2025年工业阀门行业词条报告

Investment Rating - The report rates the industrial valve industry as a growth sector with a positive outlook, projecting a market size increase from $14.586 billion in 2024 to $18.705 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.10% [3][59]. Core Insights - The industrial valve market is driven by the demand for ball valves and cast steel valves, with new power plants and smart city construction contributing to growth [3]. - The industry is characterized by a wide variety of valve types, significant cost influence from upstream materials, and a clear technological gradient, with high barriers in high-end sectors [8][10][11]. - The market is expected to expand due to factors such as new infrastructure, energy demand, accelerated domestic substitution of ball valves, and downstream industry upgrades [3]. Industry Definition - Industrial valves are essential components in industrial fluid control systems, used across various sectors including oil, chemicals, power, and aerospace [4]. - They can be categorized into different types based on their functions, including shut-off valves, check valves, safety valves, regulating valves, and diverter valves [4][5][6][7]. Industry Characteristics - The industry features a diverse range of products that can adapt to complex working conditions, with costs heavily influenced by upstream material prices [8][10]. - There is a notable technological gradient, with high-end valves requiring advanced materials and manufacturing techniques, creating significant barriers to entry [11]. Development History - The industrial valve industry has evolved through several phases, from its inception in the early 20th century to a period of rapid growth post-1979, leading to increased marketization and technological advancements [12][20]. Industry Scale - The market size of the industrial valve industry grew from $11.945 billion in 2019 to $14.586 billion in 2024, with a CAGR of 4.08% [59]. - The demand for ball valves is particularly strong, accounting for 24.50% of the market share in 2024, driven by their applications in oil and gas, food and beverage industries [61]. Industry Chain Analysis - The industrial valve industry chain includes upstream raw materials, midstream manufacturing, and downstream application sectors, with each segment influencing the overall market dynamics [22][49]. - Upstream material quality and processing techniques significantly impact valve manufacturing efficiency and cost [24][25][36][38]. Downstream Analysis - The oil and gas sector remains a traditional stronghold for valve applications, while emerging markets such as marine engineering are becoming increasingly important [54]. - The nuclear power sector is identified as a key area for technological advancement and competitive positioning among valve manufacturers [58].