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Control Valve Market Trends

  • Report ID: GMI9722
  • Published Date: Jun 2024
  • Report Format: PDF

Control Valve Market Trends

The control valve industry is witnessing a trend toward integrating sensors, actuators, and connectivity features, enabling remote monitoring and control. This integration enhances operational efficiency by providing real-time data insights and facilitating predictive maintenance strategies. Organizations can detect issues early, optimize processes, and minimize downtime with the ability to monitor valve performance remotely, resulting in improved reliability and cost savings.

Industries are compelled to minimize emissions due to stringent environmental regulations. Control valves with enhanced leakage prevention and emission control features help ensure compliance with regulations. These valves ensure precise flow control, reducing the risks of leaks and emissions. Companies avoid penalties and maintain reputational integrity by mitigating environmental impacts with the use of these control valves, increasing their demand.

Authors: Suraj Gujar, Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of control valve was reached USD 7.8 billion in 2023 and is anticipated to register over 8% CAGR between 2024 and 2032, due to the increasing adoption of smart valves and digitalization along with the rising emphasis on energy efficiency and conservation.

The actuator segment in the control valve market is expected to reach USD 6.5 billion by 2032 due to lower operating costs, reduced maintenance needs, and environmental friendliness.

North America control valve market size held 35% revenue share in 2023 due to the robust industrial sector, increasing stringent regulatory standards and the ongoing investments in infrastructure projects.

Curtiss-Wright Corporation, Emerson Electric Co., Flowserve Corporation, Honeywell International Inc., IMI plc, Metso Corporation and Parker Hannifin Corporation

Control Valve Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 903
  • Countries covered: 21
  • Pages: 200
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