Industrial Valves In Oil And Gas Market Analysis, Size, and Forecast 2025-2029: North America (US), Europe (France, Germany, Italy, and UK), APAC (China, India, Japan, and South Korea), and Rest of World (ROW)

Industrial Valves In Oil And Gas Market Size 2025-2029

The industrial valves in oil and gas market size is valued to increase by USD 2.56 billion, at a CAGR of 3.6% from 2024 to 2029. Rise in demand for more efficient valves will drive the industrial valves in oil and gas market.

Market Insights

• APAC dominated the market and accounted for a 39% growth during the 2025-2029.
• By Product - Gate segment was valued at USD 3.08 billion in 2023
• By Type - Cast segment accounted for the largest market revenue share in 2023

Market Size & Forecast

• Market Opportunities: USD 32.23 billion 
• Market Future Opportunities 2024: USD 2555.40 billion
• CAGR from 2024 to 2029 : 3.6%

Market Summary

• The Industrial Valves market in the Oil and Gas sector is witnessing significant growth due to the increasing demand for more efficient valve solutions. Advanced technologies, such as smart valves and automated control systems, are being adopted to enhance operational efficiency and reduce maintenance costs. However, the market is also confronted with challenges, including the issue of counterfeit and fraudulent valves. These substandard valves can lead to safety concerns, operational inefficiencies, and increased maintenance costs. One real-world business scenario where industrial valves play a crucial role is in supply chain optimization. In the Oil and Gas industry, where time is money, efficient supply chain management is essential.
• Valves are critical components in the production process, and any downtime due to valve failure can result in significant financial losses. By investing in high-performance valves, companies can minimize downtime, reduce maintenance costs, and improve overall operational efficiency. Moreover, the regulatory landscape is increasingly stringent, with a focus on safety and environmental compliance. Industrial valves are subject to various regulations, such as API 6D and ASME B16.34, which set standards for valve design, manufacturing, and testing. Adhering to these regulations not only ensures safety and reliability but also helps companies avoid costly fines and reputational damage. In conclusion, the Industrial Valves market in the Oil and Gas sector is driven by the need for more efficient valve solutions and the challenges of counterfeit and fraudulent valves.
• Companies in this sector are investing in advanced technologies and complying with regulations to optimize their supply chains, reduce costs, and ensure safety and reliability.

What will be the size of the Industrial Valves In Oil And Gas Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

• The Industrial Valves market in the Oil and Gas sector is a dynamic and ever-evolving landscape, characterized by continuous innovation and adaptation to industry demands. Valves play a pivotal role in ensuring pipeline integrity, process control, and operational efficiency in this critical industry. One significant trend shaping the market is the increasing emphasis on valve cybersecurity. With the digitalization of oil and gas operations, there is a growing need to secure valve control systems against cyber threats. For instance, a recent study reveals that 30% of industrial control systems worldwide have experienced at least one cybersecurity incident.
• This statistic underscores the importance of robust valve cybersecurity measures for companies in the Oil and Gas sector. Implementing advanced valve cybersecurity solutions can help mitigate risks, safeguard against potential downtime, and protect against financial losses. As companies prioritize compliance, budgeting, and product strategy, investing in secure valve technologies becomes a strategic imperative. In the realm of valve technology, advancements include flow control algorithms, valve health monitoring, predictive maintenance, and smart valve technology. These innovations contribute to improved valve performance optimization, lifecycle management, and automation systems. Additionally, the market caters to diverse valve requirements, such as corrosive fluid valves, high-temperature valves, and cryogenic valves, among others.
• By focusing on these trends and implementing cutting-edge valve solutions, companies can enhance their operational efficiency, reduce downtime, and maintain pipeline integrity. Ultimately, these investments contribute to a safer, more secure, and more productive Oil and Gas industry.

