TechNavio recognizes the following companies as the key players in the Global Isolation and Safety Valve Market: Crane Co., Flowserve Corporation, Tyco International Ltd., and Weir Group PLC.
Commenting on the report, an analyst from TechNavio’s team said: “There is an increasing trend for customized isolation and safety valves in the market, as lack of product differentiation was leading to increasing competition among vendors. Thus, local as well as international vendors are trying to differentiate every product through customized valves which are offered at reasonable prices to the customers. This trend will have a positive influence on the growth of the Global Isolation and Safety Valve market.”
According to the report, one of the major drivers in the market is the increased growth in the Oil and Gas industry. The increased demand for oil and gas has led to the setting up of new plants for production, which require installation of isolation and safety valves.
Further, the report states that one of the major challenges in the market is the low profit margin for vendors. With intense competition among vendors, extra spending on marketing, customer service, and support and distribution, has reduced the overall profit margin on products.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-isolation-and-safety-valve-market…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global Isolation and Safety Valve Market 2012-2016
