Control valves are regarded 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 industrial processes seamlessly. Control valves are widely used in industries such as oil & gas, power generation, food & beverages, chemicals and automotive among others. The importance of control valves across the process industry can be understood from 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 & gas industry is expected to drive the control valves market in the coming years. Control valves have many applications in the oil & gas industry and are used widely in each of the upstream, midstream and downstream activities. Moreover, 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 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 valves market along with the market size and estimates for the duration 2015 to 2025. The said research study covers 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 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report includes a section providing insights on the key trends followed in the market.
In order to help strategic decision makers, the report also includes competitive profiling of the leading control valve vendors, their business strategy analysis, market positioning and key developments. 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 has been discussed. The section also provides a view of key business strategies adopted by the leading market players. Other in-depth analysis provided in the report includes:
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 valves 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. The power generation segment is followed by the oil & gas segments, in terms of revenue and volume. Increased investment in the oil & gas sector is one of the primary factors driving the growth of the control valves market. Shale gas exploration activities in North America has 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 increasing focus towards efficient and safe waste water collection and disposal facilities. Moreover, the demand for control valves is anticipated to be robust in the pharmaceutical industry. Various pharmaceutical companies are investing on sophisticated fluid handling systems which in turn is creating the 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.
The global control valves market is dominated by the Asia Pacific region. As of 2016, the region accounts for more than forty percent of the overall market revenue generated worldwide. The control valves market here is majorly attributed to an 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 the recent years. Asia Pacific is followed by the North America region where the presence of a large number of oil & gas projects is contributing to the growth of the market. Moreover, the North America region has also witnessed an increase in shale gas exploration in the last few years.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Control Valves market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
