World Control Valves Market is Growing at CAGR of 5.56% During 2016 to 2020

PUNE, India, December 9, 2016 /PRNewswire/ --

The global control valves market analyst says many industrial valve vendors are developing next-generation valves with additional capabilities to increase their foothold in the competitive market. These recent products have threaded bonnets, a floating polytetrafluoroethylene diaphragm, and a zero minimum operating differential design that provide substantial benefits over the conventional valves. The new valves are gaining popularity as they can deliver 60% higher flow rates and longer operational life, and have a wide temperature range and pressure handling ability that can improve the efficiency of industrial production processes.

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The analysts forecast global control valves market to grow at a CAGR of 5.56% during the period 2016-2020. According to the control valves market report; there is increased demand for high quality and uncontaminated water for domestic consumption purposes. Though advanced economies have a well-developed infrastructure for water production, they lack effective supply facilities, resulting in impurities polluting the water during conveyance. This has led to several European countries shifting their focus toward improving municipal water treatment infrastructure. For example, both Germany and the UK are investing heavily in developing municipal water treatment infrastructure by 2020.

The sliding shaft segment accounted for the major shares and dominated the control valves market during 2015. The high reliability of the sliding shaft control valves and low costs will result in their increased adoption in various end-user industries such as oil and gas, and chemicals and petrochemicals. Also, the growth of the power generation sector across the world and the increased adoption of diaphragm valves by the food and beverage industry will drive the growth of control valves market segment in the coming years

The power generation and management industry will be the major end-user segment for control valves market throughout the next four years. The repair and refurbishment of the existing power infrastructure due to the introduction of stringent environment regulations in the US and several European countries to reduce carbon emissions will drive the growth of the control valves market during the next four years.