Control Valves Market
The global control valves market is growing at a significant rate. The major factors
driving the growth of the global control valves market are growing demand for
automation and increasing investment avenues among process industries such as the
oil and gas industry, as well as a large number of projects for industrial development
in several developing economies.
On the basis of the actuation technology, In terms of volume, the pneumatic control
valve had the largest share of the market in 2017.
On the basis of development type, Ball valves, butterfly valves, globe valves,
cryogenic valves, gate valves, diaphragm valves, and others make up the global
control valves industry.
Of all applications, In terms of importance, power generation was the most important
application field in the industry.
The global control valve market is expected to expand due to growing investments in
fluid handling technology in the pharmaceutical and oil & gas industries.
In the construction of control valves, several stringent regulations on environmental
emissions are being implemented.
Industry players in the global control valves market are capitalising on the market's
growth by developing a variety of advanced control valves and their components,
such as smart actuators and control valve positioners.
In the global control valves industry, Asia Pacific generated the most revenue in 2017
and is expected to continue to generate the most revenue by 2024.
Burkert Fluid Control System, Curtiss-Wright Company, Emerson, Flowserve
Corporation, Crane Co., Alfa Laval, and others are some of the major players in the
global control valves industry.
Source: VynZ Research
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