Press release
Control Valve Market: Scheduled to Reach $13.37 Billion by 2029, With Global Expansion and Technological Trends
Control Valve Market
What Is The Projected Market Size Of The Global Control Valve Market And Its Growth Rate?
• The present market size of the control valve market is anticipated to grow from $7.5 billion in 2024 to $8.42 billion in 2025, marking a compound annual growth rate (CAGR) of 12.2%.
• The growth from 2024 to 2025 can be traced back to industrial expansion, regulatory compliance, energy sector dynamics, infrastructure development, safety and environmental concerns, globalization, and the upgrade of aging infrastructure.
• Projecting future growth, the control valve market size is expected to burgeon to $13.37 billion in 2029 at a compound annual growth rate (CAGR) of 12.2%.
• Factors propelling this forecasted surge are an intensified focus on energy efficiency, environmental sustainability, demand for high-performance valves, preventive maintenance, expansion in emerging markets, and market consolidation.
What Is Driving The Growth In The Control Valve Market?
The surge in the oil & gas and power industries fuels the control valve market growth. The oil & gas industry involves companies that discover resources, transport them to a refinery, and process them into finished products. The power industry includes businesses that provide power, such as gas and electricity, to domestic and commercial uses. The boom in these industries necessitates the installation of control valves for processing and distribution. As per data derived from the US Energy Information Administration in October 2023, U.S. crude oil output rose to 12.4 million b/d in 2023 from 11.7 million b/d in 2022. In September 2022, the US consumed 86.6 billion cubic feet of natural gas per day (Bcf/d), marking the highest annual consumption of natural gas in the U.S. compared to the prior year. These metrics underline the growth of the oil & gas and power industries, which are spearheading the control valves market's growth.
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Who Are the Key Players Driving Control Valve Market Growth?
• Schlumberger Limited
• Alfa Laval AB
• Conbraco Industries Inc.
• Arca Regler GmbH
• Burkert Fluid Control Systems
• Cla-Val Co.
• Crane Holdings Co.
• Curtiss-Wright Corporation
• Emerson Electric Co.
• Flowserve Corp.
• General Electric Company
• IMI plc
• Kitz Corporation
• Lapar Control Valve Co. Ltd.
• Neway Flow Control Co.Ltd.
• Taylor Valve Technology Inc.
• Velan Inc.
• Baker Hughes Company
• Metso Corporation
• CIRCOR International Inc.
• AVK Holding A/S
• Eaton Corp. plc
• Festo AG & Co.
• Georg Fischer Ltd.
• Hitachi Ltd.
• ITT Inc.
• KSB SE & Co. KGaA
• Leser GmbH & Co.
• Parker Hannifin Corporation
• Pentair plc
• Rotork plc
• Smiths Group plc
• The Weir Group plc
• Xylem Inc.
What Are The Key Trends In The Control Valve Market?
• Smart valve technology
• Industry 4.0 and IIOT integration
• Digitalization and remote monitoring
• Modular valve design
• Advanced materials and coatings
What Are The Segments Of The Global Control Valve Market?
1) By Type: Linear, Rotary
2) By Component: Valve Body, Actuator, Other Components
3) By Material: Stainless Steel, Alloy-Based, Cast Iron, Cryogenic, Other Materials
4) By Industry: Oil And Gas, Water And Wastewater Treatment, Energy And Power, Pharmaceuticals, Food And Beverage, Chemicals, Building And Construction, Paper And Pulp, Metals And Mining, Other Industries
Which Region Leads The Control Valve Market?
North America emerged as the largest region in the control valve market in 2024. The report covers various regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa for insights into the control valve market.
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What Is Covered In The Control Valve Market Global Market Report?
- Market Size Analysis: Analyze the Control Valve Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Control Valve Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Control Valve Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Control Valve Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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