Gate Valve Market Growth Report 2021 to 2031
The gate valve market size is projected to reach US$ 14,120.58 million by 2031 from US$ 10,026.91 million in 2023. The market is expected to register a CAGR of 4.4% during 2023–2031. The increasing number of power generation and wastewater treatment facilities is likely to remain a key trend in the market.
Gate Valve Market Analysis
The gate valves are also utilized in low-pressure applications as industrial fittings. Water, steam, gases, and other comparable fluids with low corrosion, hydrogen mixes, and aggressive mediums are all possible working mediums for these split wedge gate valves. Isolation valves are the primary function of these gate valves. Gate valves have found application in various mechanical devices, including workplace HVAC and water systems and an automobile's gasoline motor. Furthermore, gate valves are widely found in homes and commercial facilities and are utilized for various functions. These valves are made of various materials, including stainless steel, cast iron, alloy steel, forged steel, and others.
Gate Valve Market Overview
The key stakeholders in the global gate valves market ecosystem include raw material suppliers, gate valves manufacturers, and end-users. The rising demand for gate valves in manufacturing units across different industries is one of the prominent factors driving the demand for gate valves. The raw material suppliers offer raw materials such as steel, iron, and aluminum for various valve types of gate valves, such as flexible wedge solid wedge, among others. In addition to this, the use of gate valves by end users for facilitating the offering of the necessary velocity, acceleration, and deceleration of fluid to the industrial equipment is further influencing the demand for gate valves.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Gate Valve Market: Strategic Insights
Market Size Value in US$ 8,712.18 million in 2020 Market Size Value by US$ 12,988.40 million by 2028 Growth rate CAGR of 4.5% from 2020 to 2028 Forecast Period 2020 - 2028 Base Year 2020
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Gate Valve Market: Strategic Insights
| Market Size Value in | US$ 8,712.18 million in 2020 |
| Market Size Value by | US$ 12,988.40 million by 2028 |
| Growth rate | CAGR of 4.5% from 2020 to 2028 |
| Forecast Period | 2020 - 2028 |
| Base Year | 2020 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Gate Valve Market Drivers and Opportunities
Growing Industrialization to Favor Market
The governments of various developed countries like the US have taken various initiatives to support the industrial sector in the country. The government initiatives provide various benefits to the industrial companies located in the region and propel the growth of the industrial sector in the country. Thus, influencing the market growth. The high presence of manufacturing companies located in Europe benefitted from the developed facilities available. Being a powerful economy allows companies to spend more on innovations that facilitate the growth of upcoming technologies. Significant investments can bring about more growth in the gate valve market globally.
Growing Number of Power Generation and Wastewater Treatment Facilities
The developed regions are looking forward to introducing a wide range of water treatment and power generation facilities. Also, several companies in the region are taking strategic initiatives & investing in advanced technologies, which is further boosting the gate valve market. The technological ecosystem in North America and Europe is advanced. The developed regions focus on investing in advanced technologies. For instance, Veolia Water Technologies, which heavily invested in portable water treatment technologies and has solved major issues with a water solutions specialist & offered a number of emergency response services for downtime management, which is anticipated to drive the application of the gate valves. In addition, the rising need for energy is also growing demand for power generation facilities which is also positively influencing the gate valve market over the coming years.
Gate Valve Market Report Segmentation Analysis
Key segments that contributed to the derivation of the gate valve market analysis are valve type, valve size and application.
- Based on the valve type, the gate valve market is divided into flexible wedge, solid wedge, split wedge or parallel disk valves. The solid wedge segment held a larger market share in 2023.
- Based on the valve size, the gate valve market is divided into 2" to 12", 14" to 36", and 42" & above. The 14" to 36" segment held a larger market share in 2023.
- By application, the market is segmented into oil & gas, water & wastewater treatment, chemical, and others. The oil & gas segment held a significant share of the market in 2023.
