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Developments and Opportunities in Fluid Control Equipment Industry
Koncept Analytics, July 2009, Pages: 40
Fluid control equipment industry is highly fragmented catering to many industries like petroleum, chemical, industrial, power generation and water. Pumps are a major segment of the industry, growing on a normalized basis of 3-5%, out of which industrial pumps have a strong hold on the market. Valve demand in the energy production sector will benefit from an increase in primary energy consumption in mature markets like North America as well as in developing markets such as Latin America. The North America, Western Europe and the Asia Pacific regions consist of the most mature markets for valves.
Many European countries are driving the growth in the heat pump sector. Most significant growth is found in the larger markets of Italy, France, Norway, Finland, and Austria. In European markets, this industry has a strong presence; though performance in United States and Asian markets is also remarkable.
There are many players in the market contributing a small share in each segment. Industry demand is growing in accordance with other factors such as shifting population from rural to urban areas, need for clean water, emerging markets and rising raw material prices. These factors affect the growth of the fluid control equipment industry. Changes in regulations have also given a new turn to the industry.
This report analyses the worldwide fluid control equipment (pumps, valves and seals) market with a clear understanding of industry segments where it discusses segments individually. It also describes product applications in different sectors, each product market. The report also highlights major countries for fluid control equipments like United States, Switzerland, Germany and Austria. Growth driver section is an important part of the report within which we analyze current industry demand and future opportunities. It also discusses regulatory environment and industry competition.
The report also talks about the future outlook of the industry and its growth. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the industry. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
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