Control Valve Market
Control Valve Market Analysis by Ball Valves, Butterfly Valves, Globe Valves, and Plug Valves from 2023 to 2033
Analysis of Control Valve Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Control Valve Market Outlook (2023 to 2033)
The global control valve market is valued at US$ 13 billion in 2023 and is predicted to reach US$ 23.3 billion by 2033-end, expanding at a CAGR of 6% over the studied ten years.
- Globe valves are extensively used in wastewater treatment, food processing, and process industries, and account for 39% of overall sales.
- Sales of globe control valves are expected to increase faster at a CAGR of 6.4% over the projection period.
Control valves are crucial for improving the productivity, security, and profitability of these process sectors. Control valve producers are constantly working on new research and development projects to adapt their products to the requirements of various industries.
The process industry's increasing requirement for automation is anticipated to drive market expansion for control valves. Additionally, it is anticipated that increased investments in pharmaceutical infrastructure and the oil and gas sector will spur market growth.
Numerous systems are used within and around the processing system to maintain the efficient and smooth operation of these processes. One of the most important tools for ensuring that the process will run smoothly within the restrictions is the control system.
Different controllers are used by control systems to regulate process conditions. One of these, the control valve, is used to regulate the process's physical characteristics, including flow, pressure, and temperature. New designs are being incorporated to increase the efficiency of control valves in enabling direct control of the flow rate and processing the information on the liquid level, temperature, and pressure.
The pharmaceutical business employs control valves to keep operations running at the proper temperature and pressure to preserve product quality and worker safety. During the forecast period, the expansion of the pharmaceutical industry is likely to spur the expansion of the control valve market.
Electric control valves immediately start working after the installation. Thus, they save time and money for manufacturing units. In addition, the installation time taken for electric control valves is less than other types of valves. The electric valves will drive the adoption of control valves developed on electric actuation technology.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 13 Billion |
| Forecasted Market Value (2033) | US$ 23.3 Billion |
| Global Market Growth Rate (2023 to 2033) | 6% CAGR |
| Market Share of Globe Control Valves (2023) | 39% |
| United States Market Value (2023) | US$ 2.73 Billion |
| Market Share of Oil & Gas Industry (2023) | 26% |
| Germany Market Value (2033) | US$ 1.9 Billion |
| China Market Size (2033) | US$ 3.68 Billion |
| United Kingdom Market Growth Rate (2023 to 2033) | 6.2% CAGR |
| Key Companies Profiled | Honeywell International Inc.; General Electric Company; Goodwin International Ltd.; Flowserve Corp; Dresser Inc.; Metso Plc.; Burkert Fluid Control Systems; Crane Co.; Velan Inc.; Pentair Limited; Samson AG; MIL Control Limited; Emerson Electric Co.; Schlumberger Limited |
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Which are the Major Factors Driving Global Demand for Control Valves?
“IoT Adoption Improving Process Industries' Ability to Operate Control Valves”
The processing sectors, including oil and gas, chemical, and others, have started using IoT (Internet of Things) technology in recent years. Control valves operate more efficiently because of the IoT.
As the IoT system is combined with smart valves that include intelligent control systems, wireless vibration sensors, and embedded processors, there has been an increase in demand for its adoption in many industries.
A centralized monitoring system receives notifications and data from these sensors. In addition to these, IoT is employed for proactive control valve maintenance and real-time remote access. IoT may thus be used to boost control valve performance and efficiency, which will reduce maintenance costs and foster a safer working environment, ultimately driving the control valve market.
“Increasing Adaptability of Control Valves”
Control valves offer greater precision. Different end-user industries demand various industrial valves that range from manual control valves to electric control valves. In addition, newly designed valve controllers do not need maintenance.
Multifunctional aspects of control valves, such as flow, pressure, and temperature regulation, are making them popular across various manufacturing units. Valves such as ball valves, butterfly valves, plug valves, and globe valves are propelling the sales of control valves with their easy availability. Simultaneously, control valves are resistant to harsh environments and corrosion. This, in turn, makes control valves useful for a longer period.
What Could Possibly Hinder the Sales of Control Valves?
