Oil and Gas Valve Market Outlook from 2024 to 2034

In this era of advancing smart technology, the oil and gas valve market is also set to emerge broadly with a CAGR of 3.40% from 2024 to 2034.

With urbanization and industrialization, the burgeoning need for resources and their export has surged the valve market. From USD 12,517 million in 2021, the market is on track to reach USD 13,400.5 million in 2024. Scrutinizing the market analysis and the growing trend, it can be potentially stated that the market valuation could reach USD 18,720.19 million by 2034.

Attributes Key Statistics
Expected Base Year Value (2024) USD 13,400.5 million
Anticipated Forecast Value (2034) USD 18,720.19 million
Estimated Growth (2024 to 2034) 3.40% CAGR

Oil and Gas Valve Market Growth Factors

Increasing Demand for Oil and Gas across the World

As the global population is rising, the demand for energy is also surging. With the increasing requirement for diesel, gasoline, natural gas, and other energy sources worldwide, governments in several countries are emphasizing increased oil and gas production.

Correspondingly, the requirement for valves in the exploration, production, and transportation of these resources is the main factor contributing to its growth.

The increasing establishment of several new chemical plants for the production of crude oil by-products across Argentina, Brazil, Peru, and other countries is expected to further bolster the sales of oil and gas valves.

For instance, the Government of India announced its plan to invest approximately USD 2.86 billion in the upstream oil and gas sector to double the production of natural gas to 60 bcm and drill over 120 exploration wells by the end of 2022, according to the India Brand Equity Foundation.

Increasing Focus on Safety and Environmental Protection

The oil and gas industry is one of the most hazardous industries in the world. Accidents and spills can have severe consequences for the environment and human health.

To mitigate these risks, companies adopt new technologies and equipment that help improve safety and mitigate these risks. Valves play a vital role and are designed to meet the highest safety standards. This peculiarity is spurring their sales in the global market.

As oil and gas valves play a significant role in controlling the flow and pressure of oil and natural gas during their production and refining, a slew of such initiatives has the potential to create lucrative growth opportunities in the market over the coming years.

Booming Energy Sector

Rapid expansion of the power generation sector is a key factor contributing to the growth of the valve manufacturing sector globally. The growing inclination toward adopting advanced mechanical engineering procedures to extract energy sources like natural gas, petroleum, and crude oil across the United States, China, GCC countries, and others facilitates market growth.

Regional Diversification and Strict Government Policies Hinder the Market Growth

The lack of standardization and government policies regarding valves restrains market growth. Different regions have different certifications and policies for these valves. This factor creates diversity in the demand and applicability of valves in various industries.

As industry players have to modify the same product according to regional policies, market growth is hindered. Additional capital and a diverse product portfolio affect overall profitability and maintenance costs. Many such factors deter market growth.

Category-wise Insights

Butterflies Valves to Account for a Big Share of the Oil and Gas Valve Market in 2024

Butterfly valves are designed to regulate the flow of fluids and gases. This makes them ideal for use in a wide range of applications, from oil and gas pipelines to refineries and petrochemical plants. In addition to their affordability and ease of use, butterfly valves are also highly effective. Thus, sales of these valves are projected to grasp a market share of 18.00% in 2024.

Attributes Details
Product Type Butterflies
Market Share (2024) 18.00%

Butterfly valves are more affordable than many other types of valves. They are easier to install and maintain, which saves the company’s time and money. This makes them particularly well-suited for use in the oil and gas industry, where precision and accuracy are critical.

The use of butterfly valves in oil and gas operations can also help improve safety and reduce the risk of accidents or spills. Thus, many companies in the oil and gas industry are turning to butterfly valves as a cost-effective, reliable, and efficient solution for their flow control needs.

Compactness and Durability of 0.25 - 8 inches Valves Make them the Ideal Choice in the Oil and Gas Industry

The 0.25 to 8-inch segment is anticipated to hold the lion’s share in the global market, accounting for nearly 51.00% of the market share in the total oil and gas valve market in 2024.

