Control Valves Market Report, Size, Share, Growth, Trends and Forecast 2027

According to IMARC Group's latest report, titled "Control Valves Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global control valves market reached a value of US$ 8.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 11.3 Billion by 2027, exhibiting a CAGR of 5.2% during 2022-2027.

A control valve refers to a device that regulates the flow of a liquid or gas through internal passages. It consists of three key components - the valve, actuator and controlled - that aid in controlling various conditions, such as flow, temperature, pressure and liquid level, in a system. It forms an indispensable component of the control loop wherein it modulates the flowing fluid to compensate for the load disturbance. Consequently, it is widely being integrated with numerous accessories, such as handwheels, position indicators, limit switches and electro-pneumatic transducers across numerous verticals, including chemical, power, pharmaceuticals, oil and gas, and water and wastewater treatment industries.

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Market Trends

The global market is primarily driven by a significant increase in the number of oil and gas exploration activities. The shifting preference toward automation and the growing requirement for the construction of new pipelines in the oil and gas sector is catalyzing the uptake of control valves. Along with this, there has been an increasing demand for uninterrupted power supply across the globe, especially in developing countries that witness continuous outages. This has led to the development of new power generation plants that rely on a connected network for monitoring the overall functioning of the plants. The rising demand for the establishment of new renewable energy projects and constant improvements in the existing infrastructures is providing a thrust to the market growth. Product innovations and continuous research and development (R&D) by various key players have led to the introduction of control valves that are integrated with smart and digital valve positioners and equipped with advanced capabilities, including diagnostics and alarm status. The advent of 3D printed valves is also expected to gain prominence in the market. This, in confluence with the growing investments in fluid handling technology by numerous industries, such as the nuclear and pharmaceutical sectors, is propelling the market growth.

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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.

Report Segmentation:

The report has segmented the market into the following categories

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

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.