석유 및 가스용 밸브 시장 - 산업 규모, 점유율, 동향, 기회, 예측 : 제품 유형별, 보디 소재별, 사이즈별, 지역별 경쟁(2021-2031년)

The Global Oil and Gas Valves Market is projected to expand from USD 12.73 Billion in 2025 to USD 16.16 Billion by 2031, reflecting a compound annual growth rate of 4.06%. These mechanical devices are indispensable for regulating, isolating, and controlling fluid flow across upstream extraction, midstream transportation, and downstream refining processes. Growth is fueled principally by rising global energy requirements, which demand the extension of pipeline networks and the initiation of fresh exploration endeavors. Additionally, the necessity to update aging infrastructure to maintain safety standards and adhere to regulations significantly drives the purchase of these vital components, ensuring steady demand independent of fleeting market fluctuations.

However, the industry encounters significant hurdles due to the global shift toward energy transition and decarbonization, which introduces uncertainty regarding long-term fossil fuel commitments and creates potential delays in capital spending. This intricate environment is mirrored in recent industry performance figures; for instance, the VDMA reported in 2024 that the industrial valves sector achieved a nominal sales increase of 6 percent. This figure highlights the durability of international demand even amidst widespread economic instability, suggesting that essential maintenance and modernization continue despite broader hesitancy in long-term carbon-intensive investments.

Market Driver

Rising global energy consumption is stimulating a revival in upstream exploration and production, creating a strong need for high-pressure valves capable of withstanding extraction environments. As companies push into deeper waters and more challenging reservoirs to access reserves, expenditures on wellhead, isolation, and control infrastructure have escalated, fueling market expansion. This increased investment supports the installation of specialized valves required to manage flow and ensure safety under severe conditions, a trend supported by the International Energy Agency's 'World Energy Investment 2024' report, which projects global upstream oil and gas investment to rise by 7 percent to USD 570 billion in 2024.

Simultaneously, the boom in Liquefied Natural Gas (LNG) transportation and regasification serves as a critical driver, specifically boosting demand for cryogenic and safety relief valves. Geopolitical efforts to diversify energy sources have hastened the build-out of liquefaction plants and import terminals worldwide, necessitating complex valve systems for storage and processing. According to the International Gas Union's 'World LNG Report 2024', global LNG receiving capacity grew by 69.7 million tonnes per annum in 2023, the largest increase since 2010. Furthermore, OPEC's July 2024 forecast predicting world oil demand growth of 2.25 million barrels per day reinforces the sheer operational volume that necessitates ongoing valve maintenance and replacement.

Market Challenge

The push for global energy transition and decarbonization mandates presents a major obstacle to the oil and gas valves market by clouding the outlook for long-term investments. With governments and environmental agencies imposing tighter emission limits, energy firms are increasingly compelled to redirect funds away from conventional hydrocarbon initiatives. This regulatory pressure frequently results in operators postponing or scrapping Final Investment Decisions (FID) for major upstream and midstream infrastructure projects, thereby disrupting procurement schedules and lowering order volumes for the valves needed in extraction and transport operations.

This reluctance to invest in carbon-heavy assets causes a tangible shift in financial resources toward renewable energy projects, effectively reducing the budget available for modernizing aging oil and gas sites or launching new exploration. Data from the International Energy Agency in 2024 reveals that global spending on clean energy technologies was double that of fossil fuels, illustrating a sharp contraction in capital expenditure for traditional energy sectors. This disparity directly constrains growth prospects for valve manufacturers that depend heavily on continued infrastructure spending within the oil and gas industry.

Market Trends

Product development is currently being revolutionized by the adoption of low-fugitive emission designs aimed at achieving net-zero compliance, with manufacturers creating valves featuring advanced sealing to prevent methane leaks. As regulators scrutinize fugitive emissions more closely, operators are forced to swap out older equipment for bellows-sealed valves and modern packing systems that surpass standard tightness requirements. This shift necessitates strict testing to satisfy environmental goals and accelerates the retirement of components unable to contain volatile organic compounds, a move underscored by the U.S. Environmental Protection Agency's December 2023 'Final Rule', which aims to prevent 58 million tons of methane emissions through 2038 via stricter standards.

Concurrently, the adoption of IIoT-enabled smart valve technologies is shifting maintenance approaches from reactive to predictive by enabling real-time asset health monitoring via digital twins. By utilizing embedded sensors to detect temperature and vibration anomalies, these systems can predict failures before they result in expensive downtime, thereby optimizing operational costs. This digital transformation is increasingly favored by energy companies prioritizing reliability over mere capacity growth; for example, Flowserve Corporation's 2023 Annual Report noted that nearly one-third of its bookings were driven by its Diversification, Decarbonization, and Digitization strategy, highlighting the growing reliance on remote monitoring and IoT solutions.

