According to IMARC Group’s latest report, titled “Control Valves Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global control valves market exhibited moderate growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 5% during 2021-2026.
A control valve is a mechanical device that regulates the flow of a liquid or gas through internal passages in a system. It contains a pneumatically and electrically operated actuator, which is mounted on a valve. This valve modulates the flow through movement of the valve plug in relation to the port that is located within its body. Some of the different types of control valves available in the market include ball, plug, butterfly, gate, and diaphragm valves.
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Market Trends
The global control valves market is primarily driven by the continuous demand from the oil and gas industry. This can be attributed to the increasing investments in the shale gas field and pipeline installations to ensure efficient fluid handling. Apart from this, control valves find extensive applications across multiple industries, such as food and beverage, water and wastewater treatment, power, pharmaceutical, and chemical. In the food and beverage and chemical industries, control valves help to minimize contamination while handling steam, exhibit resistance to abrasion and corrosion, and function effectively under high pressure and temperatures. Moreover, with technological advancements and continuous research and development (R&D) activities, manufacturers are able to launch improved product variants, such as 3D printed valves, that cater to the changing requirements of various industries. These developments are expected to create a positive outlook for the market in the upcoming years.
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List of Key Companies Covered in this Market Report:
- Burkert Fluid Control Systems
- Curtiss-Wright Corporation
- Emerson
- Flowserve Corporation
- Honeywell International
- IMI PLC.
- Kitz Corporation
- Samson AG
- Spirax Sarco
- Valvitalia SpA
- Velan Inc.
Breakup by Type:
- Rotary Valves
- Ball Valve
- Butterfly Valves
- Plug Valves
- Linear Valves
- Gate Valves
- Diaphragm Valves
- Other Valves
Breakup by Size:
- Up to 1"
- >1" to 7"
- >7" to 25"
- >25" to 50"
- >50"
Breakup by Technology:
- Electric
- Hydraulic
- Manual
- Pneumatic
Breakup by Component:
- Actuators
- Valve Body
- Others
Breakup by Material:
- Stainless Steel
- Cast Iron
- Alloy Based
- Others
Breakup by End-Use Industry:
- Oil & Gas
- Water & Wastewater Treatment
- Energy & Power
- Pharmaceutical & Healthcare
- Chemicals
- Building & Construction
- Others
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
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