The Asia-Pacific Control Valve market is growing persistently, witnessing rising sales. The market growth attributes to the increasing usages of Asia-Pacific Control Valves in the burgeoning construction industries. Besides, rising demand from end-use industries such as oil & gas, chemicals, food & beverage, and pharmaceuticals, substantiates the market growth. Moreover, increasing usages of Asia-Pacific Control Valves in water & wastewater treatment and energy & power industry applications create substantial market demand.
According to Market Research Future (MRFR), the Asia-Pacific Control Valve market is projected to USD 15.50 Billion by 2032, registering an 11.20% CAGR throughout the anticipated period (2024-2032). Without a controlled flow, a pump can quickly suffer severe damages, causing downtime and costly repairs. Asia-Pacific Control Valves regulate the flow of complex equipment, controlling flow measurement devices, control unit, and energy supply continuously.
The water & wastewater treatment industry requires several chemical/ physical treatment processes and biological wastewater treatment processes to remove pollutants & harmful contaminants, such as sulfur, nitrates, and bacteria, from water. Additionally, increasing investments in the water & wastewater and construction industry, alongside the upscale of nuclear power plants, boost the Asia-Pacific Control Valve market size.
On the flip side, price volatility and the demand-supply gap in raw materials required for the manufacturing of valves is a major factor estimated to impede market growth. Nevertheless, advancement in technology would support market growth throughout the estimated period, bringing about cost-competitive manufacturing techniques.
Market Segmentation
The Asia-Pacific Control Valve Market is divided into the valve type, the valve size, the component, and the end-use.
Depending upon the valve type, the market is segmented into the diaphragm, ball, globe, gate, and butterfly and checked along with others. Divided by the valve size, the segmentations are below 1”, 25” to 50”, 1” to 6” and all those above 50. The market is again segmented into the valve body and actuator depending upon the component and oil and gas, energy and power, and chemicals depending upon the end-use.
Asia-Pacific Control Valve Market – Regional Analysis
The Asia Pacific region dominates the Asia-Pacific Control Valve market. The largest market share attributes to the increase in investments in the construction and energy & power industries. Besides, the region is expected to witness around USD 1.7 TN per year in infrastructure by 2030 to maintain its growth momentum, substantiating market growth.
Furthermore, the regulatory and institutional reforms drive the market growth, making infrastructure more attractive for private investors and to plan projects for public-private partnerships. Also, the increasing focus on generating power from renewable energy sources fosters the growth of the regional market. China and India had the highest contribution to the region’s total renewable energy generation capacity. The APAC Asia-Pacific Control Valve market is poised to retain its dominance throughout the forecast period.
North America stands second in the Asia-Pacific Control Valve market. The market is driven by the rising usages of Asia-Pacific Control Valves to regulate liquid flow in fire fighting systems, piping systems, and water supply systems. Moreover, the burgeoning construction industry and the spurting growth in wind, bioenergy, and hydropower energy boost the regional market growth. The US, with its highest contribution in total renewable energy generation capacity, leads the regional market.
The Asia-Pacific Control Valve market in the European region is growing rapidly. Factors such as the increasing focus on renewable energy generation foster the growth of the regional market. Additionally, increasing usages of Asia-Pacific Control Valves in quadrupling numbers of hydropower plants to control and regulate water flow for turbines propel the regional market growth. The European valve market is projected to create a substantial revenue pocket during the forecast period.
Asia-Pacific Control Valve Market – Competitive Analysis
Highly competitive, the Asia-Pacific Control Valve market appears fragmented due to the presence of several well-established players. Industry players incorporate strategies, such as mergers & acquisitions, collaborations, expansion, and product or technology launch. They compete based upon pricing, technology, reputation, and services. From the product development and sales perspective, players invest in R & D to develop a technology, brand building, and expand their reach to support their competitive position.
Managing the cost of raw materials is a top priority for manufacturers. Firms are seeking new ways to mitigate these risks associated with raw materials instability.
Major Players:
- Neles Corporation
- Burkert Fluid Control Systems
- Schlumberger Limited
- Samson
- Velan Inc
- First Reserve
- General Electric
- Curtiss-Wright Corporation
- Eaton
- Crane Co.
- Alfa Laval
- IMI Plc
- Flowserve Corporation
- Emerson Electric Co
Industry/ Innovation /Related News:
October 03, – SCHROEDAHL (Germany), a CIRCOR International brand and a multinational leader in pump protection & flow control technology, launched its new, self-modulating TDL Automatic Recirculation Valves (ARVs). New valves are available in 10 & 12 NPS are designed to keep pumping systems in the process. These reliable all-in-one pump protection solutions come with high bypass flow offering maximum flexibility in bypass trim sizes for pumping systems.
High-efficiency self-modulating pump protection valves offer reliability and cost savings. These can be used in fire fighting systems, refinery, power & chemical applications modulating for smooth operations, without cavitation, vibration, or overheating.
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