CONTROL VALVE GLOBAL MARKET FORCAST TO 2023

Control Valves Market by Size, Product (Linear, and Rotary Valves), Industry (Oil & Gas, Water & Wastewater, Energy & Power, Chemical, Food & Beverage, Pharmaceutical), Component (Actuators, Valve Body), and Geography - Global Forecast to 2023.

The control valves market was valued at USD 6.78 Billion in 2016 and is expected to reach USD 9.88 Billion by 2023, at a CAGR of 5.33% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period provided is between 2017 and 2023. The objective of the report is to provide a detailed analysis of the market based on component, product, size, industry, and region; information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges); and a detailed value chain analysis. Moreover, its objective is to strategically profile key players and comprehensively analyze their market share and core competencies, along with detailing the competitive landscape for the market leaders; and to analyze competitive developments such as joint ventures, mergers & acquisitions, and product launches, along with research and development (R&D) in the control valves market.

The research methodology used to estimate and forecast the size of the control valves market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources referred to for this research include information from various journals and databases such as IEEE journals, Factiva, Hoover’s, and OneSource. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the control valves market from the revenues of the key players in this market. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. After arriving at the overall market size, the total market has been split into several segments and subsegments. The following illustration shows the breakdown of the primaries conducted during the research study on the basis of company type, designation, and region.