The Latest Control Valve Industry Statistics Explained
The global control valves market size was USD 7.34 billion in 2019.
The statistic indicates that the global control valves market was valued at USD 7.34 billion in the year 2019. Control valves are essential components in various industries for regulating the flow of fluids such as gases, liquids, and steam in process control systems. This market size figure reflects the total value of control valves sold worldwide in 2019, highlighting the significant demand for these products across industries such as oil and gas, water and wastewater treatment, pharmaceuticals, and manufacturing. The market size serves as a key indicator of the scale and importance of the control valves industry on a global scale, emphasizing its role in ensuring efficient and precise control of industrial processes.
The control valves market is projected to reach USD 10.62 billion by 2027.
The statistic that the control valves market is projected to reach USD 10.62 billion by 2027 indicates the anticipated growth and expansion of the market within the specified timeframe. This projection suggests that the demand for control valves, which are critical components in various industries for regulating fluid flow, pressure, and temperature, is expected to increase significantly over the coming years. The estimated value of USD 10.62 billion represents the total market size in terms of revenue that is forecasted to be generated by the sales of control valves by the year 2027. This statistic can be used by industry stakeholders, investors, and policymakers to understand the potential opportunities and trends in the control valves market and make informed decisions related to investments, product development, and business strategies.
The control valve market is expected to increase at a compound annual growth rate (CAGR) of 5.3% during the forecast period 2020-2027.
The statistic that the control valve market is projected to grow at a compound annual growth rate (CAGR) of 5.3% over the forecast period from 2020 to 2027 indicates the expected annualized growth rate of the market within this timeframe. A CAGR takes into account the overall growth over multiple periods, providing a smoothed representation of the market’s performance. In this context, a CAGR of 5.3% suggests a steady expansion of the control valve market throughout the specified years, implying increasing demand for control valve products and services within various industries such as oil and gas, water treatment, and manufacturing. This growth rate can be used by stakeholders and investors to assess investment opportunities and market trends in the control valve industry.
The energy & power industry is the major end user of control valves, accounting for around 24% of the market share.
This statistic highlights that within the control valves market, the energy and power industry stands out as the largest end user, with a significant market share of approximately 24%. This suggests that control valves play a crucial role in the operations of the energy and power sector, whether in regulating fluid flow, pressure, or temperature in various processes such as power generation, oil and gas production, or renewable energy systems. The high usage of control valves in this industry segment underscores their importance in ensuring efficient and optimal performance of equipment and systems critical to the energy and power sector, ultimately contributing to the industry’s overall success and functionality.
North America dominates the Control Valve market with a share of 33.78%.
This statistic indicates that within the global Control Valve market, North America holds a significant portion with a market share of 33.78%. This implies that North America is the leading region in terms of Control Valve sales and usage, outperforming other regions. The dominance of North America in the Control Valve market suggests a strong demand for these products in the region, potentially driven by industries such as oil & gas, chemical processing, and manufacturing. This statistic underscores the importance of the North American market for Control Valve manufacturers, highlighting opportunities and potential growth prospects in the region.
By type, the ball valves segment is expected to lead the Control Valve market during the forecast period.
The statistic indicates that within the Control Valve market, the ball valves segment is anticipated to have the highest market share and dominate the market throughout the forecast period. This suggests that ball valves are expected to be the most popular and widely used type of control valves among end-users, potentially due to factors such as their versatility, efficiency, and effectiveness in controlling flow and regulating processes. The forecasted leadership of the ball valves segment indicates strong market demand and preference for this particular type of control valve, highlighting its significance within the industry during the specified timeframe.
The Asia Pacific region is predicted to have the fastest growth in the control valves market, with a growing CAGR of 6.1% during 2020-2025.
The statistic indicates that the Asia Pacific region is forecasted to experience the most rapid expansion in the control valves market over the period from 2020 to 2025, with a compounded annual growth rate (CAGR) of 6.1%. This suggests that there is a strong and increasing demand for control valves in various industries within the region, potentially driven by factors such as industrialization, urbanization, and technological advancements. The growth rate of 6.1% signifies a robust and healthy market outlook for control valves in the Asia Pacific region, making it an attractive market for companies operating within this industry to focus and invest in.
