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According to a new report Global Control Valve Market, published by KBV research, The Global Control Valve Market size is expected to reach $7.8 billion by 2026, rising at a market growth of 7.8% CAGR during the forecast period.
The Linear market dominated the Global Control Valve Market by Type 2019, and would continue to be a dominant market till 2026; growing at a CAGR of 6.7 % during the forecast period. The Rotary market is estimated to grow at a CAGR of 9.5% during (2020 - 2026).
The water & waste-water management segment is expected to acquire the highest market share in 2019. 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 fueling 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.
The Asia Pacific market dominated the Global Control Valve Market by Region 2019. Additionally, The North America market is showcasing a CAGR of 7.1% during (2020 - 2026). Increasing R&D activities at industry levels are widening the application areas of valves in various industries, like energy & power, and chemicals, particularly in the U.S. Control valves are utilized in water & wastewater treatment, oil & gas, and energy & power industries in order to regulate media flow through a system and to begin, halt, or strangle the flow and ensure safety and effective process automation.
Full Report: https://www.kbvresearch.com/control-valve-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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