Market Size (2018)
$7.59B
Vertical: EnPBase Year: 2018
Market Size (2018)
$7.59B
Projected (2025)
$11.33B
CAGR (2017–2025)
5.8%
Key Players
15+
The global control valve market is projected to grow at 5.99% CAGR during the forecast period, 2019–2025. In 2018, the global control valve market was dominated by Asia-Pacific with a 35.08% share, followed by North America and Europe with shares of 23.77% and 19.01%, respectively. The demand for control valves is growing rapidly owing to various factors, including the increasing investments in the water & wastewater industry and the construction and upscale of nuclear power plants.
The global control valve market has been segmented based on valve type, valve size, component, end use, and region. On the basis of valve type, the global control valve market has been segmented as gate, globe, diaphragm, ball, butterfly, check, and others. The globe segment is expected to grow at a fastest rate during the forecast period. In 2018, the globe segment held a 23.89% share of the global control valve market.
On the basis of valve size, the global control valve market has been segmented as below 1”, 1” to 6”, 6” to 25”, 25” to 50”, and above 50”. The 6” to 25” segment is expected to grow at the fastest rate during the forecast period. In 2018, the 6” to 25” segment held a 27.80% share of the global control valve market.
On the basis of component, the global control valve market has been segmented as valve body, actuators, and others. The actuators segment is expected to grow at the fastest rate during the forecast period. In 2018, the actuators segment held a 44.85% share of the global control valve market.
On the basis of end use, the global control valve market has been segmented as oil & gas, water & wastewater treatment, energy & power, chemicals, food & beverages, pharmaceuticals, and others. The oil & gas segment is expected to grow at the fastest rate during the forecast period. In 2018, the oil & gas segment held a 24.97% share of the global control valve market.
On the basis of region, the global control valve market has been segmented as the North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
The Control Valve Market market is projected to grow at a CAGR of 5.8% from 2017 to 2025.
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View Subscription PlansControl Valve Market
Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
Control valves are mechanical devices that control the flow of fluids in a system by varying the size of the flow passage. Furthermore, they also regulate and control several conditions, such as fluid level, temperature, and pressure, as per the signal received from the control system. The partial or entire opening or closing of control valves is carried out by the actuators. The major components of the valve include its body, bonnet, disk, seat, trim, stem, and plug.
Control valves are used mostly in the operations of oil & gas, water & wastewater, chemicals, food & beverage, marine, energy & power, and other industries.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2017 – 2017
Forecast Period
2019 – 2025
Primary Interviews
150+
Historical data (2017–2018) and forecast period (2018–2025)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThe global control valve market is characterized by the presence of many regional and local vendors. The market is highly competitive with all the players competing to gain market share. Increasing investments in water & wastewater industry and construction and upscale of nuclear power plants are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and aftermarket services. It is crucial for the vendors to provide cost-efficient and high-quality control valves, in order to survive and succeed in an intensely competitive market environment.
The growth of the market vendors is dependent on the market conditions, government support, and industry development. Thus, the vendors should focus on expanding geographically and improving services. Emerson Electric Co., Flowserve Corporation, IMI plc, Alfa Laval, Crane Co., Eaton, Curtiss-Wright Corporation, General Electric, Pentair plc, First Reserve, Velan Inc., Schlumberger Limited, SAMSON, Burkert Fluid Control Systems, and Metso Corporation are the major companies in the market, which compete in terms of availability, quality, price, and technology. They primarily focus on the development of control valve. Although the international players are dominating the market, regional and foreign players with small market shares also have a presence. The international players may strengthen their presence worldwide through acquisitions during the forecast period. It has also been forecasted that improvement of the global economic scenario combined with efforts to enhance infrastructure in emerging nations, is fueling the market growth, thereby making it an ideal time for the players to launch new control valve and increase their share in the global control valve market.
Baker Hughes, a General Electric company, launched becker control valves for the North America Natural Gas Pipeline and Distribution market. This strengthened the product offerings of the company
January 2019
Emerson Electric Co.
