Product Code: ETC022790 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Industrial Valves Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 12.37% in 2025, the market peaks at 14.13% in 2027, and settles at 12.75% by 2029.
In the Asia region, the Industrial Valves market in Vietnam is projected to expand at a high growth rate of 14.13% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
The Vietnam industrial valves market experienced significant growth during the period from 2025 to 2031. With the country`s expanding industrial sectors, including oil and gas, power generation, chemicals, and water management, there was a rising demand for industrial valves for controlling and regulating fluid flow. Industrial valves are essential components used in various applications to control the flow of liquids and gases, ensuring the safe and efficient operation of industrial processes. As Vietnam continued to invest in infrastructure and industrial development, the market for industrial valves witnessed steady expansion.
Several drivers fueled the growth of the industrial valves market in Vietnam. Firstly, the rapid development of the oil and gas industry contributed to the demand for industrial valves in upstream and downstream operations. Valves played a critical role in controlling the flow of oil and gas during production, refining, and transportation processes. Secondly, the country`s focus on energy infrastructure and power generation further boosted the adoption of industrial valves in power plants and utilities. Valves were crucial for regulating steam, water, and other fluids in power generation systems. Moreover, the increasing emphasis on water resource management and wastewater treatment played a significant role in driving the demand for industrial valves in water treatment facilities. Valves were used in water distribution networks and treatment processes.
Despite its growth, the Vietnam industrial valves market faced certain challenges during the mentioned period. One of the primary challenges was the competition from low-cost and imported industrial valves. The presence of cheaper products from other countries created price pressures for local manufacturers and suppliers. Additionally, ensuring valve performance and reliability for different industrial applications, especially in critical industries like oil and gas, was crucial for valve manufacturers. Companies had to focus on producing high-quality and durable industrial valves.
The outbreak of the Covid-19 pandemic in 2025 had implications for the Vietnam industrial valves market. The pandemic led to changes in industrial activity and investment plans. Project delays and reduced activities in certain industries may have temporarily impacted the demand for industrial valves. Moreover, the pandemic accelerated the adoption of remote monitoring and digital solutions, leading to potential changes in valve usage and maintenance practices. The economic impact of the pandemic may have affected investment decisions and demand for industrial valves in specific sectors. Furthermore, the pandemic highlighted the importance of supply chain resilience and local manufacturing capabilities, leading to renewed focus on domestic production and sourcing.
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 Vietnam Industrial Valves Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Industrial Valves Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Industrial Valves Market - Industry Life Cycle |
3.4 Vietnam Industrial Valves Market - Porter's Five Forces |
3.5 Vietnam Industrial Valves Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.6 Vietnam Industrial Valves Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Vietnam Industrial Valves Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.8 Vietnam Industrial Valves Market Revenues & Volume Share, By Size, 2021 & 2031F |
3.9 Vietnam Industrial Valves Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Vietnam Industrial Valves Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Industrial Valves Market Trends |
6 Vietnam Industrial Valves Market, By Types |
6.1 Vietnam Industrial Valves Market, By Function |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Industrial Valves Market Revenues & Volume, By Function, 2021-2031F |
6.1.3 Vietnam Industrial Valves Market Revenues & Volume, By On-off/Isolation, 2021-2031F |
6.1.4 Vietnam Industrial Valves Market Revenues & Volume, By Control, 2021-2031F |
6.2 Vietnam Industrial Valves Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Industrial Valves Market Revenues & Volume, By Steel, 2021-2031F |
6.2.3 Vietnam Industrial Valves Market Revenues & Volume, By Cast Iron, 2021-2031F |
6.2.4 Vietnam Industrial Valves Market Revenues & Volume, By Cryogenic, 2021-2031F |
6.2.5 Vietnam Industrial Valves Market Revenues & Volume, By Alloy Based, 2021-2031F |
6.2.6 Vietnam Industrial Valves Market Revenues & Volume, By Others, 2021-2031F |
6.3 Vietnam Industrial Valves Market, By Types |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Industrial Valves Market Revenues & Volume, By Ball Valves, 2021-2031F |
6.3.3 Vietnam Industrial Valves Market Revenues & Volume, By Butterfly Valves, 2021-2031F |
6.3.4 Vietnam Industrial Valves Market Revenues & Volume, By Check Valves, 2021-2031F |
6.3.5 Vietnam Industrial Valves Market Revenues & Volume, By Diaphragm Valves, 2021-2031F |
6.3.6 Vietnam Industrial Valves Market Revenues & Volume, By Gate Valves, 2021-2031F |
6.3.7 Vietnam Industrial Valves Market Revenues & Volume, By Globe Valves, 2021-2031F |
6.3.8 Vietnam Industrial Valves Market Revenues & Volume, By Safety Valves, 2021-2031F |
6.3.9 Vietnam Industrial Valves Market Revenues & Volume, By Safety Valves, 2021-2031F |
6.4 Vietnam Industrial Valves Market, By Size |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Industrial Valves Market Revenues & Volume, By Up To 1?, 2021-2031F |
6.4.3 Vietnam Industrial Valves Market Revenues & Volume, By 1-6?, 2021-2031F |
6.4.4 Vietnam Industrial Valves Market Revenues & Volume, By 6-25?, 2021-2031F |
6.4.5 Vietnam Industrial Valves Market Revenues & Volume, By 25-50?, 2021-2031F |
6.4.6 Vietnam Industrial Valves Market Revenues & Volume, By 50? and Larger, 2021-2031F |
6.5 Vietnam Industrial Valves Market, By End-user Industry |
6.5.1 Overview and Analysis |
6.5.2 Vietnam Industrial Valves Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.5.3 Vietnam Industrial Valves Market Revenues & Volume, By Water & Wastewater Treatment, 2021-2031F |
6.5.4 Vietnam Industrial Valves Market Revenues & Volume, By Energy & Power, 2021-2031F |
6.5.5 Vietnam Industrial Valves Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.5.6 Vietnam Industrial Valves Market Revenues & Volume, By Chemicals, 2021-2031F |
6.5.7 Vietnam Industrial Valves Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.5.8 Vietnam Industrial Valves Market Revenues & Volume, By Others, 2021-2031F |
6.5.9 Vietnam Industrial Valves Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Industrial Valves Market Import-Export Trade Statistics |
7.1 Vietnam Industrial Valves Market Export to Major Countries |
7.2 Vietnam Industrial Valves Market Imports from Major Countries |
8 Vietnam Industrial Valves Market Key Performance Indicators |
9 Vietnam Industrial Valves Market - Opportunity Assessment |
9.1 Vietnam Industrial Valves Market Opportunity Assessment, By Function, 2021 & 2031F |
9.2 Vietnam Industrial Valves Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Vietnam Industrial Valves Market Opportunity Assessment, By Types, 2021 & 2031F |
9.4 Vietnam Industrial Valves Market Opportunity Assessment, By Size, 2021 & 2031F |
9.5 Vietnam Industrial Valves Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Vietnam Industrial Valves Market - Competitive Landscape |
10.1 Vietnam Industrial Valves Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Industrial Valves Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |