Control Valves Market Analysis, Growth Opportunities and Recent Trends by Leading Manufacturers & Regions | Major Players are Emerson, GE, Flowserve Corporation, Schlumberger, Honeywell, B�rkert Fluid Control Systems, AVK Holding A/S, Goodwin Internationa

The global control valves market reached $11,137.0 million in 2017, and it is further predicted to attain a value of $16,057.5 million by 2023, growing at a CAGR of 6.3% during the forecast period (2018-2023). The market is growing due to the increasing need for wireless infrastructure to monitor and control equipment, increasing use by the food and beverage industry, high energy demand due to the growing population, and expanding infrastructure projects. A physical device used to control the flow of a fluid by opening or blocking the flow passage via a controller is called a control valve.

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On the basis of actuation technology, the control valves market is divided into electric, hydraulic, manual, and pneumatic control valves. Out of these, pneumatic control valves occupied the largest share (more than 35.0%) of the market in 2017, in terms of sales volume. This is because these valves are easy to operate, provide precise linear motion, and can be used in a wide range of temperatures. The CAGR of pneumatic control valves is also expected to be the highest during the forecast period, both in terms of value and volume.

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The expanding food & beverage industry is contributing significantly to the control valves market growth. The sales of processed foods have increased because of the rise in disposable income, which has further led to the growing number of food processing plants. Globe, gate, and check valves are most commonly used in such facilities. It is predicted that the Asia-Pacific region is going to be one of the key consumers of control valves, as new food processing facilities are being set up in India and China.

Competitive Landscape of Control Valve Market

Emerson Electric Co., General Electric Company, Flowserve Corporation, Schlumberger N.V. (Schlumberger Limited), and Honeywell International Inc. are some major players engaged in the manufacturing and commercialization of control valves.

Some other important players operating in the control valves market are AVK Holding A/S, Christian B�rkert GmbH & Co. KG, Goodwin International Limited, KITZ Corporation, Rotork Plc, Velan Inc., Swagelok Company, Armstrong International Inc., Metso Corporation, IMI plc, and Samson AG.

Market Size Breakdown by Segment

The Control Valves Market report offers comprehensive market segmentation analysis along with market estimation for the period 2013-2023.

Based on Actuation Technology
Manual Control Valve
Pneumatic Control Valve
Hydraulic Control Valve
Electric Control Valve

Based on Type
Ball Valve
Butterfly Valve
Cryogenic Valve
Globe Valve

Based on Application
Power Generation
Oil and Gas
Chemicals
Food and Beverages
Automotive
Pharmaceuticals
Wastewater Management

Geographical Analysis
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Asia-Pacific (APAC)
Japan
China
India
South Korea
Rest of World (ROW)
Brazil
Saudi Arabia
South Africa

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