Control Valves Market (By Type: Pneumatic control valve, Hydraulic control valve, Electrical control valve; By Component: Valve body, Actuators, Others; By Product: Linear, Rotary; By Material: Stainless Steel, Cast Iron, Alloy Based, Cryogenic, Others; By Application: Electrical Power, Oil and Gas, Water &Waste-water Management, Automotive, Pharmaceuticals, Mining, Chemicals, Food & Beverage, Others (manufacturing, electronics, marine, pulp & paper, and textiles)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global control valves market size is expected to reach around US$ 13,400 Mn by 2027 and is anticipated to grow at a CAGR of around 6% in terms of revenue during the forecast period 2020 to 2027.

Increased performance, stability, and productivity of these process industries are powered by control valves. In addition, the manufacturers of control valves are actively involved in R&D research to improve the goods in accordance with rising market requirements.

Market Insights

The factors such as increasing adoption of control valves, especially in oil & gas industry is likely to drive the demand for control valves during forecast period. The control valves are commonly used in both upstream, midstream and downstream operations and are used for many applications in the petroleum & gas industry. Another important aspect in propelling the market for control valves is increased automation through the entire process industry. The steady rise in industrial infrastructure programs would also have a positive effect on the demand growth of control valves. In fact, in recent years, developing countries have seen a increase in infrastructure investments and in the future year the trend will possibly continue

Report coverage

The market research study on “Control Valves Market (By Type: Pneumatic control valve, Hydraulic control valve, Electrical control valve; By Product Type: Linear, Rotary; By Component: Valve body, Actuators, Others; By Material: Stainless Steel, Cast Iron, Alloy Based, Cryogenic, Others; By Application: Electrical Power, Oil and Gas, Water &Waste-water Management, Automotive, Pharmaceuticals, Mining, Chemicals, Food & Beverage, Others (manufacturing, electronics, marine, pulp & paper, and textiles)) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global control valves market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global control valves market are type, product, component, application, and major geographic regions. The control valves market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.

Asia Pacific is likely to dominate the global control valves market due to presence of developing countries such as China and India. Companies are spending significantly in the manufacture of valves and actuators as well as innovations to turn them into intelligent valves. It is due to rising demand in the soil, wastewater, food & beverage, energy & power and pharmaceutical sectors for automated valve operations. The second highest CAGR in Middle East & Africa over the projected period is predicted. Due to the overwhelming demand for the replacement of a truck from many of the successful initiatives in the region, the U.S. dominated the competition in North America. For instance, the U.S. and Canada have about 1,900 programs in existing plants needing valves to be removed and modified concurrently.

Key Players

A few major players are releasing remote valve maintenance application, in addition to product innovation and new launches, as technology advances quickly through business sectors. In addition to long-term supply deals with petroleum fields and mining firms, aggressive investments and partnerships will be a primary priority of industry participants. In addition, the participants are exploring potential underway natural gas extraction and export pipelines programs in the US, along with future mining ventures in China, India, Brazil and South Africa, in increasingly expanding markets. Major players included in this report AVK Holding A/S, Emerson Electric Co., Christian Bürkert GmbH & Co. KG, General Electric Company, Goodwin International Limited, KITZ Corporation, Rotork Plc, Velan Inc., Swagelok Company, Armstrong International Inc., Metso Corporation, IMI plc, Samson AG and others.

The global control valves market is segmented as below:

Market Segmentation

Control Valves Market By Type

• Pneumatic control valve
• Hydraulic control valve
• Electrical control valve

Control Valves Market By Component

• Valve body
• Actuators
• Others

Control Valves Market By Product

• Linear
• Rotary

Control Valves Market By Material

• Stainless Steel
• Cast Iron
• Alloy Based
• Cryogenic
• Others

Control Valves Market By Application

• Electrical Power, Oil and Gas
• Water &Waste-water Management
• Automotive, Pharmaceuticals
• Mining, Chemicals
• Food & Beverage
• Others (manufacturing, electronics, marine, pulp & paper, and textiles)

Control Valves Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa