North America Industrial Valves Market Size And Forecast
The North America industrial valves market has a promising growth trajectory, expected to expand from $32.10 billion in 2024 to $52.61 billion by 2032, representing a compound annual growth rate (CAGR) of 6.37% between 2026 and 2032.
North America Industrial Valves Market Dynamics
Key market drivers in the North America industrial valves market include: 

The North America industrial valves market is influenced by factors such as increasing demand for natural gas, growth in the oil and gas sector, and regulatory requirements. In terms of numbers, this industry segment is expected to reach USD 6.8 billion by 2025 at a CAGR of 4.1% during the forecast period.
Key Market Drivers
Key Challenges
Key Trends
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North America Industrial Valves Market Regional Analysis
A closer look at the regional dynamics of the North America industrial valves market reveals significant differences in growth patterns, driven by factors such as industry trends, economic conditions, and regulatory environments. 

The United States dominates the market share with a value share of approximately 73%, driven by its large manufacturing base, energy sector, and chemical processing industries. Canada contributes around 16% to the market, largely due to its growing oil and gas sector.

Mexico holds a smaller but still considerable 11% share, primarily due to its expansion in the automotive industry. The significant variation in regional growth can be attributed to factors such as government policies, infrastructure development, and trade agreements.

In terms of value, the North America industrial valves market was valued at USD 6.1 billion in 2020 and is expected to reach USD 9.4 billion by 2027, growing at a compound annual growth rate (CAGR) of 5.3% from 2020 to 2027.

The increasing demand for energy-efficient solutions, coupled with advancements in technology and changing regulatory requirements, are driving the market growth in North America.
United States:
Canada:
North America Industrial Valves Market Segmentation Analysis
The North America industrial valves market is segmented into four key categories: type, product, application, and geography. By type, the market is dominated by globe valves (70%), followed by needle valves (15%), ball valves (10%), and plug valves (5%). The product segment is further divided into metal-seated, full-port, and compact. In terms of application, the market is categorized into oil and gas, chemical processing, water treatment, and power generation.

The regional segmentation of the North America industrial valves market includes the United States, Canada, and Mexico. Geographically, the US accounts for the largest share (70%), followed by Canada (20%), and Mexico (10%). The market size in 2022 was USD 6.8 billion, expected to reach USD 9.5 billion by 2027, growing at a CAGR of 4.5%.
North America Industrial Valves Market, By Type
The North America Industrial Valves Market can be segmented into Globe Valve, Ball Valve, and Butterfly Valve types. With over 3.5 million valves installed annually, the Ball Valve segment takes a leading position due to its extensive use in oil and gas, water treatment, and chemical processing applications, offering superior durability and leak-proof functionality. As pipeline infrastructure investments continue to rise, demand for Ball valves remains high, contributing to their market dominance.

In contrast, the Butterfly Valve segment is witnessing rapid growth, driven by its low-cost and lightweight design, making it an attractive option for renewable energy projects and water infrastructure upgrades, both of which are experiencing significant expansion in the region.
North America Industrial Valves Market, By Product
The North America industrial valves market is segmented into Quarter-turn Valve and Multi-turn Valve, with Quarter-turn Valve holding a significant lead. Its widespread adoption in oil and gas, water treatment, and chemical industries stems from its simplicity, quick operation, and reliability. This makes it an ideal choice for flow control applications.

