Control Valve Market: Global Industry Analysis And Forecast (2023-2029)

Control Valve Market size was valued at US$ 7.24 Bn. in 2022 and the total Control Valve Market revenue is expected to grow at 15 % from 2023 to 2029, reaching nearly US$ 19.27 Bn.
Control Valve Market Overview:
They are divided into three categories: valve bodies, actuators, and others based on the component. They are divided into Oil & Gas, Water & Wastewater, Energy & Power, Pharmaceuticals, Food & Beverages, Chemicals, Building & Construction, and Others based on the industries they are involved in.

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Control valves are crucial for improving the productivity, security, and profitability of these process sectors. Additionally, control valve producers are continually working on new research and development projects to adapt their products to the requirements of diverse industries.

America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Control Valve Market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Control Valve Market's contemporary competitive scenario.

Covid-19 Impact:

Numerous businesses in the control valve industry have temporarily ceased operations as a result of the COVID-19 pandemic. They forced to take this move as a result of the more current, harsher regulatory rules. In an effort to limit and control the pandemic, governments all around the world are enacting harsher rules governing commercial operations.

The ability of these businesses to obtain raw materials has also been impacted by the newer and tighter government-imposed laws and regulations. These businesses are discovering how difficult it is to get the necessary raw materials at reasonable and cost-effective costs to manufacture the various varieties of control valves. However, due to the increased demand for these devices from pharma and healthcare businesses, which are looking for ways to restrict COVID-19, the long-term forecast for the global control valve market is quite positive.
Control Valve Market Dynamics:
Market drivers:

The pharmaceutical and healthcare sectors are leading the fight against the pandemic due to 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 equipments, and numerous big industrial firms have seized the chance to help battle the epidemic. Companies 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.

Market restraints:

Manufacturers of valves must abide by a number of standards and laws. Regarding valves, several locations have distinct certifications and regulations. Owing 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. Owing 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. They need to invest their resources in establishing production facilities all over the world to tackle this problem, which costs more money.

Market Opportunities:

People are now more worried about cleanliness and clean water as a result of the COVID-19 outbreak. Since the treatment of water and wastewater is one of the fundamental services, all residential services are provided by the plants. A major issue in many nations is the deteriorating infrastructure in the water and wastewater treatment sector. A large network of outdated pipelines, for instance, is utilized to convey water and wastewater throughout the US. The old infrastructure used for valves is also nearing the end of their useful lives and needs to be replaced.

Therefore, it's crucial to replace these valves for greater performance and increased worker safety. As a result, there are considerable prospects for the suppliers of valves with applications in the water & wastewater treatment industry due to the growing public concern over better sanitation and the rising number of new investments in water supply and sanitation projects.

Competitive Landscape:

There are several Control Valve Manufacturers, both big and small because there aren't any significant entrance obstacles. The industry is becoming quite competitive as a result. To survive, these businesses had to be innovative and inventive. Most significantly, they have improved their position. They have accomplished this through increased R&D, the introduction of new products, M&A, and strategic joint ventures.
Control Valve Market Segment Analysis:
Based on Type, The Rotary segment is expected to grow at the highest CAGR during the forecast period. Rotary valves are less likely to clog in filthy service situations, and emissions are easily regulated using stem packing rather than pricy bellows seals. Additionally, rotary valves' reduced weight and smaller size contribute to the continuously rising demand for these valves. The creation of a fluid route that is almost obstruction-free when the valve is fully open is another benefit provided by rotary valves.



Based on Component, The autuators segment is expected to grow at the highest CAGR during the forecast period. The actuators have a number of advantages, one of which is their affordability. In addition, the ease of throttling without a positioner, intrinsic failure-mode action, low supply-pressure demand, adjustability to different situations, and low maintenance requirements.

Based on Industry, The oil & gas segment is expected to grow at the highest CAGR during the forecast period. Owing to the increase in drilling activity in the Gulf Cooperation Council (GCC) nations and the rise in global energy demand. However, the COVID-19 epidemic is currently causing a global economic disaster. The oil and gas business has been severely impacted by this pandemic, as oil prices have fallen to values below zero. The biggest oil-producing firms are running out of room to keep the extracted oil, and the demand for oil has sharply decreased, resulting in a massive disparity between supply and demand. One of the major markets for control valves is oil and gas, however the pandemic has significantly hurt the market for control valves.
Regional Insights:
During the forecast period, the control valve market grow at the highest CAGR in North America. This region is home to many of the top control valve manufacturers. Additional factors driving the growth of this market in North America include growing R&D activities in the area related to the usage of valves in automation and the rising demand for safety applications. In numerous industries, including energy & power, and chemicals, R&D at the industry level is growing the application areas of valves, particularly in the US. In the energy and electricity, water and wastewater treatment, and oil and gas sectors, control valves are used to start, stop, or throttle media flow as well as to ensure safe and effective process automation.

The APAC region is the second-strongest area for growth in the control valve market. Increased energy and electricity investments have mostly been responsible for this. Faster economic growth has also given the construction sector a boost. Particularly so in China and India. To enhance their pharmaceutical, energy, electricity, and food and beverage industries, both countries have made significant investments in control valve technology. Other industries, however, have experienced significant growth and investment.

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 product, price, financial position, product portfolio, growth strategies, and regional presence in the Control Valve Market make the report investor’s guide.
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Control Valve Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 7.24 Bn.


Forecast Period 2023 to 2029 CAGR:
15 %
Market Size in 2029:
US $ 19.27 Bn.


 Segments Covered:
by Type
Linear
Rotary


by Component
Valve Body
Actuators
Others


by Industry
Oil & Gas
Water & Wastewater
Energy & Power
Pharmaceuticals
Food & Beverages
Chemicals
Building & Construction
Others



Control Valve Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Key Players
1. Christian Burkert (Germany)
2. Emerson (US)
3. Flowserve Corporation (US)
4. Cameron (Schlumberger Company) (US)
5. IMI PLC (UK)
6. Neles Corporation (Finland)
7. Crane Co. (US)
8. Samson Controls (US)
9. Kitz Corporation (Japan)
10. Neway Valve (China)
11. Ham-Let (Israel)
12. Trillium Flow Technologies (UK)
13. Alfa Laval (Sweden)
14. Apollo Valves (US)
15. Spirax Sarco (UK)
16. Curtiss-Wright Corporation (US)
17. Dwyer Instruments (US)
18. AVK Holdings A/S (Denmark)
19. Velan, Inc. (Canada)
20. Swagelok (US)
21. Avcon Control (India).

Frequently Asked Questions:

1. Which is the potential market for the Control Valve Market in terms of the region?
Ans. In North America region, the growing business and educational sectors are expected to help drive the use of collaborative screens.

2. What are the opportunities for new market entrants?
Ans. The key opportunity in the market is new initiatives from governments that provide funding for Control Valve Markets in educational institutes

3. What is expected to drive the growth of the Control Valve Market in the forecast period?
Ans. A major driver in the Control Valve Market is the prevalence of work from home and remote collaboration created by the COVID-19 pandemic

4. What is the projected market size & growth rate of the Control Valve Market?
Ans. Control Valve Market size was valued at US$ 7.24 Billion in 2022 and the total Control Valve Market revenue is expected to grow at 15 % through 2023 to 2029, reaching nearly US$ 19.27 Billion.

5. What segments are covered in the Control Valve Market report?
Ans. The segments covered are Type, Component, Industry and, Region.