Control Valve Market Overview
A control valve is a device used to control the fluid level by differentiating the sizes of the flow passage. This flow is usually directed by the controller when it emits signals. The major function of the valve is to control the flow rate of the passage by a signal from a controller, and the consequent parameters like the temperature, the liquid level, and the pressure are usually considered.
A process variable is kept as close to the point as possible, and after that, the valves are used to set a desired point of mode. A control valve comes in the form of a linear and rotary motion. The controller is the major part of the valve that hits the flow to increase or decrease the motion pressure.
The Control Valve Market is expected to stand at a global share of $ 15.50 Billion by 2032. During the forecast period till 2032, healthy and substantial growth is seen for the Control Valve Market, considering the CAGR rate of 11.20%. The major factors driving the market are the growing nuclear power plants with the maximum need for a secured valve connection throughout their circuit connections.
The industrial equipment that is being set up in all sorts of industrial as well as residential sectors contributes majorly towards driving the focus on the market. Automatic components like the Solenoid Valves are majorly used in pharmaceutical departments, and the need there is a constant need to create the control valves for them.
The constant requirement for automation and safety has made the immense need for the control valves mandatory. It is safe to say that the need for automation in the healthcare and pharma departments has majorly drawn the growth of the Control Valve Market.
The pandemic rose awareness among the people regarding sanitation and hygiene, which led the market had more opportunities. Healthy growth is hereby seen in the market.
Key Players:
- Neles Corporation
- Burkert Fluid Control Systems
- Schlumberger Limited
- Samson
- Velan Inc
- First Reserve
- General Electric
- Curtiss-Wright Corporation
- Eaton
- Crane Co.
- Alfa Laval
- IMI Plc
- Flowserve Corporation
- Emerson Electric Co
Market Segmentation
The Control Valve Market is divided into the valve type, the valve size, the component, and the end-use.
Depending upon the valve type, the market is segmented into the diaphragm, ball, globe, gate, and butterfly and checked along with others. Divided by the valve size, the segmentations are below 1”, 25” to 50”, 1” to 6” and all those above 50. The market is again segmented into the valve body and actuator depending upon the component and oil and gas, energy and power, and chemicals depending upon the end-use.
Regional Analysis
Based on the various factors, the Control Valve Industry is spread over the areas of the US and Mexico in NorthAmerica and parts of the UK, France, and Germany in Europe. Asia-Pacific parts of China, Japan, and India are already globally dominated by the same. Latin America and Brazil have major parts covered by the industry.
Industry News
Some of the top key players in the industry are VelanInc, Burkert Fluid Control System, Samson, and the First Reserve. The Control Valve Market Size is expected to stand at a global share of $ 15.50 Billion by 2032.
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