Control Valve Market Registering a CAGR of 7.0 % by 2027
According to a new report published by Allied Market Research, titled, “ control valve market by type, operation, and application: opportunity analysis and industry forecast, 2020–2027 ,” the global control valve market size accounted for $5.40 billion in 2019, and is expected to reach $7.96 billion by 2027, registering a CAGR of 7.0 % from 2020 to 2027. In 2019, Asia-Pacific dominated the global control valve market, in terms of revenue, accounting for about 40.20% share of the global control valve industry, followed by North America and Europe. The report analyzes the global control valve market on the basis of type, operation, application, and region. The types of control valve covered in this report are linear control valve and rotary control valve. Increase in applications of control valves in oil & gas, electrical power, and mining sectors, such as exploration and production, downstream oil & gas activities, and power generation are expected to foster growth in the f...