Global control valve market is expected to grow at a CAGR of 7.6% from 2017 to 2025. control valves market has been segmented on the basis of types, application, and geography. Based on type, the market is segmented into pneumatic, hydraulic, and electric control valve.
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Control valves are used to control the flow, pressure, temperature, and liquid level in the process industries such as oil & gas, water management, chemicals, power generation, automotive, mining, pharmaceuticals, food & beverages, and many others. The valve is controlled by electric, pneumatic, and hydraulic actuators.
Control valves play an important role in increasing efficiency, safety, and profitability of these process industries. Global control valve market is expected to grow at a CAGR of 7.6% from 2017 to 2025.
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The global control valves market has been segmented on the basis of types, application, and geography. Based on type, the market is segmented into pneumatic, hydraulic, and electric control valve.
In terms of application, the market includes electrical power, oil & gas, water & waste-water, pharmaceuticals, automotive, chemicals, mining, food & beverage, and others. Based on geography, the world control valves market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
- Need for automation in the process industry
- Rise in number of industrial infrastructure projects in developing countries
- Advancement in technology
- Expansion in oil and gas refineries
- Large capital investment required to set up new manufacturing facility
- Stiff competition from local manufacturers
- Manufacturing complexities
- Manufacture cost effective control valve
The top players in the global control valve market include Emerson Electric Co., Flowserve Corporation, Metso Corporation, Pentair Plc, General Electric Company, Samson Ag, Mil Control Limited, Crane Fluid Inc., Imi Plc, and Velan Inc.
- Pneumatic Control Valve
- Hydraulic Control Valve
- Electric Control Valve
- Electrical Power
- Oil & Gas
- Water & Waste-Water
- Food & Beverages
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
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