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Control Valve Market
The growing Acquisition of automation covering several industries is driving the market demand.
Control valves are important in industries such as chemical processing, oil and gas, and power” - Polaris Market ResearchNEW YORK CITY, NY, UNITED STATES, December 13, 2024 /EINPresswire / -- Our control valve market report has been prepared using advanced methodologies and research techniques to help businesses make strategic business decisions.
The most recent research study by Polaris Market Research reveals that the control valve market is anticipated to flourish at a stable rate. With a projected CAGR of 5.5%, the market was valued at USD 9.99 billion in 2024. It is ready to grow to USD 17.07 billion by 2034.
Market Introduction:
A control valve manages the account of fluid flow as the location of the valve plug or disk is altered by an actuator. Control valves are utilized to sustain a procedure inconsistent at the proximity to the craved set point. Regulator set points are normally flow rate pressure and temperature. Commodity variables such as density, congregation, liquid volume, and others can also be regulated with control valves.
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A control valve positioning comprises of valve body, actuator, positioner, and accessories. The body involves a bonnet convention and trim components. Its outline resists fluid static pressure and differential pressure, permitting fluid flow, offers pipe linking termination, and reinforces seating services and a valve termination representation. Industries are enhancing their functional productivity and decreasing human mistakes, where the control valve plays an important part in automating crucial procedures, pushing the control valve market demand.
List of Key Companies in Control Valve Market:
.Emerson Electric Co.
.Flowserve Corporation
.IMI plc
.Alfa Laval AB
.AVK Holding A/S
.Eaton
.Honeywell International, Inc.
.Velan Inc.
.Burkert Fluid Control System
.Valvitalia SpA
Market Drivers and Opportunities:
Surging Pharmaceutical Industries: The surging pharmaceutical industries are escalating demand for control valves. They are important for sanctioning accurate regulation over the flow, pressure, and temperature of fluids in the course of several procedures. They are important in sustaining the standard and uniformity of pharmaceutical commodities and handling crucial functions such as stirring, combining, and filling, boosting the demand for control valve market growth.
Growing Energy Demand: The rising energy demands covering oil and gas and power creation sectors are pushing the prerequisite for progressive flow control systems. The augmenting global energy needs sufficient flow control systems. The augmenting global energy needs productive flow control solutions to handle the intricate procedures included in the withdrawal, conveyance, and processing of hydrocarbons and power creation. Further, the escalation in oil and gas production has caused elevated demand for control valves.
Growing Industrialization: The escalating industrialization and framework advancement in surfacing markets are boosting the demand for chemical industries. The augmentation of chemical industries has contributed to the growing acquisition of progressive control valve solutions. This surging trend toward superior automation in chemical manufacturing procedures is escalating the demand for progressive control valves.
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Segmental Analysis:
.The control valve market segmentation is based on component, type, material, size, end-use, and region.
.By end-use analysis, the oil and gas segment held the largest market share. This is due to this sector serving as a prominent energy source globally, requiring the congruous function of production, refining, and distribution framework. Control valves play an important part in maximizing and productively handling these procedures thereby encountering the industry's energy supply needs.
.By type analysis, the rotary valve segment is poised to register a significant CAGR. This is due to rotary valves involving ball valves and butterfly valves owning distinctive benefits in particular applications as contrasted to alternate valve types. They are influenced by their speedy function, compact shut-off potential, and appropriateness for elevated pressure and temperature ambiances.
Regional Overview:
The research report covers all the major regions and sub-regions of the control valve market. The study provides market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Asia Pacific: Asia Pacific accounted for the largest market share. This is primarily because of speedy urbanization in nations such as China, India, and Southeast Asia. This has caused an escalated demand for framework advancement, especially in buildings, conveyance framework, and usefulness.
North America: North America is anticipated to witness the fastest CAGR from 2025 to 2034. The region's escalating food and beverage industry fuels the regional market expansion.
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FAQs:
How much is the control valve market?
The market size was valued at USD 9.99 billion in 2024.
What is the growth rate of the control valve market?
The global market is projected to grow at a CAGR of 5.5% during the forecast period, 2024-2032.
Which region held the largest market share?
Asia Pacific had the largest share of the global market.
Which end-use industry led the market?
The oil and gas category dominated the market in 2023.
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
Likhil G
Polaris Market Research and Consulting
+ +1 929-297-9727
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