Regional Analysis of the Control Valve Market: Opportunities and Challenges

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Control Valve Market share is expected to reach 5,987.50 Million USD by 2030, with a CAGR of 6.7%

Control Valve Market Overview

Control Valve Market share is expected to reach 5,987.50 Million USD by 2030, with a CAGR of 6.7%.

Our Market Overview and Regional Analysis provide an understanding of the industries, companies and products within the market. Our Trends section provides an analysis of how the market is currently performing and looks set to perform in the future. Our Growth Forecast section gives you an idea about how our Market Analysis works, by giving us further details on how we can build our Market Forecast model for a particular domain within this report. Lastly, in our Metrics section we outline important data points relating to each of these sections as well as our current forecasted price range.

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The increasing need for automation in the process industry, rising investments in the oil & gas industry, and pharmaceutical infrastructure are the factors boosting the growth of the control valves. Apart, due from the rapidly rising number of solar thermal energy plants, the thrust on the renewable energy projects is escalating the application areas of control valves. In addition to that, the United States expands the power infrastructure and the availability of natural gas leads to construct the several new combined cycle gas turbine (CCGT) plants.

The control valves market opportunities are investing in hydrocarbons by the emerging countries like India and China are expected to boost the market growth.

The key competitors of the control valves are Schlumberger Limited, Neles Corporation, Samson, Burkert Fluid Control Systems, Emerson Electric Co, Velan Inc, Curtiss-Wright Corporation, and others.

Market Segmentation

By the latest research, the global control valve market is categorized into four segments such as valve type, valve size, component, and end-use.

Valve Type Segmentation: The control valve types are gate, globe, diaphragm, ball, butterfly, check, and others.

Valve Size Segmentation: The control valve sizes are classified into four types like below 1”, 1” to 6”, 25” to 50”, and above 50”.

Component Segmentation: By component, the control valves market is trifurcated into the valve body, actuator, and others.

End-use Industry Segmentation: The control valve's end-use industries are classified into various segments such as energy & power, chemicals, oil& gas, water & wastewater treatment, food & beverage, and others.

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Regional Analysis

According to the control valve market share and other aspects, the regional market is analyzed into four major regions like Asia-Pacific, North America, Europe, and the Rest of the World. Among them, the Asia-Pacific region is dominating the largest market share due to the greater investments in energy and power. The faster economic growth in India and China leads to the rise in the construction industry. Hence these emerging nations are investing a high amount in control valve technology to get updated in their pharma, food & beverage, energy & power industries. Meanwhile, other industries are strong in investment and growth. North America is the second strongest region in the market due to the high need for control valves in major industries. Rising demand for safety products like sanitizers and prescription medicines.

Key Players