Attributes Details
Size 0.25 - 8 inches
Market Share (2024) 51.00%

The growing application across oil and gas, water treatment, and chemical industries, owing to its attributes such as ease of operation, low cost, and ability to be used in diverse locations, is favoring the growth in the segment. The compact nature of 0.25 to 8-inch valves helps in their propagation throughout the oil and gas sector.

Country-wise Insights

Countries like India, South Korea, Japan, Italy, and Spain are expanding broadly in the oil and gas valve market.

Countries CAGR from 2024 to 2034
India 5.10%
South Korea 4.60%
Japan 3.90%
Italy 3.60%
Spain 3.20%

Expanding Indian Oil Refineries in India Profits the Market along with Government Backings

Increased focus on renovating existing refineries and expanding Indian oil refineries to meet the growing demand for crude oil. This is expected to result in increased investments in the pipeline and infrastructural development in India, spurring growth with a moderate CAGR of 5.10% through 2034.

Rising concerns regarding pipeline safety due to the increasing incidence of leakage and hazards are encouraging customers to adopt advanced monitoring and controlling devices such as oil and gas valves.

The Government of India is increasingly undertaking initiatives to expand its oil and gas network to reduce the cost and time of transportation and increase the availability across rural areas. For instance, the Union Government announced allocating around USD 1.71 billion to the Gas Authority of India Ltd. (GAIL) for the direct benefit transfer of liquefied petroleum gas (LPG).

A multiplicity of such developments is estimated to fuel the demand for different types of valves used in the oil and gas industry. For instance, in November 2021, Dixon announced the launch of the new B5017 series butterfly valve for several industries, including the oil and gas industry. This new series consists of valves with Vertical Canister Actuation, pull handle clamp end, and pull handle weld end.

Extensive Investment in Oil Pipeline Infrastructure Developments in South Korea Augments the Market Growth

South Korea's industrial valve sector is robust and thriving, playing an important role in the country's industrial and technological landscape. With an estimated CAGR of 4.60%, the South Korea oil and gas valve market has set an upward trajectory.

South Korea’s valve manufacturers are renowned for their dedication to technological advancement and innovation. The rapid expansion of South Korea’s market is mostly due to extensive investment in oil pipeline and infrastructure development. Increasing focus on digitalized control systems creates opportunities for market players to offer advanced solutions.

Key companies like Korea Zinc, Kitz Corporation of Korea, KS Valve, HwaSung, Doosan Industrial Valve, Woojin Industrial Systems, and other major players are contributing to the overall market growth in South Korea.

Automation Technologies of Japan Curate Opportunities for Oil and Gas Valve Manufacturers

Increasing pace of industrialization and infrastructure development in Japan has pushed the valve manufacturing sector. This surge in development is generating substantial demand for industrial valves across various sectors within Japan, including oil and gas, water and wastewater treatment, chemicals, and power generation. This growth has contributed to a rise in CAGR of 3.90% from 2024 to 2034.

Stringent government regulations prioritizing safety and environmental standards act as catalysts for market growth. Another factor is automation technologies propelling expansion in Japan.

Emerging economies are demonstrating a heightened surge in demand for dependable and high-performance valves. Concurrently, ongoing investments in industrial projects across Japan are creating substantial opportunities for market share for valve manufacturers.

The European Manufacturing Industry Backs up Italy’s Gas and Oil Valve Market

The main factor contributing to the boost of oil and gas valves in Italy is its excellence in the European manufacturing industry. With a CAGR of 3.60% for the forecast period, Italy is set to expand its presence in the global market.

High rate of innovation and the numerous fields of application in the market have made Italy an epitome of valves. Made in Italy, valves are famous, accessible, and, due to their high quality, are opted by the consumer base worldwide.

Ranking among the most important oil-producing countries, Italy stands with enormous opportunities to grow in the valve manufacturing sector. The government plans to increase extraction in the coming years. This can certainly translate into valuable opportunities for oil and gas valve companies.

Shift toward Greener Energy Sources Spurs Market Growth in Spain

Spain, with its strong automotive sector, flourishes high in smart technologies for oil and gas valves. The expansion is caused by high demand from end-use sectors such as oil and gas, power production, chemicals and petrochemicals, pharmaceuticals, and food and beverages.

