Control Valve Market

Key strategies adopted by the players to gain a competitive edge in the Control Valve Market

The overall control valve market is expected to grow from USD 7.48 billion in 2018 to USD 10.62 billion by 2024, at a CAGR of 6.02% from 2018 to 2024. The increased need for connected networks to maintain/monitor various equipment in plants and the installation of new nuclear plants, along with the upscaling of existing nuclear plants are the factors driving the growth of the control valve market.

Emerson (US), IMI PLC (US), Flowserve (US), and Weir Group (UK) are among the major players in the control valve market. Product launches and developments, mergers and acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships are a few key strategies adopted by the players to gain a competitive edge in the market.

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

Emerson is a leading provider in the automation solution. It provides industry-specific engineering, consulting, project management, and maintenance services to industries such as alternative energy, chemical, food & beverages, industrial energy, life sciences, marine, metals & mining, oil & gas, power, pulp & paper, refining, and water treatment industries. The company’s automation technologies, such as PlantWeb a digital architecture using predictive intelligence, have helped several organizations to improve their plant performance at reduced costs. The company offers diversified control valves such as globe valves, angle valves, segmented ball valves, three-way valves, ball valves, eccentric plug valves, high performance butterfly valves, and actuators. Owing to this, the company serves many industries such as automotive, chemical, food & beverages, oil & gas, power generation, pulp & paper, and water & wastewater industries by providing various services such as maintenance services, reliability services, performance services, and educational services. The brands associated with Emerson include ASCO, Anderson Greenwood, Bettis, Crosby, Fischer, Keystone, KTM, Pentair, and Vanessa. In October 2016, Emerson acquired the UK-based Permasense Limited. This acquisition helped Emerson invest in its central business platform and grow in markets that have a major growth opportunity.

Flowserve Corporation designs, manufactures, distributes, and services industrial flow management equipment. The Engineered Product Division (EPD) of Flowserve offers pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related equipment, as well as offers related services. Its Industrial Product Division (IPD) provides engineered and preconfigured industrial pumps and pump systems, including submersible motors and specialty products. The company’s Flow Control Division (FCD) offers control valve and automation solutions, including isolation and control valves, actuation, controls, and related equipment; and energy management products, such as steam traps, boiler controls, and condensate, and energy recovery systems. Flowserve provides its products to various industries such as oil and & gas, chemicals, water management, power generation, and other industries comprising mining and ore processing, pharmaceuticals, pulp and paper, food & beverages, and other smaller applications. The company offers a large category of control valves such as V-ball, V-plug, globe, turnion-mounted control ball valves, eccentric rotary plug control valves, integrated flow controllers, butterfly control valves, severe service, regulators, positioners, and actuators. The company also offers services, such as parts and services, repair and upgrades, field and support services, engineering services, and asset performance management, for end users. The company has strong certificate compliances as it has various industry certifications such as International Organization for Standardization (ISO), American Society of Clinical Oncology (ASCO), and Restriction of Hazardous Substances (ROHS). In October 2015, Flowserve Corporation acquired SIHI Group B.V., a global provider of engineered vacuum and fluid pumps and related services. This acquisition is expected to help Flowserve in additional engineering and manufacturing experience and provide an opportunity to influence global platforms to supply combined financial synergies.

Other major companies operating in the control valve market include Burkert Fluid Control Systems (Germany), Curtiss Wright (US), Cameron - Schlumberger (US), Crane Co. (US), Emerson (US), Flowserve (US), Forbes Marshall (India), IMI plc. (UK), Metso (Europe), Neway Valves (China), Velan Inc. (Canada), Samson AG (Germany), Spirax Sarco (UK), and Weir Group(UK).

Related Reports:

Control Valve Market by Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Valve Size, Valve Components (Actuators, Valve Body, Others), Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power), and Geography - Global Forecast to 2024

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Report Code
SE 3119
Published ON
Oct, 2018
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Control Valve Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
© MarketsandMarkets Research Private Ltd. All rights reserved