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Published Date: 2015-09-21Number of Pages: 99

Control Valves Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021

 

The major usage of control valves is to control conditions such as pressure, temperature, flow and liquid level either fully or partially closing or opening the valve in response to the signals being received from controllers. Control valves are used in various industries such as power generation, oil and gas, wastewater management, automotive, pharmaceuticals, mining, chemicals and food and beverages among others. The global control valves market has been segmented on the basis of types, application and geography. In terms of product type, the control valves market has been segmented into pneumatic control valves, hydraulic control valves and electric control valves. A cross sectional study of the global control valves market broadly across geographical segments has also been covered under the scope of the study.

The market for control valves is primarily driven by factors such as increasing investment in the oil and gas industry and increasing number of pipeline installations to ensure efficient fluid handling across different industry verticals. Moreover, in order to meet the increasing demand of processed foods from the emerging markets like China. India and Brazil, the food processing industry is challenged with the uphill task of producing their products faster than ever before. This resulted in the growing demand for control valves to ensure efficient food processing and control processing environments. Furthermore, the demand for control valves also is expected be high in the pharmaceutical industry as various pharmaceutical companies are investing in sophisticated fluid handling systems in order to speed up the manufacturing process. Deploying efficient control valves systems ensures improvement of hygiene during the manufacturing process and reduces the scope of leniency regarding safety issues. Increased numbers of industrial infrastructure projects in developing countries coupled with increasing investments in the shale gas sector are also expected to boost the demand for control valves during the forecast period.

As per recent trends, it has been observed that, the manufacturers of control valves are constantly engaging in research and development activities to design their products in a way as to match the changing requirements arising out from the various industries. There has been an increasing emphasis on designing and manufacturing control valves that would eliminate periodic maintenance. Due to the innovation in product offerings for electric control valves, the demand for the same has increased drastically in the recent past. Electric control valves are more efficient and enable greater level of controls as compared to the other type of valves. Furthermore, it has also been observed that low cost alternatives of control valves offered by Asian companies possess a challenge to the established brands

The competitive profiling of the key players in the global control valves market and their market shares across four major geographic regions which include North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW) has been exhaustively covered under the purview of the study. Moreover, the distinct business strategies that have been adopted by the major players in the market have also been included in the report. For providing a detailed insight into the global control valves market, the market attractive analysis has been provided in the report.

A comprehensive analysis of market dynamics, which include the market drivers, restraints and opportunities, is included under the scope of the report. Market dynamics are the distinctive factors that influence the growth of the specific market and therefore help to study the current trends in the global market. Thus, this report provides an inclusive study of the global control valves market and also provides the forecast of the market for the period from 2015-2021.

Some of the major players in the market are: Emerson Electric Co. (U.S.), Flowserve Corporation (U.S.), Metso Corporation (Finland), MIL Control Limited (India), Pentair Plc (UK), General Electric Company (U.S.), Samson AG (Germany), Crane Fluid Inc (U.S.), IMI Plc (UK) and Velan Inc. (Canada) among others.

The global control valves market has been segmented into:

Global Control valves market, by Type

  • Pneumatic Control Valves
  • Hydraulic Control Valves
  • Electric Control Valves

Global Control valves market, by Application:

  • Power Generation
  • Oil and Gas
  • Wastewater Management 
  • Automotive
  • Pharmaceuticals
  • Mining
  • Chemicals
  • Food & Beverage
  • Others

Global Control valves, by Geography: The market is broadly segmented on the basis of geography into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • South America
    • Middle East
    • Africa

 

Chapter 1 Preface
1.1 Research Scope
1.2 Market Segmentation
1.3 Research methodology

