Regulatory Compliance and Plant Automation Initiatives to Drive Global Market for Industrial Valves, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Industrial Valves markets. Global market for Industrial Valves is forecast to reach US$90.1 billion by 2018, primarily driven by regulatory riders governing emission control in process and energy industries, focus on plant automation, and increasing investments in renewable energy. New investments in energy related industries, especially in emerging economies such as India and China, bodes well for the future of the market.

Industrial Valves: A Global Strategic Business Report

Follow us on LinkedIn – As critical devices designed and engineered to control gases, liquids and solid slurries, fortunes in the industrial valves market is dependent on the level of investments in new plant establishments and renovations of existing plants. The 2007-2009 world economic recession crippled vital industries across the globe, such as, manufacturing, industrial, chemicals, petrochemicals, automotives, and energy generation, among others. Slowing levels of economic activity, complete collapse of global production & trade, fall in industrial production, manufacturing activity, commercial activity, plant closures, capacity idling, scaling back of operating capacity and the resultant sputtering investments in industrial production resulted in broad based declines in industrial equipment and consumables including industrial valves. The global market however witnessed recovery in the years 2010 and 2011 in sync with the renewed revival of key growth fundamentals.

Growth in the industrial valves market over the next few years will be primarily driven by regulatory demands with regard to emission control, processes and water management. The growing magnitude of air pollution has created a niggling worry over its impact on the ecology and human health, and has pushed national governments into taking initiatives designed to control the levels of air pollution. The EU member states, for instance, have over the years implemented several policies designed to reduce emissions from power plants ranging from ceiling the limit of permissible emissions per plant to introducing emission taxes, and carbon credits, among others. Among the industrial sources of pollution, the power industry ranks as a prime polluter provoking environmental regulatory bodies to tighten legislations governing emissions in this industry. The clampdown on power plants translates into greater opportunities for plant upgradation and renovation, which in turn will generate demand for valves.

Growing focus on renewable energy also augurs well for the future of industrial valves market, as establishment of new renewable energy plants will require installation of power generation equipment wherein valves are indispensable structural components. For instance, solar steam power plants require more number of valves as compared to gas fired plant. Also, valves play a pivotal safety role such as in Nuclear power plants. The protection of the nuclear power plant against explosion and meltdowns depend upon the efficient operation of industrial valves. Demand for seismic cutoff valves engineered for emergency shut-offs during earthquake is growing in demand, especially after the 2011 tsunami and earthquake that hit Japan and jeopardized the safety of the Fukushima Daiichi nuclear reactor. As lessons learnt from the Fukushima disaster seeps in, the ensuing focus being shed on the safety of natural gas plants and power plants will help drive demand for seismic actuated valves in new plant constructions and renovations, especially so in regions susceptible to natural disasters.

Growth in the upcoming years will also stem from the growing focus on plant automation in most end-use industries as means to enhance productivity, reduce downtime, and conserve energy. Under this scenario, automated valves are poised to drive future growth, while growth in conventional valves hits a plateau. The change in consumer preferences is also influencing research and development activities, as product developers’ aim at producing smarter valves which can be controlled by solenoid, digital, hydraulic, electric or pneumatic energy. Greater focus on asset management is throwing the maintenance emphasis on control valves which represent the most critical “work horses” in a process manufacturing environment. The inclusion of control valves in predictive maintenance procedures is poised to generate increased replacement demand.

The European debt crisis and its induced volatility in the Index of Industrial Production (IIP) leave the industrial valves market nervous over the future playout of the crisis. For an industry which pins future growth prospects on medium to long term health of the economy, the periodic flaring up of Europe’s financial problems is currently throwing the industrial valves market into a state of sustained uncertainty. With numerous factors still continuing to threaten the health of manufacturing industries in debt affected economies, this crisis of confidence, in itself, is expected to drag down the market’s growth.

As stated by the new market research report on Industrial Valves, the US represents the single largest market worldwide. Asia-Pacific represents the fastest growing regional market with dollar sales waxing at a CAGR of about 7.4% over the analysis period. By end-use, the chemical industry is the largest end-use market, accounting for a majority share in total dollar sales generated.

Major players profiled in the report include Cameron, Crane Co., Emerson Electric Co., Flowserve Corp., Halliburton Company, Ham-Let, ITT Corporation, KITZ Corp., KSB AG, SPX Corporation, The AVK Group, Tyco International Ltd., Velan, Inc., and Watts Water Technologies, Inc.

The research report titled “Industrial Valves: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the industrial valves market; current market trends; key growth drivers; recent product introductions and innovations, recent industry activity; and profiles of major/niche global as well as regional market participants. The study analyzes market data and analytics in terms of value sales for the global market and major geographic markets including the United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East/Africa, and Latin America. Key segments analyzed in the report include Globe and Check Valves, Ball Valves, Control Valves, Butterfly Valves, Waterworks Valves, Solenoid Valves, Nuclear Valves and Miscellaneous Valves. The report also analyzes end-use markets, including 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 Markets.

For more details about this comprehensive market research report, please visit –

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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Global Industry Analysts, Inc.
Telephone: 408-528-9966
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