“Government Regulations and Lack of Standardized Certifications”
Certain processes at high fluctuating temperatures can increase the load inside the pipe at the end of the valve, leading to leakage in the gate valve. This is hampering the sales of gate valves for high-temperature applications.
Government regulations and a lack of standardized certifications are likely to limit the industry. Another important factor that is predicted to harm market performance over the coming years is the fact that control valves are neither interchangeable nor compatible with a variety of devices.
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How Can Start-ups Expand Their Market Presence?
“New Companies Should Focus on Developing Advanced Control Valves and Integration of Smart Technologies”
Numerous new businesses can expand their market presence and reach out to consumers in emerging economies as a result of the rising demand for control valves. New entrants should focus on developing advanced control valves and the integration of smart technologies and sensors that can facilitate highly accurate measurement across multiple parameters such as liquid levels, pressure, and temperature.
Control valves have become smarter because of innovations such as digitalization and sensor integration. Start-ups must integrate smarter external software to support intelligent control valve positioners.
Country-wise Insights
Will the United States Be an Investment-worthy Market?
“Market to Benefit from Robust Industrial Infrastructure”
- The market in the United States is predicted to rise at a CAGR of 7.1% from 2023 to 2033.
The presence of manufacturers of control valves, along with the increasing presence of end users, is driving the sales of control valves in the country. Robust industrial infrastructure will drive the adoption of control valves.
- The Environmental Protection Agency (EPA) in the United States ordered that the use of conventional spring diaphragm actuators be restricted to minimize greenhouse gas emissions. The emissions of methane and volatile organic compounds decreased when these actuators were replaced with pneumatic actuator valves.
Why are Control Valve Manufacturers Eyeing the United Kingdom?
“Expanding Mining Operations across the Country”
- The market in the United Kingdom is predicted to reach US$ 2.12 billion by 2033.
Expanding mining operations, favorable government policies, and rapid industrial automation are the key factors supporting market expansion in the United Kingdom. Growing sales of hydraulic valves, and rising focus on digital advancements in existing technologies are boosting market value.
Why are Sales of Control Valves Increasing in Germany?
“Growing Emphasis on Renewable Energy Projects”
- The market in Germany is set to develop at a CAGR of 6.4% over the next ten years.
Growing emphasis on renewable energy projects is driving the demand for control valves in Germany. Wind, solar, geothermal, hydropower, and biomass resources are available in the country. The presence of a highly skilled workforce, rapid modernization, and expanding transportation sector are the elements driving market growth.
How is Demand for Control Valves Evolving in China?
“Rapid Growth of Biopharmaceutical Sector”
- The market in China is valued at US$ 1.76 billion in 2023.
Market expansion is attributed to the rapid growth of the biopharmaceutical sector. End users are heavily investing in control valves to increase the efficiency and productivity rate at workstations. An increase in government investments in the biotechnology sector is stimulating market revenue.
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Category-wise Insights
Why is There High Preference for Globe Control Valves?
“Growing Acceptance of Automation in Process Manufacturing”
By valve type, the market is segmented into ball, butterfly, globe, plug, and others.
- At present, globe control valves account for 39% share of the global market.
Globe valves are mechanical or electromechanical components used to direct and control fluid flow and pressure by opening and shutting fluid passageways. There are several uses for globe control valves.
Globe control valves can be found in turbine lube oil systems, fuel oil systems, and cooling water systems. The demand for globe valves has increased globally as a result of the growing acceptance of automation in process manufacturing.
Which Application is Contributing to Market Growth Opportunities?
“Control Valves Widely Used in Oil & Gas Industry Due to Increase in Drilling Activities”
The market is classified into metal & mining, pulp & paper, power generation, oil & gas, chemicals, food & beverages, automotive, pharmaceuticals, water & wastewater management, and others based on application.
- Currently, the oil & gas industry holds 26% share of the global market.
The use of control valves in the oil & gas industry is increasing due to an increase in drilling activities and the increasing energy demand. The oil and gas industry's infrastructure has seen significant investment as a result of the rising demand.
Control valves are widely used in the production of natural gas, the extraction of crude oil, and the refining process. Additionally, due to the increasingly strict safety regulations, about 10% of installed valves are replaced each year.
