The report provides CAGR (compound annual growth rate) values along with its fluctuations for the specific forecast period. Control Valves report contains most-detailed market segmentation, systematic analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. This market report is the consequence of incessant efforts lead by clued-up forecasters, innovative analysts and bright researchers who indulge in detailed and attentive research on different markets, trends and emerging opportunities in the consecutive direction for the business needs. In this report, industry trends are formulated on macro level which assists comprehend market place and possible future issues.
Market Analysis: Global Control Valves Market
The Global Control Valves Market accounted to USD 6.5 billion in 2016 growing at a CAGR of 5.8% during the forecast period of 2017 to 2024.
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This Global Control Valves Market report generally comprises of absolute and distinct analysis of the market drivers and restraints, major market players involved in this industry, analysis of the market segmentation, and competitive analysis of the key players. The report also endows with evaluations based on the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The moves or actions of major market players and brands are analyzed in the Global Control Valves Market report that range from product developments, products launches, acquisitions, mergers, joint ventures, and future products to technologies.
Major Market Competitors: Global Control Valves Market
Some of the major players operating in control valves market are Burkert Fluid Control System, Curtiss-Wright Corporation, Crane Co., Emerson, Flowserve Corporation, Alfa Laval, IMI PLC,Neway Valves (Suzhou) Co., Ltd.,Velan Inc., Samson AG., Pentair PLC., Kitz Corporation, Metso, The Weir Group PLC,SpiraxSarco Limited, Mil Control Limited, dual products intl. CC, among others. In 2017, Curtiss-Wright Corporation entered into agreement with Clarke Industrial Engineering that help to develop worldwide market for Shutter Valve™ technology used in Naval Defense Market.
Major market drivers:
- Demand of oil & gas and power industries
- Demand in the pharmaceutical and food & beverage industries
- Rising number of industrial infrastructure projects in developing countries
- Increased automation in the process industries
- Competition from domestic manufacturers
Market Segmentation: Global Control Valves Market
- On the basis of components, the Lighting Control System Market is segmented into Occupancy Sensors, Daylight Sensors, User Interfaces, Others. The Daylight sensors market is expected to grow in the forecasted period.
- On the basis of type, the control valves market is segmented into Pneumatic control valve, Hydraulic control valve, Electrical control valve. The electrical control valves market is expected to grow in the forecasted period.
- On the basis of components, the control valves market is segmented into Valve Body, Actuators, Others. The actuators market is expected to grow in the forecasted period.
Market Definition: Global Control Valves Market
Control valves are used in various industrial sectors which include oil & gas, waste water management, automotive, pharmaceuticals, chemical and others in order to control temperature, flow, and pressure by received signals from the controllers. Control valves regulate the rate of fluid flow to maintain a process variable. Currently, oil & gas and power generation industry is showing highest demand for control valves as it has ability to control flowing fluid such as gas, stream, water and chemical compound, to reimburse load disturbance and thereby keep the regulated process close to the desired set point.
Competitive Analysis: Global Control Valves Market
Control Valves Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
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