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The Control Valves market size was $6.6 billion in 2021 and is expected to grow at a CAGR of 6.0% during the forecast period 2022-2027.
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Control Valves Market Market size, Industry outlook, Market Forecast, Demand Analysis, Market Share, Market Report 2022-2027 Contact: VenkatReddy sales@industryarc.com (+1) 970-236-3677
DownloadPDF Brochure • The Control Valves market size was $6.6 billion in 2021 and is expected to grow at a CAGR of 6.0% during the forecast period 2022-2027. Growth of the Control Valves market can be attributed to the increasing application of control valves in food & beverage, oil and gas, utilities, pharmaceutical, chemical and other industries and adoption of Internet of Things (IoT) technology in the process industries. • Increasing demand for HVAC systems from a number of industries contributes to the increased market size of the control diaphragm valves and plug valves. Contact: (+1)970-236-3677 InquiryBefore Buying Email:sales@industryarc.com
DownloadPDF Brochure • Key Takeaways • North America dominated the Control Valves market owing to high adoption of automation technologies in industries combined with stringent regulations in 2021. • Implementation of advanced technologies such as IoT, artificial intelligence and automation technologies in manufacturing industries have been increasing the deployment of control valves. Integration of control valve actuators with these technologies set to drive the market. • High investment for adoption of automation technologies in industries is a major challenge which hampers the growth of the market. Contact: (+1)970-236-3677 InquiryBefore Buying Email:sales@industryarc.com
DownloadPDF Brochure By Accessories - Segment Analysis Actuators dominated the process automation control market with a major share 43.6% in 2021. Introduction of IoT and automation technologies in various industries is set to propel the demand for Control Valves. In control valves, the actuators can fully rotate its head by 360° which allows flexible installation and optimization. This helps in reducing overall installation cost and optimizes the incorporation of actuators in manufacturing processes, thereby fueling the market growth. Contact: (+1)970-236-3677 InquiryBefore Buying Email:sales@industryarc.com
DownloadPDF Brochure • Control Valves MarketIndustry Outlook • Emerson Electric Co • Flowserve Corporation • Weir Group • Curtiss-Wright Corporation • Honeywell International Inc • Schlumberger Limited • IMI plc • Crane Co • KITZ Corporation • Metso Corporation Contact: (+1)970-236-3677 InquiryBefore Buying Email:sales@industryarc.com
DownloadPDF Brochure Control Valves Market- Forecast(2022 - 2027) LearnMoreAbouttheReport @ https://www.industryarc.com/Report/10625/control-valves-market.html Contact: (+1)970-236-3677 InquiryBefore Buying Email:sales@industryarc.com
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