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Tuesday, 23 February 2016

Stainless Steel Control Valves (less than 2 inches) Market to be Worth US$371.6 mn by 2023

Stainless steel control valves (less than 2 inches) are primarily used for controlling pressure, flow and liquid level of fluid systems, by either partially or fully opening or closing the valve in response to the signals received from controllers. Their resistance to corrosive fluids and ability to function in wide temperature ranges are primary reasons for their applications across various industry verticals. The global stainless steel control valves (less than 2 inches) market has been segmented on the basis of actuation technology, types, end-use industry and geography. A cross sectional study of the global stainless steel control valves (less than 2 inches) market across broad geographical segments such as North America, Europe, Asia-Pacific (APAC) and rest of the World (RoW) has also been covered under the scope of the study.

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The market for control valves is primarily driven by factors such as increasing applications in chemical industries of APAC, growing importance of wastewater management globally and rapid growth of application of small scale fluid handling systems in semiconductor & electronic manufacturing industries among others. Moreover, wastewater management is increasingly becoming important across the globe due to the scarcity of surface water in various regions. Hence, in this industry vertical also stainless steel control valves (less than 2 inches) are seeing increasing applications globally. Furthermore, the current demand for electronic devices is leading to good growth of the semiconductor and electronics manufacturing industry, thus positively impacting the application of stainless steel control valves (less than 2 inches). Increasing numbers of industrial infrastructure projects, along with commercial and residential projects, in developing nations is also expected to boost the demand for stainless steel control valves (less than 2 inches) during the forecast period.

The current global trends of increasing demand for energy, rising demand for upgrading waste management facilities, and growing demand of consumer electronics are some of the factors which have been positively impacting the application of stainless steel control valves (less than 2 inches) in such industries. Electric stainless steel control valves (less than 2 inches) are more efficient and enable greater level of controls as compared to the other type of valves. Increasing emphasis on industrial automation has also being positively impacting the application of stainless steel control valves (less than 2 inches).

The competitive profiling of the key players in the global stainless steel control valves (less than 2 inches) market and their market shares across four major geographic regions which include North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW) has been exhaustively covered under the purview of the study. Moreover, the distinct business strategies that have been adopted by the major players in the market have also been included in the report. For providing a detailed insight into the global stainless steel control valves (less than 2 inches) market, the market attractive analysis has been provided in the report. The different distribution channels and various participants of each distribution channel has also been included in the report for a better understanding of the distribution process of the stainless steel control valves (less than 2 inches). more....

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