The global control valve market market size was valued at USD 5.5 billion in 2020 and is projected to reach USD 10.6 billion by 2025. It is expected to grow at a CAGR of 14.2% during the forecast period. Increasing demand for valves from healthcare and pharmaceuticals industries due to outbreak of COVID-19 pandemic, rising demand for energy in APAC, growing need for connected networks to maintain and monitor industrial equipment, and surging focus on establishing new nuclear power plants and upscaling of existing ones are the key driving factors for the control valve market.
The control valve market comprises major players such as Christian Burkert (Germany), Emerson (US), Flowserve Corporation (US), Cameron (Schlumberger Company) (US), IMI PLC (UK), Neles Corporation (Finland), Crane Co. (US), Samson Controls (US), Kitz Corporation (Japan), Neway Valve (China), Ham-Let (Israel), Trillium Flow Technologies (UK), Alfa Laval (Sweden), Apollo Valves (US), Spirax Sarco (UK), Curtiss-Wright Corporation (US), Dwyer Instruments (US), AVK Holdings A/S (Denmark), Velan, Inc. (Canada), Swagelok (US), and Avcon Control (India) are the key players in the control valve market. These top players have strong portfolios of products and services and presence in both mature and emerging markets.
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Christian Bürkert (Bürkert Fluid Control Systems) is one of the leading manufacturers of measuring, controlling, and regulating systems for fluids and gases. Bürkert offers varieties of fluid control systems and components ranging from valves, process interfaces, controllers, pumps, filtration modules, sensors, transmitters, and actuators for breweries and labs, as well as for medical, bioengineering, and aerospace applications. The company offers different types of control valves, namely, globe valves, diaphragm valves, angle seat valves, ball valves, butterfly valves, and disc valves for level control, flow control, pressure control, temperature control, and analysis control applications in industries such as automotive, biotechnology, chemicals, electronics, energy, genetic engineering, semiconductor, cosmetic, food & beverages, and pharma, engineering, medical, sanitary engineering, textiles, packaging, and water & wastewater treatment.
Emerson is one of the leaders in providing engineering and technology solutions for customers in industrial, commercial, and residential markets. Emerson has 2 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. The company offers different types of control valves, such as globe valves, angle valves, segmented ball valves, three-way valves, ball valves, eccentric plug valves, high-performance butterfly valves, and severe service control valves for several applications in industries such as automotive, chemicals, food & beverages, oil & gas, power generation, pulp & paper, and water & wastewater treatment by providing maintenance services, reliability services, performance services, and educational services.
Control Valve Market with COVID-19 Impact Analysis, By Material, Component (Actuators, Valve Body), Size, Type (Rotary and Linear), Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Chemicals), and Region - Global Forecast to 2025
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