The global ESD valve market is estimated to be valued at USD 315.9 million in 2024 and USD 581.9 million by 2034. Global ESD valve sales are anticipated to surge at a CAGR of 6.3% throughout the assessment period.
Innovations aimed at enhancing valve performance, reliability, and smart functionality are set to offer new growth opportunities. Subsequently, the global push towards cleaner energy sources and more stringent environmental regulations will likely propel ESD valve sales.
Ball valves are expected to remain a highly sought-after product in the market. This is due to their advantages, like versatility and cost-effectiveness. The target segment is anticipated to grow at 4.8% CAGR through 2034.
Amid rising industrial accidents, there is a growing focus on safety in industries like chemical, oil & gas, and power generation. This is expected to drive demand for ESD valves, and the trend will likely continue during the assessment period.
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North America is expected to retain its dominance in the global ESD valve industry during the forecast period. This can be attributed to the rising adoption of safety systems like ESD valves in the industrial sector.
Key Players
The global ESD valve market is moderately consolidated, with leading players accounting for about 30% to 35% of the share. Emerson Electric Co., Schlumberger Limited, Rotork plc, Flowserve Corporation, Cameron International Corporation, IMI plc, General Electric Company, Pentair plc, Honeywell International Inc., ABB Ltd, Metso Corporation (Part of Neles), Weir Group PLC, Velan Inc., SAMSON AG, and Neway Valve are top ESD valve manufacturers and suppliers listed in the report.
Key players are concentrating on expanding their product offerings by launching advanced ESD valves to help industries meet safety and compliance requirements. They also employ strategies like partnerships, collaborations, acquisitions, and distribution agreements to stay ahead of the competition.
Recent Development:
- In May 2022, Emerson launched the new DX PST emergency shutdown discrete valve controller.
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Market Segmentation
By Type:
- Ball Valves
- Gate Valves
- Butterfly Valves
- Globe Valves
By Actuation Method:
- Pneumatic
- Hydraulic
- Electric
By Application:
- Oil & Gas
- Chemical Processing
- Power Generation
- Water & Wastewater
By End User:
- Upstream
- Midstream
- Downstream
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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