2019 Global Control Valves Market | Worldwide Market Outlook 2024 | Major Manufacturers Velan Inc., Samson AG., Pentair PLC., Kitz Corporation, Metso, The Weir Group PLC, SpiraxSarco Limited, Mil Control Limited

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Market Analysis:

The Global Control Valves Market accounted to USD 6.5 billion in 2016 growing at a CAGR of 5.8% during the forecast to 2024.

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Major Market Competitors: Global Control Valves Market

Some of the major players operating in control valves market are-Burkert Fluid Control System, Curtiss-Wright Corporation, Crane Co., Emerson, Flowserve Corporation, Alfa Laval, IMI PLC, Neway Valves (Suzhou) Co., Ltd., Velan Inc., Samson AG., Pentair PLC., Kitz Corporation, Metso, The Weir Group PLC, SpiraxSarco Limited, Mil Control Limited, dual products intl. CC, among others.

In 2017, Curtiss-Wright Corporation entered into agreement with Clarke Industrial Engineering that help to develop worldwide market for Shutter Valve™ technology used in Naval Defense Market.

Market Definition:

Control valves are used in 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.

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Market Segmentation:

On the basis of type the control valves market is segmented into Pneumatic control valve, Hydraulic control valve, Electrical control valve. The electrical control valves market is expected to grow in the forecasted period.

On the basis of components the control valves market is segmented into Valve Body, Actuators, Others. The actuators market is expected to grow in the forecasted period.

On the basis of application the control valves market is segmented into Electrical Power, Oil and Gas, Water & Waste-water Management, Automotive, Pharmaceuticals, Mining, Chemicals, Food & Beverage and others. The Oil & Gas market is expected to grow in the forecasted period.

On the basis of geography, control valves market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.

Competitive Analysis:

Control Valves Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.

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