The South Korea industrial valves market size reached USD 1,490.36 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 2,507.26 Million by 2033, exhibiting a growth rate (CAGR) of 5.95% during 2025-2033. The market is primarily driven by robust growth in end-user industries such as oil & gas, power generation, and chemical processing. Increasing focus on industrial automation, stringent safety regulations, and infrastructure development projects also collectively influence the South Korea industrial valves market share.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 1,490.36 Million |
Market Forecast in 2033 | USD 2,507.26 Million |
Market Growth Rate 2025-2033 | 5.95% |
Growing Demand from Key End-User Industries
The South Korea industrial valves market is significantly propelled by the sustained growth and expansion of its core end-user industries. Sectors such as oil and gas, power generation (including conventional and renewable energy), chemicals, and water & wastewater treatment are undergoing continuous development and modernization. These industries inherently require a vast array of industrial valves for precise flow control, pressure regulation, and safety mechanisms in their complex processes. The ongoing investments in new projects, capacity expansions, and maintenance activities within these vital sectors directly translate into a consistent and increasing demand for various types of industrial valves, thereby driving the South Korea industrial valves market growth. For instance, in May 2024, PK Valve & Engineering, Korea’s largest industrial valve manufacturer, showcased advanced valve solutions for hydrogen applications at the World Hydrogen Summit 2024. Highlighting products like Cryogenic Ball and Butterfly Valves and LH2 Valves, the company emphasized innovation, quality, and reliability across sectors including nuclear, marine, oil & gas, and LNG. The event gathered over 400 global hydrogen industry players, with PK Valve reinforcing its leadership in industrial valve technology for critical processes.
Focus on Automation and Smart Valve Technologies
A prominent trend in the South Korea industrial valves market is the increasing adoption of automation and smart valve technologies. Industries are progressively integrating advanced valve solutions equipped with IoT capabilities for real-time monitoring, remote control, and predictive maintenance. This shift towards digitalization enhances operational efficiency, reduces downtime, and improves overall safety in industrial processes. The ability of smart valves to provide crucial data for optimizing performance and identifying potential issues before they lead to failures is highly appealing to businesses striving for higher productivity and cost-effectiveness, significantly contributing to the South Korea industrial valves market growth. For instance, as of April 2025, Valmet’s Flow Control business, known for its industrial valve brands like Neles and Jamesbury, is driving South Korea’s flow control industry transformation. Focusing on safety, reliability, and maintenance, Valmet supports key sectors such as refining, pulp & paper, and renewable energy. The company emphasizes digitalization and sustainability, upgrading assets with smart technology and enhancing local customer support to boost efficiency and adapt to market volatility.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country/regional level for 2025-2033. Our report has categorized the market based on product type, functionality, material, size, and end use industry.
Product Type Insights:
The report has provided a detailed breakup and analysis of the market based on the product type. This includes gate valve, globe valve, butterfly valve, ball valve, check valve, plug valve, and others.
Functionality Insights:
A detailed breakup and analysis of the market based on functionality has also been provided in the report. This includes on-off/isolation valves and control valves.
Material Insights:
The report has provided a detailed breakup and analysis of the market based on the material. This includes steel, cast iron, alloy based, and others.
Size Insights:
A detailed breakup and analysis of the market based on size has also been provided in the report. This includes upto 1”, 1”-6”, 7”-25”, 26”-50”, and 51” and above.
End Use Industry Insights:
The report has provided a detailed breakup and analysis of the market based on the end use industry. This includes oil and gas, power, pharmaceutical, water and wastewater treatment, chemical, food and beverage, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Product Types Covered | Gate Valve, Globe Valve, Butterfly Valve, Ball Valve, Check Valve, Plug Valve, Others |
Functionalities Covered | On-Off/Isolation Valves, Control Valves |
Materials Covered | Steel, Cast Iron, Alloy Based, Others |
Sizes Covered | Upto 1”, 1”-6”, 7”-25”, 26”-50”, 51” and Above |
End Use Industries Covered | Oil and Gas, Power, Pharmaceutical, Water and Wastewater Treatment, Chemical, Food and Beverage, Others |
Regions Covered | Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), Others |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: