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Control Valves Market: Chemical Industry to Cause Upsurge of Market

02-01-2018 08:18 AM CET | Industry, Real Estate & Construction

Press release from: Transparency Market Research

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Control Valves Market: Chemical Industry to Cause Upsurge

Global Control Valves Market: Snapshot

The global market for control valves is fragmented in nature on account of the presence of a copious number of well-diversified regional and international manufacturers. The market is also highly competitive, in which keen players are seen growing their shares through mergers and acquisitions. Such inorganic manner of growth not just helps them to expand their market share but also to add to their existing product portfolios.

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Serving to boost growth in the global market for control verves is the power sector. Besides, the rising oil and gas exploration activities are also having a positive impact on the market. Overall, the growth in the pipelines worldwide on account of fast paced industrialization is majorly fuelling market growth.

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Cryogenic Valve Segment to See Maximum Growth

The cryogenic valve segment is projected to see good growth in the upcoming years. In China ball valve segment is expected to grow at CAGR of 8% over the forecast period.

Depending upon actuation technology, the global control valves market can be divided into manual control valve, electric control valve, pneumatic control valve, and hydraulic control valve. Among them, the segment of pneumatic control valve segment contributed the most to the revenue in 2016.

Shale Gas Exploration Serves to Propel North America Market

From a geographical standpoint, North America currently dominates the global control valves market on the back of booming shale gas exploration. Control valves play a crucial role in shale gas extraction by helping to regulate the pressure or temperature throughout upstream, midstream, and downstream activities. The market in North America is being primarily driven by the U.S., followed by Canada.

Powered by China and Japan that contribute the most to the revenue, the market in Asia Pacific is projected to clock maximum growth in the forecast period. The market will gain maximum market share by registering a CAGR of 7.3% from 2017 and 2025.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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