Table of Content


"1    INTRODUCTION    29
1.1    STUDY OBJECTIVES    29
1.2    DEFINITION    29
1.2.1    INCLUSIONS AND EXCLUSIONS    30
1.3    STUDY SCOPE    31
1.3.1    MARKETS COVERED    31
FIGURE 1    INDUSTRIAL VALVES MARKET SEGMENTATION    31
1.3.2    GEOGRAPHIC SCOPE    32
FIGURE 2    INDUSTRIAL VALVE MARKET: GEOGRAPHIC SEGMENTATION    32
1.3.3    YEARS CONSIDERED    32
1.4    CURRENCY    33
1.5    LIMITATIONS    33
1.6    STAKEHOLDERS    33
1.7    SUMMARY OF CHANGES    33
2    RESEARCH METHODOLOGY    35
2.1    RESEARCH DATA    35
FIGURE 3    INDUSTRIAL VALVE MARKET: RESEARCH DESIGN    35
2.1.1    SECONDARY AND PRIMARY RESEARCH    37
2.1.2    SECONDARY DATA    37
2.1.2.1    Major secondary sources    37
2.1.2.2    Key data from secondary sources    38
2.1.3    PRIMARY DATA    38
2.1.3.1    Breakdown of primaries    38
2.1.3.2    Key data from primary sources    39
2.1.3.3    Key industry insights    39
2.2    MARKET SIZE ESTIMATION    40
FIGURE 4    SUPPLY-SIDE ANALYSIS: INDUSTRIAL VALVES MARKET (1/2)    40
FIGURE 5    SUPPLY-SIDE ANALYSIS: INDUSTRIAL VALVES MARKET (2/2)    41
2.2.1    BOTTOM-UP APPROACH    41
2.2.1.1    Approach for arriving at market size through bottom-up analysis (demand side)    41
FIGURE 6    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    42
2.2.2    TOP-DOWN APPROACH    42
2.2.2.1    Approach for arriving at market size through top-down analysis (supply side)    42
FIGURE 7    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    43
2.3    MARKET BREAKDOWN AND DATA TRIANGULATION    43
FIGURE 8    DATA TRIANGULATION    43
2.4    RESEARCH ASSUMPTIONS    44
2.5    RISK ASSESSMENT    44
TABLE 1    LIMITATIONS AND ASSOCIATED RISKS    44
3    EXECUTIVE SUMMARY    45
FIGURE 9    INDUSTRIAL VALVES MARKET SIZE, 2017–2026    45
3.1    REALISTIC SCENARIO (POST-COVID-19)    46
TABLE 2    REALISTIC SCENARIO (POST-COVID-19): INDUSTRIAL VALVES MARKET, 2021–2026 (USD MILLION)    46
3.2    OPTIMISTIC SCENARIO (POST-COVID-19)    46
TABLE 3    OPTIMISTIC SCENARIO (POST-COVID-19): INDUSTRIAL VALVES MARKET, 2021–2026 (USD MILLION)    46
3.3    PESSIMISTIC SCENARIO (POST-COVID-19)    46
TABLE 4    PESSIMISTIC SCENARIO (POST-COVID-19): INDUSTRIAL VALVES MARKET, 2021–2026 (USD MILLION)    46
FIGURE 10    ON/OFF VALVES TO HOLD LARGER MARKET SHARE IN 2026    47
FIGURE 11    STEEL TO CAPTURE LARGEST SHARE OF INDUSTRIAL VALVES MARKET,
BY MATERIAL, IN 2026    48
FIGURE 12    GLOBE VALVES TO CAPTURE LARGEST SIZE OF INDUSTRIAL VALVES MARKET, BY TYPE, IN 2026    48
FIGURE 13    ACTUATORS TO DOMINATE INDUSTRIAL VALVES MARKET,
BY COMPONENT, IN 2026    49
FIGURE 14    1–6"" SIZED VALES TO CAPTURE LARGEST SHARE OF INDUSTRIAL VALVES MARKET, BY SIZE, IN 2026    50
FIGURE 15    ENERGY & POWER TO BE FASTEST-GROWING END-USER INDUSTRY
DURING FORECAST PERIOD    51
FIGURE 16    APAC TO HOLD LARGEST SHARE OF INDUSTRIAL VALVES MARKET IN 2026    52
4    PREMIUM INSIGHTS    53
4.1    ATTRACTIVE GROWTH OPPORTUNITIES IN INDUSTRIAL VALVES MARKET    53
FIGURE 17    INCREASED DEMAND FOR VALVES FROM HEALTHCARE AND PHARMACEUTICALS INDUSTRIES DUE TO COVID-19 PANDEMIC DRIVES INDUSTRIAL VALVES MARKET    53
4.2    INDUSTRIAL VALVES MARKET, BY FUNCTION    53
FIGURE 18    ON/OFF VALVES TO HOLD LARGER MARKET SHARE    53
4.3    INDUSTRIAL VALVES MARKET, BY MATERIAL    54
FIGURE 19    STEEL INDUSTRIAL VALVES TO HOLD LARGEST MARKET SIZE IN 2026    54
4.4    INDUSTRIAL VALVES MARKET, BY TYPE    54
FIGURE 20    GLOBE VALVES TO HOLD LARGEST MARKET SIZE IN 2026    54
4.5    INDUSTRIAL VALVES MARKET, BY COMPONENT    55
FIGURE 21    ACTUATORS TO HOLD LARGEST MARKET SHARE IN 2026    55
4.6    INDUSTRIAL VALVES MARKET, BY SIZE    55
FIGURE 22    1–6” INDUSTRIAL VALVES TO HOLD LARGEST MARKET SIZE IN 2026    55

4.7    INDUSTRIAL VALVES MARKET IN APAC, BY COUNTRY AND END-USER INDUSTRY    56
FIGURE 23    CHINA AND ENERGY & POWER TO ACCOUNT FOR LARGEST
MARKET SHARE IN APAC IN 2026    56
4.8    INDUSTRIAL VALVES MARKET, BY COUNTRY    56
FIGURE 24    US TO ACCOUNT FOR LARGEST SHARE OF GLOBAL INDUSTRIAL
VALVES MARKET IN 2026    56
5    MARKET OVERVIEW    57
5.1    INTRODUCTION    57
5.2    MARKET DYNAMICS    57
