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Global Industrial Valves Market in the Power Industry 2018-2022| Rising Demand for Power Promotes Growth| Technavio

December 5, 2018

LONDON--(BUSINESS WIRE)--Dec 5, 2018--Technavio’s research report on the global industrial valves market in the power industry forecasts the market to grow at a CAGR of nearly 4% during the forecast period.

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Technavio has released a new market research report on the global industrial valves market in the power industry for the period 2018-2022. (Graphic: Business Wire)

The growth in valve refurbishment market will be one of the major trends in the during 2018-2022. The valves are typically designed for an operating lifetime of 20-30 years. But due to operation under varying temperature and pressure conditions, the operating lifetime of valves is usually less. This has led to an increased demand for valve repair and resulted in the growth of the valve refurbishment market in the power industry.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key drivers for the global industrial valves market in the power industry is the growing demand for power:

Global industrial valves market in the power industry: Growing demand for power

With the growing industrialization and urbanization, an increasing demand for power is being witnessed. The high focus on digitization and automation in regions such as North America and Europe has resulted in widespread use of equipment that relies heavily on power. The industrial growth in countries such as China, India, Indonesia, Malaysia, and Vietnam have resulted in high power demand.

According to a senior analyst at Technavio for research on automation, “Many countries are expanding their power generation capacities to address the rising demand for energy. Additionally, several countries are upgrading their power plants due to old infrastructure and regulations regarding carbon emissions. The demand for valves in the power industry will be driven by the high power demand coupled with the need for uninterrupted power supply.”

Global industrial valves market in the power industry: Segmentation analysis

This report on the global industrial valves market in the power industry provides market segmentation by product (globe valves, gate valves, diaphragm valves, and butterfly valves) and by region (the Americas, APAC, and EMEA). This report also provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the four major products, the globe valves segment held the largest industrial valves market share in 2017, contributing to approximately 29% of the market. This product segment will dominate the global market throughout the forecast period.

The EMEA region held the largest share of the market in 2017, accounting for close to 39% share. It was followed by APAC and the Americas respectively. The EMEA region is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181205005463/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/05/2018 09:32 AM/DISC: 12/05/2018 09:32 AM

http://www.businesswire.com/news/home/20181205005463/en

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