Water and Gas Valve Market: Global Market Analysis and Forecast 2023-2029

The Water and Gas Valve Market size was valued as a US $ 6.1 Bn market in 2022 and is expected to grow at a CAGR of 4.7% to become a US $ 8.41 Bn market by 2029.

The water and gas valve market is a significant sector of the global valve market. This market includes all types of valves used in a variety of applications. Water and gas valves are designed specifically to regulate the flow of water and gas in residential, commercial, and industrial applications.

The water and gas valve market can be segmented based on several factors, including the type of valve, application, end-user industry, and geography. Based on the type of valve, the market can be classified into ball valves, gate valves, butterfly valves, globe valves, check valves, diaphragm valves, and others. Ball valves are the most widely used type of valve due to their high reliability, ease of maintenance, and efficient operation. Gate valves are commonly used in the oil and gas industry, while butterfly valves are widely used in the water and wastewater treatment industry.

Based on application, the water and gas valve market can be segmented into residential, commercial, and industrial sectors. The residential sector is expected to dominate the market due to the increasing demand for smart homes and the trend towards eco-friendly buildings. The commercial sector includes office buildings, hospitals, hotels, and other public facilities, while the industrial sector includes chemical and petrochemical plants, oil and gas refineries, power generation plants, and others.

End-user industries that use water and gas valves include oil and gas, water and wastewater treatment, power generation, chemical and petrochemical, and others. Geographically, the water and gas valve market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to dominate the market due to the increasing number of construction projects in the region, particularly in China and India. North America and Europe are also expected to witness significant growth due to the presence of well-established infrastructure and the adoption of advanced technologies.

The key players operating in the water and gas valve market include Emerson Electric Co., Flowserve Corporation, General Electric Company, Honeywell International Inc., Pentair plc, and Watts Water Technologies, Inc. These water and gas valve manufacturer companies are focusing on new product development, strategic collaborations, and mergers and acquisitions to gain a competitive edge in the market.

The water and gas valve market is expected to witness growth in the forecasted period due to the increasing demand for energy-efficient and eco-friendly solutions in residential, commercial, and industrial applications. The market is highly competitive, with key players investing in research and development activities to offer innovative products and gain a larger market share.
Water and Gas Valve Market Research Methodology
The research utilised primary and secondary data sources to ensure that all possible market factors were thoroughly examined and validated. The market size for top-level markets and sub-segments is normalized and the impact of inflation, economic downturns, regulatory & policy changes, and other variables is factored into the market forecast.

The bottom-up approach and multiple data triangulation methodologies are used to estimate the Water and Gas Valve Market size and forecasts. The percentage splits, market shares and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise analysis of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country. Major players in the market are identified through secondary research based on indicators that include market revenue, price, services offered, advancements, mergers and acquisitions, and joint.

Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive market engineering and calculations for market statistics, market size estimations, market forecasts, market breakdown, and data triangulation.


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Water and Gas Valve Market Dynamics
The increasing demand for energy-efficient solutions is driving the growth of the water and gas valve market. As energy prices continue to rise, there is a growing demand for valves that can help reduce energy consumption and lower operating costs. For instance, Honeywell International Inc. has developed the Solstice line of HFO refrigerants that reduce energy consumption and greenhouse gas emissions by up to 99.9%. Water conservation has become a critical issue in many parts of the world, and the use of water-efficient valves is becoming more prevalent in the residential, commercial, and industrial sectors. For example, Danfoss Group has developed the AB-QM pressure-independent control valve that ensures stable water flow, reduces energy consumption, and lowers operating costs.

The growing number of construction activities across the world, particularly in emerging economies, is driving the demand for water and gas valves in various applications. The increasing concern about the impact of greenhouse gas emissions on the environment is driving the demand for valves that can help reduce emissions and promote sustainable development. For example, Schlumberger Limited has developed the Cameron T31 fully welded ball valve that reduces greenhouse gas emissions and improves safety in various applications.

The high cost of advanced valve technologies, such as smart valves and automated valves, is a significant challenge for many end-users in the water and gas valve market. The high maintenance and repair costs associated with water and gas valves can be a significant challenge for end-users, particularly those in the industrial sector. For instance, the maintenance and repair costs of the Fisher control valve can be relatively high compared to conventional valves.

