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Wirelessly Monitored Industrial Valves and Actuators Set to Transform the Southeast Asian Automation Industry Finds Frost & Sullivan - Strong uptake expected from the oil & gas, chemicals & petrochemicals, power generation, and water & wastewater sectors - Frost.com
Wirelessly Monitored Industrial Valves and Actuators Set to Transform the Southeast Asian Automation Industry Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Kuala Lumpur, Malaysia, 2015/05/12 - Strong uptake expected from the oil & gas, chemicals & petrochemicals, power generation, and water & wastewater sectors - Frost.com.

   
 
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The Southeast Asian (SEA) industrial valves and actuators market is highly dependent on widespread investments made in the oil and gas industry for its growth. However, demand for industrial valves and actuators will also emerge from the power generation and chemicals and petrochemicals sector, while retrofit opportunities will arise from the water and wastewater treatment industry. Indonesia will continue to be the largest market, followed by Malaysia and Thailand.

New analysis from Frost & Sullivan, Analysis of the Southeast Asian Industrial Valves and Actuators Market, finds that the market earned revenues of US$460.1 million in 2014 and estimates this to reach US$571.0 million in 2018. The study covers control, quarter-turn and multi-turn valves as well as electric, pneumatic and hydraulic actuators.

For complimentary access to more information on this research, please visit corpcom.frost.com/.

“Despite the extremely fragmented nature of the SEA market, valve and actuator manufacturers have high growth potential as end users expect greater levels of energy efficiency, increased automation, and modernisation of plants,” said Frost & Sullivan Industrial Automation & Process Control Senior Research Analyst Vandhana Venkatesan. “With the advent of the Internet of Things, market participants’ future lies particularly in automation solutions, which can facilitate the wireless monitoring of industrial actuators and valves in remote pipelines and subsea exploration units.”

However, intense competition from low-cost valve and actuator manufacturers from China and India has been a dampener for the development of the SEA market. Existing manufacturers have landed up achieving low profit margins and might thus eventually compromise on the quality of products, leading to lower adoption rates.

“Due to the dominance of indirect sales, market participants should support channel partners through training on product portfolio and service offerings to enhance their brand name,” advised Venkatesan. “By combining this with a strong focus on delivery time and aftermarket service support, market participants will be able to expand their customer base.”

Analysis of the Southeast Asian Industrial Valves and Actuators Market is part of the Industrial Automation & Process Control (industrialautomation.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Automation and Control Market in Emerging ASEAN Countries Laos, Cambodia, and Myanmar, Global Industrial Air Compressor Market, Automation and Control Market in the Philippines, and Australia-New Zealand Industrial Valves and Actuators Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Analysis of the Southeast Asian Industrial Valves and Actuators Market / P7CF-10

Contact: Melissa Tan - Corporate Communications Asia Pacific
P: +65 6890 0926 / F: +65 6890 0999 - E: melissa.tan[.]frost.com.

 
 
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Wirelessly Monitored Industrial Valves and Actuators Set to Transform the Southeast Asian Automation Industry Finds Frost & Sullivan

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Frost & Sullivan | Valves and Actuators
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