Press release
Control Valves Market Share, Strategies, Emerging Technologies, Growth Rate Analysis, Trends and Forecast to 2023
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On the basis of type, the control valves market is classified into ball valve, butterfly valve, cryogenic valve, globe valve, and others. The “others” category includes diaphragm valve, plug valve, and gate valve. Along all types, the volume sales of butterfly valve accounted for the largest share in the market in 2017, contributing more than 32.3%. Low maintenance cost is driving the demand for butterfly valves globally.
In terms of application, the control valves market is categorized into classified into power generation, oil and gas, chemicals, food and beverages, automotive, pharmaceuticals, wastewater management, and others. The “others” category includes mining, agriculture, and marine industry. Power generation category accounted for more than 15.0% volume share in the market in 2017.
The largest share of this category is attributed to the rising energy demand which leads the setup of new power generation plants. The plants require controlling valves for maintaining the flow of the raw material required for the generation of power, in the firefighting lines, and in other units. Such wide scale applications are boosting the demand for valves in power generation industry.
The APAC control valves market is expected to grow at a CAGR of 6.9% and 7.5% in terms of volume and value, respectively, during 2018–2023. The high demand for such valves is driven by its growing penetration in the different industries. Partnerships and client wins are some of the major developments which will further boost the market.
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Some of the major players operating in the global control valves market are AVK Holding A/S, Bürkert Fluid Control Systems, Emerson Electric Co., Flowserve Corporation, General Electric Company, Goodwin International Limited, Honeywell International Inc., KITZ Corporation, Rotork Plc, Velan Inc., Schlumberger N.V. (Schlumberger Limited), Swagelok Company, Armstrong International Inc., Metso Corporation, IMI plc, and Samson AG.
GLOBAL CONTROL VALVES MARKET SEGMENTATION
By Actuation Technology
Manual Control Valve
Pneumatic Control Valve
Hydraulic Control Valve
Electric Control Valve
By Type
Ball Valve
Butterfly Valve
Cryogenic Valve
Globe Valve
Others (Diaphragm Valve, Plug Valve, and Gate Valve)
By Application
Power Generation
Oil and Gas
Chemicals
Food and Beverages
Automotive
Pharmaceuticals
Wastewater Management
Others (Mining, Agriculture, and Marine)
By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
Italy
France
Rest of Europe
APAC
China
India
Japan
South Korea
Rest of APAC
Rest of the World (RoW)
Brazil
Saudi Arabia
South Africa
Others
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