According to a new market research report, the control valve market is expected to reach US$10.82 billion by 2020, growing at a CAGR of 6.85 percent between 2014 and 2020.
The new report titled, 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, explains that the need for control valves is also expected to grow proportionately to be able to support this growth. Developing countries such as India and China are fuelling the growth of the process industry; hence, the growing investment in these markets is boosting the overall control valve market. The Americas is estimated to account for a major share in the market.
In the report, the detailed segmented control valves market by motion, component, application, and geography covers all the existing and emerging technologies in the control valve market. This market is segmented by motion, namely, rotary and linear.
The report also 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.