Commercial valves are mechanical devices designed to regulate, control, and direct the flow of fluids such as liquids, gases, and slurries in various industrial applications. Made from durable materials such as stainless steel, brass, or plastic, commercial valves ensure efficient and safe operation of fluid systems. Their design and functionality are crucial for maintaining system performance and reliability.
Commercial Valves Global Market Report 2024 provides data on the global commercial valves market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The commercial valves market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
The commercial valve market has seen substantial growth in recent years. It will increase from $2.69 billion in 2023 to $2.86 billion in 2024, at a CAGR of 6.0%. This growth has been fueled by rising industrialization, increased demand for valves across various sectors, construction activity driving fluid control system needs, infrastructure development in emerging economies, and a focus on energy efficiency. The market is projected to reach $3.63 billion by 2028, growing at a CAGR of 6.2%. This expansion is attributed to the growing oil and gas industry, advancements in valve technology, increased demand for specialized valves in chemical and petrochemical industries, the adoption of automation and IoT in industrial applications, and rising environmental regulations. Key trends include IoT and automation integration, development of advanced materials for better performance in extreme conditions, growth in smart and digital valves, and a focus on energy-efficient and sustainable solutions.
The growing industrialization is expected to promote the expansion of the commercial valves market. Industrialization refers to the transition of economies from agrarian to industrial-based, characterized by manufacturing growth, advanced technical processes, and higher production efficiency. Industrialization is driven by increasing demand for goods and services, which boosts production capabilities and economic growth. Commercial valves are crucial for regulating fluid flow in industrial processes, ensuring efficient and safe operations. For example, in July 2023, Eurostat reported that industrial production in the European area rose by 0.2% in May 2023, and by 0.1% in the EU compared to April 2023. Therefore, the increasing pace of industrialization is spurring growth in the commercial valves market.
Get Your Free Sample of the Global Commercial Valves Market ReportThe commercial valves market covered in this report is segmented –
1) By Valves: Ball Valves, Check Valves, Butterfly Valves, Balancing Valves, Gate Valves, Globe Valves
2) By Material Type: Alloy Based, Cast Iron, Steel, Other Materials
3) By Distribution Channels: Direct Sales, Indirect Sales
Leading players in the commercial valves market are focusing on advanced technologies, such as high-flow and high-pressure designs, to secure a competitive edge. These designs ensure efficient fluid movement while maintaining durability and structural integrity under high-pressure conditions. For example, in April 2024, Emerson Electric Co., a US-based engineering and technology company, unveiled the ASCO Series 148-149 Safety Valve and Motorized Actuator. This product features quick operation with rapid opening and closing within a second and enhanced sealing to prevent leaks under high pressure. It also incorporates built-in diagnostics for real-time performance monitoring, ensuring operational safety.
Asia-Pacific was the largest region in the commercial valve market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.