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Control Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Control Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • June 2021
  • 146 pages
  • ID: 5917229
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global control valves market exhibited moderate growth during 2015-2020.

A control valve is a mechanical device that is used to regulate the flow of a liquid or gas through internal passages. It consists of a pneumatically or electrically operated actuator that is mounted on a valve for modulating the flow. Some of the most common types of control valves include ball, butterfly, plug, gate and diaphragm valves that can automatically adjust the pressure, flow rate, density, temperature and concentration of the product. They are usually integrated with various accessories, such as electro-pneumatic transducers, handwheels, position indicators and limit switches and find extensive applications across multiple industries, including oil and gas, water and wastewater treatment, power, pharmaceutical and chemical.

The continually increasing demand for oil and gas from the industrial, transportation and residential sectors is the primary factor driving the market growth. Furthermore, increasing consumer preference for stainless steel product variants is also providing a boost to the market growth. Control valves further find extensive application in the food and beverage and chemical industries as they aid in minimizing contamination while handling steam, along with exhibiting resistance to abrasion and corrosion, and effective functionality even under high pressure and temperatures. Additionally, various technological advancements, such as the integration of these valves with the Industrial Internet of Things (IIoT) and the development of 3D printed valves, are creating a positive outlook for the market growth. Other factors, including extensive research and development (R&D) undertaken by manufacturers and key industry players to continually launch product variants in accordance with the changing needs of various industries, are expected to drive the market further. Looking forward, the analyst expects the global control valves market to grow at a CAGR of around 5% during 2021-2026.

Breakup by Type:
Rotary Valves
Ball Valve
Butterfly Valves
Plug Valves
Linear Valves
Gate Valves
Diaphragm Valves
Other Valves

Breakup by Size:
Up to 1"
>1" to 7"
>7" to 25"
>25" to 50"
>50" and Above

Breakup by Technology:
Electric
Hydraulic
Manual
Pneumatic

Breakup by Component:
Actuators
Valve Body
Others

Breakup by Material:
Stainless Steel
Cast Iron
Alloy Based
Others

Breakup by End-Use Industry:
Oil & Gas
Water & Wastewater Treatment
Energy & Power
Pharmaceutical & Healthcare
Chemicals
Building & Construction
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Burkert Fluid Control Systems, Curtiss-Wright Corporation, Emerson, Flowserve Corporation, Honeywell International, IMI PLC., Kitz Corporation, Samson AG, Spirax Sarco, Valvitalia SpA, Velan Inc., etc.

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