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2020

Control Valve Market

Control Valve Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, Operation and Application : Global Opportunity Analysis and Industry Forecast, 2020-2027

CM : Engineering, Equipment and Machinery

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Author's: Amol Phoke| Amar Chinchane | Sonia Mutreja
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Control Valve Market Outlook - 2027

The Global Control Valve Market size was valued at $5,400.0 million in 2019, and is expected to reach $7,966.4 million by 2027, registering a CAGR of 7.0 % from 2020 to 2027. Control valves are used to regulate process variables, such as flow, temperature, pressure, and fluid level in  process industries including oil & gas, water management, chemicals, power generation, automotive, mining, pharmaceuticals, and food & beverages. Control valves play an important role in increasing efficiency, safety, and profitability of these process industries. Furthermore, manufacturers of control valves are constantly engaged in research and development activities to design their products in accordance with changing requirements in various industries. 

Control-Valve-Market-2020-2027

Market Dynamics

Rise in need for automation in the process industry is expected to garner growth for the control valve market. Moreover, increase in investments in the oil & gas industry and pharmaceutical infrastructure is projected to boost growth of the control valve market. For instance, India invested $118 billion for oil & gas exploration and is setting up  natural gas infrastructure to meet needs of oil & gas. In addition, demand for control valves in the food & beverages industry is expected to drive growth of the control valve market.

For instance, according to the India Brand Equity Foundation (IBEF), the food & beverages processing industry has emerged as a high-profit and high-growth sector, owing to its immense growth potential. Similarly, on the basis of data published by the USDA Foreign Agriculture Service, in February 2019, Brazil’s food processing industry was worth $179 billion during 2018.

Moreover, rise in number of industrial infrastructure projects in developing countries such as India and Japan are expected to supplement growth of the control valve market. For instance, in September 2020, the Spain government offered $226.2 million for renewable energy projects. However, competition from domestic manufacturers is anticipated to hamper growth of the control valve market. On the other hand, emerging countries such as India and China are focused on investing in hydrocarbons, which is projected to provide lucrative opportunities for market players in the control valve market. 

Control Valve Market
By Type
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Linear segment holds dominant position in 2019

The COVID-19 pandemic has forced many companies in the Global Control Valve Market to halt their business operations to comply with new government regulations for curbing the spread of COVID-19. This halt in operations directly impacts revenue flow of the global control valve market. In addition, there is a halt in providing raw materials to manufacturers of control valve products. However, demand for control valves for industries such as oil & gas and chemical projects is expected to increase during the forecast period. Hence, a halt in manufacturing activities and lockdowns for several months have affected the global control valve market, with slow recovery is anticipated during 2021. This is further projected to the re-opening of control valve industry at their full-scale capacities, which in turn, would aid the market to recover by the start of 2022. 

On the Basis of Type, The market is divided into linear and rotary. The linear segment is projected to have the highest revenue during the forecast period.

By Operation, the market is divided into pneumatic control valve, hydraulic control valve, and electrical control valve. The pneumatic control valve segment is projected to have the highest revenue in 2019.

By Application, the market is divided into electrical power, oil & gas, water & wastewater, automotive, pharmaceuticals, mining, chemicals, food & beverages, and others. The water & waste-water management segment is projected to have the highest revenue in 2019.

Region Wise, the Global Control Valve Market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Region wise.00, Asia-Pacific is expected to grow at the highest rate during the forecast period.  

Control Valve Market
By Operation
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Electrical control valve segment is expected to grow at a significant CAGR of 9.4%.

Competition Analysis

Key Companies Profiled in The Global Control Valve Market Report Includes

Crane Co., Alfa Laval Corporate AB, Emerson Electric Co., Flowserve Corporation, Schlumberger Ltd, Metso Corporation, KSB SE & Co. KGaA, KITZ Corporation, Samson Aktiengesellschaft, Velan Inc. 

