The North America Industrial Valves Market would witness market growth of 4.7% CAGR during the forecast period (2022-2028).
Control valve automation has developed substantially because of the increasing focus on precise automation and positioning industrial valves. A valve positioner transforms electrical signals to pneumatic signals to control the valve's knob in control valves. Therefore, automation in the valve positioner offers increased reliability, greater efficiency, and lower energy consumption, which propels the growth of the industrial valve market.
The rising automation in industrial processes, along with rapid industrialization, is one of the significant factors propelling the market's growth. Despite of this, the rising number of exploration activities in the oil & gas industry at offshore locations along with the increasing demand for energy are significant growth factors of the market. Furthermore, increasing petroleum refining plants and nuclear power stations, as well as growing pipeline installations and rapidly increasing demand for controlling and monitoring them from a centralized location, are impacting the market growth positively.
Canada is the fourth-largest producer of crude oil and the fifth-largest producer of natural gas globally, making it a leader in the oil and gas industry. The oil sands are home to 97% of Canada's known oil reserves. Since 2000, the amount of GHG emissions produced by an oil sands barrel of oil has decreased by 33%. The daily processing capacity of Canadian refineries is close to 2 million barrels of crude oil. The growing oil & gas industry would surge the usage of industrial valves, thereby supporting market growth.
The US market dominated the North America Industrial Valves Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $18068.1 Million by 2028. The Canada market is poised to grow at a CAGR of 7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.1% during (2022 - 2028).
Based on Type, the market is segmented into Globe Valves, Gate Valves, Plug Valves, Check Valves, Butterfly Valves, Ball Valves and Diaphragm Valves. Based on Material Type, the market is segmented into Steel, Cast Iron, Alloy Based, and Others. Based on Application, the market is segmented into Oil & Power, Chemical, Water & Wastewater, Food & Beverages and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Industrial Valves Market is Predict to reach $91.4 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Emerson Electric Co., Schlumberger N.V., IMI Plc., Crane Co., Flowserve Corporation, Metso Outotec Corporation, The Weir Group PLC, AVK Holding A/S, Avcon Controls Pvt. Ltd., and Forbes Marshall Pvt. Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Globe Valves
- Gate Valves
- Plug Valves
- Check Valves
- Butterfly Valves
- Ball Valves
- Diaphragm Valves
By Material Type
- Steel
- Cast Iron
- Alloy Based
- Others
By Application
- Oil & Power
- Chemical
- Water & Wastewater
- Food & Beverages
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Emerson Electric Co.
- Schlumberger N.V.
- IMI Plc.
- Crane Co.
- Flowserve Corporation
- Metso Outotec Corporation
- The Weir Group PLC
- AVK Holding A/S
- Avcon Controls Pvt. Ltd.
- Forbes Marshall Pvt. Ltd
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Industrial Valves Market, by Type
1.4.2 North America Industrial Valves Market, by Material Type
1.4.3 North America Industrial Valves Market, by Application
1.4.4 North America Industrial Valves Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Industrial Valves Market by Type
3.1 North America Globe Valves Market by Country
3.2 North America Gate Valves Market by Country
3.3 North America Plug Valves Market by Country
3.4 North America Check Valves Market by Country
3.5 North America Butterfly Valves Market by Country
3.6 North America Ball Valves Market by Country
3.7 North America Diaphragm Valves Market by Country
Chapter 4. North America Industrial Valves Market by Material Type
4.1 North America Steel Market by Country
4.2 North America Cast Iron Market by Country
4.3 North America Alloy Based Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Industrial Valves Market by Application
5.1 North America Oil & Power Market by Country
5.2 North America Chemical Market by Country
5.3 North America Water & Wastewater Market by Country
5.4 North America Food & Beverages Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Industrial Valves Market by Country
6.1 US Industrial Valves Market
6.1.1 US Industrial Valves Market by Type
6.1.2 US Industrial Valves Market by Material Type
6.1.3 US Industrial Valves Market by Application
6.2 Canada Industrial Valves Market
6.2.1 Canada Industrial Valves Market by Type
6.2.2 Canada Industrial Valves Market by Material Type
6.2.3 Canada Industrial Valves Market by Application
6.3 Mexico Industrial Valves Market
6.3.1 Mexico Industrial Valves Market by Type
6.3.2 Mexico Industrial Valves Market by Material Type
6.3.3 Mexico Industrial Valves Market by Application
6.4 Rest of North America Industrial Valves Market
6.4.1 Rest of North America Industrial Valves Market by Type
6.4.2 Rest of North America Industrial Valves Market by Material Type
6.4.3 Rest of North America Industrial Valves Market by Application
Chapter 7. Company Profiles
7.1 Emerson Electric Co.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.2 Schlumberger N.V.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.3 IMI Plc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segment & Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.4 Crane Co.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.5 Flowserve Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.6 Metso Outotec Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.7 The Weir Group PLC
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.8 AVK Holding A/S
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Acquisition and Mergers:
