The global control flow choke market was valued at around US$ 578.8 Mn in 2017, which is estimated to grow at a 3.1% CAGR over 2018-2028.
Persistence Market Research (PMR), in its recent study on the control flow choke market, offers a detailed value-volume analysis of the control flow choke market on the basis of various segments such as material type, type, shape, operation, end use, and region. In terms of material type, the carbon steel control flow choke segment is projected to be a lucrative segment in terms of growth opportunities, and these chokes are considered to be the most common types of control flow chokes.
There has been significant growth in various end-use verticals due to the expanding oil and gas, chemical and petrochemical, and energy and power industries that are outperforming global trade growth. From a macroeconomic point of view, a positive outlook for end-use industries will create opportunities for control flow choke manufacturers around the world.
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The control flow choke market report covers market analysis through basis point analysis (BPS), absolute dollar opportunity index, market attractiveness analysis, and Y-o-Y growth. The volume analysis for the control flow choke market has been considered in units (number of control flow chokes for the current base year), covering data for the historical period 2013-2017 and forecast for 2018-2028, with 2017 as the base year.
An Overview of the Control Flow Choke Market Report Chapters
This global control flow choke market report consists of around 21 sections that elaborate on the market numbers in terms of volume in units and value in US$, at the regional and global levels. The first section of the global control flow choke market report covers an executive summary that highlights the key trends that are being witnessed in the global control flow choke market from the manufacturers, side as well as consumers, side.
The next section covers the global control flow choke market introduction, including the taxonomy by material type, type, shape, operation, and end use; definitions of the segments considered; key success factors to the market; and other information relevant to the global control flow choke market.
In the next section of the global control flow choke market report, we have included market viewpoints that include macroeconomic factors, forecast factors, and value chain analysis, along with a list of raw material suppliers, and control flow choke manufacturers, distributors, and end users. This section also covers the market dynamics, which includes several drivers responsible for the growth of the market, restraining factors, and opportunities in the market, as well as several trends with respect to global as well as regional markets.
The successive section of the global control flow choke market report includes a global industry analysis by volume and value, along with pricing analysis for North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa, with a weighted average price for every region and product type segment.
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The next section of the global control flow choke market report includes a qualitative and quantitative analysis of the control flow choke market by every segment considered. The report also includes an additional section with detailed analysis of the market for three emerging countries – China, India, and Mexico.
This control flow choke market report focuses on analysing the market opportunities and getting a detailed understanding of the control flow choke market. The control flow choke market report elaborates on the regional analysis, market dynamics, market intensity, market structure, and competition landscape of the control flow choke market for the next ten years, i.e. 2018-2028.
Each section of the control flow choke market report includes a qualitative and quantitative assessment of the market on the basis of historical data or developments, and facts and key opinions collected from various end-use industry participants through primary interviews, annual reports_bk_01_01_2020, newsletters, press releases, etc.
PMR’s report on the global control flow choke market studies some of the major players in the control flow choke market, such as Schlumberger Limited, General Electric, Emerson Electric Co., National Oilwell Varco, Inc., The Weir Group Plc., TechnipFMC Plc., IMI Plc., Nova Inc., Master Flo Valve Inc., Velan Inc., and Taylor Valve Technology, among others.
Research Methodology
The initial stage of the research study includes the formulation of assumptions, which are necessary for primary and secondary research. Further stages of research involved the triangulation of the data collected from these two approaches. To analyse the global market trends and opportunities for control flow choke manufacturers, the market has been segmented on the basis of material type, type, shape, operation, end use, and region.
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For the analysis of consumption, we have considered FY 2017 as the base year. Basic data was collected from manufacturers, annual reports_bk_01_01_2020, newsletters, public reports_bk_01_01_2020 published by governments, valve manufacturing associations and organisations, private agencies, World Bank’s sources, etc. For the final analysis of the market data, we considered demand-side as well as supply-side drivers and trends in various regional markets. We have forecasted the market data on the basis of key developments, regional trends, and the production-consumption scenario of the control flow choke market. For forecasting the market data, we have considered historic data for the period of 2013-2017.
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