Control Valves Market by Size, Product (Linear, and Rotary Valves), Industry (Oil & Gas, Water & Wastewater, Energy & Power, Chemical, Food & Beverage, Pharmaceutical), Component (Actuators, Valve Body), and Geography - Global Forecast to 2023

The control valves market was valued at USD 6.78 Billion in 2016 and is expected to reach USD 9.88 Billion by 2023, at a CAGR of 5.33% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period provided is between 2017 and 2023. The objective of the report is to provide a detailed analysis of the market based on component, product, size, industry, and region; information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges); and a detailed value chain analysis. Moreover, its objective is to strategically profile key players and comprehensively analyze their market share and core competencies, along with detailing the competitive landscape for the market leaders; and to analyze competitive developments such as joint ventures, mergers & acquisitions, and product launches, along with research and development (R&D) in the control valves market.

The research methodology used to estimate and forecast the size of the control valves market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources referred to for this research include information from various journals and databases such as IEEE journals, Factiva, Hoover’s, and OneSource. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the control valves market from the revenues of the key players in this market. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

After arriving at the overall market size, the total market has been split into several segments and subsegments. The following illustration shows the breakdown of the primaries conducted during the research study on the basis of company type, designation, and region.

To know about the assumptions considered for the study, download the pdf brochure

The control valves ecosystem comprises manufacturers such as Burkert Fluid Control System (Germany), Curtiss-Wright (North Carolina), Crane Co. (US), Emerson (US), Flowserve Corporation (US), Alfa Laval (US), IMI Plc. (UK), Kitz Corporation (Japan), Metso (Finland), Neway Valves (China), Velan Inc. (Canada), Samson AG (Germany), Spirax Sarco (UK), The Weir Group PLC (UK), and Pentair Plc. (UK).

The target audience for the report includes:

• Raw material and manufacturing equipment suppliers
• Integrated device manufacturers (IDMs)
• Control valves component manufacturers
• Control valves product manufacturers (ODMs)
• Control valves original equipment manufacturers (OEMs)
• ODM and OEM technology solution providers
• Assembly, testing, and packaging vendors
• Distributors and traders
• Research organizations
• Organizations, forums, alliances, and associations

“The study answers several questions for the stakeholders, primarily, which market segments to focus on in the next two to eight years for prioritizing efforts and investments”.

The market covered under this report has been segmented as follows:

Control Valves Market, by Component

• Actuators 
• Valve Body
• Others (Positioners, I/P Connectors)
• Control Valves Market, by Valve Type
• Rotary Valves (Ball Valves, Butterfly Valves, Plug Valves)
• Linear Valves (Gate Valves, Diaphragm Valves, Other Valves)

Control Valves Market, by Size

• Up to 1”
• 1”-6”
• 6”-25”
• 25”- 50”
• 50” and Above

Control Valves Market, by Industry

• Oil & Gas
• Water & Waste Water
• Energy & Power
• Chemicals
• Food & Beverages
• Pharmaceuticals
• Building & Construction
• Others (Pulp & Paper and Agriculture)

Control Valves Market, by Industry

• North America
• Europe
• APAC
• RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain

Industry Analysis

Further breakdown of the industry segment, by size and by end connection

Geographic Analysis

Further breakdown of the geography segment, by product by size and by application

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
           1.3.3 Geographic Scope
    1.4 Currency
    1.5 Stakeholders
    1.6 Limitations

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
           2.2.3 Market Share Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in the Overall Control Valves Market
    4.2 Control Valves Market, By Size
    4.3 Market, By Industry
    4.4 Region Analysis of the Market
    4.5 Control Valves Market, By Region
    4.6 Market, By Valve Type

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Need for Wireless Infrastructure to Maintain/Monitor Equipment in Various Plants
                    5.2.1.2 Revenue Shift in the Industry
                    5.2.1.3 Rising Demand for Control Valves for Oil & Gas and Subsea Applications
                    5.2.1.4 Increased Focus on Plant Automation
                    5.2.1.5 Rising Number of New Nuclear Plants and Enhancement of Existing Plants
           5.2.2 Restraints
                    5.2.2.1 Lack of Common Platforms for Zigbee, Profibus, and Ethernet
                    5.2.2.2 High Initial Investments in Valve Projects
                    5.2.2.3 Downtime Due to Repairing of Valves
           5.2.3 Opportunities
                    5.2.3.1 Increasing Integration of Iiot With Valves
                    5.2.3.2 Replacement of Valves
                    5.2.3.3 New Oil Explorations and Revamp of Old Sites in the Middle East
                    5.2.3.4 Increasing Importance of Customer Services
           5.2.4 Challenges
                    5.2.4.1 Consolidation Within the Industry
                    5.2.4.2 Minimizing Lead Time