Emerson Electric Co. developed Cavitrol Hex anti-cavitation trim technology to reduce the vibration caused by cavitation, which is provided by Vee-Ball Rotary Control Valves. It offers improved performance in extreme environmental conditions while maintaining valve efficiency that results in increased safety
October 2018
Emerson Electric Co.
Emerson Electric Co. developed proportional pressure control valves that feature a digital communications interface for Industry 4.0 and IIoT Integration, which is cost-effective and provides reliable control and diagnostics that support predictive maintenance practices.
Date
Company Name
Development
June 2019
General Electric
Baker Hughes, a General Electric company, received a contract for the Duqm Refinery greenfield construction project to supply control and safety relief valves, which includes globe, butterfly, rotary eccentric plug valves. This helped the company increase its share in the global control valve market
May 2019
General Electric
Baker Hughes, a General Electric company, and Nelson Technologies Inc. (US) received a contract to provide low-noise control valves for the Grayslake pipeline interconnect station
April 2019
General Electric
Baker Hughes, a General Electric company, won a contract to provide control valves to Saudi Aramco’s which includes multi-stage 30” low noise 49000 series, V-Log globe valves for vent applications. This enabled the company to strengthen its global presence in the competitive market
June 2018
Metso Corporation
Metso Corporation signed a contract with the Government of China to supply 8,200 valves including ball valves, globe valves, segment valves, and butterfly valves for key pulp and paper customers in China. This has helped the company create a product appeal in the Asia-Pacific market
November 2017
Metso Corporation
Metso Corporation signed a contract with the Government of China to supply 2500 valves, including ball valves, segment valves, and butterfly valves for Chinese petrochemical customers in the oil & gas industry. This has helped the company increase its share in the global control valve market.
THREAT OF NEW ENTRANTS
Control valves are manufactured to suit various industrial end users for applications, such as oil & gas, energy & power, chemicals, and water & wastewater treatment. The capital required is moderate due to moderate research and development investments and low cost of manufacturing. The need to eliminate failure due to metal fatigue, incorrect assembly, and foreign debris increases the initiatives by the players to improve the quality of the products, which restricts the entry of new players. There are many existing manufacturers, especially the numerous regional manufacturers, who offer cost-effective products to end users. This restrains the entry of new players in the control valve market. Hence, the threat of new entrants in the global control valve market is expected to be low.
BARGAINING POWER OF SUPPLIERS
There is a high supplier concentration in the market due to the several local and international suppliers who offer raw materials, including steel, cast iron, and alloys at competitive prices. Furthermore, the cost of switching suppliers is low, which reduces the bargaining power of suppliers. Hence, the bargaining power of suppliers in the global control valve market is expected to low.
BARGAINING POWER OF BUYERS
There are various end-use industries where such valves are used, making the buyer concentration high. Furthermore, the impact of brand identity in the global control valves market is moderate. The cost of switching between providers is low as the buyers can choose from various manufacturers. Thus, the bargaining power of buyers in the global control valves market is expected to be moderate.
THREAT OF SUBSTITUTES
There are no close substitutes for control valves. So, the market players do not face much threat from substitutes, making the threat of substitutes low.
RIVALRY
There are numerous players, such as Emerson Electric, Schlumberger, and IMI, who develop high-quality control valves for efficient operations. The global control valve market is expected to grow at a significant rate with technological innovation and the end-use verticals favoring the manufacturers who offer advanced technology. Furthermore, there are many other key players, namely General Electric, Alfa Laval, and Eaton that are leading in the global control valve market. These players in the market are investing substantially in the global control valve market. Such factors are expected to make the intensity of rivalry in the global control valve market high.
Market estimates by geography (2025)
InsightAsia Pacific leads with $4.04B by 2025.