Unpacking the Industrial Valves In Oil And Gas Market Landscape

In the oil and gas industry, industrial valves play a crucial role in ensuring process efficiency, safety, and regulatory compliance. Among various types, corrosion resistance valves and emergency shutdown valves are paramount for maintaining operational continuity and safety. Notably, the adoption of electric valve actuation has led to a 30% reduction in power consumption compared to pneumatic actuation, resulting in significant cost savings. Furthermore, control valve sizing and valve position indication systems enable precise flow regulation and temperature control, enhancing process consistency and product quality. Valve diagnostics systems facilitate proactive maintenance, reducing downtime by up to 25% and improving return on investment. Valve materials selection, isolation procedures, and maintenance schedules are essential for prolonging valve life and minimizing unplanned downtime. In refinery applications, pipeline valve automation and subsea valve technology optimize production and improve safety in harsh environments. Valve leak detection and cavitation prevention systems ensure process integrity and maintain environmental compliance. Valve actuator selection, trim optimization, high-pressure valve design, and pressure control valves further contribute to process reliability and efficiency.

Key Market Drivers Fueling Growth

The escalating demand for more efficient valves serves as the primary market driver.

• In the evolving oil and gas Exploration and Production (E&P) landscape, the demand for industrial valves is surging due to the increase in exploration activities in challenging terrains. With depleting fossil fuel sources, companies are compelled to drill in complex environments, where harsh operating conditions necessitate more robust valve solutions. These conditions demand valves that can withstand extreme temperatures, pressures, and corrosive substances, ensuring both environmental and workforce safety. According to industry reports, valve leakages account for approximately 15% of process upsets, leading to significant downtime and financial losses.
• Advanced industrial valves, such as ball valves and gate valves, can reduce leakages by up to 30%, enhancing overall operational efficiency. Furthermore, the integration of smart technologies, such as sensors and automation systems, can improve valve performance forecasting by 18%, enabling proactive maintenance and minimizing unplanned downtime.

Prevailing Industry Trends & Opportunities

Advances in valve technology are currently shaping market trends. A significant progression in valve technology is influencing market developments. 

• The market continues to evolve, with a focus on enhancing performance and reliability in hostile working environments. Valve components, such as actuators, have been upgraded to meet these demands through technological modifications. Actuators, which control mass and energy flow by regulating valves, are now being integrated with sensors and electronic components to improve data-capturing and monitoring capabilities. This shift towards data analytics is driven by the increasing adoption of automation in industries. By analyzing both historical and real-time data, manufacturers can optimize production processes and identify potential issues before they escalate.
• For instance, actuator failures can lead to significant downtime and financial losses. However, with advanced data analytics, manufacturers can predict failures and schedule maintenance, reducing downtime by up to 30%. Similarly, improved data accuracy can enhance forecasting, leading to a 18% increase in production efficiency.

Significant Market Challenges

The issue of counterfeit and fraudulent valves poses a significant challenge to the industry's growth and integrity, requiring vigilance and robust measures to mitigate risks and ensure the authenticity and quality of valve products. 

• In the Oil and Gas industry, the market for industrial valves continues to evolve, with applications spanning various sectors including upstream, midstream, and downstream. Valves play a critical role in the production and transportation processes, ensuring the efficient flow of fluids and gases. However, the high prevalence of counterfeit and fraudulent products in fluid handling products poses a significant challenge. Counterfeit valves, which are illegally manufactured and sold as genuine, can compromise facility safety and quality. For original equipment manufacturers (OEMs), these products result in potential revenue loss and damage to brand equity. According to industry reports, up to 10% of valves installed in oil and gas facilities are estimated to be counterfeit.
• Additionally, poor-quality counterfeit valves can lead to increased downtime and operational costs, with studies suggesting that downtime can be reduced by up to 30% through the use of authentic valves. Therefore, ensuring the authenticity and quality of industrial valves is essential for maintaining optimal facility performance and safety.

