The control valve market was valued at USD 11.4 billion by 2024, registering a CAGR 6.9% during the forecast period (2018 – 2024).

Control valves play a significant role in increasing profitability, efficiency and safety of process industries. The providers of control valves are persistently upgrading and evolving their technology and research and development events in order to meet the ever-changing demands of the manufacturers of several different industries.

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With an ever-increasing population, the demand for energy is also being affecting in a positive way and is growing at a substantial proportion.

On the basis of application, the global control valves market is segmented into water and wastewater, pharmaceuticals, oil & gas, chemicals, food & beverages, automotive, energy and power, building and construction, and others.

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Asia-Pacific has been generating the largest revenue in 2017 and is further projected to generate the largest revenue by 2024 in the global control valves market.

Some of the key players in the global control valves market include Burkert Fluid Control System, Curtiss-Wright Corporation, Emerson, Flowserve Corporation, Crane Co., Alfa Laval, Velan Inc., Samson AG, Pentair PLC., and Kitz Corporation.

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