Global Sanitary Valves Market 2018-2022
About Sanitary Valves
Sanitary valves are used in end-user industries such as food and beverage, pharmaceuticals, among others that are required to maintain a high level of hygiene during processing.Technavio’s analysts forecast the global sanitary valves market to grow at a CAGR of 4.54% during the period 2018-2022.Covered in this report The report covers the present scenario and the growth prospects of the global sanitary valves market for 2018-2022. To calculate the market size, 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 Sanitary Valves Market 2018-2022
Technavio recognizes the following companies as the key players in the global sanitary valves market: ALFA LAVAL, Emerson Electric, GEA, ITT, Krones, and SPX FLOW.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is development of valve positioner technology. With the growing demand for sanitary valves in different end-user sectors, vendors in the sanitary butterfly valve market are focusing on developing valve positioner technology. To adjust positions of actuators based on a control signal, valve positioners are used.”
According to the report, one driver in the market is rising use of sanitary valves in food and beverages and pharmaceutical industry. With the rising need for maintaining sanitized and hygienic environment in pharmaceutical industries, there has been an increase in the integration of sanitary valves as an integral component in the fluid handling systems.
Further, the report states that one challenge in the market is fluctuation in raw material prices. The cost of raw materials is essential in valve pricing and plays a key role in the profit margin of vendors. Among the raw material costs, the direct material cost accounts for more than half of the total raw material cost for valves.
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