1 INTRODUCTION 16
1.1 STUDY OBJECTIVES 16
1.2 DEFINITION 16
1.3 STUDY SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 GEOGRAPHIC SCOPE 18
1.3.3 YEARS CONSIDERED 18
1.4 CURRENCY 18
1.5 LIMITATIONS 19
1.6 MARKET STAKEHOLDERS 19

2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Secondary sources 21
2.1.2 PRIMARY DATA 21
2.1.2.1 Primary sources 22
2.1.2.2 Breakdown of primaries 23
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 24
2.2.2 TOP-DOWN APPROACH 25
2.2.3 MARKET SHARE ESTIMATION 25
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 26
2.4 RESEARCH ASSUMPTIONS 27

3 EXECUTIVE SUMMARY 28

4 PREMIUM INSIGHTS 32
4.1 ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL VALVE MARKET 32
4.2 INDUSTRIAL VALVE MARKET, BY MATERIAL 32
4.3 INDUSTRIAL VALVE MARKET, BY VALVE TYPE 33
4.4 INDUSTRIAL VALVE MARKET, BY VALVE SIZE 33
4.5 INDUSTRIAL VALVE MARKET, BY INDUSTRY 34
4.6 INDUSTRIAL VALVE MARKET IN NORTH AMERICA, BY COUNTRY AND INDUSTRY, 2023 35
4.7 INDUSTRIAL VALVE MARKET, BY GEOGRAPHY (2018–2023) 36
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5 MARKET OVERVIEW 37
5.1 INTRODUCTION 37
5.2 MARKET DYNAMICS 37
5.2.1 DRIVERS 38
5.2.1.1 Increased need for industrial valves from oil and gas production-related facilities in GCC countries 38
5.2.1.2 Elevated energy demand in APAC 38
5.2.1.3 Smart city development initiative across the world 39
5.2.1.4 High demand for predictive maintenance techniques from manufacturing industries 39
5.2.1.5 Stringent environmental and safety regulations to make energy sector more resilient 39
5.2.2 RESTRAINTS 40
5.2.2.1 Lack of standardized certifications and government policies 40
5.2.2.2 Slowdown in oil and gas extraction 40
5.2.2.3 Downtime due to repair and maintenance 40
5.2.3 OPPORTUNITIES 40
5.2.3.1 Integration of IIoT technology in industrial valves 40
5.2.3.2 Use of 3D printing in manufacturing sector 41
5.2.3.3 Constant need for valve replacement 41
5.2.3.4 Increase in number of refineries and petrochemical plants 41
5.2.3.5 Rise in the discovery of global offshore oil reserves 42
5.2.4 CHALLENGES 42
5.2.4.1 Minimization of lead times 42
5.2.4.2 High cost of fabrication 42
5.2.4.3 Existence of manufacturers providing low-priced valves 43
5.2.4.4 Duplication of technology 43

6 INDUSTRY TRENDS 44
6.1 INTRODUCTION 44
6.2 VALUE CHAIN 44
6.3 CONSUMER BUYING PROCESS 46
6.4 IOT IMPACT ON INDUSTRIAL VALVE MARKET 47

7 INDUSTRIAL VALVE MARKET, BY MATERIAL 48
7.1 INTRODUCTION 49
7.2 STAINLESS STEEL 50
7.3 CAST IRON 51
7.4 CRYOGENIC 52
7.5 ALLOY BASED 53
7.6 OTHERS 54
7.6.1 BRASS 55
7.6.2 BRONZE 55
7.6.3 PLASTIC 55

8 INDUSTRIAL VALVE MARKET, BY VALVE TYPE 56
8.1 INTRODUCTION 57
8.2 BALL VALVES 58
8.3 BUTTERFLY VALVES 59
8.4 CHECK VALVES 60
8.5 DIAPHRAGM VALVES 61
8.6 GATE VALVES 62
8.6.1 STANDARD PLATE GATE VALVES 62
8.6.2 WEDGE GATE VALVES 63
8.6.3 KNIFE GATE VALVES 63
8.7 GLOBE VALVES 64
8.8 PLUG VALVES 65
8.9 SAFETY VALVES 66

