Emerging Economies Drive Growth in the Industrial Valves Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) September 06, 2013 -- Follow us on LinkedIn - Industrial valves are mainly utilized in capital-intensive industries, primarily for controlling flow of gases, liquids, and solid slurries. Industrial valves market dynamics are thus dependent on new investments and upgrade projects for existing facilities. Industrial valves play a vital role in infrastructure development activities, worldwide. Buoyed by technology innovation in valve systems, the market is expected to witness significant demand in key end-use sectors like clean water, energy, food, and power. Several factors, including pollution control regulations, rising demand for water and power and rapid growth of process industries, work in tandem to drive growth in the industrial valves market.
As stated by the new market research report on Industrial Valves, Europe represents the largest regional market worldwide supported by increased focus on plant automation. Future growth is expected to be the strongest in emerging markets of Asia-Pacific, Latin America, and the Middle East, due to fast-paced economic development and increasing maturity of developed markets. Asia-Pacific represents the fastest growing market with a projected CAGR of 7.6% over the analysis period. Growth in the region is led by strong investments in heavy industries and infrastructure development projects. A significant proportion of the incremental demand in the region is expected from China, supported by the formulation of national developmental policies for industrial development.
Globe and Check Valves represent the largest product segment in the industrial valves market. Globe valves are ideal for use in high-pressure systems and are usually unaffected by the presence of sludge or impurities in the fluid. Nuclear valves represents the fastest growing product market. The construction of new nuclear power stations in the coming years is expected to spur demand for industrial valves used in nuclear power plants. The need to upgrade and repair existing nuclear power plants, in order to ensure their compliance with new safety standards in the aftermath of Fukushima nuclear disaster, is expected to stimulate sales of nuclear valves.
Chemical industry represents the largest and fastest growing end-use sector in the global industrial valves market. Another key end-use sector driving growth in the industrial valves market is the oil and gas industry, owing to the escalating global energy needs. With the continued emphasis on oil and gas exploration activity amidst escalating demand for fuel, investments in establishing refineries and pipeline network for transmission continue to increase, which in turn bode well for the industrial valves market. Valves used in petroleum refining market are finding increased demand led by the introduction of new capacities, extensive refining capacity expansions by refiners, and growing demand for motor vehicle fuel.
Major players covered in the report include The AVK Group, Cameron, Crane Co., Emerson Electric Co., Flowserve Corporation, Grinnell Mechanical Products, KITZ Corporation, Pentair Ltd, SPX Corporation, Velan Inc., and Watts Water Technologies Inc., among others.
The research report titled "Industrial Valves: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East and Africa, and Latin America. Product markets analyzed include globe and check valves, ball valves, control valves, butterfly valves, waterworks valves, solenoid valves, nuclear valves and other valves. End-use application markets analyzed include chemical industry, petroleum refining, pulp and paper industry, water and sewage utilities, electric power generation, oil and gas transmission, petroleum production, commercial construction and other industries.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Industrial_Valves_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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