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Control Valves Market

Control Valves Market Forecasts to 2028 – Global Analysis By Operation (Pneumatic, Hydraulic), Type (Linear, Rotary), Application (Pressure Control, Flow Control), and By Geography

4.3 (49 reviews)
Published: June 2022 ID: SMRC21554
4.3 (49 reviews)
Published: June 2022 ID: SMRC21554

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Control Valves Market is accounted for $6.27 billion in 2021 and is expected to reach $17.94 billion by 2028 growing at a CAGR of 16.2% during the forecast period. Control valves are used in various end-user industries to control various process variables which include temperature, flow, pressure, and fluid level. They play a significant role in safety, efficiency, and profitability across several industries.

Market Dynamics:

Driver:

Rising demand from healthcare and pharmaceuticals


There is an increase in the production of critical medical devices that are expected to cure patients. Control valves play a significant role in the manufacturing of various kinds of medical devices, and several key industry players have grabbed the opportunity to contribute to the fight against the pandemic. Organizations are investing in the research and development pertaining to automatic components that are supplied to the pharmaceutical industry. Similarly, pharmaceutical companies are looking to develop sophisticated fluid handling systems, such as automatic sanitizer dispensers and liquid soap dispensers, which, in turn, is creating the need for valves. Thus, the developing production of healthcare devices and expanding R&D investments in the pharma field boost the growth of the market.

Restraint:

Absence of standardized certifications and government policies


Valve manufacturers should adhere to certain norms and regulations. Different regions have different certifications and policies regarding valves. This factor creates diversity in demand because of the high applicability of valves in different industries. However, such diversity is obstructing the growth of the control valve market as industry players need to amend the same product as per the regional policies, which makes it hard for the valve manufacturers to accomplish an ideal cost of installation. To resolve this issue, they have to invest their resources in setting up manufacturing facilities across the world, thus requiring additional capital.

Opportunity:

Increasing adoption of industrial automation


Control valves are widely utilized in process industries such as food & beverages, oil & gas, water & wastewater, petrochemical, energy & power, and pharmaceutical to reach growing automation needs. The growing trend of digitalization and automation in conventional plants is leading to higher demand for control valves. Manufacturers are advancing their capabilities in developing control valves and constantly engaging in R&D activities to design and develop their products according to requirements from the end-use industries.

Threat:

High fluctuating temperatures


Some processes at high fluctuating temperatures can cause to rise in the load inside the pipe toward the end of the valve, attributable to which the gate valve is exposed to leakage. This is likely to hamper the sales of the gate valves for high-temperature applications in the coming years.

The rotary valves segment is expected to be the largest during the forecast period

The rotary valves segment is estimated to have a lucrative growth as these valves are less prone to clogging in dirty service usages, and through the stem packing, emissions can be controlled easily, without utilizing expensive bellows seals. In addition, lighter weight and smaller size of rotary valves contribute to the constantly increasing demand for these valves.

The oil & gas segment is expected to have the highest CAGR during the forecast period

The oil & gas segment is anticipated to witness the fastest CAGR growth during the forecast period due to the increasing energy demand and drilling activities in developing countries. The oil and gas industry is moving toward valve technology with embedded processors and networking capability to work alongside sophisticated monitoring technology coordinated through a central control station.

Region with highest share:

North America is projected to hold the largest market share during the forecast period due to increasing R&D activities in the region to the use of valves in automation and the rising demand for safety applications. R&D at industry levels is broadening the application areas of valves in different industries, such as energy & power and chemicals, particularly in the US.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period as companies are investing in valve and actuator manufacturing, along with technologies, which need to be associated to convert them into smart valves. This is because of the increasing demand for automated valve operations in industries such as water & wastewater, food & beverage, energy & power, and pharmaceutical.

Key players in the market

Some of the key players profiled in the Control Valves Market include Samson Controls, Trillium Flow Technologies, Spirax Sarco, Apollo Valves, Neway Valve, Curtiss-Wright Corporation, Kitz Corporation, IMI PLC, Ham-Let, Flowserve Corporation, Emerson, Crane Co., Alfa Laval, Cameron, Neles Corporation and Christian Burkert. 