With government bodies offering initiatives to build better infrastructure and a more beneficial regulatory framework, Spain sets a CAGR of 3.20% through 2034 for the oil and gas valve market.

Spain is one of the primary centers for manufacturing industrial control components. This includes actuators, sensors, and various types of valves. The country’s shift toward greener energy sources has also surged the requirement for industrial valves.

Spain’s huge coastline and marine operations also necessitate the use of a diverse range of industrial valves for fluid management on ships and in port facilities. These factors, in an amalgamated manner, show ongoing expansion in sales of oil and gas valves.

Competitive Landscape

Many leading companies are contributing to the advancement in the standards of valves. They are expanding their product portfolio to meet market demand.

  • Emerson Electric Co. is a global technology company that provides solutions for industrial, commercial, and consumer markets. This company has a strong history of innovation and has an international presence in over 150 countries.
  • Parker Hannifin Corp is a leading manufacturer of motion and control technologies, including valves for the oil and gas industry. Parker Hannifin Corp has a strong market presence and has been expanding its product portfolio to cater to the growing demand in the oil and gas sector.
  • BHGE (BAKER HUGHES, a GE Company) is a global oilfield services company. BHGE has a strong market presence, well-known for its advanced technology solutions and reliable products.

Recent Advancements

  • In July 2023, Renishaw and Kent Introl partnered to introduce additive manufacturing to the United Kingdom oil and gas sector. Kent Introl became the first valve parts manufacturer in the country to adopt AM technology, installing Renishaw's system at its Brighouse headquarters.
  • In June 2022, 3ntr and Valland introduced PEEK oil and gas valves via 3D printing, addressing the industry's need for customizable solutions. The collaboration aimed to streamline production and reduce costs for oil and gas companies.

Key Companies

  • Emerson Electric Co.
  • CIRCOR International Inc.
  • Schlumberger Limited
  • PARKER HANNIFIN CORP
  • Weir Group Plc.
  • Metso Corporation
  • BAKER HUGHES
  • Others

Key Coverage in the Oil and Gas Valve Market Report

  • Market Dynamics Influencing Oil and Gas Valves Sales
  • Impact of Technological Advancements on Valve Solutions in Oil and Gas Industry
  • Market Perception of Safety and Reliability of Oil and Gas Valves
  • Emerging Opportunities in the Oil and Gas Valves Sector
  • Smart Technologies in Oil and Gas Valves
  • Market Research on Durability and Performance of Oil and Gas Valves

Market Segmentation

By Product Type:

  • Gates
  • Globes
  • Balls
  • Butterflies
  • Checks
  • PRVs
  • Others

By Size:

  • 0.25 to 8 inches
  • 8 to 20 inches
  • Above 20 inches

By Body Material:

  • Cast
  • Forged

By Application:

  • Upstream
  • Midstream
  • Downstream

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa (MEA)
  • Europe

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
  • 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
    • 5.1. Gates
    • 5.2. Globes
    • 5.3. Balls
    • 5.4. Butterflies
    • 5.5. Checks
    • 5.6. PRVs
    • 5.7. Others
  • 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Size
    • 6.1. 0.25 to 8 Inches
    • 6.2. 9 to 20 Inches
    • 6.3. Above 20 Inches
  • 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Body Material
    • 7.1. Cast
    • 7.2. Forged
  • 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
    • 8.1. Upstream
    • 8.2. Midstream
    • 8.3. Downstream
  • 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
    • 9.1. North America
    • 9.2. Latin America
    • 9.3. Western Europe
    • 9.4. Eastern Europe
    • 9.5. South Asia and Pacific
    • 9.6. East Asia
    • 9.7. Middle East and Africa
  • 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 17. Key Countries Market Analysis
  • 18. Market Structure Analysis
  • 19. Competition Analysis
    • 19.1. Emerson Electric Co.
    • 19.2. CIRCOR International Inc.
    • 19.3. Schlumberger Limited
    • 19.4. PARKER HANNIFIN CORP
    • 19.5. Weir Group Plc.
    • 19.6. Metso Corporation
    • 19.7. BAKER HUGHES
    • 19.8. Armstrong International Inc.
    • 19.9. HYDAC
    • 19.10. National Oilwell Varco, Inc.
  • 20. Assumptions & Acronyms Used
  • 21. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034

Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034

Table 3: Global Market Value (US$ Million) Forecast by Product Type, 2019 to 2034

Table 4: Global Market Volume (Units) Forecast by Product Type, 2019 to 2034

Table 5: Global Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 6: Global Market Volume (Units) Forecast by Size, 2019 to 2034

Table 7: Global Market Value (US$ Million) Forecast by Body Material, 2019 to 2034

Table 8: Global Market Volume (Units) Forecast by Body Material, 2019 to 2034

Table 9: Global Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 10: Global Market Volume (Units) Forecast by Application, 2019 to 2034

Table 11: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 12: North America Market Volume (Units) Forecast by Country, 2019 to 2034

Table 13: North America Market Value (US$ Million) Forecast by Product Type, 2019 to 2034

Table 14: North America Market Volume (Units) Forecast by Product Type, 2019 to 2034

Table 15: North America Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 16: North America Market Volume (Units) Forecast by Size, 2019 to 2034

Table 17: North America Market Value (US$ Million) Forecast by Body Material, 2019 to 2034

Table 18: North America Market Volume (Units) Forecast by Body Material, 2019 to 2034

Table 19: North America Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 20: North America Market Volume (Units) Forecast by Application, 2019 to 2034

Table 21: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 22: Latin America Market Volume (Units) Forecast by Country, 2019 to 2034

Table 23: Latin America Market Value (US$ Million) Forecast by Product Type, 2019 to 2034

Table 24: Latin America Market Volume (Units) Forecast by Product Type, 2019 to 2034

Table 25: Latin America Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 26: Latin America Market Volume (Units) Forecast by Size, 2019 to 2034

Table 27: Latin America Market Value (US$ Million) Forecast by Body Material, 2019 to 2034

Table 28: Latin America Market Volume (Units) Forecast by Body Material, 2019 to 2034

Table 29: Latin America Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 30: Latin America Market Volume (Units) Forecast by Application, 2019 to 2034

Table 31: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 32: Western Europe Market Volume (Units) Forecast by Country, 2019 to 2034

Table 33: Western Europe Market Value (US$ Million) Forecast by Product Type, 2019 to 2034

Table 34: Western Europe Market Volume (Units) Forecast by Product Type, 2019 to 2034

Table 35: Western Europe Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 36: Western Europe Market Volume (Units) Forecast by Size, 2019 to 2034

Table 37: Western Europe Market Value (US$ Million) Forecast by Body Material, 2019 to 2034

Table 38: Western Europe Market Volume (Units) Forecast by Body Material, 2019 to 2034

Table 39: Western Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 40: Western Europe Market Volume (Units) Forecast by Application, 2019 to 2034

Table 41: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 42: Eastern Europe Market Volume (Units) Forecast by Country, 2019 to 2034

Table 43: Eastern Europe Market Value (US$ Million) Forecast by Product Type, 2019 to 2034

Table 44: Eastern Europe Market Volume (Units) Forecast by Product Type, 2019 to 2034

Table 45: Eastern Europe Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 46: Eastern Europe Market Volume (Units) Forecast by Size, 2019 to 2034

Table 47: Eastern Europe Market Value (US$ Million) Forecast by Body Material, 2019 to 2034

Table 48: Eastern Europe Market Volume (Units) Forecast by Body Material, 2019 to 2034

Table 49: Eastern Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 50: Eastern Europe Market Volume (Units) Forecast by Application, 2019 to 2034

Table 51: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 52: South Asia and Pacific Market Volume (Units) Forecast by Country, 2019 to 2034

Table 53: South Asia and Pacific Market Value (US$ Million) Forecast by Product Type, 2019 to 2034

Table 54: South Asia and Pacific Market Volume (Units) Forecast by Product Type, 2019 to 2034

Table 55: South Asia and Pacific Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 56: South Asia and Pacific Market Volume (Units) Forecast by Size, 2019 to 2034

Table 57: South Asia and Pacific Market Value (US$ Million) Forecast by Body Material, 2019 to 2034

Table 58: South Asia and Pacific Market Volume (Units) Forecast by Body Material, 2019 to 2034

Table 59: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 60: South Asia and Pacific Market Volume (Units) Forecast by Application, 2019 to 2034

Table 61: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 62: East Asia Market Volume (Units) Forecast by Country, 2019 to 2034

Table 63: East Asia Market Value (US$ Million) Forecast by Product Type, 2019 to 2034

Table 64: East Asia Market Volume (Units) Forecast by Product Type, 2019 to 2034

Table 65: East Asia Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 66: East Asia Market Volume (Units) Forecast by Size, 2019 to 2034

Table 67: East Asia Market Value (US$ Million) Forecast by Body Material, 2019 to 2034

Table 68: East Asia Market Volume (Units) Forecast by Body Material, 2019 to 2034

Table 69: East Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 70: East Asia Market Volume (Units) Forecast by Application, 2019 to 2034

Table 71: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 72: Middle East and Africa Market Volume (Units) Forecast by Country, 2019 to 2034

Table 73: Middle East and Africa Market Value (US$ Million) Forecast by Product Type, 2019 to 2034

Table 74: Middle East and Africa Market Volume (Units) Forecast by Product Type, 2019 to 2034

Table 75: Middle East and Africa Market Value (US$ Million) Forecast by Size, 2019 to 2034

Table 76: Middle East and Africa Market Volume (Units) Forecast by Size, 2019 to 2034

Table 77: Middle East and Africa Market Value (US$ Million) Forecast by Body Material, 2019 to 2034

Table 78: Middle East and Africa Market Volume (Units) Forecast by Body Material, 2019 to 2034

Table 79: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 80: Middle East and Africa Market Volume (Units) Forecast by Application, 2019 to 2034

List of Figures

Figure 1: Global Market Value (US$ Million) by Product Type, 2024 to 2034

Figure 2: Global Market Value (US$ Million) by Size, 2024 to 2034

Figure 3: Global Market Value (US$ Million) by Body Material, 2024 to 2034

Figure 4: Global Market Value (US$ Million) by Application, 2024 to 2034

Figure 5: Global Market Value (US$ Million) by Region, 2024 to 2034

Figure 6: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034

Figure 7: Global Market Volume (Units) Analysis by Region, 2019 to 2034

Figure 8: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034

Figure 9: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034

Figure 10: Global Market Value (US$ Million) Analysis by Product Type, 2019 to 2034

Figure 11: Global Market Volume (Units) Analysis by Product Type, 2019 to 2034

Figure 12: Global Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 13: Global Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 14: Global Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 15: Global Market Volume (Units) Analysis by Size, 2019 to 2034

Figure 16: Global Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 17: Global Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 18: Global Market Value (US$ Million) Analysis by Body Material, 2019 to 2034

Figure 19: Global Market Volume (Units) Analysis by Body Material, 2019 to 2034

Figure 20: Global Market Value Share (%) and BPS Analysis by Body Material, 2024 to 2034

Figure 21: Global Market Y-o-Y Growth (%) Projections by Body Material, 2024 to 2034

Figure 22: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 23: Global Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 24: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 25: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 26: Global Market Attractiveness by Product Type, 2024 to 2034

Figure 27: Global Market Attractiveness by Size, 2024 to 2034

Figure 28: Global Market Attractiveness by Body Material, 2024 to 2034

Figure 29: Global Market Attractiveness by Application, 2024 to 2034

Figure 30: Global Market Attractiveness by Region, 2024 to 2034

Figure 31: North America Market Value (US$ Million) by Product Type, 2024 to 2034

Figure 32: North America Market Value (US$ Million) by Size, 2024 to 2034

Figure 33: North America Market Value (US$ Million) by Body Material, 2024 to 2034

Figure 34: North America Market Value (US$ Million) by Application, 2024 to 2034

Figure 35: North America Market Value (US$ Million) by Country, 2024 to 2034

Figure 36: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 37: North America Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 38: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 39: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 40: North America Market Value (US$ Million) Analysis by Product Type, 2019 to 2034

Figure 41: North America Market Volume (Units) Analysis by Product Type, 2019 to 2034

Figure 42: North America Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 43: North America Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 44: North America Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 45: North America Market Volume (Units) Analysis by Size, 2019 to 2034