The need for flow and pressure control devices, such as control valves, is rising across the oil and gas sector to regulate, control, and govern the flow of liquids and gases. Governments are placing a strong emphasis on expanding oil and gas production in response to the growing worldwide demand for energy sources, including natural gas, diesel, and petrol.
Competitive Landscape
Top control valve manufacturers are investing heavily in R&D to create novel solutions while following safety regulations. Leading companies constantly engage in strategic endeavors such as quality control, product standards, joint ventures, and supply chain management to maintain their market position. This aims to increase their presence both locally and globally and provide their customer base with a wider range of products.
For instance,
- In November 2019, Bürkert developed a redundancy block with valves and pressure switches for applications with high safety requirements.
Key Segments of Control Valve Industry Research
-
By Actuation Technology :
- Manual
- Pneumatic
- Hydraulic
- Electric
-
By Valve Type :
- Ball
- Butterfly
- Globe
- Plug
- Others
-
By Application :
- Metal & Mining
- Pulp & Paper
- Power Generation
- Oil & Gas
- Chemicals
- Food & Beverages
- Automotive
- Pharmaceuticals
- Water & Wastewater Management
- Others
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Global Economic Outlook
- 2. Global Market - Executive Summary
- 3. Global Market Overview
- 4. Global Market Supply Demand Analysis
- 5. Pricing Point Analysis
- 6. Global Market Analysis and Forecast 2018 to 2033
- 7. North America Market Size and Forecast, 2018 to 2033
- 8. Latin America Market Size and Forecast, 2018 to 2033
- 9. Europe Market Size and Forecast, 2018 to 2033
- 10. Japan Market Size and Forecast, 2018 to 2033
- 11. APEJ Market Size and Forecast, 2018 to 2033
- 12. MEA Market Size and Forecast, 2018 to 2033
- 13. Global Market Company Share, Competition Landscape and Company Profiles
- 13.1. Emerson Electric Co.
- 13.2. Schlumberger Limited
- 13.3. Honeywell International Inc.
- 13.4. General Electric Company
- 13.5. Goodwin International Ltd
- 13.6. Flowserve Corp
- 13.7. Metso Plc
- 13.8. Dresser Inc.
- 13.9. Burkert Fluid Control Systems
- 13.10. Crane Co.
- 13.11. Velan, Inc.
- 13.12. Pentair Limited
- 13.13. Dual Products Intl. Cc
- 13.14. Samson AG
- 13.15. MIL Control Limited
- 13.16. IMI Plc.
- 13.17. Curtiss-Wright
- 13.18. Neway Valves
- 13.19. Spirax Sarco
- 13.20. Other Players
- 14. Research Methodology
- 15. Disclaimer
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List Of Table
Table 1: Global Market Value (US$ Mn) & Volume, 2018 to 2022
Table 2: Global Market Value (US$ Mn) & Volume, 2023 to 2033
Table 3: Global Market Value (US$ Mn) & Volume and Y-o-Y, 2022 to 2033
Table 4: Global Manual Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 5: Global Manual Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 6: Global Manual Segment Market Share, By Region 2018 to 2022
Table 7: Global Manual Segment Market Share, By Region 2023 to 2033
Table 8: Global Manual Segment Y-o-Y, By Region 2022 to 2033
Table 9: Global Pneumatic Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 10: Global Pneumatic Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 11: Global Pneumatic Segment Market Share, By Region 2018 to 2022
Table 12: Global Pneumatic Segment Market Share, By Region 2023 to 2033
Table 13: Global Pneumatic Segment Y-o-Y, By Region 2022 to 2033
Table 14: Global Hydraulic Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 15: Global Hydraulic Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 16: Global Hydraulic Segment Market Share, By Region 2018 to 2022
Table 17: Global Hydraulic Segment Market Share, By Region 2023 to 2033
Table 18: Global Hydraulic Segment Y-o-Y, By Region 2022 to 2033
Table 19: Global Electric Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 20: Global Electric Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 21: Global Electric Segment Market Share, By Region 2018 to 2022
Table 22: Global Electric Segment Market Share, By Region 2023 to 2033
Table 23: Global Electric Segment Y-o-Y, By Region 2022 to 2033
Table 24: Global Ball Valve Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 25: Global Ball Valve Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 26: Global Ball Valve Segment Market Share, By Region 2018 to 2022
Table 27: Global Ball Valve Segment Market Share, By Region 2023 to 2033
Table 28: Global Ball Valve Segment Y-o-Y, By Region 2022 to 2033
