Oil and Gas Valves Market

By Valve Type;

Ball Valve, Gate Valve, Globe Valve, Butterfly Valve and Check Valve

By Material Type;

Stainless Steel, Carbon Steel and Alloy Steel

By Operation Type;

Manual Valve and Actuated Valve

By Application;

Upstream, Midstream and Downstream

By End-Use Industry;

Oil & Gas Industry, Power Generation, Chemicals and Water & Wastewater Treatment

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn076217535 Published Date: September, 2025 Updated Date: October, 2025

Oil and Gas Valves Market Overview

Oil and Gas Valves Market (USD Million)

Oil and Gas Valves Market was valued at USD 13,983.57 million in the year 2024. The size of this market is expected to increase to USD 21,587.86 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.4%.


Oil and Gas Valves Market

*Market size in USD million

CAGR 6.4 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.4 %
Market Size (2024)USD 13,983.57 Million
Market Size (2031)USD 21,587.86 Million
Market ConcentrationMedium
Report Pages338
13,983.57
2024
21,587.86
2031

Major Players

  • Emerson Electric Co.
  • Schlumberger Limited
  • Baker Hughes Company
  • Flowserve Corporation
  • Cameron International Corporation (A Schlumberger Company)
  • IMI plc
  • Velan Inc.
  • Metso Corporation
  • Weir Group PLC
  • Crane Co.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Oil and Gas Valves Market

Fragmented - Highly competitive market without dominant players


The oil and gas valves market continues to evolve as a cornerstone of industrial efficiency, reliability, and safety. More than 45% of facilities now depend on advanced valve systems, underscoring their essential role in flow management and operational continuity. These devices regulate pressure, streamline processes, and ensure smooth functioning across exploration, refining, and production units.

Growing Importance of Flow Control
The push for optimized processes has accelerated the adoption of valve technologies. Nearly 40% of system upgrades involve valve enhancements, reflecting their importance in minimizing downtime and boosting efficiency. Engineered to handle extreme pressure and temperature conditions, valves safeguard critical oil and gas operations.

Technological Advancements Driving Efficiency
Emerging smart valve solutions integrated with automation and monitoring systems are transforming the industry. About 50% of recent deployments utilize intelligent control features, providing real-time monitoring and predictive maintenance. This reduces costs while improving system safety and productivity.

Safety and Reliability Enhancing Demand
The drive for safety compliance has fueled adoption of advanced valve solutions. Around 35% of companies have implemented modern valves to reduce leakage risks and ensure uninterrupted operations. Their resilience in demanding environments strengthens their role as safety-critical components.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Valve Type
    2. Market Snapshot, By Material Type
    3. Market Snapshot, By Operation Type
    4. Market Snapshot, By Application
    5. Market Snapshot, By End-Use Industry
    6. Market Snapshot, By Region
  4. Oil and Gas Valves Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Energy Demand
        2. Technological Advancements
        3. Infrastructure Expansion
      2. Restraints
        1. Regulatory Constraints
        2. Environmental Concerns
        3. Volatility in Oil Prices
      3. Opportunities
        1. Emerging Market Growth
        2. Upgradation and Retrofitting Demand
        3. Digital Transformation Integration
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Valve Market, By Valve Type, 2021 - 2031 (USD Million)
      1. Ball Valve
      2. Gate Valve
      3. Globe Valve
      4. Butterfly Valve
      5. Check Valve
    2. Valve Market, By Material Type, 2021 - 2031 (USD Million)
      1. Stainless Steel
      2. Carbon Steel
      3. Alloy Steel
    3. Valve Market, By Operation Type, 2021 - 2031 (USD Million)
      1. Manual Valve
      2. Actuated Valve
    4. Valve Market, By Application, 2021 - 2031 (USD Million)
      1. Upstream
      2. Midstream
      3. Downstream
    5. Valve Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Oil & Gas Industry
      2. Power Generation
      3. Chemicals
      4. Water & Wastewater Treatment
    6. Oil and Gas Valves Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Emerson Electric Co.
      2. Schlumberger Limited
      3. Flowserve Corporation
      4. IMI plc
      5. Crane Co.
      6. Rotork Plc
      7. Metso Corporation
      8. KSB SE & Co. KGaA
      9. Alfa Laval Corporate AB
      10. KITZ Corporation
      11. AVK Holding A/S
      12. Parker Hannifin Corporation
      13. Bray International, Inc.
      14. Watts Water Technologies, Inc.
      15. CIRCOR International, Inc.
  7. Analyst Views
  8. Future Outlook of the Market