The Control Valve market is expected to grow at a compound annual growth rate of 5.01% over the forecast period to reach a market size of US$11.641 billion in 2026, from US$8.267 billion in 2019.
A control valve has been known as a power-operated device or unit that is used in the manipulation or regulation of the overall flow of fluids, like steam, water, oil, and gas. The market is expected to surge in the coming years, due to the increasing demand for control valves in various sectors, such as the water & wastewater sector, oil & gas sector, food & beverage, and others. The rise in investments aiming at the development of novel and advanced control valve products and solutions is expected to be a major factor in the market growth, in the coming years. Countries, such as the United States, India, and China, are expected to enhance their market growth, in the coming years.
Major firms and corporations have been making significant developments in the market, in the past few years.
Increasing demand in the water & wastewater industry
The market is expected to surge in the coming years, due to the rising demand for control valves in the water and wastewater sector, worldwide. According to the United Nations Sustainable Development Report, around US$ 6.7 trillion by the year 2030 to around US$22.6 trillion by 2050 investment has been needed in water security. The Food and Agriculture Organisation had stated that around US$960 billion of global capital investment had been needed to enhance and expand the irrigation services between 2007 and 2050, in around 93 developing nations. Control valves are widely used in the water sector. It helps in the optimization of water flow through pump control stations. It also helps prevent slamming concerns and protects against reverse flow. A plethora of firms and corporations have been making significant developments in the market. For instance, Flomatic, a key valve producer certified under ISO 9001, has been offering control valves to its customers. The company has been offering automatic control valves. Its valves also work with hydraulic pilots and actuators. These trends and developments are projected to enhance the market growth, in the coming years.
|Market size value in 2019||US$8.267 billion|
|Market size value in 2026||US$11.641 billion|
|Growth Rate||CAGR of 5.01% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Valve Type, Material, Size, Industry Vertical, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Emerson, Velan Inc, Alfa Laval, Samson AG., Burkert Fluid Control System, Curtiss- Wright Corporation, Neway Valves, Flowserve Corporation, Neles, The Weir Group PLC|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What is the size of the global control valve market?
A1. Control Valve Market was valued at US$8.267 billion in the year 2019.
Q2. What will be the control valve market size by 2026?
A2. The control valve market is expected to reach a market size of US$11.641 billion by 2026.
Q3. What are the growth prospects for the control valve market?
A3. The global control valve market is expected to grow at a CAGR of 5.01% over the forecast period.
Q4. What factors are anticipated to drive the control valve market growth?
A4. The control valve market is driven by rising demand from end-use industries such as water & wastewater treatment, oil & gas, and the energy & power industry.
Q5. How is the global control valve market segmented?
A5. The control valve market has been segmented by valve type, material, size, industry vertical, and geography.
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Control Valve Market Analysis, By Valve type
5.2. Linear Valves
5.2.1. Globe Valves
5.2.2. Pinch Valves
5.3. Rotary Valves
5.3.1. Ball Valves
5.3.2. Plug Valves
5.3.3. Butterfly Valves
6. Control Valve Market Analysis, By Material
7. Control Valve Market Analysis, By Size
7.2. Less than 2”
7.3. 2” to 8”
7.4. Above 8”
8. Control Valve Market Analysis, By End User Industry
8.2. Water & Wastewater
8.3. Food & Beverage
8.4. Energy & Power
9. Control Valve Market Analysis, By Geography
9.2. North America
9.2.1. United States
9.3. South America
9.5. Middle East and Africa
9.5.1. Saudi Arabia
9.6. Asia Pacific
10. Competitive Environment and Analysis
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
11. Company Profiles
11.2. Velan Inc
11.3. Alfa Laval
11.4. Samson AG
11.5. Burkert Fluid Control System
11.6. Curtiss-Wright Corporation
11.7. Neway Valves
11.8. Flowserve Corporation
11.10. The Weir Group PLC
Burkert Fluid Control System
The Weir Group PLC
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