Global Industrial Valves and Actuators Market 2015-2019
About Industrial Valves and Actuators
The oil and gas industry is one of the major users of industrial valves and actuators. The rise in exploration and production of oil and gas in North America, MEA, and APAC will be the major contributor to the steady growth of the global industrial valves and actuators market. The market will be dominated by EMEA, followed by APAC and the Americas. APAC is expected to witness better growth rates than other regions due to the growth of emerging markets such as India and China.
Technavio's analysts forecast the global industrial valves and actuators market to grow at a CAGR of 5.54% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global industrial valves and actuators market for the period 2015-2019. To calculate the market size, the report covers the revenue generated from end-user industries such as oil and gas, water and wastewater treatment, power, and chemicals.Technavio's report, Global Industrial Valves and Actuators Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It presents the vendor landscape and a corresponding detailed analysis of the major vendors in the global industrial valves and actuators market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.Key Geographies
Technavio Announces the Publication of its Research Report – Global Industrial Valves and Actuators Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Industrial Valves and Actuators Market: Cameron International, Emerson Electric, Flowserve and Pentair
Other Prominent Vendors in the market are: Alfa Laval, AVK Group, Crane, Curtiss-Wright, GE, Honeywell International, IMI, Kitz, KSB Group, Neway Valve (Suzhou), Rotork, Valvitalia Group, Velan and Weir Group
Commenting on the report, an analyst from Technavio’s team said: “The growing oil and gas infrastructure in China is expected to increase the demand for industrial valves and actuators in the coming years. China accounts for the world's largest shale gas reserves and is likely to invest heavily in its development during the forecast period. This will reduce its reliance on coal-related energy and will promote the use of clean energy such as natural gas.”
According to the report, the booming oil and gas industry in Africa is a key factor fueling market growth. The growing population, urbanization, and a rise in the middle classes have increased the demand for oil and gas in the continent. In addition, huge oil and gas reserves in Africa have already attracted hundreds of companies, thereby accelerating the exploration and production activities in the region, which in turn has resulted in huge demand for industrial valves and actuators.
Further, the report states that volatile oil and gas prices have always posed a challenge for companies and end-users.
Cameron International, Emerson Electric, Flowserve, Pentair, Alfa Laval, AVK Group, Crane, Curtiss-Wright, GE, Honeywell International, IMI, Kitz, KSB Group, Neway Valve (Suzhou), Rotork, Valvitalia Group, Velan, Weir Group
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook