Market Dynamics
The global control valves market stood at USD 6.42 billion in 2017 and could attain the valuation of USD 9.75 billion by 2023, suggests Market Research Future (MRFR). The market is touted to achieve a CAGR of 7.53% during the forecast period (2018-2023).
Market Drivers and Top Restraints
The Control Valve Market benefits from the soaring demand from end-use industries like oil & gas, energy & power, and water & wastewater treatment industry. Rising adoption of industrial automation also boosts the demand for control valves. Increasing number of power generation plants all over the world paired with mounting need for energy and power in developing nations helps stimulate market growth. Control valves are extensively used in nuclear power plants, mostly in processes like feed water, chemical treatment, steam turbine control system and cooling water.
Hike in the number of oil & gas exploration activities in China, the Middle East & Africa and North America could give a substantial boost to the global market. Further, strict regulations pertaining to environment legislations for end-use industries play a stellar role in market growth. Citing a reference, the U.S. Environmental Protection Agency (EPA) has made it mandatory to bring down the use of traditional spring diaphragm actuators in a bid to curb greenhouse gas emissions. these actuators will now be replaced with electric actuators in pneumatic devices, which could decrease methane and volatile organic compounds (VOC) emissions.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1940
Numerous control valve companies are making considerable investments in state-of-the-art control instrumentations, given the mounting demand for technologically advanced products in emerging end-use industries. This is bound to give rise to environmental, economic and competitive pressure on vendors, who will strive to offer high-quality products with a lesser return on investment. On account of integration of digital intelligence, such technologically advanced control valves are turning out to be an effective plant asset management strategy.
Key Players
Some of the major players in Control Valve Market Size includes Burkert Fluid Control Systems (Germany), Crane Co. (U.S.), Velan, Inc. (Canada), Pentair Limited (UK), Flowserve Corporation (U.S.), Dual Products Intl. Cc (South Africa), Metso Corporation (Finland), Samson AG (Germany), MIL Control Limited (India), and IMI Plc. (UK) among others.
Control Valve Global Market - Segmentation
The Market Research Future report offers a wide segmental analysis of the control valve market on the basis of type, component, end users, and valve size.
Based on type, the control valve market is segmented into the diaphragm valve, piston valve, plug valve, gate valve, butterfly valve, and ball valve. Of these, the plug valves segment will have the largest share in the market over the forecast period. It is predicted to grow at the highest CAGR due to increasing demand for control valves from chemical companies in Europe and the Asia Pacific to control the flow of corrosive gases, the flow of slurry, and flow of corrosive acidic liquids, and alkaline liquids.
Based on the component, the control valve market is segmented into actuators, valve body, and others. Of these, the actuators segment will dominate the market over the forecast period. It is predicted to grow at the highest CAGR due to the burgeoning demand for pneumatic actuators.
Based on end users, the control valve market is segmented into pharmaceuticals, construction, chemicals, food & beverages, water & wastewater treatment, energy & power, oil & gas, and others. Of these, the oil & gas segment will lead the market over the forecast period as control valves are widely used to control the pressure, the temperature, and the flow rate of various oils & gases.
Based on valve size, the control valve market is segmented into less than 1”, 1”-6”, 6”-25”, 25”-50” and greater than 50”. Of these, the 6”-25” valve size segment will have the maximum share in the market over the forecast period.
Control Valve Global Market - Regional Analysis
Based on the region, the control valve market report covers growth opportunities and the latest trends across the Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW). Of these, Asia Pacific will have the largest share in the market over the forecast period. This is owing to high investments made for infrastructure development in oil and gas and energy and power industries in India and China and rapid growth in process manufacturing in Asian economies.
The control valve market in North America will have a significant share over the forecast period. This is owing to increasing activities in oil and gas industries, exploration of shale gas reserves, and rapid adoption of the latest technologies in the region.