Table 29: Global Butterfly Valve Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 30: Global Butterfly Valve Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 31: Global Butterfly Valve Segment Market Share, By Region 2018 to 2022
Table 32: Global Butterfly Valve Segment Market Share, By Region 2023 to 2033
Table 33: Global Butterfly Valve Segment Y-o-Y, By Region 2022 to 2033
Table 34: Global Globe Valve Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 35: Global Globe Valve Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 36: Global Globe Valve Segment Market Share, By Region 2018 to 2022
Table 37: Global Globe Valve Segment Market Share, By Region 2023 to 2033
Table 38: Global Globe Valve Segment Y-o-Y, By Region 2022 to 2033
Table 39: Global Plug Valve Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 40: Global Plug Valve Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 41: Global Plug Valve Segment Market Share, By Region 2018 to 2022
Table 42: Global Plug Valve Segment Market Share, By Region 2023 to 2033
Table 43: Global Plug Valve Segment Y-o-Y, By Region 2022 to 2033
Table 44: Global Other Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 45: Global Other Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 46: Global Other Segment Market Share, By Region 2018 to 2022
Table 47: Global Other Segment Market Share, By Region 2023 to 2033
Table 48: Global Other Segment Y-o-Y, By Region 2022 to 2033
Table 49: Global Metal & Mining Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 50: Global Metal & Mining Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 51: Global Metal & Mining Segment Market Share, By Region 2018 to 2022
Table 52: Global Metal & Mining Segment Market Share, By Region 2023 to 2033
Table 53: Global Metal & Mining Segment Y-o-Y, By Region 2022 to 2033
Table 54: Global Pulp & Paper Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 55: Global Pulp & Paper Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 56: Global Pulp & Paper Segment Market Share, By Region 2018 to 2022
Table 57: Global Pulp & Paper Segment Market Share, By Region 2023 to 2033
Table 58: Global Pulp & Paper Segment Y-o-Y, By Region 2022 to 2033
Table 59: Global Power Generation Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 60: Global Power Generation Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 61: Global Power Generation Segment Market Share, By Region 2018 to 2022
Table 62: Global Power Generation Segment Market Share, By Region 2023 to 2033
Table 63: Global Power Generation Segment Y-o-Y, By Region 2022 to 2033
Table 64: Global Oil and Gas Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 65: Global Oil and Gas Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 66: Global Oil and Gas Segment Market Share, By Region 2018 to 2022
Table 67: Global Oil and Gas Segment Market Share, By Region 2023 to 2033
Table 68: Global Oil and Gas Segment Y-o-Y, By Region 2022 to 2033
Table 69: Global Chemicals Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 70: Global Chemicals Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 71: Global Chemicals Segment Market Share, By Region 2018 to 2022
Table 72: Global Chemicals Segment Market Share, By Region 2023 to 2033
Table 73: Global Chemicals Segment Y-o-Y, By Region 2022 to 2033
Table 74: Global Food and Beverages Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 75: Global Food and Beverages Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 76: Global Food and Beverages Segment Market Share, By Region 2018 to 2022
Table 77: Global Food and Beverages Segment Market Share, By Region 2023 to 2033
Table 78: Global Food and Beverages Segment Y-o-Y, By Region 2022 to 2033
Table 79: Global Automotive Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 80: Global Automotive Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 81: Global Automotive Segment Market Share, By Region 2018 to 2022
Table 82: Global Automotive Segment Market Share, By Region 2023 to 2033
Table 83: Global Automotive Segment Y-o-Y, By Region 2022 to 2033
Table 84: Global Pharmaceuticals Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 85: Global Pharmaceuticals Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 86: Global Pharmaceuticals Segment Market Share, By Region 2018 to 2022
Table 87: Global Pharmaceuticals Segment Market Share, By Region 2023 to 2033
Table 88: Global Pharmaceuticals Segment Y-o-Y, By Region 2022 to 2033
