Market Overview:

The Control Valves Market size is estimated to reach $11.1 billion by 2030, growing at a CAGR of 6% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Control Valves Market – By Valve Body – (Linear Valve (Globe, Diaphragm, Pinch and Others, Rotary Valve (Ball, Butterfly, Plug and Others). By Accessories – Actuator, Controller, Positioner and Others). By End Use Industry – Oil and Gas, Chemicals, Food and Beverage, Water and Wastewater, Energy and Power, Pharmaceutical, Automotive, Aerospace and Defense, Paper and Pulp, Agriculture, HVAC and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Rising industrial applications and technological advancements, along with the growing demand for energy-efficient and environmentally friendly solutions, are key drivers of market expansion for the Control Valves industry during the forecast period. 

North America Dominated the Market in 2023

North America region led the Control Valves market in terms of revenue share, and held 35.4% share in 2023 due to technological advancements and growing demand for cutting edge instrument across different industry verticals in the region. In the U.S., Environmental Protection Agency (EPA) has mandated to limit the use of traditional spring diaphragm actuators in order to reduce greenhouse gas emissions. The replacement of these actuators with pneumatic actuator valves has been reducing methane and volatile organic compounds emissions. Government regulations and early adoption of advanced technologies have been escalating the demand for Control Valves in this region.
 
Control Valves Market: Key Takeaways

Growing Demand Across Diverse Industries

The demand for control valves is witnessing significant growth across various sectors, including oil and gas, pharmaceuticals, water treatment, and food processing. As industries seek greater efficiency and automation, control valves play a crucial role in regulating flow and pressure, ensuring optimal performance of systems. The rising need for process optimization and operational efficiency is driving investments in advanced control valves. Moreover, the global push for sustainability and eco-friendly practices is encouraging industries to adopt better control systems. This diverse demand spectrum is set to fuel the control valves market substantially in the coming years.

For More Queries About "Control Valves Market " @ https://www.industryarc.com/pdfdownload.php?id=10625

Technological Advancements in Automation

The advent of Industry 4.0 and the Internet of Things (IoT) is transforming the control valves landscape, driving innovations in automation technologies. Smart control valves equipped with sensors and connectivity features are enhancing process control and monitoring capabilities. These technological advancements allow for real-time data analysis and predictive maintenance, significantly reducing downtime. Furthermore, the integration of machine learning algorithms is improving decision-making processes, leading to enhanced efficiency. As industries increasingly embrace automation, the control valves market is expected to thrive alongside these technological trends.

Scope of the Report: 

Report Metric 

Details 

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

6%

Market Size in 2030

$11.1 billion

Segments Covered

By Grade, By Mixture, By Function, By End Use, and By Region

Geographies Covered

North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).

Key Market Players

  1. Emerson Electric Co

  2.  Flowserve Corporation

  3. Weir Group

  4. Curtiss-Wright Corporation

  5.  Honeywell International Inc

  6. Schlumberger Limited

  7. IMI plc

  8.  Crane Co

  9. KITZ Corporation

  10.  Valmet


Recent Developments:

  •  In January 2023, Emerson has launched the ASCO Series 209 proportional flow control valves, which provide unmatched precision and energy efficiency within a purpose-built architecture. With superior pressure ratings and precise flow characteristics, they represent a cutting-edge solution for precise flow control in various industrial applications. 
  •  In July 2022, Conex Bänninger expands its product line with pressure-independent control valves (PICVs) to enhance energy efficiency, offering sustainable solutions for plumbing, heating, and cooling systems. PICVs utilize dynamic balancing to manage pressure fluctuations, enabling up to 30% energy savings and ensuring consistent temperature control for improved occupant comfort.

Control Valves Market: Competitive Landscape

Key companies profiled in the Control Valves Market are Taiyo Nippon Sanso Corporation, The Linde Group, Iwatani Corporation and others.

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. 
 
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

Contact Us:

Mr. Venkat Reddy
IndustryARC
USA: (+1) 518-282-4727