The market for Control Valves Market is expected to reach USD$ 14.5 Bn in 2025.
Control valves are regarded as being among the most integral parts of various manufacturing and process industries. Features such as effective flow rate control and consequential control of process quantities such as temperature, pressure, and fluid level make them highly essential for carrying out industrial processes seamlessly. Control valves are widely used in industries such as oil and gas, power generation, food and beverage, chemicals, and automotive, among others. The importance of control valves across the process industry can be understood by the fact that they play a crucial role in increasing process safety, efficiency, and profitability. Research and development activities on the part of control valve manufacturers have become increasingly important in order to adhere to the changing requirements of various industries.
The growing demand for control valves, especially from the oil and gas industry, is expected to drive the control valves market in the coming years. Control valves have many applications in the oil and gas industry and are used widely in each upstream, midstream, and downstream activities. Moreover, the increase in automation across the process industry is another important factor propelling the demand for control valves. The gradual rise of industrial infrastructure projects is further expected to have a positive impact on the control valves market's growth. Developing countries, in particular, have witnessed an increase in infrastructural projects in the recent past, and the trend is likely to continue in the coming years.
The report titled "Global Control Valves Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global control valve market along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of market segments based on product type, industry vertical, and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report includes a section providing insights into the key trends followed in the market.
The report also includes competitive profiling of the leading control valve vendors, their business strategy analysis, market positioning, and key developments to assist strategic decision-makers.Some of the major players profiled in the report are Emerson Electric Co., Metso Corporation, Velan, Inc., Pentair Plc., Flowserve Corporation, Samson AG, and MIL Control Limited, among others. Apart from the company profiles, the report includes a section covering the competitive landscape, wherein the market positioning of the companies is discussed. The section also provides an overview of the key business strategies employed by the leading market participants.
Overall, the research study provides a holistic view of the global control valves market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.
As of 2016, the overall control valve market is led by the power generation segment. The segment contributes to more than 25% of the total market revenue as of 2016. Countries such as India and China are expected to require additional energy in the coming years. In terms of revenue and volume, the power generation segment is followed by the oil and gas segments. Increased investment in the oil and gas sector is one of the primary factors driving the growth of the control valves market. Shale gas exploration activities in North America have further contributed to the growth of the oil and gas segment.
In the recent past, there has been a rising demand for the upgrading of wastewater management facilities as a result of increased focus on efficient and safe wastewater collection and disposal facilities. Moreover, the demand for control valves is anticipated to be robust in the pharmaceutical industry. Various pharmaceutical companies are investing in sophisticated fluid handling systems, which in turn is creating a demand for control valves. The automotive segment is expected to witness a high growth rate in the forecast period, mostly due to the growing demand for electric vehicles. Coolant flow control valves find application in electric vehicles for shutting off and regulating the coolant flow and also switching over coolant circuits.
North America
Europe
Asia Pacific
Rest of the World (RoW)
The global control valve market is dominated by the Asia-Pacific region. As of 2016, the region accounted for more than forty percent of the overall market revenue generated worldwide. The control valve market here is majorly attributed to increased hydrocarbon investment and investment in industrial infrastructural development projects in developing countries such as China and India. The region also houses some of the largest automobile companies.
Asia Pacific is expected to maintain its dominance throughout the forecast period, thanks chiefly to its huge automotive sector. Moreover, the region has also witnessed an increase in wastewater management activities in recent years. Asia Pacific is followed by the North American region, where the presence of a large number of oil and gas projects is contributing to the growth of the market. Moreover, the North American region has also witnessed an increase in shale gas exploration in the last few years.
The market for Control Valves Market is expected to reach USD$ 14.5 Bn in 2025.
The Control Valves Market is expected to see significant CAGR growth over the coming years, at XX%.
A- The report is forecasted From 2017-2025.
The base year of this report is 2016.
Emerson Electric Co., Metso Corporation, Velan, Inc., Pentair Plc. are some of the major players in the global market.