According to a report released by Allied Market Research, the global control valve market in 2019 is worth 5.40 billion U.S. dollars and is expected to reach 7.96 billion U.S. dollars by 2027, with a compound annual growth rate of 7.0% from 2020 to 2027. .
The surge in demand for automation in the process industry, increased investment in the oil and gas industry and pharmaceutical infrastructure, and increased demand in the food and beverage industry have driven the growth of the global control valve market. However, fierce competition from domestic manufacturers hindered market growth. On the contrary, the surge in the number of infrastructure projects in emerging economies such as Japan and India will bring rich opportunities for future market participants. Download the sample PDF (276 pages with more insights): https://www.alliedmarketresearch.com/request-sample/1513
The global control valve market is segmented according to type, operation, application and geographic location. According to the type, the market is divided into linear market and rotary market. The rotating sector is expected to achieve the highest compound annual growth rate of 8.1% during the forecast period. However, the linear segment has the largest share in 2019, accounting for nearly three-fifths of the market. Get a detailed COVID-19 impact analysis on the control valve market here
According to the application, the market is divided into pneumatic control valves, hydraulic control valves and electric control valves. During the forecast period, the water and wastewater management department is expected to achieve the highest compound annual growth rate of 9.8%. However, the oil and gas sector accounted for the largest share in 2019, accounting for about one-fifth of the global control valve market.
The global control valve market is analyzed, covering North America, Europe, Asia Pacific and LAMEA and other regions. The market in the Asia-Pacific region dominates in 2019, accounting for about two-fifths of the market. In addition, the region is expected to have the highest compound annual growth rate from 2020 to 2027, at 7.9%. Arrange a free consultation call with our analysts/industry experts to find solutions for your business @ https://www.alliedmarketresearch.com/connect-to -analyst/1513
The global control valve market report includes in-depth analysis of major market players such as Crane Company, Alfa Laval AB, Emerson Electric Company, Flowserve Corporation, Schlumberger Co., Ltd., Metso Corporation, KSB SE & Co. KGaA, KITZ Corporation, Samson Aktiengesellschaft and Velan Inc.
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Post time: Mar-12-2021
