The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Control Valve Global Market Report 2023, the control valve market is expected to show significant growth in the forecast period.

Key insights from the control valve market forecast include:

1. Market Size

The global control valve market is expected to grow from $5.97 billion in 2022 to $6.73 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The global control valve market size is expected to grow to $10.68 billion in 2027 at a CAGR of 12.2%.

2. Major Driver

The expanding oil and gas and power sectors are projected to drive control valve market expansion in the coming years. For example, according to the Energy statistics Administration – EIA, a US-based provider of energy statistics, crude oil production in the United States in 2022 will increase by 14.05% to 11,316 barrels per day, up from 9,925 barrels per day in 2021. In addition, electrical net generation in the United States in September 2022 increased by 0.9% from 2021 to 350,920 thousand MWh. As a result, the expanding oil and gas and power sectors are propelling the control valves market forward.

View More On The Control Valve Market Report 2023 – https://www.thebusinessresearchcompany.com/report/control-valve-global-market-report

3. Key Trend

Technological advancements are a prominent trend in the control valve industry. To enhance their position in the control valve market, major players are focusing on developing innovative technological solutions. For example, Emerson Electric Co., a US-based firm that produces products and provides engineering services, introduced the ASCO Series 158 Gas Valve in February 2020, which is projected to improve the safety and reliability of combustion systems. The redesigned valve enables a safe shutoff in the event of a fuel train system breakdown and avoids the need for additional safety components.

4. Major Players

Major players in the control valve market are Schlumberger Limited, Samson AG, Velan Inc., Curtiss-Wright Corporation, Crane Holdings Co., Alfa Laval AB, IMI Plc., Flowserve Corp., Emerson Electric Co., General Electric Company, Burkert Fluid Control Systems, Kitz Corporation, Neway Valve, Cla-Val, Apollo Valves, Arca Regler Gmbh, Lapar Control Valve, and Taylor Valve Technology Inc.

5. Top Market Segments

The global control valve market is segmented –
1) By Type: Linear, Rotary
2) By Component: Valve Body, Actuator, Other Components
3) By Material: Stainless Steel, Alloy-Based, Cast Iron, Cyrogenic, Other Materials
4) By Industry: Oil and Gas, Water and Wastewater Treatment, Energy and Power, Pharmaceuticals, Food and Beverage, Chemicals, Building and Construction, Paper and Pulp, Metals and Mining, Other Industries

Request A Sample Of The Global Control Valve Market Report 2023:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9189&type=smp

The Control Valve Global Market Report 2023  provides an in-depth analysis on the control valve market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the control valve market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Metal Valve Global Market Report 2023
Vacuum Valve Global Market Report 2023
Industrial Automation Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model