According to a research report “ Control Valves Market” by Application (Pneumatic, Electrical, Hydraulic) Product (Sliding shaft, Rotating shaft) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2770.3 million, at a CAGR of 5.33% during the forecast period. In the global industrial landscape, significant investments are being made in fluid handling technology, particularly in sectors like oil and gas and water and wastewater. The North American shale oil boom has catalyzed this trend, generating substantial demand for fluid handling equipment and components, including control valves. These control valves play a pivotal role in managing the shale oil extraction and production process, as well as ensuring the uninterrupted flow of shale oil during transportation via pipelines. The initiation of new upstream oil and gas projects worldwide is projected to fuel the demand for control valves, with numerous new shale oil projects in the US necessitating the construction of additional pipelines for the transport of shale oil..
Browse market data tables, figures, and in-depth TOC on “Control Valves Market” by Application (Pneumatic, Electrical, Hydraulic) Product (Sliding shaft, Rotating shaft) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Application, the Pneumatic segment is projected to dominate the market size in 2024
The Control Valves market is a significant segment in the industrial automation industry, characterized by continuous growth. These valves play a crucial role in regulating, protecting, and optimizing process control in various industries. Key applications include oil and gas, power generation, water and wastewater treatment, and chemical processing. Market drivers include increasing industrial automation and the need for process efficiency and safety. Major players include Emerson Electric, Honeywell International, and Flowserve Corporation.
By Product, Sliding shaft segment is expected to hold the largest market size for the year 2024
The Control Valves market is a significant segment within the industrial automation industry. These valves play a crucial role in regulating, directing, and protecting industrial processes by managing fluid flow, pressure levels, and temperature. Companies in this market offer various types of control valves, including pneumatic, electric, hydraulic, and electronic valves, to cater to diverse industry requirements. Growth in sectors like oil and gas, power, and water and wastewater treatment is driving the demand for advanced control valve technologies.
APAC is forecasted to hold the largest market size by region in 2024
The Control Valves market represents a significant business opportunity for manufacturers and suppliers due to the increasing demand for process automation and optimization in various industries. These valves play a crucial role in regulating, protecting, and optimizing industrial processes by accurately controlling fluid flow and pressure. Market growth is driven by factors such as rising oil and gas production, expanding infrastructure projects, and stringent safety regulations. Companies that can offer innovative solutions, reliability, and cost-effectiveness will thrive in this competitive landscape.
The Control Valves Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Control Valves Market encompasses a wide range of automatic components, including Solenoid Valves, that are essential for various industries such as Energy & Power, Oil & Gas, Water & Wastewater Treatment, Pharmaceuticals, and more. Industry players manufacture and supply these valves for use in Industrial Equipment, particularly in Power Generation Plants, Nuclear Power Plants, and Process Plants. Control Valves play a crucial role in regulating the flow of Cooling Water, Feed Water, and Chemical Treatment in these industries. With the increasing trend towards Automation and Wireless Infrastructure, Smart Control Valves are gaining popularity. These valves offer advanced features like real-time monitoring, predictive maintenance, and remote control, making them ideal for Connected Networks in the Energy & Power Industry. Medical Devices also utilize Control Valves for precise fluid control. The Oil & Gas Industry uses these valves for applications like oil production, refining, and transportation. In the Water & Wastewater Treatment Industry, Control Valves are used for water distribution, sewage treatment, and industrial water supply. The Pharmaceuticals Industry relies on these valves for the production of various drugs and chemicals. Overall, the Control Valves Market is expected to grow significantly due to the increasing demand for efficient and intelligent Industrial Equipment.
Market Research Overview
The Control Valves Market encompasses a wide range of industrial automation components, including solenoid valves, rotary control valves, plug valves, gate valves, diaphragm valves, ball valves, butterfly valves, and linear control valves. These valves play a crucial role in various industries such as power generation, oil & gas, pulp & paper, renewable energy, and chemicals, where they are used for pressure control, temperature control, and fluid handling in applications ranging from potable water to sanitizer dispensers and cooling water. The market is driven by the need for energy efficiency, safety standards, and automation in industries, as well as emerging trends like wireless infrastructure, smart valve technology, and digital intelligence. Industry players like Leslie Controls are at the forefront of innovation, offering smart control valves that optimize energy usage and improve safety. The market is also influenced by external factors such as environmental legislation, financing opportunities, and the aging infrastructure in emerging economies. The oil & gas industry, particularly in regions like the Permian Basin, continues to be a significant consumer of control valves due to the petroleum demand and the need for pressure control in oil & gas production. Miniaturization and the integration of alternative energy sources are also key trends in the market, with applications in renewable energy projects and nuclear power plants. Safety standards and maintenance activities are critical considerations, as are sanitation-related issues in industries like food processing and medical devices. Overall, the control valves market is poised for growth, driven by the need for energy efficiency, automation, and safety in various industries.
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