March 18 2020
Market Research Future published a research report on “Control Valve Market Size - Research Report - Global Forecast till 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.
Control Valve Market Size- Overview
Control valve are used by various industrial sectors that include oil & gas, waste water management, automotive, pharmaceuticals, chemical and others in order to control temperature, flow, and pressure by received signals from the controllers. The primary factor that drives the growth of control valve market is growing investment in fluid handling system, increasing need of automation and rising industrial infrastructure projects among others. According to a recent study report published by the Market Research Future, The Control Valve Market Size is booming and is expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
Control Valve device plays an important role in increasing efficiency, safety, and profitability of the process industries. Furthermore, the original equipment manufacturers (OEMs) of control Valve are constantly engaging in research & development activities to design their products in accordance with the changing requirements in numerous industries. However, the lack of technical expertise among instrument engineers may hinder the growth of control valve market.
Control Valve Market size is expected to show a considerable growth rate in coming five years (2016-2022). The growth is majorly driven by the gradual increase in the need for automation in the process industry, the rising number of industrial infrastructure projects in developing countries, and the ever-increasing investment across all the process industries especially, in oil & gas industry.
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Countries such as Brazil, Russia, India and China and the Middle East Region continue to support control valve market. Due to the rising population, high consumption of energy from the middle-class family and the need for energy efficient device is boosting the control valve market in the region.
Some of the major players in Global Control Valve Market Size 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 Figures
Figure 1 Market Synopsis 17
Figure 2 Market Attractiveness Analysis: Global Control Valve Market 18
Figure 3 Global Control Valve Market Analysis, By Valve Type 19
Figure 4 Global Control Valve Market Analysis, By Valve Size 20
Figure 5 Global Control Valve Market Analysis, By Component 21
Figure 6 Global Control Valve Market Analysis, By End Use 22
Figure 7 Global Control Valve Market Analysis, By Region 23
Figure 8 Global Control Valve Market: Structure 25
Figure 9 Research Process 26
Figure 10 Top-Down & Bottom-Up Approaches 29
Figure 11 North America: Control Valve Market Size & Market Share, By Country (2018 Vs 2025) 32
Figure 12 Europe: Control Valve Market Size & Market Share, By Country (2018 Vs 2025) 32
Figure 13 Asia-Pacific: Control Valve Market Size & Market Share, By Country (2018 Vs 2025) 33
Figure 14 Middle East & Africa: Control Valve Market Size & Market Share, By Country (2018 Vs 2025) 33
Figure 15 South America: Control Valve Market Size & Market Share, By Country (2018 Vs 2025) 34
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