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Published Date: 2017-10-06Number of Pages: 312

Control Valves Market (Actuation Technology - Manual Control Valve, Pneumatic Control Valve, Hydraulic Control Valve, and Electric Control Valve; Type - Ball Valve, Butterfly Valve, Cryogenic Valve, and Globe Valve; Application - Power Generation, Oil and Gas, Chemical Industry, Food and Beverages, Automotive, Pharmaceuticals, and Wastewater Management) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Global Control Valves Market: Snapshot

The global market for control valves is fragmented in nature on account of the presence of a copious number of well-diversified regional and international manufacturers. The market is also highly competitive, in which keen players are seen growing their shares through mergers and acquisitions. Such inorganic manner of growth not just helps them to expand their market share but also to add to their existing product portfolios.

Serving to boost growth in the global market for control verves is the power sector. Besides, the rising oil and gas exploration activities are also having a positive impact on the market. Overall, the growth in the pipelines worldwide on account of fast paced industrialization is majorly fuelling market growth.

As per a report by Transparency Market Research, the global control valves market will likely rise at a CAGR of 6.4% during the period between 2017 and 2025. At this rate, the market which was worth US$6.01 bn in 2016 will likely become worth US$10.46 bn by 2024. In terms of volume, the global control valves market is expected to reach 13,734.6 thousand units in 2025.

global control valves market

Cryogenic Valve Segment to See Maximum Growth

The global market for control valves can be segmented based on different parameters. For example, by control valve type, the key segments of the market are ball valve, butterfly valve, cryogenic valve, globe valve, etc. The butterfly valve segment, of them, raked in maximum revenue in 2016. In the next couple of years, the segment is predicted to expand at a healthy clip. The cryogenic valve segment is also projected to see good growth in the upcoming years. In China ball valve segment is expected to grow at CAGR of 8% over the forecast period.

Depending upon actuation technology, the global control valves market can be divided into manual control valve, electric control valve, pneumatic control valve, and hydraulic control valve. Among them, the segment of pneumatic control valve segment contributed the most to the revenue in 2016. In terms of revenue growth rate, on the other hand, the segment of electric control valve is expected to outpace all other regions.

Shale Gas Exploration Serves to Propel North America Market

From a geographical standpoint, North America currently dominates the global control valves market on the back of booming shale gas exploration. Control valves play a crucial role in shale gas extraction by helping to regulate the pressure or temperature throughout upstream, midstream, and downstream activities. The market in North America is being primarily driven by the U.S., followed by Canada. The TMR report predicts the market in the region to grow at a 5.1% CAGR from 2017 to 2025 to gross a revenue of US$2.936 bn by 2025.

Powered by China and Japan that contribute the most to the revenue, the market in Asia Pacific is projected to clock maximum growth in the forecast period. The market will gain maximum market share by registering a CAGR of 7.3% from 2017 and 2025. The steadily growing chemical Industry is at the forefront of fuelling sales in the region.

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, and Goodwin International Ltd. are to name a few prominent participants in the global control valves market.

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

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