FIGURE 25    INDUSTRIAL VALVES MARKET: DRIVERS, RESTRAINTS,
OPPORTUNITIES, AND CHALLENGES    57
5.2.1    DRIVERS    58
5.2.1.1    Increasing demand for valves from healthcare and pharmaceuticals industries due to COVID-19 pandemic    58
5.2.1.2    Surging requirement of establishing new nuclear power plants and revamping existing ones    58
5.2.1.3    Rising need for connected networks to maintain and monitor industrial equipment    59
5.2.1.4    Rising adoption of automation technologies in process industries    59
5.2.1.5    Growing focus on development of smart cities globally    59
FIGURE 26    INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF DRIVERS    60
5.2.2    RESTRAINTS    61
5.2.2.1    Lack of standardized policies    61
FIGURE 27    INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF RESTRAINTS    61
5.2.3    OPPORTUNITIES    61
5.2.3.1    Use of IIoT and Industry 4.0 in industrial valves    61
5.2.3.2    Manufacturing of industrial valves through 3D printing    62
5.2.3.3    Expansion of refineries and petrochemical plants    63
5.2.3.4    Focus of industry players on offering improved customer services    63
5.2.3.5    Need for replacement of outdated valves and adoption
of smart valves    64
FIGURE 28    INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF OPPORTUNITIES    65
5.2.4    CHALLENGES    65
5.2.4.1    Rise in collaborations among industry players    65
5.2.4.2    Local manufacturers offering low-priced valves    66
5.2.4.3    Unplanned downtime due to malfunctioning or failure of valves    66
FIGURE 29    INDUSTRIAL VALVES MARKET: IMPACT ANALYSIS OF CHALLENGES    66
5.3    VALUE CHAIN ANALYSIS    66
FIGURE 30    RAW MATERIAL AND COMPONENT SUPPLIERS AND ORIGINAL EQUIPMENT MANUFACTURERS COLLECTIVELY ADD MAJOR VALUE TO FINAL PRODUCT    67
5.4    TECHNOLOGY ANALYSIS    68
5.4.1    DIGITALIZATION AND INTEGRATION OF ADVANCED TECHNOLOGIES SUCH AS ARTIFICIAL INTELLIGENCE INTO INDUSTRIAL VALVES    68
5.4.2    IMPACT OF IOT ON INDUSTRIAL VALVES MARKET    68
5.5    PRICING ANALYSIS    69
TABLE 5    AVERAGE SELLING PRICES OF INDUSTRIAL VALVES OFFERED
BY TOP COMPANIES, 2020    69
TABLE 6    INDICATIVE PRICES OF INDUSTRIAL VALVES    70
5.6    ECOSYSTEM ANALYSIS    70
FIGURE 31    INDUSTRIAL VALVES MARKET: ECOSYSTEM    70
TABLE 7    INDUSTRIAL VALVES MARKET: ECOSYSTEM    71
5.7    TRENDS/DISRUPTIONS IMPACTING CUSTOMERS    72
5.8    CASE STUDIES    72
5.8.1    SEVERSTAL USES EMERSON’S FISHER CONTROL-DISK BUTTERFLY VALVES TO REDUCE WATER WASTAGE BY UP TO 50%    72
5.8.2    KRUGER, INC. NEWSPRINT MILL USES FISHER CONTROL-DISK VALVES TO REDUCE FLOW VARIABILITY BY A FACTOR OF THREE    73
5.8.3    BRAY’S KNIFE GATE VALVE OFFERS CUSTOMER OPERATING COPPER MINE HIGHER SERVICE LIFE IN HYDROCYCLONE APPLICATION    73
5.9    PORTER’S FIVE FORCES ANALYSIS    73
TABLE 8    IMPACT OF PORTER’S FIVE FORCES ON INDUSTRIAL VALVES MARKET, 2020    74
5.10    TRADE ANALYSIS    75
FIGURE 32    IMPORTS DATA, BY COUNTRY, 2016–2020 (USD MILLION)    75
FIGURE 33    EXPORTS DATA, BY COUNTRY, 2016–2020 (USD MILLION)    76
5.11    PATENTS ANALYSIS    76
FIGURE 34    NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 2020    76
FIGURE 35    TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS
IN LAST 10 YEARS    77
TABLE 9    TOP 20 PATENT OWNERS IN LAST 10 YEARS    77
TABLE 10    LIST OF FEW PATENTS IN INDUSTRIAL VALVES MARKET, 2019–2020    78
5.12    REGULATIONS AND STANDARDS    78
TABLE 11    REGULATIONS AND STANDARDS FOR VALVES    79
6    INDUSTRIAL VALVES MARKET, BY TYPE    80
6.1    INTRODUCTION    81
FIGURE 36    INDUSTRIAL VALVES MARKET, BY VALVE TYPE    81
FIGURE 37    GLOBE VALVES TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD    81
TABLE 12    INDUSTRIAL VALVES MARKET, BY TYPE, 2017–2020 (USD BILLION)    82
TABLE 13    INDUSTRIAL VALVES MARKET, BY TYPE, 2021–2026 (USD BILLION)    82
6.2    BALL VALVES    83
6.2.1    BALL VALVES WOULD CONTINUE ACCOUNTING FOR LARGEST MARKET SIZE DURING FORECAST PERIOD    83
TABLE 14    BALL VALVES MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)    83
TABLE 15    BALL VALVES MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)    84
6.2.1.1    Trunnion-mounted ball valves    84
