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According to a new report published by Allied Market Research, titled, “Control Valve Market by type, operation, and application: opportunity analysis and industry forecast, 2020–2027,” the global control valve market size accounted for $5.40 billion in 2019, and is expected to reach $7.96 billion by 2027, registering a CAGR of 7.0 % from 2020 to 2027. In 2019, Asia-Pacific dominated the global control valve market, in terms of revenue, accounting for about 40.20% share of the global control valve industry, followed by North America and Europe.The report analyzes the global control valve market on the basis of type, operation, application, and region. The types of control valve covered in this report are linear control valve and rotary control valve. Moreover, the global control valve market is poised to witness significant growth during the forecast period, owing to growth in oil & gas and power generation sectors, increase in demand for automation in process industries, and rise in demand for control valves in pharmaceutical and food & beverage process industries. Some of the restraints associated with the control valve market are high initial investments and competition from domestic manufacturers.
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Leading Players:
The key players profiled in the control valve market report include Crane Co., include Crane Co., Alfa Laval Corporate AB, Emerson Electric Co., Flowserve Corporation, Schlumberger Ltd, Metso Corporation, KSB SE & Co. KGaA, KITZ Corporation, Samson Aktiengesellschaft, and Velan Inc.
The global control valve market is segmented on the basis of type, operation, application, and region. On the basis of type, the market is divided into linear, and rotary. The linear segment had the highest revenue in 2019. On the basis of operation, it is classified into pneumatic control valve, hydraulic control valve, and electrical control valve. The pneumatic control valve segment had the highest revenue in 2019. On the basis of application, the market is divided into electrical power, oil & gas, water & wastewater, automotive, pharmaceuticals, mining, chemicals, food & beverages, and others. The water & waste-water management segment had the highest revenue in 2019.
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Regional Analysis:
Region wise, the global control valves market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Key Findings Of The Study
The report provides an extensive analysis of the current and emerging control valve market trends and dynamics.
By type, the linear segment registered the highest revenue in the control valve market in 2019.
Depending on the operation, the pneumatic control valve segment dominated the control valve market, in terms of revenue in 2019 and is projected to grow at a CAGR 5.6% during the forecast period
The key players within the control valve market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the control valve industry.
The report provides an extensive analysis of the control valve market trends and emerging opportunities of the market.
The global control valve market forecast analysis from 2020 to 2027 is included in the report.
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Contact Info:
Name: David Correa
Email: Send Email
Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
Phone: 18007925285
Website: https://www.alliedmarketresearch.com
Release ID: 89033480
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