Control Valve Market: Trend Analysis & Market Scenario, and Forecast 2027.

Control Valve Market was valued at 4.82 Bn. USD in 2020. Oil and gas, one of the segments reviewed in our report is dominating the Global Control Valve Market.

Control Valve Market Overview:

A vital component of the control loop is the control valve. To compensate for the load disturbance, the control valve manipulates a flowing fluid, such as gas, steam, water, or chemical compounds, and keeps the regulated process variable as close to the desired set point as possible. Increasing efficiency, the profitability of the process, and the safety of the system are the key factors driving the market growth. The Global Control valve market is expected to register a CAGR of 3.8% during the forecast period. Control Valve Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the Market from 2021 to 2027. 2020’s Market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the Market through 2027. 2020 is a year of exception and analyzed specially with the impact of lockdown by region.

Control Valve Market Dynamics:

The control valve market is expected to develop as the requirement for automation in the process industry grows. Furthermore, the control valve market is expected to benefit from increased investments in the oil and gas industry and pharmaceutical infrastructure. For example, India has invested $118 billion in oil and gas exploration and is building natural gas infrastructure to suit the country's energy needs. Furthermore, the demand for control valves in the food and beverage industry is likely to propel the control valve market forward. Control valves are used in the production of a variety of medical equipment, and several major industrial players have jumped at the chance to help in the fight against the pandemic. Companies are progressively investing in research and development for autonomous components that are supplied to the pharmaceuticals industry, such as solenoid valves. Control valves appear to be ripe for product innovation. The focus should be on the area surrounding the valve rather than the valve itself. Take the positioner, for example. Smart valve positioners offer increased setup flexibility, as well as diagnostics that may be used to extend the life of the control valve and reduce maintenance and unexpected downtime. The control valve sector innovates, but not as swiftly as other technology-centric fields, according to an article in Process Automation (Industry trends in control valve automation). Designers "slowly adapt and enhance goods over time, delivering a modest but consistent rate of growth," rather than making dramatic discoveries. Control Valve MarketHowever, the industry appears to have overtaken the performance capabilities of mechanical and electro-pneumatic systems in the field of smart and digital valve positioners. Smart controller technology is progressing thanks to developments in digital communications protocols, which allow it to include more sophisticated functionalities like predictive analytics. The transition from traditional corrective and schedule-based maintenance to predictive maintenance is made easier with improved diagnostic capabilities. Valve positioner diagnostics are becoming increasingly advanced, allowing valve testing to identify whether maintenance or replacement is required. Process efficiency and product quality can both benefit from improved control valve automation. It protects humans, plants, and the environment at the same time. In addition, the latest generation of smart control valve positioners allows industrial enterprises to run more diagnostics locally and gain a better understanding of overall valve performance at a reduced cost. Value creation, in addition to cost-effectiveness, is critical for suppliers to connect with industry demand. Companies operating in mature markets can improve their competitiveness by improving product quality and yields. Control valves aren't the only thing that can help these businesses thrive (or survive a rough patch). Efforts to improve or create new standards, particularly at the international level through the International Electrotechnical Commission (IEC), have slowed significantly. Due to a greater understanding of fluid dynamics as it relates to valves, and even equations to anticipate fluid-induced noise from both liquids and gases, previous activities resulted in a slew of standards giving more accurate sizing. Current work in the ISA and IEC-TC 65B, WG 9 committees, on the other hand, are mostly focused on maintaining existing standards.

Control Valve Market Segmentation:

