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”, 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 and is projected to reach USD 2,507.26 Million by 2033. The market is expected to grow at a CAGR of 5.95% during the forecast period of 2025-2033. This growth is driven by expansion in end-user sectors like oil & gas, power generation, and chemical processing, alongside increased industrial automation and strict safety regulations.

Study Assumption Years

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Years: 2025-2033

South Korea Industrial Valves Market Key Takeaways

• The market size reached USD 1,490.36 Million in 2024.
• The market is projected to grow at a CAGR of 5.95% between 2025 and 2033.
• The forecast period for the market is from 2025 to 2033.
• Key end-user industries driving growth include oil & gas, power generation (conventional and renewable), chemicals, and water & wastewater treatment.
• Increasing integration of automation and smart valve technologies enhances operational efficiency and safety.
• Key industry players are innovating valve solutions for critical applications, including hydrogen technologies and smart valves with IoT capabilities.
• Market segmentation covers product types, functionalities, materials, sizes, end-use industries, and regions.

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Market Growth Factors

The South Korea industrial valves market is significantly propelled by the sustained growth of its core end-user sectors such as oil & gas, power generation — including both conventional and renewable sources — chemicals, and water & wastewater treatment. These sectors require extensive use of valves for flow control, pressure regulation, and safety in complex processes. Ongoing investment in new projects, capacity expansions, and maintenance activities within these industries contribute directly to increasing demand for varied industrial valves, fueling market expansion.

Another critical driver is the growing emphasis on automation and advanced smart valve technologies. Industries in South Korea are integrating valves equipped with IoT capabilities that enable real-time monitoring, remote control, and predictive maintenance. This digitalization trend improves operational efficiency, minimizes downtime, and enhances safety standards in industrial processes. Smart valves provide key data for optimizing performance and preempting failures, which is highly valuable for businesses aiming for improved productivity and reduced costs.

Development initiatives and technological innovations by industry leaders further bolster the market. For example, in May 2024, PK Valve & Engineering showcased advanced valve solutions designed for hydrogen applications, emphasizing quality and reliability across sectors such as nuclear, marine, oil & gas, and LNG. Similarly, Valmet’s Flow Control business is spearheading flow control industry transformation by focusing on smart valve technologies and enhancing local customer support to optimize safety and efficiency. These efforts collectively stimulate further market growth.

Market Segmentation

Product Type Insights:

• Gate Valve
• Globe Valve
• Butterfly Valve
• Ball Valve
• Check Valve
• Plug Valve
• Others

Functionality Insights:

• On-Off/Isolation Valves
• Control Valves

Material Insights:

• Steel
• Cast Iron
• Alloy Based
• Others

Size Insights:

• Up to 1”
• 1”–6”
• 7”–25”
• 26”–50”
• 51” and Above

End Use Industry Insights:

• Oil and Gas
• Power
• Pharmaceutical
• Water and Wastewater Treatment
• Chemical
• Food and Beverage
• Others

Regional Insights:

• Seoul Capital Area
• Yeongnam (Southeastern Region)
• Honam (Southwestern Region)
• Hoseo (Central Region)
• Others

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Regional Insights

The Seoul Capital Area is highlighted as a significant region within the South Korea industrial valves market. Specific statistics regarding market share or growth rates by region are not provided in the source. The focus on Seoul underscores its importance as a central hub for industrial activities and valve applications, influenced by dense industrial operations and infrastructure development.

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 in the semiconductor valve market, enabling further innovation and growth in advanced vacuum solutions.

Key Players

• PK Valve & Engineering
• Valmet
• Atlas Copco
• Presys Co., Ltd

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