Control Valve Market and its Technological Advancements Exploring the Efficiency and Performance At a CAGR of 7.0 % by 2027

Control valves play a crucial role in various industries by regulating the flow, pressure, temperature, and level of fluids such as gases, liquids, and steam within a system. They are used in a wide range of applications, including oil and gas, power generation, water treatment, chemical processing, pharmaceuticals, and manufacturing.

Control valves are designed to control the flow rate of fluids or gases in a system to achieve a desired setpoint. They modulate the flow by adjusting the position of a valve closure member, which can be a ball, plug, butterfly, or globe-shaped disc, in response to signals from a control system.

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In addition, implementation of automation technologies has assisted in reducing wastage of liquids passing through pipes and valves, which result in reduction of costs. Various industries adopt automation and control technologies by upgrading their pre-installed industrial valves, which, in turn, drives the market growth. Furthermore, focus on increasing production of oil & gas in North America has created a high demand for control valves in the region. Investments for extraction of oil & gas has propelled substantially, which has led to infrastructural development. This is expected to create massive demand for control valves, which would boost growth of the market. 

Key Segments:

The global control valve market is segmented on the basis of type, operation, application, and region. On the basis of type, the market is divided into linear, and rotary. The linear segment had the highest revenue in 2019. On the basis of operation, it is classified into pneumatic control valve, hydraulic control valve, and electrical control valve. The pneumatic control valve segment had the highest revenue in 2019. On the basis of application, the market is divided into electrical power, oil & gas, water & wastewater, automotive, pharmaceuticals, mining, chemicals, food & beverages, and others. The water & waste-water management segment had the highest revenue in 2019. 

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Regional Analysis:

Region wise, the global control valves market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

Key Players:

The key players profiled in the control valve market report include Crane Co., include Crane Co., Alfa Laval Corporate AB, Emerson Electric Co., Flowserve Corporation, Schlumberger Ltd, Metso Corporation, KSB SE & Co. KGaA, KITZ Corporation, Samson Aktiengesellschaft, and Velan Inc. 

It's worth noting that control valve technology continues to evolve, with advancements in digital control systems, smart valve positioners, and Industrial Internet of Things (IIoT) integration. These developments aim to improve control accuracy, reliability, and predictive maintenance capabilities for enhanced process control and efficiency.

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