Chapter 2 Executive Summary
2.1 Global Control Valves Market Snapshot

Chapter 3 Global Control Valves Market: Market Overview
3.1 Introduction
3.2 Key Trend Analysis
3.3 Market Dynamics
      3.3.1 Market Drivers
              3.3.1.1 Increasing investment in oil and gas industry
              3.3.1.2 Increasing demand from food and beverage industry
              3.3.1.3 Growing demand for sophisticated fluid handling systems in pharmaceutical industry
      3.3.2 Market Restraints
              3.3.2.1 Increasing demand for unconventional sourced power
              3.3.2.2 Intense competition from local manufacturers
      3.3.3 Market Opportunities
              3.3.3.1 Increasing investments in the shale gas sector
3.4 Control Valves Market – Porter’s Five Forces Analysis
      3.4.1 Bargaining Power of Suppliers
      3.4.2 Bargaining Power of Buyers
      3.4.3 Threat from Substitutes
      3.4.4 Threat of new entrants
      3.4.5 Competitive rivalry
3.5 Global Control Valves Market: Market Attractiveness Analysis
3.6 Competitive Positioning
      3.6.1 Market Positioning of Key Players, 2014
      3.6.2 Competitive Strategies Adopted by Leading Players

Chapter 4 Global Control Valves Market by Type 2015 – 2021 (Revenue)
4.1 Introduction
4.2 Pneumatic control valves
      4.2.1 Pneumatic control valves market revenue and forecast, 2014 – 2021 (USD Billion)
4.3 Hydraulic Control Valves
      4.3.1 Hydraulic control valves market revenue and forecast, 2014 – 2021 (USD Billion)
4.4 Electric Control Valves
      4.4.1 Electric control valves market revenue and forecast, 2014 – 2021 (USD Billion)

Chapter 5 Global Control Valves Market by Application 2015 – 2021 (Revenue)
5.1 Introduction
5.2 Power Generation
      5.2.1 Control Valves application in power generation sector, market revenue and forecast, 2014 – 2021 (USD Billion)
5.3 Oil and Gas
      5.3.1 Control valves application in oil & gas sector, market revenue and forecast, 2014 – 2021 (USD Billion)
5.4 Chemical industry
      5.4.1 Control valves application in chemical industry, market revenue and forecast, 2014 – 2021 (USD Billion)
5.5 Food and beverages industry
      5.5.1 Control valves application in food and beverages industry, market revenue and forecast, 2014 – 2021 (USD Billion)
5.6 Automotive Industry
      5.6.1 Control valves application in automotive industry, market revenue and forecast, 2014 – 2021 (USD Billion)
5.7 Mining industry
      5.7.1 Control valves application in mining industry, market revenue and forecast, 2014 – 2021 (USD Billion)
5.8 Pharmaceutical industry
      5.8.1 Control valves application in pharmaceutical industry, market revenue  and forecast, 2014 – 2021 (USD Billion)
5.9 Wastewater Management
      5.9.1 Control valves application in wastewater management industry, market revenue and forecast, 2014 – 2021 (USD Billion)
5.10 Others
      5.10.1 Control valves application in ‘others’ industry, market revenue and forecast, 2014 – 2021 (USD Billion)

