컨트롤 밸브 시장 보고서 : 유형, 기술, 부품, 재료, 최종 용도 산업, 지역별(2024-2032년)

The global control valves market size reached US$ 9.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032. The escalating demand for stainless steel product variants, along with the increasing trend of industrial automation, is primarily bolstering the market.

Control Valves Market Analysis:

Major Market Drivers: The rising levels of industrialization are among the primary factors stimulating the global market. Moreover, stringent regulatory standards by government bodies are also acting as significant growth-inducing factors.

Key Market Trends: Numerous innovations in the design and functionality of control valves are catalyzing the global market. Apart from this, the inflating integration of sensor technologies and digital control systems is further positively impacting the overall market.

Competitive Landscape: Some of the prominent companies in the market include Christian Burkert GmbH & Co. KG, Curtiss-Wright Corporation, Emerson Electric Co., Flowserve Corporation, Honeywell International Inc., IMI plc, KITZ Corporation, SAMSON AG, Spirax-Sarco Engineering plc, Valvitalia SpA, and Velan Inc., among many others.

Geographical Trends: North America exhibits a clear dominance in the market, owing to the widespread adoption of smart manufacturing practices. Besides this, the growing emphasis on energy efficiency and sustainability is also stimulating the regional market.

Challenges and Opportunities: One of the challenges hindering the market is the increasing concerns regarding maintaining reliability and precise control under varying operational conditions. However, the widespread integration of smart control technologies and advanced materials to improve durability and performance will continue to fuel the market in the coming years.

Control Valves Market Trends:

Increasing Industrial Automation

The rising need for operation efficiency and cost-effectiveness is increasing the importance of control valves in several systems, as they facilitate the control of fluid pressure, flow, and temperature. For instance, in May 2024, Emerson announced the development of new AVENTICSTM Series 625 sentronic proportional pressure control valves. Moreover, they are designed to deliver highly accurate and electronic proportional pressure control and offer the flexibility needed to support pneumatic control engineering applications. Additionally, the diverse types of valves ensure an adaptive and responsive control system that optimizes performance and minimizes human error, which is acting as another significant growth-inducing factor. For example, in April 2024, Festo, one of the providers of automation technologies based in Germany, is catering to the developing needs of industries worldwide. The company developed its latest innovation in the form of the Valve Terminal VTUX, which can be easily incorporated into the smallest of spaces. Apart from this, control valves allow for real-time decision-making, which, in turn, improves operational efficiency and predictive maintenance capabilities. In May 2023, Beckhoff launched the MX-System, which revolutionized control cabinets by replacing wiring with baseplates for the automatic interconnection of electronic modules, including integrated pneumatic valves. This streamlines maintenance, simplifies control systems, enhances flexibility, etc., in industrial automation. Furthermore, the rising integration of smart and IoT technologies for real-time monitoring represents one of the control valves market recent opportunities. For example, in April 2024, Emerson launched the Micro Motion G-Series line of Coriolis mass flow and density meters. In addition, they provide the same level of quality and reliability as standard designs, but in a much lighter and smaller form factor. Moreover, compared to traditional volumetric flow meters, they offer direct mass flow measurement.

Rising Customization Options

The specific and diverse requirements of several applications are bolstering the market across the globe. Additionally, several industries, including pharmaceuticals, water treatment, oil and gas, power generation, etc., each have unique performance standards and operational challenges. Consequently, customization allows manufacturers to tailor control valves to precise specifications, including temperature ranges, material compatibilities, unique pressure ratings, and flow characteristics. For instance, in June 2023, Aquana, LLC., a subsidiary of Geospace Technologies, launched a remote shutoff valve known as the actuator valve serial (AVS) that offers employee safety while minimizing operating expenses for water utilities by allowing remote stop, start, or reduced water delivery to specific locations without sending service personnel to the field. Besides this, customization options enhance system reliability, efficiency, safety, etc., thereby ensuring optimal performance under specific conditions. For example, in November 2023, Tecnik Fluid Controls Pvt. Ltd. (TFCPL), which is into manufacturing of custom-designed industrial fluid control valves, set up a joint venture with U.S.-based diversified industrial manufacturer ITT Industries Inc. to produce industrial valves for the pharmaceuticals industry in India. Moreover, the inflating use of optimal valves for managing the pressure, flow, and temperature of oil, gas, and other intermediates is elevating the control valves market's recent price. In March 2024, IMI Critical Engineering launched an integrated anti-surge and compressor recycle valve to avoid disruptive and costly unplanned compressor damage across the oil and gas industry.

Strict Regulations

Control valves find wide-ranging applications throughout the commercial, industrial, and residential industries. As a result, several major regulatory organizations implement standards to ensure proper compatibility, functionality, and safety for users. The American Petroleum Institute (API) is one of the regulatory bodies operating in the oil and gas industry produced more than 900 standards that serve as the basis for quality programs to maintain regulations for production material and certification programs for pressure vessels, storage tanks, piping inspectors, etc. Moreover, API publishes reports that include research reports, recommended practices, and specifications on valves, pipelines, environmental procedures, etc. Besides this, ASTM International, originally known as the American Society for Testing Materials (ASTM), launches standards for valves made of a particular material and for a specific application. Additionally, the Fluid Control Institute (FCI) assists users and purchasers in understanding and using fluid control and conditioning equipment, such as solenoid valves, control valves, regulators, etc. Apart from this, the increasing number of certifications to mitigate industrial operations and ensure safe operations will continue to fuel the market in the coming years. For instance, in May 2024, Pres-Vac Engineering obtained certification for its high-velocity methanol valves under the IMO 1621 standard. Furthermore, this launch offers shipbuilders and owners unique options for creating more compliant and efficient dual-fuel systems.

Control Valves Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the control valves market forecast at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on the type, size, technology, component, material, and end-use industry.

Breakup by Type:

Rotary Valves

Ball Valve

Butterfly Valves

Plug Valves

Linear Valves

Gate Valves

Diaphragm Valves

Other Valves

Linear valves accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the type. This includes rotary valves (ball valve, butterfly valves, and plug valves) and linear valves (gate valves, diaphragm valves, and other valves). According to the report, linear valves represented the largest segment.

Breakup by Size:

Up to 1"

>1" to 7"

>7" to 25"

>25" to 50"

>50" and Above

>1" to 7" holds the largest market share

The report has provided a detailed breakup and analysis of the market based on the size. This includes up to 1", >1" to 7", >7" to 25", >25" to 50", and >50" and above. According to the report, >1" to 7" represented the largest segment.

Breakup by Technology:

Electric

Hydraulic

Manual

Pneumatic

Pneumatic represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the technology. This includes electric, hydraulic, manual, and pneumatic. According to the report, pneumatic represented the largest segment.

Breakup by Component:

Actuators

Valve Body

Others

Actuators represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the component. This includes actuators, valve body, and others. According to the report, actuators represented the largest market segmentation.

Breakup by Material:

Stainless Steel

Cast Iron

Alloy Based

Others

Alloy based represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the material. This includes stainless steel, cast iron, alloy based and others. According to the report, alloy represented the largest market segmentation.

Breakup by End-Use Industry:

Oil & Gas

Water & Wastewater Treatment

Energy & Power

Pharmaceutical & Healthcare

Chemicals

Building & Construction

Others

Oil & gas industry holds the largest market share

The report has provided a detailed breakup and analysis of the market based on the end-use industry. This includes oil & gas, water & wastewater treatment, energy & power, pharmaceutical & healthcare, chemicals, building & construction, and others. According to the report, oil & gas represented the largest market segmentation.

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

According to the control valves market overview, North America currently dominates the global market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

Competitive Landscape:

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major control valves market companies have also been provided. Some of the key players in the market include:

Christian Burkert GmbH & Co. KG

Curtiss-Wright Corporation

Emerson Electric Co.

Flowserve Corporation

Honeywell International Inc.

IMI plc

KITZ Corporation

SAMSON AG

Spirax-Sarco Engineering plc

Valvitalia SpA

Velan Inc.

Key Questions Answered in This Report

• 1. What is the global control valves market growth?
• 2. What is the impact of COVID-19 on the global control valves market?
• 3. What are the global control valves market drivers?
• 4. What are the key industry trends in the global control valves market?
• 5. What is the global control valves market breakup by type?
• 6. What is the global control valves market breakup by size?
• 7. What is the global control valves market breakup by technology?
• 8. What is the global control valves market breakup by component?
• 9. What is the global control valves market breakup by end-use industry?
• 10. What are the major regions in the global control valves market?
• 11. Who are the key companies/players in the global control valves market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Control Valves Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Type

• 6.1 Rotary Valves
  • 6.1.1 Market Trends
  • 6.1.2 Market Breakup by Type
    • 6.1.2.1 Ball Valves
    • 6.1.2.2 Butterfly Valves
    • 6.1.2.3 Plug Valves
  • 6.1.3 Market Forecast
• 6.2 Linear Valves
  • 6.2.1 Market Trends
  • 6.2.2 Market Breakup by Type
    • 6.2.2.1 Gate Valves
    • 6.2.2.2 Diaphragm Valves
    • 6.2.2.3 Other Valves
  • 6.2.3 Market Forecast

7 Market Breakup by Size

• 7.1 Up to 1"
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 >1" to 7"
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 >7" to 25"
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 >25" to 50"
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 >50" and Above
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast

8 Market Breakup by Technology

• 8.1 Electric
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Hydraulic
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Manual
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Pneumatic
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast

9 Market Breakup by Component

• 9.1 Actuators
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Valve Body
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Others
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast

10 Market Breakup by Material

• 10.1 Stainless Steel
  • 10.1.1 Market Trends
  • 10.1.2 Market Forecast
• 10.2 Cast Iron
  • 10.2.1 Market Trends
  • 10.2.2 Market Forecast
• 10.3 Alloy Based
  • 10.3.1 Market Trends
  • 10.3.2 Market Forecast
• 10.4 Others
  • 10.4.1 Market Trends
  • 10.4.2 Market Forecast

11 Market Breakup by End-Use Industry

• 11.1 Oil & Gas
  • 11.1.1 Market Trends
  • 11.1.2 Market Forecast
• 11.2 Water & Wastewater Treatment
  • 11.2.1 Market Trends
  • 11.2.2 Market Forecast
• 11.3 Energy & Power
  • 11.3.1 Market Trends
  • 11.3.2 Market Forecast
• 11.4 Pharmaceutical & Healthcare
  • 11.4.1 Market Trends
  • 11.4.2 Market Forecast
• 11.5 Chemicals
  • 11.5.1 Market Trends
  • 11.5.2 Market Forecast
• 11.6 Building & Construction
  • 11.6.1 Market Trends
  • 11.6.2 Market Forecast
• 11.7 Others
  • 11.7.1 Market Trends
  • 11.7.2 Market Forecast

12 Market Breakup by Region

• 12.1 North America
  • 12.1.1 United States
    • 12.1.1.1 Market Trends
    • 12.1.1.2 Market Forecast
  • 12.1.2 Canada
    • 12.1.2.1 Market Trends
    • 12.1.2.2 Market Forecast
• 12.2 Asia Pacific
  • 12.2.1 China
    • 12.2.1.1 Market Trends
    • 12.2.1.2 Market Forecast
  • 12.2.2 Japan
    • 12.2.2.1 Market Trends
    • 12.2.2.2 Market Forecast
  • 12.2.3 India
    • 12.2.3.1 Market Trends
    • 12.2.3.2 Market Forecast
  • 12.2.4 South Korea
    • 12.2.4.1 Market Trends
    • 12.2.4.2 Market Forecast
  • 12.2.5 Australia
    • 12.2.5.1 Market Trends
    • 12.2.5.2 Market Forecast
  • 12.2.6 Indonesia
    • 12.2.6.1 Market Trends
    • 12.2.6.2 Market Forecast
  • 12.2.7 Others
    • 12.2.7.1 Market Trends
    • 12.2.7.2 Market Forecast
• 12.3 Europe
  • 12.3.1 Germany
    • 12.3.1.1 Market Trends
    • 12.3.1.2 Market Forecast
  • 12.3.2 France
    • 12.3.2.1 Market Trends
    • 12.3.2.2 Market Forecast
  • 12.3.3 United Kingdom
    • 12.3.3.1 Market Trends
    • 12.3.3.2 Market Forecast
  • 12.3.4 Italy
    • 12.3.4.1 Market Trends
    • 12.3.4.2 Market Forecast
  • 12.3.5 Spain
    • 12.3.5.1 Market Trends
    • 12.3.5.2 Market Forecast
  • 12.3.6 Russia
    • 12.3.6.1 Market Trends
    • 12.3.6.2 Market Forecast
  • 12.3.7 Others
    • 12.3.7.1 Market Trends
    • 12.3.7.2 Market Forecast
• 12.4 Latin America
  • 12.4.1 Brazil
    • 12.4.1.1 Market Trends
    • 12.4.1.2 Market Forecast
  • 12.4.2 Mexico
    • 12.4.2.1 Market Trends
    • 12.4.2.2 Market Forecast
  • 12.4.3 Others
    • 12.4.3.1 Market Trends
    • 12.4.3.2 Market Forecast
• 12.5 Middle East and Africa
  • 12.5.1 Market Trends
  • 12.5.2 Market Breakup by Country
  • 12.5.3 Market Forecast

13 SWOT Analysis

• 13.1 Overview
• 13.2 Strengths
• 13.3 Weaknesses
• 13.4 Opportunities
• 13.5 Threats

14 Value Chain Analysis

15 Porters Five Forces Analysis

• 15.1 Overview
• 15.2 Bargaining Power of Buyers
• 15.3 Bargaining Power of Suppliers
• 15.4 Degree of Competition
• 15.5 Threat of New Entrants
• 15.6 Threat of Substitutes

16 Price Analysis

17 Competitive Landscape

• 17.1 Market Structure
• 17.2 Key Players
• 17.3 Profiles of Key Players
  • 17.3.1 Christian Burkert GmbH & Co. KG
    • 17.3.1.1 Company Overview
    • 17.3.1.2 Product Portfolio
  • 17.3.2 Curtiss-Wright Corporation
    • 17.3.2.1 Company Overview
    • 17.3.2.2 Product Portfolio
    • 17.3.2.3 Financials
    • 17.3.2.4 SWOT Analysis
  • 17.3.3 Emerson Electric Co.
    • 17.3.3.1 Company Overview
    • 17.3.3.2 Product Portfolio
    • 17.3.3.3 Financials
    • 17.3.3.4 SWOT Analysis
  • 17.3.4 Flowserve Corporation
    • 17.3.4.1 Company Overview
    • 17.3.4.2 Product Portfolio
    • 17.3.4.3 Financials
    • 17.3.4.4 SWOT Analysis
  • 17.3.5 Honeywell International Inc.
    • 17.3.5.1 Company Overview
    • 17.3.5.2 Product Portfolio
    • 17.3.5.3 Financials
    • 17.3.5.4 SWOT Analysis
  • 17.3.6 IMI plc
    • 17.3.6.1 Company Overview
    • 17.3.6.2 Product Portfolio
    • 17.3.6.3 Financials
    • 17.3.6.4 SWOT Analysis
  • 17.3.7 KITZ Corporation
    • 17.3.7.1 Company Overview
    • 17.3.7.2 Product Portfolio
    • 17.3.7.3 Financials
  • 17.3.8 SAMSON AG
    • 17.3.8.1 Company Overview
    • 17.3.8.2 Product Portfolio
    • 17.3.8.3 Financials
  • 17.3.9 Spirax-Sarco Engineering plc
    • 17.3.9.1 Company Overview
    • 17.3.9.2 Product Portfolio
    • 17.3.9.3 Financials
  • 17.3.10 Valvitalia SpA
    • 17.3.10.1 Company Overview
    • 17.3.10.2 Product Portfolio
    • 17.3.10.3 Financials
  • 17.3.11 Velan Inc.
    • 17.3.11.1 Company Overview
    • 17.3.11.2 Product Portfolio
    • 17.3.11.3 Financials
    • 17.3.11.4 SWOT Analysis