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Control Valve Market by Valve Type, Valve Size, Valve Components, Industry And Geography - Global Forecast to 2024

Control Valve Market: Global Forecast until 2024

  • October 2018
  • 179 pages
  • ID: 4954573
In this report:
APAC accounted for the largest share of ~##.##% in 2017, the market in this region is expected to grow at the highest CAGR of ##.##% from 2018 to 2024.
It was valued at USD ##.## million in 2017 and is expected to reach USD ##.## million by 2024, growing at a CAGR of ##.##% from 2018 to 2024 The market is UK is expected to reach USD ##.## million in 2024, growing at the highest CAGR of ##.##% during the forecast period.

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Control valve market to grow at significant rate from 2018 to 2024

The control valve market is forecasted to grow from ~$7.5B in 2018 to ~$10.6B by 2024, at a compound annual growth rate (CAGR) of ~6.0 percent from 2018 to 2024. Key factors driving the increase of the control valve market contain the increased need for connected networks to preserve/monitor different equipment in plants and the commissioning of new nuclear plants, together with the upscaling of existing plants. Strategies including product launches and advancements, mergers and acquisitions, business developments, strategic agreements, collaborations, joint ventures (JV), and alliances approved by market actors are fueling the rise of the control valve market. Nevertheless, high initial investments for control valves and the malfunctioning of control valves are selecting the increase of the control valve market.

Control valves with sizes ranging from 1" to 6" to account for most important size from 2018 to 2024

The sector for control valves having sizes ranging from 1" to 6" is anticipated to grow at the highest CAGR (Compound annual growth rate) during the estimate period. This increase is assigned to the growing demand for transportation and power-based applications; as a result, there is a rise in the use of 1"-6" valves in the oil & gas, energy & power, water & wastewater treatment, chemicals, and other markets.

Asia-Pac to be quickest-increasing market for control valves from 2018 to 2024

The control valve market in Asia Pacific (APAC) held the biggest share of the global market in 2017 and is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period. Top factors driving the increase of the control valve market in Asia-Pacific contain the rising population and growing focus of emerging economies on investing in industries including energy & power, oil & gas, water & wastewater treatment, chemicals, and construction in which control valves are used.

The break-up of the profiles of primary members taking part for the analysis has been provided below.

• By Company category: Tier 1 = 20.0 percent, Tier 2 = 55.0 percent, and Tier 3 = 25.0 percent

• By Description: C-suite executives = 50.0 percent, Directors = 25.0 percent, and Managers = 25.0 percent

• By Area: North America continent = 60.0 percent, Europe (EU) = 20.0 percent, Asia-Pac = 10.0 percent, and RoW = 10.0 percent

Emerson, IMI PLC, Flowserve, and Weir Group are among the main players in the control valve market.

Segment Research

The control valve market, in this industry report, has been split by valve type, valve component, valve size, sector, and territory.The industry established on valve type has been further classified into ball valves, butterfly valves, plug valves, diaphragm valves, gate valves, and piston valves.

The control valve market, by valve size, has been further divided into up to 1", 1" to 6", 6" to 25", 25" to 50", and 50" and larger. The control valve market established on sectors has been broken down into oil & gas, energy & power, water & wastewater treatment, food & beverages, chemicals, pharmaceuticals, pulp & paper, and others (textiles, glass, and semiconductor manufacturing).

Main highlights

Figures of segmentation, study, and estimate for the sector, by valve type, valve component, valve size, market, and area have been provided to give the global view of the control valve market.

The value chain study pertaining to the control valve ecosystem has been included to provide detailed insight into the control valve market.

Main drivers, market restraints, alternatives, and opportunities for the control valve market have been provided in the research report.

The market research includes an exhaustive competitive analysis and revenues of main actors.

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