SHERIDAN, WYOMING, USA, November 11, 2021 /EINPresswire.com/ – According to the latest IMARC Group report, global market for control valves showed moderate growth in 2015-2020. In the future, the market is expected to grow with a CAGR of about 5% in 2021-2026.
Report indicator
Historical: 2015-2020
Main year: 2020
Forecast year: 2021-2026
The control valve is a mechanical device that regulates the flow of liquid or gas through internal channels in the system. It contains a pneumatic and electric actuator, which is mounted on a valve. This valve modulates the flow by moving the valve plug relative to the gate located in its body. Some of the different types of control valves available on the market include ball, plug, butterfly, gate and diaphragm valves.
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Market trends
The global market for control valves is driven mainly by the constant demand from the oil and gas industry. This may be due to increasing investment in shale gas fields and pipelines to ensure efficient fluid treatment. In addition, control valves are widely used in many industries, such as food and beverage, water and wastewater treatment, energy, pharmaceutical and chemical. In the food and chemical industries, control valves help minimize contamination when working with steam, are resistant to abrasion and corrosion, and function effectively at high pressures and temperatures. In addition, with technological advances and continuous research and development (R&D) activities, manufacturers can launch improved product variants, such as 3D printed valves, that meet the changing requirements of different industries. These developments are expected to create a positive outlook for the market in the coming years.
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List of key companies covered in this market report:
Burkert fluid management systems
Curtiss-Wright Corporation
Emerson
Flowserve Corporation
Honeywell International
IMI PLC.
Kitz Corporation
Samson AG
Spirax Sarko
Valvitalia SpA
Velan Inc.
Breakdown by type:
Rotary valves
ball valve
Butterfly valves
Tap valves
Linear valves
Shut-off valves
Diaphragm valves
Other valves
Breakdown by size:
Up to 1 ″
> 1 ″ to 7 ″
> 7 ″ to 25 ″
> 25 ″ to 50 ″
> 50 ″
Breakdown by technology:
Electric
Hydraulic
Guide
Pneumatic
Breakdown by component:
Drives
Valve body
others
Breakdown by material:
Stainless steel
Cast iron
Alloy based
others
Breakdown by end-use industry:
Oil and gas
Water and wastewater treatment
Energy and power
Pharmaceuticals and healthcare
chemicals
Construction and construction
others
Geographical breakdown:
North America (USA and Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and others)
Asia-Pacific (China, India, Japan, South Korea, Indonesia, Australia and others)
Latin America (Brazil, Mexico)
The Middle East and Africa
Highlights of the report:
Market efficiency (2015-2020)
Market outlook (2021-2026)
Analysis of Porter’s five forces
Market engines and success factors
SWOT analysis
Value chain
Complete mapping of the competitive landscape
If you need specific information that is not currently covered by the report, we can provide it as part of the customization.
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