Control Valves Market by Type (Pneumatic, Hydraulic, Electric), by Application (Power generation, Oil & gas, Waste water management, Automotive, Pharmaceuticals, Mining, Chemicals, Food and Beverages,Others), Industry Trends, Estimation & Forecast, 2016 – 2024

 

Control Valve Market was valued at $9 billion in 2016 and is projected to reach $16 billion by 2024, having a CAGR of 7.7 % during the forecast period of 2017 to 2024.In 2016, the pneumatic control valve market generated the highest revenue share in the global control valve market.

A control valve is a device capable of modulating flow at varying degrees between minimal flow and full capacity in response to a signal from an external control device. The control valve, often referred to as the final control element, is a critical part of any control loop, as it performs the physical work and is the element that directly affects the process. A control valve is comprised of an actuator mounted to a valve. The valve modulates flow through movement of a valve plug in relation to the port/ ports located within the valve body. The valve plug is attached to a valve stem, which, in turn, is connected to the actuator. The actuator, which can be pneumatically or electrically operated, directs the movement of the stem as dictated by the external control device.

Request Sample Copy of the Report@ https://www.esticastresearch.com/market-reports/control-valves-market/request-sample

Control Valve Market Dynamics

Factors such as increment in the oil and gas industry investments due to hiked power demands and ever-rising demand of food and beverage industry are acting as drivers to the control valve market. Moreover, increase in the need for automation in the process industry and the rising number of industrial infrastructure projects in developing countries are also the major driving forces for the market growth. However, intense competition and rising demand of unconventional power, is slated to pose challenges to control valve market. Inefficient logistics and supply system across the globe is also expected to be the biggest challenge for control valve market over the forecast period.
Manufacturers of control valves are constantly engaging in research and development activities to design their products in accordance with the trending requirements in various industries. Extensive R&D to provide for complete control valve automation solution is expected to yield opportunities in this control valve market.

Market Segmentation

The segmentation of global control valve market is done on the basis of valve type, application, and geography. By type, the market is segmented as Pneumatic control valves, Hydraulic control valves, and Electric control valves. On the basis of application, the market is segmented as power generation, oil & gas, waste water management, automotive, pharmaceuticals, mining, chemicals, food and beverages and others. Geographically, the market is segmented as North America, Europe, Asia-Pacific and Rest of World. Out of major geographies, North America emerged as the dominant regional market over the past few years and is expected to continue its dominance over the forecast period.

Major control valve market players are Metso Corporation, Samson AG, Electric CO, MIL Control Limited, Flowserve Corporation, Pentair PC, VelanInc.,Crain Fluid Inc., General electric company, IMI Plc. (UK)

GLOBAL CONTROL VALVE MARKET SEGMENTATION
By Type

  • Pneumatic control valves
    • Hydraulic control valves
    • Electric control valves

By Application

Request for Customized Report @ https://www.esticastresearch.com/market-reports/control-valves-market/request-customise-form

  • Power generation
    • Oil & gas
    • Waste water management
    • Automotive
    • Pharmaceuticals
    • Mining
    • Chemicals
    • Food and Beverages
    • Others

By Geography

North America
• U.S
• Canada
• Mexico

Europe
• U.K
• Germany
• France
• Italy
• Rest of Europe

APAC
• China
• India
• Japan
• South Korea
• Rest of APAC

ROW
• Latin America
• Middle East
• Africa

KEY MARKET PLAYERS

  • Metso Corporation, Samson AG
    • Electric Co.
    • MIL Control Limited
    • Flowserve Corporation
    • Pentair Plc
    • Velan Inc.
    • Crane Fluid Inc.
    • General electric company
    • IMI Plc. (UK)
    • Samson AG

Access Report Details @ https://www.esticastresearch.com/market-reports/control-valves-market

About Esticast Research &Consulting :

Esticast Research & Consulting is a research firm providing research reports on various industries with a unique combination of authenticity, extensive research, and infallibility. We provide syndicated market research reports, customization services, and consulting services to help businesses across the world in achieving their goals and overcoming complex challenges. We specialize in providing 360 degree view of the markets to assist clients in determining new opportunities and develop business strategies for the future with data and statistics on changing market dynamics.

Esticast Research & Consulting has expert analysts and consultants with an ability to work in collaboration with clients to meet their business needs and give opportunities to thrive in a competitive world. A comprehensive analysis of industries ranging from healthcare to consumer goods and ICT to BFSI is provided by covering hundreds of industry segments. The research reports offering market forecasts, market entry strategies, and customer intelligence will help clients across the world in harnessing maximum value on their investment and realize their optimum potential. 

Contact

Esticast Research & Consulting

410 State Route 57 East,#206, Washington, NJ 07882

Tel: 1-908-379-7709

Fax: 1-908-379-7709

Email: help@esticastresearch.com

Designed by CyFocus.com
Powered by CyFocus.net
%d bloggers like this: