The global Control Valves market was valued at USD 5,879.5 million in 2019 and is expected to reach USD 12,592.5 million by 2030, growing at a CAGR of 10.56% from 2020 to 2030.
Control valves are valves used to control conditions such as flow, temperature, pressure, and liquid level by fully or partially opening or closing in response to signals received from controllers that compare a “set point” to a “process variable” whose value is provided by sensors that monitor changes in such conditions. Control valves play an important role in increasing the efficiency, safety, and profitability of these process industries.
A gradual increase in the adoption of industrial automation, the growing number of industrial infrastructure projects in emerging economies, and ever-increasing investment across all end-user industries mainly the oil & gas industry are factors driving the growth of the overall target market. In addition, pharmaceutical industries are expected to have a high demand for control valves.
Furthermore, strict regulations regarding environmental pollution is being enforced in the designing of control valves. These regulations are projected to become tougher in the near future. This, in turn, will impact the sales and design of the control valves. The sales of these environmentally sustainable control valves will boost significantly in the future across various industries. However, inefficient logistics and supply systems across the globe might hamper the growth of the global market to a certain extent. On the flip side, a growing population integrated with high energy demand is one of the major factors influencing the growth of the control valve market.
Pneumatic Control Valve is expected to witness the highest growth over the forecast period
Based on type, business is categorized into a pneumatic control valve, hydraulic control valve, and electrical control valve. Among all, the global pneumatic control valve market is expected to witness the highest growth over the forecast period. Growth in demand for pneumatic control valves from the oil and gas industry is the major factor impacting a positive impression on the development of the pneumatic control valve.
Oil & Gas Industry estimated the highest share of the control valve market in 2019
In terms of end-user, the worldwide industry is categorized into electrical power, oil & gas, automotive, pharmaceutical, mining, chemical, food & beverages, and others.
The oil & gas industry estimated the highest share of the control valve market in 2019. Factors such as rising energy demand and increasing drilling activities across the globe are fueling the growth of this segment.
North America Control Valves accounts for the highest revenue share
Regionally, the overall industry is divided into North America, Middle East & Africa, Asia Pacific, Latin America, and Europe. North America control valve market accounts for the highest revenue share of US$ 1.9 billion in 2017 and is estimated to reach US$ 5.0 billion by 2027.
This is mainly attributed due to the high demand for valve replacement from a large number of active projects in the region. Currently, U.S and Canada have around 1,900 projects requiring valve replacement and simultaneous up-gradation in existing facilities.
This is mainly attributed due to the presence of developing counties such as India and China. Rising demand for automated valve operations in several end-user industries such as food & beverage, pharmaceutical, energy & power, and water & wastewater are also promoting the growth of the market in this region. In addition, key players are heavily investing in valve and actuator manufacturing along with technological advancements in this region.
The rapidly growing end-use industries such as energy & power, oil & gas, and water & wastewater industries coupled with the rising demand for control valves is the major factor expected to boost the growth of the global control valves market during the forecast period.
For instance, in 2017, according the Organization for Economic Co-operation and Development (OECD), about 99.97% of the population in Chile has access to wastewater treatment plants. Furthermore, in 2019, as per the World Nuclear Industry Status Report, approximately 415 nuclear reactors were operating across the globe, which included control valves.
This is expected to be major threat for the global market growth in the coming years. For instance, the American Petroleum Institute (API) Standard 598 or API STD 598 includes valve inspection and testing.
This standard covers inspection, additional examination & pressure test requirements for metal-to-metal seated and resilient-seated gate, plug, globe, ball, check & butterfly valves.
In February 2020, a CIRCOR International brand RTK®, and an international leader in the design and manufacture of control valves and actuators, introduces the REflex Quick Change Seat Control Valve with REact 30 DC-PoP smart actuator, all of them are a flexible all-in-one solution for noise reduction and high-pressure drop applications. The respective REflex QCS Control Valve assembles and disassembles in four quick steps without the need for special tools, and accelerating maintenance by up to eighty-five percent for efficiency and cost-savings
North America
Latin America
Europe Asia Pacific
Middle East & Africa
Opportunities in Control Valves Market?
What will be the growth rate from 2019 to 2030?
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the competitive Landscape in the Industry?
What is the role of key players in the value chain?
What are the strategies adopted by key players?
