Industrial Valves Market is segmented By Valve Type (Butterfly Valves, Ball Valves, Globe Valves, Ga....
Market Size in USD Bn
CAGR12.6%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 12.6% |
Market Concentration | High |
Major Players | Avcon Controls Private Limited, AVK Holding A/S, Crane Co., Metso Corporation, Schlumberger Limited and Among Others |
The industrial valves market is estimated to be valued at USD 76.9 Bn in 2024 and is expected to reach USD 176.5 Bn by 2031. It is estimated to grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031. The industrial valves market is witnessing positive trends such as growing adoption of smart valves and emergence of collaborative robots.