Almost every factory has an extensive network of pipes, hoses, vats, silos, storage tanks, liquid inlets and outlets, pumps, and nozzles for some or the other purpose. From food and beverage and chemical, which would seem two of the obvious sectors when thinking of such infrastructure, to automotive and power generation, every industry needs these components and systems. As a result, the demand for control valves, to regulate the amount of liquid flowing through a system or subsystem, has always been high. Control valves are also widely, and, perhaps, more familiarly, found in non-industrial settings; the water tap seen in houses and gardens being the simplest example.
Thus, considering the burgeoning population and industrial output, P&S Intelligence expects the control valves market revenue to increase from $11,137.0 million in 2017 to $16,057.5 million by 2023, at a 6.3% CAGR during the forecast period. What most people don’t know is the technicalities of such seemingly simple devices, such as their various types, which include ball, cryogenic, butterfly, globe, plug, diaphragm, and gate. These terms denote the actual technology, or the actual component, that the valves use to control the flow.
Further, on the basis of actuation technology, the control valves market categories are manual, pneumatic, hydraulic, and electric; these technologies denote how the valves are actually operated. Among these, pneumatically controlled valves, where air pressure acts as the force, account for the highest usage. This is because of their simpler design, precise linear motion, and ability to function in temperatures ranging from –40 degrees Fahrenheit to 250 degrees Fahrenheit. Due to these advantages, the pneumatic category will witness the fastest growth over the forecast period.
To make industrial operations even smoother, valves, regardless of their type and actuation technology, are being embedded with sensors and microchips. With such sensors, data on the operating conditions and flow rates through the valves can be obtained, which additionally allows manufacturers to schedule predictive maintenance. The integration of chips into such devices is, in part, in keeping with the growing usage of the internet of things (IoT) technology and industrial automation solutions around the world.
Similarly, APAC also requires a lot of electricity, which is why it is home to a huge number of power plants, which are another important application area of control valves. For instance, such components are absolutely vital at hydroelectricity plants, as the pressure of the water needs to be substantially high to be able to turn the turbine. Similarly, even in thermal power plants, valves are used to let water in and out; here, the turbines are spun by high-pressure steam.
Hence, with the growing population and industrial production, the demand for control valves will keep booming.
Read More: https://www.psmarketresearch.com/market-analysis/control-valves-market
Control valves are the devices which allow the passage of fluids (liquids and gases).
Control valve act as a passage which open and closes when fluid flows through it.
Control valves are mainly use in process industries such as food and beverages, oil and gas, waste water treatment etc.
in order to control the process by maintaining the flow of fluid.
In the market, latest control valves are also available which are automated and sensor based for swift operations.Global control valves market is projecting a rise in estimated value by 2026, registering a CAGR of 6.8% in the forecast period of 2019-2026 due to Increase in the infrastructure project in developing countries, Rise of automation in the process industry and Increase in research and development to design and develop new valvesDownload Sample Copy of Computer Vision Market Report Athttps://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-control-valves-marketMarket Drivers and Restraints:Growth in demand from water and wastewater treatment, oil & gas industry, power industry and pharmaceutical industry would act as a catalystAdoption of smart valves and automation in industries have enhanced the marketIncrease in the power generation plants including nuclear plants across the globe may boost the marketIncrease in research and development to design and develop new valves has driven the marketHuge initial investment would hinder the growthHigh failure rate of valves can restrict the market of control valveThe major players covered in the Control Valves MarketFew of the major competitors currently working global control valves market are Curtiss-Wright, Crane Co., Emerson Electric Co, Flowserve Corporation, Alfa Laval, IMI plc, Neway Valves., Velan Inc., Samson Controls Inc., Pentair plc., Kitz Corporation, Metso Corporation, The Weir Group PLC, SpiraxSarco Limited, Valvitalia SpA, SchlumbergerLimited, Eaton, Honeywell, Baker Hughes and othersMajor TOC Of The ReportChapter One: Control Valves Market OverviewChapter Two: Manufacturers ProfilesChapter Three: Global Control Valves Market Competition, by PlayersChapter Four: Global Control Valves Market Size by RegionsChapter Five: North America Control Valves Market Revenue by CountriesChapter Six: Europe Control Valves Market Revenue by CountriesChapter Seven: Asia-Pacific Control Valves Market Revenue by CountriesChapter Eight: South America Control Valves Market Revenue by CountriesGet Detailed Table of Contents @https://www.databridgemarketresearch.com/toc/?dbmr=global-control-valves-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global Control Valves MarketAnalysis of market effect factors and their impact on the forecast and outlook of the global Control Valves MarketThe detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Control Valves MarketA roadmap of growth opportunities available in the global Control Valves Market with the identification of key factorsThe exhaustive analysis of various trends of the global Control Valves Market to help identify market developmentsKey Questions Answered in Report:What is the key to the Control Valves Market ?What will the Control Valves Market Demand and what will be Growth?What are the latest opportunities for Control Valves Market in the future?What are the strengths of the key players?Access Full Report @ https://www.databridgemarketresearch.com/reports/global-control-valves-marketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
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