Industrial Valves Procurement & Cost Intelligence Report, 2030

Industrial Valves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

  • Published Date: ---
  • Base Year for Estimate: 2022
  • Report ID: GVR-P-UC-023
  • Format: Electronic (PDF)
  • Historical Data: 2020 - 2021
  • Number of Pages: 0

Industrial Valves Category Overview

The industrial valves category is anticipated to grow at a CAGR of 5.7% from 2023 to 2030. The growth in the category is mainly driven by the rising usage of valves in power, oil & gas, metalworking, and chemical industries. To keep up with the growing demand, valve producers must lower fabrication costs while keeping up with the industry’s trends and innovation. Innovations such as control valves, smart valves, automatic valves, and valves with integrated electronics are expected to drive the category demand.

Automatic valves encompassing electric, hydraulic, pneumatic, solenoid, and digital mechanisms are increasingly favored by manufacturing facilities seeking unmanned operations with precise flow control. The primary benefit associated with automatic valves lies in their advanced preventive maintenance capability, effectively reducing the frequency of operational disruptions compared to traditional valves.

The industrial Internet of Things consists of smart valves that have actuators mounted with digital valve positioners that can detect leaks and regulate flow rates. The positioner acts as an interpreter between the control system and the control valve assembly. The positioner receives signals from the control system and adjusts the air to the actuator. Further, the actuator moves the valve to the appropriate position. The positioner can also send feedback received from the valve stem or shaft.

The future of industrial valve manufacturing is anticipated to focus on eco-friendly practices and energy efficiency. Valve suppliers can contribute to the reduction of carbon footprint by designing it with low energy consumption and improved leak detection capabilities. Sustainable processes such as waste reduction and recycling will also contribute to the industry’s greener future.

The production of industrial valves involves the manufacturing of valve bodies, stem, and seat. These parts are produced by the casting method. Some manufacturers also use the forged method, which involves cutting & forging, trimming, sandblasting, machining, and surface treatment. Raw material, labor, machinery, land, utility, transportation, and others are some of the key cost components in the production of industrial valves. Raw materials such as cast iron, ductile iron, carbon steel, stainless steel, alloy steel, and others are used to manufacture valves. In 2021, the global price of cast iron was between USD 0.06 – USD 0.07/lb. In 2021, the prices of both raw materials (iron ore and steel) increased due to which valve manufacturers had to hike prices to keep up with the rising production and distribution costs.

Italy, Spain, and India are the hubs of valve manufacturing. In 2023, the prices of industrial valves in China were between USD 20 – 1000 per piece. In June 2023, the prices of valves in the U.S. amounted to USD 22,161 per ton. In 2021, China, Germany, and the U.S. were the top valves exporting countries.

Suppliers of raw materials and components may have some bargaining power, especially if they provide specialized materials or components. However, the industry often has multiple suppliers, reducing dependency on any one supplier. Additionally, backward integration is possible for some valve manufacturers, reducing supplier power.

In terms of industrial valve manufacturing, the hybrid model is a popular engagement model in the category, combining in-house and full-service outsourcing. Some suppliers opt for a partial outsourcing model. Companies outsource operations such as raw material procurement, and transportation services. Companies employ an in-house team for a complete manufacturing line from designing valves, assembly lines, and quality testing which can be beneficial for the company. Developing a strong relationship with suppliers of raw materials and evaluating suppliers with experience and expertise in valve manufacturing, range of products offered, compliance with certifications, and industry standards such as ISO, API 600, and others, customization capabilities, after-sales support, and service are the best sourcing practices in the category.

Industrial Valves Procurement Intelligence Report Scope

Report Attribute


Industrial Valves Category Growth Rate

CAGR of 5.7% from 2023 to 2030

Base Year for Estimation


Pricing growth Outlook

 5% - 6% (annual)

Pricing Models

Product-based pricing, Competition based pricing

Supplier Selection Scope

Cost and pricing, range of products, customization offer, experience and expertise in valve manufacturing, geographical presence, and compliance

Supplier selection criteria

Product range offered, product customization offered, quality, time taken to manufacture, delivery option, technology used, safety and environmental compliance, location and presence of supplier, and others

Report Coverage

Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key companies profiled

AVK, BEL Valves, XHVAL, PetroValve, Flowserve, KSB, KITZ Corporation, Velan, Bray International, Pentair

Regional scope


Revenue Forecast in 2030

USD 109.5 billion

Historical data

2020 - 2021

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2030

Customization scope

Up to 48 hours of customization free with every report.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Frequently Asked Questions About This Report

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Add-on Services

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

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