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 key factors driving the growth of control valves market include, increasing number of industrial infrastructure projects in various developing countries, rise in the requirement of automation in the process industry, and increase in demand for control valves in predominant industries such as oil & gas pharmaceutical and others. Moreover, factors such as rise in use of simulation software, growing demand for smart valves, and increase in deployment of valve diagnostic functions to improve efficiency of plant are expected to provide significant opportunities for control valve market to grow. However, high initial set up costs, lack of skilled labors, and scarcity in raw materials may hamper the control valve market growth.
The "Global Control Valve Market Analysis to 2025" is a specialized and in-depth study of the control valve industry with a focus on the global market trend. The report aims to provide an overview of global control valve market with detailed market segmentation by type, actuation technology, application and geography. The global control valve market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the control valve market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global control valve market based on ype, actuation technology, and application. It also provides market size and forecast till 2025 for overall Control Valve market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 countries globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during 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 market in these regions.
Also, key control valve market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the control valve market are General Electric, Flowserve Corporation, Goodwin International Limited, Alfa Laval, The Weir Group PLC, Samson Controls Inc., Emerson Electric Co., Christian Bürkert GmbH & Co. KG, Curtiss-Wright, and Spirax-Sarco Inc. among others.