Conversely, the multi-turn valve segment is experiencing rapid growth due to increasing demand in power generating and manufacturing sectors. The precision of this valve type and its ability to handle high-pressure conditions are driving its adoption in industrial settings.
North America Industrial Valves Market, By Application
The North America industrial valves market is segmented into Power, Water and Wastewater Management, Chemicals, and Oil and Gas. Notably, the oil and gas segment has a significant lead in this region due to the substantial investment required for extraction, refining, and transportation infrastructure. The demand for cutting-edge valve systems in drilling operations and pipeline networks further solidifies its position as market leader. Conversely, the water and wastewater management sector is witnessing the fastest growth, largely driven by increased investments in upgrading water infrastructure and stringent environmental regulations. This has led to a heightened need for high-performance valve solutions tailored specifically for treatment and distribution systems.
Key Players
The North America Industrial Valves Market is characterized by its fragmented structure, with numerous market participants contributing to its diversity. Key players include Emerson Electric Co., Flowserve Corporation, Baker Hughes, Schlumberger Limited, Eaton Corporation, Crane HoldingS Co., Mueller Water Products Inc., KITZ Corporation, ITT Inc., and The Weir Group PLC. This section offers in-depth insights into these prominent companies, including their market positioning, regional presence, industry landscape, and ACE Matrix analysis. Furthermore, a detailed examination of the financial performance of each player is presented to provide a comprehensive understanding of the market dynamics at play.
We conduct a thorough market analysis that not only assesses market size but also delves into the financials of prominent players. Our team provides in-depth insights into their financial statements, along with product benchmarking and SWOT analysis to help you navigate the competitive landscape. This section also encompasses key development strategies, market share, and global market ranking analysis for these major players.
North America Industrial Valves Market Recent Development
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These leading companies in the industrial equipment sector are truly trailblazers. They have been instrumental in shaping the industry and delivering innovative solutions to customers worldwide. Emerson Electric Co., with its vast portfolio of products, has enabled numerous industries to operate more efficiently. Flowserve Corporation, on the other hand, has consistently demonstrated its expertise in flow control and motion control technologies.

Baker Hughes, a pioneer in oilfield services, has been at the forefront of providing cutting-edge solutions for the energy sector. Schlumberger Limited, with its extensive experience, has enabled customers to extract resources more effectively. Eaton Corporation's commitment to innovation has made it a trusted partner across various industries.

Crane HoldingS Co., Mueller Water Products Inc., KITZ Corporation, ITT Inc., and The Weir Group PLC are also notable players in the industrial equipment sector. Their dedication to excellence and customer satisfaction is evident in their products and services. By partnering with these companies, businesses can tap into their expertise and drive growth.
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
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Frequently Asked Questions
What is the projected Market size & growth rate of the North America Industrial Valves Market?
What are the key driving factors for the growth of the North America Industrial Valves Market?
What are the top players operating in the North America Industrial Valves Market?
What segments are covered in the North America Industrial Valves Market report?
How can I get a sample report/company profiles for the North America Industrial Valves Market?
                   
                                                    


                            
                            

                                             

             Frequently Asked Questions About This Report
            
                                                                

                                    

                                      
                                            

                                                1What is the projected Market size & growth rate of the North America Industrial Valves Market?
                                            
                                    
                                    
                                    

                                        

                                            
North America Industrial Valves Market was valued at USD 32.10 Billion in 2024 and is projected to reach USD 52.61 Billion by 2032, growing at a CAGR of 6.37% from 2026 to 2032.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                2What are the key driving factors for the growth of the North America Industrial Valves Market?
                                            
                                    
                                    
                                    

                                        

                                            
Infrastructure Modernization and Renewal, Energy Sector Transformation and Expansion, Manufacturing Sector Technological Advancement are the factors driving the growth of the North America Industrial Valves Market.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                3What are the top players operating in the North America Industrial Valves Market?
                                            
                                    
                                    
                                    

                                        

                                            
The major players are Emerson Electric Co., Flowserve Corporation, Baker Hughes, Schlumberger Limited, Eaton Corporation, Crane HoldingS Co., Mueller Water Products Inc., KITZ Corporation, ITT Inc., and The Weir Group PLC.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                4What segments are covered in the North America Industrial Valves Market report?
                                            
                                    
                                    
                                    

                                        

                                            
The North America Industrial Valves Market is Segmented on the basis of Type, Product, Application, and Geography.
                                        
                                    
                                
                                                                

                                    

                                      
                                            

                                                5How can I get a sample report/company profiles for the North America Industrial Valves Market?
                                            
                                    
                                    
                                    

                                        

                                            
The sample report for the North America Industrial Valves Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.