The surging population across the globe is the biggest factor responsible for the soaring demand for control valves. This is because the growing energy requirements, on account of the booming population, is pushing up the demand for consistent power plant performances. Moreover, it is fueling rapid advancements and innovations in the equipment and devices required for the processing, production, and transportation of energy and making the usage of these advanced devices highly essential in power plants.

 

Therefore, in order to meet the soaring energy demand, control valves are increasingly being used in power plants. This is, in turn, driving their sales across the globe. Besides being heavily used in power plants, control valves are also extensively used in the food and beverages industry. Because of this reason, the rapid growth of the food and beverages industry is causing a sharp surge in the sales of control valves. 

 

Additionally, the launch of extensive infrastructural development and construction projects in several countries is propelling the demand for control valves. This is because of the mushrooming power requirements because of these large-scale infrastructural development activities all over the world. The other important factor boosting the sales of control valves is the growing demand for wireless infrastructure and facilities for monitoring and controlling systems and equipment in various industries around the world. 

 

Due to the above-mentioned factors, the global control valves market is registering rapid advancement. Depending on actuation technology, the market is divided into pneumatic control valve, manual control valve, hydraulic control valve, and electric control valve. Out of these, the pneumatic control valve category recorded the highest growth in the market in the past years. This was because of the ability of the pneumatic control valves to provide consistent performance and accurate linear motion in different temperatures.

 

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