- The key vendors in the global industrial valves market in the oil and gas industry 2015-2019 are Cameron International Corp., Emerson Electric Co., Flowserve Corp. and Pentair Ltd.
London, 11 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global industrial valves market in the oil and gas industry 2015-2019. Growing oil and gas infrastructure in China is one of the trends being witnessed in this market. The country has established market entry conditions for foreign players to encourage them to use clean energy such as natural gas. The global industrial valves market in the oil and gas industry is expected to grow at a CAGR of 5.30% during the period 2015-2019.
The oil and gas industry is the major revenue contributor to the global industrial valves market. The exploration of new oil and gas fields and increased investments in pipelines and refineries in the Americas, the Middle East, Africa, and APAC are likely to boost market growth. Also, the construction of gas-to-liquid and LNG plants to cater to the shale gas boom will likely boost demand for industrial valves.
“Oil and gas companies are automating production processes to reduce downtime and boost operational efficiency,” says Faisal Ghaus, Vice President of Technavio Research.
“One of the key market trends is the replacement of manually operated valves with fully automated isolation and control valves, which are interconnected to a monitoring and operating system.”
To define the market conditions 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%…
