London, 06 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Pneumatic Valve Actuators Market 2015-2019, which is expected to grow at a CAGR of 6.60 percent during the forecast period of 2015-2019.
Pneumatic valve actuators are applied extensively in oil and gas production, refineries, distribution, and fuel tank farms. The market is expected to grow significantly during the forecast period because of the expansion of oil and gas activities worldwide. Recent developments in unconventional oil and gas extraction such as shale gas and CBM production have led to a major infrastructure expansion in the Upstream, Midstream, and Downstream segments of the Oil and Gas industry, especially in the Americas and the APAC region.
“Increased oil exploration activities, investments in new refineries, and the upgrading of existing refineries in countries such as Nigeria, Algeria, Mozambique, and Tanzania are expected to increase the demand for pneumatic valve actuators,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Increased Level of Automation across End-user Industries
- Increased Oil and Gas Exploration Activity
- Growth in Shale Gas Production
Key Market Trends
- Shift from Conventional Fluid Power Systems to Smart Electric Systems
- Emergence of Low-cost Manufacturers in Developing Countries
- Geopolitical Crisis in Middle East and North Africa
Key Market Vendors
- Emerson Process Management
- Flowserve
- Pentair
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%…
