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Control Valve Market Share

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

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Control Valve Market Share

Curtiss-Wright Corporation and Emerson Electric Co. held a significant share of over 10% in the control valves market in 2023. Curtiss-Wright Corporation, founded in 1929, is a diversified industrial company specializing in highly engineered products & services. Curtiss-Wright offers a range of solutions including control valves, actuators, and related technologies. The company serves various industries, including oil & gas, power generation, and chemical processing, with a focus on innovations and customer satisfaction. Curtiss-Wright's expertise in advanced valve technologies positions it as a key player in the global control valves market.

Emerson Electric Co. is a global technology and engineering company headquartered in the U.S. It is a leading provider of control valve solutions for various industries including oil & gas, chemical, and power generation. Emerson offers innovative technologies for precise flow control, reliability, and efficiency optimization with a diverse portfolio of control valves. Its extensive market presence coupled with a strong focus on R&D solidifies Emerson's position as a key player in the control valves market.

Control Valve Market Companies

Major key players operating in the control valves industry are:

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

Authors: Avinash Singh, Sunita Singh

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