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Stainless Steel Control Valves

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Stainless steel control valves are used for controlling the flow, pressure, and liquid levels of fluid systems, by either fully or partially opening and/or closing the valve as per the signals received from the controllers. The Market of Stainless S
Transparency Market Research
Global Stainless Steel Control Valves
Market to Reach US$371.6 mn by 2023
owing to Increasing Application in
Chemical Industries of Asia Pacific
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REPORT DESCRIPTION
The global market for stainless steel control valves (less than 2 inches) has been covered under the scope of this
report. Control valves can be defined as a device which modulates the flow of fluids at various degrees in
accordance with signals received from an external control device. It is also referred to as “the final control element”
and performs functions that directly affect the process.
Detailed Report of Stainless Steel Control Valves Market is available at:
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The global stainless steel control valves (less than 2 inches) market is primarily driven by factors such as its
increasing applications in chemical industries of APAC, growing importance of wastewater management across
different countries in the globe and rapid growth of semiconductor & electronic manufacturing industries. Moreover,
due to the hygiene and time efficiency factor, pharmaceutical companies are investing on sophisticated small scale
fluid handling systems, which in turn are expected to result in increased demand for stainless steel control valves
(less than 2 inches). Considering these positive factors, the demand for control valves is set to rise during the
forecast period from 2015 - 2023.
By actuation technology, the market has been sub-divided into manual, pneumatic, hydraulic and electric. Electric
control valves was the largest segment in 2014 and growth of applications of these types of control valves is driven
by factors such as increase in demand for small scale fluid handling systems in industrial automation projects and
growing penetration of wastewater management systems globally. Electric stainless steel control valves (less than 2
inches) provide high degree of flexibility and scalability of operation while used in wastewater management projects.
Based on type, the global stainless steel control valves (less than 2 inches) market can be segmented into five
segments namely ball valve, butterfly valve, cryogenic valve, globe valve and others. Stainless steel butterfly
control valves (less than 2 inches) garnered the maximum revenue in 2014. Extensive applications of stainless steel
butterfly control valves (less than 2 inches) across various industrial sectors have been the primary driving factors
for the growth of this segment.
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The stainless steel control valves (less than 2 inches) market by end-use industry is divided into six segments
namely power generation, oil & gas, chemical industry, semiconductor & electronics manufacturing, wastewater
management and others. The power generation industry was the largest individual contributor in the stainless steel
control valves (less than 2 inches) market in 2014 and is expected to retain its position throughout the forecast
period. The stainless steel control valve (less than 2 inches) applications in the power generation sector are primarily
driven by the increase in demand for power globally and investments in the industrial infrastructure projects in
emerging economies such as China, India and Brazil.
Control valves market has been segmented into broad geographic regions such as North America, Europe, Asia
Pacific (APAC) and Rest of the World (RoW). APAC occupied the largest share of the market in 2014 accounting for
more than 40%. The demand for stainless steel control valves (less than 2 inches) is expected to remain high in the
region as a result of growth across various industry verticals.
Some of the major players in the market are: Emerson Electric, Co. (U.S.), Flowserve Corporation (U.S.), IMI Plc
(U.K.), Metso Corporation (Finland), Pentair, Plc (U.K.), General Electric, Co. (U.S.), MIL Controls Limited (India),
Samson AG (Germany), SVF Flow Controls, Inc (U.S.), Crane & Co. (U.S.), Velan Inc. (Canada), Armstrong
International, Inc.(U.S.), Kimray Inc. (U.S.), Christian Burkert GmbH & Co. KG (Germany), Swagelok Co. (U.S.),
Cameron International Corporation (U .S.), CIRCOR International, Inc. (U.S.) and Richards Industries, Inc. (U.S.)
among others.
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