- The key vendors in the global industrial valves and actuators market 2015-2019 are Cameron International Corp., Emerson Electric Co., Flowserve Corp. and Pentair Ltd.
London, 23 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global industrial valves and actuators market 2015-2019. The growing oil and gas infrastructure in China is expected to increase the demand for industrial valves and actuators in the coming years. This will reduce its reliance on coal-related energy and will promote the use of clean energy such as natural gas. The global industrial valves and actuators market is expected to grow at a CAGR of 5.54% during the period 2014-2019.
The booming oil and gas industry in Latin America and Africa is expected to spur the demand for industrial valves and actuators. Increased exploration activities and the establishment of new refineries in these regions will benefit valves and actuators manufacturers. In addition, shale extract is acting as a cheap feedstock for the chemical industry in the US, giving it an incentive to increase its exports. Thus, the chemical industry will play a major role in the growth of valves and actuators.
“The end-user industries of valves and actuators are looking for vendors that can provide complete solutions rather than following the traditional multi-vendor approach to meet requirements,” says Faisal Ghaus, Vice President of Technavio Research.
“Because of varied end-user requirements, the need for customization is very high in the global industrial valves and actuators market. Major industrial valve manufacturers, which have a global presence are able to meet these requirements from end-users.”
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.
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