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Control Valves Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

                                                            

The market for control valves is primarily driven by the increase in energy consumption, coupled with the increasing demand for the same in process industries such as oil and gas. The demand for control valves is expected to rise as a result of the increase in investments in industrial infrastructure projects around the world, particularly in developing countries such as India, China, and Indonesia. The rise in pipeline installations across different countries is also expected to boost the demand for control valves in the coming years.
In terms of revenue, the global control valves market was valued at US$8.92 bn in 2015 and is expected to reach US$15.41 bn by 2024. If these values hold true, the market is projected to expand at a 6.3% CAGR during the forecast period. The volume of the global control valves market is forecast to rise at a 5.9% CAGR from 2016 to 2024.
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Growing Usage of Alternative Sources of Power a Major Restraint
The global control valves market has been thriving as a result of rapid growth in the oil and gas industry. “The demand for control valves is anticipated to rise with their increase in uptake in upstream, midstream, and downstream activities,” the author of the report states. The benefits offered by control valves in pressure and temperature control in the oil and gas industry is working in favor of the global market.
The extensive use of control valves in the food and beverages industry is also projected to be a key growth driver for the global market. Control valves are primarily used in industries such as dairy, animal feed, and oil and fats. The rapid growth of the food and beverages industry in the developing countries such as Brazil, China, and India is anticipated to have a positive impact on the control valves market.
The strong presence of local manufacturers in India and China has been hampering the revenues of big players. This has compelled established players to price their products competitively, which, in turn, has had a negative impact on their profit margins.
This 138 page report gives readers a comprehensive overview of the Control Valves market. Browse through 41 data tables and 51 figures to unlock the hidden opportunities in this market.
Control Valves market: By Actuation Technology
  • Manual Control Valves
  • Pneumatic Control Valves
  • Hydraulic Control Valves
  • Electric Control Valves
Control Valves market: By Type
  • Ball Valve
  • Butterfly Valve
  • Cryogenic Valve
  • Globe Valve
Control Valves market: By End-use Industry
  • Power Generation
  • Oil and Gas
  • Chemicals
  • Food & Beverages
  • Pharmaceuticals
  • Automotive
  • Wastewater Management
  • Others
Control Valves market: By Geography
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Rest of the World
    • South America
    • Middle East & Africa

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