Market Research Future Insights
Control valves are used to regulate the flow, pressure, temperature, and/or level of fluids in industrial processes. They are essential components in a wide range of industries, including oil and gas, chemicals, petrochemicals, power generation, food and beverage, and pharmaceuticals.
The global control valve market is expected to grow to $ 5,987.50 billion by 2030, at a CAGR of 6.7%.
A control valve means to a valve used to regulate fluid flow, pressure, and temperature by varying the size of the flow passage in process industries like water management, power generation, oil & gas, food & beverages, and automotive among others. In various industries generally, two types of control valves are applied linear and rotary which provide high efficiency, and safety.
Boosting automation in various process industries coupled with the growing investment in the oil & gas industry is likely to boost the demand for the market. The rearing industrialization in developing economies and the augmenting research and development activities expect a boost to the market in the coming years. Additionally, the high-power requirement owing to the surging population is predicted to fuel the market over the forecast period.
Growing power generation plants across the globe and increasing the requirement for energy and power from developing economies are pushing the demand for control valves. These valves are also applied in nuclear power plants, particularly in chemical treatment, feed water, cooling water, and steam turbine control systems.
The Global Control Valve Market report provides an integrated evaluation of the market. The report tenders to a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a significant role in the market.
Key Players
- Neles Corporation
- Burkert Fluid Control Systems
- Schlumberger Limited
- Samson
- Velan Inc
- First Reserve
- General Electric
- Curtiss-Wright Corporation
- Eaton
- Crane Co.
- Alfa Laval
- IMI Plc
- Flowserve Corporation
- Emerson Electric Co
Regional Analysis
The Global Control Valve Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Asia Pacific pacified the global market in 2021 owing to the presence of arising economies such as China and India. This is due to the growing demand for automated valve operations in industries like water & wastewater, food & beverage, energy & power, and pharmaceutical.
The largest share of the market will be ruled by North America due to the growing R&D activities and the increasing demand for safety applications in this region. The North American energy landscape will present substantial opportunities for solid growth in the market. The augmenting focus on renewable energy will present highly attractive opportunities for sales in the region.
The Middle East & Africa region is anticipated to witness a second-highest CAGR of 6.75% over the forecast period.
Market Segmentation
The Global Control Valve Market size is segmented into the following types;
By Component Type
- Valve body
- Actuators
- Others
By Valve Size
- Less than 1”
- Between 1” to 6”
- Between 6” to 25”
- Between 25” to 50”
- More than 50”
By Product Type
- Linear
- Gate
- Diaphragm
- Others
- Rotary
- Ball
- Butterfly
- Plug
By End-use
- Oil & Gas
- Chemical
- Energy & Power
- Water & Wastewater
- Food & Beverage
- Pharmaceutical
- Others (manufacturing, electronics, marine, pulp & paper, and textiles)
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