Gate Valve Market Share Analysis by Geography
The geographic scope of the gate valve market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific is leading the market. Asia Pacific is a highly populated region across the world, having a higher demand for energy. The Asia Pacific region is extremely dependent on fossil fuels for energy generation, and to decrease the dependency, countries such as China, India, Japan, and Australia are strongly investing in renewable energy projects. In fact, China is the largest manufacturer as well as holds the largest installation of wind energy projects across the world. The growing number of renewable power generation facilities is acting as a major driver for the gate valve market. Similarly, the growing number of water and wastewater treatment facilities around the world has a significant positive impact on the gate valve industry.
Gate Valve Market Report Scope
Gate Valve Market News and Recent Developments
The gate valve market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the gate valve market are listed below:
- Mueller Launched a Knife Gate Valve Pratt P77 perimeter-seated bi-directional valve for Industrial Applications. (Source: Mueller Co. LLC, Press Release, September 2023)
- ORBINOX introduced a high-pressure model bi-directional knife gate valve primarily designed for industrial and water treatment applications. Its design focuses on delivering a perfect solution for water treatment applications and for general industrial processes requiring high-pressure performance and reliability. (Source: ORBINOX, Press Release, January 2022)
Gate Valve Market Report Coverage and Deliverables
The “Gate Valve Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Gate valve market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Gate valve market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Gate valve market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the gate valve market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Valve Type, Valve Size, and Valve Size
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Asia Pacific dominated the gate valve market in 2023.
The growing advent of automation is the future trend of the gate valve market.
Bray International, Dezurik, Inc., Emerson Electric Co., ITT Inc., Mueller Co. Llc, Orbinox, Sistag Ag, Stafsjö Valves Ab, Weir Group Plc, Zhejiang Linuo Fluid Control Technology Co., Ltd are some of the leading players in the market.
US$ 14,120.58 million estimated value of the gate valve market by 2031.
4.4% is the expected CAGR of the gate valve market.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Gate Valve Market
Jun 2024
End Mills Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material (Carbide, Steel, and Others), Type (Square Nose, Ball Nose, and Others), Diameter Size (Upto 4 mm, 4–6 mm, 6–8 mm, 8–12 mm, and Above 12 mm), End-Use Industry (Automotive, Heavy Machinery, Semiconductor and Electronics, Medical and Healthcare, Energy, Aerospace and Others), and Geography
Jun 2024
Plain Bearings Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type [Spherical Bearings (Radial, Angular, and Thrust), Rod Ends (Female Thread, Male Thread, and Welding Shank), and Bushings], Application (Agriculture, Construction, Industrial Vehicles, Automotive and Transportation, Aerospace and Defense, Energy and Power, and Others), and Geography
Jun 2024
Thermostatic Mixers Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Mounting Type (Deck Mount and Wall Mount), Application (Residential and Commercial), Design Type (Concealed and Exposed), and Geography
Jun 2024
Jun 2024
Trenchless Pipe Relining Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage - by Method (Cured in Place Pipe, Pull-in-Place, Pipe Bursting, and Internal Pipe Coating), End User (Residential, Commercial, Industrial, and Municipal), and Diameter (Below DN 50, DN 51–DN 150, DN 151–DN 250, and Above DN 251), and Geography
Jun 2024
Green Cement and Concrete Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Fly Ash Based, Geopolymer, Slag Based, and Others), End-user (Commercial and Public Infrastructure, Industrial, and Residential), and Geography
Jun 2024
Cold Storage Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Temperature Type (Chilled, Frozen), Warehouse Type (Public, Private and Semi-Private) and Application (Dairy Products, Meat and Seafood, Fruits and Vegetables, Pharmaceuticals, Processed Food) and Geography
Jun 2024
Chopper Pumps Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Submersible Chopper Pumps, Cantilever Chopper Pumps, Vertical Dry Pit Chopper Pumps, Self-Priming Chopper Pumps, End Suction Chopper Pump, Vertical Wet Well Chopper Pump), By End-user (Agriculture, Food and Beverages, Water and Waste Water Treatment, Chemical and Petrochemical, and Others), and Geography
Get Free Sample For