The global Control Valves Market was valued at USD 6.45 billion in 2016 and is projected to reach USD 10.11 billion by 2025, growing at a CAGR of 5.12% from 2017 to 2025.
A control valve is a valve used to control fluid flow by varying the size of the flow passage as directed by a signal from a controller. This enables the direct control of flow rate and the consequential control of process quantities such as pressure, temperature, and liquid level.
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1. Market Drivers
1.1 Increasing applications ofWireless Infrastructure to Maintain/Monitor Equipment in Various Plants
1.3 Growing preference for Control Valves for Oil & Gas and Subsea Applications
1.4 Increased Focus on Plant Automation
1.5 Rising Number of New Nuclear Plants
2. Market Restraints
2.1 Lack of Common Platforms for Zigbee, Profibus, and Ethernet
2.2 High Initial Investments
2.3 Repairing causes downtime
1. Global Control Valves Market, by Size:
1.1 Up to 1â€Â
1.4 25â€Â â€“50â€Â
1.5 50â€Â & Above
2. Global Control Valves Market, by Component:
2.1 Valve Body
3. Global Control Valves Market, by Industry:
3.1 Oil & Gas
3.2 Water & Wastewater
3.3 Energy & Power
3.5 Food & Beverages
3.7 Building & Construction
4. Global Control Valves Market, by Valve Type:
4.1.1 Gate valves
4.1.2 Diaphragm valves
4.2.1 Ball valves
4.2.2 Butterfly valves
4.2.3 Plug Valves
5. Global Control Valves Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. Burkert Fluid Control System
2. Curtiss-Wright Corporation
3. Crane Co.
5. Flowserve Corporation
6. Alfa Laval
7. IMI PLC
8. Neway Valves (Suzhou) Co., Ltd.
9. Velan Inc.
10. Samson AG.
11. Pentair PLC.
12. Kitz Corporation
14. The Weir Group PLC
15. Spirax Sarco Limited
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Control Valves Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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