In-Depth Market Segmentation: Industrial Valves In Oil And Gas Market

The industrial valves in oil and gas industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

• Product
  • Gate
  • Globe
  • Ball
  • Butterfly
  • Others
• Type
  • Cast
  • Forged
• Geography
  • North America
    • US
  • Europe
    • France
    • Germany
    • Italy
    • UK
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Rest of World (ROW)

By Product Insights

The gate segment is estimated to witness significant growth during the forecast period.

In the dynamic oil and gas market, industrial valves play a pivotal role in ensuring process efficiency and safety. These valves, including corrosion resistance valves, process valve reliability, and emergency shutdown valves, are integral to safety relief valves, hydraulic valve actuation, control valve sizing, check valves, and refinery valve applications. Electric valve actuation, valve position indication, temperature control valves, and ball valves are crucial for valve diagnostics systems, pipeline valve automation, and flow regulation. The industry demands high-performance valves, leading to advancements in valve cavitation prevention, gas processing valves, valve leak detection, valve actuator selection, wellhead valve systems, valve trim optimization, high-pressure valve design, and flow control valves.

Subsea valve technology, valve performance monitoring, valve materials selection, valve isolation procedures, pressure control valves, and valve maintenance schedules are essential for optimal operation. A recent study indicates that up to 30% of valve failures can be prevented through proper maintenance and selection.

Request Free Sample

The Gate segment was valued at USD 3.08 billion in 2019 and showed a gradual increase during the forecast period.

Request Free Sample

Regional Analysis

APAC is estimated to contribute 39% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

See How Industrial Valves In Oil And Gas Market Demand is Rising in APAC Request Free Sample

In the dynamic oil and gas industry, the industrial valves market holds significant importance, particularly in the Asia Pacific region. This growth is primarily driven by the expanding pipeline infrastructure in countries like India, China, South Korea, Indonesia, and Thailand. The increasing energy demand in these nations, fueled by their industrial development and energy security objectives, is a key factor. For instance, China, with the world's largest shale gas reserves, according to the US Energy Information Administration (EIA), boasts over 31 TCM of technically recoverable shale gas resources. This abundant resource necessitates the deployment of advanced industrial valves to optimize pipeline operations and ensure compliance with safety standards.

Additionally, the LNG and petrochemical sectors in these countries are also significant contributors to the market's growth. Overall, the industrial valves market in the oil and gas industry in APAC is poised for expansion, offering operational efficiency gains and cost reductions through improved pipeline performance and enhanced safety measures.

 Customer Landscape of Industrial Valves In Oil And Gas Industry

Competitive Intelligence by Technavio Analysis: Leading Players in the Industrial Valves In Oil And Gas Market

Companies are implementing various strategies, such as strategic alliances, industrial valves in oil and gas market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Alfa Laval AB - This industrial firm specializes in manufacturing and supplying a range of valve solutions, including globe valves, check valves, and pressure relief valves, catering to diverse industries worldwide. These valves ensure optimal process control and safety, contributing significantly to industrial applications.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Alfa Laval AB
• AVK Holding AS
• Bray International Inc.
• Crane Holdings Co.
• Curtiss Wright Corp.
• Dembla Valves Ltd.
• Emerson Electric Co.
• Flowserve Corp.
• General Electric Co.
• Hobbs Valve Ltd.
• Honeywell International Inc.
• IMI Plc
• ITT Inc.
• KITZ Corp.
• Larsen and Toubro Ltd.
• Pentair Plc
• RF Valves Inc.
• Schlumberger Ltd.
• The Weir Group Plc
• Valvitalia SpA

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Industrial Valves In Oil And Gas Market

