What Transformation Has the Isolation Valves Market Undergone?
The isolation valves market has seen considerable growth due to a variety of factors.
•The market for isolation valves has seen consistent expansion in the past few years. It is projected to increase from $3.71 billion in 2024 to $3.9 billion in 2025, showcasing a compound annual growth rate (CAGR) of 4.9%.
The historical growth is linked to factors such as industrial growth and infrastructure advancement, diversification of the market across different sectors, the need for maintenance and replacements, environmental issues and efficiency considerations, as well as globalization and market proliferation.
How Will The Isolation Valves Market Size Evolve In The Foreseeable Future?
The isolation valves market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for isolation valves is projected to experience robust expansion in the ensuing years, escalating to "$5.11 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%.
The growth during the projected period is credited to growth in industry-specific demand, surge in infrastructure projects, heightened need for maintenance and replacement, market infiltration in budding economies, and augmentation of environmental regulations. Key trends in the forecast period encompass enhancement of operational efficiency and cost reduction, automation and intelligent valve solutions, advancements in valve design technology, demands for environmental sustainability, industry-specific applications and customization.
Which Key Drivers Are Propelling The Isolation Valves Market's Growth?
The expansion of the oil and gas industry is projected to fuel the growth of the isolation valve market in the future. The oil and gas industry encompasses the worldwide activities of exploration, extraction, processing, transport, and distribution of petroleum and natural gas products, catering to various sectors like transport, manufacturing, and power generation. Isolation valves hold a crucial role within this industry, utilized to block off certain areas of a pipeline or process system to enable maintenance, repair, and safety measures, and to regulate fluid or gas flow, prevent reverse flow, and manage pressure levels. For example, in September 2024, per the UK's revenue, payments, and customs authority, His Majesty's Revenue and Customs, the total revenues from UK oil and gas production stood at $11.70 billion for the fiscal year 2022 to 2023, up from $1.82 billion in 2021 to 2022, marking a growth of $9.88 billion. Hence, the booming oil and gas industry is positively influencing the growth trajectory of the isolation valve market into the future.
What Are The Key Segments Within The Global Isolation Valves Market?
The isolation valves market covered in this report is segmented –
1) By Type: Ball Valves, Butterfly Valves, Knife Gate Valves, Plug Valves, Other Types
2) By Operation Type: Automated Valve, Manual Valve
3) By Sales Type: Original Equipment (OE), After market
4) By End-Use Industry: Oil And Gas , Power Generation, Chemical And Petrochemical, Water And Wastewater, Other End-Use Industries
Subsegments:
1) By Ball Valves: Full-Bore Ball Valves, Reduced-Bore Ball Valves, Trunnion Mounted Ball Valves
2) By Butterfly Valves: Centric Butterfly Valves, Eccentric Butterfly Valves, Double Eccentric Butterfly Valves, Triple Eccentric Butterfly Valves
3) By Knife Gate Valves: Manual Knife Gate Valves, Automated Knife Gate Valves
4) By Plug Valves: Lubricated Plug Valves, Non-Lubricated Plug Valves
5) By Other Types: Diaphragm Valves, Gate Valves, Check Valves
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How Are New Trends Impacting The Size Of The Isolation Valves Market?
Key players in the isolation valve market are focusing their efforts on releasing innovative products like bonnet ball valves in order to advance their low-temperature ball valve series. This kind of extension bonnet was specifically created to stop the stem sealing area from freezing and has a ventilation hole in the ball to avert high cavity pressure. In the case of Kitz Corporation, a company based in Japan that specializes in manufacturing and selling valves, they introduced a new extension bonnet ball valve in November 2022. This product was developed to enhance the company's low-temperature ball valve series which serves various sectors, including oil and gas, water and wastewater treatment, and chemical processing. In addition, they provide a collection of ball valves equipped with numerous safety attributes, such as vented balls, blowout-proof stems, and prevention of lever misalignment, all in the aim of boosting the overall safety and dependability of their ball valve goods.
Who Are the Key Players in the Isolation Valves Market?
Major companies operating in the isolation valves market include:
• Emerson Electric Co
• Orion Valves
• KITZ Corporation
• Spirax-Sarco Engineering PLC.
• The Weir Group PLC.
• Flowserve Corporation
• Velan Inc.
• Crane Co
• Trillium Flow Technologies
• MKS Instruments Inc.
• Forbes Marshall
• Baker Hughes Company
• Colton Industries
• Della Foglia Srl
• American Expedition Vehicles
• Cameron International Corporation
• Fluidline Valves Co. Pvt. Ltd.
• FBV Inc.
• Yean Hern Corp.
• BOTELI Valve Group
• Alco Valves
• Hy-Lok USA Inc.
• High Pressure Equipment Company
What are the Regional Insights into the Isolation Valves Market?
Asia-Pacific was the largest region in the isolation valve market in 2024. The regions covered in the isolation valves market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
