A control valve is a device capable of controlling flow at fluctuating degrees between minimal flow and full capacity in response to a signal from an external control device. It is a critical part of the control loop. The control valve manipulates a flowing fluid, such as steam, water, gas, or chemical compounds to compensate for the load disturbance and keeps the regulated process variable as close as possible to the desired set point. Control valves are widely used in process industries such as oil & gas, energy & power, water & wastewater, food & beverages, pharmaceutical, and petrochemical to reach growing automation requirements.
The "Global Control Valve Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the control valve market with detailed market segmentation type, actuation technology, application, and geography. The report provides key statistics on the market status of the leading control valve market players and offers key trends and opportunities in the market.
- Based on type, the global control valve market is segmented into ball valve, butterfly valve, globe valve, rotary valve, linear valve, and others.
- On the basis of actuation technology, the market is segmented into pheumatic control valve, hydraulic control valve, electrical control valve, and manual control valve.
- On the basis of application, the market is segmented into automotive, oil and gas, wastewater management, power generation, pharmaceutical, and others.
- Increasing demand for valves from healthcare and pharmaceuticals industries due to COVID-19 pandemic.
- Increased demand for control valves from the oil and gas and energy industries.
- Lack of standardized certifications and government policies.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The control valve market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the control valve market in these regions.
IMPACT OF COVID-19 ON CONTROL VALVE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the control valve market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from control valve market are anticipated to lucrative growth opportunities in the future with the rising demand for control valve in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the control valve market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alfa Laval
- Christian Bürkert GmbH & Co. KG
- Emerson Electric Co.
- Flowserve Corporation
- General Electric
- Goodwin International Limited
- SAMSON Controls Inc.
- Spirax-Sarco Inc.
- The Weir Group PLC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.