Control valves are used to control the flow, pressure, temperature, and liquid level in the process industries such as oil & gas, water management, chemicals, power generation, automotive, mining, pharmaceuticals, food & beverages, and many others. The valve is controlled by electric, pneumatic, and hydraulic actuators. Control valves play an important role in increasing efficiency, safety, and profitability of these process industries. Global control valve market is expected to grow at a CAGR of 7.6% from 2017 to 2025.
Portland, OR -- (SBWIRE) -- 12/15/2017 -- Control valves are used to control the flow, pressure, temperature, and liquid level in the process industries such as oil & gas, water management, chemicals, power generation, automotive, mining, pharmaceuticals, food & beverages, and many others. The valve is controlled by electric, pneumatic, and hydraulic actuators. Control valves play an important role in increasing efficiency, safety, and profitability of these process industries. Global control valve market is expected to grow at a CAGR of 7.6% from 2017 to 2025.
The global control valves market has been segmented on the basis of types, application, and geography. Based on type, the market is segmented into pneumatic, hydraulic, and electric control valve. In terms of application, the market includes electrical power, oil & gas, water & waste-water, pharmaceuticals, automotive, chemicals, mining, food & beverage, and others. Based on geography, the world control valves market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
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Market Dynamics:
Drivers:
Need for automation in the process industry
Rise in number of industrial infrastructure projects in developing countries
Advancement in technology
Expansion in oil and gas refineries
Restraints:
Large capital investment required to set up new manufacturing facility
Stiff competition from local manufacturers
Manufacturing complexities
Manufacture cost effective control valve
Market Players:
The top players in the global control valve market include Emerson Electric Co., Flowserve Corporation, Metso Corporation, Pentair Plc, General Electric Company, Samson Ag, Mil Control Limited, Crane Fluid Inc., Imi Plc, and Velan Inc.
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MARKET LANDSCAPE
By Type
Pneumatic Control Valve
Hydraulic Control Valve
Electric Control Valve
By Application
Electrical Power
Oil & Gas
Water & Waste-Water
Automotive
Pharmaceuticals
Mining
Chemicals
Food & Beverages
Others
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA