According to the global Control Valves market is expected to grow from $7.19 billion in 2016 to reach $11.24 billion by 2023 with a CAGR of 6.5%. Control valves are used in various end-user industries to control various process variables which include temperature, flow, pressure, and fluid level. They play a significant role in safety, efficiency and profitability across several industries. The growth of the market is propelled by increasing interest on plant automation, growing number of industrial infrastructure projects in developing countries and rising investments across various industrial verticals. On the contrary, huge capital investments among valves projects and lack of familiar platforms for profibus, zigbee and ethernet are some restraints hampering the market.
Based on component, actuators is expected to account for the largest market share owing to increasing demand for control valves from various verticals such as energy & power, chemicals, oil & gas and other industries. Depending on geography, Asia Pacific region is anticipated to witness maximum growth attribute to growth in hydrocarbon capital investments spending among emerging economies such as China and India.
Some of the key players in global Control Valves market include General Electric Co., Samson AG, The Electric Co., Metso Corporation, Armstrong International, Inc., Cameron International Corporation, SVF Flow Controls Inc., Swagelok Co., CIRCOR International, Inc., Pentair Plc, Crane Co., Burkert Fluid Control System, Flowserve Corporation, Velan Inc. and Christian Burkert GmbH & Co. KG.
End Users Covered:
Automotives
Energy & Power
Chemicals
Food & Beverages
Mining
Pharmaceuticals
Water & Waste-water
Building & Construction
Oil & Gas
Other End Users
Components Covered:
Actuators
Valve Body
Other Components
Actuation Technologies Covered:
Electric Control Valves
Pneumatic Control Valves
Manual Control Valves
Hydraulic Control Valves
Products Covered:
Sliding Shaft Control Valves
Rotating Shaft Control Valves
Cryogenic Control Valves
Other Products
Leakages Covered:
Valve Leakage
Seat Leakage
Sizes Covered:
Up to 1
1“6
6“25
25 “50
50 & Above
Regions Covered:
North America
o US
o Canada
o Mexico
Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
South America
o Argentina
o Brazil
o Chile
o Rest of South America
Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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