Figure 46: North America Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 47: North America Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 48: North America Market Value (US$ Million) Analysis by Body Material, 2019 to 2034

Figure 49: North America Market Volume (Units) Analysis by Body Material, 2019 to 2034

Figure 50: North America Market Value Share (%) and BPS Analysis by Body Material, 2024 to 2034

Figure 51: North America Market Y-o-Y Growth (%) Projections by Body Material, 2024 to 2034

Figure 52: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 53: North America Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 54: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 55: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 56: North America Market Attractiveness by Product Type, 2024 to 2034

Figure 57: North America Market Attractiveness by Size, 2024 to 2034

Figure 58: North America Market Attractiveness by Body Material, 2024 to 2034

Figure 59: North America Market Attractiveness by Application, 2024 to 2034

Figure 60: North America Market Attractiveness by Country, 2024 to 2034

Figure 61: Latin America Market Value (US$ Million) by Product Type, 2024 to 2034

Figure 62: Latin America Market Value (US$ Million) by Size, 2024 to 2034

Figure 63: Latin America Market Value (US$ Million) by Body Material, 2024 to 2034

Figure 64: Latin America Market Value (US$ Million) by Application, 2024 to 2034

Figure 65: Latin America Market Value (US$ Million) by Country, 2024 to 2034

Figure 66: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 67: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 68: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 69: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 70: Latin America Market Value (US$ Million) Analysis by Product Type, 2019 to 2034

Figure 71: Latin America Market Volume (Units) Analysis by Product Type, 2019 to 2034

Figure 72: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 73: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 74: Latin America Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 75: Latin America Market Volume (Units) Analysis by Size, 2019 to 2034

Figure 76: Latin America Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 77: Latin America Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 78: Latin America Market Value (US$ Million) Analysis by Body Material, 2019 to 2034

Figure 79: Latin America Market Volume (Units) Analysis by Body Material, 2019 to 2034

Figure 80: Latin America Market Value Share (%) and BPS Analysis by Body Material, 2024 to 2034

Figure 81: Latin America Market Y-o-Y Growth (%) Projections by Body Material, 2024 to 2034

Figure 82: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 83: Latin America Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 84: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 85: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 86: Latin America Market Attractiveness by Product Type, 2024 to 2034

Figure 87: Latin America Market Attractiveness by Size, 2024 to 2034

Figure 88: Latin America Market Attractiveness by Body Material, 2024 to 2034

Figure 89: Latin America Market Attractiveness by Application, 2024 to 2034

Figure 90: Latin America Market Attractiveness by Country, 2024 to 2034

Figure 91: Western Europe Market Value (US$ Million) by Product Type, 2024 to 2034

Figure 92: Western Europe Market Value (US$ Million) by Size, 2024 to 2034

Figure 93: Western Europe Market Value (US$ Million) by Body Material, 2024 to 2034

Figure 94: Western Europe Market Value (US$ Million) by Application, 2024 to 2034

Figure 95: Western Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 96: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 97: Western Europe Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 98: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 99: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 100: Western Europe Market Value (US$ Million) Analysis by Product Type, 2019 to 2034

Figure 101: Western Europe Market Volume (Units) Analysis by Product Type, 2019 to 2034

Figure 102: Western Europe Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 103: Western Europe Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 104: Western Europe Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 105: Western Europe Market Volume (Units) Analysis by Size, 2019 to 2034

Figure 106: Western Europe Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 107: Western Europe Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 108: Western Europe Market Value (US$ Million) Analysis by Body Material, 2019 to 2034

Figure 109: Western Europe Market Volume (Units) Analysis by Body Material, 2019 to 2034

Figure 110: Western Europe Market Value Share (%) and BPS Analysis by Body Material, 2024 to 2034

Figure 111: Western Europe Market Y-o-Y Growth (%) Projections by Body Material, 2024 to 2034

Figure 112: Western Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 113: Western Europe Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 114: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 115: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 116: Western Europe Market Attractiveness by Product Type, 2024 to 2034

