Global Industrial Spray Valves Market 2017-2021
About Industrial Spray Valves
The industrial spray valves market is growing with the innovation of technologies such as low volume low pressure (LVLP) and miniaturized robust products. The adoption of automated industrial spray valves in the end-user industry is largely dependent on the maintenance activities in the plant. The process industries, such as oil and gas, power generation, water and wastewater, and agriculture, are driving the market, and this is expected to continue in the forecast period. The development in closed cleaning technology for the protection of operators and environment is supporting the adoption of latest industrial spray valves in the end-user industries. The adoption of automation in developing regions will play an important role in driving the global industrial spray valves market in the forecast period.
Technavio’s analysts forecast the global industrial spray valves market to grow at a CAGR of 4.54% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial spray valves market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Spray Valves Market 2017-2021
Technavio recognizes the following companies as the key players in the global industrial spray valves market: Dymax, Fisnar, Nordson, SchuF Group, and Techcon Systems.
Other Prominent Vendors in the market are: AquaGlobe, axon, DAV Tech, Dropsa, Emerson, Gentec Benelux, HILGER U. KERN, Inchimica, Strahman Valves, T&S Brass, TEEJET TECHNOLOGIES, Texas Industrial Remcor, Transland, and Unicontrols Singapore.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Valve monitoring through the Internet. As industrial spray valves are significant in spraying applications, the developments of remote monitoring operations are expected to drive the global industrial spray valves market. The market for industrial spray valves has been growing, where remote monitoring is a high priority among the end-user industries, especially in the developing countries in Asia, the Middle East, and South America. The deployment of industrial spray valves in harsh and difficult terrain locations has been beneficial for the end-user industries such as oil and gas, power generation, and chemical and petrochemical.”
According to the report, one of the major drivers for this market is Low cost of installation and maintenance. The cost, as well as time taken, for the installation of industrial spray valves is low. With the minimized duration for installation, the adoption rate of these valves is increasing, which in turn, is influencing the operating hours positively. The faster spray requirement for lubrication processes helps in reducing the formation of residues and other leakages, which reduces frequent maintenance operations. The cost reduction associated with reduced assembly time acts as a major driver for the adoption of industrial spray valves in end-user industries.
Further, the report states that one of the major factors hindering the growth of this market is Low-cost products from Asian manufacturers. Asian countries are characterized by the presence of land, labor, and raw materials at an affordable cost, which has attracted significant investments in the manufacturing of industrial spray valves. End-user industries such as chemical and petrochemical, agriculture, and power generation in APAC are looking to invest in spray machinery and valve solutions in the industrial spray valves market for lubrication, coating, curing, rinsing, and cleaning applications.
Dymax, Fisnar, Nordson, SchuF Group, Techcon Systems, AquaGlobe, axon, DAV Tech, Dropsa, Emerson, Gentec Benelux, HILGER U. KERN, Inchimica, Strahman Valves, T&S Brass, TEEJET TECHNOLOGIES, Texas Industrial Remcor, Transland, and Unicontrols Singapore.
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