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.
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Demand for control valves is also projected to remain high in the
global pharmaceutical industry owing to increased investments by
pharmaceutical companies towards the development of sophisticated
fluid handling systems for improving hygiene and speeding up
manufacturing processes.Of the key regional markets for control
valves, which include North America, Asia Pacific, Europe, and Rest
of the World, the market for control valves in North America held the
largest share in 2014, by accounting for more than 37%. Asia Pacific
followed with a 23% share in the global market in the same year.
In order to meet the increasing demand of processed foods from the
emerging markets like China. India and Brazil, the food processing
industry is challenged with the uphill task of producing their
products faster than ever before. This resulted in the growing demand
for control valves to ensure efficient food processing and control
processing environments. Furthermore, the demand for control valves
also is expected be high in the pharmaceutical industry as various
pharmaceutical companies are investing in sophisticated fluid
handling systems in order to speed up the manufacturing process.
Deploying efficient control valves systems ensures improvement of
hygiene during the manufacturing process and reduces the scope of
leniency regarding safety issues. Increased numbers of industrial
infrastructure projects in developing countries coupled with
increasing investments in the shale gas sector are also expected to
boost the demand for control valves during the forecast period.
Some of the major players in the market are: Emerson Electric Co.
(U.S.), Flowserve Corporation (U.S.), Metso Corporation (Finland),
MIL Control Limited (India), Pentair Plc (UK), General Electric
Company (U.S.), Samson AG (Germany), Crane Fluid Inc (U.S.), IMI Plc
(UK) and Velan Inc. (Canada) among others.
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