Control Valve (Ball, Butterfly, Gate, Globe, Check, Plug) Market - Global Forecast to 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 6, 2018--The “Control Valve Market by Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Valve Size, Valve Components (Actuators, Valve Body, Others), Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power), and Geography - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
The control valve market is expected to grow from USD 7.48 billion in 2018 to USD 10.62 billion by 2024, at a CAGR of 6.02% from 2018 to 2024.
Key factors driving the growth of the control valve market include the increased need for connected networks to maintain/monitor various equipment in plants and the commissioning of new nuclear plants, along with the upscaling of existing plants. Strategies such as product launches and developments, mergers and acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships adopted by market players are fueling the growth of the control valve market. However, high initial investments for control valves and the malfunctioning of control valves are restraining the growth of the control valve market.
The market for control valves having sizes ranging from 1 to 6 is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the increasing demand for transportation and power-based applications; as a result, there is an increase in the use of 1-6 valves in the oil & gas, energy & power, water & wastewater treatment, chemicals, and other industries.
Emerson (US), IMI PLC (US), Flowserve (US), and Weir Group (UK) are among the major players in the control valve market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Control Valve Market, By Component
8 Control Valve Market, By Size
9 Control Valve Market, By Valve Type
10 Control Valve Market, By Industry
11 Geographic Analysis
12 Competitive Landscape
13 Company ProfilesAlfa Laval AB Apollo Valves Avcon Controls. AVK Holding A/S Burkert Fluid Control Systems Cameron - Schlumberger Crane Co. Curtiss-Wright Corporation Dwyer Instruments Emerson Flowserve Corporation Ham-Let IMI PLC. Kitz Corporation Metso Corporation Neway Valves Co. Samson Ag. Spirax Sarco Swagelok Velan Inc. Weir Group PLC
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SOURCE: Research and Markets
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PUB: 11/06/2018 07:13 AM/DISC: 11/06/2018 07:13 AM