The oil and gas End-User segment is dominating the Control Valve market in terms of Applicability: The oil and gas industry holds the highest share of approximately 27% in the control valve market, owing to rising energy consumption and increased drilling activity in Gulf Cooperation Council (GCC) countries. The building of many new combined cycle gas turbine (CCGT) facilities is projected as the United States expands its power infrastructure and natural gas becomes more readily available. During the forecast period, this is expected to fuel market expansion. Transmission and distribution, as well as reliability-focused pipeline developments, have increased in the United States in recent years, while outages have decreased slightly. Spending on high-voltage transmission lines increased year after year. Control Valve MarketRotary Control Valve segment is on the rise: In 2019, rotary control valves are predicted to account for a bigger portion of the control valve market. In dirty service applications, rotary valves are less prone to clogging, and emissions may be easily controlled thanks to the stem packing, which eliminates the need for expensive bellows seals. Furthermore, the reduced weight and smaller size of rotary valves contribute to their ever-increasing demand. Another benefit of rotary valves is that when the valve is wide open, they create a virtually obstruction-free channel for the fluid. Control Valve Market Trends: 1. Several new butterfly valve improvements have lately hit the market in an attempt to counteract these harmful impacts. One of these, known as a Control-Disk, is made by Fisher Controls, a division of Emerson, whose developers added regulating profiles to a metal-seated, double-eccentric butterfly valve, giving it an equal percentage intrinsic flow characteristic. Lilly Engineering Company, Inc., of Itasca, Ill., has a patented invention centred on rubber-lined valves, which they exhibit with their Z-Disk. It claims to address all of the aforementioned drawbacks, making it a serious rival for globe-style control valves and other more expensive valves. 2. Digital Fieldbus Protocols: These protocols, when combined with low-power central processing units, have played a critical role in the growth of valve positioners as computers. Instruments in manufacturing plants are now connected using improved industrial fieldbus network solutions that require significantly less cabling. Control loop feedback techniques that can calculate error values are supported by some advanced fieldbus devices. Valve Positioners with Intelligent Control: The key benefit of their stored data, including value history information, is that it is easier to obtain from the positioner than external software. 3. PTT Tests: Because it does not impede plant workflow, the Partial Stroke Test (PST) is immediately applicable to safety and enhances efficiency. This is a big step forward because, until recently, testing valves required stopping production, which had a negative impact on profitability. Even though Full Stroke Tests (FSTs) are still important, simpler, less expensive PSTs are more reliable and discover 70% of valve abnormalities that can be corrected right away. Despite the fact that they are planned more frequently, they do not disrupt plant operations. 4. Prevalence of smart valves: Intelligent control systems with an integrated embedded CPU and networking functionality for valve trees are becoming increasingly important in subsea oil and gas. This is one of the most influential trends in valve design. Because they allow remote monitoring through a central control station, these systems are favoured for industry standard electro-hydraulic control systems because of their greater reliability and responsiveness. One of the most significant advantages of smart valves is that they prevent the repercussions of pipeline damage or obstruction. Because of the ability to reconfigure pipe and networking systems, this is possible. 5. Increasing use of simulation software: Valve makers have a primary focus on optimising valve design using CFD and FEA simulation technologies. Non-rotating stem globe design, in-suite seat arrangement, seal-welding of threaded seat ring, and guided disc arrangement are among the novel features included in the high-performance globe valves, which improve sealing performance and demand less hand wheel effort. Economic Outlook of APAC Control Valve Market: Control valve manufacturers, not to be left out, joined the outsourcing trend that began in earnest in 2010. It all began with a quest for less priced materials, such as Brazilian iron castings or Korean stainless investment castings. Later, lower-wage opportunities prompted valve manufacturers to establish subsidiaries in China and India. Control valve production was shifted to closer locations, such as Mexico, due to rapidly rising wages in those countries. Plants from other countries became the primary providers for local markets. Fortunately, there is still little to worry from foreign control valve makers attempting to enter the US market. Control valves are often custom-built to match specific process requirements, notably for the enormous U.S. petrochemical business. Furthermore, because of their established reputation and ease of communication, local merchants are favoured. At the moment, the market outlook is cautiously hopeful, owing to recent new opportunities in natural gas drilling and power plant conversions from coal to natural gas. Given China's high rate of nuclear power plant construction, there is further export potential expected from the APAC region.   The objective of the report is to present a comprehensive analysis of the Control Valve Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Control Valve Market dynamics, structure by analyzing the Market segments and project the Control Valve Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Control Valve Market make the report investor’s guide.

