$15.46 Bn Control Valve Market - Global Forecasts from 2018 to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 8, 2018--The “Control Valve Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
Control valve market was valued at US$10.649 billion in 2017 to reach US$15.466 billion by 2023 at a compound annual growth rate of 6.42% over the forecast period.
Control valve helps to regulate the rate of flow of the fluid to control various process parameters such as pressure, fluid level, and temperature. These are controlled by closing or opening of the valve in response to the received signal. Growing adoption of automation processes across various end use industries is the major driver to the control valve market growth. Rising investments in oil and gas industry globally is another key factor augmenting the demand for control valves over the forecast period.
Geographically, APAC will witness a significant market growth during over the next five years owing to the increasing number of manufacturing facilities in the region coupled with favourable government initiatives to support the growth of energy and power sector in countries like China and India.
Major industry players profiled as part of the report are Honeywell, ABB, Emerson, General Electric, and Crane Co. among others.
By TypeLinear Motion Rotary Motion
By ApplicationFlow Rate Control Level Control Pressure Control Temperature Control
By End Use IndustryOil and Gas Energy and Power Water and Wastewater Mining Others
Companies MentionedGeneral Electric Emerson Electric Co. Crane Co. SAMSON Controls Inc. Flowserve Corporation Schneider Electric Honeywell Bray International ABB
For more information about this report visit https://www.researchandmarkets.com/research/xxwq4h/15_46_bn_control?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180808005803/en/
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SOURCE: Research and Markets
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PUB: 08/08/2018 04:33 PM/DISC: 08/08/2018 04:33 PM