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According to the latest research report by IMARC Group, The global control valves market size reached US$ 8.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.<br><br>More Info:- https://www.imarcgroup.com/control-valves-market
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Global Control Valves Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description Global Control Valves Market Research Report: The latest report by IMARC, titled “Control Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” " the global control valves market is expected to grow at a CAGR of 5.1% during 2023-2028. A control valve refers to a device that regulates the flow of a liquid or gas through internal passages. It consists of three key components – the valve, actuator and controlled – that aid in controlling various conditions, such as flow, temperature, pressure and liquid level, in a system. It forms an indispensable component of the control loop wherein it modulates the flowing fluid to compensate for the load disturbance. Consequently, it is widely being integrated with numerous accessories, such as handwheels, position indicators, limit switches and electro-pneumatic transducers across numerous verticals, including chemical, power, pharmaceuticals, oil and gas, and water and wastewater treatment industries. Request Free Sample Report: https://www.imarcgroup.com/control-valves-market/requestsample
Report Description and Highlights Report Description Global Control Valves Market Trends: The global market is primarily driven by a significant increase in the number of oil and gas exploration activities. The shifting preference toward automation and the growing requirement for the construction of new pipelines in the oil and gas sector is catalyzing the uptake of control valves. Along with this, there has been an increasing demand for uninterrupted power supply across the globe, especially in developing countries that witness continuous outages. This has led to the development of new power generation plants that rely on a connected network for monitoring the overall functioning of the plants. The rising demand for the establishment of new renewable energy projects and constant improvements in the existing infrastructures is providing a thrust to the market growth. Product innovations and continuous research and development (R&D) by various key players have led to the introduction of control valves that are integrated with smart and digital valve positioners and equipped with advanced capabilities, including diagnostics and alarm status. The advent of 3D printed valves is also expected to gain prominence in the market. This, in confluence with the growing investments in fluid handling technology by numerous industries, such as the nuclear and pharmaceutical sectors, is propelling the market growth. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Report Description and Highlights Report Description Market Summary: Breakup by Type: • Rotary Valves • Ball Valve • Butterfly Valves • Plug Valves • Linear Valves • Gate Valves • Diaphragm Valves • Other Valves Breakup by Size: • Up to 1" • >1" to 7" • >7" to 25" • >25" to 50" • >50" and Above Breakup by Technology:
Report Description and Highlights Report Description • Electric • Hydraulic • Manual • Pneumatic Breakup by Component: • Actuators • Valve Body • Others Breakup by Material: • Stainless Steel • Cast Iron • Alloy Based • Others Breakup by End-Use Industry: • Oil & Gas • Water & Wastewater Treatment • Energy & Power
Report Description and Highlights Report Description • Pharmaceutical & Healthcare • Chemicals • Building & Construction • Others Breakup by Region: • North America • United States • Canada • Asia Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France
Report Description and Highlights Report Description • United Kingdom • Italy • Spain • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa
Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • Christian Bürkert GmbH & Co. KG Curtiss-Wright Corporation Emerson Electric Co. Flowserve Corporation Honeywell International Inc. IMI plc KITZ Corporation SAMSON AG Spirax-Sarco Engineering plc Valvitalia SpA Velan Inc. View Full Report with TOC & List of Figure: https://www.imarcgroup.com/control-valves-market
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