Global Control Valve market to reach $11.76 Billion by 2023.

SHARE:

A globe valve is a linear motion valve, which is primarily designed to stop, start, and regulate flow. The disk of a globe valve can be removed from the flow path, or it can completely close the flow path. Conventional globe valves may be used for throttling and isolation services. Although these valves exhibit slightly higher pressure drops than other valves, like gate, plug, ball, etc., they may be used where the pressure drop through the valve is not a controlling factor. Globe valves are extensively employed to control flow.



The global control valve market was valued at USD 9.76 billion in 2017 and is expected to register a CAGR of 3.67% during the forecast period of 2018-2023, to reach USD 11.76 billion. These valves are extensively used across various industries as they are utilized for controlling fluid flow by varying the size of the flow passage as directed by a signal from a controller. Types of control valves considered under the scope of our study include globe, angle, diaphragm, ball, butterfly, and choke. Oil & gas, power generation, and chemical industries are a few of the end-user verticals considered, while the scope of our study is geographically limited to North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa.

Increasing need for wireless infrastructure to maintain/monitor equipment in various plants, rising demand for control valves for oil and gas and sub-sea applications, new oil explorations and revamp of old sites in the Middle East are expected to remain the major driving factors during the forecast period. However, high initial investments in valve projects, coupled with the downtime due to the repairing of valves is expected to hinder the overall market growth.

Globe Valves Expected to Hold the Largest Market Share

A globe valve is a linear motion valve, which is primarily designed to stop, start, and regulate flow. The disk of a globe valve can be removed from the flow path, or it can completely close the flow path. Conventional globe valves may be used for throttling and isolation services. Although these valves exhibit slightly higher pressure drops than other valves, like gate, plug, ball, etc., they may be used where the pressure drop through the valve is not a controlling factor. Globe valves are extensively employed to control flow. The range of flow control, pressure drop, and duty must be considered in the design of the valve to avert premature failure and to assure satisfactory service. Globe valves are being extensively employed as these valves have both good throttling and shutoff capabilities, coupled with the ability to be used as a stop-check valve if the disc is not attached to the stem.


There is an increasing trend toward automation and digitalization in the conventional process industries, leading to higher demand for control valves in the country. Suppliers are focusing on product development through either joint ventures or strategic partnerships to take advantage of the opportunities afforded by such projects. The economic growth in India is among the highest in the world, helped by a reorientation of government spending toward needed public infrastructure. Presently the exports from the Indian automation sector is less than 5% of its annual sales and limited to the Middle East and some extent Southeast Asia, while the aim is to achieve an export target of 20% of the yearly production in value terms. In the energy sector, an emphasis is being given to the electrical automation, transmission, and distribution by way of implementing SCADA, and smart grids. Electricity generation and demand in the country is growing at a significant pace. With the advent of Industry 4.0, the energy sector is looking to integrate automation in energy generation to streamline the process, which is expected to drive the adoption of control valves.

COMMENTS

Top 5 Online Courses on Udemy Starts $10

1. Control Valve 101
2. Become an Expert in Piping Valves
3. Expert in Piping Components for Oil & Gas
4. Pneumatic Control and Sizing Actuators
5. Smart Plant Instrumentation







