| Product Code: ETC13150705 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Globe Valve Market was valued at USD 7.2 Billion in 2024 and is expected to reach USD 10 Billion by 2031, growing at a compound annual growth rate of 5.70% during the forecast period (2025-2031).
The Global Globe Valve Market is experiencing steady growth driven by increasing demand from industries such as oil and gas, water and wastewater treatment, power generation, and chemical processing. The market is characterized by the rising focus on industrial automation, stringent regulations promoting energy efficiency, and advancements in valve technology. Key trends influencing the market include the adoption of smart valves for remote monitoring and control, the integration of IoT and AI technologies for predictive maintenance, and the development of eco-friendly and sustainable valve solutions. Asia-Pacific region is anticipated to dominate the market due to rapid industrialization and infrastructure development in countries like China and India. Key players in the Global Globe Valve Market include Emerson Electric Co., Flowserve Corporation, and Crane Co., among others. Overall, the market is poised for continued growth with a focus on innovation, sustainability, and efficiency.
The global globe valve market is experiencing growth due to increasing demand from industries such as oil and gas, water and wastewater treatment, and power generation. One major trend in the market is the rising adoption of advanced materials and technologies to enhance the performance and efficiency of globe valves. Additionally, the focus on improving infrastructure in emerging economies is driving the demand for globe valves for various applications. Opportunities in the market lie in the development of smart globe valves with features such as remote monitoring and control capabilities, as well as the increasing emphasis on sustainability and energy efficiency in industrial processes. Companies are also increasingly investing in research and development to introduce innovative products and cater to the evolving needs of customers in the global market.
The Global Globe Valve Market faces several challenges, including intense competition from alternative valve types such as ball valves and butterfly valves which offer similar functionality at lower costs. Additionally, fluctuations in raw material prices impact manufacturing costs, leading to margin pressures for manufacturers. The market is also impacted by stringent regulations related to environmental standards and safety requirements, increasing compliance costs for valve manufacturers. Furthermore, the ongoing trend towards automation and digitalization in industrial processes is driving the demand for smart valves, posing a challenge for traditional globe valve manufacturers to adapt to these technological advancements. Overall, companies in the Global Globe Valve Market need to focus on innovation, cost efficiency, and compliance with evolving industry standards to stay competitive amidst these challenges.
The Global Globe Valve Market is primarily driven by the growing demand for efficient flow control solutions in various industries such as oil and gas, water and wastewater treatment, power generation, and chemical processing. The increasing emphasis on energy efficiency and environmental sustainability has also contributed to the adoption of globe valves, as they offer tight shut-off capabilities and precise control of flow rates. Additionally, the expansion of industrial infrastructure in developing economies, coupled with the rise in investments in infrastructure projects worldwide, is fueling the demand for globe valves. Technological advancements, such as the development of smart valves with enhanced performance capabilities, are further driving market growth. Overall, factors such as increasing industrialization, stringent regulations, and the need for reliable flow control solutions are driving the growth of the Global Globe Valve Market.
Government policies related to the global globe valve market vary by country and region. In general, there are regulations in place to ensure the safety, quality, and environmental impact of globe valves. These policies may include certification requirements, compliance with industry standards such as API, ASME, and ISO, as well as environmental regulations to reduce emissions and promote energy efficiency. Additionally, some governments offer incentives or subsidies for companies to adopt sustainable practices in their manufacturing processes. Overall, the government policies aim to safeguard consumer interests, promote fair competition, and encourage innovation in the globe valve market. It is important for companies operating in this sector to stay informed about the latest regulatory developments to remain compliant and competitive in the global market.
The Global Globe Valve Market is expected to experience steady growth in the coming years due to increasing industrialization and infrastructure development across various sectors such as oil and gas, water and wastewater, and power generation. The market is likely to be driven by rising demand for efficient flow control systems, stringent regulations regarding environmental protection, and the need for improved operational efficiency. Technological advancements, such as the development of smart valves and automation solutions, are also expected to propel market growth. Additionally, emerging economies in Asia-Pacific and Latin America are forecasted to offer significant opportunities for market expansion. Overall, the Global Globe Valve Market is projected to witness a positive outlook with a focus on innovation, sustainability, and cost-effectiveness.
