市場調查報告書
商品編碼
1522716
全球工業閥門市場評估:按產品類型,材料,最終用戶行業,功能,銷售管道,地區,機會,預測2017-2031年Industrial Valves Market Assessment, By Product Type, By Material, By Material, By End-user Industry, By Function By Sales Channel, Region, Opportunities and Forecast, 2017-2031F |
全球工業閥門市場規模預計將從2023年的718.4億美元成長到2031年的1,321.8億美元,在2024-2031年的預測期內複合年增長率為7.92%。由於嚴格的職業安全政策和人們對健康危害的認識不斷增強,市場正在顯著增長。
自從數位革命以來,工業閥門生產正在迅速改變。工業物聯網 (IIoT) 透過整合感測器、連接和數據分析正在改變工業閥門的設計、製造、操作和維護。具有感測器和網路功能的智慧工業閥門可以即時捕獲有關性能、溫度、壓力和其他重要特性的數據。這使得遠端監控、預測性維護和閥門操作優化成為可能。隨著行業不斷突破性能和耐用性的界限,工業閥門生產中使用的材料和製造流程預計將繼續變化。傳統材料預計將被更耐磨損、耐腐蝕和侵蝕的先進合金、複合材料和陶瓷所取代。增材製造,也稱為 3D 列印,可以以前所未有的精度製造複雜的幾何形狀和獨特的閥門設計。
智慧工廠,即工業 4.0,正式名稱為基於第四次工業革命的技術,可實現流程自動化、數據分析和持續學習。在預測期內,工業閥門中智慧技術的結合預計將非常重要。智慧工業閥門包含感測器、執行器和控制系統,可自動更改參數、監視和控制流量以及識別洩漏。即時優化以及與中央控制系統的通訊使工業閥門能夠提高安全性、降低能耗並提高效率。
該報告研究了全球工業閥門市場,並提供了市場概況,以及按產品類型、材料、最終用戶行業、功能、銷售管道、區域和參與市場的公司概況等劃分的趨勢。
Global industrial valves market is projected to witness a CAGR of 7.92% during the forecast period 2024-2031, growing from USD 71.84 billion in 2023 to USD 132.18 billion in 2031. The market thrives substantially due to stringent occupational safety policies and rising awareness of health hazards.
The production of industrial valves has rapidly changed since the digital revolution. The Industrial Internet of Things (IIoT) transforms industrial valves' design, manufacturing, operation, and maintenance by integrating sensors, connectivity, and data analytics. Smart industrial valves with sensors and networking capabilities can obtain real-time data on performance, temperature, pressure, and other crucial characteristics. It allows remote monitoring, predictive maintenance, and optimized valve operations. The materials and manufacturing processes utilized in the production of industrial valves are expected to continue to change as industries push the limits of performance and durability. Traditional materials will be replaced by advanced alloys, composites, and ceramics that offer better resistance to wear, corrosion, and erosion. Intricate geometries and unique valve designs can be produced with previously unheard-of accuracy using additive manufacturing, also referred as 3D printing.
For instance, in May 2024, Viega LLC expanded its valve portfolio with the launch of 21 industrial valves across the ProPress, MegaPress, and PureFlow systems. Viega now has the most complete press portfolio available on the market. In September 2023, the company expanded its pipe fittings and industrial valves manufacturing facility with the announcement of its new facility in Ohio, United States, for the manufacturing of its leading products names, ProPress and MegaPress.
Smart Valve Technology and Automation to Fuel Market Growth
Smart factories powered by Industry 4.0, formally known as fourth industrial revolution-based technologies, automate processes, analyze data, and learn continuously. Incorporating smart technology into industrial valves is expected to be crucial in the forecast period. With incorporated sensors, actuators, and control systems, smart industrial valves can automatically modify parameters, monitor and control flow rates, and identify leaks. Through real-time optimization and communication of operation with central control systems, industrial valves can increase safety, lower energy consumption, and improve efficiency.
Numerous top valve vendors claim that automation and robotics are changing many facets of manufacturing, including the valve market. Advanced robotic systems are being used for precision machining, assembly, and quality control among the jobs. This has led to increased productivity, uniformity, and decreased human error. Faster production cycles, cost-effectiveness, and improved worker safety in dangerous locations are some of the benefits of automated operations.
For instance, in February 2024, Burkert Contromatic Corp. launched a range of easy to service direct-actin solenoid industrial valves. OEMs of various equipment, including commercial coffee makers and hot drink vending machines, are best suited for the new valve family. The industrial valves are useful for controlling the flow of water or saline flush in medical machines and can be used to channel detergents.
