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Control Valves Market Size, Growth, Share | Industry Trends 2022-2030

The global control valves market size is expected to be worth around US$ 21.80 billion by 2030, according to a new report by Vision Research Reports.

The global control valves market size was valued at US$ 10.1 billion in 2020 and is anticipated to grow at a CAGR of 8.5% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 21.80 Bn by 2030
Growth Rate CAGR of 8.5% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Component, Size, Product, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Emerson Electric Co.; Flowserve Corporation; IMI plc; Alfa Laval AB; AVK Holding A/S; Eaton; Honeywell International, Inc.; Velan; Inc., Burkert Fluid Control System; and Valvitalia SpA.

Growth Factors

Surging demand from industrial sectors such as energy & power, water & wastewater treatment, and oil & gas industry and growing adoption of industrial automation propelling the smart control valves market are fueling the demand for control valves. Additionally, rising demand for control valves in the pharmaceutical and food & beverages industries is expected to drive the market.

Increasing adoption of control valves is rising continuously owing to the benefits they offer in controlling temperature and pressure throughout the downstream, midstream, and upstream activities. Therefore, growing oil & gas exploration activities are triggering the demand for control valves.

By Valve Size Analysis

Some of the commonly available valve sizes are less than 1”, between 1” to 6”, between 6” to 25”, between 25” to 50”, and more than 50”. The market was dominated by valves with size ranging from 1” to 6” in 2017 owing to their extensive application in the chemical, pharmaceutical, and food & beverage industries.

By Product Analysis

Based on product, the market has been bifurcated into linear and rotary. Linear control valves have been further divided into gate, diaphragm, and others; whereas rotary types have been further segmented into ball, butterfly, and plug. The market is dominated by linear control valves, owing to their surging demand from end-use industries such as oil & gas chemicals and energy & power in developing economies.

By End-use Analysis

The oil & gas industry accounted for the leading share in the market owing to a wide application of control valves in natural gas generation, crude oil extraction, and refining processes.

Furthermore, the water & wastewater industry includes application processes, such as the supply of water for manufacturing purposes and the treatment of wastewater generated by industries. Across the globe, there are around 90,000 municipal wastewater plants that are expected to spend approximately USD 4.50 billion on valves by 2019, which is further expected to drive the market over the forecast period.

By Component Analysis

The actuator segment is expected to dominate the control valves market over the forecast period. This is the most important component in control valve architecture, as it makes valve operation automatic. One of the primary factors hindering the demand for these valves is the lack of common platforms such as Ethernet, Profibus, and Zigbee.

However, the demand for the valve body is also projected to increase at a similar growth rate over the forecast period. Moreover, stringent environmental regulations and increasing industrial automation in emerging economies are poised to spur the growth of the segment over the forecast period.

By Regional Analysis

Asia Pacific dominated the global market in 2020 owing to the presence of emerging economies such as China and India. Companies are investing heavily in valve and actuator manufacturing, along with technologies, which need to be associated to convert them into smart valves. This is due to the rising demand for automated valve operations in industries such as water & wastewater, food & beverage, energy & power, and pharmaceutical. The Middle East & Africa region is expected to witness a second-highest CAGR of 7% over the forecast period.

In North America, the U.S. dominated the market owing to excessive demand for valve replacement from a large number of active projects in the region. For instance, the U.S. and Canada currently have around 1,900 projects requiring valve replacement and simultaneous up-gradation in existing facilities. The region is estimated to witness a CAGR of 6% over the forecast period.

Key Players

Emerson Electric Co.; Flowserve Corporation; IMI plc; Alfa Laval AB; AVK Holding A/S; Eaton; Honeywell International, Inc.; Velan; Inc., Burkert Fluid Control System; and Valvitalia SpA.

Market Segmentation

  • By Component Type
    • Valve body
    • Actuators
    • Others
  • By Size Type
    • Less than 1”
    • Between 1” to 6”
    • Between 6” to 25”
    • Between 25” to 50”
    • More than 50”
  • By Product Type
    • Linear
      • Gate
      • Diaphragm
      • Others
    • Rotary
      • Ball
      • Butterfly
      • Plug
  • By End-use
    • Oil & Gas
    • Chemical
    • Energy & Power
    • Water & Wastewater
    • Food & Beverage
    • Pharmaceutical
    • Others (manufacturing, electronics, marine, pulp & paper, and textiles)
  • Regional
    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • The U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Russia
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Singapore
      • Australia
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • United Arab Emirates (U.A.E.)
      • South Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Product Type Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Control Valves Market, By Component Type

