Control Valve Market

GMI Research analysis indicates that the Control Valve Market size was estimated at USD 5.8 billion in 2021 and is slated to register a single digit CAGR of 7.0% over the forecast period, and is projected to reach USD 9.9 billion in 2029 attributed to increasing investments in pipeline and infrastructure projects worldwide.

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Key Control Valve Market Drivers

Major factors driving the control valve market are growing demand for valves from healthcare and pharmaceutical industries, emerging need to monitor industrial equipment, surge in the demand from countries in Asia-Pacific region and growing focus on establishing new nuclear power plants. Demand for control valves have increased rapidly in healthcare and pharmaceutical industries in recent few years. During covid-19 outbreak, usage of control valves increased in manufacturing important medical devices. In pharmaceutical industry, major companies are investing significant amount of capital in research and development of components such as solenoid coupled with establishment of new nuclear power plants around the world, are propelling the market growth.

Government in various countries are focussing on nuclear power plants as a clean source of energy to combat climate change. In October 2022, government of Canada offered financing worth USD 708 million for developing grid-scale small modular reactor (SMR), a new type of nuclear energy, which will support government’s initiative to reduce carbon emissions. Simultaneously, as per the Bipartisan Infrastructure Law introduced in 2021, USD 6 billion will be allocated under the Civil Nuclear Credit (CNC) program to preserve existing fleet of nuclear reactors in United States. Since, countries are increasingly spending significant amounts of capital on nuclear power plants, demand for control valves is expected to increase in future, to regulate fluid flux in nuclear power plant.

Increasing investments in transportation pipeline projects, ageing infrastructure in water and wastewater industry and advancements in technologies, are some of the factors accelerating the growth of control valve market. Demand for sanitation has increased significantly in recent years due to spread of covid-19. Water and wastewater treatment plays a critical role in providing clean water to residential and commercial areas. Infrastructure of water and wastewater treatment industry is ageing in many developed and developing countries, which in turn is creating demand for more new control valves to ensure effective and efficient water treatment. Control valves are used in water and wastewater treatment systems to regulate the flow and temperature of fluids, upgrading control valves will increase the overall efficiency of water treatment process. However, companies have to attain different certificates in different countries to comply with regulatory policies, which is hampering the growth of control valve market as companies have alter same product to meet the requirements.

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Based on Type, Rotary Valves segment is estimated to dominate the market.

Rotary valves are gaining traction in the control valve market as it can handle dirty and abrasive materials, offers higher compression ratios and rpm, and can help in controlling emissions. In addition, rotary valves majorly find its application in food, pharmaceutical, water and wastewater treatment industries to handle powder, granules and solid materials.

Based on Industry, Oil & Gas segment is projected to hold the largest control valve market share.

Growing demand for energy and rise in the number of drilling activities in GCC region, are propelling the demand for control valves in global oil and gas industry. Prices of crude oil recently has increased globally due to on-going Russia-Ukraine war, which in turn is pushing oil and gas companies to increase their production capacity of oil. Major oil and gas companies in GCC region have started taking initiatives to boost their oil production capacity, for instance, Saudi Aramco, which is one of the largest integrated oil and gas company worldwide unveiled its plans to increase its crude oil production capacity from 11.5 million barrel per day in 2022 to 13 million barrels per day by 2027. As companies are investing to increase their crude oil production capacity, demand for control valves will increase to manage the flow of oil and gas in their facilities, which will accelerate the market growth in coming years.

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Based on Region, North American region is forecast to expand at the fastest rate.

North American control valves market is driven by growing demand for control valves from various industries such as food and beverage, oil and gas and chemicals, increasing investments in renewable energy projects to promote cleaner sources of energy in the country and rise in research and development activities.

Top Market Players

Major companies operating in the control valves market are Christian Bürkert GmbH & Co. KG, Emerson Electric Co., Flowserve Corporation¸ IMI plc, Curtiss-Wright Corporation, Trillium Flow Technologies (Weir Flow Control), Cameron International Corporation, Spirax-Sarco Engineering plc, Crane Company, and Kitz Corporation among others.

