Control Valve Market Research Report: Information by Valve Type (Gate Valve, Globe Valve, Diaphragm Valve, Ball Valve, Butterfly Valve, Check Valve and others), by Valve Size (Less than 1”, 1" to 6", 6" to 25", 25" to 50" and 50" & Above), By Component (Valve Body, Actuators and others), By End-Use (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Chemicals, Food & Beverage, Pharmaceuticals and others) and by Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2025
Control Valve Market is Projected to Witness 5.99% CAGR by 2025, reveals the latest Market Research Future (MRFR) report. A control valve comprises of a valve, an actuator, and a controller that helps to modulate flow at different degrees between full capacity and minimal flow in response to signals from the external control device. These valves are frequently used in different areas to control the flow, direction, volume, liquid level, or pressure. Control valves work by opening or closing either partially or fully, after receiving signals from the controllers.
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Various factors are pushing the growth of the Control Valve Global Market. These factors, in accordance to the Market Research Future (MRFR) report, include growing need for connected networks to monitor/maintain various equipment in plants, commissioning of numerous new nuclear plants, and upscaling of existing nuclear plants. Additional factors pushing the market growth include increasing adoption of industrial automation, growing demand from various end-use industries namely energy & power, oil & gas, and water & wastewater treatment and, increasing investments in water infrastructure and electricity generation.
Some of the major players in Global Control Valve Market includes Burkert Fluid Control Systems (Germany), Crane Co. (U.S.), Velan, Inc. (Canada), Pentair Limited (UK), Flowserve Corporation (U.S.), Dual Products Intl. Cc (South Africa), Metso Corporation (Finland), Samson AG (Germany), MIL Control Limited (India), and IMI Plc. (UK) among others.
Control Valve Global Market - Segmentation
The Market Research Future report offers a wide segmental analysis of the control valve market on the basis of type, component, end users, and valve size.
Based on type, the control valve market is segmented into the diaphragm valve, piston valve, plug valve, gate valve, butterfly valve, and ball valve. Of these, the plug valves segment will have the largest share in the market over the forecast period. It is predicted to grow at the highest CAGR due to increasing demand for control valves from chemical companies in Europe and the Asia Pacific to control the flow of corrosive gases, the flow of slurry, and flow of corrosive acidic liquids, and alkaline liquids.
Based on the component, the control valve market is segmented into actuators, valve body, and others. Of these, the actuators segment will dominate the market over the forecast period. It is predicted to grow at the highest CAGR due to the burgeoning demand for pneumatic actuators.
Based on end users, the control valve market is segmented into pharmaceuticals, construction, chemicals, food & beverages, water & wastewater treatment, energy & power, oil & gas, and others. Of these, the oil & gas segment will lead the market over the forecast period as control valves are widely used to control the pressure, the temperature, and the flow rate of various oils & gases.
Based on valve size, the control valve market is segmented into less than 1”, 1”-6”, 6”-25”, 25”-50” and greater than 50”. Of these, the 6”-25” valve size segment will have the maximum share in the market over the forecast period.
Control Valve Global Market - Regional Analysis
Based on the region, the control valve market report covers growth opportunities and the latest trends across the Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW). Of these, Asia Pacific will have the largest share in the market over the forecast period. This is owing to high investments made for infrastructure development in oil and gas and energy and power industries in India and China and rapid growth in process manufacturing in Asian economies.
The control valve market in North America will have a significant share over the forecast period. This is owing to increasing activities in oil and gas industries, exploration of shale gas reserves, and rapid adoption of the latest technologies in the region.
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TABLE OF CONTENTS
LIST OF TABLES
Table 1 Global Market, By Type
Table 2 Global Market, By Component
Table 3 Global Market, By End-User
Table 4 Global Market, By Regions
Table 5 North America Market, By Type
Table 6 North America Market, By Components
Table 7 North America Market, By End-User
Table 8 U.S. Market, By Type
Table 9 U.S. Market, By Component
Know More about this Report @ https://www.marketwatch.com/press-release/control-valve-market-size-share-2019-global-industry-trends-emerging-technologies-business-growth-development-strategy-and-comprehensive-research-study-2023---23-sep-2019-2019-09-23
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