{"id":66640,"date":"2020-09-02T20:00:00","date_gmt":"2020-09-02T20:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2723069"},"modified":"2020-09-02T20:00:00","modified_gmt":"2020-09-02T20:00:00","slug":"process-automation-control-valves-market-size-expected-to-grow-at-a-cagr-of-6-79-during-forecast-period-2020-2025","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/09\/02\/process-automation-control-valves-market-size-expected-to-grow-at-a-cagr-of-6-79-during-forecast-period-2020-2025\/","title":{"rendered":"Process Automation Control Valves Market Size Expected to Grow at a CAGR of 6.79% During Forecast Period 2020-2025"},"content":{"rendered":"

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Theprocess automation control valves market size<\/a><\/strong>was $6.51 billion in 2019 and is expected to grow at a CAGR of 6.79% during forecast period 2020-2025. Growth of the process automation control valves market can be attributed to increasing application of control valves in food & beverage, oil and gas, utilities, pharmaceutical, chemical and other industries and adoption of Internet of Things (IoT) technology in the process industries. The Global process automation control valve market is poised to witness significant growth during the forecast period. With the emergence of industry 4.0, there is high adoption of actuator valves, pneumatic solenoid valves and other valves for process automation. Growing demand for plant safety in manufacturing industries coupled with growing concern for personnel safety has led to the increasing deployment of process automation control valves.<\/div>\n
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Accessories- Segment Analysis<\/strong><\/div>\n
Actuators dominated the process automation control market with a major share 35.46% in 2019. Introduction of IoT and automation technologies in various industries set to propel the demand for process automation control valves. In control valves, the actuators can fully rotate its head by 360 which allows flexible installation and optimization. This helps in reducing overall installation cost and optimizes the incorporation of actuators in manufacturing processes, thereby fueling the market growth.<\/div>\n
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End Use Industry- Segment Analysis<\/strong><\/div>\n
The Food & Beverage (F&B) Industry segment is projected to grow at a CAGR of 8.64% during the forecast period 2020-2025. In this industry, control valves are used mainly for managing steam which is the most critical component in food processing. There has been growing adoption of automation technology in this industry as it is required to maintain critical control points such as hazard Analysis and critical control point (HACCP) to meet safety standards of food safety authorities. Regulations by food and drug administration (FDA) for the valves which come into direct contact with food, in which inside of the valve should be smooth enough to avoid trapping particles or bacterial accumulation have been creating opportunities for the up gradation of food plants with new infrastructure. These types of regulations have been forcing to use aseptic control valves and implement process automation in the food & beverage industry. Monitoring and operating the control valves manually is a difficult task. So, implementing process automation in food and beverage industry to increase the production efficiency is set to fuel the process automation control valves market. The demand for a high degree of consistency in quality of food and beverages is prompting the F&B industry to improve their production processes. These factors are pushing the F&B industry to opt for process automation which is set to drive the process automation control valves market.<\/div>\n
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Request for Sample of the Report @https:\/\/www.industryarc.com\/pdfdownload.php?id=18485<\/a><\/strong><\/div>\n
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Report Price: $ 4500 (Single User License)<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Geography- Segment Analysis<\/strong><\/div>\n
North America region leaded the process automation control valves market in terms of revenue share, and held 36.62% share in 2019 due to technological advancements and growing demand for cutting edge instrument across different industry verticals in the this region. In the U.S., Environmental Protection Agency (EPA) has mandated to limit the use of traditional spring diaphragm actuators in order to reduce greenhouse gas emissions. The replacement of these actuators with pneumatic actuator valves has been reducing methane and volatile organic compounds emissions. Government regulations and early adoption of advanced technologies have been escalating the demand for process automation control valves in this region.<\/div>\n
Drivers – Process Automation Control Valves Market<\/strong><\/div>\n
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