Table of Contents
Increased Gas Pipeline Projects Will Likely Boost Growth
This research service analyzes current and future trends in the Chinese industrial valves and actuators market. Analysis is based on different end-user industries, and the impact of various market drivers, restraints, and challenges on time scale is discussed. The research service covers the competitive structure and provides market share analysis of the total market. The study includes the impact of urbanization, global economic status, and the Chinese economic transformation. The trend in the industrial valves and actuators market shows a growing awareness to bring reliability and quality within the overall framework of technology upgradation that is driving up prices. The forecast period is from 2014 to 2020, with 2013 as the base year.
-The Chinese industrial valves and actuators market is growing and is forecast to have a compound annual growth rate (CAGR) of % from 2013 to 2020.
-Increased expenditure in the oil and gas and power generation industries is the main factor driving demand for industrial valves and actuators in China.
-Eastern China has the highest regional concentration in the industrial valves and actuators market.
-With better actuation capabilities, quarter-turn valves are slowly eroding the market share of multi-turn valves.
-Replacements and retrofits from the increased demand of plant automation at operation sites have boosted the demand for automated valves and actuators.
-In the actuators segment, electric actuators are forecast to have the highest growth because of benefits in terms of maintenance and ease of automation. Pneumatic actuators, however, will likely continue as the dominant product type because of the high stem force output for demanding service conditions.
Executive Summary—CEO’s Perspective
1 Increasing demand for automation in process industries drives growth.
2 National projects will likely provide sustainable growth opportunities for the industrial valves and actuators market.
3 Service and maintenance are the best tools to capture the market.
4 Investment into R&D is required to create innovative products in this market space.
5 Government influence and targeted spending favor domestic companies.
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