Market Share of Control Valve Industry
The control valve market is highly fragmented due to the presence of both global players and small and medium-sized enterprises. Some of the major players in the market are Emerson Electric Co., Flowserve Corporation, Baker Hughes Company, Metso Corporation, and CIRCOR International Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- February 2024: Emerson released innovative solutions that transform valves installed in industrial applications and interact with end users globally. End users need to know how their control valves are performing, address any issues, and improve valve performance in general, for instance, by reducing maintenance. The Fisher™ FIELDVUE™ DVC7K digital valve controller addresses these and other issues by creating an optimized path to action.
- October 2023: Andritz signed an agreement with Flowserve Corporation to acquire its NAF AB valve business. The production plant and equipment deliveries have been equipped with NAF control valves for many years. This acquisition further extended and strengthened Andritz's product and service portfolio in process control.
- May 2023: Emerson unveiled the ASCO Series 209 proportional flow control valves, which boast unparalleled precision, pressure ratings, flow characteristics, and energy efficiency within a specially designed, space-saving structure. These valves, with their optimal size and exceptional performance, enable users to accurately regulate fluid flow in various devices demanding meticulous performance, such as those utilized in medical equipment, food and beverage, and HVAC industries.
Control Valve Market Leaders
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Emerson Electric Co.
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Flowserve Corporation
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Baker Hughes Company
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Metso Corporation
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CIRCOR International Inc.
*Disclaimer: Major Players sorted in no particular order