6.2.1.2    Floating ball valves    84
6.2.1.3    Rising stem ball valves    85

6.3    BUTTERFLY VALVES    85
6.3.1    BUTTERFLY VALVES ACCOUNT FOR MAJOR MARKET SHARE OWING TO THEIR RELIABLE FIELD OPERATIONS, TIGHT SHUT-OFF, AND PRECISE CONTROL    85
TABLE 16    BUTTERFLY VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)    85
TABLE 17    BUTTERFLY VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)    86
6.3.1.1    Zero-offset butterfly valves    86
6.3.1.2    Double-offset butterfly valves    86
6.3.1.3    Triple-offset butterfly valves    87
6.4    CHECK VALVES    87
6.4.1    CHECK VALVES ARE ADOPTED FOR APPLICATIONS REQUIRING UNIDIRECTIONAL FLOW CONTROL    87
TABLE 18    CHECK VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)    87
TABLE 19    CHECK VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)    88
6.5    DIAPHRAGM VALVES    88
6.5.1    DIAPHRAGM VALVES ARE HIGHLY ADOPTED IN PHARMACEUTICALS AND CHEMICALS INDUSTRIES TO AVOID CONTAMINATION    88
TABLE 20    DIAPHRAGM VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)    89
TABLE 21    DIAPHRAGM VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)    89
6.6    GATE VALVES    90
6.6.1    GATE VALVES ARE WIDELY ADOPTED FOR ON/OFF APPLICATIONS    90
TABLE 22    GATE VALVES MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)    90
TABLE 23    GATE VALVES MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)    91
6.6.1.1    Standard plate gate valves    91
6.6.1.2    Wedge type gate valves    91
6.6.1.3    Knife gate valves    92
6.7    GLOBE VALVES    92
6.7.1    GLOBE VALVES TO HOLD SECOND-LARGEST MARKET SIZE BY 2026    92
TABLE 24    GLOBE VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)    92
TABLE 25    GLOBE VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)    93
6.8    PLUG VALVES    93
6.8.1    MARKET FOR PLUG VALVES TO WITNESS SUBSTANTIAL GROWTH IN
NEXT FEW YEARS    93
TABLE 26    PLUG VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)    94
TABLE 27    PLUG VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)    94

6.9    SAFETY VALVES    95
6.9.1    SAFETY VALVES ARE HIGHLY ADOPTED IN OIL & GAS, ENERGY & POWER,
AND CHEMICALS INDUSTRIES    95
TABLE 28    SAFETY VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)    95
TABLE 29    SAFETY VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)    96
7    INDUSTRIAL VALVES MARKET, BY COMPONENT    97
7.1    INTRODUCTION    98
FIGURE 38    INDUSTRIAL VALVES MARKET, BY COMPONENT    98
FIGURE 39    ACTUATORS TO LEAD INDUSTRIAL VALVES MARKET BY 2026    98
TABLE 30    INDUSTRIAL VALVES MARKET, BY COMPONENT, 2017–2020 (USD BILLION)    98
TABLE 31    INDUSTRIAL VALVES MARKET, BY COMPONENT, 2021–2026 (USD BILLION)    99
7.2    ACTUATORS    99
7.2.1    ACTUATORS TO DOMINATE INDUSTRIAL VALVES MARKET FOR
COMPONENTS DURING 2021–2026    99
TABLE 32    INDUSTRIAL VALVES MARKET FOR ACTUATORS, BY TYPE,
2017–2020 (USD BILLION)    99
TABLE 33    INDUSTRIAL VALVES MARKET FOR ACTUATORS, BY TYPE,
2021–2026 (USD BILLION)    99
7.3    VALVE BODY    100
7.3.1    VALVE BODY ACTS AS MAIN CONTROL CENTER    100
7.4    OTHERS    100
8    INDUSTRIAL VALVES MARKET, BY FUNCTION    101
8.1    INTRODUCTION    102
FIGURE 40    ON/OFF VALVES TO CONTINUE TO HOLD LARGER MARKET SIZE
DURING FORECAST PERIOD    102
TABLE 34    INDUSTRIAL VALVES MARKET, BY FUNCTION, 2017–2020 (USD BILLION)    102
TABLE 35    INDUSTRIAL VALVES MARKET, BY FUNCTION, 2021–2026 (USD BILLION)    103
8.2    ON/OFF VALVES    103
8.2.1    ON/OFF VALVES ACCOUNTED FOR LARGER MARKET SHARE IN 2020    103
8.3    CONTROL VALVES    104
8.3.1    CONTROL VALVES TO WITNESS SIGNIFICANT GROWTH
DURING FORECAST PERIOD    104
9    INDUSTRIAL VALVES MARKET, BY MATERIAL    105
9.1    INTRODUCTION    106
FIGURE 41    INDUSTRIAL VALVE MARKET, BY MATERIAL    106
FIGURE 42    STEEL SEGMENT TO HOLD LARGEST MARKET SIZE IN
INDUSTRIAL VALVES MARKET IN 2026    107
TABLE 36    INDUSTRIAL VALVES MARKET, BY MATERIAL, 2017–2020 (USD BILLION)    107
TABLE 37    INDUSTRIAL VALVES MARKET, BY MATERIAL, 2021–2026 (USD BILLION)    107

9.2    STEEL    108
9.2.1    DEMAND FOR STEEL INDUSTRIAL VALVES TO RISE
