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In terms of application, the control valves market is categorized into classified into power generation, oil and gas, chemicals, food and beverages, automotive, pharmaceuticals, wastewater management, and others. The u201cothersu201d category includes mining, agriculture, and marine industry. Power generation category accounted for more than 15.0% volume share in the market in 2017.
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Control Valves Market Dental Adhesives and Sealants Market Analysis with Key Players, Applications, Trends and Forecasts by 2024 frf
Control Valves Industry 2024 by Worldwide Market Size, Key Vendors, Growth Rate, Drivers, Volume & Forecast Report The global control valves market was valued at $11,137.0 million in 2017 and is projected to reach $16,057.5 million by 2023, witnessing a CAGR of 6.3% during the forecast period. The market growth is driven by factors such as rise in infrastructure projects and increased use of the valves by the food and beverages industry. Browse a overview of this report @ https://www.psmarketresearch.com/market-analysis/control-valves- market Based on actuation technology, the control valves market is categorized into manual control valve, pneumatic control valve, hydraulic control valve, and electric control valve. Along all types, the volume sales of pneumatic control valve accounted for the largest share of more than 35.0% in the global market in 2017. This is attributed to the fact that pneumatic valves are simple to operate. Also, the valves provide precise linear motion and can be used in a wide range of temperatures. Hence, these characteristics lead to increase the demand for pneumatic valves in the coming years. Based on application, the control valves market is classified into power generation, oil and gas, chemicals, food and beverages, automotive, pharmaceuticals, wastewater management, and others. The “others” category includes mining, agriculture, and marine. In terms of volume, pharmaceuticals category was the fastest growing application in the market during the historical period. Since the pharmaceutical industries require a lot of safety standards, the controlling valves for this industry are made with special specifications. Get a free sample copy of this report @ https://www.psmarketresearch.com/market-analysis/control-valves- market/report-sample There has been development of new valve technologies in which processors are being embedded. Traditionally, the controlling valves were mechanically used without any processors or chips being 2 © P&S Market Research. All rights reserved
Control Valves Industry 2024 by Worldwide Market Size, Key Vendors, Growth Rate, Drivers, Volume & Forecast Report embedded in it. However, the manufacturers are now developing new technologies in which there are processors being embedded inside the valves. These new technologies allow the valves to deliver the real time data for flow rates and operating conditions. Also, this helps in the predictive maintenance and unplanned shutdowns. The manufactures are adopting the new technologies for the controlling valves, thus resulting in the technological shift of the control valves market. Growing economy is fuelling the investments in infrastructure projects. For instance, it is seen that there is an increasing number of residential and wastewater projects in countries such as China, India, Thailand, and Brazil. This is attributed to the fact that people are slowly moving towards the urban areas due to the rise in income level. As per the secondary research, in China, the investment for infrastructure grew by around 50% in 2017 as compared to 2016. This in turn is leading to the use of the valves in the construction projects, thus fuelling control valves market. Some of the major players operating in the global control valves market are AVK Holding A/S, Bürkert Fluid Control Systems, Emerson Electric Co., Flowserve Corporation, General Electric Company, Goodwin International Limited, Honeywell International Inc., KITZ Corporation, Rotork Plc, Velan Inc., Schlumberger N.V. (Schlumberger Limited), Swagelok Company, Armstrong International Inc., Metso Corporation, IMI plc, and Samson AG. About P&S Intelligence P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. 3 © P&S Market Research. All rights reserved
Control Valves Industry 2024 by Worldwide Market Size, Key Vendors, Growth Rate, Drivers, Volume & Forecast Report Contact: P&S Intelligence Toll-free: +1-888-778-7886 (USA/Canada) International: +1-347-960-6455 Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com 4 © P&S Market Research. All rights reserved
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