Control Valve Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Valve Type (Linear Valves And Rotary Valves), By Material (Steel, Iron And Others), By Size (Less Than 2'', 2'' To 8'' And Above 8''), By Industry Vertical (Oil And Gas, Water And Waste Water, Food And Beverages, Energy And Power And Others), And By Geography - Forecasts From 2021 To 2026

The Control Valve market is expected to grow at a compound annual growth rate of 5.01% over the forecast period to reach a market size of US$11.641 billion in 2026, from US$8.267 billion in 2019. 

A control valve has been known as a power-operated device or unit that is used in the manipulation or regulation of the overall flow of fluids, like steam, water, oil, and gas. The market is expected to surge in the coming years, due to the increasing demand for control valves in various sectors, such as the water & wastewater sector, oil & gas sector, food & beverage, and others. The rise in investments aiming at the development of novel and advanced control valve products and solutions is expected to be a major factor in the market growth, in the coming years. Countries, such as the United States, India, and China, are expected to enhance their market growth, in the coming years.

Latest Developments

Major firms and corporations have been making significant developments in the market, in the past few years.

• In September 2021, Burkert, one of the major players in the market, announced that it had launched a novel low maintenance and durable on/off control valve for controlling and switching steam, liquids, and gases in the food and process industries. These industries have been suitable and applicable for media pressures up to 25 bar. The company had been offering a diverse range of electric and pneumatically operated on/off motors and control valves for various applications.
• In September 2021, FlowWorks announced that it had acquired a key distributor of control valves, known as Genesis Systems. The company had stated that under this acquisition, its customers and clients would be able to benefit from a wide range of products. FloWorks had been backed by Clearlake Capital Group L.P.

Increasing demand in the water & wastewater industry

The market is expected to surge in the coming years, due to the rising demand for control valves in the water and wastewater sector, worldwide. According to the United Nations Sustainable Development Report, around US$ 6.7 trillion by the year 2030 to around US$22.6 trillion by 2050 investment has been needed in water security. The Food and Agriculture Organisation had stated that around US$960 billion of global capital investment had been needed to enhance and expand the irrigation services between 2007 and 2050, in around 93 developing nations. Control valves are widely used in the water sector. It helps in the optimization of water flow through pump control stations. It also helps prevent slamming concerns and protects against reverse flow. A plethora of firms and corporations have been making significant developments in the market. For instance, Flomatic, a key valve producer certified under ISO 9001, has been offering control valves to its customers. The company has been offering automatic control valves. Its valves also work with hydraulic pilots and actuators. These trends and developments are projected to enhance the market growth, in the coming years.

Control Valve Market Scope:

Segmentation:

• By Valve type
  • Linear Valves
    • Globe Valves
    • Pinch Valves
    • Others
  • Rotary Valves
    • Ball Valves
    • Plug Valves
    • Butterfly Valves
• By Material
  • Steel
  • Iron
  • Others
• By Size
  • Less than 2”
  • 2” to 8”
  • Above 8”
• By End User Industry
  • Water & Wastewater
  • Food & Beverage
  • Energy & Power
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Thailand
    • Taiwan
    • Indonesia
    • Others

Frequently Asked Questions (FAQs)

Q1. What is the size of the global control valve market?
A1. Control Valve Market was valued at US$8.267 billion in the year 2019.

Q2. What will be the control valve market size by 2026?
A2. The control valve market is expected to reach a market size of US$11.641 billion by 2026.

Q3. What are the growth prospects for the control valve market?
A3. The global control valve market is expected to grow at a CAGR of 5.01% over the forecast period.

Q4. What factors are anticipated to drive the control valve market growth?
A4. The control valve market is driven by rising demand from end-use industries such as water & wastewater treatment, oil & gas, and the energy & power industry.

Q5. How is the global control valve market segmented?
A5. The control valve market has been segmented by valve type, material, size, industry vertical, and geography.