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The control valves market size is forecast to increase by USD 2.77 billion at a CAGR of 5.33% between 2023 and 2028. The market is experiencing significant growth due to increasing demand in various industries, including petrochemicals, petroleum, power generation, process plants, pulp & paper, and renewable energy. In the petrochemicals industry, the need for precise pressure control in production processes is driving the demand for advanced control valves. In the petroleum sector, the rising demand for oil and gas is leading to increased investments in fluid handling infrastructure, which in turn is boosting the market. In the power generation sector, the shift towards renewable energy sources is creating new opportunities for control valves in renewable energy projects. Meanwhile, in the water industry, the need for reliable valves to ensure potable water supply is a key growth factor. Developments in control valve positioners and fluctuations in raw material prices are also influencing market trends. Overall, the market is expected to witness steady growth in the coming years, driven by these industry-specific trends and challenges.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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