Control Valves Market - SIZE, SHARE, GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2020 - 2027)

The global control valves market size was USD 5,400.0 billion in 2020 and is expected to reach USD 7,966.4 million by 2027. It is expected to expand at a CAGR of 7.0 % over the forecast period. The market is driven by rising demand from end use industries such as water & wastewater treatment, oil & gas, and energy & power industry. Additionally, increasing adoption of industrial automation is boosting the use of smart control valves, which is further expected to boost the market growth over the forecast period.

Growing power generation plants across the world and increasing the need for energy and power from developing economies is driving the demand for control valves. These valves are also used in nuclear power plants especially in processes such as chemical treatment, feed water, cooling water, and steam turbine control system.

Moreover, high-pressure, high-temperature and adverse corrosion conditions experienced with production and refineries platforms have also led to a rise in demand for control valves. These platforms are mainly used in offshore and onshore oil & gas activities. These valves are used in most of the essential mechanisms in the oil & gas industries. It not only controls the flow, but also volume, direction, rate, and pressure of fluids.

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Key players
Emerson Electric Co
Flowserve Corporation
IMI Plc
Alfa Laval
Crane Co.
Eaton
Curtiss-Wright Corporation
General Electric
First Reserve
Velan Inc
Schlumberger Limited

By Type
Linear
Rotary

By Application
Electrical Power
Oil & Gas
Water & Wastewater
Automotive
Pharmaceuticals
Mining
Chemicals
Food & Beverages
Others

By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

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The Control Valves market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. The growing awareness about and demand for high-quality and zero-defect products has fuelled the need for Control Valves in inspection-related applications in the manufacturing fields.
However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighbouring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Control Valves Market
Chapter 5. Global Control Valves Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 6. Global Control Valves Market Overview, By Distribution Channel, 2015 - 2027(USD Million)
Chapter 7. Global Control Valves Market Overview, By Geography, 2015 - 2027(USD Million)
Chapter 8. North America Control Valves Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 9. Europe Control Valves Market Overview, By Countries, 2015 - 2027(USD Million)
Chapter 10. Asia Pacific Control Valves Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 11. Middle East & Africa Control Valves Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 12. South America Control Valves Market Overview, By Countries, 2015 - 2027 (USD Million)
Chapter 13. Competitive Landscape
Chapter 14. Key Vendor Analysis
Chapter 15. Control Valves Market Cost Analysis
Chapter 16. Sourcing Strategy and Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
Chapter 18. Market Effect Factors Analysis
Chapter 19. Future Outlook of the Market

Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.

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