According to the latest report by IMARC Group, titled “Water and Gas Valves Market by Type (Quarter-turn Valves, Multi-turn Valves, Control Valves), Application (Oil and Gas Industry, Water and Wastewater Treatment Industry), and Region 2023-2028,” the global water and gas valves market size reached US$ 20.64 Billion in 2022. Water and gas valves are essential components of plumbing and utility systems, serving to control the flow of water and gas through pipes and pipelines. These valves play a crucial role in regulating the distribution, pressure, and direction of fluids within residential, commercial, and industrial settings. They are designed to control the flow of water, allowing users to start, stop, or adjust the amount of water passing through pipes. They are commonly found in household plumbing systems, irrigation systems, and municipal water supply networks. Water valves come in various types, such as gate valves, ball valves, and butterfly valves, each suited for specific applications based on their design and mechanism. Gas valves, on the other hand, are employed to manage the flow of natural gas or propane in gas pipelines. They are vital for ensuring the safe and efficient distribution of gas to homes, businesses, and industrial facilities.
Global Water and Gas Valves Market Trends:
The global market is primarily driven by significant growth in oil and gas industry. Moreover, as several countries undergo rapid urban development and infrastructural expansion, the demand for efficient water and gas distribution systems rises, necessitating the installation and upgrade of valves for effective control and management. Additionally, the increasing awareness and concerns regarding environmental sustainability and resource conservation are prompting a shift towards more sophisticated and automated valve solutions. These solutions not only enable accurate flow control but also contribute to minimizing leakages, optimizing resource utilization, and reducing energy consumption. Furthermore, continual technological advancements are playing a pivotal role in supporting the market. The integration of smart technologies, such as the Internet of Things (IoT) and data analytics, into valve systems is enhancing their performance monitoring, predictive maintenance capabilities, and remote control functionalities. This, in turn, leads to improved operational efficiency, reduced downtime, and enhanced overall system reliability. Looking forward, the market value is projected to reach US$ 28.25 Billion by 2028, expanding at a CAGR of 5.15% during 2023-2028.
- Based on the type, the market has been segmented into quarter-turn, multi-turn, and control valves. Currently, the quarter-turn valves represent the largest market segment.
- On the basis of the application, the market has been divided into oil and gas, and water and wastewater treatment industries. Among these, the oil and gas industry exhibit a clear dominance in the market.
- Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and the Middle East and Africa. Among these, Asia Pacific holds the leading position in the market.
- The competitive landscape of the market has also been examined, with some of the key players being Crane Holdings Co., Curtiss-Wright Corporation, Emerson Electric Co., Flowserve Corporation, Honeywell International Inc., KSB SE & Co. KGaA, Schlumberger Limited, and Watts Water Technologies Inc.
|Base Year of the Analysis
||Quarter-turn Valves, Multi-turn Valves, Control Valves
||Oil and Gas Industry, Water and Wastewater Treatment Industry
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Crane Holdings Co., Curtiss-Wright Corporation, Emerson Electric Co., Flowserve Corporation, Honeywell International Inc., KSB SE & Co. KGaA, Schlumberger Limited, Watts Water Technologies Inc., etc.
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