Fluid Control Market: By Product Type, By Application, By Control Methods, and Geography

Fluid Control Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Valves, Pumps, Actuators, Flow Meters, and Others), By Application (Oil & Gas Industry, Water & Waste Water Treatment, Pharmaceuticals, Food & Beverages, Others), By Control Methods (Pneumatic, Hydraulics, Manual, Electric), and Region

Fluid Control Market was valued at US$ 4,972.8 million in 2022 and is expected to grow at a 9.7% CAGR from 2023 to 2029. The fluid control systems are used to regulate the flow or pressure of liquid and gases. The flow control systems are ideal for inflow optimization and production maximization, and suitable for horizontal, vertical, and deviated, completions. The increasing demand for fluid control products in end user industries like oil & gas chemicals, construction industry is expected to drive the growth of fluid control market over the forecast year. In addition, growing adoption of automation in industries across the globe, increasing number of power production units due to the increased power consumption in emerging countries are expected to boost the growth of the fluid control market at a significant rate.

Furthermore, increasing investments in research and development of new products by market key players is anticipated to trigger market growth. For instance, in February 2022, Circor International Inc. launched their product ‘CIR 3100’ control valve, a new valve body with a variety of internal options for a wide range of general, critical, and severe applications like oil and gas, processing industries, power generation. However, the regulation policies regarding the manufacture of valves and their approvals differs based on the locations and are time taking process, which is expected to hinder the growth of fluid control market across the globe over the forecast period. However, increasing technological advancements in the development of smart fluid control systems, integration of digital technologies and increasing emphasis on energy efficiency are expected to provide huge opportunities to the key players in fluid control market over the forecasted period. Geographically, Asia Pacific region held the major market share in 2022 and is expected to dominate the global fluid control market in the forecasted years.

Fluid Control Market Key Developments:

  • In July 2022, Valmet upgraded its flexible butterfly valve product line with Neles Q-Disc, a high performing feature which aids flow balancing in control valve applications.

Fluid Control Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

9.7%

Largest Market

Asia Pacific

Fastest Growing Market

North America

Fluid Control Market Dynamics

Fluid control market is expected to grow over the forecasted period due to the increasing demand for fluid control systems in various end user industries. The rapid growth in the pharmaceutical, oil and gas industry is expected to increase the demand of fluid controls systems over the forecasted period. In addition, the increasing demand for semiconductors across the globe is expected to increase the demand for fluid control systems. Increasing population and rapid industrialization in emerging countries is expected to drive the market growth over the forecast period.

Fluid Control Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2022

US$ 4,972.8 million

Market CAGR

9.7%

By Product Type

  • Valves
  • Pumps
  • Actuators
  • Flow Meters
  • Others

By Application

  • Oil & Gas Industry
  • Water & Waste Water Treatment
  • Pharmaceuticals
  • Food & Beverages
  • Others

By Control Methods

  • Pneumatic
  • Hydraulics
  • Manual
  • Electric

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Key Features of the Report

  • The fluid control market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

Fluid Control market was valued at US$ 4,972.8 million in 2022, and is expected to grow at a 9.7% CAGR from 2023 to 2029

Advancement of technologies and increase in demand for fluid control systems in various industries are expected to provide opportunities to the key market players in fluid control market.

The leading players in the global Fluid Control market are ABB Ltd., Siemens AG, Mitsubishi, Schneider Electric SA, Bharat heavy Electricals Ltd., Texas Instruments, Alfa Laval Corporate AB, Weatherford International Plc, Valmet, Gemsensors, Hitachi.

Government regulations regarding the manufacture of valves differ from region to region and takes a long time for approval which is expected to hinder the market growth over the forecasted period.

1.Executive Summary
2.Global Fluid Control Market Introduction 
2.1.Global Fluid Control Market  - Taxonomy
2.2.Global Fluid Control Market  - Definitions
2.2.1.Product Type
2.2.2.Application
2.2.3.Control Methods
2.2.4.Region
3.Global Fluid Control Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Fluid Control Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Fluid Control Market  By Product Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Valves
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Pumps
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Actuators
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Flow Meters
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Others
5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
6.Global Fluid Control Market  By Application, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Oil & Gas Industry
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Water & Waste Water Treatment
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Pharmaceuticals
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Food & Beverages
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Others
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
7.Global Fluid Control Market  By Control Methods, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. Pneumatic
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Hydraulics
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Manual
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Electric
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8.Global Fluid Control Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Fluid Control Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Valves
9.1.2.Pumps
9.1.3.Actuators
9.1.4.Flow Meters
9.1.5.Others
9.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Oil & Gas Industry
9.2.2.Water & Waste Water Treatment
9.2.3.Pharmaceuticals
9.2.4.Food & Beverages
9.2.5.Others
9.3.  Control Methods Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Pneumatic
9.3.2.Hydraulics
9.3.3.Manual
9.3.4.Electric
9.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Fluid Control Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Valves
10.1.2.Pumps
10.1.3.Actuators
10.1.4.Flow Meters
10.1.5.Others
10.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Oil & Gas Industry
10.2.2.Water & Waste Water Treatment
10.2.3.Pharmaceuticals
10.2.4.Food & Beverages
10.2.5.Others
10.3.  Control Methods Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Pneumatic
10.3.2.Hydraulics
10.3.3.Manual
10.3.4.Electric
10.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11.Asia Pacific (APAC) Fluid Control Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Valves
11.1.2.Pumps
11.1.3.Actuators
11.1.4.Flow Meters
11.1.5.Others
11.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Oil & Gas Industry
11.2.2.Water & Waste Water Treatment
11.2.3.Pharmaceuticals
11.2.4.Food & Beverages
11.2.5.Others
11.3.  Control Methods Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Pneumatic
11.3.2.Hydraulics
11.3.3.Manual
11.3.4.Electric
11.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Fluid Control Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Valves
12.1.2.Pumps
12.1.3.Actuators
12.1.4.Flow Meters
12.1.5.Others
12.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Oil & Gas Industry
12.2.2.Water & Waste Water Treatment
12.2.3.Pharmaceuticals
12.2.4.Food & Beverages
12.2.5.Others
12.3.  Control Methods Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Pneumatic
12.3.2.Hydraulics
12.3.3.Manual
12.3.4.Electric
12.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Fluid Control Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
13.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Valves
13.1.2.Pumps
13.1.3.Actuators
13.1.4.Flow Meters
13.1.5.Others
13.2.  Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Oil & Gas Industry
13.2.2.Water & Waste Water Treatment
13.2.3.Pharmaceuticals
13.2.4.Food & Beverages
13.2.5.Others
13.3.  Control Methods Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Pneumatic
13.3.2.Hydraulics
13.3.3.Manual
13.3.4.Electric
13.4.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.ABB Ltd.
14.2.2.Siemens AG
14.2.3.Mitsubishi
14.2.4.Schneider Electric SA
14.2.5.Bharat heavy Electricals Ltd.
14.2.6.Texas Instruments
14.2.7.Alfa Laval Corporate AB
14.2.8.Weatherford International Plc
14.2.9.Valmet 
14.2.10.Gemsensors
14.2.11.Hitachi
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • ABB Ltd.
  • Siemens AG
  • Mitsubishi
  • Schneider Electric SA
  • Bharat heavy Electricals Ltd.
  • Texas Instruments
  • Alfa Laval Corporate AB
  • Weatherford International Plc
  • Valmet 
  • Gemsensors
  • Hitachi

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