Global Control Valves Market TOC
1 Introduction 1.1 Objective of the Study 1.2 Market definition 1.3 Market Scope
2 Research Methodology
2.1 Data Mining 2.2 Validation 2.3 Primary Interviews 2.4 List of Data Sources
3 Executive Summary 4 Global Control Valves Market Outlook 4.1 Overview 4.2 Market Dynamics 4.2.1 Drivers 4.2.2 Restraints 4.2.3 Opportunities 4.3 Porters Five Force Model 4.4 Value Chain Analysis
5 Global Control Valves Market, By Type 5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Control Valves Market Share Analysis, By Type
5.3 Global Control Valves Market Size and Forecast, By Type 5.3.1 Pneumatic Control Valves
5.3.2 Hydraulic Control Valve
5.3.3 Electrical Control Valve
6 Global Control Valves Market, By Application 6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Control Valves Market Share Analysis, By Application
6.3 Global Control Valves Market Size and Forecast, By Application 6.3.1 Electrical Power 6.3.2 Oil & Gas
6.3.3 Automotive
6.3.4Pharmaceutical
6.3.5 Mining
6.3.6 Chemical
6.3.7 Food & Beverages
6.3.8 Others
7Global Control Valves Market, By Region 7.1 Global Control Valves Market Share Analysis, By Region
7.2 Global Control Valves Market Share Analysis, By Region
7.3 Global Control Valves Market Size and Forecast, By Region
8North America Control Valves Market Analysis and Forecast (2020 – 2030) 8.1 Introduction
8.2 North America Control Valves Market Share Analysis, By Type
8.3 North America Control Valves Market Size and Forecast, By Application
8.4 North America Control Valves Market Size and Forecast, By Country
8.4.1 U.S 8.4.2 Canada 8.4.3 Mexico
9Europe Control Valves Market Analysis and Forecast (2020 – 2030) 9.1 Introduction
9.2 Europe Control Valves Market Share Analysis, By Type
9.3 Europe Control Valves Market Size and Forecast, By Application
9.4 Europe Control Valves Market Size and Forecast, By Country
9.4.1 Germany 9.4.2 France 9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Control Valves Market Analysis and Forecast (2020 – 2030) 10.1 Introduction
10.2 Asia Pacific Control Valves Market Share Analysis, By Type
10.3 Asia Pacific Control Valves Market Size and Forecast, By Application
10.4 Asia Pacific Control Valves Market Size and Forecast, By Country
10.4.1 China 10.4.2 Japan 10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Control Valves Market Analysis and Forecast (2020 – 2030) 11.1 Introduction
11.2 Latin America Control Valves Market Share Analysis, By Type
11.3 Latin America Control Valves Market Size and Forecast, By Application
11.4 Latin America Control Valves Market Size and Forecast, By Country
12Middle East Control Valves Market Analysis and Forecast (2020 – 2030) 12.1 Introduction
12.2 Middle East Control Valves Market Share Analysis, By Type
12.3 Middle East Control Valves Market Size and Forecast, By Application
12.4 Middle East Control Valves Market Size and Forecast, By Country
13Competitive Analysis 13.1 Competition Dashboard 13.2 Market share Analysis of Top Vendors 13.3 Key Development Strategies
14Company Profiles
14.1 Emerson Electric 14.1.1 Overview 14.1.2 Offerings 14.1.3 Key Financials 14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 General Electric
14.2.1 Overview 14.2.2 Offerings 14.2.3 Key Financials 14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Samson AG 14.3.1 Overview 14.3.2 Offerings 14.3.3 Key Financials 14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 MIL Control Ltd 14.4.1 Overview 14.4.2 Offerings 14.4.3 Key Financials 14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Metso Corporation 14.5.1 Overview 14.5.2 Offerings 14.5.3 Key Financials 14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Pentair Plc 14.6.1 Overview 14.6.2 Offerings 14.6.3 Key Financials 14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Velan Inc 14.7.1 Overview 14.7.2 Offerings 14.7.3 Key Financials 14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Crane Co
14.8.1 Overview 14.8.2 Offerings 14.8.3 Key Financials 14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Flowserve Corporation
14.9.1 Overview 14.9.2 Offerings 14.9.3 Key Financials 14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 IMI Plc
14.10.1 Overview 14.10.2 Offerings 14.10.3 Key Financials 14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies