Water and Gas Valves Market Report by Type (Quarter-turn Valves, Multi-turn Valves, Control Valves), Application (Oil and Gas Industry, Water and Wastewater Treatment Industry), and Region 2024-2032

Water and Gas Valves Market Report by Type (Quarter-turn Valves, Multi-turn Valves, Control Valves), Application (Oil and Gas Industry, Water and Wastewater Treatment Industry), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A7346
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Market Overview:

The global water and gas valves market size reached US$ 21.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 32.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032. Significant growth in the oil and gas industry, extensive research and development (R&D) activities, and rapid technological advancements represent some of the key factors driving the market.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 21.7 Billion
Market Forecast in 2032
US$ 32.6 Billion
Market Growth Rate 2024-2032 4.5%


Water and gas valves are devices that regulate the flow in one direction or the other. They are generally manufactured using aluminum, copper, brass, bronze, steel, stainless steel, polyvinyl chloride (PVC), and plastics. Water valves are widely installed in various locations throughout a building, such as at the main water supply line, individual fixtures, and appliances. On the other hand, gas valves are installed on gas lines that supply natural gas or propane to appliances such as furnaces, stoves, and water heaters. They assist in ensuring the safe operation of gas-powered machines and preventing gas leaks. Water and gas valves are used in residential buildings to regulate the supply of water and gas to appliances and fixtures such as faucets, toilets, water heaters, and stoves.

Global Water and Gas Valves Market

Water and Gas Valves Market Trends:

The significant growth in the oil and gas industry across the globe is one of the key factors creating a positive outlook for the market. Water and gas valves are widely used to regulate the flow of fluids and gasses in various stages of the extraction, production, and transportation process. In line with this, the increasing product demand that can handle high-pressure and high-temperature applications is favoring the market growth. Moreover, the widespread product adoption in the industrial sector for manufacturing processes, power generation, and other applications is acting as another growth-inducing factor. Apart from this, the development of smart valves that are equipped with sensors and other advanced technology that aids in optimizing valve performance, reducing energy consumption, and providing real-time monitoring and control is providing an impetus to the market growth. Additionally, the increasing adoption of quarter-turn valves in water systems as it allows more precise control over the flow of water or other fluid and reduces the risk of contamination, which in turn is propelling the market growth. Furthermore, the introduction of anti-corrosive coating on water and gas valves that protect them from corrosion and other forms of wear and tear and helps to extend the lifespan of the valve by reducing the need for maintenance and replacement is positively influencing the market growth. Other factors, including growing investments in infrastructure development projects, rising awareness about safety measures related to handling gasses, extensive research, and development (R&D) activities, and the implementation of various government initiatives to promote the use of water and gas valves in order to prevent spills or leaks that can harm the environment are supporting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global water and gas valves market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type, and application.

Type Insights:

  • Quarter-turn Valves
  • Multi-turn Valves
  • Control Valves
     

The report has provided a detailed breakup and analysis of the water and gas valves market based on the type. This includes quarter-turn, multi-turn, and control valves.  According to the report, quarter-turn valves represented the largest segment.

Application Insights:

  • Oil and Gas Industry
  • Water and Wastewater Treatment Industry
     

A detailed breakup and analysis of the water and gas valves market based on the application has also been provided in the report. This includes oil and gas, water, and wastewater treatment industries. According to the report, oil and gas accounted for the largest market share.

Regional Insights:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for water and gas valves. Some of the factors driving the Asia Pacific water and gas valves market included the significant growth in the oil and gas industry, widespread adoption of quarter-turn valves in water systems, and extensive research and development (R&D) activities.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global water and gas valves market. Detailed profiles of all major companies have also been provided. Some of the companies covered include 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. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Types Covered Quarter-turn Valves, Multi-turn Valves, Control Valves
Applications Covered Oil and Gas Industry, Water and Wastewater Treatment Industry
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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 Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the water and gas valves market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global water and gas valves market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the water and gas valves industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global water and gas valves market was valued at US$ 21.7 Billion in 2023.

We expect the global water and gas valves market to exhibit a CAGR of 4.5% during 2024-2032.

The introduction of smart valves that are equipped with sensors and other advanced technology, which aids in optimizing valve performance, reducing energy consumption, and providing real-time monitoring and control, is primarily driving the global water and gas valves market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries for water and gas valves.

Based on the type, the global water and gas valves market has been segregated into quarter-turn valves, multi-turn valves, and control valves. Among these, quarter-turn valves currently hold the largest market share.

Based on the application, the global water and gas valves market can be bifurcated into oil and gas industry and water and wastewater treatment industry. Currently, the oil and gas industry exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global water and gas valves market include 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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Water and Gas Valves Market Report by Type (Quarter-turn Valves, Multi-turn Valves, Control Valves), Application (Oil and Gas Industry, Water and Wastewater Treatment Industry), and Region 2024-2032
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