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.
Complete report on control valves market spread across 89 pages, analysing 4 major companies and providing 52 data exhibits now available at http://www.reportsnreports.com/reports/779232-global-control-valves-market-2016-2020.html.
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.
The following companies are the key players in the global control valves market: Curtiss-Wright, Emerson Electric, Flowserve, and Weir Group. Other prominent vendors in the market are: Alfa Laval, GE, IMI, KSB, L&T Valves, Neway Valve (Suzhou), Valvitalia Group, Velan, and Watts Water Technologies. Order a copy of Global Control Valves Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=779232.
Global Control Valves Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global control valves market for 2016-2020. To calculate the market size, the report considers the demand for control valves from various end-user segments. The average price of various types of control valves has been considered to determine the market size.
Another related report is Global HVAC Valves Market 2016-2020, a key growth driver is the increased spending on construction in emerging economies. Strong economic growth in the emerging Southeast Asian nations and increased budget allocation in construction activities indicate long-term growth for the infrastructure industry in the region. For instance, Indonesia increased its fund allocation toward infrastructure development by 13% from $20.91 billion in 2015 to $23.71 billion in 2016.
World Control Valves Market is Growing at CAGR of 5.56%
