Control Valve Market Research Report

Control Valve Market

The control valve market is growing at a significant rate over the forecast period (2020-2027). According to the GMI Research forecast, the market is growing at a faster rate due to the growing demand from end-use industries such as oil & gas, water & wastewater treatment, and the energy & power industry.

A control valve refers to a power-operated device or valve that is used to modify the fluid flow rate in a process system. The control valve offers direct control of flow rate and consequential control of process quantities, such as liquid level, pressure, and temperature.

Request a FREE sample report: https://www.gmiresearch.com/report/control-valve-market/sample-request

The significant factors contributing to the growth of the global control valve market include the rising demand for energy in the Asia-pacific region, increased adoption of valves among oil & gas associated with companies in GCC countries, growing requirement for connected networks to manage and maintain various types of equipment in plants, and growing emphasis on established new nuclear power plants and upscaling of existing plants. Growing industrial automation is further boosting the usage of smart control valves. Furthermore, the rising usage of 3D printing in the manufacturing of valves, the growing adoption of IIoT and industry 4.0, increasing requirement for valve replacement, coupled with rising adoption of smartphones are some other factors propelling the growth of the market in the upcoming years. Additionally, valve manufacturers' growing focus to deliver improved customer service is bringing new opportunities for market growth.

Growing power generation plants worldwide and increasing the need for energy and power from developing economies are driving the growth of the control valve industry. These valves are also used in nuclear power plants, especially in chemical treatment, feed water, cooling water, and steam turbine control system. Furthermore, high-temperature, high-pressure, and adverse corrosion conditions experienced with production and refineries platforms have also led to an upsurge in demand for control valve market. On the other hand, the high cost of fabrication and unplanned downtime due to malfunctioning or failure of valves are the major factors restraining the growth of the market.

Key Players of the Control Valve Market:

·        Christian Bürkert GmbH & Co. KG

·        Emerson Electric Co.

·        Flowserve Corporation

·        IMI plc

·        Curtiss-Wright Corporation

·        Trillium Flow Technologies (Weir Flow Control)

·        Cameron International Corporation

·        Spirax-Sarco Engineering plc

·        Crane Company

·        Kitz Corporation

Market Segmentation:

Control Valve Market Report Segment by Material:

·        Stainless Steel

·        Cast Iron

·        Alloy Based

·        Cryogenic

·        Others

Control Valve Market Report Segment by Component:

·        Actuators

·        Valve Body

·        Others

Control Valve Market Report Segment by Size:

·        Up to 1”

·        >1” to 6”

·        >6” to 25”

·        >25” to 50”

·        >50”

Control Valve Market Report Segment by Type:

·        Rotary Valves

o    Ball Valves

o    Butterfly Valves

o    Plug Valve

·        Linear Valves

o    Global Valves

o    Diaphragm Valves

o    Other Valves

Control Valve Market Report Segment by Industry:

·        Oil & Gas

·        Water & Wastewater Treatment

·        Energy & Power

·        Pharmaceuticals and Healthcare

·        Food & Beverages

·        Chemicals

·        Building & Construction

·        Pulp & Paper

·        Metals & Mining

·        Others

Control Valve Market Report Segment by Region:

·        North America

o   United States of America

o   Canada

 

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com