The growth of the industrial sector, particularly in emerging economies, presents significant opportunities for the water and gas valve market. The increasing adoption of smart valves in the water and gas valve market presents opportunities for valve manufacturers to develop innovative products that meet the evolving needs of end-users. For example, Siemens AG has developed the Acvatix smart valve that can be remotely monitored and controlled.

Automation is becoming an essential trend in the water and gas valve market, with manufacturers developing advanced valve technologies that can be controlled remotely. For instance, ABB Group has developed the TZIDC smart positioner that can be integrated with various control systems and controlled remotely. The demand for smart valves, which can be monitored and controlled remotely, is increasing in the water and gas valve market, particularly in the industrial sector. The Danfoss AB-QM pressure independent control valve can be remotely monitored and controlled. IoT technology is being increasingly adopted in the water and gas valve market, with valve manufacturers developing products that can be integrated with IoT-enabled systems to enhance valve performance and reduce energy consumption. Schneider Electric SE has developed the Acti9 iEM3000 series of energy meters that can be integrated with various IoT-enabled systems.
Water and Gas Valve Market Segment Analysis
Water and Gas Valve Market by Valve Type

Ball Valves: Ball valves have a spherical disc that controls the flow of water or gas by rotating around its axis. They are commonly used in industrial applications, such as oil and gas, due to their ability to handle high-pressure applications.

Gate Valves: Gate valves have a gate-shaped disc that is lifted to allow the flow of water or gas and lowered to stop the flow. They are commonly used in water treatment plants, as they can handle high flow rates.

Globe Valves: Globe valves have a disc that moves up and down to control the flow of water or gas. They are commonly used in applications that require precise control of flow, such as in the chemical and pharmaceutical industries.
Check Valves: Check valves allow the flow of water or gas in only one direction. They are commonly used in applications that require the prevention of backflow, such as in water and wastewater treatment plants.

Butterfly Valves: Butterfly valves have a circular disc that rotates around its axis to control the flow of water or gas. They are commonly used in applications that require a low-pressure drop, such as in the HVAC industry.

Diaphragm Valves: Diaphragm valves have a flexible diaphragm that controls the flow of water or gas. They are commonly used in applications that require precise control and isolation of the flow, such as in the pharmaceutical and food industries.
Pinch Valves: Pinch valves have a sleeve that is pinched to control the flow of water or gas. They are commonly used in applications that require a high degree of cleanliness, such as in the medical and biotech industries.

Plug Valves: Plug valves have a cylindrical or conical plug that rotates to control the flow of water or gas. They are commonly used in applications that require a high degree of reliability, such as in the chemical and petrochemical industries.

Water and Gas Valve Market by Material

Steel: Steel valves are made from a variety of steel alloys, including carbon steel, alloy steel, and stainless steel. They are known for their strength, durability, and resistance to corrosion. Steel valves are used in a variety of applications, including water and gas distribution, oil and gas production, and chemical processing.

Brass: Brass valves are made from a copper-zinc alloy. They are known for their corrosion resistance, machinability, and low cost. Brass valves are used in a variety of applications, including water and gas distribution, HVAC, and industrial applications.

Stainless steel: Stainless steel valves are made from a variety of stainless steel alloys, including 304 and 316 stainless steel. They are known for their corrosion resistance, strength, and durability. Stainless steel valves are used in a variety of applications, including food and beverage processing, chemical processing, and marine applications.

Cast iron: Cast iron valves are made from a cast iron alloy. They are known for their strength, durability, and resistance to high temperatures. Cast iron valves are used in a variety of applications, including water and gas distribution, fire protection, and industrial applications.

Plastic: Plastic valves are made from a variety of plastics, including polyvinyl chloride (PVC), polyethene (PE), and polypropylene (PP). They are known for their lightweight, corrosion resistance, and low cost. Plastic valves are used in a variety of applications, including water and gas distribution, HVAC, and plumbing applications.

