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Control Valves Market to represent a significant expansion at CAGR of 6.4% by 2025
Research Report Insights (RRI) has launched the report titled, “Control Valves Market to represent a significant expansion at CAGR of 6.4% by 2025”
The global control valves market depicts a highly fragmented vendor landscape characterized by substantial competition present between individual players, says Research Report Insights on the basis of a report compiled by expert analysts. Notable diversity exists with regards to the presence of local as well as international players in this market
Speaking about statistics, the global control valves market is expected to rise at a strong CAGR of 6.4% between 2017 and 2025. The market initially had a worth of US$6.01 bn in 2016, and is anticipated to be worth at least US$10.46 bn by 2025.
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Ballooning Power Generation Sector Stokes Growth in Control Valves Market
Widespread expansions witnessed by the power generation industry is primarily responsible for driving the global control valves market’s growth. This is mainly due to a crucial role played by the control valves in the power generation sector, majorly in terms of regulating the power generation processes
Lack of Skilled Labor Drags Sales of Control Valves
Businesses also are convey a lot of focus on achieving technological modernism, in order to introduce newer and improved valve varieties. With numerous new players entering the market in the next few years, the competition is likely to get more intense. Rotork Plc., Goodwin International Ltd., Flowserve Corporation, KITZ Corporation, Schlumberger Limited, AVK Holding A/S, Bürkert Fluid Control Systems, Emerson Electric Co., Honeywell International Inc., and General Electric Company are key players operating in the global control valves market.
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The global control valves market is segmented as follows:
By Actuation Technology
Manual Control Valve
Pneumatic Control Valve
Hydraulic Control Valve
Electric Control Valve
Rest of North America
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East and Africa
Rest of South America
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