Key Developments:

In Feb 2020, Emerson launched the ASC Series 158 Gas Valve and Series 159 Motorized Actuator. Designed specifically for burner-boiler applications, the new products give OEMs, distributors, contractors, and end-users a new combustion safety shutoff valve option that increases safety and reliability, and enhances both flow and control.

In August 2019, IMI PLC acquired PBM. The acquisition helped IMI expand the operations of its subsidiary IMI Critical into new market segments, including pharmaceuticals and food processing, and allowed PBM to capitalize on IMI’s global reach and support network.
 
Operations Covered:
• Pneumatic Control Valve
• Manual Control Valve
• Hydraulic Control Valve
• Electrical Control Valve
 
Leakages Covered:
• Valve Leakage
• Seat Leakage
 
Types Covered:
• Linear Valves
• Rotary Valves
 
Sizes Covered:
• Upto 1”
• >1”-6”
• >6”-25”
• >25”-50”
• >50”
 
Valve End Connections Covered:
• Welding End Connections
• Screwed Pipe Threads
• Bolted Gasketed Flangs
 
Materials Covered:
• Stainless Steel
• Cryogenic
• Alloy-Based
• Cast Iron
• Other Materials
 
Components Covered:
• Valve Body
• Actuators
 
Applications Covered:
• Pressure Control
• Flow Control
 
End Users Covered:
• Water & Wastewater Treatment
• Pharmaceuticals
• Chemicals
• Oil & Gas
• Metals & Mining
• Food & Beverages
• Energy & Power
• Paper & Pulp
• Building & Construction
• Automotive
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary           
             
2 Preface          
  
 2.1 Abstract           
 2.2 Stake Holders          
 2.3 Research Scope          
 2.4 Research Methodology         
  2.4.1 Data Mining         
  2.4.2 Data Analysis         
  2.4.3 Data Validation          
  2.4.4 Research Approach         
 2.5 Research Sources          
  2.5.1 Primary Research Sources        
  2.5.2 Secondary Research Sources        
  2.5.3 Assumptions         
             
3 Market Trend Analysis          
 3.1 Introduction           
 3.2 Drivers           
 3.3 Restraints          
 3.4 Opportunities          
 3.5 Threats           
 3.6 Application Analysis         
 3.7 End User Analysis          
 3.8 Emerging Markets          
 3.9 Impact of Covid-19          
             
4 Porters Five Force Analysis          
 4.1 Bargaining power of suppliers         
 4.2 Bargaining power of buyers         
 4.3 Threat of substitutes         
 4.4 Threat of new entrants         
 4.5 Competitive rivalry          
              
5 Global Control Valves Market, By Operation        
 5.1 Introduction          
 5.2 Pneumatic Control Valve         
 5.3 Manual Control Valve         
 5.4 Hydraulic Control Valve         
 5.5 Electrical Control Valve         
              
6 Global Control Valves Market, By Leakage        
 6.1 Introduction          
 6.2 Valve Leakage          
 6.3 Seat Leakage          
             
7 Global Control Valves Market, By Type         
 7.1 Introduction          
 7.2 Linear Valves          
  7.2.1 Pinch Valves         
  7.2.2 Globe Valves         
  7.2.3 Gate Valves         
  7.2.4 Diaphragm Valve         
 7.3 Rotary Valves          
  7.3.1 Plug Valves         
  7.3.2 Butterfly Valves         
  7.3.3 Angle Valve         
  7.3.4 Ball Valves         
             
8 Global Control Valves Market, By Size         
 8.1 Introduction          
 8.2 Upto 1”           
 8.3 >1”-6”           
 8.4 >6”-25”           
 8.5 >25”-50”           
 8.6 >50”           
             
9 Global Control Valves Market, By Valve End Connection       
 9.1 Introduction          
 9.2 Welding End Connections         
 9.3 Screwed Pipe Threads         
 9.4 Bolted Gasketed Flangs         
             
10 Global Control Valves Market, By Material        
 10.1 Introduction          
 10.2 Stainless Steel          
 10.3 Cryogenic          
 10.4 Alloy-Based          
 10.5 Cast Iron           
 10.6 Other Materials          
  10.6.1 Brass          
  10.6.2 Bronze          
  10.6.3 Plastic          
             
