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The global control valves market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
A control valve is a mechanical device that is used to regulate the flow of a liquid or gas through internal passages. It consists of a pneumatically or electrically operated actuator that is mounted on a valve for modulating the flow. Some of the most common types of control valves include ball, butterfly, plug, gate and diaphragm valves that can automatically adjust the pressure, flow rate, density, temperature and concentration of the product. They are usually integrated with various accessories, such as electro-pneumatic transducers, handwheels, position indicators and limit switches and find extensive applications across multiple industries, including oil and gas, water and wastewater treatment, power, pharmaceutical and chemical.
The continually increasing demand for oil and gas from the industrial, transportation and residential sectors is the primary factor driving the market growth. Furthermore, increasing consumer preference for stainless steel product variants is also providing a boost to the market growth. Control valves further find extensive application in the food and beverage and chemical industries as they aid in minimizing contamination while handling steam, along with exhibiting resistance to abrasion and corrosion, and effective functionality even under high pressure and temperatures. Additionally, various technological advancements, such as the integration of these valves with the Industrial Internet of Things (IIoT) and the development of 3D printed valves, are creating a positive outlook for the market growth. Other factors, including extensive research and development (R&D) undertaken by manufacturers and key industry players to continually launch product variants in accordance with the changing needs of various industries, are expected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global control valves market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on type, size, technology, component, material and end-use industry.
Breakup by Type:
Breakup by Size:
Breakup by Technology:
Breakup by Component:
Breakup by Material:
Breakup by End-Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined with some of the key players being Burkert Fluid Control Systems, Curtiss-Wright Corporation, Emerson, Flowserve Corporation, Honeywell International, IMI PLC., Kitz Corporation, Samson AG, Spirax Sarco, Valvitalia SpA, Velan Inc., etc.
|Base Year of the Analysis||2020|
|Segment Coverage||Type, Size, Technology, Component, Material, End-Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Burkert Fluid Control Systems, Curtiss-Wright Corporation, Emerson, Flowserve Corporation, Honeywell International, IMI PLC., Kitz Corporation, Samson AG, Spirax Sarco, Valvitalia SpA and Velan Inc.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
According to the estimates by IMARC Group, the global control valves market is expected to witness a CAGR of 5% during 2021-2026.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units of control valves.
The increasing demand for oil and gas across the industrial, transportation and residential sectors, along with growing consumer preferences for stainless steel-based valves, represent some of the key drivers for the global control valves market.
Extensive research and development (R&D) activities undertaken by numerous key industry players for launch of innovative product variants represent one of the key trends in the global control valves market.
On the basis of the type, the market has been bifurcated into rotary valves and liner valves. Currently, liner valves hold the majority of the total market share.
On the basis of the size, the market has been divided into up to 1", >1" to 7", >7" to 25", >25" to 50", and >50" and above. At present, >1" to 7" sized valve exhibits a clear dominance in the market.
On the basis of the technology, the market has been segregated into electric, hydraulic, manual, and pneumatic. Currently, pneumatic dominates the global market.
On the basis of the component, the market has been bifurcated into actuators, valve body, and others. Currently, actuators hold the majority of the total market share.
On the basis of the end-use industry, the market has been segmented into oil & gas, water & wastewater treatment, energy & power, pharmaceutical & healthcare, chemicals, building & construction, and others. At present, the oil & gas sector exhibits a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific dominates the global market.
The key companies in the global control valves market are Burkert Fluid Control Systems, Curtiss-Wright Corporation, Emerson, Flowserve Corporation, Honeywell International, IMI PLC., Kitz Corporation, Samson AG, Spirax Sarco, Valvitalia SpA, Velan Inc., etc.
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