Water and Gas Valve Market by End-use Industry

Oil and Gas Industry: The oil and gas industry is one of the largest consumers of water and gas valves. Valves used in this industry need to be able to handle high pressure and temperature conditions. Valves used in this industry include ball valves, gate valves, and butterfly valves.

Water and Wastewater Treatment Industry: Valves used in the water and wastewater treatment industry need to be able to handle a wide range of fluids and chemicals. Valves used in this industry include gate valves, check valves, and diaphragm valves.

Chemical Industry: The chemical industry requires valves that can handle a wide range of chemicals and corrosive fluids. Valves used in this industry include ball valves, globe valves, and diaphragm valves.
Power Generation Industry: Valves used in the power generation industry need to be able to handle high-pressure and temperature conditions. Valves used in this industry include gate valves, globe valves, and check valves.

Food and Beverage Industry: Valves used in the food and beverage industry need to be able to handle fluids that are safe for consumption. Valves used in this industry include ball valves, diaphragm valves, and butterfly valves.

Pharmaceutical Industry: Valves used in the pharmaceutical industry need to be able to handle fluids that are free from contamination. Valves used in this industry include diaphragm valves and pinch valves.

HVAC Industry: The HVAC industry requires valves that can handle a wide range of fluids and gases at varying temperatures. Valves used in this industry include butterfly valves, ball valves, and globe valves.

Water and Gas Valve Market by Application

Residential: The residential application is the largest segment of the water and gas valve market. This is due to the increasing demand for water and gas in homes and apartments. The growth of residential applications is expected to be driven by the increasing population, the rising standard of living, and the growing urbanization.

Commercial: The commercial application is the second largest segment of the water and gas valve market. This is due to the increasing demand for water and gas in businesses and other non-residential settings. The growth of commercial applications is expected to be driven by increasing economic activity, the rising demand for energy-efficient buildings, and the growing construction industry.
Industrial: The industrial application is the third largest segment of the water and gas valve market. This is due to the increasing demand for water and gas in factories and other industrial settings. The growth of industrial applications is expected to be driven by the increasing demand for energy, the rising production of goods, and the growing manufacturing industry.
Water and Gas Valve Market Regional Insights
North America: This region includes the United States, Canada, and Mexico. The water and gas valve market in North America is expected to grow at a moderate rate, driven by factors such as increasing demand for industrial valves and the replacement of aging infrastructure.

Europe: This region includes countries such as Germany, the United Kingdom, France, Italy, and Spain. The water and gas valve market in Europe is expected to grow, driven by factors such as increasing demand for water and gas infrastructure and the development of smart cities.

Asia Pacific: This region includes countries such as China, India, Japan, South Korea, and Australia. The water and gas valve market in Asia Pacific is expected to grow at a rapid pace, driven by factors such as increasing urbanization, rising demand for water and gas infrastructure, and increasing investments in industrial sectors.

Middle East and Africa: This region includes countries such as Saudi Arabia, UAE, Egypt, South Africa, and Nigeria. The water and gas valve market in Middle East and Africa is expected to grow at a steady pace, driven by factors such as increasing demand for water and gas infrastructure and the development of smart cities.

Latin America: This region includes countries such as Brazil, Mexico, Argentina, and Chile. The water and gas valve market in Latin America is expected to grow at a moderate pace, driven by factors such as increasing demand for industrial valves and the replacement of aging infrastructure.
Water and Gas Valve Market by Competitive Analysis
The water and gas valve market is highly competitive and fragmented, with a large number of players operating in the market. Water and gas valve manufacturing companies are competing on the basis of product innovation, quality, price, and customer service. To gain a competitive edge in the market, companies are investing heavily in research and development to develop new and advanced products that cater to the changing needs of customers. Among the key players in the market are Emerson Electric Co., Flowserve Corporation, Crane Co., Cameron International Corporation, Kitz Corporation, AVK Holding A/S, and IMI Plc.

Water and Gas Valve manufacturing Companies are also focusing on expanding their distribution networks and strengthening their presence in emerging markets such as Asia Pacific and Latin America, which offer significant growth opportunities. Some companies are also engaging in mergers and acquisitions to expand their product portfolio and increase their market share.

