Control Valve Market worth $10.62 billion by 2024

According to the new market research report "Control Valve Market by Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Valve Size, Valve Components (Actuators, Valve Body, Others), Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power), and Geography - Global Forecast to 2024",the control valve market is expected to grow from USD 7.48 billion in 2018 to USD 10.62 billion by 2024, at a CAGR of 6.02% from 2018 to 2024. The key factors driving the growth of this market include the increased need for connected networks to maintain/monitor various equipment in plants and the installation of new nuclear plants, along with the upscaling of existing nuclear plants during the forecast period.