About the Valves and Manifolds Market
Instrumentation valves are devices that are widely used in industrial production processes to control the flow of fluids and gases. The valves can be controlled either physically or automatically. A valve helps to direct, regulate, or control the flow of liquids, gases, fluidized solids, and slurry material through dedicated passageways. There are different types of valve according to the needs and demands of the production process, including quarter-turn valves (ball valves, butterfly valves, and plug valves), multi-turn valves (gate valves, globe valves, and needle valves), and control valves. Valves can be actuated and depending on the various types, it can be further classified into hydraulic, pneumatic, motorized, solenoid, and manual.
Technavio’s analysts forecast the global valves and manifolds market to grow at a CAGR of 6.56% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global valves and manifolds market for 2016-2020.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Valves and Manifolds Market 2016-2020
Technavio recognizes the following companies as the key players in the global valves and manifolds market: Circor Instrumentation, DK-Lok, Ham-let, SSP, and Swagelok.
Other Prominent Vendors in the market are: 3M, Filtration Systems Products, GE, Hascon Filtration, Kalthoff, Midwesco Filter Resources, Omega Air, PALL, Parker Hannifin, and Tomkins.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is sure to boost market growth is the development of next-generation valves. Many industrial valve vendors are developing next-generation valves with additional capabilities to increase their foothold in the competitive market. These modern products have threaded bonnets, a floating polytetrafluoroethylene diaphragm, and a zero minimum operating differential design that provides substantial benefits over the traditional valves. The new valves are gaining popularity as they can deliver 60% higher flow rates and longer operational life, and have a wide temperature range and pressure handling ability that can improve the efficiency of industrial production processes.”
According to the report, a key growth driver is the expanding water and wastewater treatment industry. High-quality potable water is essential for industrial, commercial, and domestic users. Growing population and rapid urbanization are exerting pressure on the existing freshwater resources. Though many developed economies have well-developed water treatment infrastructure, some lack proper distribution facilities. Consequently, water may get contaminated during transit. Various European countries that already have technologically advanced industrial water treatment infrastructure are now focusing on municipal water treatment infrastructure.
Further, the report states that one challenge that could hamper market growth is industrial valve repairing services. The valve service industry does not face competition from peers anymore but is more threatened by the advent of new types of valves. The valve service industry is pushed to think out of the box due to the lower cost of newly imported valves and valve rebuilding programs from OEMs.
Circor Instrumentation, DK-Lok, Ham-let, SSP, Swagelok, 3M, Filtration Systems Products, GE, Hascon Filtration, Kalthoff, Midwesco Filter Resources, Omega Air, PALL, Parker Hannifin, Tomkins.