Control Valve Market

Control Valve Market worth $11.3 billion by 2025

According to the new market research report, Control Valve Market by Material, Component (Actuators, Valve Body), Valve Size, Valve Type (Rotary and Linear), Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Chemicals), and Region - Global Forecast to 2025” the control valve market is estimated to grow from USD 8.0 billion in 2019 to USD 11.3 billion by 2025, at a CAGR of 5.9%. Rising demand for energy in APAC, increasing adoption of valves in oil & gas production-related firms in GCC countries, growing need for the connected network to maintain and monitor various equipment in plants, and surging focus on establishing new nuclear plants and upscaling of existing ones are the key driving factors for the control valve market.

Browse 118 market data Tables and 57 Figures spread through 188 Pages and in-depth TOC on "Control Valve Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/control-valves-market-111759647.html

Oil & Gas to account for the largest size of the control valve market from 2019 to 2025

Oil & gas is expected to be the key end-user industry for the control valve market. In oil & gas process plants, there are three major process operations—upstream, midstream, and downstream, and control valves find applications in all three operations.
Control valves provide process control support, right from the extraction of crude oil till it reaches to the end customers through oil refineries, oil terminals, and depots. They have become key components in the offshore and onshore oil and gas production owing to the high pressure and adverse corrosive conditions experienced within production plants and refineries.

Actuators to account for the largest size of the control valve market from 2019 to 2025

Actuators is expected to hold the largest share of the control valve market during the forecast period, owing to the growing demand for control valves from heavy industries such as oil & gas, energy & power, water & wastewater treatment, chemicals, and other general industries such as pulp & paper, textiles, and agriculture. This growth of the market in actuators can be attributed to the introduction of the Internet of Things (IoT) and automation tools for increasing efficiency of the process.

North America to hold the largest share of the control valve market from 2019 to 2025

North America held the largest share of the overall control valve market in 2018, and APAC is likely to exhibit the highest CAGR during the forecast period. The natural gas market in North America is interconnected closely through pipelines; the North American government focuses on natural gas usage for power generation, which, in turn, is projected to fuel the demand for control valves for the energy & power industry in the near future. Also, growing investments in process and non-process industries are driving the North American control valve market growth.

Emerson Electric Co. (US), Flowserve Corporation (US), Cameron (A Schlumberger Company) (US), IMI PLC (UK), and Metso (Finland) are a few of the key players operating in the control valve market.

Don’t miss out on business opportunities in Control Valve Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
SE 3119
PR Published ON
10/14/2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Control Valve Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home