Water And Wastewater Valve Market Expected to Reach $14.7 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Water And Wastewater Valve Market," The water and wastewater valve market analysis was valued at $8.3 billion in 2020, and is estimated to reach $14.7 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032.

Water and wastewater valve systems depend on valves to regulate the flow of fluids through pipes channels, and other conduits. These valves are essential for controlling, blocking and redirecting water and wastewater flow within a network, enabling effective maintenance and operation of water supply and wastewater treatment system.  

The oil and gas sector uses water and wastewater valves in downstream, midstream, and upstream process applications, making it the largest consumer of these valves globally.  The majority of the energy businesses in the U.S. and Canada are privately owned, financed, and run.  The overall amount of investment in oil and gas infrastructure is anticipated to vary between $685 billion and $895 billion by 2035, according to the North America Midstream Infrastructure through 2035 report by ICF International Inc. Additionally, the investment is at its highest for the extraction, processing, and transportation of natural gas, all of which call for extremely effective valves to regulate oil and gas flow. This increases the need for water and wastewater valve industry in North America, which in turn increases the import of these valves from other nations, fueling the expansion of the water and wastewater valve market globally.  

Furthermore, a surge in the construction of industrial infrastructure is one of the main factors boosting demand for steel water and wastewater valves.  The steel water and wastewater valves are utilized in industrial settings to regulate gas and water flow systems.  For instance, the Neles NDX line of steel industrial valves was created by the Finland-based Metso Corporation. The product line includes a variety of types, including check valves, gate valves, and ball valves.  In order to meet the demand from the food and beverage processing, water and wastewater treatment, and other industries, the key companies are introducing new steel industrial valve products.  This gives users the freedom to select the valve based on the operation they want to carry out with the water and wastewater valve market. These programs affect steel's expansion.

However, water and wastewater valves manufacturers need to meet its stringent regulations and standards, which pose challenges in terms of design, materials and manufacturing processes. In addition, Walls have a specific pressure rating indicating the maximum pressure they can withstand. It's important to select valves that can handle the operational pressure of the water or wastewater system to prevent a leak and valve failure. Hence, such precaution while making valves increase the manufacturing cost and hinder the market growth.

Moreover, due to the tremendous demand for valves from almost all of its activities, the oil and power industry consumes the most industrial valves. For instance, rising economies such as those in Southeast Asia, Sub-Saharan Africa, India, and China are expected to drive the growth in demand for oil and gas, according to DNV GL AS, a technical advising business for the oil and gas industry based in Norway. In addition, the infrastructure of the oil and electricity industries has seen significant investment due to the rise in global energy demand.  Additionally, European nations have prioritized the production of electricity using renewable resources including solar, geothermal, and hydraulic energy.  It is projected that the development of new infrastructure for electricity generation using these resources will accelerate the growth of the water and wastewater valve market forecast for oil & gas applications.

Furthermore, the investments for extraction of oil & gas have propelled substantially, which has led to infrastructural development. Furthermore, the focus on increasing the production of oil & gas in has created a high demand for industrial valves in the Middle East. This is expected to create massive demand for water and wastewater valve market share, which in turn may boost the growth of the water and wastewater valve market growth.  

 Key Findings of the Study  

• The report provides an extensive analysis of the current and emerging trends and dynamics.   

• By type, the ball segment was the largest revenue generator in 2020.  

• By material, the steel segment generated the highest revenue in 2020.  

• By end user, the oil and gas segment dominated the water and wastewater valve market size in 2020.   

• Region wise, Asia-Pacific dominates the water and wastewater valve market trends in terms of revenue in 2020.