Press release
Control Valve Market Growth Opportunities Outlook 2027 | Hits a CAGR of 7.0 %
According to a new report published by Allied Market Research, titled, "Control Valve Market by type, operation, and application: opportunity analysis and industry forecast, 2020-2027," In 2019, Asia-Pacific dominated the global control valve market, in terms of revenue, accounting for about 40.20% share of the global control valve industry, followed by North America and Europe.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 report analyzes the global control valve market on the basis of type, operation, application, and region. The types of control valve covered in this report are linear control valve and rotary control valve.
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Top Industry News:
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. Some of the restraints associated with the control valve market are high initial investments and competition from domestic manufacturers.
Surge in need for automation in the process industry, rise in investments in the oil & gas industry and pharmaceutical infrastructure, and increase in demand from the food & beverages sector have boosted the growth of the global control valve market. However, intense competition from domestic manufacturers hampers the market growth. On the contrary, surge in number of infrastructure projects in emerging economies such as Japan and India would open lucrative opportunities for the market players in the future.
Key Segments:
The global control valve market is segmented on the basis of type, operation, application, and geography. Based on type, the market is divided into linear and rotary.
By OPERATION -
Pneumatic control valve
Hydraulic control valve
Electrical Control Valve
By APPLICATION -
Electrical Power
Oil & Gas
Water & Waste-water Management
Automotive
Pharmaceuticals
Mining
Chemicals
Food & beverages
Others
The global control valve market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific dominated in 2019, contributing to around two-fifths of the market. Moreover, this region is anticipated to register the highest CAGR of 7.9% from 2020 to 2027.
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Leading Players:
The global control valve market report includes an in-depth analysis of the major market players such as 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.
Read Related Information:
Industrial Valves Market - https://www.prnewswire.com/news-releases/industrial-valves-market-to-reach--1-10-472-2-million-globally-by-2031-at-5-3-cagr-allied-market-research-301749677.html
Pressure Reducing Valve Market - https://www.prnewswire.com/news-releases/pressure-reducing-valve-market-to-reach-3-61-billion-globally-by-2026-at-4-5-cagr-allied-market-research-300974566.html
Electro Hydraulic Servo Valve Market -
https://www.globenewswire.com/news-release/2024/05/24/2888076/0/en/Electro-Hydraulic-Servo-Valve-Market-to-Reach-2-2-billion-Globally-by-2032-at-3-6-CAGR-Allied-Market-Research.html
Diaphragm Valve Market -
https://www.prnewswire.com/news-releases/diaphragm-valve-market-to-reach-541-044-7-thousand-by-2032-at-5-6-cagr-allied-market-research-302116512.html
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