Control Valve Market: Adoption of Pneumatic Control Valve Actuation Technology to Remain Predominant

Posted on 2019-08-08 by Mark Hub in Industrial // 0 Comments

According to Fact.MR’s recent forecast study, the global market for control valves is expected to incur a steady expansion during the forecast period, 2017-2026. The report estimates that the global control valve market will register a 5.5% CAGR in terms of value over the forecast period. By the end of 2026, more than 18,334 thousand units of control valves are expected to be sold across the globe.

Advancements in automatic control technology has instrumented the increasing applications of mechanical control components such as control valves. Several industrial processes are being automated, and control valves are being used to control the flow of fluids. New control valves are being equipped with smart technologies and high-tech sensors that can gauge the pressure, liquid level and temperature effectively. Manufacturers are also working towards increasing the accuracy of control valves in measuring as well as controlling the flow rate directly.

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Fact.MRs’ latest forecast study assesses that the control valve market will expand steadily during the forecast period, 2017-2026. Increasing industrialization and growing use of pneumatics in mechanical processes will drive the adoption of control valves to a considerable extent. The global control valve market will register expansion at a 5.4% CAGR in terms of volume over, the forecast period. By the end of 2026, control valves worth over US$ 15.5 Bn are expected to be sold across the globe.

Through 2026, majority of control valves being sold in the global market will be developed on pneumatic control valve actuation technology. Effectiveness of pneumatic actuation technology in regulating system pressure and directing the pressure flow systematically continues to drive the sales of these control valves. In 2017, more than 3,650 thousand units of control valves were sold across the globe. The report further reveals that increasing sales of EVs and hybrids will drive the adoption of control valves developed on electric actuation technology. Over the forecast period, electric control valves are estimated to register highest CAGR of 6.6% in terms of volume.

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Throughout the forecast period, control valves will be predominantly used in oil & gas applications. By the end of 2026, oil & gas applications of control valves will account for more than one-fourth share of global control valve market volumes. The report also reveals that water and wastewater management applications of control valves will register fastest sales by reflecting a 6.4% volume CAGR over the forecast period.

Robust industrial infrastructure in the US and Canada will drive the adoption of control valves across North America. The report observes North America as the largest market for control valves. By 2026-end, North America will account for more than 30% of global control valve market volumes. The report also observes that control valve manufacturing will remain concentered in the Asia-Pacific excluding Japan (APEJ) Over the forecast period, the APEJ control valve market is assessed to expand at the highest volume CAGR of 5.8%.

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Leading manufacturers of control valves have been extensively profiled in this report. Companies namely, Emerson Electric Co., Schlumberger Limited, Honeywell International Inc., General Electric Company, Goodwin International Ltd., Flowserve Corp, Metso Plc, Dresser Inc., Burkert Fluid Control Systems, Crane Co., Velan, Inc., Pentair Limited, Dual Products Intl. Cc, Samson AG, MIL Control Limited, IMI Plc., Curtiss-Wright, Neway Valves, and Spirax Sarco

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