The global valve market is experiencing robust growth driven by industrialization, infrastructure upgrades, and energy transition initiatives worldwide. According to industry reports, the market size reached approximately $82.1 billion in 2023, marking a year-on-year increase of 3.92%, and is projected to surpass $150 billion by 2030 with a compound annual growth rate (CAGR) of around 6% . Asia-Pacific has emerged as the dominant regional market, accounting for 45% of global demand in 2023, with China and India leading the growth momentum due to accelerated industrialization and large-scale infrastructure projects . China alone is expected to hold over 35% of the global market share by 2030, with its domestic valve market size anticipated to reach $17.1 billion in 2025, following a 6.21% year-on-year growth .

Key growth drivers include surging demand from core sectors such as oil and gas, power generation, water treatment, and construction. Industrial valves, which account for 62% of the market, are witnessing particularly strong growth in subsegments like ball valves (17% market share) and gate valves (10% market share) . The rise of smart cities and environmental protection projects, such as sponge city development and rural water supply upgrades, is also boosting demand for municipal and hydraulic engineering valves, which currently hold a 10% share of the global market . Additionally, technological advancements in materials and manufacturing—including the adoption of aerogel composites for high-temperature applications and 5G-integrated smart control systems—are expanding the application scope of valves in extreme operating conditions .