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Home >Control valve market worth $10.82 billion by 2020

Control valve market worth $10.82 billion by 2020

04 February 2015

According to a new market research report "Control Valve Market by Motion (Rotary, Linear), by Component (Valve Body, Actuator, and Others), by Application (Oil & Gas, Chemicals, Energy & Power, Water Management, Pharmaceuticals, Food & Beverages, and Others), & by Geography - Global Forecast to 2020", published by MarketsandMarkets, the Control Valve Market is expected to reach $10.82 billion by 2020, growing at a CAGR of 6.85% between 2014 and 2020.

With a gradual increase in automation in the process industry, the need for control valve is also expected to grow proportionately to be able to support this growth. Developing countries such as India and China are fueling the growth of the process industry; hence, the growing investment in these markets is boosting the overall Control Valve Market.

The Control Valve Market is expected to benefit from emerging market investments that are lifting the industrial infrastructure and facilities, while the developed markets are expected to continue investing in more efficient flow control devices, systems, and procedures, which offer better and more efficient process control. An increase in the energy consumption continuously is pushing the companies to adopt the automated techniques, including control valves in their process operations s to eliminate wastages and balance the growing demand.

In the report, the detailed segmented Control Valves Market by motion, component, application, and geography covers all the existing and emerging technologies in the Control Valve Market. This market is segmented by motion, namely, rotary and linear. The report also covers all the major applications of the Control Valve Market, for example, oil & gas, chemicals, energy & power, water management, food & beverages, mining & metals, pulp & paper, pharmaceuticals, and others with qualitative as well as quantitative industry insights.