9 INDUSTRIAL VALVE MARKET, BY SIZE 67
9.1 INTRODUCTION 68
9.2 UP TO 1” 70
9.3 1–6” 70
9.4 6–25” 70
9.5 25–50” 70
9.6 50” AND LARGER 70

10 INDUSTRIAL VALVE MARKET, BY INDUSTRY 71
10.1 INTRODUCTION 72
10.2 OIL & GAS 73
10.3 WATER & WASTEWATER TREATMENT 79
10.4 ENERGY & POWER 82
10.5 CHEMICALS 87
10.6 FOOD & BEVERAGES 90
10.7 PHARMACEUTICALS 93
10.8 CONSTRUCTION 96
10.9 AGRICULTURE 100
10.10 PULP & PAPER 102
10.11 METALS & MINING 105
10.12 OTHERS 108
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11 GEOGRAPHIC ANALYSIS 111
11.1 INTRODUCTION 112
11.2 NORTH AMERICA 113
11.2.1 US 115
11.2.2 CANADA 117
11.2.3 MEXICO 118
11.3 EUROPE 120
11.3.1 UK 123
11.3.2 GERMANY 124
11.3.3 FRANCE 125
11.3.4 ITALY 126
11.3.5 REST OF EUROPE 127
11.4 ASIA PACIFIC 127
11.4.1 CHINA 130
11.4.2 JAPAN 131
11.4.3 SOUTH KOREA 132
11.4.4 INDIA 133
11.4.5 REST OF APAC 134
11.5 REST OF THE WORLD (ROW) 135
11.5.1 MIDDLE EAST 136
11.5.2 SOUTH AMERICA 137
11.5.3 AFRICA 137

12 COMPETITIVE LANDSCAPE 139
12.1 OVERVIEW 139
12.2 MARKET PLAYER RANKING ANALYSIS 140
12.3 COMPETITIVE SCENARIO 141
12.3.1 COMPETITIVE SITUATION AND TREND 142
12.3.2 ACQUISITIONS & EXPANSIONS 142
12.3.3 PRODUCT LAUNCHES AND DEVELOPMENTS 145
12.3.4 PARTNERSHIPS & COLLABORATIONS 146
12.3.5 OTHERS 146

13 COMPANY PROFILES 148
13.1 INTRODUCTION 148
(Business overview, Products offered, Recent developments, SWOT analysis, and MNM view)*
13.2 KEY PLAYERS 149
13.2.1 EMERSON 149
13.2.2 WEIR GROUP PLC 153
13.2.3 FLOWSERVE 156
13.2.4 CAMERON - SCHLUMBERGER 159
13.2.5 IMI PLC 162
13.2.6 SPIRAX SARCO 165
13.2.7 CRANE CO. 167
13.2.8 KITZ CORPORATION 169
13.2.9 METSO CORPORATION 171
13.2.10 NEWAY VALVE (SUZHOU) CO., LTD. 174
13.3 OTHER IMPORTANT PLAYERS 176
13.3.1 VELAN INC. 176
13.3.2 SAMSON AG 176
13.3.3 AVK HOLDING A/S 177
13.3.4 AVCON CONTROLS 178
13.3.5 FORBES MARSHALL 178
13.3.6 SWAGELOK 179
13.3.7 HAM–LET 180
13.3.8 DWYER INSTRUMENTS 180
13.3.9 KIM VALVES 181
13.3.10 APOLLO VALVES 181
*Details on Business overview, Products offered, Recent developments, SWOT analysis, and MNM view might not be captured in case of unlisted companies.

14 APPENDIX 182
14.1 DISCUSSION GUIDE 182
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 185
14.3 AVAILABLE CUSTOMIZATIONS 187
14.4 RELATED REPORTS 187
14.5 AUTHOR DETAILS 188