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Home Oil & Gas Electricity Metals Treasuries Stocks My Portfolios Forex
News - Full Story Control Valve Market worth $13.0 billion by 2029 - Exclusive Report by MarketsandMarkets™

CHICAGO, April 25, 2024 /PRNewswire/ -- The global Control Valve market is expected to grow from USD 10.0 billion in 2024 to USD 13.0 billion by 2029, registering a CAGR of 5.4% according to a new report by MarketsandMarkets™. 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.

MarketsandMarkets Logo align=middle

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=111759647

Browse in-depth TOC on "Control Valve Market"
130 - Tables
70 - Figures
230 - Pages

Control Valve Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 10.0 billion

Estimated Value by 2029

$ 13.0 billion

Growth Rate

Poised to grow at a CAGR of 5.4%

Market Size Available for

2020-2029

Forecast Period

2024-2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Material, Component, Size, Type, Industry and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Unexpected operational halts caused by valve malfunctions or failures

Key Market Opportunities

Requirement for replacing obsolete valves and embracing intelligent valve solutions

Key Market Drivers

Rising Surge in Control Valve Demand in the Oil & Gas Industry


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.

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.

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.

>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.

Pulp & Paper segment 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.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=111759647

Asia Pacific is expected to grow at the highest CAGR in the Control Valve market 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.

Key players operating in the Control Valve Companies 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 market.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=111759647

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports:

Industrial Valves Market Size, Share, Statistics and Industry Growth Analysis Report by Type (Ball, Butterfly, Globe, Gate, Diaphragm, Safety, Check, Plug), Material (Steel, Cast Iron, Alloy Based, Cryogenic, Plastic, Bronze, Brass), Component (Actuator, Positioner), Function - Global Forecast to 2028

Instrumentation Valves and Fittings Market with COVID-19 Impact Analysis by Product (Valves, Fittings, and Actuators), Industry (Oil & Gas, Food & Beverages, Chemicals, Healthcare, Pulp & Paper, and Energy & Power), and Region - Global Forecast to 2025

Ball Valves Market by Material (Cast Iron, Stainless Steel, Alloy-based, Brass, Bronze & Plastic), Type(Trunnion-mounted, Floating, Rising Stem), Size (<1", 1"-5", 6"-24", 25"-50" & >50"), Industry (Oil & Gas, Chemicals) & Region - Global Forecast to 2028

Valve Controller Market by Type (Traditional and Digital Valve Controller), Digital Valve Controller Communication Protocol, End-use Industry (Oil & Gas, Energy & Power, Water & Wastewater Treatment), and Geography - Global forecast to 2025

Hybrid Valve Market by Material (Steel, Tungsten Carbide, Alloy, Titanium, Duplex Nickel), Valve Size, End-Use Industry (Oil & Gas, Water & Wastewater, Energy & Power, Chemicals, and others), and Region - Global Forecast to 2024

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/control-valves-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/control-valves.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

Cision src=https://c212.net/c/img/favicon.png?sn=IO97381&sd=2024-04-25 View original content:https://www.prnewswire.com/news-releases/control-valve-market-worth-13-0-billion-by-2029---exclusive-report-by-marketsandmarkets-302127027.html

SOURCE MarketsandMarkets

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