Global Control Valve Market to Witness Widespread Expansion During 2017 to 2026
The report estimates that the global control valve market will register a 5.5% CAGR in terms of value over the forecast period.
(EMAILWIRE.COM, November 13, 2018 ) Increasing penetration of automation across several industrial verticals has fuelled the demand for components that regulate pressure, temperature and other elements effectively. Manufacturers are advancing their capabilities in developing control valves for the future industrial demands. New designs are being incorporated to increase the efficiency of control valves in enabling a direct control of the flow rate, and in processing the information on liquid level, temperature and pressure.
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According to Fact.MR’s recent forecast study, the global market for control valves is expected to incur a steady expansion during the forecast period, 2017-2026. The report estimates that the global Control Valve Market will register a 5.5% CAGR in terms of value over the forecast period. By the end of 2026, more than 18,334 thousand units of control valves are expected to be sold across the globe.
Adoption of Pneumatic Control Valve Actuation Technology to Remain Predominant
Through 2026, majority of control valves being sold in the global market will be developed on pneumatic control valve actuation technology. Effectiveness of pneumatic actuation technology in regulating system pressure and directing the pressure flow systematically continues to drive the sales of these control valves. In 2017, more than 3,650 thousand units of control valves were sold across the globe. The report further reveals that increasing sales of EVs and hybrids will drive the adoption of control valves developed on electric actuation technology. Over the forecast period, electric control valves are estimated to register highest CAGR of 6.6% in terms of volume.
By 2026-end, around 5,000 Thousand Units of Ball Valves are Expected to be Sold Globally
The report has forecasted that ball valves will represent top-selling control valve in the global landscape. The adoption of ball valves remains predominantly high in the industrial marketplace for their efficiency in working at non-lubricated conditions and maintaining the regularization of high pressures and high temperature flows. On the other hand, butterfly valve and globe valve will witness a surging demand, reflecting a volume CAGRs of 6% and above respectively over the forecast period. The report also reveals that control valves will find the most lucrative applications in the oil & gas industry. By 2026-end, nearly one-fourth of global Control Valve Market volumes will be accounted by the oil & gas applications of control valves.
Get Access To TOC Covering 200+ Topics: https://www.factmr.com/report/439/control-valve-market
Competition Tracking
Leading manufacturers of control valves have been extensively profiled in this report. Companies namely, 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, Neway Valves, and Spirax Sarco, among others, are recognized as the leading players in the global control valve market. These companies are expected to instrument the global production of control valve through 2026.
Make an inquiry for purchasing this report: https://www.factmr.com/connectus/sample?flag=AE&rep_id=439
About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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Request for a sample of this research report: https://www.factmr.com/connectus/sample?flag=S&rep_id=439
According to Fact.MR’s recent forecast study, the global market for control valves is expected to incur a steady expansion during the forecast period, 2017-2026. The report estimates that the global Control Valve Market will register a 5.5% CAGR in terms of value over the forecast period. By the end of 2026, more than 18,334 thousand units of control valves are expected to be sold across the globe.
Adoption of Pneumatic Control Valve Actuation Technology to Remain Predominant
Through 2026, majority of control valves being sold in the global market will be developed on pneumatic control valve actuation technology. Effectiveness of pneumatic actuation technology in regulating system pressure and directing the pressure flow systematically continues to drive the sales of these control valves. In 2017, more than 3,650 thousand units of control valves were sold across the globe. The report further reveals that increasing sales of EVs and hybrids will drive the adoption of control valves developed on electric actuation technology. Over the forecast period, electric control valves are estimated to register highest CAGR of 6.6% in terms of volume.
By 2026-end, around 5,000 Thousand Units of Ball Valves are Expected to be Sold Globally
The report has forecasted that ball valves will represent top-selling control valve in the global landscape. The adoption of ball valves remains predominantly high in the industrial marketplace for their efficiency in working at non-lubricated conditions and maintaining the regularization of high pressures and high temperature flows. On the other hand, butterfly valve and globe valve will witness a surging demand, reflecting a volume CAGRs of 6% and above respectively over the forecast period. The report also reveals that control valves will find the most lucrative applications in the oil & gas industry. By 2026-end, nearly one-fourth of global Control Valve Market volumes will be accounted by the oil & gas applications of control valves.
Get Access To TOC Covering 200+ Topics: https://www.factmr.com/report/439/control-valve-market
Competition Tracking
Leading manufacturers of control valves have been extensively profiled in this report. Companies namely, 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, Neway Valves, and Spirax Sarco, among others, are recognized as the leading players in the global control valve market. These companies are expected to instrument the global production of control valve through 2026.
Make an inquiry for purchasing this report: https://www.factmr.com/connectus/sample?flag=AE&rep_id=439
About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://www.industrynewsanalysis.com/
Contact Information:
Fact.MR
James Hilton
Tel: +353-1-6111-593
Email us
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Fact.MR
James Hilton
Tel: +353-1-6111-593
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results