11 Global Control Valves Market, By Component        
 11.1 Introduction          
 11.2 Valve Body          
 11.3 Actuators           
             
12 Global Control Valves Market, By Application        
 12.1 Introduction          
 12.2 Pressure Control          
 12.3 Flow Control          
             
13 Global Control Valves Market, By End User        
 13.1 Introduction          
 13.2 Water & Wastewater Treatment        
 13.3 Pharmaceuticals          
 13.4 Chemicals          
 13.5 Oil & Gas           
 13.6 Metals & Mining          
 13.7 Food & Beverages           
 13.8 Energy & Power          
 13.9 Paper & Pulp          
 13.10 Building & Construction         
 13.11 Automotive          
 13.12 Other End Users           
  13.12.1 Textiles          
  13.12.2 Marine          
  13.12.3 Fertilizers         
  13.12.4 Electronics         
  13.12.5 Manufacturing         
             
14 Global Control Valves Market, By Geography        
 14.1 Introduction          
 14.2 North America          
  14.2.1 US          
  14.2.2 Canada          
  14.2.3 Mexico          
 14.3 Europe           
  14.3.1 Germany          
  14.3.2 UK          
  14.3.3 Italy          
  14.3.4 France          
  14.3.5 Spain          
  14.3.6 Rest of Europe         
 14.4 Asia Pacific          
  14.4.1 Japan          
  14.4.2 China          
  14.4.3 India          
  14.4.4 Australia          
  14.4.5 New Zealand         
  14.4.6 South Korea         
  14.4.7 Rest of Asia Pacific         
 14.5 South America          
  14.5.1 Argentina         
  14.5.2 Brazil          
  14.5.3 Chile          
  14.5.4 Rest of South America        
 14.6 Middle East & Africa         
  14.6.1 Saudi Arabia         
  14.6.2 UAE          
  14.6.3 Qatar          
  14.6.4 South Africa         
  14.6.5 Rest of Middle East & Africa        
             
15 Key Developments           
 15.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 15.2 Acquisitions & Mergers         
 15.3 New Product Launch         
 15.4 Expansions          
 15.5 Other Key Strategies         
             
16 Company Profiling           
 16.1 Samson Controls           
 16.2 Trillium Flow Technologies          
 16.3 Spirax Sarco          
 16.4 Apollo Valves          
 16.5 Neway Valve          
 16.6 Curtiss-Wright Corporation         
 16.7 Kitz Corporation          
 16.8 IMI PLC           
 16.9 Ham-Let           
 16.10 Flowserve Corporation         
 16.11 Emerson            
 16.12 Crane Co.           
 16.13 Alfa Laval           
 16.14 Cameron           
 16.15 Neles Corporation          
 16.16 Christian Burkert          


