The global control valve market size is expected to grow from USD 10.0 billion in 2024 to USD 13.0 billion by 2029, growing at a CAGR of 5.4% between 2024 to 2029.
The expansion of control valves in the global market has been fueled by increased industrial automation, a rising demand for precise process control, and innovations in valve technology, all contributing to improved operational efficiency and reliability. submersible pump casting parts
Control Valve Market Forecast to 2029
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In the oil and gas industry, the demand for control valves has been steadily rising due to several factors driving the need for efficient process control and optimization. Control valves play a crucial role in regulating the flow, pressure, temperature, and level of fluids in various processes within the oil and gas production, refining, and distribution systems. One significant driver of the increasing demand is the industry's continuous expansion and exploration efforts, necessitating the deployment of advanced control systems to ensure safe and efficient operations. Additionally, stricter regulatory requirements and environmental standards have compelled companies to invest in control valve technologies that enhance process efficiency and reduce emissions. Furthermore, as oil and gas operations become increasingly complex and remote, there is a growing emphasis on automation and digitalization, leading to a higher adoption of smart control valves equipped with advanced features such as remote monitoring, predictive maintenance, and real-time data analytics. Moreover, the ongoing modernization and upgrade initiatives in existing oil and gas facilities to enhance productivity and reliability have also contributed to the surge in demand for control valves. Overall, the rising demand for control valves in the oil and gas industry underscores the critical role these devices play in ensuring operational efficiency, safety, and compliance with industry standards and regulations.
Control valves are essential components requiring precise installation and regular maintenance for optimal performance. However, the complexity of these tasks can deter end-users lacking expertise or resources. The intricate setup process involves understanding fluid dynamics, system integration, and compliance with regulations. Similarly, ongoing maintenance necessitates vigilant monitoring and timely repairs. For organizations without specialized teams, navigating these challenges can lead to inefficiencies or system failures. To alleviate these barriers, control valve manufacturers can offer comprehensive training, user-friendly guides, and accessible technical support. Simplifying installation processes, providing clear documentation, and offering remote troubleshooting assistance can empower end-users. Implementing predictive maintenance technologies, such as condition monitoring sensors, further streamlines maintenance efforts. By enhancing accessibility and support mechanisms, the control valve industry can broaden its user base and facilitate smoother adoption and operation across various applications.
The aging infrastructure within the oil & gas and water & wastewater treatment sectors poses a significant concern in various nations. Take, for example, the United States, which harbors an extensive network of aging pipelines vital for transporting essential commodities such as natural gas, oil, water, and wastewater. Valves employed within this aged infrastructure are approaching the end of their operational lifespan, necessitating replacement. Therefore, the replacement of these outdated valves is crucial to enhance performance and ensure improved worker safety. This imperative for infrastructure renewal or repair is anticipated to drive demand for new control valves. Consequently, end-users are increasingly prioritizing the adoption of highly reliable, integrated, and cutting-edge solutions to address maintenance challenges. The valve industry is also employing advanced technologies its offerings. Smart valves offer several benefits to end-user industries or operators of valves. For instance, when residential applications such as traditional taps are considered, turning on and off the valves can be easily operated manually; however, it is very complex to operate hundreds of valves across a wide area of a utility network. Also, on a commercial scale, controlling the flow of water in a network requires personnel to release the water, thereby incurring an additional cost to a utility company, mine, or industrial facility and leading to inefficient and non-accurate process handling. However, smart valves give the user complete control over the flow of a pipe network. Smart valves enable the operator to control the valve from a long distance both from inside the building or from some other area. Smart valves will prove a great solution for utility companies, factories, housing estates, mining and irrigation systems, adding significant value to many industrial and residential use cases. Various valve manufacturers are investing in research and development activities related to smart valves.
Valve malfunctions or failures lead to unplanned plant downtime or shutdowns, necessitating valve replacement or repair as the sole recourse. Such unplanned downtime can incur substantial losses, including production downtime costs, emergency repair expenses, raw material wastage, customer dissatisfaction from delayed deliveries or subpar product quality, and more. Nevertheless, industry stakeholders are actively addressing this challenge by embracing monitoring, predictive maintenance, connected infrastructure, and condition monitoring solutions.
