Press release
Control Valve Market will reach 13600 million US$ in 2023
Control valves are used to regulate process variables, such as flow, temperature, pressure, and fluid level in the process industries including oil & gas, water management, chemicals, power generation, automotive, mining, pharmaceuticals, food & beverages, and many others.
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Global Control Valve Market: Forecast by Type / Application / Region
Control valves play an important role in increasing efficiency, safety, and profitability of these process industries. Furthermore, the manufacturers of control valves are constantly engaging in research and development activities to design their products in accordance with the changing requirements in various industries. The main drivers for the growth of control valves market are gradual increase in the need for automation in the process industry, the rising number of industrial infrastructure projects in developing countries, and the ever increasing investment across all the process industries especially oil & gas industry. Additionally, the demand for control valves is expected to be high in the pharmaceutical industry. High energy demand integrated with growing population is one of the major factors driving the market growth. Inefficient logistics and supply system across the world is one of the challenges for control valves market in the period 2018-2025.
The worldwide market for Control Valve is expected to grow at a CAGR of roughly 7.6% over the next five years, will reach 13600 million US$ in 2023, from 8770 million US$ in 2017, according to a new GIR (Global Info Research) study.
Global Nonferrous Metal Recycling Market:Key Players
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.
Flowserve Corporation
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Related Information:
United States Control Valve Market 2018 Forecast to 2023
Europe Control Valve Market 2018 Forecast to 2023
North America Control Valve Market 2018 Forecast to 2023
Asia-Pacific Control Valve Market 2018 Forecast to 2023
China Control Valve Market 2018 Forecast to 2023
EMEA Control Valve Market 2018 Forecast to 2023
Global Control Valve Market 2018 Forecast to 2023
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