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Global Control Valve Market 2023-2032 : Demand, Trend, Segmentation, Forecast, Overview And Top Companies Include Schlumberger Limited, Samson AG, Velan Inc., Curtiss-Wright Corporation, Crane Holdings Co
Control Valve Global Market
Control Valve Market Size, Growth Rate, And Forecast
The global control valve market size is expected to grow from $5.97 billion in 2022 to $6.73 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global control valve market size is expected to grow to $10.68 billion in 2027 at a CAGR of 12.2%.
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Control Valve Market Drivers
The growing oil & gas and power industries are expected to propel the control valve market growth going forward. The oil & gas industry refer to companies that are involved in discovering a resource, transporting to a refinery, and processing it into a finished product. The power industry includes businesses that are involved in providing power such as gas, and electricity to domestic and commercial uses. The boom in the oil & gas and power industries requires the installation of control valves for processing and distribution.
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Control Valve Market Segments
• By Type: Linear, Rotary
• By Component: Valve Body, Actuator, Other Components
• By Material: Stainless Steel, Alloy-Based, Cast Iron, Cyrogenic, Other Materials
• By Industry: Oil and Gas, Water and Wastewater Treatment, Energy and Power, Pharmaceuticals, Food and Beverage, Chemicals, Building and Construction, Paper and Pulp, Metals and Mining, Other Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Control Valve market.
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Control Valve Market Key Players
Major competitors in the Control Valve market include Schlumberger Limited, Samson AG, Velan Inc., Curtiss-Wright Corporation, Crane Holdings Co., Alfa Laval AB, IMI Plc., Flowserve Corp., Emerson Electric Co
The Business Research Company's "Global Control Valve Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Control Valve Market Include:
1. Executive Summary
2. Control Valve Market Characteristics
3. Control Valve Market Trends And Strategies
4. Control Valve Market - Macro Economic Scenario
5. Control Valve Market Size And Growth
………
28. Key Mergers And Acquisitions In The Control Valve Market
29. Control Valve Market Future Outlook and Potential Analysis
30. Appendix
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