Industrial Valves Market Analysis

Type (Gate, Globe, Ball, Butterfly, Plug, Check, Safety, Relief)

The ball segment in the industrial valves market is estimated to grow at the highest rate. In 2019, more than 15% of sales were from ball valves. These valves are mostly employed for flow regulation and tight shut-off requirements. Ball valves are widely used in the food processing sector since processes like product filling require a controlled flow to be maintained. In order to fulfill self-sufficiency targets, increasing government spending to upgrade the current food processing infrastructure is anticipated to improve ball valve segment growth.

Component (Actuator, Positioner)

Actuators to hold the largest share of 43.6% by 2037. The actuators' 360° head rotation on control valves enables flexible installation and optimization. Optimizing the use of actuators in industrial processes and lowering overall installation costs, promotes market expansion.

Our in-depth analysis of the global market includes the following segments: