Gate Valve Market Research Report and Outlook by 2028

The gate valve sector is anticipated to achieve a market value of US$ 12,988.40 million by 2028, rising from US$ 8,712.18 million in 2020. This growth represents a projected compound annual growth rate (CAGR) of 4.5% throughout the forecast period.

The gate valve sector encompasses key participants, including suppliers of raw materials, manufacturers of gate valves, and the end users of these products. Suppliers of raw materials are vital as they provide essential components such as steel, iron, and aluminum, which are necessary for the production of various types of gate valves, including flexible wedge and solid wedge designs. These valves are employed across a range of industries to control fluid flow rates, facilitating the operation of industrial machinery.

The gate valve market is distributed across several regions, including Asia-Pacific (APAC), the Middle East and Africa (MEA), Europe, North America, and South America (SAM).

Market Overview: Gate Valve Sector

The integration of advanced technologies, such as robotics, is becoming increasingly prevalent in sectors like oil and gas, as well as in the pulp and paper industry, to streamline complex processes. The adoption of these modern technologies has resulted in improved efficiency and flexibility across various sectors. Automation enhances interoperability, ensures transparency of information, and safeguards the integrity of manufacturing operations. Valves have historically been, and continue to be, essential elements of process automation systems, managing critical performance aspects such as intricate piping networks, temperature-variable pipes, and pressure control in processes. The demand for valves has surged across multiple sectors due to their straightforward installation and maintenance. Major players in the gate valve market are concentrating on delivering dependable valves, including flexible wedge, solid wedge, split wedge, and parallel disk valves, which cater to a wide array of applications. Furthermore, various industries are transitioning from traditional pressure valves to innovative safety valves designed to manage, reduce, sequence, or release fluid pressure. Consequently, the rising trend of factory automation is poised to significantly benefit the gate valve market in the coming years.

The rapid industrialization in numerous emerging economies in Asia is driving the demand for gate valves in the region. The market for gate valves is expected to experience considerable growth during the forecast period. Among Asian countries, China stands out as the leading consumer of industrial valves, including gate valves. Additionally, various municipal initiatives and government projects focused on infrastructure development are likely to boost the gate valve market in the Asia-Pacific region during the forecast period. Moreover, the market share in the Middle East and Africa is projected to expand, driven by the increasing demand from the oil and gas sector.

Market Drivers: Gate Valve Sector

The industrial revolution initiated a significant increase in production capabilities, resulting in a heightened dependence on manufacturing globally. According to PwC, factors such as economic growth, workforce quality, tax regulations, regulatory frameworks, and energy and transportation costs have contributed to the recovery of the manufacturing sector from the pandemic's effects. As the manufacturing industry continues to grow, related markets, including mechanical equipment suppliers, are flourishing. Furthermore, the rise of new consumer segments in developing nations is expected to present manufacturers with substantial new opportunities. As consumer demands evolve due to technological advancements, manufacturers are increasingly required to adopt modern equipment, including gate valves, in their production facilities.

Gate valves are essential components that enable the necessary fluid flow between various industrial equipment configurations. These valves utilize a blade mechanism to cut through blockages in heavy liquids and gases. Originally designed for the pulp and paper industry to slice through fibrous pulp between production sites, knife gate valves quickly gained traction due to their ease of use and cost-effectiveness, leading to their adoption in sectors such as oil and gas, wastewater management, mining, and energy production. Gate valves have since become ubiquitous across all manufacturing sites, with large-capacity valves designed to efficiently manage heavy and viscous materials, including slurries, grease, oil, paper pulp, varnish, and wastewater. Additionally, the availability of technologically advanced products has further stimulated the growth of the gate valve market.

A report from the United Nations in March 2019 indicated that 74% of the world's wastewater is released into the environment without treatment. This alarming statistic has raised concerns regarding untreated sewage and has increased the demand for wastewater treatment facilities globally. To establish cutting-edge treatment plants, the most effective water treatment technologies and valves are employed. Gate valves are vital in water treatment facilities, preventing water flow when pumps are inactive and serving as primary air gate valves on high-pressure pumps to avert vacuum pockets. As the number of water treatment facilities continues to rise, significant opportunities for gate valve suppliers are expected to emerge.