Key Market Players

• Baker Hughes
• CIRCOR International, Inc.
• Dwyer Instruments, Inc.
• Emerson Electric Co.
• Flowserve Corporation
• Metso Corporation
• National Oilwell Varco
• Parker-Hannifin Corporation
• Schlumberger Limited
• Weir Group PLC

Report Scope

In this report, the Global Oil and Gas Valves Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Oil and Gas Valves Market, By Product Type

• Check Valve
• Gate Valve
• Ball Valve
• Butterfly Valve
• Globe Valve
• Pressure Relief Valve
• Others

Oil and Gas Valves Market, By Body Material

• Cast
• Forged

Oil and Gas Valves Market, By Size

• Below 10 Inch
• 10 to 20 Inch
• Above 20 Inch

Oil and Gas Valves Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Oil and Gas Valves Market.

Available Customizations:

Global Oil and Gas Valves Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Oil and Gas Valves Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Product Type (Check Valve, Gate Valve, Ball Valve, Butterfly Valve, Globe Valve, Pressure Relief Valve, Others)
  • 5.2.2. By Body Material (Cast, Forged)
  • 5.2.3. By Size (Below 10 Inch, 10 to 20 Inch, Above 20 Inch)
  • 5.2.4. By Region
  • 5.2.5. By Company (2025)
• 5.3. Market Map

6. North America Oil and Gas Valves Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Product Type
  • 6.2.2. By Body Material
  • 6.2.3. By Size
  • 6.2.4. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Oil and Gas Valves Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Product Type
      • 6.3.1.2.2. By Body Material
      • 6.3.1.2.3. By Size
  • 6.3.2. Canada Oil and Gas Valves Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Product Type
      • 6.3.2.2.2. By Body Material
      • 6.3.2.2.3. By Size
  • 6.3.3. Mexico Oil and Gas Valves Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Product Type
      • 6.3.3.2.2. By Body Material
      • 6.3.3.2.3. By Size

7. Europe Oil and Gas Valves Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Product Type
  • 7.2.2. By Body Material
  • 7.2.3. By Size
  • 7.2.4. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Oil and Gas Valves Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Product Type
      • 7.3.1.2.2. By Body Material
      • 7.3.1.2.3. By Size
  • 7.3.2. France Oil and Gas Valves Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Product Type
      • 7.3.2.2.2. By Body Material
      • 7.3.2.2.3. By Size
  • 7.3.3. United Kingdom Oil and Gas Valves Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Product Type
      • 7.3.3.2.2. By Body Material
      • 7.3.3.2.3. By Size
  • 7.3.4. Italy Oil and Gas Valves Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Product Type
      • 7.3.4.2.2. By Body Material
      • 7.3.4.2.3. By Size
  • 7.3.5. Spain Oil and Gas Valves Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Product Type
      • 7.3.5.2.2. By Body Material
      • 7.3.5.2.3. By Size

8. Asia Pacific Oil and Gas Valves Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Product Type
  • 8.2.2. By Body Material
  • 8.2.3. By Size
  • 8.2.4. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Oil and Gas Valves Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Product Type
      • 8.3.1.2.2. By Body Material
      • 8.3.1.2.3. By Size
  • 8.3.2. India Oil and Gas Valves Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Product Type
      • 8.3.2.2.2. By Body Material
      • 8.3.2.2.3. By Size
  • 8.3.3. Japan Oil and Gas Valves Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Product Type
      • 8.3.3.2.2. By Body Material
      • 8.3.3.2.3. By Size
  • 8.3.4. South Korea Oil and Gas Valves Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Product Type
      • 8.3.4.2.2. By Body Material
      • 8.3.4.2.3. By Size
  • 8.3.5. Australia Oil and Gas Valves Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Product Type
      • 8.3.5.2.2. By Body Material
      • 8.3.5.2.3. By Size

9. Middle East & Africa Oil and Gas Valves Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Product Type
  • 9.2.2. By Body Material
  • 9.2.3. By Size
  • 9.2.4. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Oil and Gas Valves Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Product Type
      • 9.3.1.2.2. By Body Material
      • 9.3.1.2.3. By Size
  • 9.3.2. UAE Oil and Gas Valves Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Product Type
      • 9.3.2.2.2. By Body Material
      • 9.3.2.2.3. By Size
  • 9.3.3. South Africa Oil and Gas Valves Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Product Type
      • 9.3.3.2.2. By Body Material
      • 9.3.3.2.3. By Size

10. South America Oil and Gas Valves Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Product Type
  • 10.2.2. By Body Material
  • 10.2.3. By Size
  • 10.2.4. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Oil and Gas Valves Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Product Type
      • 10.3.1.2.2. By Body Material
      • 10.3.1.2.3. By Size
  • 10.3.2. Colombia Oil and Gas Valves Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Product Type
      • 10.3.2.2.2. By Body Material
      • 10.3.2.2.3. By Size
  • 10.3.3. Argentina Oil and Gas Valves Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Product Type
      • 10.3.3.2.2. By Body Material
      • 10.3.3.2.3. By Size

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Oil and Gas Valves Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Baker Hughes
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. CIRCOR International, Inc.
• 15.3. Dwyer Instruments, Inc.
• 15.4. Emerson Electric Co.
• 15.5. Flowserve Corporation
• 15.6. Metso Corporation
• 15.7. National Oilwell Varco
• 15.8. Parker-Hannifin Corporation
• 15.9. Schlumberger Limited
• 15.10. Weir Group PLC

16. Strategic Recommendations

17. About Us & Disclaimer