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Control Valve Market Size, Share, Growth Analysis, By Component (Actuators, Valve Body), By Material (Stainless Steel, Cast Iron), By Type (Rotary, Linear), By Size, By End Use Industry (Oil & Gas, Chemicals), By Region - Industry Forecast 2024-2031


Report ID: SQMIG20I2153 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 94 |Figures: 79

Control Valve Market Insights

Global Control Valve Market size was valued at USD 6.65 billion in 2022 and is poised to grow from USD 7.13 billion in 2023 to USD 12.44 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).

A control valve is a power-operated tool or component that is employed to alter or regulate the general flow of fluids, such as steam, water, oil, and gas. The market is anticipated to grow significantly over the next few years as a result of the rising demand for control valves in a number of industries, including water and wastewater, oil and gas, food and beverage, and others.

In the upcoming years, control valve market expansion is anticipated to be significantly influenced by the increase in investments aimed at the development of unique and sophisticated control valve products and solutions. In the next years, the market expansion is anticipated to be boosted by nations like the United States, India, and China. The production and refinery platforms' exposure to high pressure, high temperature, and unfavourable corrosion conditions has further increased demand for control valves. Offshore and onshore oil and gas operations mostly employ these platforms. Most of the crucial systems in the oil and gas industries employ these valves. It regulates fluid volume, direction, pace, and pressure in addition to flow.

US Control Valve Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 6.65 billion

Largest Segment

Linear

Fastest Growth

Linear

Growth Rate

7.2% CAGR

Global Control Valve Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)

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Control Valve Market Segmental Analysis

Global Control Valve Market is segmented by Component, Material, Type, Size, End User Industry and region. Based on component, the market is segmented into Actuators, Valve Body. Based on Material, the market is segmented into Stainless Steel, Cast Iron, Cryogenic, Alloy Based. Based on Type, the market is segmented into Rotary (Ball, Butterfly, Plug), Linear (Gate, Diaphragm, Others). Based on Size, the market is segmented into Less than 1", Between 1" to 6", Between 6" to 25", Between 25" to 50", More than 50". Based on end user Industry, the market is segmented into Oil & Gas, Energy & Power, Water & Wastewater, Food & Beverages, Metals & Mining, Chemicals, Pharmaceuticals, Building & Construction, Pulp & Paper, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Control Valve Market Analysis by Motion

By Motion, Rotary segment is anticipated to grow at the fastest CAGR in the global control valve market. In dirty service environments, rotary valves are less likely to clog, and inexpensive stem packing can effectively control emissions in place of expensive bellows seals. The smaller size and lighter weight of rotary valves also contribute to their increased popularity. Another advantage offered by rotary valves is the establishment of a fluid path that is practically obstruction-free when the valve is fully open.

Control Valve Market Analysis by Component

During the projected period, the category for autuators is anticipated to develop at the highest CAGR in the global control valve market. The cost of the actuators is one of its many benefits. The simplicity of throttling without a positioner, inherent failure-mode action, low supply-pressure demand, adaptability to various circumstances, and little maintenance needs are further benefits.

Control Valve Market Analysis by End-Use

During the projection period, the oil & gas segment is anticipated to develop at the greatest CAGR in the global control valve market. due to the surge in global energy demand and the expansion of drilling in countries of the Gulf Cooperation Council (GCC). But the COVID-19 pandemic is currently wrecking the world's economy. Due to the pandemic, oil prices have plunged to levels below zero, which has had a significant impact on the oil and gas industry. There is a huge gap between supply and demand because the largest oil-producing companies are running out of space to store the extracted oil and because oil demand has rapidly declined. Oil and gas is one of the primary markets for control valves, however the pandemic has adversely affected this business.

