A control valve Industry regulates the rate of fluid flow as the position of the valve plug or disk is changed by an actuator. Control valves are used to maintain a process variable as close as possible to the desired set point. Controller set points are typically flow rate, pressure, and temperature. Product parameters, such as density, concentration, liquid level and others can also be controlled with control valves.
The last thing you should have to worry about is the performance of your plant’s control valves. The control valve manipulates a flowing fluid, such as gas, steam, water, or chemical compounds to compensate for the load disturbance and keeps the regulated process variable as close as possible to the desired set point.
Market Analysis: Global Control Valves Market
Global control valves market is projecting a rise in estimated value by 2026, registering a CAGR of 6.8% in the forecast period of 2019-2026 due to Increase in the infrastructure project in developing countries, Rise of automation in the process industry and Increase in research and development to design and develop new valves
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Control Valves report studies company profiles with respect to company snapshot, geographical presence, product portfolio, and recent developments. While generating this market research report, customer satisfaction is kept on the utmost priority. Comprehensive data and brilliant forecasting techniques used in this report coincide with precision and correctness. By maintaining quality and transparency strictly, research studies are carried out which offers an outstanding market research report for your niche. All this data and statistics covered in Control Valves report lead to an actionable ideas, improved decision-making and better mapping business strategies.
Major Market Competitors/Players
Few of the major competitors currently working global control valves market are Curtiss-Wright, Crane Co., Emerson Electric Co, Flowserve Corporation, Alfa Laval, IMI plc, Neway Valves., Velan Inc., Samson Controls Inc., Pentair plc., Kitz Corporation, Metso Corporation, The Weir Group PLC, SpiraxSarco Limited, Valvitalia SpA, Schlumberger Limited, Eaton, Honeywell, Baker Hughes and others
Market Definition: Global Control Valves Market
Control valves are the devices which allow the passage of fluids (liquids and gases). Control valve act as a passage which open and closes when fluid flows through it. Control valves are mainly use in process industries such as food and beverages, oil and gas, waste water treatment etc. in order to control the process by maintaining the flow of fluid. In the market, latest control valves are also available which are automated and sensor based for swift operations.
- Growth in demand from water and wastewater treatment, oil & gas industry, power industry and pharmaceutical industry would act as a catalyst
- Adoption of smart valves and automation in industries have enhanced the market
- Increase in the power generation plants including nuclear plants across the globe may boost the market
- Increase in research and development to design and develop new valves has driven the market
- Stringent regulations by the government for the use of valves in end user industries such as U.S. have limited the use of spring diaphragm actuators for reducing the greenhouse gas emissions. This may restrict the market growth.
- Huge initial investment would hinder the growth
- High failure rate of valves can restrict the market of control valve
Segmentation: Global Control Valves Market
Global Control Valves Market By Design ( Globe Valve, Ball Valve, Butterfly Valve, Angle Valve, Diaphragm Valve, Other Designs), Type (Hydraulic Valve, Pneumatic Valve, Manual Valve, Solenoid Valve, Other Types), Component (Valve Body, Actuators, Others), Valve Size (Up to 1”, 1” to 6”, 6” to 25”, 25” to 50”, 50” and Larger), Industry (Oil & Gas, Energy & Power, Water & Wastewater Treatment, Food & Beverages, Chemicals, Pharmaceuticals, Construction, Pulp & Paper, Others) – Industry Trends and Forecast to 2026
Key Developments in the Market
- In April 2018, Finland’s Metso announced to acquire Rotex’s valve automation division. The acquisition of Rotex valve division would help Metso to enter in Indian market of valves and would assist its expansion in customer segments outside North America.
- In January 2017, Clarke Industrial Engineering made a licensing agreement with Curtiss-Wright Corporation to share shutter valve technology exclusively with Curtiss-Wright. The agreement would help to develop worldwide market of shutter valve technology for naval defense market.
Global control valves market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Global control valves market for Global, Europe, North America, Asia Pacific and South America.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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TOC of Control Valves Market Report Includes: –
- Control Valves Market Overview
- Market Status and Forecast by Regions
- Market Status and Forecast by Types
- Market Status and Forecast by Downstream Industry
- Driving Factor Analysis of Control Valves
- Market Competition Status by Major Players
- Major Manufacturers Introduction and Market Data
- Upstream and Downstream Market Analysis
- Cost and Gross Margin Analysis
- Marketing Status Analysis
- And Many More…
Points Covered in The Report:
- The points that are discussed within the report are the major market players that are involved in the Control Valves market.
- The complete profile of the companies is mentioned.
- The production, sales, future strategies, and the technological developments that they are making are also included within the report.
- The growth factors of the Control Valves market is discussed in detail wherein the different end users of the market are explained in detail.
- The application areas of the Control Valves market are also discussed thus giving a broad idea about the market to the clients.
- The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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