Table 89: Global Water and Wastewater Management Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 90: Global Water and Wastewater Management Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 91: Global Water and Wastewater Management Segment Market Share, By Region 2018 to 2022
Table 92: Global Water and Wastewater Management Segment Market Share, By Region 2023 to 2033
Table 93: Global Water and Wastewater Management Segment Y-o-Y, By Region 2022 to 2033
Table 94: Global Other Applications Segment Value (US$ Mn) & Volume, By Region 2018 to 2022
Table 95: Global Other Applications Segment Value (US$ Mn) & Volume, By Region 2023 to 2033
Table 96: Global Other Applications Segment Market Share, By Region 2018 to 2022
Table 97: Global Other Applications Segment Market Share, By Region 2023 to 2033
Table 98: Global Other Applications Segment Y-o-Y, By Region 2022 to 2033
Table 99: North America Market Value (US$ Mn) & Volume, By Country 2018 to 2022
Table 100: North America Market Value (US$ Mn) & Volume, By Country 2023 to 2033
Table 101: North America Market Value (US$ Mn) & Volume, By Actuation Technology 2018 to 2022
Table 102: North America Market Value (US$ Mn) & Volume, By Actuation Technology 2023 to 2033
Table 103: North America Market Value (US$ Mn) & Volume, By Valve Type 2018 to 2022
Table 104: North America Market Value (US$ Mn) & Volume, By Valve Type 2023 to 2033
Table 105: North America Market Value (US$ Mn) & Volume, By Application 2018 to 2022
Table 106: North America Market Value (US$ Mn) & Volume, By Application 2023 to 2033
Table 107: Latin America Market Value (US$ Mn) & Volume, By Country 2018 to 2022
Table 108: Latin America Market Value (US$ Mn) & Volume, By Country 2023 to 2033
Table 109: Latin America Market Value (US$ Mn) & Volume, By Actuation Technology 2018 to 2022
Table 110: Latin America Market Value (US$ Mn) & Volume, By Actuation Technology 2023 to 2033
Table 111: Latin America Market Value (US$ Mn) & Volume, By Valve Type 2018 to 2022
Table 112: Latin America Market Value (US$ Mn) & Volume, By Valve Type 2023 to 2033
Table 113: Latin America Market Value (US$ Mn) & Volume, By Application 2018 to 2022
Table 114: Latin America Market Value (US$ Mn) & Volume, By Application 2023 to 2033
Table 115: Europe Market Value (US$ Mn) & Volume, By Country 2018 to 2022
Table 116: Europe Market Value (US$ Mn) & Volume, By Country 2023 to 2033
Table 117: Europe Market Value (US$ Mn) & Volume, By Actuation Technology 2018 to 2022
Table 118: Europe Market Value (US$ Mn) & Volume, By Actuation Technology 2023 to 2033
Table 119: Europe Market Value (US$ Mn) & Volume, By Valve Type 2018 to 2022
Table 120: Europe Market Value (US$ Mn) & Volume, By Valve Type 2023 to 2033
Table 121: Europe Market Value (US$ Mn) & Volume, By Application 2018 to 2022
Table 122: Europe Market Value (US$ Mn) & Volume, By Application 2023 to 2033
Table 123: Japan Market Value (US$ Mn) & Volume, By Country 2018 to 2022
Table 124: Japan Market Value (US$ Mn) & Volume, By Country 2023 to 2033
Table 125: Japan Market Value (US$ Mn) & Volume, By Actuation Technology 2018 to 2022
Table 126: Japan Market Value (US$ Mn) & Volume, By Actuation Technology 2023 to 2033
Table 127: Japan Market Value (US$ Mn) & Volume, By Valve Type 2018 to 2022
Table 128: Japan Market Value (US$ Mn) & Volume, By Valve Type 2023 to 2033
Table 129: Japan Market Value (US$ Mn) & Volume, By Application 2018 to 2022
Table 130: Japan Market Value (US$ Mn) & Volume, By Application 2023 to 2033
Table 131: APEJ Market Value (US$ Mn) & Volume, By Country 2018 to 2022
Table 132: APEJ Market Value (US$ Mn) & Volume, By Country 2023 to 2033
Table 133: APEJ Market Value (US$ Mn) & Volume, By Actuation Technology 2018 to 2022
Table 134: APEJ Market Value (US$ Mn) & Volume, By Actuation Technology 2023 to 2033
Table 135: APEJ Market Value (US$ Mn) & Volume, By Valve Type 2018 to 2022
Table 136: APEJ Market Value (US$ Mn) & Volume, By Valve Type 2023 to 2033
Table 137: APEJ Market Value (US$ Mn) & Volume, By Application 2018 to 2022
Table 138: APEJ Market Value (US$ Mn) & Volume, By Application 2023 to 2033
Table 139: MEA Market Value (US$ Mn) & Volume, By Country 2018 to 2022
Table 140: MEA Market Value (US$ Mn) & Volume, By Country 2023 to 2033
Table 141: MEA Market Value (US$ Mn) & Volume, By Actuation Technology 2018 to 2022
Table 142: MEA Market Value (US$ Mn) & Volume, By Actuation Technology 2023 to 2033
Table 143: MEA Market Value (US$ Mn) & Volume, By Valve Type 2018 to 2022
Table 144: MEA Market Value (US$ Mn) & Volume, By Valve Type 2023 to 2033
