TechNavio recognizes the following companies as the key players in the Global Control Valve Market: Emerson Electric Co., Flowserve Corp., MIL Controls Ltd., and Pentair Ltd.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The Global Control Valve market is witnessing a transition from the use of conventional valve types to automatic control valves. The demand for automatic valves is expected to grow due to its increasing need in the process industries. Many process industries have begun to adopt automated control valves to improve the operational efficiencies in their industrial production processes. Since automated control valves provide more operational efficiency compared to traditional control valves, the market is experiencing an increasing demand for them.”
According to the report, the increasing demand from developing countries is one of the major drivers in the market. Many developing countries such as India, China, Brazil, and countries from the Middle East have been increasingly creating demands for control valves, primarily because of the growing presence of Process industries in these countries.
Further, the report states that the high cost of raw materials is one of the major challenges faced by the Global Control Valve market. As a result of the increasing price of raw materials such as steel, cast iron, and alloys, the cost of control valves becomes very high. This high cost leads to a low adoption of control valves, which in turn decreases the revenue of control valve manufacturers.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are AUMA Riester GmbH and Co. KG, CIRCOR International Inc., Dorot Control Valves Inc., Instrumentation Ltd., Metso Corp., Nihon KOSO Co. Ltd., Ross Valve Manufacturing Co., Rotork plc, and Suzhou Delan Energy Science and Technology Co. Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-control-valve-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report “ Global Control Valve Market 2012-2016
