What Has Been the Growth of the Commercial Valves Market So Far?
The commercial valves market has seen considerable growth due to a variety of factors.
• The commercial valves market has grown significantly in recent years. It is projected to rise from $2.86 billion in 2024 to $3.04 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.4%.
The historical growth is driven by industrialization, the increasing need for efficient fluid control systems in buildings due to growing construction activities, infrastructure development in emerging economies, and rising demand for water and wastewater treatment solutions.
What Are the Future Growth Projections for the Commercial Valves Market?
The commercial valves market is expected to maintain its strong growth trajectory in upcoming years.
• The commercial valves market is expected to grow to $3.84 billion by 2029, at a CAGR of 6.0%.
This growth is driven by the oil and gas industry's expansion, advancements in valve technology, growth in the chemical and petrochemical industries, IoT and automation adoption, and stricter environmental regulations. Key trends include IoT and automation integration, advanced materials for durability, smart valves, energy-efficient designs, and market expansion into emerging regions.
What Are The Core Factors Supporting Growth In The Commercial Valves Market?
The rise in industrialization is also expected to drive the commercial valves market. Industrialization, characterized by increased production and technical processes, leads to a greater demand for goods and services. Commercial valves regulate fluid flow in industrial processes, ensuring efficient operations. For example, in July 2023, Eurostat reported a slight increase in industrial production in the European Union, contributing to the growth of the commercial valves market.
What Are The Major Segments Within The Global Commercial Valves Market?
The 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
Subsegments:
1) By Ball Valves: Floating Ball Valves, Trunnion Ball Valves, V-Port Ball Valves, Cavity Filled Ball Valves
2) By Check Valves: Swing Check Valves, Lift Check Valves, Tilting Disc Check Valves, Spring-Loaded Check Valves
3) By Butterfly Valves: Wafer Style Butterfly Valves, Lug Style Butterfly Valves, Flanged Style Butterfly Valves, High Performance Butterfly Valves
4) By Balancing Valves: Manual Balancing Valves, Automatic Balancing Valves, Pressure Independent Balancing Valves, Flow Control Balancing Valves
5) By Gate Valves: Rising Stem Gate Valves, Non-Rising Stem Gate Valves, Wedge Gate Valves, Parallel Gate Valves
6) By Globe Valves: Linear Globe Valves, Angle Globe Valves, Pressure-Regulating Globe Valves, High-Pressure Globe Valves
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Which Emerging Market Trends Are Altering The Commercial Valves Industry?
Companies in the commercial valves market are investing in high-flow and high-pressure designs to enhance fluid movement and system durability. For example, Emerson Electric introduced the ASCO Series 148-149 Safety Valve in April 2024, featuring rapid operation and built-in diagnostics for real-time performance monitoring, ensuring operational safety under high-pressure conditions.
Who Are the Key Players In The Commercial Valves Market?
Major companies operating in the commercial valves market are:
• Schlumberger Company
• Parker Hannifin Corporation
• Emerson Electric Co.
• Pentair plc
• Flowserve Corporation
• The Weir Group PLC
• Crane Co.
• KSB SE & Co. KGaA
• Curtiss-Wright Corporation
• IMI plc
• Watts Water Technologies Inc.
• Spirax-Sarco Engineering plc
• Mueller Water Products Inc.
• AVK Holding A/S
• KITZ Corporation
• Samson AG
• Rotork plc
• NIBCO Inc.
• Neway Valve Co. Ltd.
• Velan Inc.
• Valvitalia S.p.A.
• Bray International Inc.
• Cla-Val Company
• Habonim Industrial Valves & Actuators
What Is The Most Dominant Region In The Commercial Valves Market?
Asia-Pacific was the largest region in the commercial valve market in 2024. 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.