7.9 Avcon Controls Pvt. Ltd.
7.9.1 Company Overview
7.10. Forbes Marshall Pvt. Ltd
7.10.1 Company Overview
TABLE 1 North America Industrial Valves Market, 2018 - 2021, USD Million
TABLE 2 North America Industrial Valves Market, 2022 - 2028, USD Million
TABLE 3 North America Industrial Valves Market by Type, 2018 - 2021, USD Million
TABLE 4 North America Industrial Valves Market by Type, 2022 - 2028, USD Million
TABLE 5 North America Globe Valves Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Globe Valves Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Gate Valves Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Gate Valves Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Plug Valves Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Plug Valves Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Check Valves Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Check Valves Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Butterfly Valves Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Butterfly Valves Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Ball Valves Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Ball Valves Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Diaphragm Valves Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Diaphragm Valves Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Industrial Valves Market by Material Type, 2018 - 2021, USD Million
TABLE 20 North America Industrial Valves Market by Material Type, 2022 - 2028, USD Million
TABLE 21 North America Steel Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Steel Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Cast Iron Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Cast Iron Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Alloy Based Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Alloy Based Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Industrial Valves Market by Application, 2018 - 2021, USD Million
TABLE 30 North America Industrial Valves Market by Application, 2022 - 2028, USD Million
TABLE 31 North America Oil & Power Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Oil & Power Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Chemical Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Chemical Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Water & Wastewater Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Water & Wastewater Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Food & Beverages Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Food & Beverages Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Industrial Valves Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Industrial Valves Market by Country, 2022 - 2028, USD Million
TABLE 43 US Industrial Valves Market, 2018 - 2021, USD Million
TABLE 44 US Industrial Valves Market, 2022 - 2028, USD Million
TABLE 45 US Industrial Valves Market by Type, 2018 - 2021, USD Million
TABLE 46 US Industrial Valves Market by Type, 2022 - 2028, USD Million
TABLE 47 US Industrial Valves Market by Material Type, 2018 - 2021, USD Million
TABLE 48 US Industrial Valves Market by Material Type, 2022 - 2028, USD Million
TABLE 49 US Industrial Valves Market by Application, 2018 - 2021, USD Million
TABLE 50 US Industrial Valves Market by Application, 2022 - 2028, USD Million
TABLE 51 Canada Industrial Valves Market, 2018 - 2021, USD Million
TABLE 52 Canada Industrial Valves Market, 2022 - 2028, USD Million
TABLE 53 Canada Industrial Valves Market by Type, 2018 - 2021, USD Million
TABLE 54 Canada Industrial Valves Market by Type, 2022 - 2028, USD Million
TABLE 55 Canada Industrial Valves Market by Material Type, 2018 - 2021, USD Million
TABLE 56 Canada Industrial Valves Market by Material Type, 2022 - 2028, USD Million
TABLE 57 Canada Industrial Valves Market by Application, 2018 - 2021, USD Million
TABLE 58 Canada Industrial Valves Market by Application, 2022 - 2028, USD Million
TABLE 59 Mexico Industrial Valves Market, 2018 - 2021, USD Million
TABLE 60 Mexico Industrial Valves Market, 2022 - 2028, USD Million
TABLE 61 Mexico Industrial Valves Market by Type, 2018 - 2021, USD Million
TABLE 62 Mexico Industrial Valves Market by Type, 2022 - 2028, USD Million
TABLE 63 Mexico Industrial Valves Market by Material Type, 2018 - 2021, USD Million
TABLE 64 Mexico Industrial Valves Market by Material Type, 2022 - 2028, USD Million
TABLE 65 Mexico Industrial Valves Market by Application, 2018 - 2021, USD Million
TABLE 66 Mexico Industrial Valves Market by Application, 2022 - 2028, USD Million
TABLE 67 Rest of North America Industrial Valves Market, 2018 - 2021, USD Million
TABLE 68 Rest of North America Industrial Valves Market, 2022 - 2028, USD Million
TABLE 69 Rest of North America Industrial Valves Market by Type, 2018 - 2021, USD Million
TABLE 70 Rest of North America Industrial Valves Market by Type, 2022 - 2028, USD Million
TABLE 71 Rest of North America Industrial Valves Market by Material Type, 2018 - 2021, USD Million
TABLE 72 Rest of North America Industrial Valves Market by Material Type, 2022 - 2028, USD Million
TABLE 73 Rest of North America Industrial Valves Market by Application, 2018 - 2021, USD Million
TABLE 74 Rest of North America Industrial Valves Market by Application, 2022 - 2028, USD Million
TABLE 75 Key Information – Emerson Electric Co.
TABLE 76 key information – Schlumberger N.V.
TABLE 77 Key information – IMI Plc.
TABLE 78 Key Information – Crane Co.
TABLE 79 Key Information – Flowserve Corporation
TABLE 80 Key Information – Metso Outotec Corporation
TABLE 81 Key Information – The Weir Group PLC
TABLE 82 Key Information – AVK Holding A/S
TABLE 83 key information – Avcon Controls Pvt. Ltd.
TABLE 84 Key Information – Forbes Marshall Pvt. Ltd
List of Figures
FIG 1 Methodology for the research