Control Valves Market – Size & Share to See Modest Growth Through 2024

Control Valves Market

Global Control Valves Market: Overview

Control valves is a type of mechanism that responds to the signals which are directed by the controllers in the type of partial or full opening or closure for controlling pressure, flow, liquid level, temperature, and other conditions. There is a huge demand for the control valves in the process sectors and high energy consumption sectors. There are various types of control valves such as electric, pneumatic, hydraulic, and manual.

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Global Control Valves Market: Segmentation

The control valves market is segmented into its motion type, components, applications, and regions. On the basis of motion type, the market is segregated into linear and rotary. Based on the components, the market is categorized into actuators, I/P convertors, valve body, and positioners. Depending on the applications, the market is divided into oil & gas, energy & power, food & beverages, pulp & paper, chemicals, water management, mining & metals, pharmaceuticals, and others. Diversification of the global market includes North America, Asia Pacific, Europe, and Rest of the World.

Global Control Valves Market: Growth Factors

There was a drastic demand in the electric control valves owing to the technological advancements that were made, thus the manufacturers worldwide are progressing. The manufacturers are more interested in the products that do not require regular maintenance for proper functioning. Thus the manufacturers are focusing more on the manufacturing and designing of the control valves. Control valves that have the low environmental impact will anticipate improving the strong revenue growth as the government has imposed strict regulations regarding environmental pollution. The oil and gas sector has a strong demand for the control valves thus contributing to the market growth. But the reduction in the oil and gas supply owing to the reducing reserves hamper the growth of the market. In the oils and fats, animal feed, and dairy industries in the food and beverage and pharmaceutical sectors the control valves can be used in the power generation.

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Global Control Valves Market: Regional Analysis

North America has a dominant place in the global control valves market. The factor that contributes to this growth is the development in the various industrial verticals in the region. On the other hand, the prominent market players in the power generation, wastewater management, and oil and gas industry have made impressive investments and technological advancements in the North America control valves market. Asia Pacific region is forecasted to have a significant growth in the global control valves market owing to the growing demand in the industries such as processed food, semiconductor, and electronic manufacturing. The industrial infrastructure development and growing investments made by different verticals contribute to the market growth in the Asia-Pacific region.

Global Control Valves Market: Competitive Players

Some of the key market players that are involved in the control valves market include Velan, Inc., Metso, Flowserve Corporation, IMI Plc., Samson AG, Emerson Electric Co., Crane & Co., General Electric, and Pentair Plc.

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About Martin Glenn 226 Articles
Martin Glenn is an accomplished digital marketing professional. He tracks the most recent patterns and happenings in the advanced showcasing scene, additionally offering his feeling on their effect on organizations. He has involvement in both B2C and B2B markets. His side interests incorporate perusing books and voyaging.

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