The North America control valve market was valued at US$1.982 billion in 2021 and is projected to expand at a CAGR of 5.77% over the forecast period to reach US$2.936 billion by 2028.
Rising investment in fluid handling technology in the pharmaceutical industry in order to improve hygiene and speed up the process is driving the demand for control valves in North America. Expansion of shale gas exploration activities coupled with corresponding pipeline installations will further bolster the growth of the control valve market in the region in the coming years. Technological advancements in various process industries require up gradation and replacement of older valves. Servicing requirements, thus, are also expected to escalate the growth of the North America Control Valve market during the forecast period.This research study examines the North American control valve market based on various segments: type, end-users, and geography. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model analyzes the North American control valve industry comprehensively. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.
The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the North American control valve market. Moreover, the research study analyzes the overall regulatory framework of the North America control valve sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
North America control valve Market - Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.
The scope and coverage of the North America control valve market report are as below:
- North America control valve market data tables and charts
- Market outlook with sections on drivers, restraints, Porter’s, and industry value chain analysis
- Market assessment by type into hydraulic, pneumatic, and electric.
- In-depth analysis of the North America control valve market by end-user into oil and gas, energy and power, waste and wastewater, mining, and others.
- A 360 degree view of the demand for North America control valve solutions/services across key countries within the region (USA, Canada, Mexico, and others).
Different segments covered under the North America control valve Market report are as below:
By Type
- Hydraulic
- Pneumatic
- Electric
By End Users
- Oil and Gas
- Energy and Power
- Water and Wastewater
- Mining
- Others
By Geography
- United States
- Canada
- Mexico
- Others
Table of Contents
Companies Mentioned
- General Electric
- IMI PLC
- Velan, Inc.
- Emerson Process Management
- Flowserve Corporation
- Larsen & Toubro Limited
- Neles Corporation
- Richards Industrials
- SAMSON USA
Methodology
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Table Information
Report Attribute | Details |
---|---|
Published | May 2023 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 1.98 billion |
Forecasted Market Value ( USD | $ 2.94 billion |
Compound Annual Growth Rate | 5.7% |
Regions Covered | North America |
No. of Companies Mentioned | 9 |