According to Markets and Markets new 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,” the control valve market is expected to reach $10.82 billion by 2020, growing at a CAGR of 6.85 percent between 2014 and 2020.
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.
The report 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. One of the objectives of the report was to analyze the market trends for each of the control valve market segments and their respective growth rates. Apart from the market segmentation, the report also covers in-depth analyses such as Porter’s five forces analysis, value chain with a detailed process flow diagram, and market dynamics such as drivers, restraints, opportunities and challenges for the control valve market.