Credence Research has recently published a market research study that includes elaborative analysis which was result of an extensive research methodology for Control Valves market with estimations from 2018 to 2026. The highlights of this report are drivers, restraints and opportunities of Control Valves market, offered across the recent and estimated timeline till 2026.
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Major report takeaways are competitive landscape assessment, attractive investment proposition, and brief profiles of companies operating in Control Valves market which will give 3600 view for the market dynamics. Companies are profiled on the basis of vital data points such as business overview, financial synopsis, product/service portfolio, and news coverage accompanied with recent updates specific to Control Valves market. The cross-sectional geographical analysis covers regions such as North America (U.S & Canada), Europe (U.K., Germany & Rest of Europe), Asia Pacific (China, Japan, & Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and Middle East & Africa (GCC & Rest of Middle East & Africa).
Key research study highlights comprise:
- Exhaustive research and analysis of the global Control Valves industry
- The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
- Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Control Valves market is also covered in the report
- Key players operating in the market are profiled and accompanied with the competitive landscape evaluated on the basis of product offering & business strength
- Cross sectional analysis of each region covering individual segments for the forecast period 2016 – 2018 in terms of value (US$Mn)
Research methodology applied for this study:
Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global Control Valves market specific to key segments, and regional segmentation.
- Secondary Research
Secondary research was initiated with data collected through sources such as press releases, company annual reports, and relevant documents focusing on the current developments in the global Control Valves market. Authentic sources such as university research papers, scientific journals, and government websites were similarly screened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in Control Valves market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of Control Valves market study.
- Primary Research
The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help of e-mail interactions, telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.
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The participants tracked for primary interviews include:
- Marketing/product managers
- Vice President/ CEOs
- National sales managers
- Market intelligence managers
- Purchasing managers
- Other stakeholders
On the basis of industry vertical, the global control valves market is segmented into following categories:
- Oil & Gas
- Power Generation
- Food & Beverages
- Wastewater Management
Their contribution to the global control valves market in 2016 is as shown in the figure below:
As of 2016, the overall control valves market is led by the power generation segment. The segment contributes to more than 25% of the total market revenue, as of 2016. Countries such as India and China are expected to require additional energy in the coming years. The power generation segment is followed by the oil & gas segments, in terms of revenue and volume. Increased investment in the oil & gas sector is one of the primary factors driving the growth of the control valves market. Shale gas exploration activities in North America has further contributed to the growth of the oil and gas segment.
In the recent past, there has been a rising demand for the upgrading of wastewater management facilities, as a result of increasing focus towards efficient and safe waste water collection and disposal facilities. Moreover, the demand for control valves is anticipated to be robust in the pharmaceutical industry. Various pharmaceutical companies are investing on sophisticated fluid handling systems which in turn is creating the demand for control valves. The automotive segment is expected to witness a high growth rate in the forecast period, mostly due to the growing demand for electric vehicles. Coolant flow control valves find application in electric vehicles for shutting off and regulating the coolant flow and also switching over coolant circuits.
Based on the geography, the global control valves market is segmented as per following regions and countries:
- North America
- Rest of Europe
- Asia Pacific
- South Asia
- Rest of Asia Pacific
- Rest of the World (RoW)
- Middle East & Africa (MEA)
- Latin America
The global control valves market is dominated by the Asia Pacific region. As of 2016, the region accounts for more than forty percent of the overall market revenue generated worldwide. The control valves market here is majorly attributed to an increased hydrocarbon investment and investment in industrial infrastructural development projects in developing countries such as China and India. The region also houses some of the largest automobile companies.
Asia Pacific is expected to maintain its dominance throughout the forecast period; thanks chiefly to its huge automotive sector. Moreover, the region has also witnessed an increase in wastewater management activities in the recent years. Asia Pacific is followed by the North America region where the presence of a large number of oil & gas projects is contributing to the growth of the market. Moreover, the North America region has also witnessed an increase in shale gas exploration in the last few years.
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