DURING FORECAST PERIOD    108
9.3    CAST IRON    109
9.3.1    GROWING USE OF CAST IRON VALVES IN WATER & WASTEWATER
TREATMENT AND HYDROELECTRIC POWER PLANTS RESULTS IN CONSIDERABLE MARKET SIZE    109
9.4    ALLOY-BASED    109
9.4.1    MARKET FOR ALLOY-BASED VALVES TO GROW AT SIGNIFICANT
RATE IN COMING YEARS    109
9.5    CRYOGENIC    110
9.5.1    CRYOGENIC VALVES TO EXHIBIT HIGH CAGR DURING FORECAST PERIOD    110
9.6    OTHERS    110
9.6.1    BRONZE    110
9.6.2    BRASS    110
9.6.3    PLASTIC    111
10    INDUSTRIAL VALVE MARKET, BY SIZE    112
10.1    INTRODUCTION    113
FIGURE 43    INDUSTRIAL VALVES MARKET, BY SIZE    114
FIGURE 44    1– 6” SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD    114
TABLE 38    INDUSTRIAL VALVES MARKET, BY SIZE, 2017–2020 (USD BILLION)    115
TABLE 39    INDUSTRIAL VALVES MARKET, BY SIZE, 2021–2026 (USD BILLION)    115
10.2    <1”    115
10.2.1    LESS THAN 1"" SEGMENT TO CONTINUE TO HOLD A SIGNIFICANT MARKET SHARE DURING FORECAST PERIOD    115
10.3    1–6”    116
10.3.1    1–6"" VALVES ARE WIDELY USED IN CRITICAL INDUSTRIES,
INCLUDING OIL & GAS AND CHEMICALS    116
10.4    7–25”    116
10.4.1    MARKET FOR 7–25"" VALVES TO GROW SIGNIFICANTLY
DURING FORECAST PERIOD    116
10.5    26–50”    116
10.5.1    CHEMICALS, PHARMACEUTICALS, AND ENERGY & POWER ARE KEY INDUSTRIES THAT USE CONTROL VALVES SIZED 26–50""    116
10.6    >50”    116
10.6.1    OIL & GAS, POWER, AND PETROCHEMICALS INDUSTRIES TO ACCELERATE GROWTH OF MARKET FOR >50” VALVES    116

11    INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY    117
11.1    INTRODUCTION    118
FIGURE 45    INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY    118
FIGURE 46    ENERGY & POWER INDUSTRY TO LEAD INDUSTRIAL VALVES MARKET IN 2026    119
TABLE 40    INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD BILLION)    119
TABLE 41    INDUSTRIAL VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD BILLION)    120
11.2    OIL & GAS    120
11.2.1    STEADY RECOVERY OF OIL & GAS INDUSTRY TO CREATE OPPORTUNITIES
FOR INDUSTRIAL VALVES THROUGH CAPACITY EXPANSION PROJECTS AND MRO CONTRACTS    120
TABLE 42    INDUSTRIAL VALVES MARKET FOR OIL & GAS INDUSTRY, BY REGION,
2017–2020 (USD MILLION)    121
TABLE 43    INDUSTRIAL VALVES MARKET FOR OIL & GAS INDUSTRY, BY REGION,
2021–2026 (USD MILLION)    121
TABLE 44    INDUSTRIAL VALVES MARKET FOR OIL & GAS INDUSTRY, BY TYPE,
2017–2020 (USD MILLION)    122
TABLE 45    INDUSTRIAL VALVES MARKET FOR OIL & GAS INDUSTRY, BY TYPE,
2021–2026 (USD MILLION)    122
11.3    WATER & WASTEWATER TREATMENT    123
11.3.1    RISE IN DEMAND FOR CLEANER WATER AND MODIFICATION IN OLDER WATER INFRASTRUCTURE TO AUGMENT DEMAND FOR INDUSTRIAL VALVES    123
TABLE 46    INDUSTRIAL VALVES MARKET FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY REGION, 2017–2020 (USD MILLION)    123
TABLE 47    INDUSTRIAL VALVES MARKET FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY REGION, 2021–2026 (USD MILLION)    123
TABLE 48    INDUSTRIAL VALVES MARKET FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)    124
TABLE 49    INDUSTRIAL VALVES MARKET FOR WATER & WASTEWATER TREATMENT INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)    124
11.4    ENERGY & POWER    125
11.4.1    INCREASING NEED FOR ENERGY IN DEVELOPING COUNTRIES TO
BOOST MARKET GROWTH BY 2026    125
TABLE 50    INDUSTRIAL VALVES MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2017–2020 (USD MILLION)    125
TABLE 51    INDUSTRIAL VALVES MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2021–2026 (USD MILLION)    125
TABLE 52    INDUSTRIAL VALVES MARKET FOR ENERGY & POWER INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)    126
TABLE 53    INDUSTRIAL VALVES MARKET FOR ENERGY & POWER INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)    126
11.5    PHARMACEUTICALS    127
11.5.1    APAC TO LEAD INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS INDUSTRY DURING 2021-2026    127
TABLE 54    INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS INDUSTRY,
BY REGION, 2017–2020 (USD MILLION)    127
TABLE 55    INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS INDUSTRY,
BY REGION, 2021–2026 (USD MILLION)    127
TABLE 56    INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)    128
TABLE 57    INDUSTRIAL VALVES MARKET FOR PHARMACEUTICALS INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)    128
11.6    FOOD & BEVERAGES    128
11.6.1    IMPLEMENTATION OF INDUSTRIAL VALVES TO IMPROVE
PROCESS EFFICIENCY    128
TABLE 58    INDUSTRIAL VALVES MARKET FOR FOOD & BEVERAGES INDUSTRY,
BY REGION, 2017–2020 (USD MILLION)    129
TABLE 59    INDUSTRIAL VALVES MARKET FOR FOOD & BEVERAGES INDUSTRY,
BY REGION, 2021–2026 (USD MILLION)    129
TABLE 60    INDUSTRIAL VALVES MARKET FOR FOOD & BEVERAGES INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)    130
TABLE 61    INDUSTRIAL VALVES MARKET FOR FOOD & BEVERAGES INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)    130
11.7    CHEMICALS    130
11.7.1    INDUSTRIAL VALVES MEET STRINGENT PROTECTION REQUIREMENTS AND STANDARDS IN CHEMICALS INDUSTRY    130
TABLE 62    INDUSTRIAL VALVES MARKET FOR CHEMICALS INDUSTRY, BY REGION, 2017–2020 (USD MILLION)    131
TABLE 63    INDUSTRIAL VALVES MARKET FOR CHEMICALS INDUSTRY, BY REGION, 2021–2026 (USD MILLION)    131
TABLE 64    INDUSTRIAL VALVES MARKET FOR CHEMICALS INDUSTRY, BY TYPE,
2017–2020 (USD MILLION)    131
TABLE 65    INDUSTRIAL VALVES MARKET FOR CHEMICALS INDUSTRY, BY TYPE,
2021–2026 (USD MILLION)    132
11.8    BUILDING & CONSTRUCTION    132
11.8.1    SIGNIFICANT DECREASE IN DEMAND FOR INDUSTRIAL VALVES OWING TO CANCELED OR POSTPONED SMART INFRASTRUCTURE PROJECTS IN BUILDING & CONSTRUCTION INDUSTRY    132
TABLE 66    INDUSTRIAL VALVES MARKET FOR BUILDING & CONSTRUCTION INDUSTRY, BY REGION, 2017–2020 (USD MILLION)    133
TABLE 67    INDUSTRIAL VALVES MARKET FOR BUILDING & CONSTRUCTION INDUSTRY, BY REGION, 2021–2026 (USD MILLION)    133
TABLE 68    INDUSTRIAL VALVES MARKET FOR BUILDING & CONSTRUCTION INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)    133
TABLE 69    INDUSTRIAL VALVES MARKET FOR BUILDING & CONSTRUCTION INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)    134
11.9    PULP & PAPER    134
11.9.1    INDUSTRIAL VALVES HELP IN PREDICTIVE MAINTENANCE OF EQUIPMENT USED IN PULP AND PAPER MANUFACTURING    134
TABLE 70    INDUSTRIAL VALVES MARKET FOR PAPER & PULP INDUSTRY, BY REGION, 2017–2020 (USD MILLION)    135
TABLE 71    INDUSTRIAL VALVES MARKET FOR PAPER & PULP INDUSTRY, BY REGION, 2021–2026 (USD MILLION)    135
TABLE 72    INDUSTRIAL VALVES MARKET FOR PAPER & PULP INDUSTRY, BY TYPE,
2017–2020 (USD MILLION)    136
TABLE 73    INDUSTRIAL VALVES MARKET FOR PAPER & PULP INDUSTRY, BY TYPE,
2021–2026 (USD MILLION)    136
11.10    METALS & MINING    137
11.10.1    GROWING DEMAND FOR PREDICTIVE MAINTENANCE ENCOURAGING
USE OF INDUSTRIAL VALVES    137
TABLE 74    INDUSTRIAL VALVES MARKET FOR METALS & MINING INDUSTRY, BY REGION, 2017–2020 (USD MILLION)    138
TABLE 75    INDUSTRIAL VALVES MARKET FOR METALS & MINING INDUSTRY, BY REGION, 2021–2026 (USD MILLION)    138
TABLE 76    INDUSTRIAL VALVES MARKET FOR METALS & MINING INDUSTRY, BY TYPE, 2017–2020 (USD MILLION)    138
TABLE 77    INDUSTRIAL VALVES MARKET FOR METALS & MINING INDUSTRY, BY TYPE, 2021–2026 (USD MILLION)    139
11.11    AGRICULTURE    139
11.11.1    GROWING DEMAND FOR PREDICTIVE MAINTENANCE ENCOURAGES USE OF INDUSTRIAL VALVES IN AGRICULTURE    139
TABLE 78    INDUSTRIAL VALVES MARKET FOR AGRICULTURE INDUSTRY, BY REGION, 2017–2020 (USD MILLION)    139
TABLE 79    INDUSTRIAL VALVES MARKET FOR AGRICULTURE INDUSTRY, BY REGION, 2021–2026 (USD MILLION)    140
TABLE 80    INDUSTRIAL VALVES MARKET FOR AGRICULTURE INDUSTRY, BY TYPE,
2017–2020 (USD MILLION)    140
TABLE 81    INDUSTRIAL VALVES MARKET FOR AGRICULTURE INDUSTRY, BY TYPE,
2021–2026 (USD MILLION)    140
11.12    OTHERS    141
TABLE 82    INDUSTRIAL VALVES MARKET FOR OTHER INDUSTRIES, BY REGION,
2017–2020 (USD MILLION)    141
TABLE 83    INDUSTRIAL VALVES MARKET FOR OTHER INDUSTRIES, BY REGION,
2021–2026 (USD MILLION)    141
TABLE 84    INDUSTRIAL VALVES MARKET FOR OTHER INDUSTRIES, BY TYPE,
2017–2020 (USD MILLION)    142
TABLE 85    INDUSTRIAL VALVES MARKET FOR OTHER INDUSTRIES, BY TYPE,
2021–2026 (USD MILLION)    142
12    GEOGRAPHIC ANALYSIS    143
12.1    INTRODUCTION    144