Global Control Valve Market By Motion, 2021(%)

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Control Valve Market Regional Insights

North America to dominate global control valve market throughout the forecast period. Many of the main control valve producers are based in this area. Growing R&D efforts in the field of valve usage in automation and the rising demand for safety applications are other factors boosting this market's growth in North America. R&D at the industrial level is expanding the application areas for valves, particularly in the US, in several industries, including energy & power, chemicals, and others. Control valves are used to start, halt, or throttle media flow as well as to assure secure and efficient process automation in the energy and power, water and wastewater treatment, and oil and gas industries. The market for control valves has the second-strongest development potential in the APAC region. This has primarily been caused by increased investments in energy and electricity in the control valve market. The building industry has benefited from faster economic growth as well. This is especially true in China and India. Both nations have made large expenditures in control valve technology to improve their pharmaceutical, energy, power, and food and beverage industries. However, there has been a lot of investment and growth in other sectors.

Global Control Valve Market By Geography, 2021 - 2028
  • Largest
  • Fastest

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Control Valve Market Dynamics

Control Valve Market Driver

  • The pharmaceutical and healthcare sectors are leading the fight against the pandemic due of COVID-19's rapid spread. The manufacture of vital medical equipment that is needed to heal COVID-19 patients is increasing. Control valves play a significant part in the production of many medical equipment, and numerous big industrial firms have seized the chance to help battle the epidemic. Companies in the control valve market are spending more money on research and development for automatic parts that are used in the pharmaceutical industry, like solenoid valves. The development of complex fluid handling systems by pharmaceutical industries, such as liquid soap dispensers and automatic sanitizer dispensers, is also driving the demand for valves. Thus, the market for control valves is developing as a result of rising healthcare device production and rising R&D expenditures in the pharmaceutical industry.

Control Valve Market Restraint

  • Manufacturers of valves must abide by a number of standards and laws. Regarding valves, several locations have distinct certifications and regulations. Due to the vast range of industries where valves are used, including oil and gas, food and beverage, pharmaceuticals, energy and electricity, water and wastewater treatment, building and construction, chemicals, and pulp and paper, this factor leads to diversity in demand. Due to the need for industry participants to modify the same product in accordance with regional rules, which makes it challenging for the valve makers to attain an optimal cost of installation, such diversity is, however, impeding the growth of the valves market. To fix this issue, they have to invest their resources in opening up manufacturing plants across the world, thereby requiring additional capital.

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Control Valve Market Competitive Landscape

Crane Co., Alfa Laval Corporate AB, Emerson Electric Co., Flowserve Corporation, Schlumberger Ltd, Metso Corporation, KSB SE & Co. KGaA, KITZ Corporation, Samson Aktiengesellschaft, and Velan Inc. are some of the leading players in the global control valve market. To expand their reach and maintain fierce rivalry in the control valve market, the top companies present on the international control valve market have used crucial strategies including product launches. For instance, the new Alfa ThinkTop V50 and V70 valves were introduced by Alfa Laval Corporate AB. The dairy, food, beverage, and pharmaceutical industries are its best fit. It has attributes like being simple to set up and trustworthy. It can rotate 360 degrees and provides 24-hour support. It can reduce the price of cleaning agents by 90%.

Control Valve Market Top Player's Company Profiles

  • Emerson Electric Co. 
  • Flowserve Corporation 
  • Crane Co. 
  • Metso Corporation 
  • Samson Aktiengesellschaft 
  • Velan Inc. 
  • IMI Plc 
  • KSB SE & Co. KGaA 
  • KITZ Corporation 
  • Schlumberger Ltd. 
  • Baker Hughes 
  • Honeywell International Inc. 
  • Siemens AG 
  • Burkert Fluid Control Systems 
  • General Electric Company (GE Oil & Gas Division) 
  • MIL Control Limited 
  • HTC Valves 
  • Amtech Valves 
  • Bell-O-Seal Valves

Control Valve Market Recent Developments

  • In July 2022, A leading provider of software and technology solutions in the global control valve market joined RE100, a global campaign uniting companies dedicated to using only renewable energy sources for electricity. The newest stage in Emerson's strategy to get 100 percent renewable electricity by 2030 is its affiliation with other sustainability trailblazers in the initiative led by Climate Group, in collaboration with CDP.
  • In September 2021, One of the key participants in the industry, Burkert, announced the release of a revolutionary, long-lasting on/off control valve for switching and controlling steam, liquids, and gases in the food and process sectors. The valve requires little maintenance. Up to 25 bar of media pressure has been appropriate and acceptable for these industries. The business had been providing a wide selection of pneumatically and electrically driven on/off motors and control valves for a variety of applications.
  • In September 2021, Genesis Systems, a significant distributor of control valves, was bought by FlowWorks, according to an announcement. According to the corporation, its clients and consumers will gain access to a wide selection of items as a result of this transaction. In the past, Clearlake Capital Group L.P. had supported FloWorks.