The water and gas valve market is expected to remain highly competitive in the coming years, with players focusing on innovation and strategic partnerships to stay ahead of the competition. Companies that can successfully adapt to changing market conditions and customer needs are likely to emerge as market leaders in the long run.
Water and Gas Valve Market Scope: Inquire before buying



Water and Gas Valve Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
USD 6.1 Bn.


Forecast Period 2023 to 2029 CAGR:
4.7
Market Size in 2029:
USD 8.41 Bn.


 Segments Covered:
by Valve type
1.Ball Valves
2.Gate Valves
3.Globe Valves
4.Check Valves
5.Butterfly Valves
6.Diaphragm Valves
7.Pinch Valves
8.Plug Valves


by End-use Industry
1.Oil and Gas Industry
2.Water and Wastewater Treatment Industry
3.Chemical Industry
4.Power Generation Industry
5.Food and Beverage Industry
6.Pharmaceutical Industry
7.HVAC Industry


by Material
1.Steel
2.Brass
3.Stainless steel
4.Cast iron
5.Plastic


by Application
1.Residential
2.Commercial
3.Industrial



Water and Gas Valve Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Water and Gas Valve Market Key players
The report has covered the profiles of the below Water and Gas valve companies in a strategic perspective. These key Water and Gas Valve Manufacturers have been selected based on certain criteria.

North America:

1.Emerson Electric Co. - St. Louis, Missouri, United States
2.Flowserve Corporation - Irving, Texas, United States
3.Crane Co. - Stamford, Connecticut, United States
4. Mueller Water Products, Inc. - Atlanta, Georgia, United States
5.Watts Water Technologies, Inc. - North Andover, Massachusetts, United States

Europe:

1.AVK Holding A/S - Galten, Denmark
2.KSB SE & Co. KGaA - Frankenthal, Germany
3. IMI Plc - Birmingham, United Kingdom
4.GEA Group AG - Düsseldorf, Germany
5. Spirax-Sarco Engineering plc - Cheltenham, United Kingdom

Asia Pacific:

1.Kitz Corporation - Tokyo, Japan
2.Hitachi, Ltd. - Tokyo, Japan
3.The Weir Group PLC - Glasgow, Scotland, United Kingdom
4. Fujikin Incorporated - Yamanashi, Japan
5. Neway Valve (Suzhou) Co., Ltd. - Suzhou, China

Latin America:

1.Rotork plc - Bath, United Kingdom
2. Emerson Electric Co. - St. Louis, Missouri, United States
3. WEG S.A. - Jaraguá do Sul, Brazil
4.FMC Technologies, Inc. - Houston, Texas, United States
5.Metso Outotec Corporation - Espoo, Finland

Middle East & Africa:

1. Velan Inc. - Montréal, Quebec, Canada
2.Emerson Electric Co. - St. Louis, Missouri, United States
3.General Electric Company - Boston, Massachusetts, United States
4. Böhmer Armaturen GmbH - Ostfildern, Germany
5.Schlumberger Limited - Houston, Texas, United States

FAQ’s

1: What is the water and gas valve market?
Ans: The water and gas valve market refers to the industry involved in the manufacturing, distribution, and sale of valves used for controlling the flow of water and gas in various applications.

2:What are the key factors driving the water and gas valve market?
Ans:The key drivers of the water and gas valve market include increasing demand for water and gas infrastructure, growth in industrial sectors, replacement of aging infrastructure, and emphasis on energy efficiency and environmental sustainability.

3:What are the challenges faced by the water and gas valve market?
Ans:Some challenges faced by the water and gas valve market include intense competition among market players, fluctuating raw material prices, stringent regulations and standards, and the need for continuous technological advancements.

4:What are the growth opportunities in the water and gas valve market?
Ans:The water and gas valve market presents opportunities for growth through the development of smart valves, expansion into emerging markets, adoption of IoT and automation technologies, and catering to specific industry needs such as oil and gas, water treatment, and power generation.

5:What are the current trends in the water and gas valve market?
Ans:Some current trends in the water and gas valve market include the adoption of advanced materials for valve manufacturing, increasing focus on digitalization and connectivity in valve systems, rising demand for valve maintenance and repair services, and the integration of smart technologies for enhanced efficiency and monitoring.