In the global Globe Valve market, Asia Pacific is expected to lead in terms of market share and growth due to rapid industrialization and infrastructure development in countries like China and India. North America is anticipated to witness steady growth driven by investments in the oil and gas sector. Europe is likely to display moderate growth with a focus on sustainable energy solutions. The Middle East and Africa region is expected to experience significant growth due to ongoing investments in the oil and gas industry. Latin America is projected to show steady growth supported by the mining and water treatment sectors. Overall, increasing demand for efficient flow control solutions across various industries is driving the growth of the Globe Valve market in these regions.
Global Globe Valve Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Globe Valve Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Globe Valve Market Revenues & Volume, 2021 & 2031F |
3.3 Global Globe Valve Market - Industry Life Cycle |
3.4 Global Globe Valve Market - Porter's Five Forces |
3.5 Global Globe Valve Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Globe Valve Market Revenues & Volume Share, By End-User Industry, 2021 & 2031F |
4 Global Globe Valve Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Globe Valve Market Trends |
6 Global Globe Valve Market, 2021 - 2031 |
6.1 Global Globe Valve Market, Revenues & Volume, By End-User Industry, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Globe Valve Market, Revenues & Volume, By Oil & Gas, 2021 - 2031 |
6.1.3 Global Globe Valve Market, Revenues & Volume, By Chemical, 2021 - 2031 |
6.1.4 Global Globe Valve Market, Revenues & Volume, By Power & Energy, 2021 - 2031 |
6.1.5 Global Globe Valve Market, Revenues & Volume, By Water & Wastewater Treatment, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.3.1 Overview & Analysis |
7 North America Globe Valve Market, Overview & Analysis |
7.1 North America Globe Valve Market Revenues & Volume, 2021 - 2031 |
7.2 North America Globe Valve Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Globe Valve Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Globe Valve Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Globe Valve Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Globe Valve Market, Revenues & Volume, By End-User Industry, 2021 - 2031 |
8 Latin America (LATAM) Globe Valve Market, Overview & Analysis |
8.1 Latin America (LATAM) Globe Valve Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Globe Valve Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Globe Valve Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Globe Valve Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Globe Valve Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Globe Valve Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Globe Valve Market, Revenues & Volume, By End-User Industry, 2021 - 2031 |
9 Asia Globe Valve Market, Overview & Analysis |
9.1 Asia Globe Valve Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Globe Valve Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Globe Valve Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Globe Valve Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Globe Valve Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Globe Valve Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Globe Valve Market, Revenues & Volume, By End-User Industry, 2021 - 2031 |
10 Africa Globe Valve Market, Overview & Analysis |
10.1 Africa Globe Valve Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Globe Valve Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Globe Valve Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Globe Valve Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Globe Valve Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Globe Valve Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Globe Valve Market, Revenues & Volume, By End-User Industry, 2021 - 2031 |
11 Europe Globe Valve Market, Overview & Analysis |
11.1 Europe Globe Valve Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Globe Valve Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Globe Valve Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Globe Valve Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Globe Valve Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Globe Valve Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Globe Valve Market, Revenues & Volume, By End-User Industry, 2021 - 2031 |
12 Middle East Globe Valve Market, Overview & Analysis |
12.1 Middle East Globe Valve Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Globe Valve Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Globe Valve Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Globe Valve Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Globe Valve Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Globe Valve Market, Revenues & Volume, By End-User Industry, 2021 - 2031 |
13 Global Globe Valve Market Key Performance Indicators |
14 Global Globe Valve Market - Export/Import By Countries Assessment |
15 Global Globe Valve Market - Opportunity Assessment |
15.1 Global Globe Valve Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Globe Valve Market Opportunity Assessment, By End-User Industry, 2021 & 2031F |
16 Global Globe Valve Market - Competitive Landscape |
16.1 Global Globe Valve Market Revenue Share, By Companies, 2024 |
16.2 Global Globe Valve Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |