Competition in the control valve market is moderate, with several major players involved. As demand for control valves continues to grow, many new companies are also seeking customers in emerging economies in an effort to increase their market share.

Control valves can be segmented into markets based on valve design type (globe, ball, butterfly, Angle, diaphragm, others), end-user industries (oil & gas, chemical, energy & Power, pharmaceutical, food & Beverage, other end-user industries) and regions.

The market situation

The size of the control valve market was $10.12 billion in 2020 and is expected to reach $12.19 billion by 2026, with a cagR of 3.67% in the reporting period 2021-2026. During this period, investments in pipeline and infrastructure development are expected to stimulate demand for control valves.

Major industries such as oil and gas and pharmaceuticals are moving toward valve technology with embedded processors and connected networking capabilities to coordinate complex monitoring technologies through a central control station.

In addition, due to the rapid growth in the number of solar power plants, the promotion of renewable energy projects has expanded the application of control valves.

The expansion of U.S. power infrastructure and natural gas supply is also expected to result in the construction of several new combined-cycle gas turbine (CCGT) plants and accordingly drive control valve demand growth during the reporting period.

Scope of the report

The control valve controls the flow of a fluid, such as gas, steam, water, or compound, to compensate for load disturbances and to bring the variables produced by the regulation process as close as possible to the desired set point. Control valves are the most important part of any process control loop because they are critical to the overall performance of the process, especially in processes where reliability and productivity are the primary objective.

By industry of terminal application:

Control valves can be divided into: oil and gas, chemicals, energy and power, pharmaceutical, food and beverage, other end-user industries.

By region:

North America (United States, Canada), Europe (United Kingdom, Germany, France, Italy, other Countries and regions in Europe), Asia Pacific (China, Japan, Korea, India, other countries and regions in Asia), Latin America (Mexico, other countries and regions in Latin America), Middle East and Africa.

Key Market Trends

Pharmaceutical industry occupies a major market share

Advances in sensor and valve technology are enabling pharmaceutical companies to reduce total cost of ownership, maximize uptime and reduce maintenance costs to increase manufacturing capacity.

The actuator head of the control valve can be rotated 360° for flexible installation and optimized inlet port alignment. This, in turn, reduces overall installation costs for new and existing projects and optimizes actuator integration during the manufacturing of compact valve arrays.

New technologies adopted by pharmaceutical companies have helped the control valve industry develop and introduce new components that, together with sterile valves, provide a high level of control, integrity and accurate valve status.

The Asia-Pacific region has seen significant growth

Growing populations are fueling urbanization, and an expanding middle class in the Asia-Pacific region is driving demand for oil, gas, power and chemicals in countries such as China, India, Japan and other emerging countries in the region.

In addition, rapid industrialization and growing transport sectors in these countries and regions are expected to increase the demand for oil and gas. The need to provide drinking water for China’s growing population has also driven the construction of desalination plants, further stimulating demand for control valves. Waste and wastewater management is also a huge market driving the demand for control valves.

The competitive landscape

Competition in the control valve market is moderate, with several major players involved. As demand for control valves continues to grow, many new companies are also seeking customers in emerging economies in an effort to increase their market share.

In February 2019, is dedicated to industrial automation and information of the world’s largest enterprise rockwell automation company and the world’s leading oil and gas industry reservoir characterization, drilling, production and processing technology provider schlumberger company announced agreement, formed a new joint venture Sensia – the world’s first fully integrated digital oilfield automation solutions provider.

In May 2018, Fosys announced the sale of its Gestra AG business unit to Spirax Sarco Engin-eering PLC, a leading provider of steam system solutions. The sale is part of a continuing effort by Fox.

Fuchs is committed to focusing on its core business objectives and actively adjusting and optimizing its product portfolio and production layout to enhance the competitiveness of the company in recovering key industry markets.

The main business

Schlumberger LTD

Crane Company

Emerson Electric Co.

Fox company

General Electric