Control Valve Industry worth $13.0 billion by 2029
The report "Control Valve Market by Material (Stainless Steel, Cast Iron, Cryogenic, Alloy Based), Component (Actuators, Valve Body), Size, Type (Rotary, Linear), Industry (Oil & Gas, Water & Wastewater, Energy & Power, Chemicals) & Region - Global Forecast to 2029" The global Control Valve industry size is expected to grow from USD 10.0 billion in 2024 to USD 13.0 billion by 2029, registering a CAGR of 5.4%. The global market for control valves has experienced significant growth driven by heightened industrial automation, a growing need for precise process control, and advancements in valve technology, resulting in enhanced operational efficiency and reliability.
Browse 164 market data Tables and 72 Figures spread through 215 Pages and in-depth TOC on "Control Valve Industry"
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Control Valve Industry Segmentation
By segment, control valve industry for actuator component to hold the largest market share in the year 2023.
The Actuator in Control Valve sector is witnessing significant expansion, fueled by rising industrial automation demands and the necessity for precise regulation across diverse domains like oil & gas, water treatment, and manufacturing. Technological progressions and efficiency priorities are further driving market growth, stimulating innovation and uptake.
By segment, control valve industry for Alloy-based control valve to record the highest CAGR during the forecast period.
Alloy-based materials are experiencing increased adoption in control valve construction, facilitating robustness and efficiency in fluid flow regulation. Renowned for their exceptional resistance to corrosion and impressive mechanical strength, these materials ensure prolonged durability and optimal performance even in demanding environments. Their growing prominence underscores a strategic shift towards more dependable and enduring components, enhancing industrial processes' reliability and safety.
By segment, control valve industry for Rotary Valves to hold the largest market share in the year 2023.
The market for control valves has seen a surge in the utilization of rotary valves, renowned for their precise control and reliability. With applications spanning across industries like oil and gas, chemicals, and power generation, rotary valves' effective flow regulation capabilities and advancements in design and materials have driven their widespread adoption and prominence in the market.
By segment, control valve industry for >6"-25" control valve to record the highest CAGR during the forecast period.
The worldwide demand for control valves ranging from >6"-25" has surged, driven by the expansion of industrial infrastructure, especially in energy, oil and gas, and water treatment sectors. Increasing automation needs and advancements in valve technology have played pivotal roles in facilitating this growth, catering to diverse industrial requirements on a global scale.
By segment, control valve industry for Pulp & Paper to record the highest CAGR during the forecast period.
Control valves play a vital role in the pulp and paper industry, facilitating precise control over the flow of various fluids in the manufacturing process. Their growth in this sector has been propelled by advancements in automation, efficiency demands, and environmental regulations. With increasing emphasis on optimizing production and reducing waste, control valves have become indispensable components, ensuring the smooth operation and enhanced productivity of pulp and paper mills.
Control Valve Industry Regional Analysis
By region, control valve industry in Asia Pacific is expected to grow at the highest CAGR from 2024 to 2029.
The Asia Pacific control valve industry has seen significant growth due to industrialization, infrastructure development, and increasing demand for process automation across sectors like oil & gas, power generation, and water treatment. Advancements in technology and the adoption of smart valve solutions have further propelled this expansion. This trend is expected to continue as industries prioritize enhancing efficiency, reliability, and safety in their operations.
Control Valve Industry Key Players
Key players operating in the Control Valve industry include 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), Christian Bürkert GmbH & Co. KG (Germany) and Others in the Control Valve Industry.
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