Control Valves Market 2025

As per a report by Transparency Market Research, the global Control Ball Valve market will likely rise at a CAGR of 6.4% during the period between 2017 and 2025. At this rate, the market which was worth US$6.01 bn in 2016 will likely become worth US$ US$10.46 bn by 2024.

Depending upon the type of actuation technology, the global market for control valves can be divided into manual control valve, pneumatic control valve, hydraulic control valve, and electric control valve. Of them, the segment of pneumatic control valve accounted for maximum share in revenue in the market in 2016.

Exhaustive activities in the exploration of shale gas, which require control valves to regulate the pressure or temperature throughout upstream, midstream, and downstream activities, is mainly serving to propel the Trunnion Ball Valve market in the region.