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Q2 2024: Emerson Launches New Fisher FIELDVUE DVC7K Digital Valve Controller Emerson announced the release of its Fisher FIELDVUE DVC7K digital valve controller, designed to improve reliability and performance in process control applications. The new product features advanced diagnostics and connectivity for industrial automation.
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Q2 2024: Flowserve Expands Manufacturing Facility in Chennai, India Flowserve inaugurated an expanded manufacturing facility in Chennai to increase production capacity for control valves and related flow control products, aiming to meet growing demand in the Asia-Pacific region.
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Q2 2024: Rotork Appoints New CEO, Kiet Huynh Rotork announced the appointment of Kiet Huynh as Chief Executive Officer, effective May 2024, to lead the company’s global flow control and automation business, including its control valve segment.
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Q3 2024: Metso Launches Neles NDX 2.0 Intelligent Valve Controller Metso introduced the Neles NDX 2.0, an intelligent valve controller designed for improved process efficiency and digital integration in control valve applications across multiple industries.
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Q3 2024: Baker Hughes Wins Major LNG Project Valve Contract in Qatar Baker Hughes secured a significant contract to supply control valves and flow control solutions for a major LNG expansion project in Qatar, supporting the country’s energy infrastructure growth.
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Q3 2024: SAMSON Opens New Digital Innovation Center in Frankfurt SAMSON AG opened a new Digital Innovation Center in Frankfurt, Germany, focused on developing smart control valve technologies and digital process automation solutions.
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Q4 2024: Emerson Acquires Afag Holding AG to Expand Automation Portfolio Emerson completed the acquisition of Afag Holding AG, a provider of automation and control solutions, to strengthen its position in the global control valve and industrial automation markets.
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Q4 2024: Siemens Launches New Modular Control Valve Platform for Process Industries Siemens introduced a modular control valve platform designed for flexible integration and enhanced performance in process industries, targeting applications in chemicals, oil & gas, and water treatment.
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Q1 2025: IMI plc Announces Strategic Partnership with Honeywell for Smart Valve Solutions IMI plc entered into a strategic partnership with Honeywell to co-develop smart control valve solutions, leveraging digital technologies for predictive maintenance and process optimization.
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Q1 2025: Schneider Electric Unveils EcoStruxure Control Valve Analytics Platform Schneider Electric launched the EcoStruxure Control Valve Analytics platform, a cloud-based solution for real-time monitoring and predictive diagnostics of industrial control valves.
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Q2 2025: Valmet Wins Major Pulp Mill Control Valve Supply Contract in Brazil Valmet secured a contract to supply control valves and automation systems for a new pulp mill project in Brazil, supporting the country’s growing forestry and paper industry.
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Q2 2025: Pentair Opens New Valve Manufacturing Facility in Texas Pentair inaugurated a new manufacturing facility in Texas dedicated to the production of industrial control valves, aiming to enhance supply chain resilience and serve North American customers more efficiently.
Control Valve Market Growth Driver
Drivers:
Control Valves are the basis of any manufacturing process. That’s the reason why manufacturing companies in many industries depend on control valves to drive their basic business operations. There has been increased demand for control valves from the oil and gas and energy industries. The reason being that these companies are increasingly trying to find effective solutions in both the alternative energy and traditional oil and natural gas industries.
Opportunities:
Companies that manufacture control valves can take advantage of many opportunities for growth in the post-COVID-19 world. One of the main phenomena that are creating many more opportunities in this industry is the increased automation of many basic and more complex manufacturing tasks and processes. Added to this is the fact that the oil and gas, energy, and pharma industry is investing heavily in the technologies that produce control valves. This is a global phenomenon. For example, they are helping pharma companies make sanitizers and medicines that will help fight COVID-19.
Restraints:
Global Control Valve Market does indeed face some challenges in terms of short and long-term growth. The good news is that these are not insurmountable. One is the lack of standards in terms of manufacturing control valves. This creates problems in terms of forwarding and backward integration with certain industrial devices. The other main challenge is the fact that control valves are neither compatible nor interchangeable with many devices. The industry also lacks standard certifications.
Challenges:
One main challenge facing the Global Control Valve Market is the lack of standardization. This creates real problems when trying to create different brands of Control Valves. For example, India alone has more than 600 control valve manufacturers. Thus, branding and uniqueness is a real issue. The lack of certification has also been a key issue.
Control Valve Market Cumulative Growth Analysis:
Global Control Valve Market is expected to grow at a healthy rate of more than 6% a year for the next six years. The current COVID-19 pandemic may be causing a temporary hiccup in Control Valve Market, but demand is expected to surge once the pandemic has passed. This is large because of new government regulations that are permanent and because companies are restructuring themselves to deal with a more digital and remote work environment.
Control Valve Market Technology Analysis:
The Control Valve, and especially the butterfly valve, has seen many technological advancements and innovations in recent years. One of these is the control disk. This makes the butterfly valve more efficient in manufacturing applications.
Control Valve Market Segment Overview:
By Valve Type
By Material
By Valve Size
By Component
By End-Use
- Water & Wastewater Treatment
By Service
While the Control Valve has many useful applications, especially in terms of making medicines and other health-related products, the most important control valve may be the butterfly valve. This is large because of the recent innovations and technological advancements to make it more useful to many industries. However, the check, ball, diaphragm, and gate valves are equally important.
By Technology
Some of the more recent technological advancements are the hall effect sensor and the digital Fieldbus protocols. The former use the latest in sensor technologies to monitor and operate the valves remotely. They have been instrumental in substantially improving the manufacturing processes in many industries. The latter allows control valves to think intelligently and make important decisions accordingly. They can now connect instruments in manufacturing plants much more efficiently. Far less cable is required to do this.
By Type
There are many types of Control Valves. These are the check, ball, diaphragm, butterfly, and gate valves. They have many industrial applications. These include end-use, component, valve size, and valve type.
By Vertical
As mentioned earlier, many industries use different types of Control Valves. Some of these industries include pharma, food, and beverage, chemicals, energy and power, water and wastewater treatment, oil and gas, etc.
Control Valve Market Regional Analysis:
The APAC region ‘Leads the Pack’
Indeed, the APAC region is seeing the strongest growth in terms of usage of Control Valves. This has largely been driven by greater investments in energy and power. Faster economic growth has jump-started the construction industry as well. This is especially true in India and China. Both nations have been investing heavily in control valve technology to advance their pharma, energy and power, and food and beverage industries. However, other industries have seen strong investment and growth.
The second strongest region for growth in the Control Valve Market is the North American region. The fact that many large companies in key industries need control valves accounts for some of this growth. So, does increased demand for safety products (like hand sanitizers and prescription medicines). More investment in traditional industries like water and wastewater management, energy and power, and oil and gas has also been a strong and contributing factor.