6 Industry Trends (Page No. - 38)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Consumer Buying Process

7 Control Valves Market, By Component (Page No. - 41)
    7.1 Introduction
    7.2 Valve Body
    7.3 Actuators
    7.4 Others

8 Control Valves Market, By Size (Page No. - 46)
    8.1 Introduction
    8.2 Up to 1”
    8.3 1”–6”
    8.4 6”–25”
    8.5 25” –50”
    8.6 50” & Above

9 Control Valves Market, By Valve Type (Page No. - 52)
    9.1 Introduction
    9.2 Linear Valves
           9.2.1 Gate Valves
           9.2.2 Diaphragm Valves
           9.2.3 Others Valves
    9.3 Rotary Valves
           9.3.1 Ball Valves
           9.3.2 Butterfly Valves
           9.3.3 Plug Valves

10 Control Valves Market, By Industry (Page No. - 58)
     10.1 Introduction
     10.2 Oil & Gas
     10.3 Water & Wastewater
     10.4 Energy & Power
     10.5 Pharmaceuticals
     10.6 Food & Beverages
     10.7 Chemicals
     10.8 Building & Construction
     10.9 Others

11 Geographic Analysis (Page No. - 71)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia Pacific (APAC)
     11.5 Rest of the World (RoW)

12 Competitive Landscape (Page No. - 98)
     12.1 Overview
     12.2 Market Ranking Analysis
     12.3 Competitive Scenario
             12.3.1 Product Launches
             12.3.2 Acquisitions, Expansions, Demonstrations, and Others
     12.4 Vendor Dive Analysis
             12.4.1 Vanguards
             12.4.2 Dynamic Players
             12.4.3 Innovators
             12.4.4 Emerging Players
     12.5 Business Strategies Adopted By Major Players in the Market (For 25 Players)
     12.6 Product Offerings By Major Players in the Market (For 25 Players)

13 Company Profiles (Page No. - 107)
     13.1 Introduction
(Overview, Financials, Products & Services, Strategy, and Developments)*
     13.2 Burkert Fluid Control System
     13.3 Curtiss-Wright Corporation
     13.4 Crane Co.
     13.5 Emerson
     13.6 Flowserve Corporation
     13.7 Alfa Laval
     13.8 IMI PLC
     13.9 Neway Valves (Suzhou) Co., Ltd.
     13.10 Velan Inc.
     13.11 Samson AG.
     13.12 Pentair PLC.
     13.13 Kitz Corporation
     13.14 Metso
     13.15 The Weir Group PLC
     13.16 Spirax Sarco Limited

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 157)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details

List of Tables (63 Tables)

