Control Valve Market Analysis, Trends, Size and Forecast to 2022

Control valves are used to regulate process variables such as flow, temperature, pressure and fluid level in the process industries like oil & gas, water management, chemicals, power generation, automotive, mining, pharmaceuticals, food & beverages and many others. Control valves play an important role in increasing efficiency, safety and profitability of these process industries. Furthermore, the manufacturers of control valves are constantly engaging in research and development activities to design their products in accordance with the changing requirements in various industries.

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The main drivers for the growth of control valves market are gradual increase in the need for automation in the process industry, the rising number of industrial infrastructure projects in developing countries and the ever increasing investment across all the process industries especially oil &gas industry. Additionally, the demand for control valves is expected to be high in the pharmaceutical industry. High energy demand integrated with growing population is one of the major factors driving the control valves market growth. Inefficient logistics and supply system across the world is one of the challenges for control valves market in the period 2014-2022.

The world control valves market has been segmented on the basis of product types, application and geography. Based on product type the market is segmented into pneumatic, hydraulic and electric control valve. In terms of application is the market can be bifurcated into electrical power, oil & gas, water &waste-water, pharmaceuticals, automotive, chemicals, mining, food & beverage and others. Based on geography, the world control valves market is segmented into North America, Europe, Asia-Pacific, and LAMEA (South America, Middle East and Africa).

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