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Detailed Report of Stainless Steel Control Valves Market is
available at:
The global stainless steel control valves (less than 2 inches) market
is primarily driven by factors such as its increasing applications in
chemical industries of APAC, growing importance of wastewater
management across different countries in the globe and rapid growth
of semiconductor & electronic manufacturing industries. Moreover,
due to the hygiene and time efficiency factor, pharmaceutical
companies are investing on sophisticated small scale fluid handling
systems, which in turn are expected to result in increased demand for
stainless steel control valves (less than 2 inches). Considering
these positive factors, the demand for control valves is set to rise
during the forecast period from 2015 - 2023.
By actuation technology, the market has been sub-divided into manual,
pneumatic, hydraulic and electric. Electric control valves was the
largest segment in 2014 and growth of applications of these types of
control valves is driven by factors such as increase in demand for
small scale fluid handling systems in industrial automation projects
and growing penetration of wastewater management systems globally.
Electric stainless steel control valves (less than 2 inches) provide
high degree of flexibility and scalability of operation while used in
wastewater management projects.
Based on type, the global stainless steel control valves (less than 2
inches) market can be segmented into five segments namely ball valve,
butterfly valve, cryogenic valve, globe valve and others. Stainless
steel butterfly control valves (less than 2 inches) garnered the
maximum revenue in 2014. Extensive applications of stainless steel
butterfly control valves (less than 2 inches) across various
industrial sectors have been the primary driving factors for the
growth of this segment.
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The stainless steel control valves (less than 2 inches) market by
end-use industry is divided into six segments namely power
generation, oil & gas, chemical industry, semiconductor &
electronics manufacturing, wastewater management and others. The
power generation industry was the largest individual contributor in
the stainless steel control valves (less than 2 inches) market in
2014 and is expected to retain its position throughout the forecast
period. The stainless steel control valve (less than 2 inches)
applications in the power generation sector are primarily driven by
the increase in demand for power globally and investments in the
industrial infrastructure projects in emerging economies such as
China, India and Brazil.
Control valves market has been segmented into broad geographic
regions such as North America, Europe, Asia Pacific (APAC) and Rest
of the World (RoW). APAC occupied the largest share of the market in
2014 accounting for more than 40%. The demand for stainless steel
control valves (less than 2 inches) is expected to remain high in the
region as a result of growth across various industry verticals.
Some of the major players in the market are: Emerson Electric, Co.
(U.S.), Flowserve Corporation (U.S.), IMI Plc (U.K.), Metso
Corporation (Finland), Pentair, Plc (U.K.), General Electric, Co.
(U.S.), MIL Controls Limited (India), Samson AG (Germany), SVF Flow
Controls, Inc (U.S.), Crane & Co. (U.S.), Velan Inc. (Canada),
Armstrong International, Inc.(U.S.), Kimray Inc. (U.S.), Christian
Burkert GmbH & Co. KG (Germany), Swagelok Co. (U.S.), Cameron
International Corporation (U .S.), CIRCOR International, Inc. (U.S.)
and Richards Industries, Inc. (U.S.) among others.
Brochure of this Market Report is available at:
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