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Control Valve Market Size 2024: Global Share, Industry And Report Analysis By 2031 | Sumitomo Rubber Industries, Ltd. (SRI) The Yokohama Rubber Co., Ltd. Zhejiang Double, Arrow Rubber Co., Ltd.

12-24-2024 09:55 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Control Valve Market

Control Valve Market

Control valve market is anticipated to grow at a moderate CAGR of 13.1% during the forecast period (2024-2031). The market growth is attributed to the increasing adoption of industrial automation with the use of smart control valves in end-use industries such as water & wastewater treatment, oil & gas, and energy & power industry. The demand for control valves is being driven by the expansion of power plants around the globe as well as the growing need for energy and power from rising economies. Nuclear power plants also use these valves, particularly in the chemical treatment, feed water, cooling water, and steam turbine control systems processes.

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IIoT (Industrial Internet of Things) platforms provide remote valve position monitoring and control, resulting in enhanced process optimization and decreased maintenance expenses. Furthermore, smart control valve positioners that are integrated with cloud-based platforms provide improved features like machine learning and data analytics for asset management and predictive maintenance. Additionally, chances for market expansion are probably going to arise from the combination of smart valve positioners with digital platforms and the introduction of innovative technologies like artificial intelligence and machine learning.

full report of Control Valve Market available @ https://www.omrglobal.com/industry-reports/control-valve-market

• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Control Valve Market Report Segment
By Component
• Valve Body
• Actuators

By Material
• Stainless Steel
• Cast Iron
• Cryogenic
• Alloy Based

By Type
• Rotary Valves
• Linear Valves

By Process Industry
• Oil & Gas
• Energy & Power
• Water & Wastewater Treatment
• Food & Beverages
• Metals & Mining
• Chemicals
• Pharmaceuticals
• Building & Construction
• Others (Pulp & Paper)

Global Control Valve Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global control valve market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/control-valve-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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