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Redding, California - October 29, 2024

Control Valves Market to be Worth $13.4 Billion by 2031

Control Valves Market by Product (Rotary Control Valves, Linear Control Valves), Actuation Type, Fluid Type (Liquid, Gas), Material, Size, End User (Oil & Gas, Water & Wastewater Treatment), Geography - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled 'Control Valves Market—Global Opportunity Analysis and Industry Forecast (2024-2031).’ According to this latest publication from Meticulous Research^®, the control valves market is projected to reach $13.4 billion by 2031, at a CAGR of 7.3% from 2024–2031.

The growing demand for control valves in the oil & gas industry and the increasing adoption of automation technologies in the manufacturing and processing industries are factors driving the growth of the control valves market. However, complexities associated with installation & maintenance restrain this market’s growth.

Additionally, the rising demand for customized control valves tailored to specific industry requirements and the increasing need for control valves in water & wastewater treatment are expected to create opportunities for market players. However, unplanned downtime due to the failure of control valves poses a significant challenge to the market’s growth.

The increasing integration of IoT and smart technologies into control valves and advancements in materials and design are prominent trends in the control valves market.

Key Players:

The control valves market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the control valves market are Emerson Electric Co. (U.S.), Siemens Corporation (Germany), Schneider Electric SE (France), Honeywell International Inc. (U.S.), KSB SE & Co. KGaA (Germany), Flowserve Corporation (U.S.), IMI plc (U.K.), Parker Hannifin Corporation (U.S.), Bray International (U.S.), Pentair plc (U.K.), Lapar Control Valve (Italy), Athena engineering S.R.L (Italy), KITZ Corporation (Japan), Christian Bürkert GmbH & Co. KG (Germany), and Curtiss-Wright Corporation (U.S.).

The control valves market is segmented based on product, actuation type, fluid type, material, size, and end user. The report also evaluates industry competitors and analyzes the control valves market at the regional and country levels.

Among the products studied in this report, in 2024, the rotary control valves segment is anticipated to dominate the control valves market. The segment’s dominant position in the control valves market can be attributed to the increasing adoption of rotary control valves for airlock functions to maintain gas pressure differentials between the inlet and outlet, a growing demand for precise flow rate control, and the need for effective discharge control in bulk handling systems.

Among the actuation types studied in this report, in 2024, the pneumatic actuator segment is anticipated to dominate the control valves market. The segment’s dominant position in the control valves market can be attributed to the increasing use of pneumatic actuators in linear motion control applications, extensive utilization in high-temperature processes due to their durability, and the rising adoption of pneumatic actuators to convert compressed air or gas into mechanical motion.

Among the fluid types studied in this report, in 2024, the liquid segment is anticipated to dominate the control valves market. The segment’s dominant position in the control valves market can be attributed to the increasing adoption of liquid control valves for precise regulation of flow rates, pressures, and levels; proliferation of water & wastewater treatment plants; and high demand for liquid control valves designed to minimize leakage, which helps protect the environment and reduce waste.

Among the materials studied in this report, in 2024, the stainless steel segment is anticipated to dominate the control valves market. The segment’s dominant position in the control valves market can be attributed to the increasing adoption of stainless steel control valves due to their durability and strength and the rising adoption of these valves in applications involving high temperatures and pressures.

Among the sizes studied in this report, in 2024, the >6 Inch segment is anticipated to dominate the control valves market. The segment’s dominant position in the control valves market can be attributed to the high adoption of larger control valves in large-scale industries, including chemical, oil and gas, power generation, and mining. Additionally, the need for larger valves to manage high fluid volumes and the demand for customization options further contribute to this segment's leading position in the market.

Among the end users studied in this report, in 2024, the oil & gas segment is anticipated to dominate the control valves market. The segment’s dominant position in the control valves market can be attributed to the increasing adoption of control valves in the oil & gas industry to manage flow rates and pressure and the increasing need for automation and process optimization in oil & gas operations.

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, Netherlands, Switzerland, Sweden, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Malaysia, Australia & New Zealand, Indonesia, Singapore, Rest of Asia-Pacific), Latin America (Mexico, Brazil, Rest of Latin America), and the Middle East & Africa (UAE, Saudi Arabia, Israel, Rest of Middle East & Africa).

Among the regions studied in this report, in 2024, North America is anticipated to dominate the control valves market. North America’s major market share can be attributed to the increasing need for automated valve operations in applications such as water & wastewater management and food & beverage production and the rise in investments in infrastructure development and modernization across various sectors.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6063

Key Questions Answered in the Report-

What is the revenue generated from the sales of control valves?
At what rate is the global demand for control valves projected to grow for the next five to seven years?
What is the historical market size and growth rate for the control valves market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which segments create major traction in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the control valves market?
Who are the major players in the control valves market? What are their specific product offerings in this market?
What are the recent developments in the control valves market? What are the impacts of these strategic developments on the market?

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Redding, California - October 29, 2024

Control Valves Market to be Worth $13.4 Billion by 2031

Control Valves Market by Product (Rotary Control Valves, Linear Control Valves), Actuation Type, Fluid Type (Liquid, Gas), Material, Size, End User (Oil & Gas, Water & Wastewater Treatment), Geography - Global Forecast to 2031

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