7.1.  Control Valves Market, by Component Type, 2021-2030

7.1.1.    Valve body

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Actuators

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Others

7.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Control Valves Market, By Size Type

8.1.  Control Valves Market, by Size Type, 2021-2030

8.1.1.    Less than 1”

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Between 1” to 6”

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Between 6” to 25”

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Between 25” to 50”

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    More than 50″

8.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Control Valves Market, By Product Type

9.1.  Control Valves Market, by Product Type, 2021-2030

9.1.1.    Linear

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Rotary

9.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Control Valves Market, By End-use

10.1.        Control Valves Market, by End-use, 2021-2030

10.1.1.  Oil & Gas

10.1.1.1.      Market Revenue and Forecast (2017-2030)

10.1.2.  Chemical

10.1.2.1.      Market Revenue and Forecast (2017-2030)

10.1.3.  Energy & Power

10.1.3.1.      Market Revenue and Forecast (2017-2030)

10.1.4.  Water & Wastewater

10.1.4.1.      Market Revenue and Forecast (2017-2030)

10.1.5.  Food & Beverage

10.1.5.1.      Market Revenue and Forecast (2017-2030)

10.1.6.  Pharmaceutical

10.1.6.1.      Market Revenue and Forecast (2017-2030)

10.1.7.  Others (manufacturing, electronics, marine, pulp & paper, and textiles)

10.1.7.1.      Market Revenue and Forecast (2017-2030)

Chapter 11.      Global Control Valves Market, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Component Type (2017-2030)

11.1.2.  Market Revenue and Forecast, by Size Type (2017-2030)

11.1.3.  Market Revenue and Forecast, by Product Type (2017-2030)

11.1.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.1.5.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.1.5.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.1.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.1.6.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.1.6.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.1.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Component Type (2017-2030)

11.2.2.  Market Revenue and Forecast, by Size Type (2017-2030)

11.2.3.  Market Revenue and Forecast, by Product Type (2017-2030)

11.2.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.2.5.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.2.5.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.2.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.2.6.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.2.6.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.2.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.2.7.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.2.7.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.2.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.2.8.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.2.8.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.2.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Component Type (2017-2030)

11.3.2.  Market Revenue and Forecast, by Size Type (2017-2030)

11.3.3.  Market Revenue and Forecast, by Product Type (2017-2030)

11.3.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.3.5.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.3.5.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.3.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.3.6.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.3.6.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.3.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.3.7.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.3.7.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.3.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.3.8.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.3.8.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.3.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Component Type (2017-2030)

11.4.2.  Market Revenue and Forecast, by Size Type (2017-2030)

11.4.3.  Market Revenue and Forecast, by Product Type (2017-2030)

11.4.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.4.5.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.4.5.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.4.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.4.6.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.4.6.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.4.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.4.7.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.4.7.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.4.7.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.4.8.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.4.8.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.4.8.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Component Type (2017-2030)

11.5.2.  Market Revenue and Forecast, by Size Type (2017-2030)

11.5.3.  Market Revenue and Forecast, by Product Type (2017-2030)

11.5.4.  Market Revenue and Forecast, by End-use (2017-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.5.5.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.5.5.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.5.5.4.      Market Revenue and Forecast, by End-use (2017-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Component Type (2017-2030)

11.5.6.2.      Market Revenue and Forecast, by Size Type (2017-2030)

11.5.6.3.      Market Revenue and Forecast, by Product Type (2017-2030)

11.5.6.4.      Market Revenue and Forecast, by End-use (2017-2030)

Chapter 12.  Company Profiles

12.1.              Emerson Electric Co

12.1.1.  Company Overview

12.1.2.  Component Type Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.              Flowserve Corporation

12.2.1.  Company Overview

12.2.2.  Component Type Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              IMI plc

12.3.1.  Company Overview

12.3.2.  Component Type Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              Alfa Laval AB

12.4.1.  Company Overview

12.4.2.  Component Type Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              AVK Holding A/S

12.5.1.  Company Overview

12.5.2.  Component Type Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              Eaton

12.6.1.  Company Overview

12.6.2.  Component Type Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.              Honeywell International, Inc

12.7.1.  Company Overview

12.7.2.  Component Type Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.              Velan, Inc

12.8.1.  Company Overview

12.8.2.  Component Type Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.              Burkert Fluid Control System

12.9.1.  Company Overview

12.9.2.  Component Type Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.           Valvitalia SpA

12.10.1.               Company Overview

12.10.2.               Component Type Offerings

12.10.3.               Financial Performance

12.10.4.               Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

14.2.              Glossary of Terms

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