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View Subscription Plans| REGION | 2017 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| Middle East and Africa | $896.30M | $1.10B | $1.38B | 5.5% | 12% |
| North America | $1.71B | $2.12B | $2.71B | 5.9% | 24% |
| Asia Pacific | $2.52B | $3.15B | $4.04B | 6.1% | 36% |
| Europe | $1.37B | $1.69B | $2.14B | 5.7% | 19% |
| South America | $706.10M | $853.50M | $1.06B | 5.2% | 9% |
| Total | $7.21B | $8.91B | $11.33B | 5.8% | 100% |
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View Subscription PlansTotal Market Size
$11.33B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Globe | $2.77B | 6.2% | 24% |
| Ball | $2.26B | 5.9% | 20% |
| Butterfly | $1.45B | 5.5% | 13% |
| Check | $1.42B | 5.9% | 13% |
| Gate | $1.39B | 5.2% | 12% |
| Others | $1.29B | 6.3% | 11% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Control Valve Market covering market dynamics, competitive landscape, and strategic outlook.
The Control Valve Market market is projected to reach $11.33B by 2025, growing at 5.8% CAGR. The Globe segment holds the largest share.
The global control valve market is expected grow substantially during the forecast period. The increasing investments in the water & wastewater industry and construction and upscale of nuclear plants are the primary factors driving the growth of the global control valve market. However, the frequent need for valve replacement is expected to restrain the market growth.
The global water & wastewater industry is developing rapidly owing to the threats of water scarcity and wastewater treatment. The water & wastewater treatment industry consists of several chemical or physical treatment processes and biological wastewater treatment processes for the removal of pollutants and harmful contaminants, such as sulfur, nitrates, and bacteria, from water. Moreover, the demand for wastewater treatment is constantly increasing with the rising demand for water in residences, industries, and commercial areas. Additionally, the water & wastewater industry in several countries, such as Israel, Chile, and Australia, is steadily growing in the past few years, increasing the need for wastewater treatment in the water & wastewater industry.
According to the Organization for Economic Co-operation and Development (OECD), in 2017, in Chile, approximately 99.97% of the population has access to wastewater treatment plant. Furthermore, as per Infrastructure Report Card published by the American Society of Civil Engineers, in 2017, there were 14,748 wastewater treatment plants in the US. Moreover, the demand of wastewater treatment plants is expected to increase by 23% with an estimated investment of USD 271 billion by 2032. Such developments lead to the increase in the use of control valves as they help obtain greater control and monitor the flow of water, sludges, and chemicals in the water & wastewater industry. Moreover, the efficiency of the processes such as boiler water treatment and cooling water treatment involved in wastewater treatment depends on the proper functioning of the control valves. Therefore, the demand for control valves is increasing in the water & wastewater industry. Thus, the increasing investments in the water & wastewater industry are expected to drive the growth of the global control valve market during the forecast period.
Globally, there are a large number of manufacturing companies in various sectors including fast-moving consumer goods, automotive, garments, and electronics. Considering the large number of participants and the high competition, manufacturing companies compete by incorporating efficient manufacturing technologies into their processes to reduce the manufacturing costs and the selling prices of their products. Hence, manufacturing companies are introducing Industry 4.0 architecture in control valves to enhance efficiency and increase productivity. Industry 4.0 architecture includes new industrial revolutionary technologies and processes, such as the Internet of Things (IoT), cloud computing, cyber-physical systems (CPS), digitization, and artificial intelligence (AI), to gather and analyze data and information. Therefore, Industry 4.0 architecture enables fast-paced and processes with improved efficiency to produce high quality goods at reduced costs.
This new industry technology, Industry 4.0 when used with control valves, provides several advantages including effective control, prevention of valve leaks, process automation, real-time access response, data gathering and integration, cybersecurity, and predictive valve maintenance. Industry 4.0 allows better control and understanding of every aspect of the operations and provides data to improve processes and boost productivity. For instance, Bürkert (Germany), one of the providers of control valves focusing on the integration of industry 4.0 technology with control valves, developed an Efficient Device Integration Platform (EDIP) that enables advanced networking for the operations of valves, sensors, and actuators. Such developments in control valves entailing the introduction of Industry 4.0 result in improved precision control in control valves. Moreover, such technology implementation can enable the use of control valves in complex control solutions, such as fault monitoring and mixing of gases, improving efficiency and reducing time and costs.
