Control Valves Market Will Garner A Market Value Of Over US$ 17 Billion By The End Of 2031

The comprehensive Control Valve Market analysis focuses on the macroeconomic and microeconomic factors of market growth. Another significant focus of the paper is the regulatory framework that is impacting the future of the global market. The research report also assesses the global market’s potential investment possibilities, new application areas, and pricing structure. The report also provides an in-depth examination of how market dynamics will change in the years following the forecast period. Furthermore, it provides valuable information on the key trends influencing the current market environment and promising for the future of The report on the global Control Valve Market contains detailed analyses of major market growth factors and opportunities.

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Key Takeaways from the Market Study

  • By type, electric control valve type expected to hold highest share for sales, expanding at over 6.6% CAGR
  • Ball valves to experience heightened prospects, reflecting a 6% CAGR to reach 10,000 units by 2026
  • Control valve industry expected to register  CAGR around 30% throughout North America
  • Control valve industry expected to register CAGR of 5.8% in the Asia Pacific region.
  • U.S., Canada, China and Japan to dominate control valves market.

“Increasing demand from end user industries such as oil & gas, chemical and wastewater management is boosting the sales of control valves.” opines a Fact.MR analyst

Competitive Landscape

Key manufacturers in the control valves industry are Emerson Electric Co., Schlumberger Limited, Honeywell International Inc., General Electric Company, Goodwin International Ltd., Flowserve Corp, Metso Plc, Dresser Inc., Burkert Fluid Control Systems, Crane Co., Velan Inc., Pentair Limited, Dual Products Intl. Cc, Samson AG, MIL Control Limited, IMI Plc., Curtiss-Wright, and Neway Valves.

  • In March 2021, Emerson launched two way and three way solenoid valves. These valves support OEM’s to develop compact machines and equipment.
  • In Feburary 2020, Schlumberger opened a manufacturing center in King Salman Energy Park (SPARK), Saudi Arabia, which supports Saudi Aramco’s In-Kingdom Total Value Add (IKTVA) program to promote economic growth.
  • The center will manufacture various technologies, including liner hangers and packers, and valve technologies such as GROVE valves and ORBIT rising stem ball valves, to help improve the efficiency of oil and gas operations in the kingdom and neighboring countries.

The report on the global control valve market addresses several significant questions, such as the following:

What are some of the unexplored investment potential in the control valve market?
Which region is predicted to grow at the most alluring rate throughout the predicted period, and what factors will be crucial to its expansion?
In the not-too-distant future, what developments are most likely to change the current situation of the dominant companies in the Control Valve Market?
Which sectors of the market for goods, services, or technologies have the potential to fundamentally change how the control valve industry competes?
What strategies do the major companies employ to keep a monopoly on the control valve market?
What strategic measures will new competitors try to get off to a strong start?

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