About Pressure Regulators for Upstream Applications
Pressure regulators modulate or reduce the fluctuating supply (or inlet) pressure to obtain the desired outlet pressure. This process is the primary functionality of pressure regulators.
Technavio’s analysts forecast the global pressure regulator market for upstream applications to grow at a CAGR of 0.79% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global pressure regulator market for upstream applications market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of pressure regulators for upstream applications.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Pressure Regulator Market for Upstream Applications 2017-2021
Technavio recognizes the following companies as the key players in the global pressure regulator market for upstream applications: Emerson, Fairchild Industrial Products, and Swagelok
Other Prominent Vendors in the market are: Pietro Fiorentini, Honeywell, Spirax Sarco, Marsh Bellofram, SAMSON Controls, CIRCOR Energy, GE Oil & Gas, and A.u.K. Müller. Equilibar, RICHARDS Industries, Beswick Engineering, Watts, Cashco, Cla-Val, Neon Controls, Plast-O-Matic, and Colton Industries
Commenting on the report, an analyst from Technavio’s team said: “China is striving to reduce its dependence on coal in a bid to regulate the problem of the existing massive air pollution in the country. The Chinese government has taken initiatives to develop and supply clean energy sources such as natural gas. The government is promoting the use of natural gas and other renewable resources to ensure energy efficiency, and diversification as a solution to various environmental problems.”
According to the report, one of the most obvious outcomes of the present era of fossil fuel is that the age of easy oil is coming to an end. This has resulted in not only inflated costs of hydrocarbon acquisition but has also displaced E&P operations geographically. Drilling operations in much of the past century were carried out at established locations in the world. The major hydrocarbon-rich regions around the globe were identified in the early 20th century, and most operations were based out of these areas for the next century or so. However, things have started to change significantly now, and the E&P companies have started to look at unconventional avenues for hydrocarbon exploration.
Further, the report states that intense competition among many vendors has resulted in a price war in the pressure regulators market. Revenue generation has therefore become dependent on the pricing strategy followed by each vendor. Additional implementation and maintenance costs also dictate price strategies. On the other hand, customers demand high-quality pressure regulators with extra features at low prices. These factors have prompted vendors to lower prices of their products to increase their market share, as well as to gain the loyalty of cost-conscious companies and small and medium enterprises. This means that vendors should constantly improve their pricing strategy, for more revenue generation and investment in R&D.
Emerson, Fairchild Industrial Products, Swagelok, Pietro Fiorentini, Honeywell, Spirax Sarco, Marsh Bellofram, SAMSON Controls, CIRCOR Energy, GE Oil & Gas, and A.u.K. Müller. Equilibar, RICHARDS Industries, Beswick Engineering, Watts, Cashco, Cla-Val, Neon Controls, Plast-O-Matic, Colton Industries.
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