Control Valve Market Size: 2020 Trends, Application, Region, Segmentation and Revenue Analysis

Market Analysis

Control Valve Market Size is Projected to Witness 5.99% CAGR by 2025, reveals the latest Market Research Future (MRFR) report. A control valve comprises of a valve, an actuator, and a controller that helps to modulate flow at different degrees between full capacity and minimal flow in response to signals from the external control device. These valves are frequently used in different areas to control the flow, direction, volume, liquid level, or pressure. Control valves work by opening or closing either partially or fully, after receiving signals from the controllers.

Various factors are pushing the growth of the Control Valve Market Size. These factors, in accordance to the Market Research Future (MRFR) report, include growing need for connected networks to monitor/maintain various equipment in plants, commissioning of numerous new nuclear plants, and upscaling of existing nuclear plants. Additional factors pushing the market growth include increasing adoption of industrial automation, growing demand from various end-use industries namely energy & power, oil & gas, and water & wastewater treatment and, increasing investments in water infrastructure and electricity generation.

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Key Players

Some of the major players in Control Valve Market Size includes Burkert Fluid Control Systems (Germany), Crane Co. (U.S.), Velan, Inc. (Canada), Pentair Limited (UK), Flowserve Corporation (U.S.), Dual Products Intl. Cc (South Africa), Metso Corporation (Finland), Samson AG (Germany), MIL Control Limited (India), and IMI Plc. (UK) among others.

Control Valve Global Market - Segmentation

The Market Research Future report offers a wide segmental analysis of the control valve market on the basis of type, component, end users, and valve size.

Based on type, the control valve market is segmented into the diaphragm valve, piston valve, plug valve, gate valve, butterfly valve, and ball valve. Of these, the plug valves segment will have the largest share in the market over the forecast period. It is predicted to grow at the highest CAGR due to increasing demand for control valves from chemical companies in Europe and the Asia Pacific to control the flow of corrosive gases, the flow of slurry, and flow of corrosive acidic liquids, and alkaline liquids.

Based on the component, the control valve market is segmented into actuators, valve body, and others. Of these, the actuators segment will dominate the market over the forecast period. It is predicted to grow at the highest CAGR due to the burgeoning demand for pneumatic actuators.

Based on end users, the control valve market is segmented into pharmaceuticals, construction, chemicals, food & beverages, water & wastewater treatment, energy & power, oil & gas, and others. Of these, the oil & gas segment will lead the market over the forecast period as control valves are widely used to control the pressure, the temperature, and the flow rate of various oils & gases.

Based on valve size, the control valve market is segmented into less than 1”, 1”-6”, 6”-25”, 25”-50” and greater than 50”. Of these, the 6”-25” valve size segment will have the maximum share in the market over the forecast period.

Control Valve Global Market - Regional Analysis

Based on the region, the control valve market report covers growth opportunities and the latest trends across the Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW). Of these, Asia Pacific will have the largest share in the market over the forecast period. This is owing to high investments made for infrastructure development in oil and gas and energy and power industries in India and China and rapid growth in process manufacturing in Asian economies.

The control valve market in North America will have a significant share over the forecast period. This is owing to increasing activities in oil and gas industries, exploration of shale gas reserves, and rapid adoption of the latest technologies in the region.

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TABLE OF CONTENTS

LIST OF TABLES

Table 1 Global Market, By Type

Table 2 Global Market, By Component

Table 3 Global Market, By End-User

Table 4 Global Market, By Regions

Table 5 North America Market, By Type

Table 6 North America Market, By Components

Table 7 North America Market, By End-User

Table 8 U.S. Market, By Type

Table 9 U.S. Market, By Component

Continued…

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