DUBLIN--(BUSINESS WIRE)--The "Control Valves Market by Size, Product (Linear, and Rotary Valves), Industry (Oil & Gas, Water & Wastewater, Energy & Power, Chemical, Food & Beverage, Pharmaceutical), Component (Actuators, Valve Body), and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.
The Overall Control Valves Market is Expected to Be Valued at USD 9.88 Billion By 2023, Growing at a CAGR of 5.33% Between 2017 And 2023
The growth of this market is driven by factors such as rising demand for wireless infrastructure for maintaining and monitoring equipment in plants, revenue shift in industries, increasing demand for control valves for oil & gas and subsea applications, increased focus on proactive mechanism, rising number of nuclear plants, and enhancement of existing plants. However, lack of common platform such as Zigbee, Profibud, and Ethernet is one of the major factors restricting the growth of this market.
The oil & gas industry is likely to account for the largest share of the of the control valves market by 2023. This market growth can be attributed to the increasing number of oil and gas projects, replacement of old valves, and rising demand for oil & gas in emerging economies such as India, China, and Russia.
The control valves market for the energy & power industry is expected to grow at a high rate between 2017 and 2023. This industry is expected to hold a significant share of the control valves market by 2023, owing to the increased power consumption in APAC and wide applications of valves in hydro & thermal power generation plants. Control valves are also used in nuclear power plants especially in processes such as feed water, cooling water, chemical treatment, and steam turbine control systems.
The control valves market in APAC is expected to grow at a high rate during the above-mentioned period. The high growth of this market can be attributed to the increasing demand for pipelines for oil & gas and water & waste water applications and ongoing power generation activities.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Control Valves Market, By Component
8 Control Valves Market, By Size
9 Control Valves Market, By Valve Type
10 Control Valves Market, By Industry
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- Alfa Laval
- Burkert Fluid Control System
- Crane Co.
- Curtiss-Wright Corporation
- Flowserve Corporation
- Imi Plc
- Kitz Corporation
- Neway Valves (Suzhou) Co., Ltd.
- Pentair Plc.
- Samson Ag.
- Spirax Sarco Limited
- The Weir Group Plc
- Velan Inc.
For more information about this report visit https://www.researchandmarkets.com/research/w5qdq3/control_valves