Global Control Valve Market by Material, Component, Valve Size, Valve Type, Industry & Region - Forecast to 2025

Freitag, 18. Oktober 2019 15:59

Dublin, Oct. 18, 2019 (GLOBE NEWSWIRE) -- The "Control Valve Market by Material, Component (Actuators, Valve Body), Valve Size, Valve Type (Rotary and Linear), Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Chemicals), and Region - Global Forecast to 2025" report has been added to's offering.

The control valve market is estimated to grow from USD 8 billion in 2019 to USD 11.3 billion by 2025, at a CAGR of 5.9% during the forecast period.

Rising demand for energy in APAC, increasing adoption of valves in oil and gas production-related firms in GCC countries, growing need for the connected network to maintain and monitor various equipment in plants, and surging focus on establishing new nuclear plants and upscaling of existing ones are the key driving factors for the control valve market.

Use of 3D printing in manufacturing valves, the introduction of IIoT & industry 4.0, the need for replacement, adoption of smart valves, and the focus of valve manufacturers to offer improved customer service are among the other factors fueling the growth of the control valve market. However, high fabrication costs and a rise in collaboration among industry players can hinder the growth of the control valve market.

Burkert Fluid Control Systems (Germany), Emerson (US), Flowserve (US), IMI plc (UK), Curtiss Wright (US), Trillium Flow Technologies (Weir Group) (US), Cameron - Schlumberger (US), Spirax Sarco (UK), Crane Co. (US), KITZ Corporation (Japan) are among the major players in the control valve market.

Actuators to account for the largest market size from 2019 to 2025

The control valve market, based on components, has been segmented into the valve body, actuators, and others (IPC connectors and positioners). Actuators are expected to account for the largest share of the control valve market during the forecast period. This can be attributed to the increasing use of actuators in the oil & gas, energy & power, metals & mining industries; actuators are installed in industrial locations that are not easily accessible by humans, and actuators can provide uninterrupted and reliable services during the operation of the valves.

Rotary control valves to account for the largest market size during the forecast period

Rotary control valves are expected to hold a larger share of the control valve market during the forecast period. Rotary valves are less prone to clogging in dirty service applications, and through the stem packing, emissions can be controlled effortlessly, without using costly bellows seals. Moreover, lighter weight and smaller size of rotary valves contribute to the continually increasing demand for these valves.

APAC is expected to record the highest growth rate during the forecast period

APAC is expected to record the highest growth rate during the forecast period. Rapid population growth and urbanization in developing economies, such as China, Japan, South Korea, and India have prompted speedy development of several industries, such as energy & power, water & wastewater treatment, construction, chemicals, pharmaceuticals, and oil & gas, which, in turn, will upsurge the demand for control valves.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in Control Valve Market
4.2 Market, By Material
4.3 Market, By Component
4.4 Market, By Type
4.5 Market, By Size
4.6 Market in APAC, By Country and Industry
4.7 Market, By Country (2025)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Rising Demand for Energy in APAC Increasing Adoption of Valves By Oil and Gas Production-Related Firms in GCC Countries Growing Need for Connected Networks to Maintain and Monitor Various Equipment in Plants Surging Focus on Establishing New Nuclear Power Plants and Upscaling of Existing Ones
5.2.2 Restraints Lack of Standardized Certifications and Government Policies
5.2.3 Opportunities Use of 3D Printing in Manufacturing Valves Introduction of IIoT and Industry 4.0 Need for Valve Replacement and Adoption of Smart Valves Focus of Valve Manufacturers to Offer Improved Customer Services
5.2.4 Challenges High Fabrication Cost Rise in Collaboration Among Industry Players Unplanned Downtime Due to Malfunctioning or Failure of Valves

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Consumer Buying Process
6.3.1 Online Valve Purchase Trend is Expected to Disrupt Traditional Consumer Buying Process of Valve Industry
6.4 Industry Trends
6.4.1 Impact of IoT on Control Valve Market
6.4.2 3D Printing

7 Control Valve Market, By Material
7.1 Introduction
7.2 Stainless Steel
7.2.1 Demand for Stainless Steel Control Valves is Likely to Upsurge During Forecast Period
7.3 Cast Iron
7.3.1 Cast-Iron Control Valves to Continue to Account for Second-Largest Market Size Owing to Its Wide Use in Water & Wastewater Treatment and Hydroelectric Power Plants
7.4 Alloy Based
7.4.1 Market for Alloy-Based Valves to Grow at A Significant Rate in Coming Years
7.5 Cryogenic
7.5.1 Cryogenic Valves are Expected to Continue to Hold Third-Largest Market Share Owing to Its Rising Use in Oil & Gas Industry
7.6 Others
7.6.1 Brass
7.6.2 Bronze
7.6.3 Plastic

8 Control Valve Market, By Component
8.1 Introduction
8.2 Actuators
8.2.1 Actuators to Dominate Market Based on Components During 2019-2025
8.3 Valve Body
8.3.1 Valve Body Acts as Main Control Center
8.4 Others

9 Control Valve Market, By Size
9.1 Introduction
9.2 Up to 1
9.2.1 Control Valves Sized Up to 1" to Exhibit Highest CAGR During Forecast Period
9.3 >1 to 6
9.3.1 >1"-6" Control Valves are Widely Used in Critical Industries Such as Oil & Gas and Chemicals
9.4 >6 to 25
9.4.1 >6"-25" to Account for Largest Market Share During Forecast Period
9.5 >25 to 50
9.5.1 Chemicals, Pharmaceuticals, and Energy & Power are Key Industries That Use Control Valves Sized >25"-50"
9.6 >50
9.6.1 Control Valves Sized >50" to Accelerate the Market for Oil & Gas, Power, and Petrochemicals Industries

