Control Valves Market by Type (Pneumatic, Hydraulic, Electric), by Application (Power generation, Oil & gas, Waste water management, Automotive, Pharmaceuticals, Mining, Chemicals, Food and Beverages,Others), Industry Trends, Estimation & Forecast, 2016 - 2024

September 2017

 Pages: 125

 ERC 8233

Control Valves Market was valued at $9 billion in 2016 and is projected to reach $16 billion by 2024, having a CAGR of 7.7 % during the forecast period of 2017 to 2024. In 2016, the pneumatic control valve market generated the highest revenue share in the global control valve market.

A device which is capable of controlling the flow at variable degrees between minimal flow and full capacity in response to a signal from an external control device, is called as a control valve. The control valve, also referred to as the final control element, is a critical part of any control loop, as it performs the physical work and is the element that directly affects the process. A control valve consists of an actuator mounted to a valve. The valve controls the flow through movement of a valve plug in relation to the port/ ports located within the valve body. The valve plug is attached to a valve stem, which, in turn, is connected to the actuator. The actuator, which can be pneumatically or electrically operated, directs the movement of the stem as directed by the external control device.

Control Valve Market Dynamics

Factors such as increment in the oil and gas industry investments due to hiked power demands and ever-rising demand of food and beverage industry are acting as drivers to the control valve market. Moreover, increase in the need for automation in the process industry and the rising number of industrial infrastructure projects in developing countries are also the major driving forces for the market growth. However, intense competition and rising demand of unconventional power, is slated to pose challenges to control valve market. Inefficient logistics and supply system across the globe is also expected to be the biggest challenge for control valve market over the forecast period.

Manufacturers of control valves are constantly engaging in research and development activities to design their products in accordance with the trending requirements in various industries. Extensive R&D to provide for complete control valve automation solution is expected to yield opportunities in this control valve market.



Market Segmentation

The segmentation of global control valve market is done on the basis of valve type, application, and geography. By type, the market is segmented as Pneumatic control valves, Hydraulic control valves, and Electric control valves. On the basis of application, the market is segmented as power generation, oil & gas, waste water management, automotive, pharmaceuticals, mining, chemicals, food and beverages and others. Geographically, the market is segmented as North America, Europe, Asia-Pacific and Rest of World. Out of major geographies, North America emerged as the dominant regional market over the past few years and is expected to continue its dominance over the forecast period.

Major control valve market players are Metso Corporation, Samson AG, Electric CO, MIL Control Limited, Flowserve Corporation, Pentair PC, Velan Inc.,Crain Fluid Inc., General electric company, IMI Plc. (UK)

Control ValvesMarket Segmentation

By Type
• Pneumatic control valves
• Hydraulic control valves
• Electric control valves

By Application
• Power generation
• Oil & gas
• Waste water management
• Automotive
• Pharmaceuticals
• Mining
• Chemicals
• Food and Beverages
• Others

By Geography

North America
• U.S
• Canada
• Mexico

• U.K
• Germany
• France
• Italy
• Rest of Europe

• China
• India
• Japan
• South Korea
• Rest of APAC

• Latin America
• Middle East
• Africa

Control Valves Market key Players

• Metso Corporation, Samson AG
• Electric Co.
• MIL Control Limited
• Flowserve Corporation
• Pentair Plc
• Velan Inc.
• Crane Fluid Inc.
• General electric company
• IMI Plc. (UK)
• Samson AG

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