Global Control Valves Market Size Study, by Component, by Size, by Product, by Application, and Regional Forecasts 2022-2032

Description

The Global Control Valves Market was valued at USD 6.94 billion in 2023 and is anticipated to witness a robust compound annual growth rate (CAGR) of 9.4% over the forecast period 2024-2032. This market is primarily driven by the rising demand from critical end-use sectors such as water and wastewater treatment, oil and gas, and the energy and power industries. Furthermore, the increasing adoption of industrial automation across these industries is propelling the growth of smart control valves, which are gaining prominence due to their ability to optimize operational efficiency and enhance system control. The growing number of power generation plants globally and the surging need for energy, particularly from developing economies, are key factors contributing to the increasing demand for control valves.

The market is also benefiting from the growing oil and gas exploration activities across regions like the Middle East & Africa, North America, and China. These valves, especially in offshore and onshore oil production, play a crucial role in controlling not only the flow of fluids but also regulating their volume, direction, and pressure, which ensures operational safety and efficiency in these complex environments. Furthermore, stringent regulations aimed at reducing emissions are fostering the replacement of traditional valves with modern, energy-efficient alternatives. For instance, the U.S. Environmental Protection Agency (EPA) has set regulations to promote the use of electric actuators over pneumatic devices to mitigate greenhouse gas emissions.

Advancements in digitalization and automation within conventional plants are further driving the demand for advanced control valves. Control valves equipped with digital intelligence form an integral part of modern plant asset management strategies, allowing operators to monitor and optimize performance in real time. Leading manufacturers are heavily investing in research and development activities to keep pace with the evolving demands of various industries, particularly in the wake of rising environmental and economic pressures.

The Asia Pacific region dominated the market in 2022, accounting for the largest share of revenue, and is expected to continue growing at the fastest CAGR throughout the forecast period. The region's rapid industrialization, particularly in China and India, and increasing demand for automated systems across various industries are boosting the market. North America is also projected to experience steady growth, driven by technological advancements and the rising trend of process automation in the energy, water, and wastewater sectors.

Major market players included in this report are:

Emerson Electric Co.
Flowserve Corporation
IMI plc
Alfa Laval AB
AVK Holding A/S
Eaton
Honeywell International, Inc.
Velan Inc.
Burkert Fluid Control System
Valvitalia SpA
CIRCOR International, Inc.
Archer Aviation Inc.
Spirax Sarco
Aquana
Chart Industries

The detailed segments and sub-segments of the market are explained below:

By Component:

Valve Body
Actuators
Others

By Size:

Less than 1
Between 1 to 6
Between 6 to 25
Between 25 to 50
More than 50

By Product:

Linear
Gate
Diaphragm
Others
Rotary
Ball
Butterfly
Plug

By Application:

Oil & Gas
Chemicals
Energy & Power
Water & Wastewater Treatment
Food & Beverages
Pharmaceuticals
Others

By Region

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical Year - 2022
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Control Valves Market Executive Summary

1.1. Global Control Valves Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Component
- 1.3.2. By Size
- 1.3.3. By Product
- 1.3.4. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Control Valves Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply-Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand-Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Control Valves Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Industrial Automation
- 3.1.2. Demand from Oil & Gas and Power Sectors
3.2. Market Challenges
- 3.2.1. High Initial Costs
3.3. Market Opportunities
- 3.3.1. Growing Trend of Digitalization in Industries
- 3.3.2. Increasing Focus on Energy Efficiency and Emission Reduction

Chapter 4. Global Control Valves Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Control Valves Market Size & Forecasts by Component 2022-2032

5.1. Segment Dashboard
5.2. Global Control Valves Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Valve Body
- 5.2.2. Actuators
- 5.2.3. Others

Chapter 6. Global Control Valves Market Size & Forecasts by Size 2022-2032

6.1. Segment Dashboard
6.2. Global Control Valves Market: Size Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Less than 1
- 6.2.2. Between 1 to 6
- 6.2.3. Between 6 to 25
- 6.2.4. Between 25 to 50
- 6.2.5. More than 50

Chapter 7. Global Control Valves Market Size & Forecasts by Product 2022-2032

7.1. Segment Dashboard
7.2. Global Control Valves Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Linear
- 7.2.2. Rotary

Chapter 8. Global Control Valves Market Size & Forecasts by Application 2022-2032

8.1. Segment Dashboard
8.2. Global Control Valves Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Oil & Gas
- 8.2.2. Chemicals
- 8.2.3. Energy & Power
- 8.2.4. Water & Wastewater Treatment
- 8.2.5. Food & Beverages
- 8.2.6. Pharmaceuticals
- 8.2.7. Others

Chapter 9. Global Control Valves Market Size & Forecasts by Region 2022-2032

9.1. North America Control Valves Market
- 9.1.1. U.S. Control Valves Market
  - 9.1.1.1. Component breakdown size & forecasts, 2022-2032
  - 9.1.1.2. Application breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Control Valves Market
9.2. Europe Control Valves Market
- 9.2.1. UK Control Valves Market
- 9.2.2. Germany Control Valves Market
- 9.2.3. France Control Valves Market
- 9.2.4. Spain Control Valves Market
- 9.2.5. Italy Control Valves Market
- 9.2.6. Rest of Europe Control Valves Market
9.3. Asia-Pacific Control Valves Market
- 9.3.1. China Control Valves Market
- 9.3.2. India Control Valves Market
- 9.3.3. Japan Control Valves Market
- 9.3.4. Australia Control Valves Market
- 9.3.5. South Korea Control Valves Market
- 9.3.6. Rest of Asia Pacific Control Valves Market
9.4. Latin America Control Valves Market
- 9.4.1. Brazil Control Valves Market
- 9.4.2. Mexico Control Valves Market
- 9.4.3. Rest of Latin America Control Valves Market
9.5. Middle East & Africa Control Valves Market
- 9.5.1. Saudi Arabia Control Valves Market
- 9.5.2. South Africa Control Valves Market
- 9.5.3. Rest of Middle East & Africa Control Valves Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Emerson Electric Co.
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Market Strategies
- 10.3.2. Flowserve Corporation
- 10.3.3. IMI plc
- 10.3.4. Alfa Laval AB
- 10.3.5. AVK Holding A/S
- 10.3.6. Eaton
- 10.3.7. Honeywell International, Inc.
- 10.3.8. Velan Inc.
- 10.3.9. Burkert Fluid Control System
- 10.3.10. Valvitalia SpA
- 10.3.11. CIRCOR International, Inc.
- 10.3.12. Archer Aviation Inc.
- 10.3.13. Spirax Sarco
- 10.3.14. Aquana
- 10.3.15. Chart Industries

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes