Dalian Xiangrui Valve Manufacturing Co., Ltd.
2021-03-19
The control valve market is moderately competitive, with several major players. With the growing demand for control valves, many new companies are also developing customers in emerging economies, striving to increase their market share. Control valves can be categorized by valve design type (globe valves, ball valves, butterfly valves, angle valves, diaphragm valves, others), end-user industry (oil and gas, chemicals, energy and power, pharmaceuticals, food and beverage, other end-user industries), and region. Market Overview In 2020, the control valve market was valued at $10.12 billion, and it is projected to reach $12.19 billion by 2026, exhibiting a CAGR of 3.67% during the forecast period (2021-2026). Investments in pipeline and infrastructure development are expected to stimulate market demand for control valves during this period. Major industries such as oil and gas and pharmaceuticals are moving towards valve technologies with embedded processors and internet connectivity for coordinated operation via a central control station and complex monitoring technology. Furthermore, the rapid growth in the number of solar power plants and the advancement of renewable energy projects have expanded the application areas of control valves. Expansion of the US power infrastructure and natural gas supply are also expected to lead to the construction of several new combined cycle gas turbine (CCGT) plants, further driving demand for control valves during the forecast period. Scope of the Report Control valves regulate the flow of fluids such as gases, steam, water, or compounds to compensate for load disturbances and bring the process variables as close as possible to the desired setpoint. Control valves are the most important part of any process control loop because they are critical to the overall performance of the process, especially in processes where reliability and productivity are primary goals. By End-Use Industry: Control valves can be categorized into: oil and gas, chemicals, energy and power, pharmaceuticals, food and beverage, and other end-user industries. By Region: North America (US, Canada), Europe (UK, Germany, France, Italy, Rest of Europe), Asia Pacific (China, Japan, South Korea, India, Rest of Asia Pacific), Latin America (Mexico, Rest of Latin America), and the Middle East and Africa.
Contact us
Phone:0086-411-86734112
Phone:0086-411-86735038
Phone:0086-411-86735010
Fax: 0411-86735468
Ms. Han:0086-15309815938
Ms. Song:0086-8098804580
Email:xiangrui@dl-xiangrui.com
Address: No. 12, Xinfeng Street, Ganjingzi District, Dalian City, Liaoning Province
Contact us
Phone:0086-411-86734112
Phone:0086-411-86735038
Phone:0086-411-86735010
Fax: 0411-86735468
Ms. Han:0086-15309815938
Ms. Song:0086-18098804580
Email:xiangrui@dl-xiangrui.com
Address: No. 12, Xinfeng Street, Ganjingzi District, Dalian City, Liaoning Province
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