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Industrial Control Valves Market: Southeast Asia, Australia and New Zealand
Frost & Sullivan, June 2011, Pages: 59
This research service focuses on the industrial control valve market across Southeast Asia, and Australia and New Zealand. It discusses the various kinds of valves and their applications. It also attempts to analyze newer applications and the growth of industries associated with it. It also analyzes the trends and the factors affecting the growth of this market.
Research Overview
This research service provides an analysis of the control valves market, challenges faced by manufacturers, competition in the region and end users. It also discusses the latest developments in the market and demand for such applications in newer industries. In this research, expert analysts thoroughly examine the following geographic regions: Indonesia, Singapore, Malaysia, Australia and New Zealand. The study does not cover the markets of China and Japan. The analysts also examine the following product types: quarter turn, self-acting and control valves, and multi-turn valves.
Market Overview
Cautious Spending by End Users Resulted in a Moderate Base Year Growth Rate of 10.7 Per Cent in 2010 in the Southeast Asia and Australia New Zealand Industrial Control Valves Market
End Users Look to Optimize Vital Resources and Keep Costs to a Minimum
The $825.0-million industrial control valves market in Southeast Asia and Australia New Zealand is on course to achieving the forecast revenues of $1.85 billion in 2017, mostly due to the sustained demand from conventional end users such as oil and gas, paper and pulp and mining, especially in Australia. The receding effects of the economic downturn have pumped up the demand for industrial control valves. “As markets gradually limp back to normalcy, end users will be attracted to control valves' benefits of direct savings by way of fewer valve failures, reduced downtimes, technical support, and process improvement,” says the analyst of this research. “Newer and more advanced control valves are being introduced to cater to an expanding end-user base.”
Industrial control valve manufacturers are focusing more on safety, as nuclear energy is becoming a major source of power generation in several countries. Another area of revenue generation is industrial control valve asset management, as cost avoidance is a key focus area for companies that are still shaking off the effects of the slowdown.
The recovery in the control valves market is likely to be protracted, without any spurts in growth in the next two to three years, as revenues have barely reached the pre-2008 levels. As in almost every market during the downturn, the lack of credit had resulted in lower investments in R&D. Smaller participants with sparse R&D resources were especially hard hit by the competition from larger participants.
However, the market is highly fragmented despite most end users preferring to obtain all their resources from a single manufacturer. “Countries such as Singapore, Malaysia, Thailand, Australia and New Zealand are home to several multinational companies in the control valves sector and companies have started investing in newer technologies,” notes the analyst. “While retrofits can serve as a source for control valves in developed regions such as Australia and Singapore, newer projects will serve as a driver in the developing markets of Indonesia and Thailand.”
Market Sectors
Expert analysts thoroughly examine the following market sectors in this research:
By Product Type:
- Quarter-turn valves
- Self-acting valves
- Control valves
- Multi-turn valves
Product samples
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