Global Control Valves Market, By Component (Valve Body, Actuators, Others), Material (Stainless Steel, Cast Iron, Alloy-Based, Cryogenic, Others), Type (Rotary Valves, Linear Valves), Operation (Hydraulic Control Valve, Pneumatic Control Valve, Electric Control Valve), Size (Less than 1”, Between 1” to 6”, Between 6” to 25”, Between 25” to 50”, More than 50”), End User (Oil and Gas, Energy and Power, Water and Wastewater Treatment, Food and Beverages, Chemicals, Pharmaceuticals, Construction, Pulp and Paper, Others) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The control valves market size is valued at USD 13.19 billion by 2028 is expected to grow at a compound annual growth rate of 7.57% in the forecast period of 2021 to 2028. Data Bridge Market Research report on control valves provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
A control valve is a type of a valve that is used to control pressure, fluid flow, temperature by varying the size of the flow passage in process industries such as power generation, food and beverages, water management, oil and gas and automotive among others.
The rapid increase in the need for connected networks to maintain and monitor industrial equipment is expected to influence the growth of control valves market over the forecast period of 2021 to 2028. Also the increase in the demand for valves from healthcare and pharmaceuticals industries due to COVID-19 pandemic is also anticipated to flourish the growth of the control valves market. Furthermore, the rise in focus on establishing new nuclear power plants and up-scaling of existing ones and high demand for energy are also likely to positively impact the growth of the market. Moreover, the deployment of IIoT and Industry 4.0 in industrial plants and rise in implementation of valves in water and wastewater treatment plants to handle sanitation-related issues are also expected create a huge demand for control valves as well as lifting the growth of the control valves market.
However, the lack of standardized certifications and government policies and accidental downtime due to malfunctioning or failures of valves are expected to act as the major limitations for the growth of control valves in the above mentioned forecasted period, whereas the impact of COVID-19 pandemic on major industries such as oil and gas and energy and power can challenge the control valves market growth in the forecast period of 2021 to 2028.
Likewise, the rise in focus of industry players on offering improved customer services, increase in the need for replacement of outdated valves and adoption of smart valves and services and rise in use of 3D printing technology in manufacturing valves are expected to create various new opportunities that will lead to the growth of the control valves market in the above mentioned forecasted period.
This control valves market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the control valves market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Control Valves Market Scope and Market Size
The control valves market is segmented on the basis of component, material, type, operation, size and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on component, the control valves market is segmented into valve body, actuators and others.
- On the basis of material, the control valves market is segmented into stainless steel, cast iron, alloy-based, cryogenic and others. Others have further been segmented into brass, bronze and plastic.
- The control valves market is segmented on the basis of type into rotary valves and linear valves. Rotary valves have further been segmented into ball valves, butterfly valves and plug valves. Linear valves have further been segmented into globe valves, diaphragm valves and others.
- On the basis of operation, the control valves market is segmented into hydraulic control valve, pneumatic control valve and electric control valve.
- On the basis of size, the control valves market is segmented into less than 1”, between 1” to 6”, between 6” to 25”, between 25” to 50” and more than 50”.
- The end user segment of the control valves market is segmented into oil and gas, energy and power, water and wastewater treatment, food and beverages, chemicals, pharmaceuticals, construction, pulp and paper and others.
Control valves Market Country Level Analysis
The control valves market is analyzed and market size, volume information is provided by country, component, material, type, operation, size and end user as referenced above.
The countries covered in the control valves market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the control valves market because of the high demand for valve replacement from a large number of active projects. Asia-Pacific is expected to expand at a significant growth rate of over the forecast period of 2021 to 2028 owing to rise in investments in energy and power.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Control Valves Market Share Analysis
The control valves market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to control valves market.
The major players covered in the control valves market report are Siemens, Baker Hughes, Honeywell International Inc., Emersion Electric Co., Bürkert, ABB, PARKER HANNIFIN CORP, Eaton, NAFFCO, Flowserve Corporation, Watts, IMI Critical Engineering, Curtiss-Wright, Valvitalia SpA, PetrolValves, Trillium Flow Technologies, Crane Co., KITZ Corporation, Spirax Sarco Limited and Schlumberger Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.