Advancements in automatic control technology has instrumented the increasing applications of mechanical control components such as control valves. Several industrial processes are being automated, and control valves are being used to control the flow of fluids. New control valves are being equipped with smart technologies and high-tech sensors that can gauge the pressure, liquid level and temperature effectively. Manufacturers are also working towards increasing the accuracy of control valves in measuring as well as controlling the flow rate directly.
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4 Key Insights from Fact.MR’s Forecast
- Through 2026, majority of control valves being manufactured in the world will be developed on pneumatic actuation technology. The report estimates that by the end of 2026, more than 6,100 thousand units of pneumatic control valves will be sold globally.
- Ball valves and globe valves will be recognized as top-sellers in the global control valve market. By 2026-end, nearly 10,000 thousand units of ball-type and globe-type control valves are expected to be sold globally. The report also estimates a surging demand for butterfly valves, and expects that this type of control valve will reflect a 6% CAGR in terms of volume over the forecast period.
- Throughout the forecast period, control valves will be predominantly used in oil & gas applications. By the end of 2026, oil & gas applications of control valves will account for more than one-fourth share of global control valve market volumes. The report also reveals that water and wastewater management applications of control valves will register fastest sales by reflecting a 6.4% volume CAGR over the forecast period.
- Robust industrial infrastructure in the US and Canada will drive the adoption of control valves across North America. The report observes North America as the largest market for control valves. By 2026-end, North America will account for more than 30% of global control valve market volumes. The report also observes that control valve manufacturing will remain concentered in the Asia-Pacific excluding Japan (APEJ) Over the forecast period, the APEJ control valve market is assessed to expand at the highest volume CAGR of 5.8%.
The report has forecasted that ball valves will represent top-selling control valve in the global landscape. The adoption of ball valves remains predominantly high in the industrial marketplace for their efficiency in working at non-lubricated conditions and maintaining the regularization of high pressures and high temperature flows. On the other hand, butterfly valve and globe valve will witness a surging demand, reflecting a volume CAGRs of 6% and above respectively over the forecast period. The report also reveals that control valves will find the most lucrative applications in the oil & gas industry. By 2026-end, nearly one-fourth of global control valve market volumes will be accounted by the oil & gas applications of control valves.
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Competition Tracking
Leading manufacturers of control valves have been extensively profiled in this report. Companies namely, Emerson Electric Co., Schlumberger Limited, Honeywell International Inc., General Electric Company, Goodwin International Ltd., Flowserve Corp, Metso Plc, Dresser Inc., Burkert Fluid Control Systems, Crane Co., Velan, Inc., Pentair Limited, Dual Products Intl. Cc, Samson AG, MIL Control Limited, IMI Plc., Curtiss-Wright, Neway Valves, and Spirax Sarco, among others, are recognized as the leading players in the global control valve market. These companies are expected to instrument the global production of control valve through 2026.
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