Chapter 6 Global Control Valves Market by Geography 2015–2021 (Revenue)
6.1 Introduction
      6.1.1 Global Control Valves Market Revenue Share by Geography, 2014 and 2021 (%)
6.2 North America
      6.2.1 North America Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.2.2 North America Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.2.3 North America Control Valves Market Revenue and Forecast by Application, 2014–2021 (USD Billion)
      6.2.4 North America Control Valves Market Revenue and Forecast by Type, 2014–2021 (USD Billion)      
      6.2.5 U.S. Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.2.6 U.S. Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.2.7 Canada Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.2.8 Canada Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.2.9 Mexico Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.2.10 Mexico Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
6.3 Europe
      6.3.1 Europe Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.3.2 Europe Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.3.3 Europe Control Valves Market Revenue and Forecast by Application, 2014–2021 (USD Billion)
      6.3.4 Europe Control Valves Market Revenue and Forecast by Type, 2014–2021 (USD Billion)
      6.3.5 U.K. Control Valves Market Revenue, And Forecast, 2014–2021 (USD Billion)
      6.3.6 U.K. Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.3.7 Germany Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.3.8 Germany Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.3.9 France Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.3.10 France Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.3.11 Italy Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.3.12 Italy Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.3.13 Rest of Europe Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.3.14 Rest of Europe Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
6.4 Asia Pacific
      6.4.1 Asia Pacific Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.4.2 Asia Pacific Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.4.3 Asia Pacific Control Valves Market Revenue and Forecast by Application, 2014–2021 (USD Billion)
      6.4.4 Asia Pacific Control Valves Market Revenue and Forecast by Type, 2014–2021 (USD Billion)
      6.4.5 China Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.4.6 China Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.4.7 India Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.4.8 India Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.4.9 Japan Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.4.10 Japan Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.4.11 South Korea Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.4.12 South Korea Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.4.13 Rest of Asia Pacific Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.4.14 Rest of Asia Pacific Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
6.5 Rest of the World (RoW)
      6.5.1 Rest of the World (RoW) Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.5.2 Rest of the World (RoW) Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.5.3 Rest of World (RoW) Control Valves Market Revenue and Forecast by Application, 2014–2021 (USD Billion)
      6.5.4 Rest of World (RoW) Control Valves Market Revenue and Forecast by Type, 2014–2021 (USD Billion)
      6.5.5 Latin America Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.5.6 Latin America Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.5.7 Middle East Control Valves Market Revenue and Forecast, 2014–2021 (USDBillion)
      6.5.8 Middle East Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.5.9 Africa Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
      6.5.10 Africa Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)

Chapter 7 Company Profiles
7.1 Emerson Electric Co.
7.2 Flowserve Corporation
7.3 Metso Corporation
7.4 MIL Controls Limited
7.5 Pentair Plc
7.6 General Electric Company
7.7 Samson AG
7.8 Crane Co.
7.9 IMI Plc
7.10 Velan Inc

List of Figures 

FIG. 1 Porter’s Five Forces Analysis for Control Valves Market
FIG. 2 Market Attractiveness Analysis by Application, 2014
FIG. 3 Market Share of Key Control Valves Players, 2014 (Value %)
FIG. 4 Global control valves market revenue share (%), by type, 2014 and 2021
FIG. 5 Pneumatic control valves market revenue and forecast, 2014 – 2021 (USD Billion)
FIG. 6 Hydraulic control valves market revenue and forecast, 2014 – 2021(USD Billion)
FIG. 7 Electric control valves market revenue and forecast, 2014 – 2021 (USD Billion)
FIG. 8 Global control valves market revenue share (%), by applications, 2014 and 2021
FIG. 9 Control valves application in power generation sector, market revenue and forecast, 2014 – 2021 (USD Billion)
FIG. 10 Control valves application in oil & gas sector, market revenue and forecast, 2014 – 2021 (USD Billion)
FIG. 11 Control valves application in chemical industry, market revenue and forecast, 2014 – 2021 (USD Billion)
FIG. 12 Control valves application in food and beverages industry, revenue and forecast, 2014 – 2021 (USD Billion)
FIG. 13 Control valves application in automotive industry, market revenue and forecast, 2014 – 2021 (USD Billion)
FIG. 14 Control valves application in mining industry, market revenue and forecast, 2014 – 2021 (USD Billion)
FIG. 15 Control valves application in pharmaceutical industry, market revenue and forecast, 2014 – 2021 (USD Billion)
FIG. 16 Control valves application in wastewater management industry, market revenue and forecast, 2014– 2021 (USD Billion)
FIG. 17 Control valves application in ‘others’ industry, market revenue and forecast, 2014 – 2021 (USD Billion)
FIG. 18 Global Control Valves Market Revenue Share by Geography, 2014and 2021 (%)
FIG. 19 North America Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 20 U.S. Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 21 Canada Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 22 Mexico Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 23 Europe Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 24 U.K. Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 25 Germany Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 26 France Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 27 Italy Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 28 Rest of Europe Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 29 Asia Pacific Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 30 China Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 31 India Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 32 Japan Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 33 South Korea Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 34 Rest of Asia Pacific Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 35 Rest of the World (RoW) Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 36 Latin America Control Valves Market Revenue, and Forecast, 2014–2021 (USD Billion)
FIG. 37 Middle East Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion)
FIG. 38 Africa Control Valves Market Revenue and Forecast, 2014–2021 (USD Billion