FIGURE 47    INDUSTRIAL VALVES MARKET: GEOGRAPHIC SNAPSHOT    144
TABLE 86    INDUSTRIAL VALVES MARKET, BY REGION, 2017–2020 (USD BILLION)    144
TABLE 87    INDUSTRIAL VALVES MARKET, BY REGION, 2021–2026 (USD BILLION)    145
12.2    NORTH AMERICA    145
FIGURE 48    SNAPSHOT OF INDUSTRIAL VALVES MARKET IN NORTH AMERICA    146
TABLE 88    INDUSTRIAL VALVES MARKET IN NORTH AMERICA, BY COUNTRY,
2017–2020 (USD BILLION)    147
TABLE 89    INDUSTRIAL VALVES MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2026 (USD BILLION)    147
TABLE 90    INDUSTRIAL VALVES MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)    148
TABLE 91    INDUSTRIAL VALVES MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)    148
12.2.1    US    149
12.2.1.1    Aging water & wastewater infrastructure in US generates
demand for industrial valves    149
12.2.2    CANADA    149
12.2.2.1    Rising demand for energy to augment market growth in coming years    149
12.2.3    MEXICO    150
12.2.3.1    Mexico holds modest growth opportunities for
industrial valves market    150
12.3    EUROPE    151
FIGURE 49    SNAPSHOT OF INDUSTRIAL VALVES MARKET IN EUROPE    151
TABLE 92    INDUSTRIAL VALVES MARKET IN EUROPE, BY COUNTRY,
2017–2020 (USD BILLION)    152
TABLE 93    INDUSTRIAL VALVES MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD BILLION)    152
TABLE 94    INDUSTRIAL VALVES MARKET IN EUROPE, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)    153
TABLE 95    INDUSTRIAL VALVES MARKET IN EUROPE, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)    153
12.3.1    UK    154
12.3.1.1    Water industry to propel demand for control valves    154
12.3.2    GERMANY    154
12.3.2.1    Growth prospects of process industries encourage German industrial valves market growth    154
12.3.3    FRANCE    154
12.3.3.1    Energy & power sector to boost French industrial valves market    154
12.3.4    ITALY    154
12.3.4.1    Italian market to be accelerated by planned investments for water & wastewater treatment industry    154
12.3.5    REST OF EUROPE    155
12.4    ASIA PACIFIC    155
FIGURE 50    SNAPSHOT OF INDUSTRIAL VALVES MARKET IN APAC    156
TABLE 96    INDUSTRIAL VALVES MARKET IN APAC, BY COUNTRY,
2017–2020 (USD BILLION)    157
TABLE 97    INDUSTRIAL VALVES MARKET IN APAC, BY COUNTRY,
2021–2026 (USD BILLION)    157
TABLE 98    INDUSTRIAL VALVES MARKET IN APAC, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)    158
TABLE 99    INDUSTRIAL VALVES MARKET IN APAC, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)    158
12.4.1    CHINA    159
12.4.1.1    Industrial valves market in China to be driven by growing demand from energy & power sector    159
12.4.2    JAPAN    159
12.4.2.1    Reintegration of nuclear power plants to boost
industrial valves market    159
12.4.3    INDIA    159
12.4.3.1    Indian power industry to boost growth of industrial valves
market in APAC    159
12.4.4    SOUTH KOREA    160
12.4.4.1    Rising demand for valves for ultrapure and hygiene applications boosts market growth    160
12.4.5    REST OF APAC    160
12.5    REST OF THE WORLD (ROW)    160
TABLE 100    INDUSTRIAL VALVES MARKET IN ROW, BY REGION,
2017–2020 (USD BILLION)    160
TABLE 101    INDUSTRIAL VALVES MARKET IN ROW, BY REGION,
2021–2026 (USD BILLION)    161
TABLE 102    INDUSTRIAL VALVES MARKET IN ROW, BY END-USER INDUSTRY,
2017–2020 (USD MILLION)    161
TABLE 103    INDUSTRIAL VALVES MARKET IN ROW, BY END-USER INDUSTRY,
2021–2026 (USD MILLION)    162
12.5.1    MIDDLE EAST    162
12.5.1.1    COVID-19 pandemic adversely affected Middle Eastern industrial valves market    162
TABLE 104    INDUSTRIAL VALVES MARKET IN MIDDLE EAST, BY COUNTRY,
2017–2020 (USD BILLION)    162
TABLE 105    INDUSTRIAL VALVES MARKET IN MIDDLE EAST, BY COUNTRY,
2021–2026 (USD BILLION)    163
12.5.2    SOUTH AMERICA    163
12.5.2.1    Market projected to register slower growth due to pandemic    163
12.5.3    AFRICA    163
12.5.3.1    COVID-19 pandemic has adversely affected industrial valves market    163
TABLE 106    INDUSTRIAL VALVES MARKET IN AFRICA, BY COUNTRY,
2017–2020 (USD BILLION)    163
TABLE 107    INDUSTRIAL VALVES MARKET IN AFRICA, BY COUNTRY,
