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Full Information Regarding Market of Control Valves is available
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The latest market trends show that a demand for increasingly
sophisticated fluid handling systems will boost the demand for
high-precision, long lasting control valves. According to business
intelligence firm Transparency Market Research, the global control
valves market is poised to exhibit a 7.0% CAGR between 2015 and 2021.
The market’s valuation in 2014 was US$7.74 bn and at the projected
CAGR, it will rise to US$12.14 bn by 2021.
Increasing investment in fluid handling technology across oil and gas
sector coupled with the growing requirement of industrial process
controls across different industry verticals is driving the growth of
the control valves market. Moreover, control valves are increasingly
deployed in pipeline installations projects which are further
fuelling the growth of the market. The demand for control valves is
also expected to remain high in the pharmaceutical industry as
various pharmaceutical companies are investing on sophisticated fluid
handling systems in order to improve hygiene and also speed up the
manufacturing process. Furthermore, increasing investment in the
shale gas sector is also set to bolster the growth of the market.
By Types, the Control Valves Market has been Segmented into:
> Pneumatic Control Valves
> Hydraulic Control Valves
> Electric Control Valves
Customization @
Pneumatic control valves garnered the maximum revenue in 2014. The
extensive usage of pneumatic control valves across various sectors
including chemicals, oil and gas and petrochemicals among others is
fuelling the growth of the market. The future growth of pneumatic
control valves market is also expected to be driven by rising demand
for low cost and less complex control valves solutions across
different industry verticals.
The power sector worldwide held the largest market share among other
applications, accounting for more than 20% in 2014. The control
valves used in the power sector is mainly driven by investments in
the emerging economies such as China, India and Brazil. Countries
like India and China are improving their infrastructure as a result
of the improving economic conditions. The rapid expansion in the
economies of these countries has resulted in additional power
requirements especially in the manufacturing sector. These factors
are expected to positively impact the market in the coming years.
Free Sample Research Report can be obtained at:
About TMR
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company, providing global business information reports and services.
Our exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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