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Control Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 146 pages | ID: C28FB0569AC5EN
IMARC Group

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Market Overview:

The global control valves market size reached US$ 8.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.

A control valve is a mechanical device that is used to regulate the flow of a liquid or gas through internal passages. It consists of a pneumatically or electrically operated actuator that is mounted on a valve for modulating the flow. Some of the most common types of control valves include ball, butterfly, plug, gate and diaphragm valves that can automatically adjust the pressure, flow rate, density, temperature and concentration of the product. They are usually integrated with various accessories, such as electro-pneumatic transducers, handwheels, position indicators and limit switches and find extensive applications across multiple industries, including oil and gas, water and wastewater treatment, power, pharmaceutical and chemical.

The continually increasing demand for oil and gas from the industrial, transportation and residential sectors is the primary factor driving the market growth. Furthermore, increasing consumer preference for stainless steel product variants is also providing a boost to the market growth. Control valves further find extensive application in the food and beverage and chemical industries as they aid in minimizing contamination while handling steam, along with exhibiting resistance to abrasion and corrosion, and effective functionality even under high pressure and temperatures. Additionally, various technological advancements, such as the integration of these valves with the Industrial Internet of Things (IIoT) and the development of 3D printed valves, are creating a positive outlook for the market growth. Other factors, including extensive research and development (R&D) undertaken by manufacturers and key industry players to continually launch product variants in accordance with the changing needs of various industries, are expected to drive the market further.


Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global control valves market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, size, technology, component, material and end-use industry.

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' and Above

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 Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Christian Bьrkert GmbH & Co. KG, Curtiss-Wright Corporation, Emerson Electric Co., Flowserve Corporation, Honeywell International Inc., IMI plc, KITZ Corporation, SAMSON AG, Spirax-Sarco Engineering plc, Valvitalia SpA, Velan Inc., etc.

Key Questions Answered in This Report
1. What is the global control valves market growth?
2. What is the impact of COVID-19 on the global control valves market?
3. What are the global control valves market drivers?
4. What are the key industry trends in the global control valves market?
5. What is the global control valves market breakup by type?
6. What is the global control valves market breakup by size?
7. What is the global control valves market breakup by technology?
8. What is the global control valves market breakup by component?
9. What is the global control valves market breakup by end-use industry?
10. What are the major regions in the global control valves market?
11. Who are the key companies/players in the global control valves market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL CONTROL VALVES MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY TYPE

6.1Rotary Valves
  6.1.1 Market Trends
  6.1.2 Market Breakup by Type
    6.1.2.1 Ball Valves
    6.1.2.2 Butterfly Valves
    6.1.2.3 Plug Valves
  6.1.3 Market Forecast
6.2Linear Valves
  6.2.1 Market Trends
  6.2.2 Market Breakup by Type
    6.2.2.1 Gate Valves
    6.2.2.2 Diaphragm Valves
    6.2.2.3 Other Valves
  6.2.3 Market Forecast

7 MARKET BREAKUP BY SIZE

7.1Up to 1'
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2>1' to 7'
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3>7' to 25'
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4>25' to 50'
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5>50' and Above
  7.5.1 Market Trends
  7.5.2 Market Forecast

8 MARKET BREAKUP BY TECHNOLOGY

8.1Electric
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Hydraulic
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3Manual
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4Pneumatic
  8.4.1 Market Trends
  8.4.2 Market Forecast

9 MARKET BREAKUP BY COMPONENT

9.1Actuators
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2Valve Body
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3Others
  9.3.1 Market Trends
  9.3.2 Market Forecast

10 MARKET BREAKUP BY MATERIAL

10.1Stainless Steel
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2Cast Iron
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3Alloy Based
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4Others
  10.4.1 Market Trends
  10.4.2 Market Forecast

11 MARKET BREAKUP BY END-USE INDUSTRY

11.1Oil & Gas
  11.1.1 Market Trends
  11.1.2 Market Forecast
11.2Water & Wastewater Treatment
  11.2.1 Market Trends
  11.2.2 Market Forecast
11.3Energy & Power
  11.3.1 Market Trends
  11.3.2 Market Forecast
11.4Pharmaceutical & Healthcare
  11.4.1 Market Trends
  11.4.2 Market Forecast
11.5Chemicals
  11.5.1 Market Trends
  11.5.2 Market Forecast
11.6 Building & Construction
  11.6.1 Market Trends
  11.6.2 Market Forecast
11.7Others
  11.7.1 Market Trends
  11.7.2 Market Forecast

12 MARKET BREAKUP BY REGION

12.1North America
  12.1.1 United States
    12.1.1.1 Market Trends
    12.1.1.2 Market Forecast
  12.1.2 Canada
    12.1.2.1 Market Trends
    12.1.2.2 Market Forecast
12.2Asia Pacific
  12.2.1 China
    12.2.1.1 Market Trends
    12.2.1.2 Market Forecast
  12.2.2 Japan
    12.2.2.1 Market Trends
    12.2.2.2 Market Forecast
  12.2.3 India
    12.2.3.1 Market Trends
    12.2.3.2 Market Forecast
  12.2.4 South Korea
    12.2.4.1 Market Trends
    12.2.4.2 Market Forecast
  12.2.5 Australia
    12.2.5.1 Market Trends
    12.2.5.2 Market Forecast
  12.2.6 Indonesia
    12.2.6.1 Market Trends
    12.2.6.2 Market Forecast
  12.2.7 Others
    12.2.7.1 Market Trends
    12.2.7.2 Market Forecast
12.3Europe
  12.3.1 Germany
    12.3.1.1 Market Trends
    12.3.1.2 Market Forecast
  12.3.2 France
    12.3.2.1 Market Trends
    12.3.2.2 Market Forecast
  12.3.3 United Kingdom
    12.3.3.1 Market Trends
    12.3.3.2 Market Forecast
  12.3.4 Italy
    12.3.4.1 Market Trends
    12.3.4.2 Market Forecast
  12.3.5 Spain
    12.3.5.1 Market Trends
    12.3.5.2 Market Forecast
  12.3.6 Russia
    12.3.6.1 Market Trends
    12.3.6.2 Market Forecast
  12.3.7 Others
    12.3.7.1 Market Trends
    12.3.7.2 Market Forecast
12.4Latin America
  12.4.1 Brazil
    12.4.1.1 Market Trends
    12.4.1.2 Market Forecast
  12.4.2 Mexico
    12.4.2.1 Market Trends
    12.4.2.2 Market Forecast
  12.4.3 Others
    12.4.3.1 Market Trends
    12.4.3.2 Market Forecast
12.5Middle East and Africa
  12.5.1 Market Trends
  12.5.2 Market Breakup by Country
  12.5.3 Market Forecast

13 SWOT ANALYSIS

13.1Overview
13.2Strengths
13.3Weaknesses
13.4Opportunities
13.5Threats

14 VALUE CHAIN ANALYSIS

15 PORTERS FIVE FORCES ANALYSIS

15.1Overview
15.2Bargaining Power of Buyers
15.3Bargaining Power of Suppliers
15.4Degree of Competition
15.5Threat of New Entrants
15.6Threat of Substitutes

16 PRICE ANALYSIS

17 COMPETITIVE LANDSCAPE

17.1Market Structure
17.2Key Players
17.3Profiles of Key Players
  17.3.1Christian Bьrkert GmbH & Co. KG
    17.3.1.1 Company Overview
    17.3.1.2 Product Portfolio
  17.3.2Curtiss-Wright Corporation
    17.3.2.1 Company Overview
    17.3.2.2 Product Portfolio
    17.3.2.3 Financials
    17.3.2.4 SWOT Analysis
  17.3.3Emerson Electric Co.
    17.3.3.1 Company Overview
    17.3.3.2 Product Portfolio
    17.3.3.3 Financials
    17.3.3.4 SWOT Analysis
  17.3.4Flowserve Corporation
    17.3.4.1 Company Overview
    17.3.4.2 Product Portfolio
    17.3.4.3 Financials
    17.3.4.4 SWOT Analysis
  17.3.5Honeywell International Inc.
    17.3.5.1 Company Overview
    17.3.5.2 Product Portfolio
    17.3.5.3 Financials
    17.3.5.4 SWOT Analysis
  17.3.6IMI plc
    17.3.6.1 Company Overview
    17.3.6.2 Product Portfolio
    17.3.6.3 Financials
    17.3.6.4 SWOT Analysis
  17.3.7KITZ Corporation
    17.3.7.1 Company Overview
    17.3.7.2 Product Portfolio
    17.3.7.3 Financials
  17.3.8SAMSON AG
    17.3.8.1 Company Overview
    17.3.8.2 Product Portfolio
    17.3.8.3 Financials
  17.3.9Spirax-Sarco Engineering plc
    17.3.9.1 Company Overview
    17.3.9.2 Product Portfolio
    17.3.9.3 Financials
  17.3.10Valvitalia SpA
    17.3.10.1 Company Overview
    17.3.10.2 Product Portfolio
    17.3.10.3 Financials
  17.3.11Velan Inc.
    17.3.11.1 Company Overview
    17.3.11.2 Product Portfolio
    17.3.11.3 Financials
    17.3.11.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Control Valves Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Control Valves Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Control Valves Market Forecast: Breakup by Size (in Million US$), 2023-2028
Table 4: Global: Control Valves Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 5: Global: Control Valves Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 6: Global: Control Valves Market Forecast: Breakup by Material (in Million US$), 2023-2028
Table 7: Global: Control Valves Market Forecast: Breakup by End-Use Industry (in Million US$), 2023-2028
Table 8: Global: Control Valves Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 9: Global: Control Valves Market: Competitive Structure
Table 10: Global: Control Valves Market: Key Players