The figure below shows the Control Valve ecosystem.
The Actuator in Control Valve market is seeing substantial growth, powered by increasing demands for industrial automation and the necessity for precise regulation in sectors such as oil & gas, water treatment , and manufacturing. Technological advancements and a focus on efficiency are additionally propelling market expansion, fostering innovation and adoption.
The adoption of rotary valves in the control valve market share has surged due to their reputation for precise control and reliability. With diverse applications in industries such as oil and gas, chemicals, and power generation, their effective flow regulation capabilities and advancements in design and materials have propelled their widespread adoption and prominence in the market
The global market for control valves sized between 6 and 25 inches has experienced substantial growth, fueled by the expansion of industrial infrastructure, notably in energy, oil and gas, and water treatment sectors. This expansion is further propelled by rising automation demands and advancements in valve technology, serving diverse industrial needs across the world.
Control valves have seen significant expansion within the pulp and paper industry, serving as essential tools for regulating fluid flow in manufacturing processes. This growth has been driven by automation advancements, efficiency requirements, and environmental standards. As production optimization and waste reduction gain importance, control valves have become indispensable, ensuring the efficient and productive operation of pulp and paper mills..
The control valve industry in the Asia Pacific region has experienced notable expansion attributed to industrial growth, infrastructure development, and heightened demand for process automation across key sectors such as oil & gas, power generation, and water treatment. Technological advancements and the integration of smart valve solutions have been instrumental in driving this upward trajectory. This trend is poised to persist as industries prioritize augmenting operational efficiency, reliability, and safety standards.
Control Valve Market by Region
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The Control Valve Companies players have implemented various organic and inorganic growth strategies, such as product launches, collaborations, partnerships, and acquisitions, to strengthen their offerings in the market.
The study includes an in-depth competitive analysis of these key players in the Control Valve market share with their company profiles, recent developments, and key market strategies.
By Component, By Material, By Type, By Size By Industry and By Region
North America, Asia Pacific, Europe, and the Rest of the World
Christian Bürkert GmbH & Co. KG (Germany), Emerson Electric Co. (US), Flowserve Corporation (US), IMI (UK), Curtiss-Wright Corporation (US), Valmet (Finland), SLB (US), Spirax Sarco Limited (US), Crane Company (US), KITZ Corporation (Japan)and a total of 25 players covered
This report has segmented the Control valve market based on Offerings, Component and Industry and Region.
What will the size of the Control Valve market be in 2024?
The Control Valve market will be valued at USD 10.0 billion in 2024.
What CAGR will be recorded for the Control Valve market share from 2024 to 2029?
The global Control Valve market is expected to record a CAGR of 5.4% from 2024 to 2029.
Who are the top players in the Control Valve market share?
The significant vendors operating in the Control Valve market include Emerson Electric Co. (US), Flowserve Corporation (US), IMI (UK), Curtiss-Wright Corporation (US), Valmet (Finland), SLB (US), Spirax Sarco Limited (US), Crane Company (US), KITZ Corporation (Japan) and among others.
Which significant countries are considered in the Asia Pacific region?
The report includes an analysis of China, Japan, India, and the rest of the Asia Pacific region.
Which Type have been considered in the Control Valve market?
Rotary Valves and Linear Valves are considered in the market study.
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The study involves four significant activities for estimating the size of the Control valve market. Exhaustive secondary research has been conducted to collect information related to the market. The next step is to validate these findings and assumptions related to the market size with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the Control valve market. After that, market breakdown and data triangulation procedures were used to determine the extent of different segments and subsegments of the market.
Secondary sources for this research study included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications, articles by recognized authors; directories; and databases. The secondary data has been collected and analyzed to determine the overall market size, further validated through primary research.
Extensive primary research has been conducted after gaining knowledge about the current scenario of the Control valve market through secondary research. Several primary interviews have been conducted with experts from the supply and demand sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data has been collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
In the complete market engineering process, top-down and bottom-up approaches and several data triangulation methods have been implemented to estimate and validate the size of the Control valve market and other dependent submarkets listed in this report.