Control Valve Market Scope: Inquire before buying

Control Valve Market

Control Valve Market, by region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Control Valve Market Key Players

• Christian Burkert • Emerson • Flowserve Corporation • Cameron (Schlumberger Company) • IMI PLC • Neles Corporation • Crane Co. • Samson Controls • Kitz Corporation • Neway Valve • Ham-Let • Trillium Flow Technologies • Alfa Laval • Apollo Valves • Sarco • Curtiss-Wright Corporation • Dwyer Instruments • AVK Holdings A/S • Velan, Inc. • Swagelok • Avcon Control FAQ’S: 1) What is the share of the Control Valve Market in 2020? Answer: The Control Valve Market was accounted for 4.82 Bn. Units in the year 2020. 2) Which End use segment is dominating the Control Valve Market? Answer: The oil and gas industry holds the highest share of approximately 38.5% in the control valve market, owing to rising energy consumption and increased drilling activity in Gulf Cooperation Council (GCC) countries. 3) What are the key players in the Control Valve Market? Answer: Christian Burkert, Emerson, Flowserve Corporation, Cameron (Schlumberger Company), IMI PLC, Neles Corporation, Crane Co., Samson Controls, Kitz Corporation, Neway Valve, Ham-Let, Trillium Flow Technologies, Alfa Laval, Apollo Valves, Sarco, Curtiss-Wright Corporation, Dwyer Instruments, AVK Holdings A/S, Velan, Inc., Swagelok, Avcon Control 4) Which factor acts as the driving factor for the growth of the Control Valve Market? Answer: The control valve market is expected to benefit from increased investments in the oil and gas industry and pharmaceutical infrastructure. Moreover, increasing demand for flow control processes in wastewater management is the key factor driving the market growth. 5) What factors are restraining the growth of the Control Valve Market? Answer: high manufacturing cost of control valves and increasing counterfeiting of the products are the key factors restraining the market growth and also posed as key challenges for the prominent players across the globe.
1. Control Valve Market: Research Methodology 2. Control Valve Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Control Valve Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Control Valve Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Control Valve Market Segmentation 4.1. Control Valve Market, by Design (2020-2027) • Rotary Valve • Diaphragm Valve • Ball valve • Globe valve • Angle valve • Others 4.2. Control Valve Market, by End Use (2020-2027) • Food and beverage • Chemicals • Oil and gas • Pharmaceuticals • Energy and power • Manufacturing 5. North America Control Valve Market(2020-2027) 5.1. Control Valve Market, by Design (2020-2027) • Rotary Valve • Diaphragm Valve • Ball valve • Globe valve • Angle valve • Others 5.2. Control Valve Market, by End Use (2020-2027) • Food and beverage • Chemicals • Oil and gas • Pharmaceuticals • Energy and power • Manufacturing 5.3. North America Control Valve Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Control Valve Market (2020-2027) 6.1. European Control Valve Market, by End Use (2020-2027) 6.2. European Control Valve Market, by Design (2020-2027) 6.3. European Control Valve Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Control Valve Market (2020-2027) 7.1. Asia Pacific Control Valve Market, by End Use (2020-2027) 7.2. Asia Pacific Control Valve Market, by Design (2020-2027) 7.3. Asia Pacific Control Valve Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Control Valve Market (2020-2027) 8.1. Middle East and Africa Control Valve Market, by End Use (2020-2027) 8.2. Middle East and Africa Control Valve Market, by Design (2020-2027) 8.3. Middle East and Africa Control Valve Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Control Valve Market (2020-2027) 9.1. Latin America Control Valve Market, by End Use (2020-2027) 9.2. Latin America Control Valve Market, by Design (2020-2027) 9.3. Latin America Control Valve Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Christian Burkert 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Emerson 10.3. Flowserve Corporation 10.4. Cameron (Schlumberger Company) 10.5. IMI PLC 10.6. Neles Corporation 10.7. Crane Co. 10.8. Samson Controls 10.9. Kitz Corporation 10.10. Neway Valve 10.11. Ham-Let 10.12. Trillium Flow Technologies 10.13. Alfa Laval 10.14. Apollo Valves 10.15. Sarco 10.16. Curtiss-Wright Corporation 10.17. Dwyer Instruments 10.18. AVK Holdings A/S 10.19. Velan, Inc. 10.20. Swagelok 10.21. Avcon Control

About This Report

Report ID 17135
Category Engineering Equipment
Published Date Sept 2019
Updated Date Nov 2021
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