Control valves are used to regulate process variables, such as flow, temperature, pressure, and fluid level in the process industries including oil & gas, water management, chemicals, power generation, automotive, mining, pharmaceuticals, food & beverages, and many others.
Control valves play an important role in increasing efficiency, safety, and profitability of these process industries. Furthermore, the manufacturers of control valves are constantly engaging in research and development activities to design their products in accordance with the changing requirements in various industries. The main drivers for the growth of control valves market are gradual increase in the need for automation in the process industry, the rising number of industrial infrastructure projects in developing countries, and the ever increasing investment across all the process industries especially oil & gas industry. Additionally, the demand for control valves is expected to be high in the pharmaceutical industry. High energy demand integrated with growing population is one of the major factors driving the market growth. Inefficient logistics and supply system across the world is one of the challenges for control valves market in the period 2018-2025.
According to this study, over the next five years the Control Valve market will register a 7.6% CAGR in terms of revenue, the global market size will reach US$ 13600 million by 2023, from US$ 8770 million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Control Valve business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Control Valve market by product type, application, key manufacturers and key regions and countries.
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In market segmentation by manufacturers, the report covers the following companies-
Emerson Electric Co.
General Electric Company
MIL Control Limited
Crane Fluid Inc
Scope of the Report:
The study draws a forecast of the growth of the Control Valve market by evaluating the market size, share, demand, trends, and gross revenue of the industry. It also focuses on the positions of the major companies against the competitive landscape and their individual share in the global market. The report segments the industry based on product type, application and end-use. It highlights the recent trends and technological developments in the sector that will potentially influence the industry. The research offers a detailed outlook of the trends observed in the market, the contributing factors, major stakeholders, key companies and prime areas that exhibit a potential for growth.
The all-encompassing research weighs up on various aspects including but not limited to important industry definition, product applications, and product types. The pro-active approach towards analysis of investment feasibility, significant return on investment, supply chain management, import and export status, consumption volume and end-use offers more value to the overall statistics on the Control Valve market.
In market segmentation by geographical regions, the report has analysed the following regions-
- North America
- Middle East & Africa
- South America
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Segmentation by product type: breakdown data from 2013 to 2018, in Section 2.3; and forecast to 2023 in section 11.7.
Pneumatic Control Valve
Hydraulic Control Valve
Electrical Control Valve
Segmentation by application: breakdown data from 2013 to 2018, in Section 2.4; and forecast to 2023 in section 11.8.
Oil and Gas
Water &Waste-water Management
Food & Beverage
In this study, the years considered to estimate the market size of Control Valve are as follows:
- History Year: 2014-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year: 2019 to 2026
For more credibility, the intelligence report provides valuable data on key driving forces, prominent players, emerging trends, gross margin, customer preference and profit across various regions for the forecast period, 2019-2026. To help product owners design a robust plan the study takes a closer look at the product pricing, technology innovation, key competitors, product launches, product pipeline and major driving forces.
The research provides answers to the following key questions:
- What will be the market size and growth rate of the Control Valve market for the forecast period 2019 -2026 across different regions?
- What are the key driving forces expected to shape the future of the industry worldwide?
- What strategies are the prominent vendors adapting to stay ahead of their competitors?
- Which major trends are impacting the development of the Control Valve market worldwide?
- Which factors can hinder, challenge or even restrict the expansion of the Control Valve market worldwide?
- What are the opportunities or future prospect for the business owners operating in the market for the forecast period, 2019 – 2026?
Why Choose Market Expertz?
- Regional demand estimation and forecast
- Pre-commodity pricing volatility
- Technological updates analysis
- Location Quotients Analysis
- Raw Material Sourcing Strategy
- Competitive Analysis
- Product Mix Matrix
- Vendor Management
- Cost Benefit Analysis
- Supply chain optimization analysis
- Patent Analysis
- Carbon Footprint Analysis
- R & D Analysis
- Mergers and Acquisitions
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