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Chinese Industrial Valves and Actuators Markets
Frost & Sullivan, Sep 2006
This research service examines the total Chinese industrial valves and actuators markets from 2002 to 2012. In this research service, qualitative and quantitative analysis are conducted to analyze the total market revenue trends, products structure, technological trend and competitive structure. In order to further catch the tendency of this market, this research service also provides end users analysis to present the demands forecasts of several applications such as power generation, chemicals and petrochemicals. In the last part of this research service, SOWT analysis also applied to examine the domestic participants and multinational companies in this market respectively.
This Frost & Sullivan research service titled Chinese Industrial Valves and Actuators Market provides specific drivers and restraints this market faces, analysis of several key application segments, along with revenue forecasts and SWOT analysis of each kind participants. In this research, Frost & Sullivan's expert analysts thoroughly examine the following market sectors: power generation, chemicals and petrochemicals industry, oil and gas industry, and water industry.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Multi-turn valves
- Quarter-turn valves
- Control and self-actuated valves
- Actuators
Technologies
The following technologies are covered in this research:
- Embedded Systems
- FieldBus
Market Overview
Development of Chinese Industries Boost Demand for Industrial Valves and Actuators
The Chinese industrial valves and actuators market is experiencing rapid growth due to the development of chemicals and petrochemicals industries. Power generation plants are to be restructured to increase efficiency in energy saving and environmental protection. Future investments in nuclear power generation are likely to generate substantial revenues for the total industrial valves and actuators market, creating numerous growth opportunities for market participants.
Several major national projects are being launched providing many avenues for industry participants to increase market share. Oil and gas pipeline-related projects create vast demands for valves and actuators. Reinforcing sewage treatment is conducive to revenue growth. Transfer of foreign valves technology and the application of other relative technologies are likely to boost demand for this product in the market.
Product Development and Sophistication Can Enable Manufacturers Gain Prominence
With over 3000 participants, the industrial valves and actuators market is a highly competitive one. The low-end market is flooded with small domestic companies serving niche segments by producing labor-intensive valves with low technical content. These participants usually gain competitive advantage by lowering prices. On the other hand, multinational companies providing specialty valves and sophisticated actuators compete in the high-end market generating the majority of market revenues. To sustain or increase their market position, industry participants, especially multinationals, are likely to carry out acquisitions and mergers, notes the analyst of this research service. Market participants can also garner larger revenues by periodically upgrading their products.
There is a growing need for robust valves offering stable performance and higher degree of automation to cope with the increasing automation of industries. This is increasing investment in the research and development of valves. One of the major advances has been the application on of intelligent valves integrated with embedded system, fieldbus, and computer-based controls. Intelligent valves that are capable of self-diagnosis, data processing, and networking with computer-based control systems can optimize valve system management, observes the analyst. Further technical improvements toward more reliability and extending functionalities are likely to occur as technical valves gain wider acceptance.
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