Los Angeles, CA -- (SBWire) -- 06/06/2019 --Control valves are used to regulate process variables, such as flow, temperature, pressure, and fluid level in the process industries including oil & gas, water management, chemicals, power generation, automotive, mining, pharmaceuticals, food & beverages, and many others.
Control valves play an important role in increasing efficiency, safety, and profitability of these process industries. Furthermore, the manufacturers of control valves are constantly engaging in research and development activities to design their products in accordance with the changing requirements in various industries. The main drivers for the growth of control valves market are 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 oil & gas industry. Additionally, the demand for control valves is expected to be high in the pharmaceutical industry. High energy demand integrated with growing population is one of the major factors driving the market growth. Inefficient logistics and supply system across the world is one of the challenges for control valves market in the period 2018-2025.
The Control Valve market was valued at 8770 Million US$ in 2017 and is projected to reach 15700 Million US$ by 2025, at a CAGR of 7.6% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Control Valve.
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This study focuses on the production side and consumption side of Control Valve, presents the global Control Valve market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.
In terms of production side, this report researches the Control Valve capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Control Valve by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
This report includes the following manufacturers; we can also add the other companies as you want.
Emerson Electric Co.
Flowserve Corporation
Metso Corporation
Pentair Plc
General Electric Company
Samson AG
MIL Control Limited
Crane Fluid Inc
IMI Plc
Velan Inc
Crane Co.
Flowserve Corporation
Market Segment by Product Type
Pneumatic Control Valve
Hydraulic Control Valve
Electrical Control Valve
Market Segment by Application
Electrical Power
Oil and Gas
Water &Waste-water Management
Automotive
Pharmaceuticals
Mining
Chemicals
Food & Beverage
Others
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Control Valve Market Size Is Set for Rapid Growth 2019 : Emerson Electric Co., Flowserve Corporation, Metso Corporation