According to a recent report by Transparency Market Research (TMR), a global market intelligence company, providing global business information reports and services, increasing investment in fluid handling technology across oil and gas sector coupled with the growing requirement of industrial process controls across different industry verticals is driving the growth of the control valves market.
Moreover, control valves are increasingly deployed in pipeline installations projects which are further fuelling the growth of the market. The demand for control valves is also expected to remain high in the pharmaceutical industry as various pharmaceutical companies are investing on sophisticated fluid handling systems in order to improve hygiene and also speed up the manufacturing process. Furthermore, increasing investment in the shale gas sector is also set to bolster the growth of the market. These factors in overall are expected to positively impact the growth of control valves market during the forecast period from 2015 to 2021.