Industrial valves and actuators are devices that are widely used in industrial production processes to control the flow of fluids and gases. These valves can be controlled either manually or automatically. There are different types of valves according to the needs of the production process. Industries worldwide are increasingly using valves because they enhance production efficiency as well as safety of employees.
Analysts forecast the Industrial Valves market in the APAC region to grow at a CAGR of 7 percent over the period 2014-2019.
The report recognizes the following companies as the key players in the Industrial Valves Market in the APAC Region: Cameron International Corp., Emerson Electric Co., Flowserve Corp. and Pentair Ltd.
Other Prominent Vendors in the market are: FM Valve, Fouress, Fujikin, GE, Hagiwara Valve, Hawa Valves (India), Hirata Valve Industry, Hitachi Valve, Huanqiu Valve Group, Hubei Hongcheng General Machinery, Kitz, Konan Electric, Koyo, KSB, L&T Valves, Liangjing, Metso Valves, Nakamura Valve Manufacturing, Neway Valve (Suzhou), Onda Manufacturing Company, Oswal Industries, Shanghai Lianggong Valve Factory, Watts Water Technologies, Weir Group, Zhejiang CHAODA Valve, Zhuzhou Southern Valve and Zigong High Pressure Valve.
The report covers the present scenario and the growth prospects of the Industrial Valves market in the APAC region for the period 2015-2019.
Industrial Valves Market in the APAC Region 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC region; it also covers the market landscape of the Industrial Valves market in the APAC region and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
The presence of a large number of international vendors is one of the major trends in the market. The availability of abundant minerals and low-cost labor has led to the establishment of many manufacturing facilities in the APAC region. Government initiatives and programs such as increased FDI across various industries led to the entry of several valve manufacturers in this region.
According to the report, one of the major drivers in the market is the increased growth in the Construction industry. The Construction industry in the APAC region is growing rapidly, which can be attributed to the increased construction of skyscrapers.
Further, the report states that one of the major challenges in the market is the fluctuating price of raw materials. The price of iron and steel, which are the major raw materials in the manufacturing of industrial valves, is fluctuating YOY and has an adverse impact on the market.
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