Sheridan, Wyoming, USA, November 11, 2021/EINPresswire.com/—According to the latest report of the IMARC Group, the global control valve market has shown moderate growth during the period 2015-2020. Looking ahead, the market is expected to grow at a compound annual growth rate of around 5% during the period 2021-2026.
A control valve is a mechanical device used to regulate the flow of liquid or gas through the internal channels of the system. It contains a pneumatic and electric actuator, mounted on the valve. The valve adjusts the flow rate by the movement of the valve plug relative to the port located in the valve body. Some of the different types of control valves available on the market include ball valves, plug valves, butterfly valves, gate valves, and diaphragm valves.
The global control valve market is mainly driven by continued demand from the oil and gas industry. This can be attributed to increased investment in shale gas fields and pipeline facilities to ensure effective fluid handling. In addition, control valves are widely used in many industries such as food and beverage, water and wastewater treatment, power, pharmaceutical and chemical industries. In the food, beverage and chemical industries, control valves help minimize pollution when handling steam, exhibit wear and corrosion resistance, and function effectively under high pressure and high temperature. In addition, with technological advancement and continuous research and development (R&D) activities, manufacturers are able to introduce improved product variants, such as 3D printed valves, to meet the changing needs of various industries. These developments are expected to create positive prospects for the market in the next few years.
Burkert Fluid Control SystemCurtiss-Wright CorporationEmersonFlowserve CorporationHoneywell InternationalIMI PLC.Kitz CorporationSamson AGSpirax SarcoValvitalia SpAvelan Inc.
Rotary valveBall valveButterfly valveCock valveLinear valveGate valveDiaphragm valveOther valves
Oil and gas, water and sewage treatment, energy and power, pharmaceutical and healthcare, chemical construction and construction, others
North America (United States and Canada) Europe (Germany, United Kingdom, France, Italy, Spain, Russia, etc.) Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, etc.) Latin America (Brazil, Mexico)) Middle East and Africa
Market Performance (2015-2020) Market Outlook (2021-2026) Porter’s Five Forces Analysis of Market Drivers and Success Factors SWOT Analysis of Value Chain Competitive Landscape Comprehensive Chart If you need specific information that is not currently within the scope of the report, we can provide you As part of customization.
IMARC Group is a leading market research company that provides management strategy and market research on a global scale. We work with customers in all industries and regions to identify their most valuable opportunities, respond to their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-tech organizations. Market forecasts and industry analysis of biotechnology, advanced materials, pharmaceuticals, food and beverages, travel and tourism, nanotechnology and new processing methods are the company’s top expertise.
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Post time: Dec-01-2021
