IMARC Group has recently released a new research study titled “South Korea Industrial Valves Market Size, Share, Trends and Forecast by Product Type, Functionality, Material, Size, End Use Industry, and Region, 2025-2033” This report offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

South Korea Industrial Valves Market Overview

The South Korea industrial valves market size reached USD 1,490.36 Million in 2024. IMARC Group expects the market to grow at a CAGR of 5.95% during the forecast period 2025-2033, reaching USD 2,507.26 Million by 2033. Growth is driven by expansion in key sectors such as oil & gas, power generation, and chemical processing, alongside increased industrial automation, stringent safety regulations, and infrastructure development projects.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

South Korea Industrial Valves Market Key Takeaways

• Current Market Size: USD 1,490.36 Million in 2024
• CAGR: 5.95% during 2025-2033
• Forecast Period: 2025-2033
• The market is primarily driven by robust growth in end-user industries including oil & gas, power generation, and chemical processing.
• Increasing automation and adoption of smart valve technologies with IoT capabilities enhance operational efficiency and safety.
• Growing investments in infrastructure development and stringent safety regulations positively influence market share.
• Key manufacturers are innovating for specialized applications like hydrogen and LNG.
• Increasing demand from sectors such as water and wastewater treatment contributes to sustained market growth.

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Market Growth Factors

The South Korea industrial valves market growth is significantly fueled by the expansion of core end-user sectors such as oil and gas, power generation (both conventional and renewable), chemicals, and water & wastewater treatment. These sectors undergo continuous development and modernization, creating strong demand for valves that provide precise flow control, pressure regulation, and safety mechanisms essential for their complex industrial processes. Investments in new projects, capacity expansions, and maintenance activities directly translate into sustained demand for industrial valves.

A crucial trend driving the market is the increasing adoption of automation and smart valve technologies. Industrial sectors are integrating advanced valve solutions endowed with IoT capabilities, allowing real-time monitoring, remote control, and predictive maintenance. This digitalization enhances operational efficiency, optimizes performance, reduces downtime, and improves safety, which is attractive to companies aiming to boost productivity and cost-effectiveness.

Moreover, market growth is supported by stringent safety regulations and ongoing infrastructure development projects across South Korea. These regulatory measures enforce the use of high-quality valves for reliable and safe operation in critical sectors. Infrastructure projects, alongside technological and industrial advancements, collectively push the industrial valves market forward, sustaining long-term demand and innovation within the country.

Market Segmentation

• Product Type Insights:
• Gate Valve: Key valve type used for on/off control and isolation.
• Globe Valve: Valve designed for regulating flow in pipelines.
• Butterfly Valve: Commonly used for quick shut-off applications.
• Ball Valve: Provides tight sealing for flow control.
• Check Valve: Prevents backflow in piping systems.
• Plug Valve: Utilized for on/off flow control with simple mechanism.
• Others: Other valve types not specifically listed.
• Functionality Insights:
• On-Off/Isolation Valves: Designed to start or stop flow.
• Control Valves: Used for regulating flow rate and pressure precisely.
• Material Insights:
• Steel: Robust material widely used for industrial valves.
• Cast Iron: Economical material option for valve bodies.
• Alloy Based: Valves made from specialized alloys for enhanced properties.
• Others: Other valve materials not categorized above.
• Size Insights:
• Upto 1"
• 1"-6"
• 7"-25"
• 26"-50"
• 51" and Above

These sizes represent valve diameters applicable to various industrial systems.

• End Use Industry Insights:
• Oil and Gas: Valves for exploration, production, and refining.
• Power: Conventional and renewable energy sector use.
• Pharmaceutical: Valves used in controlled manufacturing processes.
• Water and Wastewater Treatment: For regulating flow in water processing.
• Chemical: Industrial chemical production and processing.
• Food and Beverage: Valves meeting hygienic standards for food processing.
• Others: Other industries utilizing industrial valves.

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Regional Insights

The report identifies Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others as key regional markets. While the report covers all major regions, specific dominant region data such as market share or CAGR by region is not provided in the source. Therefore, no single dominant region with quantified statistics can be confirmed.

Recent Developments & News

In April 2024, Atlas Copco completed the acquisition of Presys Co., Ltd, a South Korean manufacturer specializing in vacuum valves for the semiconductor industry. This acquisition strengthens Atlas Copco's portfolio and presence in the semiconductor valve market, supporting innovation and growth in advanced vacuum solutions. Additionally, in May 2024, PK Valve & Engineering, the largest industrial valve manufacturer in Korea, showcased advanced valve solutions for hydrogen applications at the World Hydrogen Summit 2024. This event included more than 400 global players in the hydrogen industry, underlining PK Valve's leadership in industrial valve technology for critical sectors like nuclear, marine, oil & gas, and LNG.

Key Players

• PK Valve & Engineering
• Valmet (Flow Control business including Neles and Jamesbury brands)
• Atlas Copco
• Presys Co., Ltd

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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