Globally, Power Generation to Remain the Largest Application Area of Control Valves

The control valve market was valued at USD 11.4 billion by 2024, registering a CAGR 6.9% during the forecast period (2018 - 2024). They are extensively being used for regulating process variables such as temperature, flow, fluid level and pressure in the process industries such as chemicals, oil & gas, power generation, food & beverages, mining, water management and pharmaceuticals segment.

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With ever increasing population the demand for energy is also being affecting in a positive way and is growing at a substantial proportion. Furthermore, countries in emerging economies such as India and China are rampantly observing demand for power generation which in turn is accelerating the demand for global control valves market. Moreover, increasing awareness regarding the saving and producing of energy along with excessive consumption of energy from the middle-class population in countries such as China, Brazil, India and Russia are further strengthening the growth of global control valves market.

Also, increasing demand for efficient and safe waste disposal facilities and waste collection is another factor that is pertaining to drive the growth of global control valves market. It has been observed that in India the health and safety guideline along with waste management projects such as redevelopment and closure projects in southern India are getting updated as a result of which the control valves market is growing at an exponential rate.

However, introduction of several stringent regulations regarding environmental pollution are being executed in the development of control valves. Due to introduction of several stringent environment laws the global control valves market is expected to be impacted in a negative manner at a significant pace in the near future such as the sales and design of control valves. Moreover, these factors are expected to further hamper the growth of global control valves market.

Among different types of control valves, it has been expected that by 2024, butterfly valve is expected to generate largest revenue in the global control valves market owing to its expansive demand from process industries from several developing economies such as China, Brazil and India. Of all the applications of control valves, power generation is the largest application area in the market in terms of value.

Geographically, Asia-Pacific has been generating largest revenue of in 2017 and is further projected to generate largest revenue by 2024 in the global control valves market.

Some of the key players in the global control valves market include Burkert Fluid Control System, Curtiss-Wright Corporation, Emerson, Flowserve Corporation, Crane Co., Alfa Laval, Velan Inc., Samson AG, Pentair PLC., and Kitz Corporation.

Global Control Valves Market Coverage

Actuation Technology Insight and Forecast 2014 - 2024

• Manual Control Valve
• Hydraulic Control Valve
• Electric Control Valve
• Pneumatic Control Valve

Type Insight and Forecast 2014 - 2024

• Ball Valve
• Butterfly Valve
• Globe Valve
• Cryogenic Valve
• Gate Valve
• Diaphragm Valve
• Others

Application Insight and Forecast 2014 - 2024

• Water & Wastewater
• Pharmaceuticals
• Oil & Gas
• Chemicals
• Food & Beverages
• Automotive
• Energy & Power
• Building & Construction
• Others

Geographical Segmentation

Control Valves Market by Region

North America

U.S.

• By Actuation Technology
• By Type
• By Application

Canada

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Mexico

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Europe

Germany

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U.K.

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France

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Italy

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Spain

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Netherlands

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Russia

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Rest of Europe

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Asia-Pacific

Japan

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China

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India

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South Korea

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Thailand

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Indonesia

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Rest of Asia-Pacific

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Rest of the World (RoW)

Brazil

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Saudi Arabia

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South Africa

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UAE

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Argentina

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Others

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