NEWS$type=carousel$snippet=hide$cate=0$count=10$show=post

B2B$type=carousel$snippet=hide$cate=0$count=10$show=post

Name

3D printing,1,ABB,4,Accuracy,4,Actuators,20,agile,1,Allen Bradley,1,analytics,6,ASCO,2,Auma,2,Autodesk,1,automation,1,B2B,42,Ball Valves,15,bigdata,15,Bosch Rexroth,2,BP,1,brand awareness,12,brand building,3,brand building.,4,Business Intelligence,2,Butterfly Valves,8,Buying Cycle,2,Case Studies,10,check valves,2,Cisco,6,cloud,10,compressors,2,connected manufacturing,3,content marketing,35,Content writing,3,Control Valve,22,Coriolis,2,CRM,2,Customer Experience,1,data center,11,Dell,3,demand generation,17,Digital,4,digital marketing,12,digital surveillance,1,efficiency,11,Electrical,12,Emerson,10,Endress+Hauser,3,Energy,33,Energy Efficiency,22,Energy Management,18,engineering,4,enterprise mobile,3,enterprise software,9,Entrepreneurship,1,EPC,9,ERP,9,ERP.,1,Event marketing,1,factory automation,2,field area network,1,Fisher,6,flow measurement,5,flowmeters,3,Flowserve,1,Gate Valve,5,GE,6,Globe Valves,11,HANA,2,Honeywell,5,Human Resources,1,Hydraulic,3,IBM,4,inbound marketing,7,industrial,1,Industrial Automation,24,industrial switching,1,industrial water,4,Infosys,1,Instrumentation,39,internet of things,2,iot,1,isometric,1,IT,3,ITES,1,leadgeneration,18,leak detection,1,level,2,level measurement,1,Linkedin,2,M2M,1,maintenance,1,manufacturing,32,measurement,1,Metso,5,Mindtree,1,Mining,1,Mitsubishi Electric,2,mobility,20,motors,1,My Success Story,1,Netsuite,2,News,20,NX,1,NX CAE,1,offshore,4,Oil and Gas,74,online marketing,1,Oracle,11,p&id,1,Pepperl Fuchs,2,Petrochemical,50,Petrochemicals,1,pharma,1,Phoenix Contact,1,pipeline management,4,Piping Design,13,PLM,9,Pneumatic,6,power generation,8,predictive,1,Process Automation,21,process industries,1,product design,2,product marketing,6,productivity,13,productlifecycle,7,pumps,1,Q and A,1,realtime,1,refinery,10,reliability,5,renewable,1,robotics,1,Rockwell,6,Rosemount,4,Rotork,5,SaaS,4,safety,1,Safety Valves,7,Salesforce,1,SAP,25,scalabe,3,Schneider Electric,3,search marketing,1,Sensors,1,Shale Gas,1,Siemens,11,smart grid,1,socialmedia,11,Socialselling,9,Software,27,Spirax,1,Spirax Sarco,1,Startup,1,Steel Plant,3,Subsea,1,supply chain,3,TCO,1,TCS,4,Teamcenter,1,technology,10,telecom,1,temperature control,1,tradeshows,2,training workshops,1,ultrasonic level,3,Upstream,1,Utilities,2,valves,28,Velan,2,Venture Capital,1,videos,33,volume flow,2,vortex,3,wastewater,2,water,2,water purification,1,web marketing,3,wireless,2,
ltr
item
Valve Solutions: Global Control Valve market to reach $11.76 Billion by 2023.
Global Control Valve market to reach $11.76 Billion by 2023.
A globe valve is a linear motion valve, which is primarily designed to stop, start, and regulate flow. The disk of a globe valve can be removed from the flow path, or it can completely close the flow path. Conventional globe valves may be used for throttling and isolation services. Although these valves exhibit slightly higher pressure drops than other valves, like gate, plug, ball, etc., they may be used where the pressure drop through the valve is not a controlling factor. Globe valves are extensively employed to control flow.
https://2.bp.blogspot.com/-upEnUWLg-Uo/W6IkfBUftuI/AAAAAAAAJHM/q8XeqA76cUARBUI8MaRw0gIAqI3g3zQbACLcBGAs/s640/bp176.jpg
https://2.bp.blogspot.com/-upEnUWLg-Uo/W6IkfBUftuI/AAAAAAAAJHM/q8XeqA76cUARBUI8MaRw0gIAqI3g3zQbACLcBGAs/s72-c/bp176.jpg
Valve Solutions
http://amruthatechnologies.blogspot.com/2018/09/global-control-valve-market-to-reach.html
http://amruthatechnologies.blogspot.com/
http://amruthatechnologies.blogspot.com/
http://amruthatechnologies.blogspot.com/2018/09/global-control-valve-market-to-reach.html
true
8529688681595514222
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy