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Control Valves Market - Global Industry Analysis and Forecast 2016 – 2024
Control Valve Market
In terms of revenue, the global control valves market was valued at US$8.92 bn in 2015 and is expected to reach US$15.41 bn by 2024. If these values hold true, the market is projected to expand at a 6.3% CAGR during the forecast period. The volume of the global control valves market is forecast to rise at a 5.9% CAGR from 2016 to 2024.
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Growing Usage of Alternative Sources of Power a Major Restraint
The global control valves market has been thriving as a result of rapid growth in the oil and gas industry. “The demand for control valves is anticipated to rise with their increase in uptake in upstream, midstream, and downstream activities,” the author of the report states. The benefits offered by control valves in pressure and temperature control in the oil and gas industry is working in favor of the global market.
The extensive use of control valves in the food and beverages industry is also projected to be a key growth driver for the global market. Control valves are primarily used in industries such as dairy, animal feed, and oil and fats. The rapid growth of the food and beverages industry in the developing countries such as Brazil, China, and India is anticipated to have a positive impact on the control valves market.
This 138 page report gives readers a comprehensive overview of the Control Valves market. Browse through 41 data tables and 51 figures to unlock the hidden opportunities in this market.
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Control Valves market: By Actuation Technology
Manual Control Valves
Pneumatic Control Valves
Hydraulic Control Valves
Electric Control Valves
Control Valves market: By Type
Ball Valve
Butterfly Valve
Cryogenic Valve
Globe Valve
Control Valves market: By End-use Industry
Power Generation
Oil and Gas
Chemicals
Food & Beverages
Pharmaceuticals
Automotive
Wastewater Management
Others
Control Valves market: By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
Italy
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of APAC
Rest of the World
South America
Middle East & Africa
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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