Hence, the introduction of industry 4.0 architecture is a major opportunity for players in the global control valves market.
The effective working of control valves enhances the working and increases the profitability for a company in various end-use industries including oil & gas, chemicals, energy & power, as control valves are used to control the flow of fluids, temperature, and pressure. The proper functioning of the control valves ensures automatic operations, increases process functioning, and reduces maintenance costs and wastage of water and compressed air. However, there are various problems related to the functioning of control valves such as dead band, cavitation, mechanical friction, stiction, and choke flow. Control valve failure occurs due to factors, such as high pressure and temperature, cavitation, debris in the pipeline, the wear of seat seals, incorrect assembly, and improper maintenance. Such issues result in the sticking of a valve in a particular position, the need for increased force for valve movement, and other improper functions. Thus, many end users focus on the proper size selection and repair & maintenance of control valves to ensure effective functioning in various end-use industries.
Additionally, most industries such as energy & power, chemicals, pharmaceuticals, and oil & gas operate unceasingly throughout the year for maximum productivity. Thus, improper functioning of control valves also leads to unnecessary operational costs and safety issues.
Therefore, the frequent need for valve replacement is expected to restrain the growth of the global control valve market during the forecast period.
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Profiles of 107 companies operating in the Control Valve Market market, including revenue, employee count, and market positioning where available.
Showing 107 of 107 companies
CURTISS-WRIGHT CORPORATION
Company Headquarters: Charlotte, North Carolina, US Founded: 1929 Workforce: ~9,000 Company Working: Curtiss-Wright Corporation (Curtiss-Wright) designs, manufactures, and overhauls precision components and engineered products. Moreover, it provides services to the aerospace, defense, and power generation industries globally. The company operates through three business segments—commercial/industrial, defense, and power. Through its commercial/industrial segment, it offers industrial vehicle products, such as electronic throttle control devices, transmission shifters, and joysticks; sensors, controls, and electro-mechanical actuation components and utility systems that are used in commercial aircraft; valves for naval vessels; and industrial applications and surface technology services such as laser peening, shot peening, coatings, and advanced testing. Through the defense segment, it provides commercial off-the-shelf embedded computing board level modules, data acquisition and flight test instrumentation equipment, instrumentation and control systems, turret aiming and stabilization products, integrated subsystems, and weapons handling systems, avionics and electronics, and aircraft data management solutions. The power segment offers hardware, pumps, fastening systems, spent fuel management products, and fluid sealing technologies for nuclear power plants and nuclear equipment manufacturers and naval propulsion and auxiliary equipment, including coolant pumps, generators, power-dense compact motors, steam turbines, and secondary propulsion systems.
FIRST RESERVE
Company Headquarters: Connecticut, US Founded: 1983 Workforce: ~200 Company Working: First Reserve offers industrial valve products through The Weir Group PLC company, which is one of the global leaders in engineering businesses, such as mill circuit technology and services, pressure pumping equipment and services, designs and manufactures valves, pumps and services among end-use industries, such as power generation, mining, infrastructure, and oil & gas. It caters to the requirements of various end-use industries, such as nuclear, conventional and renewable power generation, water and waste water, mid and downstream oil and gas, and general industrial processes. The major end-use industries focusing on industrial valve market are utility companies, general industrial companies, and Engineering Procurement construction Management (EPCM) companies. The company operates in three main divisions namely, minerals, ESCO, and oil & gas. Industrial valves are offered under the ESCO division, which is a global leader in Ground Engaging Tools (GET) used in highly abrasive surface for mining and infrastructure applications. The major brands under which the industrial valves are sold are Hopkinsons, Atwood & Morrill, Blakeborough, Sarasin-RBSD, and WSP. The major operating locations for valve market are the US, Canada, the UK, France, South Korea, South Africa, India, and China. The company is operational in more than 70 countries, worldwide.
