The process automation control valves market size was $6.51 billion in 2019 and is expected to grow at a CAGR of 6.79% during forecast period 2020-2025. Growth of the process automation control valves market can be attributed to increasing application of control valves in food & beverage, oil and gas, utilities, pharmaceutical, chemical and other industries and adoption of Internet of Things (IoT) technology in the process industries. The Global process automation control valve market is poised to witness significant growth during the forecast period. With the emergence of industry 4.0, there is high adoption of actuator valves, pneumatic solenoid valves and other valves for process automation. Growing demand for plant safety in manufacturing industries coupled with growing concern for personnel safety has led to the increasing deployment of process automation control valves.


Key Takeaways

North America dominated the process automation control valves market owing to high adoption of automation technologies in industries coupled with stringent regulations in 2019.

Implementation of advanced technologies such as IoT, artificial intelligence and automation technologies in manufacturing industries have been increasing the deployment of control valves. Integration of control valve actuators with these technologies set to drive the market.

Growing trend for digitalization and automation in conventional plants is leading to higher demand for control valves, thereby increasing the market growth.

High investment for adoption of automation technologies in industries is a major challenge which hampers the growth of the market.

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Geography- Segment Analysis

North America region leaded the process automation control valves market in terms of revenue share, and held 36.62% share in 2019 due to technological advancements and growing demand for cutting edge instrument across different industry verticals in the this region. In the U.S., Environmental Protection Agency (EPA) has mandated to limit the use of traditional spring diaphragm actuators in order to reduce greenhouse gas emissions. The replacement of these actuators with pneumatic actuator valves has been reducing methane and volatile organic compounds emissions.  

Drivers - Process Automation Control Valves Market

Adoption of IoT Technology is enhancing the performance of control Valves in process Industries

 Advancements in Technology
 

Market Landscape

Acquisitions, Partnerships and R&D activities are key strategies adopted by players in the process automation control valves market. Process automation control valves top 10 companies include Emerson Electric Co, Flowserve Corporation, Weir Group, Curtiss-Wright Corporation, Honeywell International Inc, Schlumberger Limited, IMI plc, Crane Co, KITZ Corporation, Metso Corporation, Samson.

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