Choke Valve Market
Choke Valve Market Global Industry Assessment & Forecast
#
Pages:
169
2021
Nov - 2021
VMR-2021-0281
Segments Covered
By
Type Non-regulating, Regulating
-
By
Application Oil and Gas Production Wells, Reservoirs
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
13.26 Billion |
 Revenue 2028:
|
33.54 Billion |
 Revenue CAGR
(2021 - 2028): |
12.3 |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
The report delivers an acute breakdown of the market based on various segments such as Type, Application, , and region. All the segments are studied considering historical and future trends across geographies. All the segments are analyzed based on trends, market size, and forecast, and the data is provided for the years 2016–2028. Several growth factors and opportunities impacting various segments have been incorporated in the report.
On the basis of Type, the market is divided into Non-regulating, Regulating. Hot rolled Steel pipes held the largest share in 2020 and is projected to grow at a noteworthy CAGR within the forecast period.
Based on Application, the market is divided into Oil and Gas Production Wells, Reservoirs. Oil & Gas attributed to the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Global Choke Valve Market: Type Segment Analysis
-
- Non-regulating
- Regulating
Global Choke Valve Market: Application Segment Analysis
-
- Oil and Gas Production Wells
- Reservoirs
FAQ
Frequently Asked Question
What is the global demand for Choke Valve in terms of revenue?
-
The global Choke Valve valued at 13.26 Billion in 2020 and is expected to reach 33.54 Billion in 2028 growing at a CAGR of 12.3%.
Which are the prominent players in the market?
-
The prominent players in the market are Emerson Electric, Schlumberger, GE Oil and Gas, National Oilwell Varco, SchuF, IMI Critical Engineering, Master Flo, S.P.M. Flow Control, Cyclonic, Mokveld, Quam..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 12.3% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Choke Valve include
- The increasing demand for valves from healthcare and pharmaceuticals industries due to COVID-19 pandemic is anticipated to augment the growth of the market over the forecast period.
- The rising demand for energy in APAC and growing need for connected networks to maintain and monitor industrial equipment is anticipated to augment the growth of the control valve market in the years to come.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Choke Valve in 2020.