2021–2026 (USD BILLION)    164
13    COMPETITIVE LANDSCAPE    165
13.1    OVERVIEW    165
13.2    KEY PLAYER STRATEGIES/RIGHT TO WIN    165
TABLE 108    OVERVIEW OF STRATEGIES ADOPTED BY VENDORS OF INDUSTRIAL VALVES    165
13.3    REVENUE ANALYSIS OF TOP COMPANIES    166
FIGURE 51    5-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN
INDUSTRIAL VALVES MARKET    166
13.4    MARKET SHARE ANALYSIS, 2020    167
FIGURE 52    INDUSTRIAL VALVES MARKET: MARKET SHARE ANALYSIS (2020)    167
13.5    COMPANY EVALUATION QUADRANT    168
13.5.1    STAR    168
13.5.2    EMERGING LEADER    168
13.5.3    PERVASIVE    168

13.5.4    PARTICIPANT    168
FIGURE 53    INDUSTRIAL VALVES MARKET: COMPANY EVALUATION QUADRANT, 2020    169
13.6    SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2020    169
13.6.1    PROGRESSIVE COMPANY    169
13.6.2    RESPONSIVE COMPANY    169
13.6.3    DYNAMIC COMPANY    170
13.6.4    STARTING BLOCK    170
FIGURE 54    INDUSTRIAL VALVES MARKET: SME EVALUATION QUADRANT, 2020    170
13.7    INDUSTRIAL VALVE MARKET: COMPANY FOOTPRINT    171
TABLE 109    COMPANY FOOTPRINT    171
FIGURE 55    INDUSTRY FOOTPRINT OF COMPANIES    172
TABLE 110    PRODUCT FOOTPRINT OF COMPANIES    173
TABLE 111    REGIONAL FOOTPRINT OF COMPANIES    174
13.8    COMPETITIVE SITUATIONS AND TRENDS    175
13.8.1    INDUSTRIAL VALVE MARKET: PRODUCT LAUNCHES,
APRIL 2019–MARCH 2021    175
13.8.2    INDUSTRIAL VALVE MARKET: DEALS, APRIL 2019–MARCH 2021    176
13.8.3    INDUSTRIAL VALVE MARKET: OTHERS, APRIL 2019–MARCH 2021    177
14    COMPANY PROFILES    178
(Business Overview, Products Offered, Recent Developments, and MnM View)*
14.1    KEY PLAYERS    178
14.1.1    EMERSON ELECTRIC CO.    178
TABLE 112    EMERSON ELECTRIC CO.: BUSINESS OVERVIEW    178
FIGURE 56    EMERSON ELECTRIC CO.: COMPANY SNAPSHOT    179
TABLE 113    EMERSON ELECTRIC CO.: PRODUCTS OFFERED    179
14.1.2    SCHLUMBERGER LIMITED    183
TABLE 114    SCHLUMBERGER LIMITED: BUSINESS OVERVIEW    183
FIGURE 57    SCHLUMBERGER LIMITED: COMPANY SNAPSHOT    184
TABLE 115    SCHLUMBERGER LIMITED: PRODUCT OFFERINGS    184
14.1.3    FLOWSERVE CORPORATION    187
TABLE 116    FLOWSERVE CORPORATION: BUSINESS OVERVIEW    187
FIGURE 58    FLOWSERVE CORPORATION: COMPANY SNAPSHOT    188
TABLE 117    FLOWSERVE CORPORATION: PRODUCT OFFERINGS    188
14.1.4    IMI PLC    191
TABLE 118    IMI PLC: BUSINESS OVERVIEW    191
FIGURE 59    IMI PLC: COMPANY SNAPSHOT    192
TABLE 119    IMI PLC: PRODUCT OFFERINGS    193
14.1.5    NELES CORPORATION (METSO CORPORATION)    196
TABLE 120    NELES CORPORATION: BUSINESS OVERVIEW    196
FIGURE 60    NELES CORPORATION: COMPANY SNAPSHOT    197
TABLE 121    NELES CORPORATION: PRODUCT OFFERINGS    197
14.1.6    SPIRAX SARCO LIMITED    200
TABLE 122    SPIRAX SARCO LIMITED: BUSINESS OVERVIEW    200
FIGURE 61    SPIRAX SARCO LIMITED: COMPANY SNAPSHOT    201
TABLE 123    SPIRAX SARCO LIMITED: PRODUCT OFFERINGS    201
14.1.7    CRANE CO.    203
TABLE 124    CRANE CO.: BUSINESS OVERVIEW    203
TABLE 125    CRANE CO.: PRODUCT OFFERINGS    204
14.1.8    KITZ CORPORATION    206
TABLE 126    KITZ CORPORATION: BUSINESS OVERVIEW    206
FIGURE 63    KITZ CORPORATION: COMPANY SNAPSHOT    207
TABLE 127    KITZ CORPORATION: PRODUCT OFFERINGS    207
14.1.9    TRILLIUM FLOW TECHNOLOGIES (WEIR FLOW CONTROL)    209
TABLE 128    TRILLIUM FLOW TECHNOLOGIES: BUSINESS OVERVIEW    209
TABLE 129    TRILLIUM FLOW TECHNOLOGIES: PRODUCT OFFERINGS    209
14.1.10    BRAY INTERNATIONAL    210
TABLE 130    BRAY INTERNATIONAL: BUSINESS OVERVIEW    210
TABLE 131    BRAY INTERNATIONAL: PRODUCT OFFERINGS    210
14.1.11    CIRCOR INTERNATIONAL, INC.    211
TABLE 132    CIRCOR INTERNATIONAL, INC: BUSINESS OVERVIEW    211
FIGURE 64    CIRCOR INTERNATIONAL, INC.: COMPANY SNAPSHOT    212
TABLE 133    CIRCOR INTERNATIONAL, INC.: PRODUCT OFFERINGS    212
14.1.12    EBRO ARMATUREN GEBR. BRÖER GMBH    214
TABLE 134    EBRO ARMATUREN GEBR. BRÖER GMBH: BUSINESS OVERVIEW    214
TABLE 135    EBRO ARMATUREN GEBR. BRÖER GMBH: PRODUCT OFFERINGS    214
* Business Overview, Products Offered, Recent Developments, and MnM View might not be captured in case of unlisted companies.
