Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Globe Valves Market by Type (Forged Steel, Cast Steel, Others), By Application (Oil & Gas, Power Generation, Water & Wastewater, Mining, Chemical, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Globe Valves Market by Type (Forged Steel, Cast Steel, Others), By Application (Oil & Gas, Power Generation, Water & Wastewater, Mining, Chemical, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 155762 3300 Machinery & Equipment 377 243 Pages 4.9 (43)

Market Overview:

The global globe valves market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for globe valves from various end-use industries, such as oil & gas, power generation, water & wastewater, mining and chemical. In addition, the growing infrastructure development in emerging economies is also contributing to the growth of this market. Based on type, forged steel Globe Valves are expected to account for a major share of the global Globe Valves Market during 2018-2030. Cast Steel Globe Valves are also projected to witness significant growth over next few years due their properties such as corrosion resistance and high strength that make them suitable for use in critical applications across various industries. Regionally North America dominates Global Globe Valve Market with highest revenue share followed by Europe.

Global Globe Valves Industry Outlook

Product Definition:

A Globe Valve is a type of valve that is used to control the flow of fluid through a pipeline. It has a round body and a disk-shaped closure element that rests in the middle of the pipe. When open, the disk allows fluid to flow through; when closed, it blocks the flow.

Forged Steel:

Forged steel is a type of steel that is produced through the process of heating and holding at a temperature above 800 degrees Celsius. The carbon in the iron ore gets transformed into carbonite, which aids in increasing the hardness and strength of the metal. The metal remains hot enough to maintain this transformation until it is removed from the furnace.

The global forged steel market size was valued at USD 6,1050 million in 2016.

Cast Steel:

Cast steel is a type of steel alloy that is obtained by melting iron and carbon together. The product has high carbon content ranging from 0.8% to 2%. It also contains manganese, silicon, sulfur, and phosphorus in the right proportion which makes it suitable for manufacturing globe valves.

The global market for cast steel is expected to witness significant growth over the forecast period owing to its increasing demand in manufacturing globe valves along with other industrial applications such as pipes & tanks.

Application Insights:

The oil & gas segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing production of crude oil and natural gas across various regions, including North America, Asia Pacific, Middle East & Africa. Furthermore, growing demand for crude oil and natural gas from emerging economies such as India, China and Brazil is expected to drive the global globe valves market in this sector over the coming years.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing industrial activities, especially in China and India. Growing energy demand from emerging economies, such as India and China, is likely to drive oil & gas industry expansion over the coming years. In addition, robust construction sector growth across Asia Pacific countries including Indonesia, Malaysia and Vietnam is anticipated to augment water & wastewater treatment application segment growth over the next eight years.

Europe accounted for a significant share of revenue in 2017 owing to early adoption of some or other version Globe valves globally coupled with presence of major valve manufacturing companies including Valves Ltd., Schott AG etc.; Also; Europe being a maritime region has stronger penetration rate compared with other regions which further drives its demand Oil & gas industry thereby driving regional market growth.

Growth Factors:

  • Increasing demand from oil and gas industry for globe valves due to their high performance and reliability.
  • Rising investments in the water and wastewater treatment sector, which is expected to drive the demand for globe valves in the near future.
  • Growing popularity of smart grid technology, which is likely to create new opportunities for the growth of Globe Valves market in coming years.
  • Rapid expansion of infrastructure development projects across emerging economies, such as China and India, is anticipated to boost the demand for Globe Valves over the next few years.

Scope Of The Report

Report Attributes

Report Details

Report Title

Globe Valves Market Research Report

By Type

Forged Steel, Cast Steel, Others

By Application

Oil & Gas, Power Generation, Water & Wastewater, Mining, Chemical, Others

By Companies

Emerson, Flowserve, Cameron, KITZ, KSB, AVK, Crane, IMI, Bray, Watts Canada, Circor, Kirloskar, GWC Valve, Babcock Valves, Orion Valves, Beric Davis, KOJO Valve

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Globe Valves Market Report Segments:

The global Globe Valves market is segmented on the basis of:


Forged Steel, Cast Steel, Others

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Oil & Gas, Power Generation, Water & Wastewater, Mining, Chemical, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Emerson
  2. Flowserve
  3. Cameron
  4. KITZ
  5. KSB
  6. AVK
  7. Crane
  8. IMI
  9. Bray
  10. Watts Canada
  11. Circor
  12. Kirloskar
  13. GWC Valve
  14. Babcock Valves
  15. Orion Valves
  16. Beric Davis
  17. KOJO Valve

Global Globe Valves Market Overview

Highlights of The Globe Valves Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Forged Steel
    2. Cast Steel
    3. Others
  1. By Application:

    1. Oil & Gas
    2. Power Generation
    3. Water & Wastewater
    4. Mining
    5. Chemical
    6. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Globe Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
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  • Product & Brand Management
  • Channel & Customer Management
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Global Globe Valves Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

A Globe Valve is a valve that has a spherical shape. It is used to control the flow of water, gas, or oil.

