North America Industrial Valves Market To Reach $30.11 Billion By 2033

North America Industrial Valves Market Growth & Trends

The North America industrial valves market size is anticipated to reach USD 30.11 billion by 2033 and is anticipated to expand at a CAGR of 4.7% during the forecast period, according to a new report by Grand View Research, Inc. The market is strongly driven by the continuous development of oil & gas and petrochemical infrastructure across the region. Increased exploration, production, and refining activities, especially in the United States and Canada, require durable and high-performance valves to manage complex flow operations. Pipeline expansions, LNG projects, and refinery upgrades further propel demand. The need for operational safety and compliance with stringent industry standards reinforces the use of advanced valve technologies. This sustained activity in the energy sector remains a foundational driver for market growth.

Infrastructure investment in water supply, wastewater treatment, and distribution networks is another critical market driver. Aging systems and rising urban populations require modernization efforts that depend heavily on reliable valve solutions. Municipalities across North America are prioritizing upgrades to enhance water quality, minimize leakage, and improve operational efficiency. Industrial valves play a key role in flow regulation, pressure control, and system safety within these networks. Increasing environmental regulations regarding wastewater discharge further boost demand for high-performance valves.

Technological advancements and the shift toward industrial automation are significantly influencing market expansion. Smart valves equipped with sensors, actuators, and monitoring software enable real-time performance tracking and predictive maintenance. These innovations reduce downtime, enhance process accuracy, and improve overall plant productivity. Industries such as chemicals, power generation, and pharmaceuticals are rapidly adopting automated valve systems to streamline operations. The integration of digital technologies strengthens the region’s transition toward more intelligent and efficient industrial ecosystems.

The power generation sector, including thermal, nuclear, and renewable energy facilities, continues to generate substantial demand for industrial valves. Valves are essential for managing steam, cooling fluids, and high-pressure operations across diverse energy systems. North America’s ongoing investments in grid modernization and renewable energy capacity contribute to the need for specialized valve solutions. Strict regulatory requirements within the energy industry also necessitate high-quality, certified valves to ensure operational safety and reliability. This broad energy diversification supports stable, long-term market demand.

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North America Industrial Valves Market Report Highlights

• The ball valve segment accounted for the largest revenue share of 29.5% in 2024, driven by its wide applicability across high-pressure and high-temperature operations, particularly in oil & gas, chemical, and power industries.

• The oil & gas segment accounted for the largest revenue share of 27.0% in 2024, driven by expanding exploration activities, pipeline expansions, and refinery modernization.

• In the United States, the market is fueled by extensive investments in oil & gas exploration, refining, and petrochemical projects.

North America Industrial Valves Market Segmentation

Grand View Research has segmented the North America industrial valves market based on product, application, and country:

North America Industrial Valves Product Outlook (Revenue, USD Million, 2021 - 2033)

• Gate Valve

• Globe Valve

• Ball Valve

• Butterfly Valve

• Safety Valve

• Plug Vave

• Others

North America Industrial Valves Application Outlook (Revenue, USD Million, 2021 - 2033)

• Aerospace and Defense

• Automotive

• Oil & Gas

• Chemical

• Energy & Power

• Water & Wastewater

• Pulp & Paper

• Food & Beverage

• Other Applications

North America Industrial Valves Country Outlook (Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

List of Key Players in the North America Industrial Valves Market

• Emerson Electric Co.

• Flowserve Corporation

• Crane Co.

• Velan Inc.

• CIRCOR International, Inc.

• Schlumberger Limited

• Mueller Water Products, Inc.

• Kitz Corporation

• Curtiss?Wright Corporation