Control Valve Market by Type, Component, Material, Technology, Industry

List of Tables

[182 Pages Report] The Control Valve Market size was estimated at USD 10.45 billion in 2023 and expected to reach USD 11.10 billion in 2024, at a CAGR 6.44% to reach USD 16.19 billion by 2030.

A control valve is a mechanical device which regulates the flow of liquids, gases, or a mixture of both through piping systems. This regulation helps manage the fluid that passes through the valve, thereby controlling process quantities such as temperature, pressure, and fluid level within various industrial applications. Control valves vary in design and function; some may open or close completely, while others may adjust fluid flow more precisely. They are crucial components in manufacturing and processing industries where the controlled delivery of materials is necessary for safety, efficiency, and successful operations. Control valves respond to signals from controllers and adjust accordingly to meet specified parameters, making them integral to automated processes. The global control valve market is growing significantly, driven by rising demand for industrial automation as businesses seek improved process efficiency to enhance productivity and reduce operational costs. In addition, an increasing emphasis on upgrading and expanding water infrastructure worldwide, further propels market growth. This focus is fueled by the need for efficient water management systems to support growing urban populations and to ensure sustainable water usage practices. However, the expansion of the control valve market is hindered by the complexity of its technology and the intensive maintenance that these valves require. The recent advancements in smart control valve technology offer significant market growth opportunities. These technologies enhance industrial processes' operational efficiency and responsiveness by integrating sophisticated sensors and real-time data analytics.

KEY MARKET STATISTICS
Base Year [2023]	USD 10.45 billion
Estimated Year [2024]	USD 11.10 billion
Forecast Year [2030]	USD 16.19 billion
CAGR (%)	6.44%

Regional Insights

The control valve market in the Americas is growing, driven by advancements in the oil and gas industry. This region, particularly the United States and Canada, features a high demand for energy and efficient energy infrastructure, fostering a strong need for control valves in pipeline operations and refineries. In addition, a growing push towards automating water and wastewater management systems has further propelled the market for control valves. The Asia-Pacific region is showcasing significant growth in the control valve market due to burgeoning industrial activities in countries, including China, India, and Japan. Increased investments in infrastructure, water & wastewater management, and energy sectors, coupled with rapid industrialization, are major driving forces behind this expansion. In addition, the shift towards automation and the adoption of smart technologies in manufacturing processes have further fueled the demand for control valves in the region. The EMEA region, particularly Europe, has a high demand for control valves due to ongoing investments in industrial automation and strict environmental regulations. The Middle East, heavily reliant on its substantial oil and gas sector, exhibits a demand for high-specification control valves designed to withstand the region's challenging environmental conditions. In Africa, the market is emerging, with growth driven by development in infrastructure and natural resource extraction industries.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Control Valve Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing industrial automation and process efficiency needs
- Growing focus on improving water infrastructure worldwide
- Rising regulatory policies focusing on environmental protection and emission control

Market Restraints
- High initial investment and economic fluctuation

Market Opportunities
- Ongoing advancements in smart control valve technologies
- Growing investments for Industry 4.0 worldwide

Market Challenges
- Technological complexity and maintenance

Market Segmentation Analysis
- Type: Growing use of rotary valves due to their adaptive capabilities in diverse conditions and end-use applications
- Industry: Increasing adoption in the chemical industry to precisely manage the flow of liquids and gases, ensuring safe and efficient chemical processes

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Control Valve Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Control Valve Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Comprehensive Overview of the Neles XH Metal-Seated Ball Valve for Industrial Applications

The Neles XH metal-seated ball valve, designed by Valmet Corporation, is engineered for durability and efficiency, serving a broad array of demanding industrial contexts such as chemical and petrochemical plants, oil and gas refining, and power generation. Featuring a modular build with low-friction trunnion bearings and a spring-loaded seat that maintains consistent contact with the ball surface, this valve supports high-pressure differentials and rigorous use cycles. According to Company Officials, the valve meets key industry specifications, including ISO 15848 for fugitive emissions, boosting reliability, minimizing maintenance downtime, and enhancing operational safety. [Published On: 2024-02-05]

Strategic Global Licensing Agreement Between Ampo Sociedad Cooperativa and Clarke Industrial Engineering Elevates Zero-Emission Valve Technology

Ampo Sociedad Cooperativa and Clarke Industrial Engineering, the innovator behind the Dilating Disk Valve technology, have documented an exclusive worldwide licensing agreement to expand the manufacturing, distribution, and servicing of Clarke's Dilating Disk Valves globally. This partnership aimed to broaden the deployment of this low-emission valve technology across various industries, including energy, chemical, and power sectors. [Published On: 2023-12-13]

