Dublin, Nov. 06, 2018 (GLOBE NEWSWIRE) -- The "Control Valve Market by Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Valve Size, Valve Components (Actuators, Valve Body, Others), Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power), and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The control valve market is expected to grow from USD 7.48 billion in 2018 to USD 10.62 billion by 2024, at a CAGR of 6.02% from 2018 to 2024.

Key factors driving the growth of the control valve market include the increased need for connected networks to maintain/monitor various equipment in plants and the commissioning of new nuclear plants, along with the upscaling of existing plants. Strategies such as product launches and developments, mergers and acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships adopted by market players are fueling the growth of the control valve market. However, high initial investments for control valves and the malfunctioning of control valves are restraining the growth of the control valve market.

The market for control valves having sizes ranging from 1 to 6 is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the increasing demand for transportation and power-based applications; as a result, there is an increase in the use of 1-6 valves in the oil & gas, energy & power, water & wastewater treatment, chemicals, and other industries.

The control valve market in Asia Pacific (APAC) held the largest share of the overall market in 2017 and is expected to grow at the highest CAGR during the forecast period. Major factors driving the growth of the control valve market in APAC include the increasing population and rising focus of emerging economies on investing in industries such as energy & power, oil & gas, water & wastewater treatment, chemicals, and construction in which control valves are used.

Emerson (US), IMI PLC (US), Flowserve (US), and Weir Group (UK) are among the major players in the control valve market.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Control Valve Market
4.2 Control Valve Market, By Valve Type
4.3 Control Valve Market in APAC, By Country and Industry, 2024
4.4 Control Valve Market, By Region, (2018-2024)
4.5 Control Valve Market, By Component
4.6 Control Valve Market, By Valve Size
4.7 Control Valve Market, By Industry

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Need for Connected Networks to Maintain/Monitor Various Equipment in Plants New Nuclear Plants and Upscaling of Existing Plants
5.2.2 Restraints High Initial Investments Malfunctioning of Valves
5.2.3 Opportunities Introduction of Iiot and Industry 4.0 Architecture Need for Valve Replacement Exploration of Oil and Gas Improved Customer Service
5.2.4 Challenges Increasing Collaborations Among Industry Players Minimizing Lead and Delivery Time Increasing Availability of First Copies

6 Industry Trends
6.1 Introduction
6.2 Value Chain
6.3 Consumer Buying Process
6.3.1 Online Valve Purchase Trend is Expected to Disrupt Traditional Consumer Buying Process of Valve Industry

7 Control Valve Market, By Component
7.1 Introduction
7.2 Actuator
7.2.1 Actuator Will Dominate Component Market of Control Valves During the Forecast Period
7.3 Valve Body
7.3.1 Valve Body Will Continue to Maintain Its Crucial Position in Component Market of Control Valve
7.4 Others

8 Control Valve Market, By Size
8.1 Introduction
8.2 Up to 1"
8.2.1 Wastewater Treatment, Oil & Gas, Construction and Pulp & Paper Will Drive Demand of Upto 1Control Valves
8.3 1"-6"
8.3.1 Demand for Rotary Valves for Applications in Process Industry Will Drive Demand of 1-6 Control Valves
8.4 6"-25"
8.4.1 Demand From Chemical, Oil & Gas, Water & Wastewater Industries Will Drive Demand of 6-25 Control Valves
8.5 25"-50"
8.5.1 Demand From Oil & Gas Industry for Tight Shut-Off Gate Valves Will Drive Demand of 25-50 Control Valves
8.6 50" & Larger
8.6.1 Demand From High Pressure and Temperature Applications Such as Oil & Gas, Energy & Power, Water & Wastewater Industries Will Drive Demand of 50& Larger Control Valves

9 Control Valve Market, By Valve Type
9.1 Introduction
9.2 Linear Valves
9.2.1 Gate Valves The Need for Gate Valves for Complete Shut -Off Applications While Handling Viscous Media Will Drive Usage of Gate Valves
9.2.2 Diaphragm Valves Increasing Focus on Hygiene in Food & Beverage and Pharmaceuticals Industry Will Drive Usage of Diaphragm Valves
9.2.3 Other Valves Increasing Focus on Hygiene in Food & Beverage and Pharmaceuticals Industry Will Drive Usage of Other Type of Control Valves
9.3 Rotary Valves
9.3.1 Ball Valves The Simplicity of Design and the Availability of A Wide Variety of Product Options Make Them an Ideal Choice for Several Applications and Will Drive the Usage of Ball Type of Control Valves
9.3.2 Butterfly Valves Saving in Weight, Space and Maintenance Costs Will Drive the Demand for Butterfly Valve From Key Industries Such as Chemicals, Pharmaceuticals, and Food Processing
9.3.3 Plug Valves Simplicity in Design, Versatility in Operation and Effective Leakage-Prevention Mechanism Will Drive the Demand for Plug Valve From Key Industries Such as Chemicals, Oil & Gas and Energy & Power

