DUBLIN--(BUSINESS WIRE)--The "Global Control Valve Market By Type, By Operation, By Industry Vertical, By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
The Global Control Valve Market size is expected to reach $7.8 billion by 2026, rising at a market growth of 7.8% CAGR during the forecast period.
Control valves are utilized to control process variables like pressure, temperature, flow, and fluid level in process industries that include chemicals, power generation, automotive, mining, oil & gas, water management, pharmaceuticals, and food & beverages. Control valves are capable of enhancing the safety, efficiency, and profitability of these process industries. Moreover, companies that manufacture control valves are consistently involved in research and development initiatives to create their products as per the emerging and changing trends in different industries.
The growth of the market is encouraged by the growing demand for valves from pharmaceuticals and healthcare industries due to the COVID-19 pandemic, increasing demand for energy in APAC, rising need for connected networks to support and observe industrial equipment. Moreover, rising attention on setting-up new nuclear power plants and enhancing the existing ones are also propelling the control value market.
The increasing need for automation in the process industry is anticipated to push the growth of the control valve market significantly. Moreover, a rise in investments in the oil & gas industry and pharmaceutical infrastructure is estimated to fuel the growth of the control valve market. For example, India invested heavily in oil & gas exploration and is establishing natural gas infrastructure to fulfill oil & gas needs. Additionally, the control valve market is propelled by the demand for control valves in the food & beverages industry. For example, as per the India Brand Equity Foundation (IBEF), the food & beverages processing industry has become a high-growth and high-profit sector, due to its massive growth potential.
Companies Profiled
- Emerson Electric Co.
- Schlumberger N.V. (Cameron International Corporation )
- Flowserve Corporation
- Alfa Laval AB
- Crane Co.
- Kitz Corporation
- Neway Valve Co., Ltd.
- Velan, Inc.
- Avcon Controls Pvt. Ltd.
- Dwyer Instruments, Inc.
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Control Valve Market by Type
3.1 Global Control Valve Market Linear Market by Region
3.2 Global Control Valve Market Rotary Market by Region
Chapter 4. Global Control Valve Market by Industry Vertical
4.1 Global Water & Wastewater Control Valve Market by Region
4.2 Global Mining Control Valve Market by Region
4.3 Global Pharmaceuticals Control Valve Market by Region
4.4 Global Food & Beverages Control Valve Market by Region
4.5 Global Government & Defense Control Valve Market by Region
4.6 Global Oil & Gas Control Valve Market by Region
4.7 Global Chemicals Control Valve Market by Region
4.8 Global Other Industry Vertical Control Valve Market by Region
Chapter 5. Global Control Valve Market by Operation
5.1 Global Pneumatic Control Valve Market by Region
5.2 Global Hydraulic Control Valve Market by Region
5.3 Global Electrical Control Valve Market by Region
Chapter 6. Global Control Valve Market by Region
6.1 North America Control Valve Market
6.2 Europe Control Valve Market
6.3 Asia Pacific Control Valve Market
6.4 LAMEA Control Valve Market
Chapter 7. Company Profiles
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