Dublin, Feb. 23, 2021 (GLOBE NEWSWIRE) -- The "Global Control Valve Market By Type, By Operation, By Industry Vertical, By Region, Industry Analysis and Forecast, 2020 - 2026" report has been added to ResearchAndMarkets.com's offering.
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. Control valves are utilized to control process variables like pressure, temperature, flow, and fluid level in process industries that include chemicals, power generation, automotive, mining, oil & gas, water management, pharmaceuticals, and food & beverages. Control valves are capable of enhancing the safety, efficiency, and profitability of these process industries. Moreover, companies that manufacture control valves are consistently involved in research and development initiatives to create their products as per the emerging and changing trends in different industries.
The growth of the market is encouraged by the growing demand for valves from pharmaceuticals and healthcare industries due to the COVID-19 pandemic, increasing demand for energy in APAC, rising need for connected networks to support and observe industrial equipment. Moreover, rising attention on setting-up new nuclear power plants and enhancing the existing ones are also propelling the control value market.
The increasing need for automation in the process industry is anticipated to push the growth of the control valve market significantly. Moreover, a rise in investments in the oil & gas industry and pharmaceutical infrastructure is estimated to fuel the growth of the control valve market. For example, India invested heavily in oil & gas exploration and is establishing natural gas infrastructure to fulfill oil & gas needs. Additionally, the control valve market is propelled by the demand for control valves in the food & beverages industry. For example, as per the India Brand Equity Foundation (IBEF), the food & beverages processing industry has become a high-growth and high-profit sector, due to its massive growth potential.
Based on Type, the market is segmented into Linear and Rotary. Rotary control valves are anticipated to showcase promising growth during the forecast period. Rotary valves are less vulnerable to clogging in dirty service applications, and with the help of stem packing, emissions can be regulated easily, without using expensive bellows seals. Further, the smaller size and lightweight rotary valves push the consistently rising demand for these valves.
Based on Operation, the market is segmented into Pneumatic Control Valve, Hydraulic Control Valve and Electrical Control Valve. The pneumatic control valve segment is estimated to obtain the largest revenue share in 2019. A surge in requirements for automation in the process industry is anticipated to encourage growth for the control valve market. Moreover, increasing investments in the oil & gas industry and pharmaceutical infrastructure is expected to fuel the growth of the control valve market.
By Industry Vertical
Based on Industry Vertical, the market is segmented into Water & Wastewater, Mining, Pharmaceuticals, Food & Beverages, Government & Defense, Oil & Gas, Chemicals and Others. The oil & gas industry showcases significant growth opportunities during the forecast period, owing to the increasing energy demand and rising drilling activities in the Gulf Cooperation Council (GCC) countries. On the other hand, currently, the world is grappling with an economic and financial crisis due to the outbreak of the COVID-19 pandemic.
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America is expected to maintain the highest growth rate in the control valve market during the forecast period. Various key players in the control valve market are located in this region. Moreover, growing R&D activities in the region regarding the use of valves in automation and the increasing demand for safety applications are the two major factors boosting market development in North America.
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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Key Topics Covered:
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.3 Market Scope
1.4.1 Global Control Valve Market, by Type
1.4.2 Global Control Valve Market, by Operation
1.4.3 Global Control Valve Market, by Industry Vertical
1.4.4 Global Control Valve Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Control Valve Market by Type
3.1 Global Control Valve Market Linear Market by Region
3.2 Global Control Valve Market Rotary Market by Region
Chapter 4. Global Control Valve Market by Industry Vertical
4.1 Global Water & Wastewater Control Valve Market by Region
4.2 Global Mining Control Valve Market by Region
4.3 Global Pharmaceuticals Control Valve Market by Region
4.4 Global Food & Beverages Control Valve Market by Region
4.5 Global Government & Defense Control Valve Market by Region
4.6 Global Oil & Gas Control Valve Market by Region
4.7 Global Chemicals Control Valve Market by Region
4.8 Global Other Industry Vertical Control Valve Market by Region
Chapter 5. Global Control Valve Market by Operation
5.1 Global Pneumatic Control Valve Market by Region
5.2 Global Hydraulic Control Valve Market by Region
5.3 Global Electrical Control Valve Market by Region
Chapter 6. Global Control Valve Market by Region
6.1 North America Control Valve Market
6.2 Europe Control Valve Market
6.3 Asia Pacific Control Valve Market
6.4 LAMEA Control Valve Market
Chapter 7. Company Profiles
7.1 Emerson Electric Co.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
22.214.171.124 Product Launches and Product Expansions:
126.96.36.199 Acquisition and Mergers:
7.1.1 SWOT Analysis
7.2 Schlumberger N.V. (Cameron International Corporation )
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent strategies and developments:
188.8.131.52 Product Launches and Product Expansions:
184.108.40.206 Geographical Expansions:
7.3 Flowserve Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.4 Alfa Laval AB
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
220.127.116.11 Product Launches and Product Expansions:
18.104.22.168 Acquisition and Mergers:
7.5 Crane Co.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
22.214.171.124 Acquisition and Mergers:
7.6 Kitz Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental Analysis
7.6.4 Recent strategies and developments:
126.96.36.199 Acquisition and Mergers:
7.7 Neway Valve Co., Ltd.
7.7.1 Company Overview
7.8 Velan, Inc.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
188.8.131.52 Partnerships, Collaborations, and Agreements:
7.9 Avcon Controls Pvt. Ltd.
7.9.1 Company Overview
7.10. Dwyer Instruments, Inc.
7.10.1 Company Overview
For more information about this report visit https://www.researchandmarkets.com/r/541ojj
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