TechNavio today launched its report Global Industrial Valve Market 2011-2015 based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”The Global Industrial Valve market is witnessing a steady transition from the usage of conventional valve types to automatic valves. It is expected that the demand for automatic valves will outperform the demand for the conventional valves especially due to the increasing need from Process industries. There will be increased demand for automatic valves from Process industries owing to improvements in operational efficiencies in the industrial production process. It is also estimated that there will be increased demand for the separately sold automatic actuators in developing countries as opposed to the automatic controls and regulators with preinstalled actuators. This is mainly due to the lower cost of the separately sold automatic actuators. However, with vendors focusing on low-cost products, this transition is expected to gain momentum slowly during the forecast period.”
According to the report, the Global Process industry is growing at a rapid rate, which in turn is creating more opportunities for the Global Industrial Valve market. Thus the demand for industrial valves increases along with the growth of the Process industries. Furthermore, the increasing demand for industrial valves from the Municipal sector for water and wastewater management also enhances the growth of the market. Many municipalities are investing heavily in water and wastewater projects, thus increasing the demand for industrial valves.
Further, the report discusses that a major challenge in the market is the increase in price wars among vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-industrial-valve-market-2011-2015
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global Industrial Valve Market 2011-2015