14.2    OTHER PLAYERS    215
14.2.1    NEWAY VALVE CO.    215
TABLE 136    NEWAY VALVE CO.: BUSINESS OVERVIEW    215
14.2.2    VELAN INC.    216
TABLE 137    VELAN INC.: BUSINESS OVERVIEW    216
14.2.3    SAMSON CONTROLS    217
TABLE 138    SAMSON CONTROLS: BUSINESS OVERVIEW    217
14.2.4    AVK HOLDING A/S    218
TABLE 139    AVK HOLDING A/S: BUSINESS OVERVIEW    218
14.2.5    AVCON CONTROLS PVT LTD.    219
TABLE 140    AVCON CONTROLS PVT LTD.: BUSINESS OVERVIEW    219
14.2.6    FORBES MARSHALL    220
TABLE 141    FORBES MARSHALL: BUSINESS OVERVIEW    220
14.2.7    SWAGELOK COMPANY    221
TABLE 142    SWAGELOK COMPANY: BUSINESS OVERVIEW    221

14.2.8    HAM-LET GROUP    222
TABLE 143    HAM–LET GROUP: BUSINESS OVERVIEW    222
14.2.9    DWYER INSTRUMENTS LLC.    223
TABLE 144    DWYER INSTRUMENTS LLC.: BUSINESS OVERVIEW    223
14.2.10    APOLLO VALVES    224
TABLE 145    APOLLO VALVES: BUSINESS OVERVIEW    224
14.2.11    ALFA LAVAL    225
TABLE 146    ALFA LAVAL: BUSINESS OVERVIEW    225
14.2.12    CURTISS-WRIGHT CORPORATION    226
TABLE 147    CURTISS-WRIGHT CORPORATION: BUSINESS OVERVIEW    226
14.2.13    KLINGER HOLDING    227
TABLE 148    KLINGER HOLDING: BUSINESS OVERVIEW    227
15    ADJACENT & RELATED MARKETS    228
15.1    INTRODUCTION    228
15.2    LIMITATIONS    228
15.3    VACUUM VALVE MARKET, BY TYPE    228
TABLE 149    VACUUM VALVE MARKET, BY TYPE, 2017–2020 (USD MILLION)    229
TABLE 150    VACUUM VALVE MARKET, BY TYPE, 2021–2026 (USD MILLION)    229
15.4    PRESSURE CONTROL VALVES    229
TABLE 151    PRESSURE CONTROL VALVES MARKET, BY TYPE, 2017–2020 (USD MILLION)    230
TABLE 152    PRESSURE CONTROL VALVES MARKET, BY TYPE, 2021–2026 (USD MILLION)    230
TABLE 153    PRESSURE CONTROL VALVES MARKET, BY INDUSTRY,
2017–2020 (USD MILLION)    230
TABLE 154    PRESSURE CONTROL VALVES MARKET, BY INDUSTRY,
2021–2026 (USD MILLION)    231
15.4.1    BUTTERFLY VALVES    231
15.4.1.1    Butterfly valves ensure reliable operations, tight shut-off,
and precise control    231
15.4.2    ANGLE AND INLINE VALVES    232
15.4.2.1    Resistance against high differential pressure makes angle and inline valves suitable for different applications    232
15.4.3    PENDULUM VALVES    232
15.4.3.1    Smooth gate closing and opening operation of pendulum valves ensures minimum particle release    232
15.4.4    OTHERS    232
15.5    ISOLATION VALVES    232
TABLE 155    ISOLATION VALVES MARKET, BY TYPE, 2017–2020 (USD MILLION)    232
TABLE 156    ISOLATION VALVES MARKET, BY TYPE, 2021–2026 (USD MILLION)    233
TABLE 157    ISOLATION VALVES MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)    233
TABLE 158    ISOLATION VALVES MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)    234
15.5.1    BUTTERFLY VALVES    234
15.5.1.1    Butterfly valves hold ~6% share of revenue of isolation valves    234

15.5.2    GATE VALVES    234
15.5.2.1    Market for isolation gate valves to grow at higher CAGR than other types of isolation valves between 2021 and 2026    234
15.5.3    ANGLE AND INLINE VALVES    235
15.5.3.1    Angle/ inline and gate valves jointly account for ~76% share of revenue of isolation valves    235
15.5.4    PENDULUM VALVES    235
15.5.4.1    Pendulum valves provide reliable isolation performance    235
15.5.5    BALL VALVES    235
15.5.5.1    Ball valves are suitable for dirty vacuum operations    235
15.5.6    OTHERS    235
15.6    TRANSFER VALVES    235
15.6.1    TRANSFER VALVES ARE LARGELY ADOPTED IN SEMICONDUCTOR INDUSTRY    235
TABLE 159    TRANSFER VALVES MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)    236
TABLE 160    TRANSFER VALVES MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)    236
15.7    AIR ADMITTANCE VALVES    237
15.7.1    AIR ADMITTANCE VALVES ENABLE PRESSURE RELEASE IN CASE
OF SYSTEM MALFUNCTIONING    237
TABLE 161    AIR ADMITTANCE VALVES MARKET, BY INDUSTRY,
2017–2020 (USD MILLION)    237
TABLE 162    AIR ADMITTANCE VALVES MARKET, BY INDUSTRY,
2021–2026 (USD MILLION)    237
15.8    CHECK VALVES    238
15.8.1    CHECK VALVES ARE USED IN APPLICATIONS REQUIRING
UNIDIRECTIONAL FLOW CONTROL    238
TABLE 163    CHECK VALVES MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)    238
TABLE 164    CHECK VALVES MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)    238
16    APPENDIX    239
16.1    DISCUSSION GUIDE    239
16.2    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    242
16.3    AVAILABLE CUSTOMIZATIONS    244
16.4    RELATED REPORTS    244
16.5    AUTHOR DETAILS    245"