TechNavio recognizes the following companies as the key players in the Global Electrically Actuated Control Valve Market: Emerson Electric Co., Flowserve Corp., and MIL Controls Ltd.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”Since the global economic downturn, there has been a steady increase in the economies of Asian countries such as China developing countries such as India and China. This is mainly because of the availability of low cost labor and skilled workforce in these countries. In addition, this move helps companies to increase their market presence in new geographies. Thus, the increasing outsourcing of manufacturing activities leads to an increase in investment from both domestic and international vendors. This in turn drives the demand in the Global Electrically Actuated Control Valve market. This has paved the way for the emergence of cost-driven manufacturing companies across the countries in APAC region. Several organizations across various process industries from the Europe region and the Americas are increasingly outsourcing their manufacturing activities to APAC region. This thereby is expected to drive the demand for electrically actuated control valves from this region.”
According to the report, the Global Electrically Actuated Control Valve market is witnessing many growth drivers such as the renovation of existing industrial plants. In developed countries organizations across process industries are steadily replacing their legacy equipment with technologically advanced equipment to improve their organizational productivity.
Further, the report states that the need for high initial investment is the main factor negatively affecting the growth of the Global Electrically Actuated Control Valve market. Currently, the prices of these control valves are increasing significantly as a result of the rising prices of raw materials.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Ross Valve Manufacturing Co., Rotork plc, Suzhou Delan Energy Science and Technology Co. Ltd., and Vahanvati Engineering.
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/content/global-electrically-actuated-control-va…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Electrically Actuated Control Valve Market 2012-2016
