Control Valve Market Worth $10.82 Billion by 2020 - New Report by MarketsandMarkets
(PRWEB) February 19, 2015 -- According to a new market research report "Control Valve Market by Motion (Rotary, Linear), by Component (Valve Body, Actuator, and Others), by Application (Oil & Gas, Chemicals, Energy & Power, Water Management, Pharmaceuticals, Food & Beverages, and Others), & by Geography - Global Forecast to 2020", the Control Valve Market is expected to reach $10.82 billion by 2020, growing at a CAGR of 6.85% between 2014 and 2020.
Browse 70 market data tables and 70 figures spread through 180 pages and in-depth TOC on "Control Valve Market".
Early buyers will receive 10% customization on this report.
The report on the control valve market analyzes the control valve value chain, giving a very clear insight of all major and supporting segments to the industry. The market has been segmented based on motion types, components, and different applications and discussed in detail with market size projections in terms of value and volume. This report also analyzes market trends and technologies in control valve market dynamics such as drivers, restraints, and opportunities along with the industry’s challenges.
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The Control Valve Market is expected to benefit from emerging market investments that are lifting the industrial infrastructure and facilities, while the developed markets are expected to continue investing in more efficient flow control devices, systems, and procedures, which offer better and more efficient process control. An increase in the energy consumption continuously is pushing the companies to adopt the automated techniques, including control valves in their process operations s to eliminate wastages and
balance the growing demand.
Control valves exhibit a huge potential in terms of applications such as oil & gas, chemicals, energy & power, water management, food & beverages, mining & metals, pulp & paper, pharmaceuticals, and others. Development in oil extraction infrastructure facilities and continuous support by various governments is leading towards the heavy investment in the control valve market.
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The market size for the Control Valve Market is included in the report for four geographical regions, namely, the Americas, Europe, Asia-Pacific, and Rest of the World (RoW). The Americas is estimated to account for a major share in the Control Valve Market, which is expected to be followed by Asia-Pacific and Europe. Moreover, the Asia-Pacific market for control valve is expected to grow at the highest rate.
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