Growth for valves, actuators

London - Demand from various process industries, government regulations on emission control and the need for resources, such as water and power, will support steady, long-term growth in the world valves and actuators market. The rising global demand for resources will fuel market expansion, even as investments in growing economies like China and India positively impact market prospects. While retrofitting of products will represent a potential revenue generator in mature markets, the growing interest in plant automation directs focus on quarter-turn valve products.

These are the key findings from new analysis by Frost & Sullivan, "World Industrial Valves and Actuators Markets". It says the market earned revenues of $26.69 billion in 2007 and estimates it to reach $49.18 billion in 2014. The biggest challenge facing the market is the ability of suppliers to meet the current levels of consumer demand. Furthermore, in a highly fragmented market, suppliers have to confront the issue of setting competitive pricing standards.

"Growing populations in regions such as China and India are underlining the need for increased supply of clean drinking water, resulting in higher investments," notes F&S research analyst Ram Ravi. "With end-user plants running at excess capacities to meet this escalating demand, opportunities are arising for replacements and upgrading of products."

The valves and actuators market is also benefiting from the changing food habits of people in areas such as Eastern Europe and Asia. These trends are driving the food and beverage industry and are having a positive ripple effect on the uptake of related valves and actuators. Government regulations pertaining to emission control are also boosting market potential.