Dynamics and Trends in the Global Control Valve Market: Opportunities and Challenges by 2027

The global control valve market has witnessed significant growth propelled by the increasing need for automation in the process industry, coupled with rising investments in oil & gas and pharmaceutical infrastructure. Additionally, the surge in demand from the food & beverages sector has further boosted market expansion. However, the market faces challenges due to intense competition from domestic manufacturers.

The global control valve market was pegged at $5.40 billion in 2019, and is expected to reach $7.96 billion by 2027, growing at a CAGR of 7.0 % from 2020 to 2027.

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Implementation of automation technologies has assisted in reducing wastage of liquids passing through pipes and valves, which result in reduction of costs. Various industries adopt automation and control technologies by upgrading their pre-installed industrial valves, which, in turn, drives the market growth.

Despite the setbacks faced during the pandemic, including decreased demand from sectors such as construction, chemicals, and oil & gas, the market is poised for recovery post-pandemic. As operations resume and new investments are made, the demand for control valves is expected to rebound.

Segmentation of the global control valve market based on type, operation, application, and geography provides insights into various growth opportunities. The rotary segment is projected to witness the highest compound annual growth rate (CAGR) during the forecast period, although the linear segment dominated the market in 2019.

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In terms of application, the water & waste-water management segment is anticipated to exhibit the highest CAGR, reflecting the growing emphasis on efficient water management. Meanwhile, the oil & gas segment remains a significant contributor to the market, underlining its importance in various industrial processes.

Geographically, Asia-Pacific emerged as the dominant region in 2019, accounting for a substantial share of the market. The region is expected to maintain its lead, registering the highest CAGR through 2027. This growth is driven by increased industrialization and infrastructure development, particularly in emerging economies like Japan and India.

Top Players:
Crane Co., include Crane Co., Alfa Laval Corporate AB, Emerson Electric Co., Flowserve Corporation, Schlumberger Ltd, Metso Corporation, KSB SE & Co. KGaA, KITZ Corporation, Samson Aktiengesellschaft, and Velan Inc.

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Overall, the global control valve market presents promising opportunities for industry players, albeit with challenges stemming from competition and market fluctuations. Strategic initiatives focusing on innovation, market expansion, and catering to evolving customer needs will be crucial for sustained growth in this dynamic market landscape.

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