Control Valves Market - By Component Type (Valve body, Actuators, Others) End-use Outlook (Oil & Gas, Chemical, Food & Beverage, Others) By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Industry Analysis, Opportunity and Forecast 2020 To 2027
Published Date: May 2021
No. of Pages: 187
Status: Published
Report Code: ARI100814
Growing power generation plants across the world and increasing the need for energy and power from developing economies is driving the demand for control valves. These valves are also used in nuclear power plants especially in processes such as chemical treatment, feed water, cooling water, and steam turbine control system.
Moreover, high-pressure, high-temperature and adverse corrosion conditions experienced with production and refineries platforms have also led to a rise in demand for control valves. These platforms are mainly used in offshore and onshore oil & gas activities. These valves are used in most of the essential mechanisms in the oil & gas industries. It not only controls the flow, but also volume, direction, rate, and pressure of fluids.
Control valves are extensively used in process industries such as food & beverages, oil & gas, water & wastewater, petrochemical, energy & power, and pharmaceutical to reach growing automation needs. They play a vital role in increasing the end-use industry’s profitability, safety, and efficiency for multiple production processes. Furthermore, the adoption of control valves in industries is constantly rising owing to benefits they offer in terms of temperature or pressure control throughout downstream, midstream, and upstream activities.
A growing number of oil & gas exploration activities in regions such as Middle East & Africa, China, and North America is estimated to provide an upthrust to the market. The market is said regions are projected to witness healthy growth over the forecast period. Additionally, stringent regulations pertaining to environment legislations for end-use industries in Asia Pacific, North America, and Europe are playing an important role in driving the market. For instance, the U.S. Environmental Protection Agency (EPA) has mandated to limit use of traditional spring diaphragm actuators, which are used to actuate valves at the wellhead, in order to reduce greenhouse gas emissions. The regulatory body suggested replacing it with electric actuators with pneumatic devices, which can help to reduce methane and volatile organic compounds (VOC) emissions.
The Prominent Players in the Global Control Valve Market are Emerson Electric Co, Flowserve Corporation, IMI Plc, Alfa Laval, Crane Co., Eaton, Curtiss-Wright Corporation, General Electric, First Reserve, Velan Inc, Schlumberger Limited, Samson, Burkert Fluid Control Systems and Neles Corporation.
Analyst Commentary
The oil & gas industry accounted for the leading share in the market owing to a wide application of control valves in natural gas generation, crude oil extraction, and refining processes. Moreover, owing to the increasing stringency of safety standards, around 10.0% of installed valves are replaced on a yearly basis.
Furthermore, the water & wastewater industry includes application processes, such as the supply of water for manufacturing purposes and the treatment of wastewater generated by industries. Across the globe, there are around 90,000 municipal wastewater plants that are expected to spend approximately USD 4.50 billion on valves by 2019, which is further expected to drive the market over the forecast period.
The actuator segment is expected to dominate the control valves market over the forecast period. This is the most important component in control valve architecture, as it makes valve operation automatic. One of the primary factors hindering the demand for these valves is the lack of common platforms such as Ethernet, Profibus, and Zigbee. The segment is anticipated to reach USD 5.27 billion by 2025, expanding at a healthy CAGR during the forecast period.
Segmentation
The global market is segmented based on component end use and region. On the basis of component the market is segmented into Valve body, Actuators, Others. On the basis of end use the market is segmented into Oil & Gas, Chemical, Food & Beverage, Others.
Regional Analysis
Geographically, the global control valve market has been segmented into five major regions, namely North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Asia-Pacific is estimated to hold the largest market share during the forecast period, owing to the increase in investments in the construction and energy & power industries drive the control valve market in the region. As per the Asian Development Bank (ADB), in 2017, Asia-Pacific will need to invest approximately USD 1.7 trillion every year in infrastructure until 2030 in order to maintain its growth momentum. Furthermore, the regulatory and institutional reforms are required to make infrastructure more attractive for private investors and to create a pipeline of projects for public-private partnerships. Control valves in the construction industry are mostly used to regulate the flow of liquid in fire fighting systems, piping systems, and water supply systems.
In North America, the U.S. dominated the market owing to excessive demand for valve replacement from a large number of active projects in the region. For instance, the U.S. and Canada currently have around 1,900 projects requiring valve replacement and simultaneous up-gradation in existing facilities. The region is estimated to witness a healthy CAGR over the forecast period.
TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data Sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary data mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. xx
3.3. Market drivers
3.3.1. Impact analysis of Market Drivers
3.4. Market restraints
3.4.1. Impact analysis of Market Restraints
3.5. Market opportunities
3.5.1. Impact analysis of Market Opportunities
3.6. Market Challenges
3.6.1. Impact analysis of Market Trends
3.7. Porter’s Five Forces’ analysis
3.7.1. Bargaining Engine Powered of Suppliers
3.7.2. Bargaining Engine Powered of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact On Control valves Market
Chapter 5. Global Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
5.1. Global Control valves Market Share, By Component Type, 2015 - 2027 (USD Million)
5.1.1. Valve body
5.1.1.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.2. Actuators
5.1.2.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.3. Others
5.1.3.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.3.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
Chapter 6. Global Control valves Market Overview, By End-use, 2015 - 2027 (USD Million)
6.1. Global Control valves Market Share, By End-use, 2015 - 2027 (USD Million)
6.1.1. Oil & Gas
6.1.1.1. Market Size and Projections, 2015 - 2027 (USD Million)
6.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
6.1.2. Chemical
6.1.2.1. Market Size and Projections, 2015 - 2027 (USD Million)
6.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
6.1.3. Food & Beverage
6.1.3.1. Market Size and Projections, 2015 - 2027 (USD Million)
6.1.3.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
6.1.4. Other
6.1.4.1. Market Size and Projections, 2015 - 2027 (USD Million)
6.1.4.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
Chapter 7. Global Control valves Market Overview, By Geography, 2015 - 2027 (USD Million)
7.1. Global Control valves Market Share, By Geography, 2015 - 2027 (USD Million)
7.1.1. Market Size and projections, by Countries, 2015 - 2027 (USD Million)
7.1.2. Market Share and CAGR Comparison, by Countries, 2020 & 2027 (%)
Chapter 8. North America Control valves Market Overview, By Countries, 2015 - 2027 (USD Million)
8.1. North America Control valves Market Overview, 2015 - 2027 (USD Million)
8.1.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.2. North America Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
8.1.3. North America Control valves Market Overview, By End-use, 2015 - 2027 (USD Million)
8.1.4. North America Control valves Market Overview, By Countries, 2015 - 2027 (USD Million)
8.1.4.1. U.S. Control valves Market Overview, 2015 - 2027 (USD Million)
8.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.4.1.2. U.S. Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
8.1.4.1.3. Other Segments
8.1.4.2. Canada Control valves Market Overview, 2015 - 2027 (USD Million)
8.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.4.2.2. Canada Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
8.1.4.2.3. Other Segments
8.1.4.3. Mexico Control valves Market Overview, 2015 - 2027 (USD Million)
8.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.4.3.2. Mexico Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
8.1.4.3.3. Other Segments
Chapter 9. Europe Control valves Market Overview, By Countries, 2015 - 2027 (USD Million)
9.1. Europe Control valves Market Overview, 2015 - 2027 (USD Million)
9.1.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.2. Europe Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
9.1.3. Europe Control valves Market Overview, By End-use, 2015 - 2027 (USD Million)
9.1.4. Europe Control valves Market Overview, By Countries, 2015 - 2027 (USD Million)
9.1.4.1. Germany
9.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.1.2. Germany Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
9.1.4.1.3. Others Segments
9.1.4.2. France
9.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.2.2. France Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
9.1.4.2.3. Others Segments
9.1.4.3. UK
9.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.3.2. UK Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
9.1.4.3.3. Others Segments
9.1.4.4. Italy
9.1.4.4.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.4.2. Italy Control valves Market Overview, By Component Type 2015 - 2027 (USD Million)
9.1.4.4.3. Others Segments
9.1.4.5. Spain
9.1.4.5.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.5.2. Spain Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
9.1.4.5.3. Others Segments
9.1.4.6. Rest of Europe
9.1.4.6.1. Market size and projections, 2015 – 2025
9.1.4.6.2. Rest of Europe Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
9.1.4.6.3. Others Segments
Chapter 10. Asia Pacific Control valves Market Overview, By Countries, 2015 - 2027 (USD Million)
10.1. Asia Pacific Control valves Market Overview, 2015 - 2027 (USD Million)
10.1.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.2. Asia Pacific Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
10.1.3. Asia Pacific Control valves Market Overview, By End-use, 2015 - 2027 (USD Million)
10.1.4. Asia Pacific Control valves Market Overview, By Countries, 2015 - 2027 (USD Million)
10.1.4.1. India
10.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.1.2. India Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
10.1.4.1.3. Other Segments
10.1.4.2. China
10.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.2.2. China Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
10.1.4.2.3. Other Segments
10.1.4.3. Japan
10.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.3.2. Japan Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
10.1.4.3.3. Other Segments
10.1.4.4. South Korea
10.1.4.4.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.4.2. South Korea Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
10.1.4.4.3. Other Segments
10.1.4.5. Rest of Asia Pacific
10.1.4.5.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.5.2. Rest of Asia Pacific Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
10.1.4.5.3. Other Segments
Chapter 11. Middle East & Africa Control valves Market Overview, By Countries, 2015 - 2027 (USD Million)
11.1. Middle East & Africa Control valves Market Overview, 2015 - 2027 (USD Million)
11.1.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.2. Middle East & Africa Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
11.1.3. Middle East & Africa Control valves Market Overview, By End-use, 2015 - 2027 (USD Million)
11.1.4. Middle East & Africa Control valves Market Overview, By Countries, 2015 - 2027 (USD Million)
11.1.4.1. GCC
11.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.4.1.2. GCC Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
11.1.4.1.3. Other Segments
11.1.4.2. South Africa
11.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.4.2.2. South Africa Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
11.1.4.2.3. Other Segments
11.1.4.3. Rest of Middle East & Africa
11.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.4.3.2. Rest of Middle East & Africa Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
11.1.4.3.3. Other Segments
Chapter 12. South America Control valves Market Overview, By Countries, 2015 - 2027 (USD Million)
