Global Control Valves Market worth US$10.46 Billion by 2025

The power sector is the main driver for the boost growth in the global market for control valves. Besides, the rising oil and gas exploration activities are also having a positive impact on the market.According to a new market report published by Transparency Market Research, the global control valves market was valued at US$ 6,017.8 Mn in 2016 and is expected to expand at a CAGR of 6.4% from 2017 to 2025, reaching US$ 10,460.1 Mn by the end of the forecast period. In terms of volume global control valves market is expected to reach 13,734 thousand units in 2025.The global control valves market is presently driven by rising oil & gas exploration activities. Demand for control valves in the oil & gas industry exists primarily due to their exhaustive applications throughout upstream, midstream, and downstream activities. Demand for oil and gas products is increasing at a significant rate; however, supply for the same is dwindling due to the global decrease in oil and gas reserves.Source: http://www.transparencymarketresearch.comFor more information & buy now: https://www.transparencymarketresearch.com/checkout.php?rep_id=534