The Latin America, Middle East and Africa Control Valve Market would witness market growth of 8.6% CAGR during the forecast period (2020-2026). Control valves are the most essential elements in new manufacturing facilities across the world. The primary feature of the control valves is to control flowing fluid like gas, steam, water, chemical compounds to maintain process variables (temperature, pressure, flow, level) at a required point. Control Valves are extensively utilized in process industries such as petrochemical, oil & gas, food & beverages, and others, to cater to the rising automation needs. Owing to this, control valves have an essential role to play in optimizing the safety, efficiency, and profitability of process industries. Growing industrial attention towards automation and expanding process industries are the primary drivers that are pushing the growth of the control valve market.
The market is boosted by the increasing demand from end-use industries like energy & power, water & wastewater treatment, and the oil & gas industry. In addition to this, the rising acceptance of industrial automation is fuelling the use of smart control valves, thereby catalyzing the market growth over the upcoming years. Increasing power generation plants across the globe and growing requirement for energy and power from emerging countries are boosting the demand for control valves. These valves are also utilized in nuclear power plants particularly in processes like feed water, cooling water, chemical treatment, and stream turbine control system.
Based on Type, the market is segmented into Linear and Rotary. Based on Operation, the market is segmented into Pneumatic Control Valve, Hydraulic Control Valve and Electrical Control Valve. Based on Industry Vertical, the market is segmented into Water & Wastewater, Mining, Pharmaceuticals, Food & Beverages, Government & Defense, Oil & Gas, Chemicals and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Control Valve Market in LAMEA is expected to register a CAGR of 8.6% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Emerson Electric Co., Schlumberger N.V. (Cameron International Corporation), Flowserve Corporation, Alfa Laval AB, Crane Co., Kitz Corporation, Neway Valve Co., Ltd., Velan, Inc., Avcon Controls Pvt. Ltd. and Dwyer Instruments, Inc.
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Companies Profiled
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