The control valve market is projected to grow at a CAGR 13.28% rate during the forecast period. Growing demand for energy in APAC, increasing adoption of valves in oil and gas production-related firms in GCC countries, growing need for the connected network to maintain and monitor various equipment in plants, and surging focus on establishing new nuclear plants and upscaling of existing ones are the key driving factors for the control valve market.
Stainless steel to boost control valve market during the forecast period. The increasing demand for high-quality control valves in food & beverages and chemicals industries to mitigate the threat of contamination in critical processes, such as water and steam handling, in food & beverages and chemicals industries will drive the market for stainless steel control valves during the forecast period.
Oil & Gas to account the largest share of the control valve market during the forecast period. Oil & gas industry is one of the most promising industries for the adoption of control valves in various processes. The demand for oil and gas has grown tremendously during the industrial revolution to promote the development of Western economies. The oil & gas industry needs deeper wells and longer pipelines and also focuses on reducing the production cost; this necessitates the use of specialized and critical equipment in oil and gas plants.
APAC to be the fastest-growing market during the forecast period. The control valve market in APAC for the water & wastewater treatment industry is growing at a significant rate, and a similar trend is likely to be observed in the coming years. Dense population and increasing per capita income in this region, along with large-scale industrialization and rapid urbanization, are the major factors driving the growth of the market in this region. Asia consists of a few fast-growing economies, such as China, India, and other Southeast Asian countries. Owing to the increasing urban population in the region, there is a high demand for new and improved wastewater treatment systems.
Key Market Players include Bürkert Fluid Control Systems (Germany), Emerson (US), Flowserve (US), IMI plc. (UK), Curtiss Wright (US), Trillium Flow Technologies (Weir Group) (US), Cameron - Schlumberger (US), Spirax Sarco (UK), Crane Co. (US), KITZ Corporation (Japan).
Key Questions Addressed by the Report
· What are the key drivers, restraints, opportunities, and challenges pertaining to the control valve market?
· Which industries are the leading adopters of control valves?
· Who are the leading control valves providers in the market?
· Which are the significant types of control valves in the market?
· What are the recent developments in the control valve ecosystem related to mergers and acquisitions, and partnerships?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1.Rising Demand for Energy in APAC
3.1.2.Increasing Adoption of Valves By Oil and Gas Production-Related Firms in Gcc Countries
3.1.3.Growing Need for Connected Networks to Maintain and Monitor Various Equipment in Plants
3.1.4.Surging Focus on Establishing New Nuclear Power Plants and Upscaling of Existing Ones
3.2.1.Lack of Standardized Certifications and Government Policies
3.2.2.High Fabrication Cost
3.2.3.Rise in Collaboration Among Industry Players
3.2.4.Unplanned Downtime Due to Malfunctioning Or Failure of Valves
3.3.1.Use of 3D Printing in Manufacturing Valves
3.3.2.Introduction of Iiot and Industry 4.0
3.3.3.Need for Valve Replacement and Adoption of Smart Valves
3.3.4.Focus of Valve Manufacturers to Offer Improved Customer Services
4. Executive Summary
5. Control Valve Market, By Material
5.1. Stainless steel
5.2. Cast iron
5.3. Alloy based
5.5. Others (brass, bronze, plasti)
6. Control Valve Market, By Component
6.2. Valve body
7. Control Valve Market, By Size
7.1. Up to 1 inch
7.2. 1 to 6 inch
7.3. 6 to 25 inch
7.4. 25 to 50 inch
7.5. More than 50 inch
8. Control Valve Market, By Type
8.1. Rotary valves
8.2. Linear valves
9. Control Valve Market, By Industry
9.1. Oil and gas
9.2. Water and wastewater treatment
9.3. Energy and power
9.4. Pharmaceuticals and healthcare
9.5. Food and beverages
9.7. Building and construction
9.8. Pulp and paper
9.9. Metals and mining
10. Control Valve Market, By Region
10.1. North America
10.2.5. Rest of Europe
10.3. Asia Pacific
10.3.4. South Korea
10.3.5. Australia and New Zealand
10.3.6. Rest of APAC
10.4. Rest of the World
10.4.1. Middle East
10.4.2. South America
11. Company Profiles
11.1. Leading Companies in Control Valve Market
11.1.1. Bürkert Fluid Control Systems
11.1.3. Flowserve Corporation
11.1.4. IMI PLC.
11.1.5. Curtiss-Wright Corporation
11.1.6. Trillium Flow Technologies (Weir Flow Control)
11.1.7. Cameron – (Schlumberger Company)
11.1.8. Spirax Sarco
11.1.9. Crane Co.
11.1.10. Kitz Corporation
11.2. Other Companies in Control Valve Market
*Company introduction, financial information, recent developments, SWOT analysis
12. Conclusion and Recommendations
13.2. Related Reports