Growing investment in the oil and gas sector is set to boost the global control valves market in the ensuing years, as the industry commences its journey out of the adverse impacts of the global economic recession. Surging demand for resources around the world, and increased investment across emerging economies such as India and China, would reinstate requirement of clear potable water supply, leading to enhanced hydrocarbon investment.
The aforementioned factors coupled with increasing demand for power especially in African and sub-Saharan areas is likely to boost the global control valves market at a positive 6.02% CAGR between 2013 and 2018. The global control valve market is expected to reach US$10 billion by 2108, as against its market value of US$6.34 billion in 2012. For the purpose of study, the report segments the control valves market into sliding stem control valves and rotating shaft control valves in terms of the product types.
The report presents a comprehensive overview of the global control valves market. It includes information obtained from industrial sources such as financial records of leading players, historical contexts, prevalent market trends, and insights from industry experts. Based on information sourced through primary and secondary research methods, the report lays down the growth drivers and evaluates potential restraints and growth opportunities for the market. To study and measure the market competitiveness, the report also profiles the leading players in the control valves industry.
Overview of the Control Valves Market
Control valves are primarily used to control temperature, pressure, and level of liquid. Owing to the functionalities they offer, control valves are increasingly used in industries that require to maintain the flow and level of liquid. Heightened use of control valves across petrochemicals, petroleum, and chemicals industries is likely to boost the global control valves market.
In order to attain operational efficiency, leading players in the oil and gas sector have increased their investment, which in turn has propelled the global control valves market. Control valves find application right from the extraction of gas and crude oil, till it reaches the end customers via oil terminal depots and refineries. Increased hydrocarbon investment in Asia Pacific spurred by the rapid economic development in the region has also positively contributed to the expansion of the global control valves market.
Among the key geographic segments, North America and Europe are considered as mature markets for control valves. Hence, it is most likely that these regions would register average to low rate of growth as the regional markets of control valves. Middle East is one of the leading producers in the global crude oil and gas industry due to which the region will spearhead the global control valves market over the forecast period.
Despite registering a positively growing demand, the global control valves market will encounter challenges of setting up of an efficient supply and logistics system. Moreover, the market will also face troubles in coping with the changing preferences of the industry-clients. Nevertheless, innovation and technological advances are expected to create opportunities for the leading players in the market to capitalize on in the near future.
Companies mentioned in the research report
To study the prevailing competition in the market, the report profiles some of the leading companies such as Emerson Electric Co., Emerson Process Management, The AVK Group, Velan Inc., and others
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments