4 Best Control Valve Market Forecast For 2016 -2021

Where is the control valve market headed? What are the current factors driving the market?

Valves are relatively mature product. Many experts agree that design innovation has largely plateaued since the 1960’s.  As you will see in the article by world-renown expert Hans D. Baumann listed below, this is a becoming a major consideration in market growth. 

However, innovation is just one of many factors that determine the control valve market’s growth. Sales levels in any given year are primarily influenced by the performance of the industries that utilize the valves. The most common concern in the various forecasts listed below is the sharp decrease in the price of oil.

Below are listed the best control valve market forecasts for 2016 and beyond.

Let’s take a look:

1. Valve Magazine’s 2016 Market Outlook: Mostly Cloudy

Source: 2016 Market Outlook: Mostly Cloudy

An Insightful article that paints a grey picture of the market in general (with one bright spot) due to the these major factors:

• The price of oil:-the big question is, when will demand begin to grow and prices rise again?
• The slump in China’s economy.

However, the article concludes on a hopeful note. World population growth is expected to reach 9.5 billion by 2050 from it’s present level of 7 billion. The number of people living in cities is expected to jump from it’s current percentage of 60% to over 70%. This will put stress, strain and capacity problems on water delivery and wastewater systems. Which, in turn will increase the need for control valves.

2. Control Valves Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021

Source: Control Valves Market – Global Industry Analysis and Forecast 2015 – 2021

The Bottom Line:

According to the most recent market report published by Transparency Market Research titled Control Valves Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021, the control valve market was valued at US $7.74 billion in 2014. The report estimates the market to grow at a CAGR of 7.0% and reach US$12.14 billion by 2021. The much discussed report  provides a comprehensive analysis of the global control valves market as well as a control valve market forecast for the period from 2015-2021.

The report segments the global control valves market into three categories:

• Pneumatic control valves
• Hydraulic control valves
• Electric control valves,

The market is divided geographically into four regions:

•  North America
• Europe,
• Asia Pacific
• The Rest of the world

Major factors driving the market are:

1. Increasing investment in the oil and gas industry
2. The growing number of pipeline installations for efficient fluid handling across different industries
3. The sprouting demand of processed foods from the emerging markets like China, India and Brazil, which snowballs the demand for control valves to ensure efficient food processing.
4. The increasing demand in the pharmaceutical industry for sophisticated and fast fluid handling systems.
5. The rising number of industrial infrastructure projects in developing countries.

 

3. World Pipelines’ Summary of Transparency Market Research Control Valves Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 – 2021

Source: Control valves market forecast for 2015 – 2021

This post provides you with a free summary of the paid report above. It breaks down the data into easily digestible pieces and gives you the overall tone of the forecast.

 

 

4. International Society of Automation – Control Valves -An Update

Source: Automation Basics: Control valves – an update – ISA

While not a control valve market forecast per se, this is a very concise article on the cutting edge of control valve industry as well as a brief economic outlook of the market. 

The author, Hans D. Baumann, is a world-renown expert on control valves and the holder of over 103 U.S. patents.

Hans attributes some of  the current woes of the industry to the fact that over 85% of all control valves sold today rely on technology from the 1960’s. He argues that while the lack of innovation makes sense from an accountant’s point of view, it allows well established products to lack patent protection. This, in turn, makes these valves easy prey to “knock-offs.”

He then reveals promising new butterfly valve innovation as well as new ways to fight noise and cavitation.

Hans ends the post with his own economic outlook, which is “mildly optimistic.”

Very worth-while reading.

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