12.1. South America Control valves Market Overview, 2015 - 2027 (USD Million)
12.1.1. Market size and projections, 2015 - 2027 (USD Million)
12.1.2. South America Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
12.1.3. South America Control valves Market Overview, By End-use, 2015 - 2027 (USD Million)
12.1.4. South America Control valves Market Overview, By Countries, 2015- 2026 (USD Million)
12.1.5. Brazil
12.1.5.1. Market size and projections, 2015 - 2027 (USD Million)
12.1.5.2. Brazil Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
12.1.5.3. Other Segments
12.1.6. Argentina
12.1.6.1. Market size and projections, 2015 - 2027 (USD Million)
12.1.6.2. Argentina Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
12.1.6.3. Other Segments
12.1.7. Rest of South America
12.1.7.1. Market size and projections, 2015 – 2027
12.1.7.2. Rest of South America Control valves Market Overview, By Component Type, 2015 - 2027 (USD Million)
12.1.7.3. Other Segments
Chapter 13. Competitive Landscape
13.1. Competitive environment, 2020
13.2. Strategic framework
13.2.1. Partnership/agreement
13.2.2. Expansion
13.2.3. Mergers & Acquisitions
13.2.4. New Distribution channel development
Chapter 14. Key Vendor Analysis
14.1. Emerson Electric Co.
14.1.1. Company overview
14.1.2. Financial performance
14.1.3. Distribution channel Benchmarking
14.1.4. Recent initiatives
14.1.5. SWOT analysis
14.2. Flowserve Corporation
14.2.1. Company overview
14.2.2. Financial performance
14.2.3. Distribution channel Benchmarking
14.2.4. Recent initiatives
14.2.5. SWOT analysis
14.3. IMI Plc.
14.4. ALFA LAVAL
14.5. Crane Co
14.6. Curtiss-Wright Corporation
14.7. CURTISS-WRIGHT CORPORATION
14.8. General Electric
14.9. First Reserve
14.10. Schlumberger Limited
Chapter 15. Control valves Market Cost Analysis
15.1. Control valves Market Key Raw Material Analysis
15.1.1. Key Raw Material
15.1.2. Price Trend of Key Raw Material
15.1.3. Key Suppliers of Raw Material
15.1.4. Market Concentration Rate of Raw Material
Chapter 16. Industrial Chain, Sourcing Strategy and Downstream Buyers
16.1. Control valves Market Industrial Chain Analysis
16.2. Upstream Raw Material Sourcing
16.3. Raw Material Source of Control valves Market Major Manufacturers in 2021
16.4. Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
17.1. Marketing Channel
17.1.1. Direct Marketing
17.1.2. Indirect Marketing
17.1.3. Marketing Channel Development Trend
17.2. Market Positioning
17.2.1. Pricing Strategy
17.2.2. Brand Strategy
17.2.3. Target Chemical
17.3. Distributors/Traders List
Chapter 18. Market Effect Factors Analysis
18.1. Technology Progress/Risk
18.1.1. Substitutes Threat
18.1.2. Technology Progress in Related Distribution channel
18.2. Consumer Needs/Customer Preference Change
18.3. Economic/Political Environmental Change
Chapter 19. Future Outlook of the Market
Disclaimer
List of Figures
1. Market segmentation
2. Value chain analysis
3. Porter’s Five Forces’ analysis
4. Engine Powered of Suppliers
5. Engine Powered of Buyers
6. Threat of New Entrants
7. Threat of Substitute
8. Competitive Rivalry
9. Global Control valves Market share, By Component Type, 2020 & 2027 (%)
10. Global Control valves Market share, by Valve body, By Component Type, 2020 & 2027 (USD Million)
11. Global Control valves Market share, by Actuators, By Component Type, 2020 & 2027 (USD Million)
12. Global Control valves Market share, by Others, By Component Type, 2020 & 2027 (USD Million)
13. Global Control valves Market share, By End-use, 2020 & 2027 (%)
14. Global Control valves Market share, by CHEMICAL, By End-use, 2020 & 2027 (USD Million)
15. Global Control valves Market share, by Oil & Gas, By End-use, 2020 & 2027 (USD Million)
16. Global Control valves market share, by Food & Beverage , by End-use 2020 & 2027 (USD Million)
17. 17. Global Control valves market share, by Others , by End-use 2020 & 2027 (USD Million)
18. Global Control valves Market share, by Region, 2020 & 2027 (%)
19. Global Control valves Market share, by region, 2020 - 2027(USD Million)
20. North America Control valves Market, 2020 - 2027(USD Million)
21. North America Control valves Market share, by Countries, 2020 & 2027 (%)
22. U.S. Control valves Market, 2020 - 2027(USD Million)
23. Canada Control valves Market, 2020 - 2027(USD Million)
24. Europe Control valves Market, 2020 - 2027(USD Million)
25. Europe Control valves Market share, by Countries, 2020 & 2027 (%)
26. Spain Control valves Market, 2020 - 2027(USD Million)
27. UK Control valves Market, 2020 - 2027(USD Million)
28. Italy Control valves Market, 2020 - 2027(USD Million)
29. Germany Control valves Market, 2020 - 2027(USD Million)
30. France Control valves Market, 2020 - 2027(USD Million)
31. Rest of Europe Control valves Market, 2020 - 2027(USD Million)
32. Asia-Pacific Control valves Market, 2020 - 2027(USD Million)
33. Asia-Pacific Control valves Market share, by Countries, 2020 & 2027 (%)
34. China Control valves Market, 2020 - 2027(USD Million)
35. India Control valves Market, 2020 - 2027(USD Million)
36. Australia Control valves Market, 2020 - 2027(USD Million)
37. Japan Control valves Market, 2020 - 2027(USD Million)
38. Rest of Asia-Pacific Control valves Market, 2020 - 2027(USD Million)
39. Middle East & Africa Control valves Market, 2020 - 2027(USD Million)
40. Middle East & Africa Control valves Market share, by Countries, 2020 & 2027 (%)
41. GCC Control valves Market, 2020 - 2027(USD Million)
42. South Africa Control valves Market, 2020 - 2027(USD Million)
43. Rest Of Middle East & Africa Control valves Market, 2020 - 2027(USD Million)
44. South America Control valves Market, 2020 - 2027(USD Million)
45. Brazil Control valves Market, 2020 - 2027(USD Million)
46. Mexico Control valves Market, 2020 - 2027(USD Million)
47. Argentina Control valves Market, 2020 - 2027(USD Million)
48. Rest Of South America Control valves Market, 2020 - 2027(USD Million)
List of Tables
1. Impact of Market drivers
2. Impact of Market restraints
3. Global Control valves Market, 2020-2027 (USD Million)
4. Control valves requirement, by country, 2020-2027, (USD Million)
5. North America Control valves Market, By Component Type, 2020-2027 (USD Million)
6. North America Control valves Market, By End-use, 2020-2027 (USD Million)
7. Europe Control valves Market, By Component Type, 2020-2027 (USD Million)
8. Europe Control valves Market, By End-use, 2020-2027 (USD Million)
9. Asia Pacific Control valves Market, By Component Type, 2020-2027 (USD Million)
10. Asia Pacific Control valves Market, By End-use, 2020-2027 (USD Million)
11. Middle East & Africa Control valves Market, By Component Type, 2020-2027 (USD Million)
12. Middle East & Africa Control valves Market, By End-use, 2020-2027 (USD Million)
13. South America Control valves Market, By Component Type, 2020-2027 (USD Million)
14. South America Control valves Market, By End-use, 2020-2027 (USD Million)
15. Global Control valves Market, Company Market Share, 2020 & 2027(%)
16. Emerson Electric Co : Product Benchmarking
17. Emerson Electric Co : Financial Performance
18. Flowserve Corporation : Product Benchmarking
19. Flowserve Corporation : Financial Performance
20. IMI Plc : Product Benchmarking
21. IMI Plc : Financial Performance
22. ALFA LAVAL :Product Benchmarking
23. ALFA LAVAL :Financial Performance
24. Crane Co : Product Benchmarking
25. Crane Co : Financial Performance
26. The Scotts Miracle-Gro Company: Product Benchmarking
27. The Scotts Miracle-Gro Company: Financial Performance
28. Curtiss-Wright Corporation : Product Benchmarking
29. Curtiss-Wright Corporation : Financial Performance
30. General Electric : Product Benchmarking
31. General Electric : Financial Performance
32. First Reserve: Product Benchmarking
33. First Reserve: Financial Performance
34. Schlumberger Limited: Product Benchmarking
35. Schlumberger Limited: Financial Performance
The Leading Key Players in Control Valves Market
Emerson Electric Co
Flowserve Corporation
IMI Plc
Alfa Laval
Crane Co.
Eaton
Curtiss-Wright Corporation
General Electric
First Reserve
Velan Inc
Schlumberger Limited
Samson
Burkert Fluid Control Systems and Neles Corporation.