Control Valve Key Market Trends

  • The pharmaceutical industry's producers have been able to improve their manufacturing capacities by lowering the overall cost of equipment ownership, increasing equipment uptime, and minimising maintenance expenses thanks to developments in sensor and valve technology.
  • The actuator's ability to rotate the actuator head 360 degrees in control valves allows for flexible installation and improves air-port alignment. It also optimises the use of actuators in compact valve arrays in industrial processes, lowering overall installation costs for both new and current projects.
  • Pharmaceutical companies' adoption of new technologies has helped the control valve sector develop new accessories that, when used with aseptic valves, provide high levels of control, completeness, and accuracy of a valve's condition.

Control Valve Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global control valve market analysis, The demand for the market is projected to increase as a result of rising automation in various process sectors and rising investment in the oil & gas sector. In the upcoming years, the market is anticipated to rise as a result of growing industrialization in developing nations and rising R&D activities. Additionally, it is anticipated that the market will be driven throughout the projected period by the high power demand caused by the growing population.

Report Metric Details
Market size value in 2022 USD 6.65 billion
Market size value in 2031 USD 12.44 billion
Growth Rate 7.2%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Component
    • Actuators, Valve Body, Others
  • Material
    • Stainless Steel, Cast Iron, Cryogenic, Alloy Based, Others
  • Type
    • Rotary (Ball, Butterfly, Plug), Linear (Gate, Diaphragm, Others)
  • Size
    • Less than 1", Between 1" to 6", Between 6" to 25", Between 25" to 50", More than 50"
  • End User Industry
    • Oil & Gas, Energy & Power, Water & Wastewater, Food & Beverages, Metals & Mining, Chemicals, Pharmaceuticals, Building & Construction, Pulp & Paper, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Emerson Electric Co. 
  • Flowserve Corporation 
  • Crane Co. 
  • Metso Corporation 
  • Samson Aktiengesellschaft 
  • Velan Inc. 
  • IMI Plc 
  • KSB SE & Co. KGaA 
  • KITZ Corporation 
  • Schlumberger Ltd. 
  • Baker Hughes 
  • Honeywell International Inc. 
  • Siemens AG 
  • Burkert Fluid Control Systems 
  • General Electric Company (GE Oil & Gas Division) 
  • MIL Control Limited 
  • HTC Valves 
  • Amtech Valves 
  • Bell-O-Seal Valves

Control Valve Market Recent Developments

  • In July 2022, A leading provider of software and technology solutions in the global control valve market joined RE100, a global campaign uniting companies dedicated to using only renewable energy sources for electricity. The newest stage in Emerson's strategy to get 100 percent renewable electricity by 2030 is its affiliation with other sustainability trailblazers in the initiative led by Climate Group, in collaboration with CDP.
  • In September 2021, One of the key participants in the industry, Burkert, announced the release of a revolutionary, long-lasting on/off control valve for switching and controlling steam, liquids, and gases in the food and process sectors. The valve requires little maintenance. Up to 25 bar of media pressure has been appropriate and acceptable for these industries. The business had been providing a wide selection of pneumatically and electrically driven on/off motors and control valves for a variety of applications.
  • In September 2021, Genesis Systems, a significant distributor of control valves, was bought by FlowWorks, according to an announcement. According to the corporation, its clients and consumers will gain access to a wide selection of items as a result of this transaction. In the past, Clearlake Capital Group L.P. had supported FloWorks.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Control Valve Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Control Valve Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Control Valve Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Control Valve Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Control Valve Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Control Valve Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Control Valve Market size was valued at USD 6.65 billion in 2022 and is poised to grow from USD 7.13 billion in 2023 to USD 12.44 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).