Table 1 Control Valves Market, By Component, 2014–2023 (USD Million)
Table 2 Linear Control Valves Market, By Component, 2014–2023 (USD Million)
Table 3 Rotary Market, By Component, 2014–2023 (USD Million)
Table 4 Market for Valve Body, By Valve Type, 2014–2023 (USD Million)
Table 5 Market for Actuators, By Valve Type, 2014–2023 (USD Million)
Table 6 Market for Actuators, By Type, 2014–2023 (USD Million)
Table 7 Market for Other Components, By Valve Type, 2014–2023 (USD Million)
Table 8 Market, By Size, 2014–2023 (USD Million)
Table 9 Linear Market, By Size, 2014–2023 (USD Million)
Table 10 Roatry Market, By Size, 2014–2023 (USD Million)
Table 11 Market for Valves With A Size of Up to 1”, By Valve Type, 2014–2023 (USD Million)
Table 12 Market for Valves With A Size of 1”–6”, By Valve Type, 2014–2023 (USD Million)
Table 13 Market for Valves With A Size of 6”–25”, By Valve Type, 2014–2023 (USD Million)
Table 14 Market for Valves With A Size of 25” – 50”, By Valve Type, 2014–2023 (USD Million)
Table 15 Market for Valves With A Size of 50” & Above, By Valve Type, 2014–2023 (USD Million)
Table 16 Market, By Valve Type, 2014–2023 (USD Million)
Table 17 Market for Linear Valves, By Type, 2014–2023 (USD Million)
Table 18 Market for Linear Valves, By Industry, 2014–2023 (USD Million)
Table 19 Market for Rotary Valves, By Type, 2014–2023 (USD Million)
Table 20 Market for Rotary Valves, By Industry, 2014–2023 (USD Million)
Table 21 Market, By Industry, 2014–2023 (USD Million)
Table 22 Oil Reserves & Consumption
Table 23 Natural Gas Production and Consumption
Table 24 Market for Oil & Gas Industry, By Region, 2014–2023 (USD Million)
Table 25 Market for Water & Wastewater Industry, By Region, 2014–2023 (USD Million)
Table 26 Coal Production & Consumption
Table 27 Market for Energy & Power Industry, By Region, 2014–2023 (USD Million)
Table 28 Market for Pharmaceuticals Industry, By Region, 2014–2023 (USD Million)
Table 29 Market for By Food & Beverages Industry, By Region, 2014–2023 (USD Million)
Table 30 Market for Chemical Industry, By Region, 2014–2023 (USD Million)
Table 31 Market for Building & Construction Industry, By Region, 2014–2023 (USD Million)
Table 32 Market for Other Industries, By Region, 2014–2023 (USD Million)
Table 33 Market, By Region, 2014–2023 (USD Million)
Table 34 Control Valves Market in North America, By Country, 2014–2023 (USD Million)
Table 35 Market in North America, By Industry, 2014–2023 (USD Million)
Table 36 Market in the Us, By Industry, 2014–2023 (USD Million)
Table 37 Market in Canada, By Industry, 2014–2023 (USD Million)
Table 38 Market in Mexico, By Industry, 2014–2023 (USD Million)
Table 39 Market in North America, By Valve Type, 2014–2023 (USD Million)
Table 40 Market in Europe, By Country/Region, 2014–2023 (USD Million)
Table 41 Market in Europe, By Industry, 2014–2023 (USD Million)
Table 42 Market in the Uk, By Industry, 2014–2023 (USD Million)
Table 43 Market in Germany, By Industry, 2014–2023 (USD Million)
Table 44 Market in France, By Industry, 2014–2023 (USD Million)
Table 45 Market in Rest of Europe, By Industry, 2014–2023 (USD Million)
Table 46 Market in Europe, By Valve Type, 2014–2023 (USD Million)
Table 47 Market in APAC, By Country/Region, 2014–2023 (USD Million)
Table 48 Market in APAC, By Industry, 2014–2023 (USD Million)
Table 49 Market in China, By Industry, 2014–2023 (USD Million)
Table 50 Market in Japan, By Industry, 2014–2023 (USD Million)
Table 51 Market in India, By Industry, 2014–2023 (USD Million)
Table 52 Market in South Korea, By Industry, 2014–2023 (USD Million)
Table 53 Market in Rest of APAC, By Industry, 2014–2023 (USD Million)
Table 54 Market in APAC, By Valve Type, 2014–2023 (USD Million)
Table 55 Market in RoW, By Region, 2014–2023 (USD Million)
Table 56 Market in RoW, By Industry, 2014–2023 (USD Million)
Table 57 Market in the Middle East, By Industry, 2014–2023 (USD Million)
Table 58 Market in South America, By Industry, 2014–2023 (USD Million)
Table 59 Market in Africa, By Industry, 2014–2023 (USD Million)
Table 60 Market in RoW, By Valve Type, 2014–2023 (USD Million)
Table 61 Rank of the Top 6 Players in the Market, 2016
Table 62 10 Most Recent Product Launches in the Market
Table 63 5 Most Recent Acquisitions, Expansions, Demonstrations, and Others in the Market

List of Figures (59 Figures)