Key Developments:

• • In June 2022, Schubert & Salzer Control Systems, a manufacturer of innovative valves solutions based out of Germany, launched new generation of 8049 digital positioner for pneumatic control valves.
  • In May 2022, Flowserve Corporation, a major manufacturer of pumps, valves and seals based out of United States announced that it has improved design of its Valtek FlowTop control valve, to meet international standards. This valve is designed to provide precise control over variety of trim and packing options, to suit different applications.
  • In October 2021, Armstrong International acquired Leslie Controls, which is a major manufacturer of stream regulators and control valves, to expand its Industrial control valve and heater lines.
  • In February 2019, CIRCOR International, Inc., launched new CIR 3100 control valve, which is customizable with multiple internal options, and are specifically designed for low and high pressure drop service.
  • In April 2017, Emerson completed the acquisition of Valves & Controls business from Pentair plc., to expand its footprint in automation and strengthen its position in the chemical, refining, and oil and gas markets.

Segments covered in the Report:

Global Control Valve market has been segmented based on the material, component, size, type, industry, and region. Based on material, the market is segmented into Stainless Steel, Cast Iron, Alloy Based, Cryogenic, and Others. Other is further segmented into Brass, Bronze, and Plastic. Based on the component, the market is segmented into Actuators, Valve Body, and Others. Based on the size, the market is segmented into Up to 1”, >1” to 6”, >6” to 25”, >25” to 50”, and >50”. Based on the type, the market is segmented into Rotary Valves and Linear Valves. Based on rotatory, the market is further segmented into Ball Valves, Butterfly Valves, and Plug Valves. Based on linear, the market is segmented into Global Valves, Diaphragm Valves, and Other Valves. Based on the industry, the market is segmented into Oil & Gas, Water & Wastewater Treatment, Energy & Power, Pharmaceuticals and Healthcare, Food & Beverages, Chemicals¸ Building & Construction¸ Pulp & Paper, Metals & Mining¸ and Others.

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Market Segmentation

Global Control Valve Market by Material    

• • Stainless Steel
  • Cast Iron
  • Alloy Based
  • Cryogenic
  • Others

Global Control Valve Market by Component             

• • Actuators
  • Valve Body
  • Others

Global Control Valve Market by Size            

• • Up to 1”
  • >1” to 6”
  • >6” to 25”
  • >25” to 50”
  • >50”

Global Control Valve Market by Type          

• • Rotary Valves
    • Ball Valves
    • Butterfly Valves
    • Plug Valve
  • Linear Valves
    • Global Valves
    • Diaphragm Valves
    • Other Valves

Global Control Valve Market by Industry    

• • Oil & Gas
  • Water & Wastewater Treatment
  • Energy & Power
  • Pharmaceuticals and Healthcare
  • Food & Beverages
  • Chemicals
  • Building & Construction
  • Pulp & Paper
  • Metals & Mining
  • Others

Global Control Valve Market by Region

• • North America Control Valve Market (Option 1: As a part of the free 25% customization)
    • By Material
    • By Component
    • By Size
    • By Type
    • By Industry
    • US Market All-Up
    • Canada Market All-Up
  • Europe Control Valve Market (Option 2: As a part of the free 25% customization)
    • By Material
    • By Component
    • By Size
    • By Type
    • By Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Control Valve Market (Option 3: As a part of the free 25% customization)
    • By Material
    • By Component
    • By Size
    • By Type
    • By Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Control Valve Market (Option 4: As a part of the free 25% customization)
    • By Material
    • By Component
    • By Size
    • By Type
    • By Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Control Valve (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Christian Bürkert GmbH & Co. KG
  • Emerson Electric Co.
  • Flowserve Corporation
  • IMI plc
  • Curtiss-Wright Corporation
  • Trillium Flow Technologies (Weir Flow Control)
  • Cameron International Corporation
  • Spirax-Sarco Engineering plc
  • Crane Company
  • Kitz Corporation