Control Valve Market

Emerson (US) and IMI plc (UK) are leading players in the Control Valve Market

The control valve market was valued at USD 8.0 billion in 2019 and is projected to reach USD 11.3 billion by 2025; it is expected to grow at a CAGR of 5.9% during the forecast period. Rising demand for energy in APAC, increasing adoption of valves in oil and gas production-related firms in GCC countries, growing need for the connected network to maintain and monitor various equipment in plants, and surging focus on establishing new nuclear plants and upscaling of existing ones are the key driving factors for the control valve market.

The key players adopted acquisitions and mergers as the growth strategies to enhance their portfolio and increase their market share. Bürkert Fluid Control Systems (Germany), Emerson (US), Flowserve (US), IMI plc. (UK), Curtiss Wright (US), Trillium Flow Technologies (Weir Group) (US), Cameron - Schlumberger (US), Spirax Sarco (UK), Crane Co. (US), KITZ Corporation (Japan), Samson Controls (Germany), Metso Corporation (Finland), Neway Valves (China), Alfa Laval (Sweden), Velan Inc. (Canada), AVK Holdings (Denmark), Avcon Controls (India), HAM-LET (Israel), Dwyer Instruments (US), Apollo Valves (US), and Swagelok (US) are among the major players in the control valve market.

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Emerson (US) was incorporated in 1890 in Missouri and headquartered in the US. Emerson is one of the leaders in providing engineering and technology solutions for customers in industrial, commercial, and residential markets. Emerson has two major core business platforms—Automation Solutions and Commercial & Residential Solutions. Through the Automation Solutions segment, the company offers measurement and analytical instrumentation tools, valves, actuators and regulators, industrial solutions, and process control systems and solutions for industries such as oil & gas, chemicals, power, refining, and life sciences. Emerson has shown a superior ability to drive the control valve market through strategic acquisitions and continuous growth in the oil & gas, petrochemicals, power generation, and pharmaceuticals industries. For instance, in 2018, Emerson acquired Advanced Engineering Valves (Belgium), a leading manufacturer of innovative valve technology that helps LNG customers operate more efficiently. Moreover, in 2017, Emerson acquired the Valves & Controls business from Pentair plc to offer a wide range of control valves through its extensive global network of more than 200 service centers.

Founded in 1972, IMI plc (UK) is one of the leading engineering companies involved in designing, manufacturing, and servicing highly engineered products that control the precise movement of fluids. The company’s innovative technologies pertaining to valves and actuators enable vital processes to operate safely, cleanly, efficiently, and cost-effectively. The company has manufacturing facilities in more than 20 countries and a global service network. IMI offers control valves under the following brands: IMI Bopp & Reuther, IMI CCI, IMI Fluid Kinetics, IMI InterAtiva, IMI Orton, IMI Remosa, IMI SSF, IMI TH Jansen, IMI Truflo Marine, IMI Truflo Rona, IMI Truflo Italy, IMI Norgren. The company offers control valves for the power, oil & gas, petrochemicals, and other industries. The company is continuing to strengthen its presence across the world by opening new facilities in emerging markets. This expansion has helped the company to offer aftermarket services to local customers and increase its global footprint. As the Asian market offers significant growth potential, the company has been focusing on expanding its presence in the region. For instance, in 2019, IMI Critical Engineering opened a new facility in Japan. This facility helped the company to realign its global footprint. The new plant will focus on the design and manufacturing of large valves and hydraulic actuating systems.

Related Reports:

Control Valve Market by Material, Component (Actuators, Valve Body), Valve Size, Valve Type (Rotary and Linear), Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Chemicals), and Region - Global Forecast to 2025

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Report Code
SE 3119
RI Published ON
10/3/2019
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