Crane Co., Alfa Laval Corporate AB, Emerson Electric Co., Flowserve Corporation, Schlumberger Ltd, Metso Corporation, KSB SE & Co. KGaA, KITZ Corporation, Samson Aktiengesellschaft, and Velan Inc. are some of the leading players in the global control valve market. To expand their reach and maintain fierce rivalry in the control valve market, the top companies present on the international control valve market have used crucial strategies including product launches. For instance, the new Alfa ThinkTop V50 and V70 valves were introduced by Alfa Laval Corporate AB. The dairy, food, beverage, and pharmaceutical industries are its best fit. It has attributes like being simple to set up and trustworthy. It can rotate 360 degrees and provides 24-hour support. It can reduce the price of cleaning agents by 90%. 'Emerson Electric Co. ', 'Flowserve Corporation ', 'Crane Co. ', 'Metso Corporation ', 'Samson Aktiengesellschaft ', 'Velan Inc. ', 'IMI Plc ', 'KSB SE & Co. KGaA ', 'KITZ Corporation ', 'Schlumberger Ltd. ', 'Baker Hughes ', 'Honeywell International Inc. ', 'Siemens AG ', 'Burkert Fluid Control Systems ', 'General Electric Company (GE Oil & Gas Division) ', 'MIL Control Limited ', 'HTC Valves ', 'Amtech Valves ', 'Bell-O-Seal Valves', 'In July 2022, A leading provider of software and technology solutions in the global control valve market joined RE100, a global campaign uniting companies dedicated to using only renewable energy sources for electricity. The newest stage in Emerson's strategy to get 100 percent renewable electricity by 2030 is its affiliation with other sustainability trailblazers in the initiative led by Climate Group, in collaboration with CDP.', 'In September 2021, One of the key participants in the industry, Burkert, announced the release of a revolutionary, long-lasting on/off control valve for switching and controlling steam, liquids, and gases in the food and process sectors. The valve requires little maintenance. Up to 25 bar of media pressure has been appropriate and acceptable for these industries. The business had been providing a wide selection of pneumatically and electrically driven on/off motors and control valves for a variety of applications.', 'In September 2021, Genesis Systems, a significant distributor of control valves, was bought by FlowWorks, according to an announcement. According to the corporation, its clients and consumers will gain access to a wide selection of items as a result of this transaction. In the past, Clearlake Capital Group L.P. had supported FloWorks.'

The pharmaceutical and healthcare sectors are leading the fight against the pandemic due of COVID-19's rapid spread. The manufacture of vital medical equipment that is needed to heal COVID-19 patients is increasing. Control valves play a significant part in the production of many medical equipment, and numerous big industrial firms have seized the chance to help battle the epidemic. Companies in the control valve market are spending more money on research and development for automatic parts that are used in the pharmaceutical industry, like solenoid valves. The development of complex fluid handling systems by pharmaceutical industries, such as liquid soap dispensers and automatic sanitizer dispensers, is also driving the demand for valves. Thus, the market for control valves is developing as a result of rising healthcare device production and rising R&D expenditures in the pharmaceutical industry.

The pharmaceutical industry's producers have been able to improve their manufacturing capacities by lowering the overall cost of equipment ownership, increasing equipment uptime, and minimising maintenance expenses thanks to developments in sensor and valve technology.

North America to dominate global control valve market throughout the forecast period. Many of the main control valve producers are based in this area. Growing R&D efforts in the field of valve usage in automation and the rising demand for safety applications are other factors boosting this market's growth in North America. R&D at the industrial level is expanding the application areas for valves, particularly in the US, in several industries, including energy & power, chemicals, and others. Control valves are used to start, halt, or throttle media flow as well as to assure secure and efficient process automation in the energy and power, water and wastewater treatment, and oil and gas industries. The market for control valves has the second-strongest development potential in the APAC region. This has primarily been caused by increased investments in energy and electricity in the control valve market. The building industry has benefited from faster economic growth as well. This is especially true in China and India. Both nations have made large expenditures in control valve technology to improve their pharmaceutical, energy, power, and food and beverage industries. However, there has been a lot of investment and growth in other sectors.

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Control Valve Market

Report ID: SQMIG20I2153

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