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Analysis of the Southeast Asian Industrial Valves and Actuators Market : Increasing Oil and Gas Exploration and Production Likely to Boost the Market

  • February 2015
  • -
  • Frost & Sullivan
  • -
  • 73 pages

Summary

Table of Contents

Key Findings

•The total Southeast Asian (SEA) industrial valves and actuators market is in a growth stage. In 2013, the market generated $ x million and had a growth rate of x %. It is expected to experience a CAGR of x % from 2013 to 2018.
•The market is highly dependent on investments being made in oil and gas. Sectors expected to drive growth are power generation, which will spur demand for valves installation, and water and wastewater treatment, which will drive demand for retrofits.
•Within the industrial valves segment, quarter-turn valves, which are in greater demand, had a market share of x %, while control valves held about x % and multi-turn valves about x % in 2013. Ball and butterfly are the most extensively used quarter-turn valves due to their size and reliability.
•The market being extremely fragmented will offer valve and actuator manufacturers high penetration opportunities. Moreover, end users’ focus on greater level of energy efficiency, increased automation, and modernization of plants will also drive demand.
•With the advent of Internet of Things, focus will increase on valve automation, which can facilitate wireless monitoring of valves in remote pipelines and subsea exploration units.
•Indonesia will continue to be the largest market, followed by Malaysia and Thailand, with a wide range of opportunities in the energy and utilities sectors.

CEO’s Perspective

Setting up manufacturing plants locally closer to end users will enable vendors offer greater support thereby penetrating the market further.
Supporting channel partners through training regarding product portfolio and service offering will enhance brand name as indirect sales is the predominant distribution channel.
Suppliers need to focus on delivery time and aftermarket service support to end users to sustain growth.
Wireless monitoring benefit in valves and actuators for end users is expected to drive greater adoption.
Retrofit opportunity is set to grow in select regions where end-user spending is cautious due to political and economic volatility.

Definitions

A valve is a mechanical device that regulates the flow of either a medium (liquid or gas) or pressure within a system.
•A control valve responds to signals from controllers that compare a set point to a value provided by change-monitoring sensors and adjusts conditions such as flow, pressure, temperature, or liquid level by fully or partially opening or closing.
•A multi-turn valve requires multiple turns of the stem to open or close it. Its types include gate, globe, pinch, diaphragm, and needle valves.
•A quarter-turn valve requires a 90-degree turn of the stem to open or close it. Its types include ball, butterfly, and plug valves. An actuator controls a valve with a motor, piston, or other device.
•A hydraulic actuator uses pressurized liquid—usually water or oil—to automatically or semi-automatically position the valve.
•A pneumatic actuator uses air pressure to operate the valve.
•An electric actuator remotely controls a valve with a reversible motor connected to it through a gear.

Oil and Gas: This industry encompasses all exploration activities, pipelines, terminal distribution, and other processes up to the point of shipment to customers. However, support service providers for the oil and gas sub-sectors are not included.
Power Generation: The power industry includes power suppliers, that is, coal or nuclear power plants as well as alternative and renewable energy sources. It does not include power transmission and distribution.
Metals and Mining: The metals and mining industry includes all kinds of metallurgical processes (such as casting and rolling) as well as metalworking. The processing of both ferrous and non-ferrous metals is considered as part of this industry.
Chemicals and Petrochemicals: The chemicals and petrochemicals industry includes companies that manufacture basic chemicals, chemicals used in manufacturing, chemical end products (soaps and cosmetics), and specialty end products.
Water and Wastewater Treatment: The water and wastewater industry includes water treatment systems, water storage, and water supply and distribution networks that provide clean and potable water to the population and to industrial facilities.
Others: Other industries include pulp and paper, food and beverage, and pharmaceutical.

Key Questions This Study Will Answer

Is the Southeast Asian industrial valves and actuators market growing, how long will it continue to grow, and at what rate?
Are the existing competitors structured correctly to meet customer needs?
What are the major application segments for industrial valves and actuators? How are they expected to grow during the forecast period?
What trends is the market witnessing that either drive or restrain it?
Are the products/services offered today meeting customer needs or is additional development needed?
Who are the major market participants? How do they handle competition?

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