10 Control Valve Market, By Type
10.1 Introduction
10.2 Rotary Valves
10.2.1 Ball Valves Ball Valves to Continue to Account for Largest Size of Rotary Market During Forecast Period
10.2.2 Butterfly Valves Butterfly Valves Account for Significant Market Share Owing to Their Reliable Field Operations, Tight Shut-Off, and Precise Control
10.2.3 Plug Valves Market for Plug Valves Expected to Witness Substantial Growth in Next Few Years
10.3 Linear Valves
10.3.1 Gate Valves Gate Valve to Hold Largest Market Size Owing to Their Capability to Meet Demands of A Wide Range of Pressure and Temperature Conditions
10.3.2 Diaphragm Valves Diaphragm Valves Expected to Witness Highest CAGR in Linear Market During Forecast Period
10.3.3 Other Valves

11 Control Valve Market, By Industry
11.1 Introduction
11.2 Oil & Gas
11.2.1 Oil & Gas Industry to Continue to Hold Largest Size of Market During Forecast Period
11.3 Water & Wastewater Treatment
11.3.1 Modification in Older Water Infrastructure Expected to Augment Demand for Control Valves in Next Few Years
11.4 Energy & Power
11.4.1 Increasing Need for Energy in Developing Countries is Expected to Accelerate Demand for Control Valves
11.5 Pharmaceuticals and Healthcare
11.5.1 North America to Drive Market for Pharmaceuticals and Healthcare Industry
11.6 Food & Beverages
11.6.1 Food & Beverages Industry to Witness Significant Growth in Market During Forecast Period
11.7 Chemicals
11.7.1 Control Valves are Adopted in Chemicals Industry as They Meet Most Stringent Protection Requirements and Standards
11.8 Building & Construction
11.8.1 Building & Construction Industry is Expected to Witness Significant Growth Owing to Rapid Urbanization and High Focus on Smart Infrastructure Projects
11.9 Pulp & Paper
11.9.1 Europe Expected to Be Fastest-Growing Region Market for Pulp & Paper Industry
11.10 Metals & Mining
11.10.1 APAC to Dominate Market for Metals & Mining Industry
11.11 Others

12 Geographic Analysis
12.1 Introduction
12.2 North America
12.2.1 US Aging Water & Wastewater Infrastructure in US Generates Demand for Hybrid Valves
12.2.2 Canada Upcoming Investments in Natural Gas Projects Would Augment Canadian Market Growth in Next Few Years
12.2.3 Mexico Uptrend in the Water & Wastewater Treatment Industry Expected to Drive Market in Mexico During the Forecast Period
12.3 Europe
12.3.1 UK Prominence of Water Industry in UK Will Propel Demand for Control Valves Market
12.3.2 Germany Germany Holds Second-Largest Share of European Market at Present
12.3.3 France Energy & Power Sector Expected to Drive Market in France
12.3.4 Italy Italian Market Will Be Driven By Upcoming Investments in Water & Wastewater Treatment Industry
12.3.5 Rest of Europe
12.4 Asia Pacific (APAC)
12.4.1 China Market in China Will Be Driven By Growing Demand From Energy & Power, Oil & Gas Sectors
12.4.2 Japan Investment in Renewable Energy Sources and Power Generation in Japan Will Increase Demand for Control Valves
12.4.3 South Korea Chemicals Industry to Witness High Demand for Control Valves to Ensure Highest Level of Hygienic Processing
12.4.4 India India Would Be Fastest-Growing Country Market in APAC
12.4.5 Rest of APAC
12.5 Rest of the World (RoW)
12.5.1 Middle East Middle East to Hold Largest Share Market in RoW During Forecast Period
12.5.2 South America Growing Oil & Gas Industry Will Drive Market Growth in South American Countries
12.5.3 Africa Investments in Water & Power Industries Drive Market in Africa

13 Competitive Landscape
13.1 Overview
13.2 Competitive Scenario
13.2.1 Product Developments/Launches
13.2.2 Partnerships, Mergers and Acquisitions, and Expansions
13.3 Competitive Leadership Mapping
13.3.1 Visionary Leaders
13.3.2 Innovators
13.3.3 Dynamic Differentiators
13.3.4 Emerging Companies

14 Company Profiles
14.1 Introduction
14.2 Key Players
14.2.1 Burkert Fluid Control Systems
14.2.2 Emerson
14.2.3 Flowserve Corporation
14.2.4 IMI PLC
14.2.5 Curtiss-Wright Corporation
14.2.6 Trillium Flow Technologies (Weir Flow Control)
14.2.7 Cameron - (Schlumberger Company)
14.2.8 Spirax Sarco
14.2.9 Crane Co.
14.2.10 Kitz Corporation
14.3 Other Important Players
14.3.1 Samson Controls
14.3.2 Metso Corporation
14.3.3 Neway Valve Co.
14.3.4 Alfa Laval
14.3.5 Velan Inc.
14.3.6 AVK Holding A/S
14.3.7 Avcon Controls
14.3.8 Ham-Let
14.3.9 Dwyer Instruments
14.3.10 Apollo Valves
14.3.11 Swagelok

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