand in commodity-grade valve segments.
Industrial Valves overview
Published by MMR Statistics Research Team, Updated