Figure 117: Western Europe Market Attractiveness by Size, 2024 to 2034

Figure 118: Western Europe Market Attractiveness by Body Material, 2024 to 2034

Figure 119: Western Europe Market Attractiveness by Application, 2024 to 2034

Figure 120: Western Europe Market Attractiveness by Country, 2024 to 2034

Figure 121: Eastern Europe Market Value (US$ Million) by Product Type, 2024 to 2034

Figure 122: Eastern Europe Market Value (US$ Million) by Size, 2024 to 2034

Figure 123: Eastern Europe Market Value (US$ Million) by Body Material, 2024 to 2034

Figure 124: Eastern Europe Market Value (US$ Million) by Application, 2024 to 2034

Figure 125: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 126: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 127: Eastern Europe Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 128: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 129: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 130: Eastern Europe Market Value (US$ Million) Analysis by Product Type, 2019 to 2034

Figure 131: Eastern Europe Market Volume (Units) Analysis by Product Type, 2019 to 2034

Figure 132: Eastern Europe Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 133: Eastern Europe Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 134: Eastern Europe Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 135: Eastern Europe Market Volume (Units) Analysis by Size, 2019 to 2034

Figure 136: Eastern Europe Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 137: Eastern Europe Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 138: Eastern Europe Market Value (US$ Million) Analysis by Body Material, 2019 to 2034

Figure 139: Eastern Europe Market Volume (Units) Analysis by Body Material, 2019 to 2034

Figure 140: Eastern Europe Market Value Share (%) and BPS Analysis by Body Material, 2024 to 2034

Figure 141: Eastern Europe Market Y-o-Y Growth (%) Projections by Body Material, 2024 to 2034

Figure 142: Eastern Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 143: Eastern Europe Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 144: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 145: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 146: Eastern Europe Market Attractiveness by Product Type, 2024 to 2034

Figure 147: Eastern Europe Market Attractiveness by Size, 2024 to 2034

Figure 148: Eastern Europe Market Attractiveness by Body Material, 2024 to 2034

Figure 149: Eastern Europe Market Attractiveness by Application, 2024 to 2034

Figure 150: Eastern Europe Market Attractiveness by Country, 2024 to 2034

Figure 151: South Asia and Pacific Market Value (US$ Million) by Product Type, 2024 to 2034

Figure 152: South Asia and Pacific Market Value (US$ Million) by Size, 2024 to 2034

Figure 153: South Asia and Pacific Market Value (US$ Million) by Body Material, 2024 to 2034

Figure 154: South Asia and Pacific Market Value (US$ Million) by Application, 2024 to 2034

Figure 155: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034

Figure 156: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 157: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 158: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 159: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 160: South Asia and Pacific Market Value (US$ Million) Analysis by Product Type, 2019 to 2034

Figure 161: South Asia and Pacific Market Volume (Units) Analysis by Product Type, 2019 to 2034

Figure 162: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 163: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 164: South Asia and Pacific Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 165: South Asia and Pacific Market Volume (Units) Analysis by Size, 2019 to 2034

Figure 166: South Asia and Pacific Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 167: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 168: South Asia and Pacific Market Value (US$ Million) Analysis by Body Material, 2019 to 2034

Figure 169: South Asia and Pacific Market Volume (Units) Analysis by Body Material, 2019 to 2034

Figure 170: South Asia and Pacific Market Value Share (%) and BPS Analysis by Body Material, 2024 to 2034

Figure 171: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Body Material, 2024 to 2034

Figure 172: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 173: South Asia and Pacific Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 174: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 175: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 176: South Asia and Pacific Market Attractiveness by Product Type, 2024 to 2034

Figure 177: South Asia and Pacific Market Attractiveness by Size, 2024 to 2034

Figure 178: South Asia and Pacific Market Attractiveness by Body Material, 2024 to 2034

Figure 179: South Asia and Pacific Market Attractiveness by Application, 2024 to 2034

Figure 180: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034

Figure 181: East Asia Market Value (US$ Million) by Product Type, 2024 to 2034

Figure 182: East Asia Market Value (US$ Million) by Size, 2024 to 2034

Figure 183: East Asia Market Value (US$ Million) by Body Material, 2024 to 2034

Figure 184: East Asia Market Value (US$ Million) by Application, 2024 to 2034

Figure 185: East Asia Market Value (US$ Million) by Country, 2024 to 2034

Figure 186: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 187: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 188: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 189: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 190: East Asia Market Value (US$ Million) Analysis by Product Type, 2019 to 2034

