Control Valve Global Market Report 2023

“Control Valve Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on control valve market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for control valve? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The control valve market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Linear; Rotary

• 2) By Component: Valve Body; Actuator; Other Components

• 3) By Material: Stainless Steel; Alloy-Based; Cast Iron; Cyrogenic; Other Materials

• 4) By Industry: Oil and Gas; Water and Wastewater Treatment; Energy and Power; Pharmaceuticals; Food and Beverage; Chemicals; Building and Construction; Paper and Pulp; Metals and Mining; Other Industries

• Companies Mentioned: Schlumberger Limited; Samson AG; Velan Inc.; Curtiss-Wright Corporation; Crane Holdings Co.

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the control valve market are Schlumberger Limited, Samson AG, Velan Inc., Curtiss-Wright Corporation, Crane Holdings Co., Alfa Laval AB, IMI Plc., Flowserve Corp., Emerson Electric Co., General Electric Company, Burkert Fluid Control Systems, Kitz Corporation, Neway Valve, Cla-Val, Apollo Valves, Arca Regler Gmbh, Lapar Control Valve, and Taylor Valve Technology Inc.

The global control valve market is expected to grow from $5.97 billion in 2022 to $6.73 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The control valve market is expected to grow to $10.68 billion in 2027 at a CAGR of 12.2%.

The control valve market consists of sales of air to close valve, air to open valve, fail open valve, and fail close valves. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The control valve is a power-operated device that regulates the rate of fluid flow. The control valve is used to control pressure, flow, temperature and other variables.

North America was the largest region in the control valve market in 2022. The regions covered in the control valve market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of control valves are linear and rotary. Linear valves are pressure relief valve that is designed to prevent vacuum formation in process systems. The components involved are valve body, actuator, and others that are made of various materials such as stainless steel, alloy-based, cast iron, cryogenic, and others. They are used in oil and gas, water and wastewater treatment, energy and power, pharmaceuticals, food and beverage, chemicals, building and construction, paper and pulp, metals and mining, and other industries.

The growing oil & gas and power industries are expected to propel the control valve market growth going forward. The oil & gas industry refer to companies that are involved in discovering a resource, transporting to a refinery, and processing it into a finished product. The power industry includes businesses that are involved in providing power such as gas, and electricity to domestic and commercial uses. The boom in the oil & gas and power industries requires the installation of control valves for processing and distribution. For instance, according to Energy Information Administration - EIA, a US-based provider of energy information, the production of crude oil in the US in 2022 increased by 14.05% to 11,316 barrels per day compared to 9,925 barrels per day in 2021. Also, the electricity net generation in the US in September 2022 increased by 0.9% to 350,920 thousand MWh from 2021. Therefore, the growing oil & gas and power industries are driving the growth of the control vales market.

Technological Advancements are a key trend gaining popularity in the control valve market. Major companies operating in the control valve market are focused on developing new technological solutions to strengthen their position. For instance, in February 2020, Emerson Electric Co., a US-based corporation that manufactures products and provides engineering services launched the ASCO Series 158 Gas Valve, which is expected to enhance the safety and reliability of combustion systems. The new valve ensures a safe shutoff in event of a failure of the fuel train system and it also eliminates the need for other safety components.

In February 2020, The Curtiss-Wright Corporation, a US-based provider of highly engineered, technologically advanced products and services acquired Dyna-Flo Control Valve Services Ltd for CAD 81 million (US$ 62 million). With this acquisition, the Dyna-Flo Control Valve Services Ltd will be part of Curtiss-Commercial/Industrial Wright's segment and is anticipated to generate free cash flow conversion rates above 100%. Dyna-Flo Control Valve Services Ltd is a Canada-based designer and manufacturer of linear and rotary control valves, isolation valves, actuators, and level and pressure control systems for the chemical, petrochemical, and oil and gas markets.

The countries covered in the control valve market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The control valves market research report is one of a series of new reports from The Business Research Company that provides control valves market statistics, including control valves industry global market size, regional shares, competitors with control valves market share, detailed control valves market segments, market trends, and opportunities, and any further data you may need to thrive in the control valves industry. This control valve market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.