Report Overview

Increasing industrialization, growing investments in infrastructure projects, expanding oil and gas exploration activities, rising demand for water and wastewater treatment facilities, and the adoption of advanced technologies for improved operational efficiency and safety are propelling the growth of the Australia Industrial Valves Market during the forecast period between 2023 and 2029.

Australia Industrial Valves Market – Trends & Forecast Report, 2029

Australia industrial valves market size is projected to grow at a CAGR of 6.25% during the forecast period between 2023 and 2029. Australia industrial valves market is witnessing several noteworthy trends. There is a growing emphasis on sustainability and energy efficiency, driving the demand for eco-friendly valve solutions. Also, automation and digitization are gaining prominence, leading to the adoption of smart valves and advanced control systems. The mining and oil and gas sectors continue to be major end-users, driving the market growth. There is an increasing focus on safety regulations and standards, resulting in the demand for valves with improved safety features. Further, collaborations and partnerships between manufacturers and technology providers are on the rise, fostering innovation and expanding product offerings in the Australia industrial valves market.

Australia Industrial Valves Market - Overview

Industrial valves are crucial components in various industries, facilitating the control and regulation of fluids and gases in pipelines and systems. These mechanical devices are designed to start, stop, regulate, or redirect the flow of fluids through pipes or channels. Industrial valves come in different types, including gate valves, globe valves, ball valves, butterfly valves, and check valves, each suitable for specific applications. They play a vital role in industries such as oil and gas, water and wastewater, power generation, chemical processing, and manufacturing. With their ability to manage fluid flow, industrial valves ensure efficient operations, enhance safety and optimize production processes.

Growth Drivers

Booming Infrastructure Development Projects

In Australia, the industrial valves market is witnessing a significant growth driver in the form of booming infrastructure development. With a surge in construction projects across the country, including commercial buildings, residential complexes, and industrial facilities, there is a growing demand for efficient and reliable flow control systems. Industrial valves play a crucial role in regulating the flow of liquids, gases, and other substances, ensuring smooth operations and preventing any potential disruptions. Thus, valve manufacturers and suppliers are experiencing a surge in demand, leading to increased market growth. The robust infrastructure development in Australia is creating lucrative opportunities for the industrial valve sector, driving its expansion and profitability.

Restraints

Growing Skills Gap

Australia's industrial valves market faces a significant challenge in the form of a growing skills gap. Despite the market's potential for growth and expansion, the shortage of skilled professionals with expertise in valve manufacturing, installation, and maintenance is impeding progress. The lack of a trained workforce, including technicians, engineers, and maintenance personnel, limits the industry's ability to meet the increasing demand for industrial valves across various sectors, such as oil and gas, water and wastewater, and manufacturing. This restraint hampers the market's capacity to fully capitalize on opportunities, develop innovative solutions, and provide timely support, potentially hindering Australia's industrial growth and competitiveness in the global market.

COVID-19 Impact on Australia Industrial Valves Market

The COVID-19 pandemic significantly impacted Australia industrial valves market. The implementation of lockdowns and travel restrictions disrupted the supply chain, causing delays in the production and delivery of industrial valves. Many manufacturing facilities had to temporarily shut down or operate at reduced capacity, leading to decreased demand for valves in industries such as oil and gas, water and wastewater, and power generation. Also, the decline in construction activities and investments further dampened the market. However, with the gradual easing of restrictions and economic recovery efforts, the market is expected to rebound, driven by infrastructure projects and increased industrial activities in the post-pandemic era.

Australia Industrial Valves Market

Segmental Coverage

Australia Industrial Valves Market – By Valve Type

On the basis of valve type, Australia industrial valves market is divided into Globe Valves, Ball Valves, Butterfly Valves, Wedge Gate Valves, Knife Gate Valves, and Check Valves segments. Globe valves are widely used in industries due to their ability to regulate and control the flow of fluids in pipelines. These valves provide a high level of precision and offer excellent shut-off capabilities. They are commonly utilized in applications where accurate flow control is required, such as in power generation, oil and gas, and chemical industries. The popularity of Globe Valves is attributed to their versatility, durability, and efficient performance, making them the dominant segment in the Australia industrial valves market.

Australia Industrial Valves Market – By Material Type

Based on material type, Australia industrial valves market is divided into Cast Iron, Steel, Cryogenic, and Alloy-based segments. The Australia industrial valves market is comprised of various segments, with the largest segment being the Steel valves segment. Steel valves are widely used in industrial applications due to their durability, strength, and resistance to corrosion. They are suitable for handling a wide range of fluids and gases, making them versatile and reliable for different industries. While other segments like Cast Iron, Cryogenic, and Alloy Based valves also play significant roles, the Steel valves segment dominates the market in terms of market share and demand. This highlights the preference and trust placed by industries in the performance and reliability of steel valves in Australia.

Australia Industrial Valves Market – By Application

On the basis of application, Australia industrial valves market is divided into Oil & Gas, Refinery, Chemical, Water, Wastewater Effluent, Power Generation, Agriculture, and Mining segments. The mining industry segment is the largest contributor to the growth of Australia industrial valves market. Australia is known for its abundant mineral resources, and mining plays a significant role in its economy. The mining sector requires a wide range of industrial valves for various applications, such as controlling the flow of liquids and gases, regulating pressure, and managing mining processes efficiently. These valves are used in mining operations for activities, such as ore extraction, mineral processing, and transportation. Given the country's strong mining industry and its continuous demand for valves, the mining segment stands out as the largest segment in the Australia industrial valves market.

Australia Industrial Valves Market – By Product

Based on product, Australia industrial valves market is divided into Quarter-turn Valve and Multi-turn Valve. Quarter-turn valves are designed to provide quick and efficient control over the flow of fluids, gases, or other media by using a 90-degree rotation of the valve stem. These valves are commonly used in applications where fast response and low torque operation are essential. On the other hand, Multi-turn valves require multiple rotations of the valve stem to regulate the flow, providing precise control and high accuracy. They are typically utilized in applications that demand precise flow modulation or tight shut-off. Together, these two segments encompass a significant portion of the Australia industrial valves market, catering to diverse industrial needs.

Competitive Landscape

Major players in the Australia industrial valves market include Pentair Flow Control International Pty Limited, AVK Australia Pty Ltd, Australian Valve and Engineering Pty Ltd, Australian Pipeline Valve, AT&D Valves Australia, Global Supply Line Pty Ltd, All Valve Industries Pty Ltd, Australian Valve Group, AVFI Pty Ltd, and Mack Valves Pty Ltd. To expand their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

By Valve Type

• Globe Valves

• Ball Valves

• Butterfly Valves

• Wedge Gate Valves

• Knife Gate Valves

• Check Valves

By Material Type

• Cast Iron

• Steel

• Cryogenic

• Alloy-based

By Application

• Oil & Gas

• Refinery

• Chemical

• Water

• Wastewater Effluent

• Power Generation

• Agriculture

• Mining

By Product

• Quarter-turn Valve

• Multi-turn Valve