London, 01 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the North American Industrial Valves Market in Oil and Gas Midstream Sector 2014-2018, which is expected to grow at a CAGR of 6.27 percent during 2013-2018.
“One of the key trends observed lately is the replacement of manually operated valves with fully automated isolation and control valves, which are interconnected to a monitoring and operating system for process controls,” says Faisal Ghaus, Vice President of TechNavio.
“This is likely to increase the demand for automated valves over manual valves along with actuators and other control accessories.”
Key Market Drivers
- Shale Gas and Tight Oil Extraction in US
- Oil Sands Mining in Canada
- Establishment of New Natural Gas Liquefaction Terminals
Key Market Trends
- Automation in Oil and Gas Production Plants
- Emergence of Smart Electric Systems
- Emphasis on Overall Emissions and Employee Health
Key Market Vendors
- Cameron International Corp.
- Emerson Electric Co.
- Flowserve Inc.
- Pentair Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
