Press release
Control Valve Market : EMERGING TRENDS, SIZE, SHARE AND GROWTH ANALYSIS- 2022
Allied Market Research
View Detail Summary of this report : https://www.alliedmarketresearch.com/control-valve-market
Control valves are used to regulate process variables such as flow, temperature, pressure and fluid level in the process industries like oil & gas, water management, chemicals, power generation, automotive, mining, pharmaceuticals, and food & beverages among others. The global control valve market is poised to witness significant growth during the forecast period, owing to booming oil & gas and power generation sectors, increasing need for automation in the process industries, and demand for control valves in the pharmaceutical and food & beverage process industries. Increasing global need for automation in the process industries is expected to boost the market growth; however, factors such as competition from the domestic manufacturers and high initial investment would hamper the market growth in the coming years.
In recent years, the capital spending for power generation has grown significantly in developing countries, especially in China and India. The rapid growth of Chinese economy is in some cases limited by the availability of power, so pressure to develop more generation capacity is intense. Oil & gas is the second largest application segment in the world control valve market, as industrial control valves are universally consumed. Increase in need for the automation in the process industries and rising number of industrial infrastructure in the developing countries is expected to foster the growth of the control valve market. Asia Pacific is expected to witness highest growth over the forecast period owing to the rising automation of industrial activity.
Key findings of the study:
• Pneumatic control valve is projected to be the fastest growing segment, at a CAGR of 7.40%, in the global control valves market.
• Electric power and oil & gas, automotive segment together contributed about 40% of the overall market share in 2016.
• The North America is projected to occupy the highest market share, registering a CAGR of 6.13% from 2016 to 2022.
The Asia-Pacific and LAMEA are expected to offer lucrative growth opportunities in control valves market during the forecast period. Booming oil & gas and power generation sectors, increasing need for automation in the process industries, and rising number of industrial infrastructure projects in Asia Pacific are the key drivers for the growth of control valve in the region, with major revenue contribution from China, India, and Japan. Latin America and Middle East in LAMEA are projected to grow with CAGRs of 8.27% and 8.12%, respectively.
The key companies profiled in this report are Emerson Electric Co. (U.S.), Flowserve Corporation (U.S.), Metso Corporation (Finland), Pentair Plc (UK), General Electric Company (U.S.), Samson AG (Germany), MIL Control Limited (India), Crane Fluid Inc (U.S.), IMI Plc (UK), Velan Inc. (Canada), Crane Co. (U.S.) and Flowserve corporation (U.S.).
Allied Market Research is a global 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.
Our market research department starts with the research task considering specific concerns and ambitions of the client. We understand that every market is driven by certain key factors locally as well as globally. Our analysts dig out those factors, helping clients understand the importance and impact of every such driving force. Moreover, possible restraints of the market are discovered and suggestions to tackle those restraints are formulated after extensive research and analysis of the overall market conditions. Making an even deeper insight, we analyze the market trend including both qualitative and quantitative present market scenario in every geographical region segmented as per the business domain concerned and overall performance in different regions throughout the globe.
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