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Control Valve Market - Growth, Trends, and Forecast (2019 - 2024)

  • ID: 4591371
  • Report
  • 110 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Crane Company
  • Emerson Electric Co.
  • Flowserve Corporation
  • General Electric Company
  • IMI PLC
  • Metso Oyj
  • MORE
Market Overview

The global Control Valve Market was valued at USD 9.76 billion in 2018 and is expected to register a CAGR of 3.67%, to reach USD 11.76 billion during the forecast period of 2019 – 2024. The increased in investments towards the pipeline and infrastructural development in the recent past is expected to augment the demand for control valves over the forecast period.
  • Major industries such as oil & gas, pharmaceuticals are moving toward valve technology with embedded processors and networking capability to work alongside sophisticated monitoring technology coordinated through a central control station.
  • Moreover, the thrust on renewable energy projects due to the rapidly growing number of solar thermal energy plants have increased the application areas of control valves.
  • The expansion of the power infrastructure by the US and the availability of natural gas is also expected to result in the construction of several new combined cycle gas turbine (CCGT) plants, is anticipated to drive the market growth during the forecast period.
Scope of the Report

The control valve manipulates a flowing fluid, such as gas, steam, water, or chemical compounds to compensate for the load disturbance and keeps the regulated process variable as close as possible to the desired set point. Control valves are the most important part of any process control loop, as they are critical to the overall performance of the process especially when reliability and productivity are the primary goals.

Key Market Trends

Pharmaceutical Sector to hold the Major Share
  • Advancements in sensor and valve technology have enabled manufacturers in the pharmaceutical industry to advance their manufacturing capabilities by reducing the overall cost of equipment ownership, maximizing uptime, and lowering maintenance costs.
  • In control valves, the actuator can fully rotate the actuator head by 360° enables flexible installation and optimizes air-port alignment. This, in turn, reduces overall installation cost for both new and existing projects and optimizes the incorporation of actuators in compact valve arrays in manufacturing processes.
  • The implementation of new technologies by pharmaceutical manufacturers has aided the control valve industry to create new accessories that, in conjunction with aseptic valves offer high levels of control, complete and accurate status of a valve.
Asia-Pacific to Have Significant Market Growth
  • The growing population increased urbanization, and the expanding middle class in the Asia-Pacific region have propelled the demand for oil and gas, electricity, and chemicals industries, for instance in China, India, Japan and other emerging nations in the region.
  • Moreover, rapid industrialization and the growing transportation sector in these nations is expected to raise the demand for oil and gas. The need to provide potable water to the growing population in also leads to the setting up of desalination plants, further resulting in demand for control valves. Waste and wastewater management is also a huge segment that is expected to drive future demand.
Competitive Landscape

The control valve market is moderately competitive and consists of a few major players. With the growing demand for control valve, many new companies are increasing their market presence thereby tapping customers across the emerging economies.
  • February 2019 - Rockwell Automation, the world’s largest company dedicated to industrial automation and information, and Schlumberger, the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry, announced that they have entered into an agreement to create a new joint venture, Sensia, the first fully integrated digital oilfield automation solutions provider.
  • May 2018 - Flowserve Corporation announced that it has completed the sale of its Gestra AG business unit to Spirax-Sarco Engineering plc, a leading provider of steam system solutions. The sale is part of an ongoing effort by Flowserve to better align and optimize its product portfolio and manufacturing footprint, focusing on core business objectives that will allow the company to be more competitive when key industry markets return.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Crane Company
  • Emerson Electric Co.
  • Flowserve Corporation
  • General Electric Company
  • IMI PLC
  • Metso Oyj
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Demand for the Oil & Gas Industry
4.3.2 Inclination of Growth Toward Energy & Automation
4.3.3 Government Initiatives Towards Renewable Energy
4.4 Market Restraints
4.4.1 Intense Competition in the Marketspace
4.4.2 High Initial Capital Investment
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Design
5.1.1 Globe Valve
5.1.2 Ball Valve
5.1.3 Butterfly Valve
5.1.4 Angle Valve
5.1.5 Diaphragm Valve
5.1.6 Other Designs
5.2 By Type
5.2.1 Hydraulic Valve
5.2.2 Pneumatic Valve
5.2.3 Manual Valve
5.2.4 Solenoid Valve
5.2.5 Other Types
5.3 By End-user Industry
5.3.1 Oil and Gas
5.3.2 Chemicals
5.3.3 Energy and Power
5.3.4 Pharmaceuticals
5.3.5 Food and Beverage
5.3.6 Other End-user Industries
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Schlumberger Limited
6.1.2 Crane Company
6.1.3 Emerson Electric Co.
6.1.4 Flowserve Corporation
6.1.5 General Electric Company
6.1.6 IMI PLC
6.1.7 Honeywell Corporation Inc.
6.1.8 Metso Oyj
6.1.9 Samson AG
6.1.10 Pentair PLC

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • Schlumberger Limited
  • Crane Company
  • Emerson Electric Co.
  • Flowserve Corporation
  • General Electric Company
  • IMI PLC
  • Honeywell Corporation Inc.
  • Metso Oyj
  • Samson AG
  • Pentair PLC
Note: Product cover images may vary from those shown
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