- The key vendors in the Global Industrial Valves Market in Power Industry 2014-2018 are Emerson Electric Co., GE Co. and Pentair Ltd.
London, 04 November 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Industrial Valves Market in Power Industry 2014-2018. The Global Industrial Valves market in the Power industry is witnessing a steady transition from the usage of conventional control valves to electrically actuated industrial valves. Presently, several organizations prefer electrically actuated industrial valves because they requires less maintenance compared to conventional valves, thereby helping organizations to cut down their operational cost. The Global Industrial Valves market in the Power industry is expected to grow at a CAGR of 4.17 percent during the period 2013-2018.
“The increase in 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 Industrial Valves market in the Power industry,” says Faisal Ghaus, Vice President of TechNavio Research.
“Several organizations across various process industries from Europe and the Americas are increasingly outsourcing their manufacturing activities to the APAC region.”
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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