U.S. Valves Market Size

U.S. Valves Market Future Prospects

The U.S. valves market will generate an estimated revenue of USD 20.4 billion in 2024 and witness a CAGR of 5.6% during 2024–2030, reaching USD 28.4 billion by 2030. This growth is due to the rising demand for valves in various applications, such as oil and gas and food and beverage processing, in the U.S. The oil and gas sector, in particular, is a major use of valves for their upstream and downstream operations.

The installation of valves in manufacturing and process plants is becoming mandatory due to the rise of U.S. government regulations on emissions, effluent control, and workplace safety. Moreover, the growing demand for energy due to the rising population leads to the growth in the energy sector. Due to this, power plants are experiencing a rise in the demand for valves.

Additionally, R&D in this market helps expand the application areas in various industries, including energy, power, and chemicals.