The U.S. industrial valve market is projected to reach $11.02 billion by 2029, up from $8.57 billion in 2023, with a growth rate of 4.28%. The market is becoming more competitive, with key players such as Bray International, Crane, and Emerson Electric leading the way. Emerson’s recent launch of ASCOTM Series 262 and 263 Biodiesel Valves reflects a shift towards sustainable energy sources.
There is a growing demand for valves in the healthcare and pharmaceutical industries, where precision and compliance with regulations are crucial. Additionally, the establishment of smart cities in the U.S. is driving the adoption of advanced technologies that rely on industrial valves.
Gate valves hold the largest market share, especially in the oil and gas sector, while plastic valves are gaining acceptance due to their lightweight and corrosion-resistant properties. Auto-responsive valves are also on the rise, contributing to energy efficiency in various industries.
The on/off valve function segment remains significant, with the 1-6″ valve size being the most popular due to its versatility in different applications. The report provides insights on key vendors in the market, including Bray International, Crane, and Emerson Electric, as well as other prominent vendors like Curtiss-Wright and Mueller.
Overall, the U.S. industrial valve market is poised for growth, driven by technological advancements and the increasing focus on sustainability. For more information, visit ResearchAndMarkets.com, the leading source for international market research reports and data.