Pune, India, April 2019, MRFR Press Release/- Market Research Future published a half-cooked research report on control valve market.
Market Overview:
According to Market Research Future, the market for control valves has been segmented on the basis of type, component, valve size, end users, and region.
Based on type, the market has been segmented into ball valve, butterfly valve, gate valve, plug valve, piston valve, and diaphragm valve. The plug valve segment is expected to grow at the highest CAGR during the forecast period. However, the gate valve segment is expected to account for the largest market share during the review period. The plug valves are witnessing high demand from chemical companies across the world to control the flow of corrosive liquids, slurry, and gases.
Based on component, the market has been segmented into valve body, actuators, and others. The actuators segment is expected to grow at the highest CAGR during the forecast period owing to the growing demand for pneumatic actuators. The other key actuators types witnessing high demand from the control valve market are electric actuators and hydraulic actuators.
Based on valve size, the market has been segmented into less than 1”, 1” to 6”, 6” to 25”, 25” to 50”, greater than 50”. The 6” to 25” valve size segment is estimated to dominate the market during the forecast period.
Based on end users, the market has been segmented into oil & gas, energy & power, water & wastewater treatment, food & beverages, chemicals, construction, pharmaceuticals, and others. The oil & gas segment is estimated to be the largest during the review period, and it is expected to register the highest CAGR during the forecast period. The major factor contributing to its dominance is the wide number of applications of control valves in the oil & gas industry including crude oil extraction, natural gas generation, and refining process.
Regional Analysis
The global control valve market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is expected to be the largest market in the forecast period owing to the high investments for infrastructure development in energy and power and oil and gas industries in China and India. The market in North America is expected to contribute a significant share to the market during the review period owing to the rise in the exploration of shale gas reserves by prominent oil & gas companies in this region.
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Key Players
The prominent players in the control valve market are Emerson Electric Co. (US), Flowserve Corporation (US), Metso Corporation (Finland), General Electric Company (US), Samson AG (Germany), OCV Fluid Solutions (US), IMI Plc (UK), Velan Inc. (Canada), Crane Co. (US), The Weir Group PLC (UK), MIL Control Limited (India), Apollo Valves (US), Armstrong International Inc. (US), AVK Group (Denmark), and Leslie Controls, Inc. (US).
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Report details
| Base Year | 2019 |
| Companies Covered | 15 |
| Pages | 155 |
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