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Jun 12, 2025

Northern America's Valves Market to See Steady Growth with CAGR of +1.2% from 2024-2035 - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: Northern America - Pressure-Reducing, Control, Check and

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

IndexBox has just published a new report: Northern America - Pressure-Reducing, Control, Check and Safety Valves - Market Analysis, Forecast, Size, Trends And Insights.

The market for these valves in Northern America is expected to continue growing, with a forecasted CAGR of +1.2% in volume and +1.5% in value from 2024 to 2035. By the end of 2035, the market volume is projected to reach 67 million units, with a market value of $1.5 billion in nominal prices.

Driven by increasing demand for pressure-reducing, control, check and safety valves in Northern America, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.2% for the period from 2024 to 2035, which is projected to bring the market volume to 67M units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +1.5% for the period from 2024 to 2035, which is projected to bring the market value to $1.5B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of pressure-reducing, control, check and safety valves decreased by -21% to 59M units for the first time since 2020, thus ending a three-year rising trend. The total consumption indicated measured growth from 2013 to 2024: its volume increased at an average annual rate of +2.5% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, consumption reached the maximum volume at 74M units in 2023, and then fell rapidly in the following year.

The value of the pressure-reducing iron valve market in Northern America contracted to $1.3B in 2024, which is down by -14.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total consumption indicated a modest expansion from 2013 to 2024: its value increased at an average annual rate of +1.8% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $1.5B in 2023, and then reduced in the following year.

The United States (52M units) remains the largest pressure-reducing iron valve consuming country in Northern America, accounting for 88% of total volume. Moreover, pressure-reducing iron valve consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada (7.2M units), sevenfold.

From 2013 to 2024, the average annual rate of growth in terms of volume in the United States stood at +2.4%.

In value terms, the United States ($892M) led the market, alone. The second position in the ranking was held by Canada ($405M).

In the United States, the pressure-reducing iron valve market remained relatively stable over the period from 2013-2024.

The countries with the highest levels of pressure-reducing iron valve per capita consumption in 2024 were Canada (182 units per 1000 persons) and the United States (152 units per 1000 persons).

From 2013 to 2024, the biggest increases were recorded for Canada (with a CAGR of +2.9%).

In 2024, after three years of growth, there was significant decline in production of pressure-reducing, control, check and safety valves, when its volume decreased by -8.4% to 5.5M units. In general, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 36%. As a result, production reached the peak volume of 45M units. From 2020 to 2024, production growth failed to regain momentum.

In value terms, pressure-reducing iron valve production shrank to $320M in 2024 estimated in export price. Overall, production faced a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the production volume increased by 33% against the previous year. As a result, production attained the peak level of $1.4B. From 2020 to 2024, production growth remained at a somewhat lower figure.

The country with the largest volume of pressure-reducing iron valve production was Canada (5.5M units), accounting for 100% of total volume.

From 2013 to 2024, the average annual rate of growth in terms of volume in Canada stood at +8.5%.

In 2024, overseas purchases of pressure-reducing, control, check and safety valves decreased by -21.7% to 56M units for the first time since 2019, thus ending a four-year rising trend. In general, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 when imports increased by 197% against the previous year. The volume of import peaked at 71M units in 2023, and then contracted dramatically in the following year.

In value terms, pressure-reducing iron valve imports shrank slightly to $706M in 2024. Total imports indicated tangible growth from 2013 to 2024: its value increased at an average annual rate of +3.4% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +45.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Over the period under review, imports reached the maximum at $711M in 2023, and then reduced slightly in the following year.

The United States prevails in imports structure, finishing at 53M units, which was approx. 95% of total imports in 2024. It was distantly followed by Canada (2.6M units), constituting a 4.7% share of total imports.

The United States was also the fastest-growing in terms of the pressure-reducing, control, check and safety valves imports, with a CAGR of +12.6% from 2013 to 2024. Canada (-1.3%) illustrated a downward trend over the same period. From 2013 to 2024, the share of the United States increased by +13 percentage points.

In value terms, the United States ($546M) constitutes the largest market for imported pressure-reducing, control, check and safety valves in Northern America, comprising 77% of total imports. The second position in the ranking was held by Canada ($160M), with a 23% share of total imports.

From 2013 to 2024, the average annual growth rate of value in the United States stood at +4.0%.

The import price in Northern America stood at $13 per unit in 2024, increasing by 27% against the previous year. In general, the import price, however, saw a deep contraction. The pace of growth was the most pronounced in 2019 an increase of 89%. As a result, import price reached the peak level of $44 per unit. From 2020 to 2024, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Canada ($61 per unit), while the United States stood at $10 per unit.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Canada (+3.0%).

In 2024, shipments abroad of pressure-reducing, control, check and safety valves decreased by -12.8% to 2.5M units for the first time since 2020, thus ending a three-year rising trend. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2023 when exports increased by 20%. Over the period under review, the exports hit record highs at 11M units in 2014; however, from 2015 to 2024, the exports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve exports reduced to $537M in 2024. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2023 when exports increased by 19% against the previous year. As a result, the exports attained the peak of $545M, and then shrank slightly in the following year.

In 2024, the United States (1.6M units) was the main exporter of pressure-reducing, control, check and safety valves, making up 62% of total exports. It was distantly followed by Canada (956K units), achieving a 38% share of total exports.

From 2013 to 2024, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of +4.2%).

In value terms, the United States ($479M) remains the largest pressure-reducing iron valve supplier in Northern America, comprising 89% of total exports. The second position in the ranking was held by Canada ($59M), with an 11% share of total exports.

In the United States, pressure-reducing iron valve exports remained relatively stable over the period from 2013-2024.

The export price in Northern America stood at $213 per unit in 2024, surging by 13% against the previous year. In general, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 250% against the previous year. Over the period under review, the export prices attained the maximum in 2024 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was the United States ($305 per unit), while Canada amounted to $61 per unit.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United States (+17.7%).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the pressure-reducing iron valve market in Northern America. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles