Control valves are used in process industries such as oil and gas, water management, chemicals, power generation, automotive, mining, pharmaceuticals, food and beverages to regulate process variables such as flow rate, temperature, pressure and liquid level. .. Control valves play an important role in increasing the efficiency, safety and profitability of these process industries. In addition, control valve manufacturers are constantly engaged in R & D activities to design products to meet changing requirements in different industries.
MARKET DYNAMICS
The widespread use of automation throughout the power industry is driving the demand for components that effectively regulate pressure, temperature, and other factors. Manufacturers are expanding their ability to design control valves to meet the future needs of end-use industries such as the power industry. A new design has been incorporated to increase the efficiency of the control valve by allowing direct flow control and processing liquid level, temperature, and pressure information.
MARKET SCOPE
The "Global Control Valve in Power Industry Market Analysis to 2028" is a specialized and in-depth study of the control valve in power industry market with a special focus on the global market trend analysis. The report aims to provide an overview of the control valve in power industry market with detailed market segmentation by motion, component, application, and geography. The global control valve in power industry' market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading control valve in power industry market players and offers key trends and opportunities in the control valve in power industry' market.
MARKET SEGMENTATION
The global control valve in power industry' market is segmented based on motion, component, and application. Based on its motion, control valve in power industry' market can be segmented into linear and rotary. Based on component, control valve in power industry market can be segmented into actuator, valve body and others. Based on application, control valve in power industry market can be segmented into flow control, pressure control and others.
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IMPACT OF COVID-19 ON CONTROL VALVE IN POWER INDUSTRY MARKET
The blockade imposed by the COVID-19 pandemic has temporarily banned import / export, manufacturing and processing activities in various industries and utilities, reducing electricity demand from these consumers. In addition, the construction and freezing of new power infrastructure, renewable power plants, grids and other power plants due to labor unavailability and widening supply-demand gaps is projected to impede market growth during the pandemic.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Control Valve in Power Industry Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Control Valve in Power Industry Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Control Valve in Power Industry Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the control valve in power industry market in these regions.
MARKET PLAYERS
The reports cover key developments in the control valve in power industry market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from control valve in power industry market are anticipated to lucrative growth opportunities in the future with the rising demand for control valve in power industry market. Below mentioned is the list of few companies engaged in the control valve in power industry market.
The report also includes the profiles of key control valve in power industry market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Emerson Electric Co.
- Eaton Corporation Inc.
- Okano Valve Mfg. Co. Ltd.
- TPR Co. Ltd
- Azbil Corporation
- SMC Corporation
- Bucher Hydraulics GmbH
- SPX Flow
- Albert Richter GmbH & Co. KG
- AST S.p.A
- Terranova S.r.l.