Hawle Beteiligungsgesellschaft m.b.H. Acquires McWane India's Valve Division

Hawle Beteiligungsgesellschaft m.b.H., a global manufacturer of heavy-duty valves and fittings, has enhanced its market presence in India by acquiring the valve manufacturing division of McWane, Inc. in India. This strategic move aimed to capitalize on one of its vital growth markets. The acquisition included retaining the experienced team from McWane, Inc., ensuring a seamless transition and continued operations. [Published On: 2023-05-11]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Control Valve Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Control Valve Market, highlighting leading vendors and their innovative profiles. These include ALFA LAVAL Corporate AB, Ampo Sociedad Cooperativa, AVK Holding A/S, Bray International, Inc., CG Industrial Specialties Ltd., Christian Burkert GmbH & Co. KG, Crane Company, Curtiss-Wright Corporation, Emerson Electric Co., EVSCO Inc., Flowserve Corporation, Hawle Beteiligungsgesellschaft m.b.H., IMI PLC, Kitz Corporation, Metso Corporation, Neway Valve, Schlumberger Limited, Spirax-Sarco Engineering PLC, and Trillium Flow Technologies.

Market Segmentation & Coverage

This research report categorizes the Control Valve Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Linear Valve
  - Diaphragm Valve
  - Gate Valve

Rotary Valve
- Ball Valve
- Butterfly Valve
- Plug Valve

Component
- Actuators
- Valve Body

Material
- Alloy Based
- Brass
- Bronze
- Cast Iron
- Cryogenic
- Plastic
- Stainless Steel

Technology
- Electric Valves
- Hydraulic Valves
- Manual Valves
- Pneumatic Valves

Industry
- Building & Construction
- Chemicals
- Energy & Power
- Food & Beverages
- Metals & Mining
- Oil & Gas
- Pharmaceuticals & Healthcare
- Pulp & Paper
- Water & Wastewater Treatment

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-432CBFF6F343

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing industrial automation and process efficiency needs
  - 5.1.1.2. Growing focus on improving water infrastructure worldwide
  - 5.1.1.3. Rising regulatory policies focusing on environmental protection and emission control
- 5.1.2. Restraints
  - 5.1.2.1. High initial investment and economic fluctuation
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing advancements in smart control valve technologies
  - 5.1.3.2. Growing investments for Industry 4.0 worldwide
- 5.1.4. Challenges
  - 5.1.4.1. Technological complexity and maintenance
5.2. Market Segmentation Analysis
- 5.2.1. Type: Growing use of rotary valves due to their adaptive capabilities in diverse conditions and end-use applications
- 5.2.2. Industry: Increasing adoption in the chemical industry to precisely manage the flow of liquids and gases, ensuring safe and efficient chemical processes
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Control Valve Market, by Type

6.1. Introduction
6.2. Linear Valve
6.3. Rotary Valve

7. Control Valve Market, by Component

7.1. Introduction
7.2. Actuators
7.3. Valve Body

8. Control Valve Market, by Material

8.1. Introduction
8.2. Alloy Based
8.3. Brass
8.4. Bronze
8.5. Cast Iron
8.6. Cryogenic
8.7. Plastic
8.8. Stainless Steel

9. Control Valve Market, by Technology

9.1. Introduction
9.2. Electric Valves
9.3. Hydraulic Valves
9.4. Manual Valves
9.5. Pneumatic Valves

10. Control Valve Market, by Industry

10.1. Introduction
10.2. Building & Construction
10.3. Chemicals
10.4. Energy & Power
10.5. Food & Beverages
10.6. Metals & Mining
10.7. Oil & Gas
10.8. Pharmaceuticals & Healthcare
10.9. Pulp & Paper
10.10. Water & Wastewater Treatment

11. Americas Control Valve Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Control Valve Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Control Valve Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Comprehensive Overview of the Neles XH Metal-Seated Ball Valve for Industrial Applications
- 14.3.2. Strategic Global Licensing Agreement Between Ampo Sociedad Cooperativa and Clarke Industrial Engineering Elevates Zero-Emission Valve Technology
- 14.3.3. Hawle Beteiligungsgesellschaft m.b.H. Acquires McWane India's Valve Division
- 14.3.4. Ramen Valves AB Launches Comprehensive Digital Product Platform for Enhanced Customer Engagement and Efficient Procurement
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio