Technavio, a tech-focused market research firm, has published a new report on the global motorized control valves market, which is expected to grow at a CAGR of more than 4% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global motorized control valves market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global motorized control valves market are elaborated below:
Motorized control valves market in EMEA: The majority of demand for motorized control valves in the market in EMEA will come from the oil and gas industry in the region. This is because of the foreseen normalization of crude oil prices in the global market, which is expected during 2017-2018.
According to Sunil Kumar Singh, a lead analyst at Technavio, specializing in research on automation, “European countries such as Russia are currently making huge investments in the oil and gas sector. Furthermore, other investments made in industry segments such as power generation, food and beverages, and pharmaceuticals in the region is also contributing toward the demand for motorized control valves in EMEA.”
Motorized control valves market in APAC: APAC is expected to exhibit the highest growth during the forecast period owing to the increasing investments in the oil and gas and water and wastewater management industries. Other investments in pharmaceuticals, chemicals, and power generation in APAC will also lead to an increase in the use of motorized control valves. There are many local vendors such as Avcon and Cair Euromatic Automation in this region that are selling motorized control valves at reduced prices. Furthermore, end-users of motorized control valves in APAC region might prefer the products from local vendors as these are economical.
Motorized control valves market in Americas: The major revenue generation in the Americas is from the power and chemicals industry. In addition, there are more investments from the petrochemicals industries in the Americas. These will lead to the increase in the use of motorized control valves. Major investments can be seen in Brazil and Mexico, as the demand for power in these regions is high. Upgrading of existing facilities to improve the efficiency of plants is also expected to spur an increase in the replacements of valves and actuators.
The leading vendors operating in the global motorized control valves market are:
- Danfoss
- Emerson Electric
- Cair Euromatic Automation
- Pentair
Other prominent vendors in the market include Belimo, Hitachi, Marsh Automation, Avcon Controls, Honeywell, BI-TORQ Valve Automation, Schubert & Salzer, Hansen Technologies, Rotork, Flowserve, and A.u.K. Müller GmbH.
A more detailed analysis is available in the Technavio report titled, ‘Global Motorized Control Valves Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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