Global Control Valves Market: Snapshot

The existence of a large number of international and regional market participants has made the world market for control valves significantly competitive and fragmented, states Transparency Market Research. To make sure that the market players stay ahead in such an intense and competitive market, large international market players primarily get engaged with acquisitions and mergers with smaller preferably local market players. In such a way, not only can large companies expand their businesses, but they can also augment their market position in the said industry. Such market players are also working on the expansion and diversification of their product portfolios via technological innovations so as to improve their positions. Some of the most prominent players that are operating in the world market for control valves are Goodwin International Ltd, Schlumberger Limited, General Electric Company, Honeywell International Inc., and Emerson Electric Co. amongst many others in the market.

In accordance with a market research report published by Transparency Market Research, the world market for control valves is anticipated to expand at a growth rate of 6.4% CAGR in between the year 2017 to the year 2025. Over this period, the said market had a worth of around US$6.01 bn in the year 2016 and is expected to be worth at around US$ 10.46 bn by the year 2025.

global control valves market

Market to Witness Superiority of Large Enterprise in Terms of Size

The international market for control valves is basically categorized on the basis of four major criteria which are: actuation technology, application, type, and geographies. These categories are further sub-divided into numerous sub-segments which are elaborated on in detail in the market intelligence report by TMR. Of all these segments, the category of butterfly valve that is present under the category of type accounted for the topmost position pertaining to revenue in the year 2016, and its growth is anticipated to expand at a robust rate in the years to come.

North America to Continue With its Regional Dominance

The world market for control valves has been segmented into the major geographies of North America, Latin America, Europe, Asia Pacific and Middle East and Africa. From such a regional standpoint, North America presently leads the world market for control valves riding on the back of booming exploration of shale gas. Control valves play an important role in the extraction of shale gas by assisting in the regulation of the temperature or pressure throughout downstream, midstream, and upstream activities. The said market in North America is being majorly steered by the U.S., then followed by Canada. The market intelligence report by TMR anticipates the market in the said region to expand at a growth rate of 5.1% CAGR from the year 2017 to the year 2025 to gross a revenue of around US$ 2.936 bn towards the end of forecast period i.e. by 2025.

Powered by Japan and China that contribute most to the market revenue, the market in the region of Asia Pacific is estimated to register maximum growth in the period of forecast. The said market is expected to gain maximum share of the market by registering a growth rate of around 7.3% CAGR from the period that extends from the year 2017 to 2025. The constantly growing chemical industry is at the front of fuelling sales in the said region.

Some of the prominent names that adorn the market are KITZ Corporation, Honeywell International Inc., General Electric Company, AVK Holding A/S, Goodwin International Ltd., Emerson Electric Co., Flowserve Corporation, Schlumberger Limited, Rotork Plc., and Bürkert Fluid Control Systems.

Global Control Valves Market: Overview

The Control Valves market report provides analysis for the period 2015 - 2025, wherein the period from 2017 to 2025 is the forecast and 2016 is the base year. Estimations for year 2015 are provided as historical data. The report covers all the major trends and technologies playing influential role in the control valves market’s growth over the forecast period. It also highlights the drivers, restraints, opportunities and trends expected to impact market’s growth during the said period.

The study provides a comprehensive perspective of global control valves market’s evolution throughout the above mentioned forecast period in terms of revenue (in US$ Mn and thousand units). The global control valves market has been classified into five geographical regions namely North America, Europe, Asia Pacific, Middle East & Africa and South America. Regions are further divided into three to five prominent countries/regions and market for each of prominent country/region has further segmented by actuation technology, by Type and by applications.

The market overview section of the report demonstrates the market dynamics such as the drivers, restraints, opportunities, trends that is expected to influence the current nature and future status of this market. Key indicators mentioned in the report, provide a robust view about the vital factors that led to the strong adoption of control valves around the globe. The key indicators also provide significance of the factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period. An attractiveness analysis has also been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the control valves market. Moreover, the report provides an overview of various strategies adopted by the key players present in the market.

Global Control Valves Market: Segmentation

The report segments the market on the basis of actuation technology, type, application region and prominent countries. By actuation technology, the segments defined are manual control valve, pneumatic control valve, hydraulic control valve and electric control valve. Types include five segments ball valve, butterfly valve, cryogenic valve, globe valve, others. Applications includes eight segments power generation, oil and gas, chemical industry, food & beverages, automotive, pharmaceuticals, wastewater management, others.

The report also highlights the competitive landscape of the global control valves market, thereby positioning all the major players according to their presence across different regions of the world and recent key developments initiated by them in the control valves market. The comprehensive control valves market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting control valves market growth.

Global Control Valves Market: Competitive Landscape

This report provides all the essential information required to understand the key developments in the technology used in control valves market, growth trend of each segment and strategy of each company that help them to efficiently compete in the market. Also, the report provides insights related to trends and its impact on the market. Furthermore, Porter’s five forces analysis explains the factors which are currently affecting the control valves market. This report also provides comparative analysis of control valves on the basis of various parameters namely, cost, application area and service integration.

Honeywell International Inc. Emerson Electric Co., KITZ Corporation, Bürkert Fluid Control Systems, Schlumberger Limited, Flowserve Corporation, AVK Holding A/S, Rotork Plc., General Electric Company, Goodwin International Ltd are some of the major players operating within the control valves market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.

Global Control Valves Market

  • By Actuation Technology
    • Manual Control Valve
    • Pneumatic Control Valve
    • Hydraulic Control Valve
    • Electric Control Valve
  • By Type
    • Ball Valve
    • Butterfly Valve
    • Cryogenic Valve
    • Globe Valve
    • Others
  • By Application
    • Power Generation
    • Oil and Gas
    • Chemical Industry
    • Food & Beverages
    • Automotive
    • Pharmaceuticals
    • Wastewater Management
    • Others
  • By Region
    • North America
      • The U.S.
      • Canada
      • Rest of North America 
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe 
    • Asia Pacific
      • India
      • China
      • Japan
      • Rest of Asia Pacific
    • Middle East & Africa
      • GCC
      • South Africa
      • Rest of Middle East and Africa
    • South America 
      • Brazil
      • Rest of South America