Control Valves Market

According to a new market report published by Transparency Market Research Control Valves Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021 was valued at US$7.74 bn in 2014 and is estimated to grow at a CAGR of 7.0% and reach US$12.14 bn by 2021.Control valve is equipment which manipulates the flow of fluids, such as steam, water, gas or chemical compounds. Increasing investment in fluid handling technology across oil and gas sector coupled with the growing requirement of industrial process controls across different industry verticals is driving the growth of the control valves market.

Browse the full Control Valves Market Report at http://www.transparencymarketresearch.com/control-valves-market.html

Moreover, control valves are increasingly deployed in pipeline installations projects which are further fuelling the growth of the market. The demand for control valves is also expected to remain high in the pharmaceutical industry as various pharmaceutical companies are investing on sophisticated fluid handling systems in order to improve hygiene and also speed up the manufacturing process. Furthermore, increasing investment in the shale gas sector is also set to bolster the growth of the market. These factors in overall are expected to positively impact the growth of control valves market during the forecast period from 2015 to 2021.

By types, the market has been divided into three segments, namely pneumatic control valves, hydraulic control valves and electric control valves. Pneumatic control valves garnered the maximum revenue in 2014. The extensive usage of pneumatic control valves across various sectors including chemicals, oil and gas and petrochemicals among others is fuelling the growth of the market. The future growth of pneumatic control valves market is also expected to be driven by rising demand for low cost and less complex control valves solutions across different industry verticals.By applications,...