Global Control Valve Market Size is estimated to expand rapidly in coming years, at a CAGR of 7.2 % from 2018 to 2027. In 2017, the global market valuation was USD 9.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2027. Flow parameters such as the flow, temperatures, stress and liquid rates in stream industries such as oil & gas, water management, chemical products, power production, vehicles, manufacturing, medicines, food & drinks, and many others are regulated by control valves. In the increased efficiency, security and profitability of these process industries, control valves play an important role. In addition, control valve manufacturers are actively engaging in research and development projects to model their products in compliance with increasing market demands.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2027
In the process industry, the growing number of industrial infrastructure projects in developing countries, and the increasing development in all process industries, particularly the petroleum and gas industry, are gradually increasing the drivers for the growth on this demand for control valves. In the pharmaceutical industry, there is also a high demand for control valves. One of the key factors driving market growth is high energy demand, combined with the growing population
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global control valve market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global control valve market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
The analysis of the report is carried on various primary and secondary data sources. The primary sources include conduction interviews with numerous industry analysts, suppliers, distributors, and other involved professionals. The secondary sources include a review of statistical data from press releases, government websites, annual reports of the companies, and other relevant documents.
During interviews, these primary and secondary sources provide exclusive information, which acts as a validation from global control valve market leaders. Access to an extensive internal repository and external proprietary databases helps this study to address questions and details regarding the market. Also, the report uses the top-down approach to assess the figures for each segment and to counter-validate them with the bottom-up approach.
We have covered two proprietary models in the control valve report, the FPNV Positioning Matrix and the Competitive Strategic Window and. The FPNV Positioning Matrix analyses players’ competitive marketplace in terms of product satisfaction and business strategy they follow to sustain in the market. In terms of applications, markets, and geographies, the Competitive Strategic Window analyses the competitive landscape.
By Material Insights: On the basis of material, global control valve market has been segmented into stainless steel, cast iron, alloy based, cryogenic, others. During the forecast period, stainless steel control valves would probably remain popular on the sector. The rising demand for high-quality control valves in the food & beverage and chemical industries would push the market for stainless steel control valves throughout the forecast period to minimize the risks of leakage in essential procedures, such as liquid and steam handling, in food and beverage and chemical industries.
By Industry Insights: On the basis of industry, global control valve market has been segmented into oil & gas, water & wastewater treatment, energy & power, and chemicals. In various processes, the oil & gas market is one of the most important sectors for the implementation of control valves. During the industrial revolution, the demand for oil and gas expanded exponentially to support western economies ' growth. In addition to the need to reduce production costs, the industry needs deeper wells and longer pipelines, which requires the use of specialist and critical equipment in oil and gas plants.
While machinery and technology for manufacturing, shipping, and storage are evolving, demands for quality are rising to support increased operational efficiencies. To order to meet this demand, valves are needed for industrial plants; the growth of the control valve market is expected to be guided.
The control valve market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. The control valve market in APAC was driven by China, as the country witnessed a significantly high demand for control valves for applications in several industries, such as oil & gas, energy & power, and chemicals, in 2019.In India, industries such as energy & power and water & wastewater treatment have a high demand for control valves. The growing population increased urbanization, and the expanding middle-class population in the Asia-Pacific region has propelled the demand for oil and gas, electricity, and chemicals industries, for instance in China, India, Japan, and other emerging nations in the region.
Global Control Valve Market Size, Share Analysis by Region 2018
The demand for control valves in APAC is rising at an important level for the water and waste water treatment business, and a similar trend is likely to take place in years to come. The region's dense population and per capita development, along with a growing industrialization and rapid urbanization, are the main drivers of market growth in that region. There are several rapidly expanding economies in Asia, including China, India, and other south-eastern Asian nations. In the region there is a strong demand for new and upgraded waste water treatment facilities, due to the growing population in urban areas.
Global Control Valve Market Study Objective
1. To forecast the market size of control valve market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of control valve market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of control valve market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of control valve market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the control valve market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
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., and Flowserve Corporation are some of the key players in the market of control valve. Such manufacturers plan to supply customized goods to increase consumer base and market share. They also focus on increasing geographical reach in order to gain maximum application penetration, especially in developing countries. It is likely to be a key factor in success for companies to set up R&D centers, together with strategic partnerships with investment companies, to introduce innovative technologies.
Global Control Valve Market Study Report Offer You!
The global control valve market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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