According to the recent study the ceramic control valve market is projected to reach an estimated $5.1 billion by 2028 from $4.1 billion in 2023, at a CAGR of 4.5% from 2023 to 2028. Growth in this market is primarily driven by increased demand for energy-efficient products and its growing application in oil and gas and chemical industries owing to their extended lifespan and low rate of material wear, which lowers operating costs for manufacturers.
A more than 150–page
report is developed to understand trends, opportunities and forecast in ceramic
control valve market by product type (manual operated ceramic control valve,
electric operated ceramic control valve, and pneumatic operated ceramic control
valve), application (oil and gas, chemical, steel, power, and others), and
region (North America, Europe, Asia Pacific, and the Rest of the World).
“Pneumatic operated market is expected to remain the largest
segment during the forecast period.”
Based on product type,
the ceramic control valve market is segmented into manual operated ceramic
control valve, electric operated ceramic control valve, and pneumatic operated
ceramic control valve. Lucintel forecasts that the pneumatic operated market is
expected to remain the largest segment due to the growing use of these valves
to control the flow and pressure of gases and significant use of these valves
to precisely release high-temperature gas or steam at a predetermined pace and
provides a quick discharge of air from a pressurised system.
“Within the ceramic control valve market, the oil and gas segment
is expected to remain the largest application.”
Based on application the
oil and gas segment is expected to witness the highest growth over the forecast
period due to the extensive use of these ceramic-based control valves
throughout a pipeline to regulate fluid transmission under high pressure in
order to prevent damage from sudden changes in such circumstances.
“North America will dominate the ceramic control valve market in
near future.”
North America will
remain the largest region due to the growing demand for electrically driven
valves in a wide range of industries owing to their more affordable maintenance
cost and ensures enhanced effectiveness as compared to manual operation.
Major players of ceramic
control valve market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Fujikin, Yantai
Kingway, CERA SYSTEM, METSO, and Nil-Cor are among the major ceramic control
valve providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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