Portland, OR -- (SBWIRE) -- 12/19/2017 -- A valve is a device that directs or controls the stream of a fluid (gas, liquid, or slur) by opening, closing, or blocking different tubes. Moreover, valve comprises of body, bonnet, ports, handles & actuators, disc, seat, steam, gasket, valve balls, spring, and trim. Valves have many applications, such as controlling water for irrigation, industrial, and residential use. They are also used in the military and transport sectors. They are similar to the management body in the control process. Global valve market is expected to grow at a CAGR of 6.1% from 2017 to 2025.

The global valves market is segmented on the basis of type, application, and geography. Based on type, the market is segmented into quarter-turn valves (ball valve, butterfly valve, plug valve, and spherical valve), multi-turn valves (gate valve, globe valve, fixed cone valve, needle valve, and pinch valve), and control valves (pneumatic control valve, hydraulic control valve, and electric control valve). In terms of application, it includes oil & gas, paper & pulp, mining, water & wastewater, food & beverages, energy & power, automotive, and others (chemical, iron & steel, and construction). Based on geography, it 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 valve market include Honeywell International Inc., Emerson Electric Co., Flowserve Corporation, Pentair Plc., General Electric, Rotork, Siemens AG, Brkert GmbH & Co. KG, Schlumberger Limited, and Watts Water Technologies, Inc.

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MARKET LANDSCAPE

By Type

Quarter-Turn Valves
Ball Valve
Butterfly Valve
Plug Valve
Spherical Valve
Multi-Turn Valves
Gate Valve
Globe Valve
Fixed Cone Valve
Needle Valve
Pinch Valve
Control Valves
Pneumatic Control Valve
Hydraulic Control Valve
Electric Control Valve
By Application

Oil & Gas
Paper & Pulp
Mining
Water & Wastewater
Food & Beverages
Energy & Power
Automotive
Others (Chemical, Iron & Steel, and Construction)
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