U.S. Valves Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

U.S. Valves Market Trends & Growth Drivers

Emission Reduction and Energy Efficiency Are Key Trends in Market

• Valves play an important role in controlling fluid flow in various industrial processes.
• Manufacturers have started developing energy-efficient valve designs that will help minimize the pressure drop and reduce the energy requirement for maintaining the fluid flow.
• Gas valve leakage can contribute to the release of harmful substances, such as methane, volatile organic compounds (VOCs), and other pollutants.
• To deal with this, the players are focusing on developing low-emission valve technologies that will help minimize leakage.

Growing Chemical and Petrochemical Industries Are Key Driver for Market

• The chemical and petrochemical sectors, in particular, are the main users in the valve market.
• This is due to the crucial role these parts play in regulating the flow of fluid and gases in various operations.
• The demand for valves in the U.S. is driven by the development of new facilities as well as the expansion and modernization of existing chemical and petrochemical plants.
• Additionally, various factors drive this market, such as the increasing production capacity and renovation of current facilities to increase efficiency and adhere to the changing safety and environmental standards.

Lack of Material Availability and Supply Is Major Challenge for Market

• The valve manufacturing process is significantly dependent on a complicated supply chain, which includes a variety of parts, raw materials, and specialized equipment, which are supplied from multiple sources.
• Various factors can affect the availability of materials and cause difficulties in the supply chain, including natural disasters, geopolitical tensions, and trade disputes.
• This can lead to shortages or delays in the import of valve components and materials from numerous regions and countries.

U.S. Valves Market Analysis

Type Insights

• The ball category will dominate the market by contributing 35% revenue in 2024.
• This variant is popular due to its adaptability, ease of operation, and reliable sealing properties. They are easily available in different materials, sizes, and configurations to meet diverse industry requirements.
• The globe category is expected to witness significant CAGR in 2024−2030, due to the increasing need for accurate flow control and process automation.
• Globe valves are primarily used for controlling and regulating flow in applications, particularly those that require precise control, such as in power plants and chemical processing facilities.

The types covered in the report include:

• Ball (Largest Category)
• Butterfly (Fastest-Growing Category)
• Gate
• Globe
• Check
• Plug
• Others

Material Insights

• The steel category dominates the market by contributing 55% revenue in 2024. Valves made of steel offer strength, durability, and the capability to deal with high temperatures and pressure conditions.
• In the steel category, carbon steel and stainless-steel variants are the most common as they can serve a wide range of applications across various industries.
• The alloy category is expected to witness a highest CAGR in 2024−2030.
• Nickel- and titanium alloys remain popular in the oil and gas, chemical processing, and power generation industries.

The materials covered in the report are:

• Steel (Largest Category)
• Iron
• Alloy (Fastest-Growing Category)
• Other

Applications Insights

• The oil & gas category will dominate the market in 2024.
• The oil and gas sector, which includes upstream, midstream, and downstream operations, is one of the main users of valves in the U.S. They are used during the exploration, production, transportation, refining, and distribution of oil and gas.
• In 2023, the U.S. produced approximately 12.9 million barrels of crude oil per day.
• The power generation category is expected to witness a CAGR of 6.0% in 2024−2030.
• The demand for valves is rising significantly in both traditional and renewable energy power plants.
• Power plants need the efficient transfer of a range of fluids and gases from one system to another, which makes valves imperative here.

The following applications are included in the report:

• Oil & Gas (Largest Category)
• Power Generation (Fastest-Growing Category)
• Chemicals
• Water & Wastewater
• Mining
• Others

Regional Analysis

South Is Largest Region

• The southern region will acquire the largest market share, of around 50%, in 2024, and it will become the fastest-growing market, with a CAGR of 5.9%, in 2024−2030.
• This is because this region, especially Texas, Louisiana, and Oklahoma, is the hub of the oil and gas industry, as well as petrochemical and chemical processing facilities.
• In 2023, 1.92 billion barrels of oil and gas were produced in Texas.
• The Midwest also holds a significant share owing to its productive manufacturing industries, such as automotive, machinery, and industrial equipment.
• These industries have a high demand for valves for various applications, which makes this region a major market for valves.

The regions analyzed for this report include:

• Northeast
• Midwest
• West
• South (Largest and Fastest-Growing Region)

U.S. Valves Market Share

This market is fragmented in nature because of the presence of various key players, including Ari Valve Corporation, Schlumberger NV, Baker Hughes Company, Flowserve Corporation, and Emerson Electric Co. Valve demand is rising with the growth of the U.S. processing industry. Thus, companies are continuously innovating products and expanding their national presence via mergers and acquisitions and capacity expansion, which is increasing the competition.

U.S. Valves Market News

• In December 2023, Trive Capital announced the formation of a new industrial distribution company, Venturi Supply.
• In December 2022, Emerson Electric Co. launched the Crosby J-Series pressure relief valve product line to increase efficiency and reduce emissions.
• In April 2022, Emerson Electric Co. introduced a new three-way Series 090 valve configuration for its ASCO Series 090 line of miniature solenoid valves, which enables lighter, more space-efficient solutions, especially for gas control during oxygen therapy, compression therapy, and gas analysis devices.