Get Complete Report @ https://www.marketresearchfuture.com/reports/control-valve-market-1940
TABLE OF CONTENTS
LIST OF TABLES
Table 1 Global Market, By Type
Table 2 Global Market, By Component
Table 3 Global Market, By End-User
Table 4 Global Market, By Regions
Table 5 North America Market, By Type
Table 6 North America Market, By Components
Table 7 North America Market, By End-User
Table 8 U.S. Market, By Type
Table 9 U.S. Market, By Component
Continued…
Get New Updates @ https://www.linkedin.com/company/ict-mrfr
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]
Control Valve Market Size Research Report: Information by Valve Type (Gate Valve, Globe Valve, Diaphragm Valve, Ball Valve, Butterfly Valve, Check Valve and others), by Valve Size (Less than 1”, 1" to 6", 6" to 25", 25" to 50" and 50" & Above), By Component (Valve Body, Actuators and others), By End-Use (Oil & Gas, Water & Wastewater Treatment, Energy & Power, Chemicals, Food & Beverage, Pharmaceuticals and others) and by Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2025Market AnalysisControl Valve Market Size is Projected to Witness 5.99% CAGR by 2025, reveals the latest Market Research Future (MRFR) report.
These factors, in accordance to the Market Research Future (MRFR) report, include growing need for connected networks to monitor/maintain various equipment in plants, commissioning of numerous new nuclear plants, and upscaling of existing nuclear plants.
Additional factors pushing the market growth include increasing adoption of industrial automation, growing demand from various end-use industries namely energy & power, oil & gas, and water & wastewater treatment and, increasing investments in water infrastructure and electricity generation.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1940Key PlayersSome of the major players in Control Valve Market Size includes Burkert Fluid Control Systems (Germany), Crane Co. (U.S.), Velan, Inc. (Canada), Pentair Limited (UK), Flowserve Corporation (U.S.), Dual Products Intl.
Cc (South Africa), Metso Corporation (Finland), Samson AG (Germany), MIL Control Limited (India), and IMI Plc.
(UK) among others.Control Valve Global Market - SegmentationThe Market Research Future report offers a wide segmental analysis of the control valve market on the basis of type, component, end users, and valve size.Based on type, the control valve market is segmented into the diaphragm valve, piston valve, plug valve, gate valve, butterfly valve, and ball valve.
It is predicted to grow at the highest CAGR due to increasing demand for control valves from chemical companies in Europe and the Asia Pacific to control the flow of corrosive gases, the flow of slurry, and flow of corrosive acidic liquids, and alkaline liquids.Based on the component, the control valve market is segmented into actuators, valve body, and others.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
Additionally, high penetration of spirulina in industries such as cosmetics and pharmaceutical owing to the advantageous properties such as anti-aging, anti-wrinkles and othersare bringing changes in market tends.However, low stability & poor sustainability of spirulina derived colours is expected to restrict the market growth.Moreover, growth in research & development activities followed by untapped market opportunities in developing economies are anticipated to provide numerous opportunities to the market players in the coming few years.On the basis of type, spirulina market share is segmented into Arthrospira Platensis and Arthrospira Maxima.
Arthrospira Maxima dominates the global Spirulina market and will be the dominant throughout the forecasted period.On the basis of application, the Spirulina market is categorised into Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others.Food & Beverages segment is likely to develop significantly over the period of time owing to fast growing food & beverage industry.On the basis of drug formulation, the spirulina market is bifurcated into Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent.
Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
With 1000+ market research reports and 1 billion+ data points, Fact.MR serves each and every requirement of the clients operating in the global packaging industry.
Fact.MR deploys digital intelligence solutions to offer compelling insights to report buyers that help them in overcoming market challenges, especially at the time of a crisis.
Our dedicated team of professionals performs an extensive survey for gathering accurate information associated with the market.Fact.MR, in its upcoming business report, elaborates on the historical and current scenario of the global Control Valve Market in terms of production, consumption, volume, and value.
The report scrutinizes the market into various segments, regions, and players on the basis of demand patterns and growth prospects.Crucial information and forecast statistics covered in the Control Valve market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.To Get the Sample Copy of the Report visit @ https://www.factmr.com/connectus/sample?flag=S_id=439 COVID-19 Impact Analysis on Control Valve MarketThe recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Control Valve market is no exception.
Products that are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.Following the government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Control Valve market have put their production on a halt.
Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
