IMARC Group’s report titled “Control Valves Market Report by Type (Rotary Valves, Linear Valves), Size, Technology (Electric, Hydraulic, Manual, Pneumatic), Component (Actuators, Valve Body, and Others), Material (Stainless Steel, Cast Iron, Alloy Based, and Others), End-Use Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Pharmaceutical & Healthcare, Chemicals, Building & Construction, and Others), and Region 2024-2032“. The global control valves market size reached US$ 9.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.
Factors Affecting the Growth of the Control Valves Industry:
- Technological Advancements:
The valve undergoing rapid evolution, driven by the incorporation of cutting-edge smart and digital control valves. These next-generation valves boast advanced features that significantly improve precision, dependability, and efficiency in a wide range of process control applications. Furthermore, the integration of intelligent capabilities such as self-monitoring real-time performance analysis enables traditional valves to adapt and optimize processes in real-time, fueling growth in the, industries worldwide are increasingly adopting these advanced control valves to enhance system agility, reduce downtime, and optimize energy consumption.
- Rising Investments in Infrastructure:
Governments in different parts of the world, particularly those in developing areas, are putting resources into infrastructure developments. This has led to an increased demand for control, which play a crucial role in regulating flow and pressure in key infrastructure systems such as water treatment plants, power plants, and. As cities expand and require updated infrastructure, there is a growing need for dependable and effective control valves to manage services and utilities efficiently. With new projects being initiated and existing systems being improved to support growing populations and industries, the demand for advanced control valves is predicted to rise, contributing to market expansion.
- Expanding Oil & Gas Exploration and Production:
The increasing need for energy is leading to a growth in oil and gas exploration and production activities play a crucial role in the oil and gas industry, being widely used in upstream, midstream, and downstream operations. These valves help regulate the flow of oil and gas, maintain pressure, and ensure the safety and effectiveness of extraction processes. Furthermore, the market is expanding due to the transportation of hydrocarbons through pipelines to refining processes, where precise control is vital for optimizing yields and efficiency. The strong, long-lasting, and precise nature of control valves makes them essential in the challenging environments of the oil and gas sector, contributing to market growth.
Leading Companies Operating in the Global Control Valves Industry:
- Christian Bürkert GmbH & Co. KG
- Curtiss-Wright Corporation
- Emerson Electric Co.
- Flowserve Corporation
- Honeywell International Inc.
- IMI plc
- KITZ Corporation
- SAMSON AG
- Spirax-Sarco Engineering plc
- Valvitalia SpA
- Velan Inc
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/control-valves-market/requestsample
Control Valves Market Report Segmentation:
By Type:
- Rotary Valves
- Ball Valve
- Butterfly Valves
- Plug Valves
- Linear Valves
- Gate Valves
- Diaphragm Valves
- Other Valves
Linear valves represent the largest market share due to their versatility in regulating flow and pressure across various applications.
By Size:
- Up to 1″
- >1″ to 7″
- >7″ to 25″
- >25″ to 50″
- >50″ and Above
The >1″ to 7″ range holds the largest market share as it accommodates a wide range of industrial processes without sacrificing precision or efficiency.
By Technology:
- Electric
- Hydraulic
- Manual
- Pneumatic
Pneumatic represents the largest market segment due to its reliability, cost-effectiveness, and suitability for various industrial environments.
By Component:
- Actuators
- Valve Body
- Others
Actuators account for the largest market segment due to their crucial role in automating valve operations and ensuring precise control over fluid flow.
By Material:
- Stainless Steel
- Cast Iron
- Alloy Based
- Others
Alloy-based materials dominate the market segment due to their superior resistance to corrosion, rising temperatures, and pressure, ensuring durability and longevity in demanding industrial settings.
By End-Use Industry:
- Oil & Gas
- Water & Wastewater Treatment
- Energy & Power
- Pharmaceutical & Healthcare
- Chemicals
- Building & Construction
- Others
The oil & gas sector accounts for the largest market segment due to the critical role of control valves in regulating flow and maintaining operational efficiency in upstream, midstream, and downstream processes.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Global Control Valves Market Trends:
Today’s control valves are equipped with cutting-edge technology, including advanced sensors, actuators, and communication tools, which enable improved real-time monitoring, troubleshooting, allows for more efficient process optimization and proactive maintenance. Additionally, the integration of control valves with IIoT systems facilitates remote monitoring, data analysis, and predictive maintenance, driving the creation of intelligent factories and boosting overall operational efficiency. Furthermore, customers are increasingly demanding bespoke control valve solutions that meet their unique needs. To address modular designs and configurable options, making it easier to integrate control valves into
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