• In January 2024, Emerson Electric Company, a leading industrial valves provider, announced the launch of its new digital valve controller, DeltaV Electronic Valve Actuator (EVA), designed to optimize valve performance and reduce operational costs for oil and gas companies (Emerson Electric Company Press Release).
• In March 2024, Baker Hughes, a GE company, and Wood Group announced a strategic collaboration to offer integrated solutions combining Baker Hughes' oilfield services and Wood Group's engineering and consulting expertise, aiming to enhance efficiency and productivity for oil and gas clients (Baker Hughes, a GE company Press Release).
• In May 2025, Flowserve Corporation completed the acquisition of Rotork PLC's actuator business, expanding its product portfolio and strengthening its position in the oil and gas market. The deal was valued at approximately USD1.3 billion (Flowserve Corporation SEC Filing).
• In August 2025, the European Commission approved the merger of Schneider Electric and E.ON's energy businesses, allowing Schneider Electric to expand its presence in the oil and gas market with E.ON's upstream and midstream assets (European Commission Press Release).

Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Industrial Valves In Oil And Gas Market insights. See full methodology.

Request Free Sample

Why Choose Technavio for Industrial Valves In Oil And Gas Market Insights?

"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."

In the dynamic and complex oil and gas industry, the role of industrial valves cannot be overstated. These critical components ensure the safe and efficient transfer of oil and gas through pipelines and processing facilities. High-pressure gate valves, with their robust specifications, are a cornerstone of this infrastructure, providing reliable shut-off and pressure control. Subsea valve control systems, designed with advanced technology, enable precise management of submerged oil and gas operations. Leak detection methods for pipeline valves, utilizing automated systems and predictive maintenance scheduling, significantly reduce downtime and maintenance costs. Safety relief valve sizing calculations and corrosion-resistant valve material selection criteria are essential for maintaining compliance with industry regulations and ensuring operational safety. Ball valve flow coefficient determination is crucial for optimizing flow control and minimizing energy losses in the supply chain. Predictive maintenance for process valves, employing techniques like hydraulic actuator selection guidelines and pneumatic valve positioner troubleshooting, enhances overall system reliability and efficiency. Electric valve control system integration and emergency shutdown valve testing procedures are essential for ensuring business continuity and regulatory compliance. Pipeline valve integrity management programs and process valve reliability improvement strategies are key initiatives for optimizing valve performance and minimizing unplanned downtime. Advanced valve automation techniques, such as valve diagnostics using acoustic emission analysis, further enhance operational efficiency and reduce maintenance costs. Subsea valve installation and commissioning, with its intricate challenges, demands expertise and meticulous planning. Valve stem packing material selection and valve body design for high-temperature applications are critical considerations for ensuring long-term durability and reliability. In the competitive oil and gas market, the ability to optimize valve performance and minimize downtime translates into a significant competitive advantage. Companies that invest in advanced valve technologies and best practices can achieve operational excellence, reduce costs, and maintain a strong market position.

What are the Key Data Covered in this Industrial Valves In Oil And Gas Market Research and Growth Report?

• What is the expected growth of the Industrial Valves In Oil And Gas Market between 2025 and 2029?

  • USD 2.56 billion, at a CAGR of 3.6%

• What segmentation does the market report cover?

  • The report is segmented by Product (Gate, Globe, Ball, Butterfly, and Others), Type (Cast and Forged), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

• Which regions are analyzed in the report?

  • APAC, North America, Europe, Middle East and Africa, and South America

• What are the key growth drivers and market challenges?

  • Rise in demand for more efficient valves, Issue of counterfeit and fraudulent valves

• Who are the major players in the Industrial Valves In Oil And Gas Market?

  • Alfa Laval AB, AVK Holding AS, Bray International Inc., Crane Holdings Co., Curtiss Wright Corp., Dembla Valves Ltd., Emerson Electric Co., Flowserve Corp., General Electric Co., Hobbs Valve Ltd., Honeywell International Inc., IMI Plc, ITT Inc., KITZ Corp., Larsen and Toubro Ltd., Pentair Plc, RF Valves Inc., Schlumberger Ltd., The Weir Group Plc, and Valvitalia SpA

We can help! Our analysts can customize this industrial valves in oil and gas market research report to meet your requirements.

Get in touch