Control Valve Market Size & Analysis Report By Material, By Component, By Size, By Type, By Industry and By Region – Global Opportunities and Forecast, 2020-2027
Control Valve Market Size & Analysis Report By Material (Stainless Steel, Cast Iron, Alloy Based, Cryogenic, and Others), By Component (Actuators, Valve Body, and Others), By Size (Up to 1”, >1” to 6”, >6” to 25”, >25” to 50”, and >50”), By Type (Rotary Valves and Linear Valves), By Industry, and By Region – Global Opportunities and Forecast, 2020-2027
Published Date: Oct-2020 | Report Format: Excel/PPT | Report Code: UP714A-00-0620
Control Valve Market was valued at USD 5,400 Million in 2019 and is expected to register a CAGR of 7% during the forecast period.
A control valve is a power-operated device or valve that used to modify the fluid flow rate in a process system. The control valve provides direct control of flow rate and consequential control of process quantities, such as temperature, liquid level, and pressure. There are two types of valve including rotatory and linear valves. The valve opening and closing operation of an automatic control valve can be controlled by hydraulic, electrical, and pneumatic actuators. These valves are widely used across various industries such as oil & gas, energy & power, water and wastewater treatment, healthcare, chemicals, food & beverages, and other industries.
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The key factors which are driving the growth of the Global Control Valve Market include the increasing demand for energy in Asia-pacific region, accelerated adoption of valves among oil & gas related companies in GCC countries, rising requirement for connected networks to manage and maintain several types of equipment in plants, and growing focus on established new nuclear power plants and upscaling of existing plants. Increasing industrial automation is further bolstering the usage of smart control valves. Moreover, the growing usage of 3D printing in the manufacturing of valves, increasing adoption of IIoT and industry 4.0, rising requirement for valve replacement along with growing adoption of smartphones, are some other factors fuelling the growth of the market during the forecast period. In addition to this, the increasing focus of valve manufacturers to deliver enhanced customer service is creating new growth opportunities in the market. However, the high cost of fabrication and unplanned downtime owing to malfunctioning or failure of valves are the major factors hampering the growth of the market.
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Based on the material, the stainless steel segment is expected to grow at a higher CAGR during the forecast period owing to the increasing demand for high-quality control valves across various industries, especially in the food & beverage and chemical industry. The usage of a high-quality control valve reduces the risk of contamination in critical processes, such as water and steam handling.
Based on the component, the actuators segment is projected to grow at a higher CAGR during the forecast period. The major factor that drives the growth of this segment include the rising requirement for control valve in the heavy industries such as oil & gas, chemical, energy & power, and other sectors such as textile and pulp & paper. Moreover, increasing adoption of IoT and various automation tools to enhance efficiency and productivity is also surging the need for actuators during the forecast period.
Based on industry, the oil & gas segment is expected to grow at a higher CAGR during the forecast period owing to increasing adoption of control valve for all three-process operation, upstream, midstream, and downstream. Control valve offers process control support, from the beginning of extraction of crude oil till it reaches to the consumer through oil refineries, oil terminals, and depots. A control valve is one of the essential components in onshore and offshore oil & gas production due to high pressure and adverse corrosive conditions faced within production plants and refineries.
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Based on the region, the Asia-pacific region is anticipated to lead the global Control Valve market over the forecast period owing to the presence of densely populated countries and increasing per capita income coupled with rapidly growing industrialization and urbanization in this region. The increasing urban population in this region is leading to an increase in the demand for new and enhanced water treatment systems, which further fuels the growth of the market during the forecast period.
The major key players in the market include Christian Bürkert GmbH & Co. KG, Emerson Electric Co., Flowserve Corporation¸ IMI plc, Curtiss-Wright Corporation, Trillium Flow Technologies (Weir Flow Control), Cameron International Corporation, Spirax-Sarco Engineering plc, Crane Company, Kitz Corporation among others.
Key Developments:
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- In Apr 2017, Emerson acquired Valves & Controls business from Pentair plc. With this acquisition, Emerson will expand its global footprint automation and expand its leadership position in major served markets such as chemical, power, refining, mining, and oil and gas.
The Global Control Valve market has been segmented based on the material, component, size, type, industry, and region. Based on material, the market is segmented into Stainless Steel, Cast Iron, Alloy Based, Cryogenic, and Others. Other is further segmented into Brass, Bronze, and Plastic. Based on the component, the market is segmented into Actuators, Valve Body, and Others. Based on the size, the market is segmented into Up to 1”, >1” to 6”, >6” to 25”, >25” to 50”, and >50”. Based on the type, the market is segmented into Rotary Valves and Linear Valves. Based on rotatory, the market is further segmented into Ball Valves, Butterfly Valves, and Plug Valves. Based on linear, the market is segmented into Global Valves, Diaphragm Valves, and Other Valves. Based on the industry, the market is segmented into Oil & Gas, Water & Wastewater Treatment, Energy & Power, Pharmaceuticals and Healthcare, Food & Beverages, Chemicals¸ Building & Construction¸ Pulp & Paper, Metals & Mining¸ and Others.
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Key questions answered in this research report:
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- At what pace is the global Control Valve market growing? What will be the growth trend in the future?
- What are the key drivers and restraints in the global Control Valve market? What will be the impact of drivers and restraints in the future?
- What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Control Valve market?
- Which Material generated maximum revenues in 2019 and identify the most promising Material during the forecast period?
- What are the various Components of global Control Valve market and how they are poised to grow?
- What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
Report Coverage |
Details |
Market Base Year |
2019 |
Market Forecast Period |
2020-2027 |
Market Revenues Currency |
USD 5,400 Million |
Base Year & Forecast Units |
Revenues (USD Million) |
Market Segment | By material, By Component, By Size, By Type, By Industry, By Region |
Regional Coverage | Asia Pacific, Europe, North America, and RoW |
Companies Profiled | Bürkert GmbH & Co. KG, Emerson Electric Co., Flowserve Corporation¸ IMI plc, Curtiss-Wright Corporation, among others, a total of 10 companies covered. |
25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Global Control Valve Market by Material
-
- Stainless Steel
- Cast Iron
- Alloy Based
- Cryogenic
- Others
Global Control Valve Market by Component
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- Actuators
- Valve Body
- Others
Global Control Valve Market by Size
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- Up to 1”
- >1” to 6”
- >6” to 25”
- >25” to 50”
- >50”
Global Control Valve Market by Type
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- Rotary Valves
- Ball Valves
- Butterfly Valves
- Plug Valve
- Linear Valves
- Global Valves
- Diaphragm Valves
- Other Valves
- Rotary Valves
Global Control Valve Market by Industry
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- Oil & Gas
- Water & Wastewater Treatment
- Energy & Power
- Pharmaceuticals and Healthcare
- Food & Beverages
- Chemicals
- Building & Construction
- Pulp & Paper
- Metals & Mining
- Others
Global Control Valve Market by Region
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- North America Control Valve Market (Option 1: As a part of the free 25% customization)
- North America Market by Material
- North America Market by Component
- North America Market by Size
- North America Market by Type
- North America Market by Industry
- US Market All-Up
- Canada Market All-Up
- Europe Control Valve Market (Option 2: As a part of the free 25% customization)
- Europe Market by Material
- Europe Market by Component
- Europe Market by Size
- Europe Market by Type
- Europe Market by Industry
- UK Market All-Up
- Germany Market All-Up
- France Market All-Up
- Spain Market All-Up
- Rest of Europe Market All-Up
- Asia-Pacific Control Valve Market (Option 3: As a part of the free 25% customization)
- Asia-Pacific Market by Material
- Asia-Pacific Market by Component
- Asia-Pacific Market by Size
- Asia-Pacific Market by Type
- Asia-Pacific Market by Industry
- China Market All-Up
- India Market All-Up
- Japan Market All-Up
- Rest of APAC Market All-Up
- RoW Control Valve Market (Option 4: As a part of the free 25% customization)
- RoW Market by Material
- RoW Market by Component
- RoW Market by Size
- RoW Market by Type
- RoW Market by Industry
- Brazil Market All-Up
- South Africa Market All-Up
- Saudi Arabia Market All-Up
- UAE Market All-Up
- Rest of world (remaining countries of the LAMEA region) Market All-Up
- North America Control Valve Market (Option 1: As a part of the free 25% customization)
Major Players Operating the Control Valve (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)
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- Christian Bürkert GmbH & Co. KG
- Emerson Electric Co.
- Flowserve Corporation
- IMI plc
- Curtiss-Wright Corporation
- Trillium Flow Technologies (Weir Flow Control)
- Cameron International Corporation
- Spirax-Sarco Engineering plc
- Crane Company
- Kitz Corporation
Frequently Asked Question About This Report
Control Valve Market [UP714A-00-0620]
The stainless-steel segment is expected to grow at a higher CAGR during the forecast period owing to the increasing demand for high-quality control valves across various industries, especially in the food & beverage and chemical industry.
The market size of Control value Market in 2019 was 5,400 million.
The major key players in this market include Christian Bürkert GmbH & Co. KG, Emerson Electric Co., Flowserve Corporation¸ IMI plc, Curtiss-Wright Corporation, Trillium Flow Technologies (Weir Flow Control), Cameron International Corporation, Spirax-Sarco Engineering plc, Crane Company, Kitz Corporation among others.
The key factors which are driving the growth of the Control Valve Market include the increasing demand for energy in Asia-pacific region, accelerated adoption of valves among oil & gas related companies in GCC countries, rising requirement for connected networks to manage and maintain several.
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Report is shared with unlimited user (employees) of the purchasing corporation only
The report is used by the purchaser (One Individual) only
Multi-User License:Report is shared with maximum 5 users (employees) including the purchaser of the purchasing corporation only
Corporate License:
Report is shared with unlimited user (employees) of the purchasing corporation only
Control Valve Market Size & Analysis Report By Material, By Component, By Size, By Type, By Industry and By Region – Global Opportunities and Forecast, 2020-2027
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