USD 0.6 billion
Report ID: SQSG20I2011 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 94 | Figures: 76
Global Control Valve Market size was valued at USD 0.6 billion in 2021 and is poised to grow from USD 0.64 billion in 2022 to USD 1.21 billion by 2030, growing at a CAGR of 7.2% in the forecast period (2023-2030).
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.
Global Market Size
USD 0.6 billion
To get more reports on the above market click here to Buy The Report
Global control valve market is segmented based on the Motion, Component, End-Use and region. Based on the Motion, the Global Control Valve Market is segmented as Linear and Rotary. Based on the Component, the Global Control Valve Market is segmented as Valve Body, Actuators and Others. Based on the End-User, the Global Control Valve Market is segmented as Oil & Gas, Water & Wastewater, Energy & Power, Pharmaceuticals, Food & Beverages, Chemicals, Building & Construction, Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
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.
To get detailed analysis on other segments, Request For Sample Report
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.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Control Valve Market Driver
Control Valve Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
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
Control Valve Market Recent Developments
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.
|Market size value in 2021||USD 0.6 billion|
|Market size value in 2030||USD 0.64 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global 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 Global 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.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Control Valve Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 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.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.