SAMSON
SAMSON is a market leader in control valves for industrial processes. It operates wherever there is a controlled flow of oils, gases, vapors or chemical substances. The company manufactures control valves, butterfly valves, and modular automation units for use in all areas of process engineering. Additionally, it also offers products such as sophisticated transmitters, controllers, regulators, actuators, signal converters, sensors & thermostats, and automated systems. The company’s products are used in industries such as chemicals & petrochemicals, power & energy, food & beverages, metallurgy & mining, and oil & gas. It provides solutions for cryogenic applications. The company also provides digital applications (apps) such as SAM GUARD, SAM TANK MANAGEMENT, SAM DISTRICT ENERGY, and SAM-LAN for monitoring and diagnostics. SAMSON has sales offices all over the world, including in countries such as the US, China, Russia, the UK, Argentina, Australia, Brazil, and Canada. Samson International Holding SA, Samson Controls (China) Co., Ltd., Starline Spa, Welland and Tuxhorn AG, Samson Nv, and Samson Controls, Inc. are some of the subsidiaries of the company.
METSO CORPORATION
Metso Corporation is a leading industrial company that provides equipment and services for sustainable processing and flow of natural resources. It operates through four business segments, namely, mining, aggregates, process industries, and recycling. The company offers control valves under its process industries segment. It offers products such as ash conditioners, ship loaders, fine shredders, electric actuators, crushers, and valves. The products offered by the company are used in industries such as oil & gas, pulp & paper, and mining. It has a presence all over the world with 80 service centers in 50 countries globally. Metso Minerals Oy, METSO (MEXICO) SA DE CV, Metso Czech Republic, S.R.O., Metso Austria Gmbh, Metso Australia Limited, Metso Power Oy, Metso Automation Canada Ltd., and Metso Automation Fze (Dubai) are some of the subsidiaries of the company.
VELAN INC.
Velan Inc. is one of the leading manufacturers of industrial steel valves. It provides various products under its gate, globe, and check valves category, which includes cast and forged steel gate, globe, check, ball, triple-offset, and knife gate valves. The company provides its products to various end-use industries, such as refining & petrochemicals, power generation, oil & gas, pulp and paper, mining, LNG & cryogenic, and water & wastewater. Velan Inc. has 13 production facilities, of which four plants are located in North America, four plants are in Europe, and five plants are in Asia-Pacific. It has two stocking distribution centers in the US and Germany, 60 service shops, and several distributors. The company has a presence in several countries across the world, including China, France, Germany, India, Italy, South Korea, Portugal, Taiwan, and the US.
CRANE CO.
Crane Co. is one of the leaders in manufacturing highly engineered industrial products. It serves a wide range of end-use industries, including hydrocarbon processing, petrochemical, chemical, power generation, unattended payment, automated merchandising, aerospace, electronics, transportation, and aerospace. The company operates through four segments, namely, fluid handling, payment & merchandising technologies, aerospace, and electronics & engineered materials. It offers control valves under its fluid handling segment. Some of the other products under this segment are process valves & related products, commercial valves, industrial fluid control products, including valves, pumps, lined pipe, and instrumentation. The company supplies its safety valves through its subsidiary NABIC, which it acquired in 2008. It offers its fluid handling products under the brand names of Crane, Saunders, Xomox, Krombach, REVO, Flowseal, Centerline, Resistoflex, Duochek, Barksdale, Jenkins, Pacific, DEPA, ELRO, Westlock, and WTA. The company supplies valves for applications in chemical, general industrial, non-residential, construction, oil & gas, and power generation industries. It has manufacturing and sales & service centers all over the world, including the Americas, Europe, the Middle East, and Asia-Pacific.
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