Control Valves Market to Expand at a CAGR of 7.53% by 2023

Pune, India, May 2020, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global Control Valves Market.

Market Synopsis

As per the analysis by Market Research Future Reports (MRFR), the global control valves market is estimated to value USD 9.75 Billion, with a CAGR of 7.53% by 2023. The global control valves market 2020 is surging at a global level Owing to the significant investments being made various established companies in state-of-the-art control instrumentations.The other important factor is the increasing investment in the water & wastewater industry and construction & upscale of nuclear power plants. The demand for wastewater treatment plants is estimated to grow by 23%, with an anticipated investment of USD 271 billion by 2032. There has been a surging demand for the technologically developed market in the forthcoming industries. The demand will eventually create economic and competitive pressure on vendors who strive to provide high-quality products with a lesser RoI. With the integration of digital intelligence, such developed control valves would turn out to be an efficient plant asset management strategy.

Market Segmentation

The global control valve market can be segregated on the basis of valve size, component, type, end-users, and region.

On the basis of valve size, the global control valve market can be divided into less than 1", 1" to 6", 6" to 25", 25" to 50", and 50" & above.

On the basis of components, the global control valve market can be divided into actuators, valve bodies, and others.

On the basis of the valve type, the global control valve market can be divided into the check valve, gate valve,  globe valve, butterfly valve, diaphragm valve, ball valve, and others.

On the basis of end-user, the global control valve market can be divided into pharmaceuticals, water & wastewater treatment, oil & gas, energy & power, food & beverage, chemicals, and others.

On the basis of region, the global control valve market can be divided into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.

Access Report Details @ https://www.marketresearchfuture.com/reports/control-valve-market-1940

Regional Analysis

The geographical analysis of North America, Europe, Asia-Pacific, Middle East, and Africa, and South America has been conducted. As per the analysis by MRFR, the APAC region is likely to acquire the maximum share of the market during the review period. APAC is estimated to invest 1.7 trillion per year in infrastructure by 2030. The region is investing significantly in the construction and energy & power industries, which has resulted in the regional expansion of the market. The fastest emerging countries like India and China have the largest contribution to the region's renewable energy capacity. Besides, the countries of the APAC region are concentrating on generating power from renewable energy sources such as hydropower, wind, and bioenergy. Factors like these are projected to surge the control valve market expansion in the APAC region during the forecast period. North America is another potential market for control valve owing to the increasing activities in the oil and gas industry. The US plays a significant role in the expansion of the market. Owing to the rapidly increasing demand for valve replacement has resulted in the regional expansion of the market. Moreover, the increasing adoption of developed technologies within the industry gives enormous benefits to the regional market.

Key Players

The most significant players of the global control valve market are Metso Corporation (Finland), Leslie Controls, Inc. (US), General Electric Company (US), OCV Fluid Solutions (US), Emerson Electric Co. (US), Flowserve Corporation (US), Samson AG (Germany), Velan Inc. (Canada), MIL Control Limited (India), IMI Plc (UK), Apollo Valves (US), Armstrong International Inc. (US), The Weir Group PLC (UK), AVK Group (Denmark), Crane Co. (US), and few others.