The global industrial valve market is expected to grow at a CAGR of 4-5 percent reaching $101 billion by 2020. The use of smart valves is being adopted in regions such as North America and Europe because of their ability to control emissions to comply with environmental regulations. In emerging regions such as LATAM, the Middle East, Africa, and APAC, there's a growth in the utilization of industrial valves due to increased investment in infrastructure. The global trends for industrial valves include the use of robotics in handling complex and repetitive tasks, 3D printed valves to reduce labor and raw material costs, and utilization of digital devices and sensors to predict equipment breakdown.
The utilization of technology in industrial valves is capital intensive; therefore, most of the manufacturers are using old technology to produce gas-based Midrex, Hyl processes, etc. The report provides a detailed industry analysis, including Porter's five forces analysis, industry drivers & constraints, mergers & acquisitions, and revenue breakup by valves type and end-use industry. It also furnishes information on the prevalent cost structures and presents a price forecast with an exhaustive list of all the suppliers present in the industry.
Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.
Category Intelligence on Industrial Valves covers the following
Smart valves are increasingly being adopted in North America and Europe because of their ability to control fugitive emissions which are required for compliance to environmental regulations, and also to ensure better health of the buyer's employees.
Developing regions such as LATAM, Middle East, Africa and APAC will boost the growth of industrial valves globally due to increased investment in infrastructure (power plants, water supply lines, sewage water treatment facilities, etc.).
Stringent environmental and safety regulations
Duplication of technology
Drop in requirement from petrochemical industries