Control Valves

The process automation and instrumentation market is estimated to Control Valves, control valve manufacturers, be worth USD 67.4 billion in 2020 and is projected to reach USD 76.8 billion by 2025, at a CAGR of 2.6%. The growth of this market is propelled by factors such as the growing importance of energy efficiency and cost reduction, emphasis on digitalized technologies such as IIoT, increasing adoption of industrial automation, and optimum utilization of resources.
Process Instrumentation shows the real-time measurement of control process variables. These variables range from temperature and pH to flow, pressure and humidity. The instrumentation process offers single-source measurement solutions that enable the increase of efficiency as well as the enhancement of product quality. Process Instrumentation is valuable as it often allows for the real-time evaluation and control of these variables. Process instrumentation equipment is needed in a wide range of end-use industries. Use of process instrumentation equipment offers a host of benefits, including improvement in the quality of the product, emission reduction, reduction in human errors, and cost-savings. Control valve segment dominated the market and held the largest market share of 37.12% in the year 2019
On the basis of instruments, the global process automation and instrumentation market is segmented into the field instrument, control valve, and analytical instrument. Control valve segment dominated the market and held the largest market share of 37.12% in the year 2019. This growth is attributed to increased use of control valves in oil & gas, and growing initiatives pertaining to flow control projects like water distribution and gas pipelines. Left: Mokveld Valves, The Netherlands

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