Control Valves Market to Reach US$ 10.46 Bn by 2025; Players in End-use Industries Leverage its Potential to Automate Processes, States TMR

ALBANY, New York, Feb. 22, 2019 /PRNewswire/ -- The presence of many global and regional market players have made the control valves market extremely fragmented, and competitive, states Transparency Market Research. To gain a competitive edge in such an intense and competitive market, large multinational market players mainly focus on mergers and acquisitions with smaller and preferably regional market players. This has proven to be a successful strategy for large companies to grow their businesses in the recent past. The strategy has helped major players cement their market standing in the control valves market.

Small and large market players are also gearing up with expansion and diversification of their product portfolios through technological innovations. This strategy has reaped significant gains, especially in emerging economies. Some major players in the global control valves market are Schlumberger Limited, Emerson Electric Co., Goodwin International Ltd, Honeywell International Inc., General Electric Company, among several others.

Request to View Sample of Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=534 

According to the TMR report, the global control valves market is predicted to witness a notable growth rate of 6.4% CAGR in during 2017-2025. This market was evaluated at US$6.01 Bn in 2016. It is expected to reach US$ 10.46 Bn by the end of 2025. 

The butterfly valves segment is expected to register the fastest growth in the control valves market. This is mainly due to their key application in controlling compressed gas or air applications, and cooling water and fire protection.

Control valves market in North America is expected to continue its dominance from a global perspective, thanks to the vital application of valves in shale gas exploration. The market is expected to grow at CAGR of 5.1% and help the market gross US$ 2.936 Bn in revenues by 2025.

Request PDF Brochure of Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=534 

Expanding Power Generation Sector to Create More Opportunities

The power generation industry is expanding globally. Increasing demand for energy from consumers in this industry is expected to drive the global control valves market. The control valves market plays a crucial role in aiding the power generation sector by regulating the power generation processes. Control valves not only eliminate risks of leakages, which can be catastrophic but also aid the control of various elements such as flow rate, temperature, and pressure of fluids or steam used in different operations.