Gas Valve Market size was estimated at USD 6.6 billion in 2024 and is projected to attain USD 11.4 billion in 2037, surging at a CAGR of 4.7% during the forecast period i.e. 2025 to 2037. In 2025, the industry size of gas valve is evaluated to reach USD 6.9 billion.
The is growing remarkably, driven by the growing demand for natural gas under global efforts towards reducing emissions and switching to cleaner sources of energy. Furthermore, infrastructure developments for the supply of natural gas have been on the rise in most developing countries, leading to the increased demand for high-tech gas control systems, which include valves to ensure safety and efficiency. For instance, in January 2024, MSA Safety, Inc., introduced the newest gas and flame monitoring solution, SENTRY io Controller. This new controller, a safety monitoring system for MSA gas and flame detectors, lowers expenses and gives users access to data analytics that improve facility and worker safety.
The rise of automation and smart technologies in the energy field has created further demand for high-tech gas valves with IoT capabilities to monitor the flow of gases in real-time and optimize operations. High-speed advanced gas valves in gas flow management are considered to be crucial for this scale of infrastructure expansion, bringing massive gas valve market demand. Furthermore, stringent regulatory standards concerning safety and environmental protection have compelled the adoption of high-quality gas valves, prompting innovation and investment in this market. Moreover, the increasing demand for smart gas valves to prevent accidents in industrial, residential, and commercial settings is propelling this sector.
Growth Drivers
Challenges
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
4.7% |
|
Base Year Market Size (2024) |
USD 6.6 billion |
|
Forecast Year Market Size (2037) |
USD 11.4 billion |
|
Regional Scope |
|
Product Type (Gate Valves, Control Valves, Ball Valves, Butterfly Valve, Plug Valves, Others)
Based on product type, the gate valves segment is expected to capture over 29.8% gas valve market share by 2037. This is particularly useful in the natural gas industry, where the appropriate flow rates need to be kept to ensure effective and safe operations. Moreover, its strength and reliability, and cutting-edge designs in high-pressure applications have always been the strongest advantage that drives gate valves to be increasingly used for residential, commercial, and even industrial purposes. For instance, in September 2021, DeZURIK, Inc. announced a new Knife Gate Valve with a cutting-edge metal design. The new gate valves are built to last a long time in high-pressure applications that need shearing capabilities.
End user (Aerospace & Defense, Food Processing, Automotive, Chemical & Petroleum, Others)
The chemical & petroleum segment is projected to garner significant growth traction in the gas valve market, due to widespread usage in processes such as oil refining, petrochemical production, and chemical processing. Collaborations between industry giants to enhance technologies are further propelling market growth. For instance, in July 2023, Renishaw and Kent Introl collaborated to bring additive manufacturing to the oil and gas industry in the U.K. By installing Renishaw's system, RenAM 500Q Flex at its Brighouse headquarters, Kent Introl became the nation's first valve parts manufacturer to use AM technology. Thus, with enhanced operational efficiency and safety measures in chemical and petroleum companies, reliance on high-quality gas valves is increasing.
Our in-depth analysis of the global gas valve market includes the following segments:
|
Product Type |
|
|
Application |
|
|
End user |
|
Asia Pacific Market Analysis
Asia Pacific in gas valve market is expected to capture around 37.7% revenue share by the end of 2037, due to rapid industrialization and urbanization in emerging economies. Moreover, a significant increment of energy requirement especially from natural gas sources as nations try to shift to less coal dependency and develop different sources of energy. Therefore, Asia Pacific is well-placed to lead the global scenario of the market that reflects a critical role in the global energy transition and commitment towards modernizing energy infrastructure.
The landscape of the gas valve market in India will be predominantly influenced by urbanization and dependency on reliable gas control systems. This expansion is safe and efficient in gas delivery, requiring the installation of high-end gas valves, which is a considerable market demand. In addition, market players are focusing on continuous revolution in gas valve design, operations, and functionality. For instance, in August 2021, Dixon revealed two-piece stainless steel ball valves which are exceptionally designed with the capability to replace six different common ball valve ranges for the oil and gas sector.
In China, the market is driven by innovation and advancements in gas valve technologies. For instance, in March 2023, Chengdu Zhihceng offered an IoT gas valve with sophisticated monitoring and control features. This new device allows users to remotely control the on/off function of their gas supply by simply connecting to a gas operating platform via a 4G network. Strong targets from the local government for natural gas have spurred huge development in pipelines and network expansion in both urban and rural areas.
North America Market Statistics
North America is expected to witness substantial growth in the gas valve market during the forecast timeline from 2025 to 2037. The market is especially gaining high prominence Furthermore, ongoing demand for energy and chemical products and continuously stringent requirements for safety and regulatory compliance are driving heavy investment in advanced gas valve technologies. Due to the key player’s unique business strategy, most of the gas valve products can be commercialized through distribution while preserving relationships with end users.
In the U.S., the gas valve market is propelling due to expanding trade relations amongst businesses seeking more sophisticated gas valves for efficient flow control and safety in pipeline systems, processing facilities, and industrial applications. In addition, companies are entering into acquisitions to diversify their operations across confined areas. For instance, in April 2022, ITT Inc. announced that it had paid USD 140 million to acquire Habonim, a top designer and manufacturer of valves, valve automation, and valve actuation for the biotech, harsh application service, and gas distribution (including LNG) industries.
The gas valve market in Canada is fueled by the extensive natural gas reserves and ongoing pipeline infrastructure development both to support internal use and exports. Canada is rich in natural gas resources, which has seen tremendous investment in pipeline construction and expansion to transport gas effectively. Such infrastructural development requires high-quality gas valves to safely and effectively manage flow across several applications, including residential heating, industrial processes, and export facilities. The country's commitment to environmental sustainability and progress toward cleaner sources of energy also increases the demand for advanced gas valve technologies.
The companies in the gas valve market are focusing increasingly on innovation and technological progress. In such competitive scenarios, companies invest in research and development on more advanced gas valve solutions that will meet both the needs of safety and efficiency and regulatory compliance. For instance, in November 2023, Flowserve unveiled the Worcester Cryogenic series, which includes innovative quarter-turn, reduced-port, and floating ball valves. These valves are made especially for sectors that deal with industrial gases, such as LNG, hydrogen, and others.
Here’s the list of some key players in gas valve market:
Author Credits: Richa Gupta
Copyright © 2025 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?