Wide Range of Applications and Technological Advancements to Fuel the Global Market
Growing investments in infrastructure development and automation across industries such as oil and gas, water and wastewater treatment, power generation, chemicals, and pharmaceuticals have garnered the sales of advanced valve systems. Increasing oil and gas exploration activities and stringent industrial emission regulations boost the demand for industrial valves in upstream, midstream, and downstream oil and gas operations. Rising demand from end-use industries, such as food and beverage, chemicals, pharmaceuticals, metal and mining, pulp and paper, and agriculture, require specialized industrial valves for their processes. The expanding chemical and petrochemical industry is adopting new valve systems as the requirement for steam and liquid control systems is rising.
For instance, in January 2024, Emerson Electric Co. launched a new relief valve for storage tank reliability. Its range of fisher safety industrial valves features a 2-inch version, allowing more precise control, simpler setup, and easier upkeep for smaller containers.
New integrated gadgets and technologies upgrade the valve technology. These gadgets allow industrial valves to be controlled in real-time. They can function in accordance with the data gathered, including pressure, temperature, and flow. The market further advances by Control and Data Acquisition Systems (SCADA) and Programmable Logic Controls (PLCs). Based on the information they get from sensors, PLCs may control industrial valves, and SCADA systems allow for remote monitoring and control. Failure prediction and valve performance can be optimized by integrating artificial intelligence and machine learning technologies.
Higher Consumption to Fuel Energy and Power Industry
The energy and power segment dominates the industrial valves market amongst the end-user industries and is projected to maintain its lead throughout the forecast period. Nations around the globe are facing challenges in meeting the escalating demand for energy, prompting the energy and power sector to explore methods for generating energy more quickly, safely, and efficiently with the least possible environmental footprint. The controlling function of industrial valves plays a critical role in power generation facilities. Within the energy and power sector, these industrial valves require precise shut-off mechanisms to manage high-quality slurry. Additionally, the discs must be easily replaceable, given that the slurries are often abrasive. As a result, specialized industrial valves are utilized in the energy and power sector for a variety of purposes.
For instance, in November 2023, Emerson Electric Co. unveiled ASCO Series 327C solenoid valve, boasting a direct-acting, high-performance design that offers an exceptional flow-to-power efficiency over its counterparts. The Series 327C's design incorporates a balanced poppet mechanism, allowing for high flow rates with minimal power requirements, rendering it perfect for applications in power plants, refineries, and chemical processing sites.
Asia-Pacific Dominates Industrial Valves Market
Based on region, Asia-Pacific leads the market share of global industrial valve market, and is expected to grow during the forecast period. Emerging economies such as China and India are fueling the market growth. The region is experiencing rapid industrialization, urbanization, and infrastructure development, especially in manufacturing, energy generation, and water management, driving strong demand for industrial valves across diverse end-use sectors.
The region's large and growing oil and gas exploration and production activities, and the expansion of power generation infrastructure are the major contributors to the surging demand for industrial valves. Increasing investments in water supply and sanitation projects, and water and wastewater infrastructure development in developing Asia-Pacific countries, are propelling the sales of industrial valves. Asia-Pacific manufacturers are rapidly adopting smart and automated industrial valves equipped with sensors and IIoT capabilities to optimize operations and reduce maintenance costs. The constant research and development in China has contributed to the industry's expansion in the region.
For instance, in May 2024, China National Nuclear Corporation's (CNNC's) China Nuclear Power Research & Design Institute and CNNC's Sufa Technology Industrial Company (STIC) jointly developed a stabilizer pilot safety valve engineering prototype. Such industrial valves are used in the reactor primary loop system and play a vital role in the safe operation of the nuclear power plant.
Future Market Scenario (2024 - 2031F)
Expanding industrial spaces, the advent of industrial 4.0, and the integration of smart manufacturing technology transform the market dynamics.
The usage of advanced materials such as ceramics and cryogenics is adding value to the growth of global industrial valves market.
New technologies such as automation, IoT, artificial intelligence are being integrated with valve systems to streamline functions, ensuring higher operability and limited errors.
The industrial boom and adoption of latest valve solutions in the chemical and petrochemical industry are projected to fuel the market growth during the forecast period.
Key Players Landscape and Outlook
Key participants in the global industrial valves market focus on using advanced materials, such as ceramic and carbon steel, along with designing the industrial valves with a future-ready approach. Companies focus on integrating vales with the latest technology and automation. Alongside, strategic partnerships, collaboration, acquisitions, and product launches are used as the major elements of the market's strategic landscape.
In May 2024, IMI plc launched its first control valve for urea plants, which is set to be installed at one of the major fertilizer plants in Middle East and Africa for the first time, later in the year. The recently developed urea valve leverages IMI's broad skill set in creating, setting up, and looking after industrial valves at power plants and oil and gas refineries, along with thorough interaction with the sector.
In 2023, AVK Maskinfabrik A/S secured a large valve order in Egypt. The recently developed urea valve leverages IMI's broad skill set in creating, setting up, and looking after industrial valves at power plants and oil and gas refineries, along with thorough interaction with the sector.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.