The major players operating in the Global Control Valve Market have adopted key strategies such as product launch to strengthen their market outreach and sustain stiff competition in the market. For instance, in April 2018, Alfa Laval Corporate AB launched new Alfa ThinkTop V50, and V70 valve. It is best suitable for dairy, food, beverage, and pharmaceutical industries. It has features such as easy to set up, durable, and reliable. It has 24/7 support and can rotate 360 degrees. It can save 90% in cleaning agent costs.  

Control Valve Market
By Region
2027
Asia-pacific 
North America
Europe
LAMEA

Asia- Pacific is expected to grow at a highest rate during the forecast period.

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging control valve market trends and dynamics.  
  • In-depth market analysis is conducted by control valve market estimations for the key market segments between 2019 and 2027. 
  • Extensive analysis of the control valve market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global control valve market forecast analysis from 2020 to 2027 is included in the report.
  • The key market players within the control valve market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the control valve market.

Control Valve Market Report Highlights

Aspects Details
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By Type
  • Linear
  • Rotary
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By OPERATION
  • Pneumatic control valve
  • Hydraulic control valve
  • Electrical Control Valve
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By APPLICATION
  • Electrical Power
  • Oil & Gas
  • Water & Waste-water Management
  • Automotive
  • Pharmaceuticals
  • Mining
  • Chemicals
  • Food & beverages
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

Flowserve Corporation, Schlumberger Ltd., Alfa Laval Corporate AB, Velan Inc, KITZ Corporation, KSB SE & Co. KGaA, Metso Corporation., SAMSON AKTIENGESELLSCHAFT., Emerson Electric Co., Crane Co.

Analyst Review

The global control valves market is expected to possess potential growth potential during the forecast period. Growth in investments in the oil & gas industry boosts demand for control valves, which is projected to propel growth of the control valve market. For instance, the government of Germany invested around $9.27 billion in its oil & gas grid expansion. 

Moreover, high demand from North America is satisfied by major manufacturers of control valves located in China, Germany, and India, which has resulted in significant growth of the control valves market globally. In addition, the food & beverages processing industry have garnered high growth from developing countries including Brazil and India, which boosts demand for control valves. 

Many competitors in the control valve market adopted joint ventures as their key developmental strategy to expand their geographical foothold and upgrade their product technologies. For instance, in April 2017, Emerson acquired Pentair valves and Controls Limited, based in Schaffhausen, Switzerland. The company is engaged in manufacturing of valves such as gate valves, butterfly valves, and control valves.  The acquisition was done by $3.15 billion. The acquisition aimed to improve product portfolio of control valves and other products.
 

Author Name(s) : Amol Phoke| Amar Chinchane | Sonia Mutreja
Frequently Asked Questions?

The global control valve market size was $5,400.0 million in 2019 and is projected to reach $7,966.4 million in 2027, growing at a CAGR of 7.0% from 2020 to 2027.

The forecast period considered for the control valve market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.

The base year considered in the global control valve market is 2019.

The report for global control valve market doesn’t provides Value Chain Analysis, but if there is a requirement for the same, it could be added as an additional customization.

On the basis of application, the water & waste-water management segment is expected to be the most influencing segment growing in the global control valve market report.

Based on the type in 2019, the linear segment generated the highest revenue, accounting for 58.9% of the market, and is projected to grow at a CAGR of 6.1% from 2020 to 2027.

The report contains an exclusive company profile section, where the leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, and market dominance (in terms of revenue and volume sales).

The market value of the global control valve market is $4,962.6 million in 2020.

The key trending markets based on the operation, in the global control valve market, are the pneumatic control valve segment.

Increasing infrastructure development in emerging countries such as India, and China are anticipated to caters to the growth of the control valve market. For instance, China invested around $20 billion on a mega petrochemical project complex in Yantai, Shandong, China. Further Asia-Pacific region is the bio-pharmaceutical sector in Asia is growing rapidly, owing to large spending on life sciences, biotechnology, pharmaceuticals, and healthcare industry by the local governments. All such instances are projected to drives the growth of the control valve market during the forecast period.

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Control Valve Market

Global Opportunity Analysis and Industry Forecast, 2020-2027