Global Control Valves Market Highlights Key Development Factors and Upcoming Trends During forecast 2017-2025

Posted on 2018-04-06 by Mark Hub in Industrial // 0 Comments

Albany, USA, 2018-Apr-06 — /EPR Network/ —Market Research Reports Search Engine (MRRSE) has been acting as an impressive data source when it comes to evaluating various industrial verticals. The research report titled “Control Valves Market” offers a clear insight about the Control Valves Market assessed over the global platform. This analysis proves beneficial for readers & new investors who are aiming to enter for Control Valves Market in the near future.

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The presence of a copious number of regional and international players has made the control valves market substantially fragmented and competitive. To ensure that companies survive such intense competition, large international players mainly get involved in mergers and acquisitions with smaller market players. In this way, not only can large companies expand their businesses, but they can also bolster their position in the industry. Such companies are also working on expanding their product portfolios through technological innovations to improve their positions. Some of the most prominent players in the control valves market are: Emerson Electric Co., Schlumberger Limited, Honeywell International Inc. General Electric Company, and Goodwin International Ltd, amongst many others.

According to a report the global control valves market is expected to rise at a CAGR of 6.4% between 2017 and 2025. During this period, the market had a worth of US$6.01 bn in 2016 is anticipated to be worth at least US$10.46 bn by 2025.

Butterfly Valve Segment to Continue to Exhibit Healthy Growth

The control valves market is mainly segmented on the basis of four main criteria that are: type, application, actuation technology, and prominent countries. These segments are further divided into several sub-segments that are explained in detail in the report. Of all these categories, the butterfly valve segment present under the type category held the top spot regarding revenue in 2016, and its growth is expected to rise at a healthy rate in the future.

From a geographical perspective, North America holds the leading position in the global control valves market. A good market stint in this region is mainly due to extensive shale gas exploration. The control valves play an important role in shale gas exploration projects by helping to regulate the excess pressure and temperature generated during the extraction activities. As per the report, the regional control valves market in North America is prophesized to grow at a rising CAGR of 5.1% from 2017 to 2025 and reach a revenue of about US$2.936 bn by 2025.

Natural Gas and Oil Exploration Contribute Towards Rising Market Graph

The growth of the power sector is one of the most prominent drivers of the global control valves market. Never-ending innovations and developments in this industry are all responsible for growth in the power industry all over the world, especially due to its high requirement in numerous activities. Another prime reason leading to an upsurge in this market is because of a substantial number of natural gas and oil exploration undertakings around the globe. The control valves are extensively used in the chemical industry, which is anticipated to gain a high traction especially in countries such as China and Japan. Thus, the improving chemical industry in these countries is a significant booster for the regional control valves market, thereby positively influencing the overall control valves market.

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Talking about restraints, the shortfall of technical experts is a significant factor that may dampen the global control valves market’s rise. This is mainly due to an inherent low population of people who venture out to learn the operation of control valves and associated processes. However, this picture is soon expected to change as the valve operations are becoming less complex and easier to understand. Increasing awareness about this field also is expected to improve the number of technical experts in this market.

This report provides all the essential information required to understand the key developments in the technology used in control valves market, growth trend of each segment and strategy of each company that help them to efficiently compete in the market. Also, the report provides insights related to trends and its impact on the market. Furthermore, Porter’s five forces analysis explains the factors which are currently affecting the control valves market. This report also provides comparative analysis of control valves on the basis of various parameters namely, cost, application area and service integration.

Honeywell International Inc. Emerson Electric Co., KITZ Corporation, Bürkert Fluid Control Systems, Schlumberger Limited, Flowserve Corporation, AVK Holding A/S, Rotork Plc., General Electric Company, Goodwin International Ltd are some of the major players operating within the control valves market profiled in this study. Details such as financials, SWOT analysis, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.

Global Control Valves Market

By Actuation Technology
- Manual Control Valve
- Pneumatic Control Valve
- Hydraulic Control Valve
- Electric Control Valve
By Type
- Ball Valve
- Butterfly Valve
- Cryogenic Valve
- Globe Valve
- Others

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