Control Valve Market Forecast 2020 – 2027 – Top Key Players Analysis
The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.
Key Drivers of the Control Valve Market:
The significant drivers contributing to the growth of the global control valve market include the rising demand for energy in the Asia-pacific region, growing adoption of valves among oil & gas related companies in GCC countries, the increasing requirement for connected networks to manage and maintain various types of equipment in plants, along with the rising focus on established new nuclear power plants and upscaling of existing plants. Growing industrial automation is further surging the usage of smart control valves.
The increasing usage of 3D printing in the manufacturing of valves, rising adoption of IIoT and industry 4.0, growing need for valve replacement, followed by increasing adoption of smartphones, are some other factors boosting the growth of the market in the upcoming years. Furthermore, the rising focus of valve manufacturers to deliver improved customer service is creating new growth opportunities in the market. On the other hand, the high cost of fabrication and unplanned downtime due to malfunctioning or failure of valves are the key factors restraining the growth of the market.
This report splits the Control Valve Market as follows:
By Material:
- Stainless Steel
- Cast Iron
- Alloy Based
- Cryogenic
- Others
By Component:
- Actuators
- Valve Body
- Others
By Size:
- Up to 1”
- >1” to 6”
- >6” to 25”
- >25” to 50”
- >50”
By Type:
- Rotary Valves
o Ball Valves
o Butterfly Valves
o Plug Valve
- Linear Valves
o Global Valves
o Diaphragm Valves
o Other Valves
By Industry:
- Oil & Gas
- Water & Wastewater Treatment
- Energy & Power
- Pharmaceuticals and Healthcare
- Food & Beverages
- Chemicals
- Building & Construction
- Pulp & Paper
- Metals & Mining
- Others
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)
Competitive Landscape:
The control valve market report also scans the competitive landscape and profiles the major players operating in the market including IMI plc, Christian Bürkert GmbH & Co. KG, Crane Company, Emerson Electric Co., Flowserve Corporation, Curtiss-Wright Corporation, Trillium Flow Technologies (Weir Flow Control), Kitz Corporation, Cameron International Corporation, and Spirax-Sarco Engineering plc, among others.
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