Control valves play a significant role in increasing the profitability, efficiency, and safety of process industries. The providers of control valves are persistently upgrading and evolving their technology and research and development events in order to meet the ever-changing demands of the manufacturers of several different industries.

It has been observed that the demand for control valves is greater in the pharmaceutical industry and expanding population along with high energy demand is expected to bolster the growth of the control valves market in the near future.

The control valves are extensively being used for regulating process variables such as temperature, flow, fluid level, and pressure in the process industries such as chemicals, oil & gas, power generation, food & beverages, mining, water management, and pharmaceuticals segment.

The global control valves market is segmented into manual control valve, hydraulic control valve, electric control valve, pneumatic control valve. Among all these, the pneumatic control valves held the largest share in the market in 2021 in terms of value.

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Growing investments in fluid handling technology in the pharmaceutical and oil & gas industries is expected to drive the growth of the global control valve market. It has been observed that the companies operating in the pharmaceutical segment are looking for fluid handling systems that enable them in improving hygiene and speeding up their activities in an efficient manner.

increasing demand for efficient and safe waste disposal facilities and waste collection is another factor that is pertaining to drive the growth of the global control valves market. It has been observed that in India the health and safety guideline along with waste management projects such as redevelopment and closure projects in southern India are getting updated as a result of which the control valves market is growing at an exponential rate.

Geographically, Asia Pacific has been generating the largest revenue in 2021 and is further projected to generate the largest revenue by 2027 in the global control valves market.

Burkert Fluid Control System, Curtiss-Wright Corporation, Emerson, Flowserve Corporation, Crane Co., Alfa Laval, Velan Inc., Samson AG, Pentair PLC., and Kitz Corporation.

Source: VynZ Research