List of Tables            
1 Global Control Valves Market Outlook, By Region (2020-2028) ($MN)      
2 Global Control Valves Market Outlook, By Operation (2020-2028) ($MN)      
3 Global Control Valves Market Outlook, By Pneumatic Control Valve (2020-2028) ($MN)    
4 Global Control Valves Market Outlook, By Manual Control Valve (2020-2028) ($MN)     
5 Global Control Valves Market Outlook, By Hydraulic Control Valve (2020-2028) ($MN)    
6 Global Control Valves Market Outlook, By Electrical Control Valve (2020-2028) ($MN)    
7 Global Control Valves Market Outlook, By Leakage (2020-2028) ($MN)      
8 Global Control Valves Market Outlook, By Valve Leakage (2020-2028) ($MN)     
9 Global Control Valves Market Outlook, By Seat Leakage (2020-2028) ($MN)     
10 Global Control Valves Market Outlook, By Type (2020-2028) ($MN)      
11 Global Control Valves Market Outlook, By Linear Valves (2020-2028) ($MN)     
12 Global Control Valves Market Outlook, By Pinch Valves (2020-2028) ($MN)     
13 Global Control Valves Market Outlook, By Globe Valves (2020-2028) ($MN)     
14 Global Control Valves Market Outlook, By Gate Valves (2020-2028) ($MN)     
15 Global Control Valves Market Outlook, By Diaphragm Valve (2020-2028) ($MN)     
16 Global Control Valves Market Outlook, By Rotary Valves (2020-2028) ($MN)     
17 Global Control Valves Market Outlook, By Plug Valves (2020-2028) ($MN)     
18 Global Control Valves Market Outlook, By Butterfly Valves (2020-2028) ($MN)     
19 Global Control Valves Market Outlook, By Angle Valve (2020-2028) ($MN)     
20 Global Control Valves Market Outlook, By Ball Valves (2020-2028) ($MN)      
21 Global Control Valves Market Outlook, By Size (2020-2028) ($MN)      
22 Global Control Valves Market Outlook, By Upto 1” (2020-2028) ($MN)      
23 Global Control Valves Market Outlook, By >1”-6” (2020-2028) ($MN)      
24 Global Control Valves Market Outlook, By >6”-25” (2020-2028) ($MN)      
25 Global Control Valves Market Outlook, By >25”-50” (2020-2028) ($MN)      
26 Global Control Valves Market Outlook, By >50” (2020-2028) ($MN)      
27 Global Control Valves Market Outlook, By Valve End Connection (2020-2028) ($MN)    
28 Global Control Valves Market Outlook, By Welding End Connections (2020-2028) ($MN)    
29 Global Control Valves Market Outlook, By Screwed Pipe Threads (2020-2028) ($MN)    
30 Global Control Valves Market Outlook, By Bolted Gasketed Flangs (2020-2028) ($MN)    
31 Global Control Valves Market Outlook, By Material (2020-2028) ($MN)      
32 Global Control Valves Market Outlook, By Stainless Steel (2020-2028) ($MN)     
33 Global Control Valves Market Outlook, By Cryogenic (2020-2028) ($MN)      
34 Global Control Valves Market Outlook, By Alloy-Based (2020-2028) ($MN)     
35 Global Control Valves Market Outlook, By Cast Iron (2020-2028) ($MN)      
36 Global Control Valves Market Outlook, By Other Materials (2020-2028) ($MN)     
37 Global Control Valves Market Outlook, By Brass (2020-2028) ($MN)      
38 Global Control Valves Market Outlook, By Bronze (2020-2028) ($MN)      
39 Global Control Valves Market Outlook, By Plastic (2020-2028) ($MN)      
40 Global Control Valves Market Outlook, By Component (2020-2028) ($MN)     
41 Global Control Valves Market Outlook, By Valve Body (2020-2028) ($MN)      
42 Global Control Valves Market Outlook, By Actuators (2020-2028) ($MN)      
43 Global Control Valves Market Outlook, By Application (2020-2028) ($MN)     
44 Global Control Valves Market Outlook, By Pressure Control (2020-2028) ($MN)     
45 Global Control Valves Market Outlook, By Flow Control (2020-2028) ($MN)     
46 Global Control Valves Market Outlook, By End User (2020-2028) ($MN)      
47 Global Control Valves Market Outlook, By Water & Wastewater Treatment (2020-2028) ($MN)    
48 Global Control Valves Market Outlook, By Pharmaceuticals (2020-2028) ($MN)     
49 Global Control Valves Market Outlook, By Chemicals (2020-2028) ($MN)      
50 Global Control Valves Market Outlook, By Oil & Gas (2020-2028) ($MN)      
51 Global Control Valves Market Outlook, By Metals & Mining (2020-2028) ($MN)     
52 Global Control Valves Market Outlook, By Food & Beverages (2020-2028) ($MN)     
53 Global Control Valves Market Outlook, By Energy & Power (2020-2028) ($MN)     
54 Global Control Valves Market Outlook, By Paper & Pulp (2020-2028) ($MN)     
55 Global Control Valves Market Outlook, By Building & Construction (2020-2028) ($MN)    
56 Global Control Valves Market Outlook, By Automotive (2020-2028) ($MN)     
57 Global Control Valves Market Outlook, By Other End Users (2020-2028) ($MN)     
58 Global Control Valves Market Outlook, By Textiles (2020-2028) ($MN)      
59 Global Control Valves Market Outlook, By Marine (2020-2028) ($MN)      
60 Global Control Valves Market Outlook, By Fertilizers (2020-2028) ($MN)      
61 Global Control Valves Market Outlook, By Electronics (2020-2028) ($MN)      
62 Global Control Valves Market Outlook, By Manufacturing (2020-2028) ($MN)     
             
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

 

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