Control Valve Market Size Expected to Grow at a CAGR over 11.20% from 2023 to 2030

Control Valve Market Highlights

The control valve market is set to grow at a CAGR of 11.20% during the forecast period 2023 to 2032. The control valve market growth will be driven by the rise in distribution channels. Based on the research report, shifting trends in the consumer market will accelerate growth in the market till 2032. Although the high cost associated with services will have a negative impact on the global control valve market’s growth during this period. 

Inadequate research and development budgets are predicted to be a key challenge which could become a strong threat from 2023 to 2032 to companies. The control valve market report published by expert analysts includes primary and secondary data and suggests that valve size, end-use, and valve type segments are anticipated to witness tremendous growth till 2032. 

Factors such as the growing awareness will become key growth drivers during the forecast period and growing investments across different sectors is also said to be supporting the market globally, however, the control valve market growth projected for the forecast period could be affected by growing concerns related to the cost which could negatively affect activities taking place across the market. The lack of awareness is another challenge the market could face till 2032.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Control Valve Market Research Report.

Market Segmentation

The control valve market is segregated into different market segments based on valve size, end-use, and valve type. For a comprehensive analysis of the control valve market, the valve size, end-use, and valve type segments are further split into smaller segments. The valve size segment is categorized into below 1”, 1” to 6”, 25” to 50”, and above 50”. Furthermore, based on valve type, the global market is also segmented into ball, butterfly, check, diaphragm, gate, globe, and others.

Based on the market segmentation analysis, the report covers market forecasts. On the basis of end-use, the global control valve  market is split into sub segments including chemicals, energy & power, food & beverage, pharmaceuticals, water & wastewater treatment, oil & gas, and others. Based on components, the market is segmented into valve body, actuator, and others.

The increasing demand from many industry segments will support the control valve market growth from 2023 to 2032. As per the market research report, the global market for control valves is anticipated to grow at a healthy rate across all the valve size, end-use, and valve type segments. However, the presence of active threats such as the fluctuating raw material prices could hamper the market growth. Business activities across industrial equipment have also been examined and studied by industrial equipment sector’s experienced analysts. The control valve market research report covers findings with predictions and forecasts till 2032.

Regional Overview

The control valve market, with its product and service related segments, is spread across the world. Industrial equipment based regional markets are also covered in the market research report. The regional markets are Asia-Pacific, Europe, North America, the Middle East and Africa and the rest of the world. The growing application area of control valves is anticipated to be a major factor for growth across the industrial equipment space during the forecast period. 

The regional market in North America is classified as the United States, Mexico, Canada, and others. The industrial equipment sector based regional markets in Europe are split into Italy, Germany, France, and the United Kingdom. In the Asia Pacific region, the market is segmented into China, India, Japan, and others. Industrial equipment based businesses in these regional markets are anticipated to grow due to the increasing usage across different industries during the forecast period 2020 to 2026. 

Although the market’s growth could be affected by the lack of developed infrastructure for exploration activities. The analysts have also segmented markets of the Middle East, Africa, and the rest of the world.

Competitive Landscape

Industrial equipment based organizations are profiled in the market research report. The control valve market along with companies and segments has been studied. The analysis of industrial equipment based business is also done to identify key challenges and strengths of these companies. 

The global control valve market research report covers SWOT analysis, Porter’s Five Force analysis of major industrial equipment related organizations. The strategy and other key details of these companies for the forecast period 2023 to 2032 are covered in the report. Growing investment initiatives across different sectors is anticipated to support the market growth as the market is set to grow at a CAGR of 11.20% by 2032.

The key industry participants operating in the global market for control valves are Emerson Electric Co, Flowserve Corporation, IMI Plc, Crane Co., Curtiss-Wright Corporation, General Electric, First Reserve, Velan Inc, Alfa Laval, Schlumberger Limited, Eaton, Samson, Burkert Fluid Control Systems, and Neles Corporation.

Industry News

Curtiss-Wright Corporation reported today that it has agreed to purchase Dyna-Flo Control Valve Services Ltd. (Dyna-Flo) stock for CAD$81 million (US$62 million) in cash. For the pharmaceutical, petroleum, and oil and gas industries, Dyna-Flo is a major developer and manufacturer of static and rotary control valves, separation valves, and level and pumping systems devices. 

The acquired company will be part of Curtiss-Commercial/Industrial Wright's division, and it is estimated to be accretive to Curtiss-2020 Wright's consolidated diluted earnings per share, excluding first-year acquisition accounting charges, as well as generating a cash flow exchange rate.