List of Tables

TABLE 1 Global control valves market snapshot
TABLE 2 Drivers of the Control Valves Market: Impact Analysis
TABLE 3 Restraints of the Control Valves Market: Impact Analysis
TABLE 4 North America Control Valves Market Revenue and Forecast by Application, 2014–2021 (USD Billion)
TABLE 5 North America Control Valves Market Revenue and Forecast by Type, 2014–2021 (USD Billion)
TABLE 6 Europe Control Valves Market Revenue and Forecast by Application, 2014–2021 (USD Billion)
TABLE 7 Europe Control Valves Market Revenue and Forecast by Type, 2014–2021 (USD Billion)
TABLE 8 Asia Pacific Control Valves Market Revenue and Forecast by Application, 2014–2021 (USD Billion)
TABLE 9 Asia Pacific Control Valves Market Revenue and Forecast by Type, 2014–2021 (USD Billion)
TABLE 10 Rest of World (RoW) Control Valves Market Revenue and Forecast by Application, 2014–2021 (USD Billion)
TABLE 11 Rest of World (RoW) Control Valves Market Revenue and Forecast by Type, 2014–2021 (USD Billion)

 

The global market for control valves has been covered under the scope of this report. Control valves can be defined as a device which modulates the flow at various degrees in accordance with signals received from an external control device. It is also referred to as “the final control element” and performs functions that directly affect the process.

The global control valves market is primarily driven by factors such as increasing investment in the oil and gas sector and growing demand for efficient fluid handling systems across different industries. Moreover, the demand for control valves is also expected to remain high from the chemical industry as a result of the rise in investments for pipeline installations across various chemical plants. In addition, due to the hygiene and time efficiency factor, pharmaceutical companies are investing on sophisticated fluid handling systems, which in turn results in increased demand for control valves. Considering these positive factors, the demand for control valves is set to rise during the forecast period from 2015 - 2021.

Based on type, the global market can be segmented into three segments, namely pneumatic, hydraulic and electric. Pneumatic control valves garnered the maximum revenue in 2014. The extensive usage of pneumatic control valves across various sectors including the chemicals, oil and gas and petrochemicals among others is fuelling the growth of the market.

The control valves market by applications is divided into nine segments, namely: power generation, oil and gas, wastewater management, automotive, pharmaceuticals, mining, chemicals, food and beverages and others. The power generation industry was the largest contributor in the control valves market in 2014 and is expected to retain its position throughout the forecast period. The control valves usage in the power sector is mainly driven by investments in the industrial infrastructure projects in emerging economies such as China, India and Brazil. Countries like India and China are restructuring transmission and distribution network in power generation sector to ensure seamless electricity distribution to utility as well as other industries.

Control valves market has been bifurcated geographically into four regions: North America, Europe, Asia Pacific and Rest of the World. North America occupied the largest share of the market in 2014 accounting for more than 37%. The demand for control valves is expected to remain high in the region as a result of the expansion in the oil and gas extraction. Asia Pacific acquired the second largest share in the market globally and accounted for more than 23% in 2014.

Some of the major players in the market are: Emerson Electric Co. (U.S.), Flowserve Corporation (U.S.), Metso Corporation (Finland), MIL Control Limited (India), Pentair Plc (UK), General Electric Company (U.S.), Samson AG (Germany), Crane Fluid Inc (U.S.), IMI Plc (UK) and Velan Inc. (Canada) among others.

 

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