Some of the major companies in the globe valves market are Emerson, Flowserve, Cameron, KITZ, KSB, AVK, Crane, IMI, Bray, Watts Canada, Circor, Kirloskar, GWC Valve, Babcock Valves, Orion Valves, Beric Davis, KOJO Valve.

The globe valves market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Globe Valves Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Globe Valves Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Globe Valves Market - Supply Chain
   4.5. Global Globe Valves Market Forecast
      4.5.1. Globe Valves Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Globe Valves Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Globe Valves Market Absolute $ Opportunity

5. Global Globe Valves Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Globe Valves Market Size and Volume Forecast by Type
      5.3.1. Forged Steel
      5.3.2. Cast Steel
      5.3.3. Others
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Globe Valves Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Globe Valves Market Size and Volume Forecast by Application
      6.3.1. Oil & Gas
      6.3.2. Power Generation
      6.3.3. Water & Wastewater
      6.3.4. Mining
      6.3.5. Chemical
      6.3.6. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Globe Valves Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Globe Valves Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Globe Valves Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Globe Valves Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Globe Valves Demand Share Forecast, 2019-2026

9. North America Globe Valves Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Globe Valves Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Globe Valves Market Size and Volume Forecast by Application
      9.4.1. Oil & Gas
      9.4.2. Power Generation
      9.4.3. Water & Wastewater
      9.4.4. Mining
      9.4.5. Chemical
      9.4.6. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Globe Valves Market Size and Volume Forecast by Type
      9.7.1. Forged Steel
      9.7.2. Cast Steel
      9.7.3. Others
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Globe Valves Demand Share Forecast, 2019-2026

10. Latin America Globe Valves Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Globe Valves Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Globe Valves Market Size and Volume Forecast by Application
      10.4.1. Oil & Gas
      10.4.2. Power Generation
      10.4.3. Water & Wastewater
      10.4.4. Mining
      10.4.5. Chemical
      10.4.6. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Globe Valves Market Size and Volume Forecast by Type
      10.7.1. Forged Steel
      10.7.2. Cast Steel
      10.7.3. Others
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Globe Valves Demand Share Forecast, 2019-2026

11. Europe Globe Valves Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Globe Valves Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Globe Valves Market Size and Volume Forecast by Application
      11.4.1. Oil & Gas
      11.4.2. Power Generation
      11.4.3. Water & Wastewater
      11.4.4. Mining
      11.4.5. Chemical
      11.4.6. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Globe Valves Market Size and Volume Forecast by Type
      11.7.1. Forged Steel
      11.7.2. Cast Steel
      11.7.3. Others
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Globe Valves Demand Share, 2019-2026

12. Asia Pacific Globe Valves Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Globe Valves Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Globe Valves Market Size and Volume Forecast by Application
      12.4.1. Oil & Gas
      12.4.2. Power Generation
      12.4.3. Water & Wastewater
      12.4.4. Mining
      12.4.5. Chemical
      12.4.6. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Globe Valves Market Size and Volume Forecast by Type
      12.7.1. Forged Steel
      12.7.2. Cast Steel
      12.7.3. Others
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Globe Valves Demand Share, 2019-2026

13. Middle East & Africa Globe Valves Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Globe Valves Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Globe Valves Market Size and Volume Forecast by Application
      13.4.1. Oil & Gas
      13.4.2. Power Generation
      13.4.3. Water & Wastewater
      13.4.4. Mining
      13.4.5. Chemical
      13.4.6. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Globe Valves Market Size and Volume Forecast by Type
      13.7.1. Forged Steel
      13.7.2. Cast Steel
      13.7.3. Others
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Globe Valves Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Globe Valves Market: Market Share Analysis
   14.2. Globe Valves Distributors and Customers
   14.3. Globe Valves Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Emerson Overview Financials Developments Strategic Outlook
      14.4.2. Flowserve Overview Financials Developments Strategic Outlook
      14.4.3. Cameron Overview Financials Developments Strategic Outlook
      14.4.4. KITZ Overview Financials Developments Strategic Outlook
      14.4.5. KSB Overview Financials Developments Strategic Outlook
      14.4.6. AVK Overview Financials Developments Strategic Outlook
      14.4.7. Crane Overview Financials Developments Strategic Outlook
      14.4.8. IMI Overview Financials Developments Strategic Outlook
      14.4.9. Bray Overview Financials Developments Strategic Outlook
      14.4.10. Watts Canada Overview Financials Developments Strategic Outlook
      14.4.11. Circor Overview Financials Developments Strategic Outlook
      14.4.12. Kirloskar Overview Financials Developments Strategic Outlook
      14.4.13. GWC Valve Overview Financials Developments Strategic Outlook
      14.4.14. Babcock Valves Overview Financials Developments Strategic Outlook
      14.4.15. Orion Valves Overview Financials Developments Strategic Outlook
      14.4.16. Beric Davis Overview Financials Developments Strategic Outlook
      14.4.17. KOJO Valve Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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