Figure 1 Control Valves Market Segmentation
Figure 2 Control Valve Market: Research Design
Figure 3 Research Flow of Market Size Estimation
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Size Estimation: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions of the Research Study
Figure 8 Roatry Valves to Hold A Larger Share of the Control Valves Market By 2023
Figure 9 Valves of Size 1”–6” to Hold the Largest Size of the Control Valves Market By 2023
Figure 10 Oil & Gas to Hold the Largest Size of the Control Valves Market By 2023
Figure 11 APAC to Be the Fastest-Growing Market for Control Valves Between 2017 and 2023
Figure 12 Rising Demand for Wireless Infrastructure for Maintaining and Monitoring Equipment in Plants to Increase the Demand for Control Valves During the Forecast Period
Figure 13 Valves of 1”–6” to Hold the Largest Size of the Control Valves Market By 2023
Figure 14 Oil & Gas Industry to Hold the Largest Share of the Control Valves Market By 2023
Figure 15 Control Valves Market in APAC to Grow at the Highest Rate Between 2017 and 2023
Figure 16 Market in APAC Expected to Grow at the Highest Rate During the Forecast Period
Figure 17 Rotary Valves to Hold the Largest Size of the Control Valves Market By 2023
Figure 18 Value Chain Analysis: Major Value Added During the Raw Material and Component Suppliers, and Original Equipment Manufacturers (OEM) Phases
Figure 19 Consumer Buying Process
Figure 20 Actuators to Lead the Control Valves Market During the Forecast Period
Figure 21 Valves With A Size of 1”–6” to Lead the Control Valves Market During the Forecast Period
Figure 22 Market for Rotary Valves to Grow at A Higher Rate During the Forecast Period
Figure 23 Market for Energy & Power Industry to Grow at the Highest Rate During the Forecast Period
Figure 24 Oil Industry Trend Between 2000 and 2015
Figure 25 Gas Industry Trend During Between 2000 and 2015
Figure 26 Comparative Primary Energy Consumption Over the Past 15 Years
Figure 27 Control Valves Market: Geographic Snapshot
Figure 28 Regional Share of Natural Gas Production in 2015
Figure 29 Snapshot of the Control Valves Market in North America
Figure 30 Oil Industry Production Data & YOY Growth Rate (%) in the Us (2015)
Figure 31 Gas Industry Production Data & YOY Growth Rate (%) in Us (2015)
Figure 32 Oil Industry Production Data & YOY Growth Rate (%) in Canada (2015)
Figure 33 Gas Industry Production Data & YOY Growth Rate (%) in Canada (2015)
Figure 34 Oil Industry Production Data & YOY Growth Rate (%) in Mexico (2015)
Figure 35 Gas Industry Production Data & YOY Growth Rate (%) in Mexico (2015)
Figure 36 Oil Production Data & YOY Growth Rate% in Europe (2015)
Figure 37 Snapshot of the Control Valves Market in Europe
Figure 38 Oil Production Data & YOY Growth Rate (%) in APAC (2015)
Figure 39 Gas Production Data & YOY Growth Rate (%) in APAC (2015)
Figure 40 Snapshot of the Control Valves Market in APAC
Figure 41 Snapshot of the Market in RoW
Figure 42 Companies Adopted Product Launches as the Key Growth Strategy Between January 2014 and March 2017
Figure 43 Control Valves Market Evaluation Framework
Figure 44 Battle for Market Share
Figure 45 Dive Chart (Dynamic Players, Innovators, Vanguards, and Emerging Players)
Figure 46 Geographic Revenue Mix of the Top 5 Players in the Control Valves Market
Figure 47 Curtiss-Wright Corporation: Company Snapshot
Figure 48 Crane Co.: Company Snapshot
Figure 49 Emerson: Company Snapshot
Figure 50 Flowserve Corporation: Company Snapshot
Figure 51 Alfa Laval: Company Snapshot
Figure 52 IMI PLC : Company Snapshot
Figure 53 Neway Valves (Suzhou) Co., Ltd.: Company Snapshot
Figure 54 Velan Inc.: Company Snapshot
Figure 55 Pentair PLC.: Company Snapshot
Figure 56 Kitz Corporation: Company Snapshot
Figure 57 Metso Corporation: Company Snapshot
Figure 58 The Weir Group PLC: Company Snapshot
Figure 59 Spirax Sarco Limited: Company Snapshot

The control valves market is expected to be valued at USD 9.88 Billion by 2023, growing at a CAGR of 5.33% between 2017 and 2023. The growth of this market is driven by factors such as increasing need for wireless infrastructure to maintain/monitor equipment in various plants, revenue shift in the industry, rising demand for control valves for oil & gas and subsea applications, increased focus on automation, and rising number of new nuclear plants and enhancement of existing plants. The industry is moving toward valve technology with embedded processors and networking capability to work alongside sophisticated monitoring technology coordinated through a central control station. Control valves are linked to an extended data network, coordinating control valve operations with the increasingly detailed data available on flow rates and operating conditions. Through the wireless infrastructure monitoring of valve conditions, predictive maintenance can be achieved and unplanned shutdown of plants can be avoided.

This report segments the control valves market on the basis of component, valve type, size, industry, and region. The market for rotary valves is expected to grow at a high rate between 2017 and 2023. This growth can be attributed to the increasing demand for oil & gas, energy & power, food & beverages, chemicals, building and contraction, and water & wastewater applications from growing economies such as China, India, and Brazil, and Gulf Cooperation Council (GCC) countries.

The control valves market for the energy & power vertical is expected to grow at a high rate between 2017 and 2023. This market growth can be attributed to the rapidly increasing population and rising demand for energy in emerging economies such as China, India, and Brazil.

The control valves market in APAC is expected to grow at a high rate between 2017 and 2023. The high growth can be attributed to the increasing demand for control valves from the oil & gas, chemicals, and water & wastewater industries. Developing economies such as China and India play a crucial role in the chemical processing industry since the demand generated from these economies would lead to the high growth of the market in APAC.

Lack of common platform such as Zigbee, Profibud, and Ethernet is one of the major factors restricting the growth of this market. Industry players are increasingly adopting new technologies such as IIoT and industry 4.0. There are no fix standards or regulations available for these technologies for use in any particular industry or application. Due to this, the adoption of new technologies is affected. Hence, the lack of common platforms such as Zigbee, Profibus, and Ethernet is restraining the growth of the control valves market.

The key players in this market include Crane Co. (US), Emerson (US), Flowserve Corporation (US), IMI Plc. (UK), Metso (Europe), Neway Valves (China), Velan Inc. (Canada), Samson AG (Germany), Spirax Sarco (UK), and The Weir Group Plc. (UK).

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