South African Valves and Actuators Market within the Chemicals and Petrochemicals Industry

Frost & Sullivan
July 28, 2009
104 Pages - SKU: MC2481868
Countries covered: South Africa



This Frost & Sullivan research service titled South African Valves and Actuators Market within the Chemicals and Petrochemicals Industry provides a focused analysis of the valve and actuator market within the South African chemicals industry from 2005 to 2015. The research also presents revenue forecasts, the market’s competitive structure at total market and product segment level for each valve and actuator product type listed in the research service. In this research, Frost & Sullivan's expert analysts thoroughly examine the following technologies: on/off valves, control valves and actuators.

Market Overview

Massive Capital Expenditure Projects within the Petrochemicals Industry to Spur Uptake of Valves and Actuators in South Africa

Despite the impacts of the global financial crisis, including expenditure tightening, a few leading end-user companies within the petrochemicals industry in South Africa are continuing to implement planned capital expenditure projects with the objective of boosting production capacity to match the anticipated increase in demand for chemicals and petrochemicals. Such sizeable capital expenditure projects are set to contribute to a steady growth in demand for valves and actuators in South Africa from 2010 to 2015.

"Leading chemicals and petrochemicals companies such as SASOL and PetroSA are going forward with their capital expenditure programmes to increase production capacity, despite the global financial crisis," notes research analyst, James Fungai Maposa. "Implementation of these projects is expected to contribute to a higher demand for valve and actuator products within the sector." In addition to the construction of new plants and refineries, challenges such as energy shortages and stricter environmental concerns are other factors that have prompted end users within the sector to upgrade their existing facilities to reduce energy consumption and conserve the environment. Part of the upgrade activity will include the replacing of obsolete valves and actuators with automation compatible valve and actuator products. The plant upgrades are, therefore, expected to contribute to revenue growth of the valves and actuators market within the petrochemicals industry until 2015.

Completed Capital Expenditure Projects to Result in Rise in Replacement Demand for Valve and Actuator Products

A few user companies within the chemicals and petrochemicals end-user sector have announced cuts of their planned capital and operational expenditure budgets of up to 40 per cent due to the impacts of the global financial crisis. The budget cuts are expected to affect short and mid-term growth of the valve and actuator market within the petrochemicals industry, especially operational expenditure, which will only be limited to critical purchases as end-user companies try to save as much as they can to avoid major losses during the financial downturn period.

The implementation of capital projects that have not been cancelled or put on hold are some of the factors expected to sustain demand for valve and actuator products within the petrochemicals industry over the long-term. "An increase in the installed base of valve and actuator products brought about by the completed capital expenditure projects is a factor projected to cause a rise in replacement demand for valve and actuator products during the long-term," concludes the analyst. "A rise in operational expenditure is also expected during the long term due to most end-user companies focusing on replacing obsolete valve and actuator equipment in older process plants to improve process efficiency and contribute to substantial energy savings."



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