Table 145: MEA Market Value (US$ Mn) & Volume, By Application 2018 to 2022
Table 146: MEA Market Value (US$ Mn) & Volume, By Application 2023 to 2033
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List Of Figures
Figure 1: Global Market Value (US$ Mn), 2018 to 2022
Figure 2: Global Market Value (US$ Mn) Forecast, 2023 to 2033
Figure 3: Global Market Value (US$ Mn) and Y-o-Y, 2022 to 2033
Figure 4: Global Manual Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 5: Global Manual Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 6: Global Manual Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 7: Global Pneumatic Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 8: Global Pneumatic Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 9: Global Pneumatic Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 10: Global Hydraulic Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 11: Global Hydraulic Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 12: Global Hydraulic Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 13: Global Electric Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 14: Global Electric Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 15: Global Electric Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 16: Global Ball Valve Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 17: Global Ball Valve Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 18: Global Ball Valve Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 19: Global Butterfly Valve Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 20: Global Butterfly Valve Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 21: Global Butterfly Valve Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 22: Global Globe Valve Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 23: Global Globe Valve Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 24: Global Globe Valve Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 25: Global Plug Valve Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 26: Global Plug Valve Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 27: Global Plug Valve Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 28: Global Other Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 29: Global Other Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 30: Global Other Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 31: Global Metal & Mining Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 32: Global Metal & Mining Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 33: Global Metal & Mining Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 34: Global Pulp & Paper Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 35: Global Pulp & Paper Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 36: Global Pulp & Paper Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 37: Global Power Generation Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 38: Global Power Generation Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 39: Global Power Generation Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 40: Global Oil and Gas Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 41: Global Oil and Gas Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 42: Global Oil and Gas Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 43: Global Chemicals Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 44: Global Chemicals Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 45: Global Chemicals Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 46: Global Food and Beverages Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 47: Global Food and Beverages Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 48: Global Food and Beverages Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 49: Global Automotive Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 50: Global Automotive Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 51: Global Automotive Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 52: Global Pharmaceuticals Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 53: Global Pharmaceuticals Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 54: Global Pharmaceuticals Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 55: Global Water and Wastewater Management Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 56: Global Water and Wastewater Management Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 57: Global Water and Wastewater Management Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 58: Global Other Applications Segment Market Value (US$ Mn) By Region, 2018 to 2022
