Fact.MR’s 4-pointer insightful forecast on how global control valve market will expand till 2026 

By OEM Update Editorial December 20, 2019 3:16 pm

Advancements in automatic control technology has instrumented the increasing applications of mechanical control components such as control valves. Several industrial processes are being automated, and control valves are being used to control the flow of fluids. New control valves are being equipped with smart technologies and high-tech sensors that can gauge the pressure, liquid level and temperature effectively. Manufacturers are also working towards increasing the accuracy of control valves in measuring as well as controlling the flow rate directly.

Increasing industrialisation and growing use of pneumatics in mechanical processes will drive the adoption of control valves to a considerable extent. The global control valve market will register expansion at a 5.4percent CAGR in terms of volume over, the forecast period. By the end of 2026, control valves worth over US$ 15.5 Bn are expected to be sold across the globe.

4 Key Insights from Fact.MR’s Forecast

The report has provided loads of objective information on the forecast expansion of the global control valve market for the forecast period, the highlights of which follow:

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