Industrial Valves Market Share

APAC Market Forecast

The Asia Pacific market to hold a share of 40% by 2037. In Asia Pacific nations, there is a rising need for better water & wastewater treatment methods as well as proper water management, which is driving up demand for industrial valves. Chinese pharmaceutical producers are increasingly implementing IoT-integrated industrial valves to automate and optimize a variety of processes, including delivering precise fluid doses for medication production.

North American Market Statistics

The market in North America is expected to hold a share of 28.4% during the forecast period. Increasing energy demand has led to an increase in oil and gas exploration activity in the USA. Approximately 18.12 million barrels of oil were consumed daily in the USA in 2020, according to the Energy Information Administration (EIA) of the United States. The expansion of the industrial valves market is being positively impacted by the spread of contemporary technologies across the region.