Select pages from a 62-page, follow up market research study Mountain Stream Group conducted to determine a.) the size of the control valve market as it relates to positioning and proportional control, b.) who the players are, and c.) what the opportunities and challenges a new company might find.
6. Key control valve industry facts.
1. There is no single trade organization that covers this industry worldwide.
2. There are at least 7 market research companies who study this industry. Each
has a different definition of the industrial control valve industry and particu-
larly the automated control valve segment.
3. The industrial control valve industry is fairly large with anticipated worldwide
shipments ranging between $6 billion and $77 billion.
4. The US control valve market is estimated to be $3.8 billion in 2009 with $1.2
billion in automated valves. The automated valve segment is the fastest
growing segment due to process and plant automation.
5. The US market accounts for between 25% and 35% of the total worldwide
volume.
6. In 2010, China is expected to overtake the US as the world’s largest control
valve market with over $5 billion in shipments.
7. Seventy-five percent of control valves are on/off applications.
8. Twenty percent of automated control valves use linear actuation.
9. Growth of the control valve market is being stunted by the global economic
recession.
10. There is a 6 to 9 month lag time for the industry for when the industry will
turn around. It’s anticipated growth will begin once again in the Q2 of 2010.
11. The industry consists of a lot of small and fragmented companies.
12. The top 3 control valve manufacturers are: Tyco, Emerson and Flowserve.
13. The VMA reports in 2009 the top industries by usage of control valves are
Water & Wastewater (18%), Chemical (16%), Petroleum Production (12%),
Petroleum Refining (12%) and Power Generation (11%).