The control valves market in the Middle East & Africa is projected to grow at a CAGR of 3.5% from 2020 to 2025.
The statistic indicates that the control valves market in the Middle East & Africa region is expected to experience a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period from 2020 to 2025. This implies that the market size for control valves, which are used in various industries to regulate variables such as flow, pressure, temperature, and level, is projected to increase steadily at a rate of 3.5% annually over the five-year period. The growth forecast suggests a positive outlook for the market, driven by factors such as industrial expansion, infrastructure development, and technological advancements in the region, signaling potential opportunities for businesses operating in the control valves industry in the Middle East & Africa.
The oil & gas industry is expected to be the second-largest consumers of control valves in the coming years.
This statistic suggests that the oil & gas industry is projected to rank as the second-largest user of control valves in the near future. Control valves are critical components in various industrial processes, including regulating the flow, pressure, and temperature of liquids and gases. The high demand for control valves in the oil & gas sector indicates the industry’s significant reliance on this technology for optimizing operational efficiency, ensuring safety, and meeting regulatory requirements. This trend may be driven by factors such as increasing global energy consumption, growing investments in oil & gas exploration and production activities, and the adoption of advanced automation systems in the industry. Overall, this statistic highlights the importance of control valves in supporting the operations of the oil & gas industry and signals potential opportunities for valve manufacturers and suppliers targeting this sector.
The adoption of smart valves and Industrial 4.0 is projected to drive the control valves market.
The statement suggests that the increased utilization of smart valves and integration of Industrial 4.0 technologies are expected to have a significant impact on the control valves market. Smart valves are technologically advanced control valves equipped with sensors, communication capabilities, and automation features that enhance efficiency, reliability, and performance in industrial processes. Industrial 4.0 refers to the trend of automation and data exchange in manufacturing technologies, leading to a more connected and intelligent industrial ecosystem. By incorporating smart valves and Industrial 4.0 principles, businesses can optimize their control systems, increase productivity, reduce downtime, and improve overall operations, driving growth in the control valves market as industries strive for greater automation and efficiency.
The Pneumatic control valve technology dominates the market share due to its high reliability and less complex nature.
The statistic indicates that within the market for control valve technology, the pneumatic control valve has a dominant market share. This can be attributed to its high reliability and simplicity compared to other types of control valves. The use of pneumatic control valves is favored due to their proven track record of performance and minimal complexity in terms of operation and maintenance. As a result, many industries and applications may prefer pneumatic control valves over other options, leading to its dominance in the market share within the control valve technology sector.
Emerson Electric Co., a key player in Control Valve industry, occupied about 18.00 % of the market in 2020.
The statistic indicates that Emerson Electric Co., a prominent company in the Control Valve industry, held a substantial market share of approximately 18.00% in 2020. This suggests that Emerson Electric Co. was a significant player in the industry, with a notable presence compared to competitors. A market share of 18.00% implies that Emerson Electric Co. was able to capture a sizable portion of the market demand for control valves, highlighting its strong position and competitive advantage within the industry. This statistic underscores the company’s influence and market dominance in the Control Valve sector during the specified period.
The high demand for control valves arising from the pharmaceutical and food & beverage industries.
The statistic mentions the high demand for control valves, a crucial component in industrial systems, particularly in the pharmaceutical and food & beverage industries. Control valves are essential for optimizing the flow of liquids, gases, or steam within the manufacturing processes of these industries. The high demand indicates a significant reliance on control valves to maintain precision, consistency, and safety in regulating fluid flows within the production processes of pharmaceuticals and food & beverages. This trend reflects the emphasis placed by these industries on ensuring product quality, adherence to regulatory standards, and operational efficiency through the use of advanced control valves.
Europe is the second-largest market for control valves, due to the increase in the number of manufacturing industries in the region.
The statistic suggests that Europe holds the position of the second-largest market for control valves, which are essential components in various industries for regulating fluid flow and pressure. This status is attributed to the rising number of manufacturing industries across the region, reflecting a growing demand for control valves to enhance operational efficiency and productivity. The data indicates that the European market is expanding and becoming increasingly important in the global control valve industry, driven by the industrial growth and technological advancements within the region.
The energy and power industry is projected to hold the largest share of the control valves market during the forecast period.
