Market Scenario:
Control valves are used by various industrial sectors which 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. Control valves regulate the rate of fluid flow to maintain a process variable. Currently, oil & gas and power generation industry is showing highest demand for control valves as it has ability to control flowing fluid such as gas, stream, water and chemical compound, to reimburse load disturbance and thereby keep the regulated process close to the desired set point.
Among its various types, globe valves are generally used for controlling. The end part of its structure usually edged for easy maintenance. Also, the control disk can be moved by hydraulic, pneumatic, electrical or mechanical actuators.
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The major 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. The major restraint of the control valve market is the lack of technical expertise among instrument engineers.
Globally the market for Control Valve market is expected to grow at the rate of more than ~6% from 2016 to 2022.
Key Players
Some of the major players in Global Control Valve Market 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.
Segments for Control Valve Market:
Global Control Valve Market can be segmented as follows:
- Segmentation by Types: ball valve, butterfly valve, cryogenic valve, and globe valve among others
- Segmentation by Components: positioners, switches, transducers, actuators, PC diagnostic software, and pneumatic lock up systems among others.
- Segmentation by End-Users: Oil & gas, chemicals, food & beverage, automotive, metal & mining and pharmaceuticals among others.
Regional Analysis of Control Valve Market:
North America is dominating the global control valve market with the largest market share due to presence of high-tech R&D sector in the region to provide extensive control valve automation solution to the industry. Therefore is expected to grow with highest revenue by 2022 followed by Europe. Asia-Pacific is the fastest growing region during the forecast period due to growing investment by emerging economies such as China and India.
Target Audience:
- OEM manufacturers
- Automotive industries
- Distributors & Suppliers
- Research organizations
- Government
- Oil& gas and mining sectors
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Table of Contents:
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
- Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
6 Global Control Valve Market, By Segments
6.1 Introduction
6.2 Market Statistics
6.2.1 By Type
6.2.1.1 Ball Valve
6.2.1.2 Butterfly Valve
6.2.1.3 Cryogenic Valve
6.2.1.4 Globe Valve
6.2.1.5 Others
Continued…
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Market DynamicsThe global control valves market stood at USD 6.42 billion in 2017 and could attain the valuation of USD 9.75 billion by 2023, suggests Market Research Future (MRFR).
Control valves are extensively used in nuclear power plants, mostly in processes like feed water, chemical treatment, steam turbine control system and cooling water.Hike in the number of oil & gas exploration activities in China, the Middle East & Africa and North America could give a substantial boost to the global market.
Citing a reference, the U.S. Environmental Protection Agency (EPA) has made it mandatory to bring down the use of traditional spring diaphragm actuators in a bid to curb greenhouse gas emissions.
these actuators will now be replaced with electric actuators in pneumatic devices, which could decrease methane and volatile organic compounds (VOC) emissions.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1940Numerous control valve companies are making considerable investments in state-of-the-art control instrumentations, given the mounting demand for technologically advanced products in emerging end-use industries.
This is bound to give rise to environmental, economic and competitive pressure on vendors, who will strive to offer high-quality products with a lesser return on investment.
On account of integration of digital intelligence, such technologically advanced control valves are turning out to be an effective plant asset management strategy.Key PlayersSome of the major players in 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.
Global Control Valve Market is segmented by type, by components, application, and by region.
Switches, Actuator, Transducer are the components segment of the Control Valve market.
Chemical, Pharmaceutical, Automotive, Oil Gas, Metal Mining are application segment of Control Valve market.
Geographically into North America, Europe, Asia Pacific, Middle East Africa, and Latin America.
Also, the control disk can be moved by hydraulic, pneumatic, electrical or mechanical actuators.Actuators are the key contributing component in control valves market for the forecasted period.
Oil gas industries are increasing their investment in the shale gas field as well as pipeline installations to ensure efficient fluid handling which in turn increases the demand for control valves.Request a Report Sample with Toc and figures to click here: http://marketgrowthanalysis.com/reports/sample/336North America is dominating the global control valve market with the largest market share due to the presence of high-tech RD sector in the region to provide extensive control valve automation solution to the industry.
