NEW YORK, May 4, 2016 /PRNewswire/ -- Strategic Analysis of the Global Industrial Valves and Actuators Market : Low Oil Prices Likely to Negatively Impact Market Over the Short Term
This study offers an analysis of the global industrial valves and actuators market. The market drivers and restraints have been provided for the forecast period, which runs through to 2020 with 2015 as the base year. The revenue forecast and market share have been discussed with regard to the different types of valves and actuators as well as end users. The key end-user industries including oil & gas, power generation, chemical, mining, water & wastewater, and others have also been discussed. A detailed regional breakdown covering North America, Europe, the Middle East and Africa (EMEA), Asia-Pacific, and Rest of World (RoW) has been provided with revenue forecasts for both product type and end-user industries. Trends by technology and pricing have also been discussed.
The global industrial valves and actuators market is in a decelerating phase and is forecast to have a compound annual growth rate (CAGR) of % between 2015 and 2020.
The low oil prices have resulted in downsizing in the oil & gas sector in terms of exploration activities and manpower in order to reduce costs. This situation is not expected to get better over the short term (2016–2017).
In 2016, the demand is likely to increase in the power generation and water & wastewater segments owing to the rapid urbanization expected in the emerging economies, namely, China and India.
There will be significant opportunities for growth for vendors addressing the market for unconventional energy sources of energy, namely, shale gas, sub-sea and oil sands, mainly in North America, Latin America, and Western Africa, during the long term of the forecast period (2020).
The demand for actuated valves is expected to rise, considering an increase in customer requirements for valve operation diagnostics, safety, and higher operating efficiencies during the forecast period.
Read the full report: http://www.reportlinker.com/p03812615-summary/view-report.html
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: firstname.lastname@example.org
Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/strategic-analysis-of-the-global-industrial-valves-and-actuators-market-300263291.html