Control Valve Market to Observe Strong Development by 2027 to Reach USD 7.96 Bn

The global control valve market size accounted for $5.40 billion in 2019, and is expected to reach $7.96 billion by 2027, registering a CAGR of 7.0 % from 2020 to 2027.

The types of control valve covered in this report are linear control valve and rotary control valve. Increase in applications of control valves in oil & gas, electrical power, and mining sectors, such as exploration and production, downstream oil & gas activities, and power generation are expected to foster growth in the future. Moreover, the global control valve market is poised to witness significant growth during the forecast period, owing to growth in oil & gas and power generation sectors, increase in demand for automation in process industries, and rise in demand for control valves in pharmaceutical and food & beverage process industries.

Download Free Sample PDF of Report with Updated Pages:
https://www.alliedmarketresearch.com/request-sample/1513

Top Players:
Crane Co., include Crane Co., Alfa Laval Corporate AB, Emerson Electric Co., Flowserve Corporation, Schlumberger Ltd, Metso Corporation, KSB SE & Co. KGaA, KITZ Corporation, Samson Aktiengesellschaft, and Velan Inc.

In addition, implementation of automation technologies has assisted in reducing wastage of liquids passing through pipes and valves, which result in reduction of costs. Various industries adopt automation and control technologies by upgrading their pre-installed industrial valves, which, in turn, drives the market growth.

Furthermore, focus on increasing production of oil & gas in North America has created a high demand for control valves in the region. Investments for extraction of oil & gas has propelled substantially, which has led to infrastructural development. This is expected to create massive demand for control valves, which would boost growth of the market.

Enquire Before Buying@ https://www.alliedmarketresearch.com/purchase-enquiry/1513

The global control valve market is segmented on the basis of type, operation, application, and region. On the basis of type, the market is divided into linear, and rotary. The linear segment had the highest revenue in 2019. On the basis of operation, it is classified into pneumatic control valve, hydraulic control valve, and electrical control valve.
The pneumatic control valve segment had the highest revenue in 2019. On the basis of application, the market is divided into electrical power, oil & gas, water & wastewater, automotive, pharmaceuticals, mining, chemicals, food & beverages, and others. The water & waste-water management segment had the highest revenue in 2019.

Region wise, the global control valves market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Request for Customization @ https://www.alliedmarketresearch.com/request-for-customization/1513

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact Us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/construction-and-manufacturing

This release was published on openPR.