Figure 59: Global Other Applications Segment Market Value (US$ Mn) By Region, 2023 to 2033
Figure 60: Global Other Applications Segment Y-o-Y Growth Rate, By Region, 2022 to 2033
Figure 61: North America Market Value (US$ Mn), By Country 2018 to 2022
Figure 62: North America Market Value (US$ Mn), By Country 2023 to 2033
Figure 63: North America Market Value (US$ Mn), By Actuation Technology 2018 to 2022
Figure 64: North America Market Value (US$ Mn), By Actuation Technology 2023 to 2033
Figure 65: North America Market Value (US$ Mn), By Valve Type 2018 to 2022
Figure 66: North America Market Value (US$ Mn), By Valve Type 2023 to 2033
Figure 67: North America Market Value (US$ Mn), By Application 2018 to 2022
Figure 68: North America Market Value (US$ Mn), By Application 2023 to 2033
Figure 69: Latin America Market Value (US$ Mn), By Country 2018 to 2022
Figure 70: Latin America Market Value (US$ Mn), By Country 2023 to 2033
Figure 71: Latin America Market Value (US$ Mn), By Actuation Technology 2018 to 2022
Figure 72: Latin America Market Value (US$ Mn), By Actuation Technology 2023 to 2033
Figure 73: Latin America Market Value (US$ Mn), By Valve Type 2018 to 2022
Figure 74: Latin America Market Value (US$ Mn), By Valve Type 2023 to 2033
Figure 75: Latin America Market Value (US$ Mn), By Application 2018 to 2022
Figure 76: Latin America Market Value (US$ Mn), By Application 2023 to 2033
Figure 77: Europe Market Value (US$ Mn), By Country 2018 to 2022
Figure 78: Europe Market Value (US$ Mn), By Country 2023 to 2033
Figure 79: Europe Market Value (US$ Mn), By Actuation Technology 2018 to 2022
Figure 80: Europe Market Value (US$ Mn), By Actuation Technology 2023 to 2033
Figure 81: Europe Market Value (US$ Mn), By Valve Type 2018 to 2022
Figure 82: Europe Market Value (US$ Mn), By Valve Type 2023 to 2033
Figure 83: Europe Market Value (US$ Mn), By Application 2018 to 2022
Figure 84: Europe Market Value (US$ Mn), By Application 2023 to 2033
Figure 85: Japan Market Value (US$ Mn), By Country 2018 to 2022
Figure 86: Japan Market Value (US$ Mn), By Country 2023 to 2033
Figure 87: Japan Market Value (US$ Mn), By Actuation Technology 2018 to 2022
Figure 88: Japan Market Value (US$ Mn), By Actuation Technology 2023 to 2033
Figure 89: Japan Market Value (US$ Mn), By Application 2018 to 2022
Figure 90: Japan Market Value (US$ Mn), By Valve Type 2023 to 2033
Figure 91: Japan Market Value (US$ Mn), By Application 2018 to 2022
Figure 92: Japan Market Value (US$ Mn), By Application 2023 to 2033
Figure 93: APEJ Market Value (US$ Mn), By Country 2018 to 2022
Figure 94: APEJ Market Value (US$ Mn), By Country 2023 to 2033
Figure 95: APEJ Market Value (US$ Mn), By Actuation Technology 2018 to 2022
Figure 96: APEJ Market Value (US$ Mn), By Actuation Technology 2023 to 2033
Figure 97: APEJ Market Value (US$ Mn), By Valve Type 2018 to 2022
Figure 98: APEJ Market Value (US$ Mn), By Valve Type 2023 to 2033
Figure 99: APEJ Market Value (US$ Mn), By Application 2018 to 2022
Figure 100: APEJ Market Value (US$ Mn), By Application 2023 to 2033
Figure 101: MEA Market Value (US$ Mn), By Country 2018 to 2022
Figure 102: MEA Market Value (US$ Mn), By Country 2023 to 2033
Figure 103: MEA Market Value (US$ Mn), By Actuation Technology 2018 to 2022
Figure 104: MEA Market Value (US$ Mn), By Actuation Technology 2023 to 2033
Figure 105: MEA Market Value (US$ Mn), By Valve Type 2018 to 2022
Figure 106: MEA Market Value (US$ Mn), By Valve Type 2023 to 2033
Figure 107: MEA Market Value (US$ Mn), By Application 2018 to 2022
Figure 108: MEA Market Value (US$ Mn), By Application 2023 to 2033
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- FAQs -
What is the size of the control valve market in 2023?
The global control valve market stands at US$ 13 billion in 2023.
What is the value of the control valve market in the United Kingdom?
The United Kingdom market for control valves is valued at US$ 1.16 billion in 2023.
What is the anticipated value of the market for control valves by 2033-end?
By 2033, worldwide demand for control valves is expected to reach a valuation of US$ 23.3 billion.
What is the estimated growth rate of the global market for control valves?
Global sales of control valves are set to increase at a CAGR of 6% through 2033.
Who are the prominent producers of control valves?
Honeywell International Inc., General Electric Company, and Goodwin International Ltd. are the top manufacturers of control valves.
Control Valve Market