This statistic implies that within the control valves market, the energy and power industry is anticipated to account for the highest proportion of market share in the upcoming period. This indicates that control valves are expected to be in high demand within the energy and power sector as a crucial component for regulating and controlling the flow of fluids such as water, steam, air, or gas. The dominance of the energy and power industry in utilizing control valves suggests a significant reliance on these devices for operational efficiency, process control, and safety within power plants, refineries, and other energy-related facilities. As such, companies involved in manufacturing and supplying control valves are likely to focus their efforts on meeting the specific needs and requirements of the energy and power industry to capitalize on this projected market opportunity.
Hydraulic control valve technology is expected to increase at the highest rate in the control valve market.
The statement suggests that the adoption and utilization of hydraulic control valve technology is projected to grow at a faster pace compared to other types of control valve technologies in the market. This indicates a rising demand and interest in hydraulic control valves for various applications such as fluid flow control, pressure regulation, and system automation. The increasing rate of adoption can be attributed to the advantages offered by hydraulic control valves, such as precise and efficient control, reliability, and the ability to handle high-pressure environments. As industries continue to automate and optimize their processes, the growth in hydraulic control valve technology signifies its importance and relevance in meeting the evolving needs of clients and industries.
The global control valve market for the water and wastewater treatment will witness a CAGR of 6.2% during 2020-2025.
This statistic indicates that the global control valve market within the water and wastewater treatment industry is expected to experience a Compound Annual Growth Rate (CAGR) of 6.2% over the five-year period spanning from 2020 to 2025. This signifies a projected steady increase in demand for control valves used in water and wastewater treatment applications, reflecting potential growth opportunities in this sector. The CAGR metric is commonly utilized to measure the average annual growth rate of a market or industry, providing valuable insights into the anticipated expansion of the market over the specified time frame.
Electric control valves technology’s market share is expected to grow over a CAGR of around 6% over the forecast period.
The statistic indicates that the market share of electric control valves technology is projected to increase at a Compound Annual Growth Rate (CAGR) of approximately 6% over the forecast period. This suggests a steady and sustained growth in the adoption and utilization of electric control valves technology within the industry. The rising market share signifies an increasing preference for this technology among consumers and businesses, driven likely by factors such as the need for automation, energy efficiency, and advancements in industrial processes. The forecasted growth rate implies a promising outlook for the electric control valves market, highlighting potential opportunities for companies operating within this sector to expand their market presence and capitalize on the growing demand for this innovative technology.
The market for control valves in the chemicals industry is projected to reach USD 1.8 billion by 2025.
The statistic indicates that the market for control valves within the chemicals industry is forecasted to grow significantly, reaching a total value of USD 1.8 billion by the year 2025. Control valves are crucial components used in various industrial processes within the chemicals sector to regulate the flow of liquids, gases, and steam to optimize production efficiency and safety. The projected growth suggests an increasing demand for control valves within the chemicals industry, likely driven by factors such as technological advancements, expanding industrial activities, and a growing emphasis on process automation and control. This statistic highlights a promising market opportunity for companies operating in the control valve sector targeting the chemicals industry.
By 2027, the global control valve market is projected to reach USD 14.82 billion, at a CAGR of 4.5% during the forecast period.
This statistic indicates that the global control valve market is expected to grow significantly over the forecast period, with a projected value of USD 14.82 billion by the year 2027. The Compound Annual Growth Rate (CAGR) of 4.5% suggests a steady and moderate growth rate for the market. This growth can be attributed to factors such as increasing industrialization, automation, and demand for efficient control and monitoring systems across various industries. The projected market size and growth rate provide valuable insights for industry stakeholders and decision-makers in understanding the potential opportunities in the global control valve market in the coming years.
Conclusion
The control valve industry statistics reveal important insights into market trends, competitive landscape, and emerging technologies. By analyzing these statistics, industry professionals can make informed decisions to optimize operations and stay ahead of the curve. Stay tuned for more updates and analysis on the latest developments in the control valve industry.
References
0. – https://www.www.marketdataforecast.com
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2. – https://www.www.verifiedmarketresearch.com
3. – https://www.www.worldwidemarketreports.com
4. – https://www.www.globenewswire.com
5. – https://www.www.fortunebusinessinsights.com
6. – https://www.www.mordorintelligence.com