After arriving at the overall market size, the total market has been split into several segments. The market breakdown and data triangulation procedures have been employed wherever applicable to complete the overall market engineering process and arrive at exact statistics for all segments. The data was then triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
A valve is a mechanical device that regulates the flow of liquid or gas in a process stream. A control valve is a device that uses an actuator to provide power for flow control. It is the most common final control element used in process industries to automatically regulate the pressure and flow rate of media (flowing gas, steam, water, or chemical compounds) within the required operating range. Control valves are vital when reliability and productivity are the primary objectives. The use of control valves helps prevent revenue loss due to leakages. Hence, these valves are an integral part of every industrial process. Varieties of valves, such as ball valves, butterfly valves, plug valves, and globe valves, are available in the market. Ball and globe valves are the most widely used valves in several end-user industries, such as oil & gas, energy & power, and water & wastewater treatment. The key players operating in this market are Christian Bürkert GmbH & Co. KG (Germany), Emerson Electric Co. (US), Flowserve Corporation (US), IMI (UK), Curtiss-Wright Corporation (US), Valmet (Finland), SLB (US), Spirax Sarco Limited (US), Crane Company (US), KITZ Corporation (Japan).
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for this report:
We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.
We would like to know market size, industry trends, and industry players information operating into 6" to 60" Control Flow Valves business used for liquids, cryogenics, gasses, and steam applications.
Dose this report contains shipments for different valve sizes, specially for liquid applications?
As I am focusing on solenoid valves, angle seat valves, media separated valves. I want to know weather it is part of the market mentioned in this report and what all details I would able to extract from your report.
I am interesting to get complete report of Control Valve Market, but I want more specific data on actuators and European countries.
I am interested for market sizing of solenoid valves, angle seat valves, media separated valves for North America region. Specifically US and Canada
Dose this report covers middle east countries market size in detail? We would like to understand oil & gas market of control valve for all middle east countries.
Do you provide excel version of the underlying data used in the report? We would like to understand methodology of the report and scope of control valves?
I would like to see a summary of the control valves report. We are into global market, we want to understand futuristic market and impact of IIOT on control valve business.
We intend to invest in production of control valves for oil & gas industries. Need to collect some information about control valve markets locally and internationally. What all you can provide us?
Could you please mention what is included in this category. We are more intrested into pressure relief valves, hydronic heating valves and respective global market size?
We would like to have a better understanding of the valves sold around the US and specifically in Texas. What information you can provide for the same.
dose this report includes shipments for rotary and linear control valves? We need to understand technological shift happening into this market.
I am really looking for Marketing research on the the usage of Rotary Valves in the NAFTA region, market size, competitors, products offerings. Is it covered in your report?
I am looking for information on global USD market volume of Butterfly Valves and tripple eccentric valves. Do you have any seprate report for the same.
Mostly interested in Actuators, Valve Body and Diaphragm Valves (Sanitary/Hygienic Valves) specifically US, Europe and Asia Pacific region. What granularity is covered into the report?
we are planning to enter into APAC market for control valve business, we want to understand APAC market trend, industry players strategies, and rules & regulation into this region. Dose report include all these?
I am working in industrial and control valves business, I need to understand the scope difference between industrial valve and control valve reports. I would like to see sample and research methodology behind both the reports.
I am more intrested in actuators used along with control valves. I would like to know market size of various actuators types by industries.
we are more keen to know European valve market particularly for Power and Steam Conditioning applications. In addition, looking for brief about valve business with deep dive on Control Valves.
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Markets and Markets research pvt ltd. (Apr, 2024 ). Control Valve Market by Material (Stainless Steel, Cast Iron, Cryogenic, Alloy Based), Component (Actuators, Valve Body), Size, Type (Rotary, Linear), Industry (Oil & Gas, Water & Wastewater, Energy & Power, Chemicals) & Region - Global Forecast to 2029 MarketsandMarkets. Retrieved Nov 6, 2024, from https://www.marketsandmarkets.com/Market-Reports/control-valves-market-111759647.html
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