Control Valve Market Size, Share and Growth Analysis

The study involves four significant activities for estimating the size of the Control valve market. Exhaustive secondary research has been conducted to collect information related to the market. The next step is to validate these findings and assumptions related to the market size with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of the Control valve market. After that, market breakdown and data triangulation procedures were used to determine the extent of different segments and subsegments of the market.

Secondary Research

Secondary sources for this research study included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications, articles by recognized authors; directories; and databases. The secondary data has been collected and analyzed to determine the overall market size, further validated through primary research.

Primary Research

Extensive primary research has been conducted after gaining knowledge about the current scenario of the Control valve market through secondary research. Several primary interviews have been conducted with experts from the supply and demand sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data has been collected through questionnaires, emails, and telephonic interviews.

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Market Size Estimation

In the complete market engineering process, top-down and bottom-up approaches and several data triangulation methods have been implemented to estimate and validate the size of the Control valve market and other dependent submarkets listed in this report.

• The key players in the industry and markets have been identified through extensive secondary research.
• The supply chain of the industry and the market size, in terms of value, have been determined through primary and secondary research.
• All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Control Valve Market: Top-Down Approach

• In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits obtained from secondary and primary research.
•  For calculating the Control valve market segments, the market size obtained by implementing the bottom-up approach has been used to implement the top-down approach, which was later confirmed with the primary respondents across different regions.
• The bottom-up approach has also been implemented for the data extracted from secondary research to validate the market size of various segments.
• Each company’s market share has been estimated to verify the revenue shares used earlier in the bottom-up approach. With the help of data triangulation and validation of data through primary, the size of the overall Control valve and each market have been determined and confirmed in this study.

Control Valve Market: Bottom-up Approach

• The bottom-up approach was used to arrive at the overall size of the Control valve market from the revenue of key players and their market share.
• Identifying various industries using or expected to deploy Control valve by its type at their facilities.
• Analyzing the use cases across different regions and companies.
• Estimating the size of the Control valve market on the basis of the demand from these industries and companies
• Tracking the ongoing and upcoming installation contracts, acquisitions, expansions, and product launches by various companies, and forecasting the market based on these developments and other critical parameters.
• Conducting multiple discussions with key opinion leaders to understand Control valve Type & Component by companies in these industries to analyze the break-up of the scope of work carried out by each major company providing Control valve components.
• Arriving at the market estimates by analyzing the country-wise sales of Control valve solutions companies and combining this data to get the regional market estimates.
• Verifying and crosschecking the estimates at every level through discussions with key opinion leaders, including CEOs, directors, operations managers, and domain experts at MarketsandMarkets
• Studying various paid and unpaid information sources, such as annual reports, press releases, and white papers.

Data Triangulation

After arriving at the overall market size, the total market has been split into several segments. The market breakdown and data triangulation procedures have been employed wherever applicable to complete the overall market engineering process and arrive at exact statistics for all segments. The data was then triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Market Definition

A valve is a mechanical device that regulates the flow of liquid or gas in a process stream. A control valve is a device that uses an actuator to provide power for flow control. It is the most common final control element used in process industries to automatically regulate the pressure and flow rate of media (flowing gas, steam, water, or chemical compounds) within the required operating range. Control valves are vital when reliability and productivity are the primary objectives. The use of control valves helps prevent revenue loss due to leakages. Hence, these valves are an integral part of every industrial process. Varieties of valves, such as ball valves, butterfly valves, plug valves, and globe valves, are available in the market. Ball and globe valves are the most widely used valves in several end-user industries, such as oil & gas, energy & power, and water & wastewater treatment. The key players operating in this market are Christian Bürkert GmbH & Co. KG (Germany), Emerson Electric Co. (US), Flowserve Corporation (US), IMI (UK), Curtiss-Wright Corporation (US), Valmet (Finland), SLB (US), Spirax Sarco Limited (US), Crane Company (US), KITZ Corporation (Japan).

Key Stakeholders

• Original equipment manufacturers (OEMs)
• Providers of technology solutions
• Research institutes
• Market research and consulting firms
• Forums, alliances, and associations related to Control valve
• Technology investors
• Governments and financial institutions
• Analysts and strategic business planners
• Existing end users and prospective ones

Report Objectives:

• To describe and forecast the Control valve market in terms of value based on Component, Material, Type, Size, Industry and Region
• To describe and forecast the Control valve market size in terms of value for four main regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the Control valve market
• To provide a detailed overview of the supply chain of the ecosystem
• To analyze opportunities in the market for various stakeholders by identifying the high-growth segments of the market
• To analyze the probable impact of the recession on the market in the future
• To benchmark the market players using the proprietary company evaluation matrix framework, which analyzes the market players on various parameters within the broad categories of market ranking/share and product portfolio.
• To analyze competitive developments such as acquisitions, product launches, partnerships, expansions, and collaborations undertaken in the Control valve market

Available Customization:

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

Company Information:

• Detailed analysis and profiling of additional five market players