LIST OF FIGURES

Figure 1: Global: Control Valves Market: Major Drivers and Challenges
Figure 2: Global: Control Valves Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Control Valves Market: Breakup by Type (in %), 2022
Figure 4: Global: Rotary Control Valves Market: Breakup by Type (in %), 2022
Figure 5: Global: Linear Control Valves Market: Breakup by Type (in %), 2022
Figure 6: Global: Control Valves Market: Breakup by Size (in %), 2022
Figure 7: Global: Control Valves Market: Breakup by Technology (in %), 2022
Figure 8: Global: Control Valves Market: Breakup by Component (in %), 2022
Figure 9: Global: Control Valves Market: Breakup by Material (in %), 2022
Figure 10: Global: Control Valves Market: Breakup by End-Use Industry (in %), 2022
Figure 11: Global: Control Valves Market: Breakup by Region (in %), 2022
Figure 12: Global: Control Valves Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 13: Global: Control Valves (Rotary Valves) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Control Valves (Rotary Valves) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Control Valves (Linear Valves) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Control Valves (Linear Valves) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Control Valves (Up to 1') Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Control Valves (Up to 1') Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Control Valves (>1' to 7') Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Control Valves (>1' to 7') Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Control Valves (>7' to 25') Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Control Valves (>7' to 25') Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Control Valves (>25' to 50') Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Control Valves (>25' to 50') Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Control Valves (>50' and Above) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Control Valves (>50' and Above) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Control Valves (Electric) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Control Valves (Electric) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Control Valves (Hydraulic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Control Valves (Hydraulic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Control Valves (Manual) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Control Valves (Manual) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Control Valves (Pneumatic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Control Valves (Pneumatic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Control Valves (Actuators) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Control Valves (Actuators) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Control Valves (Valve Body) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Control Valves (Valve Body) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Control Valves (Other Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Control Valves (Other Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Control Valves (Stainless Steel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Control Valves (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Control Valves (Cast Iron) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Control Valves (Cast Iron) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Control Valves (Alloy Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Control Valves (Alloy Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Control Valves (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Control Valves (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Global: Control Valves (Oil & Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Global: Control Valves (Oil & Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Global: Control Valves (Water & Wastewater Treatment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Global: Control Valves (Water & Wastewater Treatment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Global: Control Valves (Energy & Power) Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Global: Control Valves (Energy & Power) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Global: Control Valves (Pharmaceutical & Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Global: Control Valves (Pharmaceutical & Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Global: Control Valves (Chemicals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Global: Control Valves (Chemicals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Global: Control Valves (Building & Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Global: Control Valves (Building & Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Global: Control Valves (Other End-Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Global: Control Valves (Other End-Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: North America: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: North America: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: United States: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: United States: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Canada: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Canada: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Asia Pacific: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Asia Pacific: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: China: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: China: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Japan: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Japan: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: India: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: India: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: South Korea: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: South Korea: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Australia: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Australia: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Indonesia: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Indonesia: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Europe: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Europe: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Germany: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Germany: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: France: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: France: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: United Kingdom: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: United Kingdom: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Italy: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Italy: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: Spain: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 96: Spain: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 97: Russia: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 98: Russia: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 99: Others: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 100: Others: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 101: Latin America: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 102: Latin America: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 103: Brazil: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 104: Brazil: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 105: Mexico: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 106: Mexico: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 107: Others: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 108: Others: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 109: Middle East and Africa: Control Valves Market: Sales Value (in Million US$), 2017 & 2022
Figure 110: Middle East and Africa: Control Valves Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 111: Global: Control Valves Industry: SWOT Analysis
Figure 112: Global: Control Valves Industry: Value Chain Analysis
Figure 113: Global: Control Valves Industry: Porter’s Five Forces Analysis


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