openPR Logo
Press release

Control Valves Market - Pneumatic Control Valves to Present Immense Scope for Growth

09-30-2016 03:42 PM CET | IT, New Media & Software

Press release from: TMR- Research Reports

Control Valves Market - Pneumatic Control Valves to Present

Control valves are used to control various properties, such as flow rate, temperature, and pressure of fluids or steam used in a particular industrial operation. The operation of control valves may be manual or automated, depending on the specific requirements of the particular operation. They are used in a wide variety of industries in which fluids are of crucial importance, including oil and gas, power generation, the automotive industry, wastewater management, mining, food and beverages, chemicals, and pharmaceuticals.

Butterfly Control Valves Emerge as Leading Segment by Type

On the basis of actuation technology, the control valves market was led by pneumatic control valves. The electric control valves segment is also a major contributor to the growth of this market and accounted for a share of over 20% in the global market in terms of both revenue and volume in 2015. This segment is driven by its increasing usage in the power generation, automotive, petrochemicals, and chemicals industries. Several companies are switching from pneumatic to electric control valves owing to the fact that the latter offers better efficiency in terms of cost as well as time.

PDF Sample For Latest Advancements with Technological breakthroughs is @ http://bit.ly/2dzLOh5

By type, the market comprises ball valves, butterfly valves, cryogenic valves, globe valves, and others. Butterfly control valves led the market and find application in reverse osmosis, brine flow control, steam systems, desalination systems, petroleum production, and refining. The butterfly control valves segment is expected to continue its dominance through 2024.

Control Valves Market: Snapshot

The market for control valves is primarily driven by the increase in energy consumption, coupled with the increasing demand for the same in process industries such as oil and gas. The demand for control valves is expected to rise as a result of the increase in investments in industrial infrastructure projects around the world, particularly in developing countries such as India, China, and Indonesia. The rise in pipeline installations across different countries is also expected to boost the demand for control valves in the coming years.

In terms of revenue, the global control valves market was valued at US$8.92 bn in 2015 and is expected to reach US$15.41 bn by 2024. If these values hold true, the market is projected to expand at a 6.3% CAGR during the forecast period. The volume of the global control valves market is forecast to rise at a 5.9% CAGR from 2016 to 2024.

Increasing Demand for Control Valves from Industry Verticals across APAC

In 2015, Asia Pacific held the leading share in the global control valves market on the basis of geography, accounting for more than 40% of the market. This market is primarily driven by factors such as increasing investments in various industry verticals, the rapid development of industrial infrastructure, and the growing demand in the semiconductor and electronics manufacturing industries as well as the processed food industry.

The control valves market in North America has been witnessing sluggish growth due to stagnant growth rates of most industry verticals in the region. However, the oil and gas, power generation, and wastewater management industries in North America are anticipated to expand in the near future due to above-average financial and technological investments from major players in respective sectors. This is likely to improve the prospects of the control valves market in North America. The increasing demand for energy has led to an expansion in the extraction of shale in the region and this is also anticipated to boost this market.

Read Full Press Release @ http://www.transparencymarketresearch.com/pressrelease/control-valves-market.htm

The growing demand for control valves from different industry verticals such as oil and gas, chemicals, and power generation has led to the growth of the control valves market in several RoW countries.

Some of the leading players in the control valves market are Flowserve Corporation (U.S.), Pentair PLC (U.K.), Emerson Electric Co. (U.S.), General Electric (U.S.), Samson AG (Germany), Crane & Co. (U.S.), VelanInc (Canada), Metso Corporation (Finland), and IMI Plc (U.K.).

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Transparency Market Research
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Control Valves Market - Pneumatic Control Valves to Present Immense Scope for Growth here

News-ID: 368726 • Views:

More Releases from TMR- Research Reports

Histone Methyltransferases Market by Global Industry Research 2019
Histone Methyltransferases Market by Global Industry Research 2019
Histones are the major protein constituents of eukaryotic nucleus. Histone methyltransferases catalyzes the transfer of methyl group to lysine and arginine residues of the histone protein. It catalyzes the reaction with the help of SN-2 mechanism where transfer of methyl group from S Adenosyl Methionine to amino group of target lysine takes place. There are seven histone methyltransferase includes EZ, SET1, SET2, SMYD, SUV39, SUV4-20 and RIZ. The main function
Healthcare Mobility Solutions Market Advancements in Wireless Networks to Drive Adoption 2024
Healthcare Mobility Solutions Market Advancements in Wireless Networks to Drive …
Focus on Reducing Healthcare Costs Drives Global Market The constantly growing and evolving medical needs have been the driving force behind the evolution of healthcare mobility solutions. The aim of these solutions is to reduce the healthcare costs and to provide the patients an optimum solution in the least possible time. The simplicity of this objectivity has been successfully achieved by the development of healthcare mobility solutions’ products and services such
Global District Heating and Cooling Market: Big Players Foraying into Manufacturing likely to Up Competition, finds TMR
Global District Heating and Cooling Market: Big Players Foraying into Manufactur …
To gauge the competitive dynamics in the global district heating and cooling (DHC) market, the DHC system manufacturers, project contractors, and plant operators in the supply chain will have to be factored in, states a report by Transparency Market Research (TMR). In the coming years, big plant operators and private operators are predicted to start manufacturing DHC systems, which in turn, would likely heat up the competition. Competition would also
Condiment Sauces Market is Expected to Exhibit a positive CAGR of 3.2% from 2014 through 2020, and Rise to nearly US$23.40 bn by 2020
Condiment Sauces Market is Expected to Exhibit a positive CAGR of 3.2% from 2014 …
Condiment sauces are used in food to enhance taste, flavor or as a complimentary item in different dishes. It is used either as table dips or in cooking or as both. The condiments sauces market has experienced a diversified trends across different regions such as North America, Europe, Asia Pacific and RoW. The Global condiment sauces market is expected to witness rapid changes due to fast changing eating patterns across

All 5 Releases


More Releases for Control

Insect pest control Market Demand, Overview, Size, Trend, and Cleankill Pest Con …
Global Insect pest control report from Global Insight Services is the single authoritative source of intelligence on Insect pest control market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product
Global Home Automation/ Access Control and CCTV Market For End Users/Application …
Researchmoz added Most up-to-date research on "Global Home Automation/ Access Control and CCTV Market For End Users/Applications - Lighting Control, Electrical Control and Control Door Locks" to its huge collection of research reports. In this report, the global Home Automation/ Access Control and CCTV market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of
Pest Control Services Market, by Application (Insect Control, Pest Control, Term …
Pest control is the management and regulation of variety of living organisms that are harmful for the human population. Pests such as cockroach, termites and various other organisms affect and hinder human activities mainly in agriculture, commercial, industrial, and residential processes. Pest control services are carried out to ensure hygiene and a healthy lifestyle. Pest control services include chemical control, mechanical control, and synthetic control among others. The most common
Computer Numerical Control Software In Global Market: By Type - Linear Control & …
Researchmoz added Most up-to-date research on "Computer Numerical Control Software In Global Market: By Type - Linear Control & Multiple Axes Of Control" to its huge collection of research reports. This report studies the global Computer Numerical Control Software market, analyzes and researches the Computer Numerical Control Software development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global
Control Valves In Global Market From 2015 To 2021: By Type - Pneumatic Control V …
Researchmoz added Most up-to-date research on "Control Valves In Global Market From 2015 To 2021: By Type - Pneumatic Control Valves, Hydraulic Control Valves & Electric Control Valves" to its huge collection of research reports. The major usage of control valves is to control conditions such as pressure, temperature, flow and liquid level either fully or partially closing or opening the valve in response to the signals being received from controllers.
Global Acoustic Control System Market 2017 Acoustic Control, Oceaneering Interna …
Global Acoustic Control System sales will reach about 1011 billion USD in 2017 from 875 billion USD in 2012 all around the world, with the CAGR of 2.62%. The Leading growing markets are China, Southeast Asia, etc. USA, EU, Oceania, India, etc. is the mature market with low growth rate. Global Acoustic Control System Market Size, Status and Forecast 2022 provides Market information about Manufacturers, Countries, Type and Application.This Acoustic Control