Industrial Valves Procurement Intelligence : Industrial Valves Category Is Estimated To Move Ahead At A Cagr Of 5.7% Til


The industrial valves category is anticipated to grow at a CAGR of 5.7% from 2023 to 2030.

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Industrial Valves Procurement Intelligence

The industrial valves category is anticipated to grow at a CAGR of 5.7% from 2023 to 2030.

The growth in the category is mainly driven by the rising usage of valves in power, oil gas, metalworking, and chemical industries. To keep up with the growing demand, valve producers must lower fabrication costs while keeping up with the industry’s trends and innovation. Innovations such as control valves, smart valves, automatic valves, and valves with integrated electronics are expected to drive the category demand.

Order your copy of the Industrial Valves category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Industrial Valves Procurement Intelligence Report Scope

The Industrial Valves category is expected to have pricing growth outlook of 5% - 6% from 2023 to 2030, with below pricing models.

  • Product-based pricing
  • Competition based pricing

Supplier Selection Scope of Report

  • Cost and pricing
  • range of products
  • customization offer
  • experience and expertise in valve manufacturing
  • geographical presence
  • compliance

Supplier selection criteria of Report

  • Product range offered
  • product customization offered
  • quality
  • time taken to manufacture
  • delivery option, technology used
  • safety and environmental compliance
  • location and presence of supplier
  • others

Industrial Valves Procurement Intelligence Report Coverage

Grand View Research will cover the following aspects in the report:

  • Market Intelligence along with emerging technology and regulatory landscape
  • Market estimates and forecasts from 2022 to 2030
  • Growth opportunities, trends, and driver analysis
  • Supply chain analysis, supplier analysis with supplier ranking and positioning matrix, supplier’s recent developments
  • Porter’s 5 forces
  • Pricing and cost analysis, price trends, commodity price forecasting, cost structures, pricing model analysis, supply and demand analysis
  • Engagement and operating models, KPI, and SLA elements
  • LCC/BCC analysis and negotiation strategies
  • Peer benchmarking and product analysis
  • Market report in PDF, Excel, and PPT and online dashboard versions 

Industrial Valves Procurement Cost and Supplier Intelligence

The production of industrial valves involves the manufacturing of valve bodies, stem, and seat. These parts are produced by the casting method. Some manufacturers also use the forged method, which involves cutting forging, trimming, sandblasting, machining, and surface treatment. Raw material, labor, machinery, land, utility, transportation, and others are some of the key cost components in the production of industrial valves. Raw materials such as cast iron, ductile iron, carbon steel, stainless steel, alloy steel, and others are used to manufacture valves. In 2021, the global price of cast iron was between USD 0.06 – USD 0.07/lb. In 2021, the prices of both raw materials (iron ore and steel) increased due to which valve manufacturers had to hike prices to keep up with the rising production and distribution costs.

Italy, Spain, and India are the hubs of valve manufacturing. In 2023, the prices of industrial valves in China were between USD 20 – 1000 per piece. In June 2023, the prices of valves in the U.S. amounted to USD 22,161 per ton. In 2021, China, Germany, and the U.S. were the top valves exporting countries.

Suppliers of raw materials and components may have some bargaining power, especially if they provide specialized materials or components. However, the industry often has multiple suppliers, reducing dependency on any one supplier. Additionally, backward integration is possible for some valve manufacturers, reducing supplier power.

List of Key Suppliers

  • AVK
  • BEL Valves
  • XHVAL
  • PetroValve
  • Flowserve
  • KSB
  • KITZ Corporation
  • Velan
  • Bray International
  • Pentair

Add-on Services provided by Grand View Research Pipeline: 

  • Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process 

  • Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier 

  • Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house. 

  • Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: MAs, technological innovations, expansion, litigations, bankruptcy etc. 

Browse through Grand View Research’s collection of procurement intelligence studies: 

Graphite Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape) 

Business Intelligence Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape)

HVAC Systems Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape)

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to):

  • Market Intelligence involving – market size and forecast, growth factors, and driving trends
  • Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
  • Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
  • Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

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