10 Control Valve Market, By Industry
10.1 Introduction
10.2 Oil & Gas
10.2.1 Increasing Demand for Maintenance of Refineries Will Open Up the Market to More Companies With Core Engineering Competency
10.3 Water & Wastewater Treatment
10.3.1 Upgradation of Older Water Infrastructure Will Be the Key Driving Factor for Control Valves to Witness Growth During the Forecast Period
10.4 Energy & Power
10.4.1 Increasing Need of Energy in Developing Economies Will Upsurge Demand of Control Valves
10.5 Chemicals
10.5.1 Environment Safety Policies of Chemical Industry Will Act as Strong Driver for Control Valves
10.6 Food & Beverages
10.6.1 Increasing Automation and Focus on Hygiene Will Drive the Demand for Control Valves in Food & Beverages Industry
10.7 Pharmaceuticals & Healthcare
10.7.1 Butterfly and Diaphragm Control Valves Will Dominate Pharmaceuticals & Healthcare Industry During the Forecast Period
10.8 Construction
10.8.1 HVAC, Fire Safety and Water and Wastewater Management Applications Will Boost the Demand of Control Valves in Construction Industry
10.9 Pulp & Paper
10.9.1 Processes Like Stock Preparation, Paper Machining, Re-Pulping, Recycling Will Be the Key Demand Centers of Control Valves in Pulp & Paper Industry
10.10 Metals & Mining
10.10.1 Control Valves Will Gain Significant Traction in Metals & Mining Industry Owing to Increasing Number of Mining Projects Across the Globe
10.11 Others

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.2.1 US US Holds Significant Share of the North American Market for Control Valves
11.2.2 Canada Upcoming Investments in Oil & Gas Industry Will Boost the Control Valve Market in Canada During the Forecast Period
11.2.3 Mexico Energy & Power Industry of Mexico Will Be the Important Demand Center for Control Valves
11.3 Europe
11.3.1 Uk Innovative Water Industry and the Development of Smart Cities Will Drive the Demand for Control Valves in the UK
11.3.2 Germany Germany Holds Significant Market Share of Control Valves in European Region
11.3.3 France The Increasing Focus on Cleaner Fuels to Enhance Nuclear Program Will, in Turn, Boost the Demand for Control Valves in the Energy & Power Industry
11.3.4 Italy Presence of Key Valve Manufacturers Will Drive the Control Valve Market of Italy
11.3.5 Rest of Europe
11.4 APAC
11.4.1 China Energy & Power, Oil & Gas, Chemicals and Food & Beverage Industry of China Will Drive Control Valve Market
11.4.2 Japan Revival of Nuclear Program Will Help Control Valve Market to Gain Traction in Japan During the Forecast Period
11.4.3 South Korea Ultrapure, Hygienic, and Cryogenic Applications Will Drive the Market of Control Valves in South Korea
11.4.4 India India is Expected to Witness Fastest Growth in Asian Control Valve Market
11.4.5 Rest of APAC
11.5 RoW
11.5.1 Middle East The Increasing Use of Automation in Several Key Industries in the Region Such as Oil & Gas, Refining, Power Generation Will Drive the Control Valve Market in the Middle East.
11.5.2 South America Increased Focus on Natural Gas Extraction Will Boost Demand of Control Valves From Oil & Gas Industry and Will Drive the Market in South America.
11.5.3 Africa Fresh Investments in Energy & Power Sector Towards Low Carbon Technology and Green Energy Will Drive the Control Valve Market in Africa.

12 Competitive Landscape
12.1 Overview
12.2 Market Player Ranking Analysis
12.3 Competitive Scenario
12.3.1 Competitive Situation and Trend
12.3.2 Acquisitions & Expansions
12.3.3 Partnerships & Collaborations
12.3.4 Others

13 Company Profiles
13.1 Introduction
13.2 Key Players
13.2.1 Burkert Fluid Control Systems
13.2.2 Emerson
13.2.3 Weir Group PLC
13.2.4 Flowserve Corporation
13.2.5 IMI PLC.
13.2.6 Curtiss-Wright Corporation
13.2.7 Cameron - Schlumberger
13.2.8 Spirax Sarco
13.2.9 Crane Co.
13.2.10 Kitz Corporation
13.3 Other Players
13.3.1 Samson Ag.
13.3.2 Metso Corporation
13.3.3 Neway Valves Co.
13.3.4 Alfa Laval AB
13.3.5 Velan Inc.
13.3.6 AVK Holding A/S
13.3.7 Avcon Controls.
13.3.8 Ham-Let
13.3.9 Dwyer Instruments
13.3.10 Apollo Valves
13.3.11 Swagelok

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Related Topics: Valves