According to a market report by Lucintel, the future of the control valve market looks promising with opportunities in various end use industries, which are oil & gas, water & wastewater treatment, energy & power, pharmaceuticals, food & beverages, chemicals, building & construction, paper & pulp, and metals & mining. The global control valve market is expected to grow with a CAGR of 6% from 2021 to 2026. The major drivers for this market are growing demand for valves from healthcare and pharmaceuticals industries, increasing need for connected networks to maintain and monitor industrial equipment, growing nuclear power plants, and increasing the need for energy and power from developing countries.
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In this market, different types of control valve, such as rotary valves (ball valves, butterfly valves, and plug valves) and linear valves (globe valves, diaphragm valves, and other valves) are used in a wide range of industries. Rotary valves will remain the largest segment due to their lightweight and small size.
Within the control valve market, oil and gas will remain the largest end use industry during the forecast period due to increasing energy demand, growing drilling activities, and increasing applications of control valves in natural gas generation, crude oil extraction, and refining processes.
Asia Pacific will remain the largest region during the forecast period due to rising investments in the construction and energy and power industries.
Christian Burkert, Emerson, Flowserve, Cameron, IMI PLC, Neles, Crane, Samson Controls, Kitz Corporation, Neway Valve, Ham-Let, Trillium Flow Technologies, Alfa Laval, Apollo Valves, Spirax Sarco, Curtiss-Wright, and Dwyer Instruments are among the major control valve manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global control valve market by type, end use industry, material, component, size, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Control Valve Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global control valve market by type, end use industry, material, component, size, and region as follows:
By Type [$M shipment analysis for 2015 – 2026]:
Rotary Valves
Ball Valves
Butterfly Valves
Plug Valves
Linear Valves
Globe Valves
Diaphragm Valves
Other Valves
By End Use Industry [$M shipment analysis for 2015 – 2026]:
Oil & Gas
Water & Wastewater Treatment
Energy & Power
Pharmaceuticals
Food & Beverages
Chemicals
Building & Construction
Paper & Pulp
Metals & Mining
Others
By Material [$M shipment analysis for 2015 – 2026]:
Stainless Steel
Alloy-Based
Cast Iron
Cryogenic
Others
By Component [$M shipment analysis for 2015 – 2026]:
Actuators
Valve Body
Others
By Size [$M shipment analysis for 2015 – 2026]:
Upto 1”
>1”-6”
>6”-25”
>25”-50”
>50”
By Region [$M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.