Figure 191: East Asia Market Volume (Units) Analysis by Product Type, 2019 to 2034

Figure 192: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 193: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 194: East Asia Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 195: East Asia Market Volume (Units) Analysis by Size, 2019 to 2034

Figure 196: East Asia Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 197: East Asia Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 198: East Asia Market Value (US$ Million) Analysis by Body Material, 2019 to 2034

Figure 199: East Asia Market Volume (Units) Analysis by Body Material, 2019 to 2034

Figure 200: East Asia Market Value Share (%) and BPS Analysis by Body Material, 2024 to 2034

Figure 201: East Asia Market Y-o-Y Growth (%) Projections by Body Material, 2024 to 2034

Figure 202: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 203: East Asia Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 204: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 205: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 206: East Asia Market Attractiveness by Product Type, 2024 to 2034

Figure 207: East Asia Market Attractiveness by Size, 2024 to 2034

Figure 208: East Asia Market Attractiveness by Body Material, 2024 to 2034

Figure 209: East Asia Market Attractiveness by Application, 2024 to 2034

Figure 210: East Asia Market Attractiveness by Country, 2024 to 2034

Figure 211: Middle East and Africa Market Value (US$ Million) by Product Type, 2024 to 2034

Figure 212: Middle East and Africa Market Value (US$ Million) by Size, 2024 to 2034

Figure 213: Middle East and Africa Market Value (US$ Million) by Body Material, 2024 to 2034

Figure 214: Middle East and Africa Market Value (US$ Million) by Application, 2024 to 2034

Figure 215: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034

Figure 216: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 217: Middle East and Africa Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 218: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 219: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 220: Middle East and Africa Market Value (US$ Million) Analysis by Product Type, 2019 to 2034

Figure 221: Middle East and Africa Market Volume (Units) Analysis by Product Type, 2019 to 2034

Figure 222: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 223: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 224: Middle East and Africa Market Value (US$ Million) Analysis by Size, 2019 to 2034

Figure 225: Middle East and Africa Market Volume (Units) Analysis by Size, 2019 to 2034

Figure 226: Middle East and Africa Market Value Share (%) and BPS Analysis by Size, 2024 to 2034

Figure 227: Middle East and Africa Market Y-o-Y Growth (%) Projections by Size, 2024 to 2034

Figure 228: Middle East and Africa Market Value (US$ Million) Analysis by Body Material, 2019 to 2034

Figure 229: Middle East and Africa Market Volume (Units) Analysis by Body Material, 2019 to 2034

Figure 230: Middle East and Africa Market Value Share (%) and BPS Analysis by Body Material, 2024 to 2034

Figure 231: Middle East and Africa Market Y-o-Y Growth (%) Projections by Body Material, 2024 to 2034

Figure 232: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 233: Middle East and Africa Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 234: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 235: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 236: Middle East and Africa Market Attractiveness by Product Type, 2024 to 2034

Figure 237: Middle East and Africa Market Attractiveness by Size, 2024 to 2034

Figure 238: Middle East and Africa Market Attractiveness by Body Material, 2024 to 2034

Figure 239: Middle East and Africa Market Attractiveness by Application, 2024 to 2034

Figure 240: Middle East and Africa Market Attractiveness by Country, 2024 to 2034

Frequently Asked Questions

What is the Current Worth of the Oil and Gas Valve Market?

The market value is set to reach USD 13,400.5 million by 2024.

What is the Sales Forecast for Oil and Gas Valves through 2034?

The oil and gas valve market is expected to reach USD 18,720.19 million by 2034.

At What Rate is the Oil and Gas Valve Market Growing Globally?

The market is set to develop at a CAGR of 3.40% from 2024 to 2034.

Which is the Top Product Type of Oil and Gas Valves?

Butterfly valves are the most common type, with a market share of 18.00% for 2024.

How will India’s Oil and Gas Valve Market Progress?

The market in India is expected to progress at a CAGR of 5.10% through 2034.

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Oil and Gas Valve Market