Ballast water treatment regulations boost control valve market
Europe Control Valve Market is estimated to grow from US$1.803 billion in 2015 to US$2.521 billion by 2021, at a CAGR of 5.75% over the forecast period.
New and stricter regulations for ballast water treatment are boosting the demand for control valves, says Research and Markets in its research report Europe Control Valve Market.
Expanding production of oil and gas from subsea sources is augmenting the requirement of efficient and expensive industrial control valves.
High labor costs in European countries are forcing manufacturers to shift towards automation system in process industries. This is further propelling the growth of control valve market in Europe.
Development of nuclear power infrastructure in France will bolster the growth of European Control Valve market during the forecast period.