Industrial Valves Market Size is anticipated to expand at a CAGR of 4.4% from USD 73 billion in 2021 to USD 90.5 billion by 2026. The COVID-19 pandemic, rising demand for valves from the healthcare and pharmaceutical industries, expanding nuclear power plant construction and renovation, growing demand for connected networks to maintain and monitor industrial equipment, rising adoption of automation technologies in process industries, and a growing global focus on the development of smart cities are the main factors driving the market growth.

The major players in the industrial valves market include Emerson Electric Co. (US), Schlumberger (US), Flowserve Corporation (US), IMI plc (US), Neles Corporation (Finland), Spirax Sarco Limited (UK), Crane Co. (US), KITZ Corporation (Japan), Trillium Flow Technologies (US), Bray international (US), and CIRCOR International, Inc. (US). These leading companies are well-represented in both developed and developing markets, and they have robust product and service portfolios.

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Emerson is a top producer of industrial valves and a supplier of solutions and products for process management, including valves, transmitters, analyzers, regulators, and automation systems. Additionally, the business offers vertically-specific engineering, consulting, and maintenance services to a variety of industries, including chemicals, food & beverage, onsite utilities, industrial energy, life sciences & medical, metals & mining, oil & gas, pulp & paper, and water & wastewater treatment. Through its monitoring and maintenance technologies, it offers clients total lifecycle management for valve assets. To maintain its position as a leader in the industrial valves market, the company is utilising additive manufacturing technology to develop cutting-edge valve designs and solutions. The company's primary organic growth strategy is product development. For instance, Emerson announced the availability of its first complete valve assemblies that satisfy SIL 3 criteria in October 2021.

The worldwide energy sector is served by Schlumberger (Cameron), which offers technology and services. The Valves & Measurement product line provides valve products and measurement systems principally used to regulate, direct, and measure the flow of oil and gas. It serves some portions of the upstream, midstream, and downstream industries. In April 2016, Cameron International Corporation (US) was purchased by Schlumberger Limited. With the acquisition, Cameron's wellhead and surface equipment and processing technology was combined with Schlumberger's reservoir and well expertise, enabling the company to provide pore-to-pipeline goods and services to the worldwide oil and gas industry. The company's continued emphasis on R&D is supported by its technology centre, which fosters innovation in the quickly developing fields of automation and technology. The business wants to use 3D printing to manufacture or prototype new products, particularly in the valve ecosystem.

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Industrial flow management equipment is designed, produced, and distributed by Flowserve Corporation, which also provides associated services. The Flow Serve Pump Division and the Flow Control Division are the company's two main segments (FCD). The business's Flow Control Division (FCD) provides automation and valves solutions, such as isolation and control valves, actuation, controls, and related machinery, as well as energy management products including steam traps, boiler controls, condensate and energy recovery systems. Oil and gas, chemicals, water and wastewater treatment, water management, power generation, mining, pharmaceuticals, pulp and paper, and food and beverage industries are among the sectors served by Flowserve. The company offers complete flow control systems and services, and its product line for the chemical, oil & gas, water management, and power generation industries includes valves, pumps, seals, automation, and aftermarket services. Flowserve offers a wide range of aftermarket services, including repair, installation, and retrofitting, through its manufacturing and quick response centre.

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