The global control valves market size is expected to be worth around US$ 21.80 billion by 2030, according to a new report by Vision Research Reports.
The global control valves market size was valued at US$ 10.1 billion in 2020 and is anticipated to grow at a CAGR of 8.5% during forecast period 2021 to 2030.
Control Valves Market (By Component Type: Valve body, Actuators; By Size Type: Less than 1”, Between 1” to 6”, Between 6” to 25”, Between 25” to 50”, More than 50”; By Product: Linear, Rotary; By End-use: Oil & Gas, Chemical, Energy & Power, Water & Wastewater, Food & Beverage, Pharmaceutical, Others (manufacturing, electronics, marine, pulp & paper, and textiles)) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
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|Market Size||US$ 21.80 Bn by 2030|
|Growth Rate||CAGR of 8.5% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Component, Size, Product, End-use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Emerson Electric Co.; Flowserve Corporation; IMI plc; Alfa Laval AB; AVK Holding A/S; Eaton; Honeywell International, Inc.; Velan; Inc., Burkert Fluid Control System; and Valvitalia SpA.|
Surging demand from industrial sectors such as energy & power, water & wastewater treatment, and oil & gas industry and growing adoption of industrial automation propelling the smart control valves market are fueling the demand for control valves. Additionally, rising demand for control valves in the pharmaceutical and food & beverages industries is expected to drive the market.
Increasing adoption of control valves is rising continuously owing to the benefits they offer in controlling temperature and pressure throughout the downstream, midstream, and upstream activities. Therefore, growing oil & gas exploration activities are triggering the demand for control valves.
Emerson Electric Co.; Flowserve Corporation; IMI plc; Alfa Laval AB; AVK Holding A/S; Eaton; Honeywell International, Inc.; Velan; Inc., Burkert Fluid Control System; and Valvitalia SpA.
- By Component Type
- Valve body
- By Size Type
- Less than 1”
- Between 1” to 6”
- Between 6” to 25”
- Between 25” to 50”
- More than 50”
- By Product Type
- By End-use
- Oil & Gas
- Energy & Power
- Water & Wastewater
- Food & Beverage
- Others (manufacturing, electronics, marine, pulp & paper, and textiles)
- North America
- The U.S.
- The U.K.
- Asia Pacific
- South Korea
- South America
- Middle East & Africa
- Saudi Arabia
- United Arab Emirates (U.A.E.)
- South Africa
- North America
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