20 Sep United States Industrial Valves Market Size, Share, Trends, Key Players, Growth and Forecast 2024-2032
United States Industrial Valves Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 5.49% (2024-2032)
The U.S. industrial valves market is expanding rapidly, driven by increasing industrial activity and the growing demand for efficient and reliable process control solutions. This growth is fueled by advancements in technology and the rising focus on safety and sustainability. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 5.49% from 2024 to 2032.
United States Industrial Valves Industry Trends and Drivers:
The United States industrial valves market is witnessing several trends including the increasing demand for automated and smart valves, driven by the growing adoption of Industrial Internet of Things (IIoT) technologies. These valves offer enhanced control, monitoring, and efficiency in various industrial applications. There is also a shift toward more corrosion-resistant materials, especially in industries such as oil & gas, chemicals, and water treatment, to improve valve longevity and performance. Additionally, energy efficiency and sustainability are becoming important, pushing for the use of valves that help reduce emissions and energy consumption. Moreover, the market is also witnessing an uptick in retrofitting and upgrading existing infrastructure with modern valve systems, especially in aging industrial facilities.
The United States industrial valves market is primarily driven by the expanding demand from key industries such as oil & gas, water treatment, chemicals, and power generation. In the oil & gas sector, the need for efficient flow control systems to manage the extraction, refining, and transportation processes is a major driver, as industrial valves play a crucial role in ensuring safety and operational efficiency. Similarly, the growing focus on infrastructure development and the modernization of water treatment facilities is spurring demand for valves, as they are essential for regulating water flow, pressure, and contamination control. Increased energy consumption and the shift toward renewable energy sources also fuel the demand for industrial valves. Power generation plants, including conventional and renewable energy facilities, rely heavily on valves for controlling steam, gas, and liquid flow, making them critical components in operational efficiency and safety.
Additionally, the chemical and pharmaceutical industries are significant drivers, requiring highly durable and corrosion-resistant valves to handle aggressive chemicals and hazardous materials. The growing focus on environmental regulations and safety standards is pushing industries to adopt more advanced valve systems that comply with these strict requirements. Moreover, the rise in automation across various industries is driving the adoption of automated and smart valves, which offer better precision and control in industrial processes.
United States Industrial Valves Market Forecast & Segmentation:
The report has segmented the market into the following categories:
Product Type Insights:
- Gate Valve
- Globe Valve
- Butterfly Valve
- Ball Valve
- Check Valve
- Plug Valve
- Others
Functionality Insights:
- On-Off/Isolation Valves
- Control Valves
Material Insights:
- Steel
- Cast Iron
- Alloy Based
- Others
Size Insights:
- Up to 1”
- 1”-6”
- 7”-25”
- 26”-50”
- 51” and Above
End Use Industry Insights:
- Oil and Gas
- Power
- Pharmaceutical
- Water and Wastewater Treatment
- Chemical
- Food and Beverage
- Others
Regional Insights:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=20684&flag=F
| U.S. Compression Therapy Market size is projected to exhibit a growth rate (CAGR) of 5.5% during 2024-2032. |
| U.S. Welding Consumables Market size is projected to exhibit a growth rate (CAGR) of 3% during 2024-2032. |
| U.S. Biopsy Devices Market size is projected to exhibit a growth rate (CAGR) of 3.14% during 2024-2032. |
| U.S. Mobile Device Management Market size is projected to exhibit a growth rate (CAGR) of 19% during 2024-2032. |
| U.S. Regtech Market size is projected to exhibit a growth rate (CAGR) of 21.84% during 2024-2032. |
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
Sin comentarios