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Control valve market worth US$10.82 billion by 2020

According to a new market research report, the control valve market is expected to reach US$10.82 billion by 2020, growing at a CAGR of 6.85% between 2014 and 2020.

The report is titled Control Valve Market by Motion (Rotary, Linear), by Component (Valve Body, Actuator, and Others), by Application (Oil & Gas, Chemicals, Energy & Power, Water Management, Pharmaceuticals, Food & Beverages, and Others), & by Geography – Global Forecast to 2020.

With a gradual increase in automation in the process industry, the need for control valve is also expected to grow proportionately to be able to support this growth. Developing countries such as India and China are fueling the growth of the process industry; hence, the growing investment in these markets is boosting the overall control valve market.

The control valve market is expected to benefit from emerging market investments that are lifting the industrial infrastructure and facilities, while the developed markets are expected to continue investing in more efficient flow control devices, systems, and procedures, which offer better and more efficient process control. 

An increase in the energy consumption continuously is pushing the companies to adopt the automated techniques, including control valves in their process operations s to eliminate wastages and balance the growing demand.

In the report, the detailed segmented control valves market by motion, component, application, and geography covers all the existing and emerging technologies in the control valve market. This market is segmented by motion, namely, rotary and linear. 

The report also covers all the major applications of the control valve market, for example, oil & gas, chemicals, energy & power, water management, food & beverages, mining & metals, pulp & paper, pharmaceuticals, and others with qualitative as well as quantitative industry insights.

One of the objectives of the report was to analyse the market trends for each of the control valve market segments and their respective growth rates. Apart from the market segmentation, the report also covers in-depth analyses such as Porter’s five forces analysis, value chain with a detailed process flow diagram, and market dynamics such as drivers, restraints, opportunities, and challenges for the control valve market.

The market size for the control valve market is included in the report for four geographical regions, namely, the Americas, Europe, Asia-Pacific, and Rest of the World (RoW). The Americas is estimated to account for a major share in the control valve market, which is expected to be followed by Asia-Pacific and Europe. Moreover, the Asia-Pacific market for control valve is expected to grow at the highest rate.

Some of the major players in this market are Flowserve Corporation (US), GE Oil & Gas (US), Pentair Ltd. (UK), Emerson Process Management (US), Samson AG (Germany), Velan (Canada), IMI (UK), and Crane (US).

[Image courtesy: Metso]

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