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SEA and ANZ Industrial Control Valves Market to Grow at 12.3% CAGR from 2010-2017 Finds Frost & Sullivan - Industrial control valve manufacturers to emphasize R&D to attract customers in a constrained market - IndustrialAutomation.Frost.com
SEA and ANZ Industrial Control Valves Market to Grow at 12.3% CAGR from 2010-2017 Finds Frost & Sullivan

 

PRZOOM - /newswire/ - Singapore, Singapore, 2011/08/17 - Industrial control valve manufacturers to emphasize R&D to attract customers in a constrained market - IndustrialAutomation.Frost.com.

   
 
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The industrial control valves market in Southeast Asia and Australia and New Zealand is on course to achieving the forecast revenues of US$1.85 billion in 2017, mostly due to the sustained demand from conventional end users such as oil and gas, paper and pulp, and mining, especially in Australia. The receding effects of the economic downturn have pumped up the demand for control valves again.

New analysis from Frost & Sullivan (industrialautomation.frost.com), Southeast Asia and Australia New Zealand Industrial Control Valves Market, finds that the market earned revenues of US$825.0 million in 2010 and estimates this to reach US$1.85 billion in 2017.

“As markets gradually limp back to normalcy, end users will be attracted to control valves’ benefits of direct savings by way of fewer valve failures, reduced downtimes, technical support, and process improvement,” says Frost & Sullivan Research Analyst Krishnan Ramanathan. “Newer and more advanced control valves are being introduced to cater to an expanding end-user base.”

Control valve manufacturers are focusing more on safety, as nuclear energy is becoming a major source of power generation in several countries. Another area of revenue generation is industrial control valve asset management, as cost avoidance is a key focus area for companies that are still shaking off the effects of the slowdown.

The recovery in the control valves market is likely to be protracted, without any spurts in growth in the next two to three years, as revenues have barely reached the pre-2008 levels. As in almost every market during the downturn, the lack of credit had resulted in lower investments in R&D.

Smaller participants with sparse R&D resources were especially hard hit by the competition from larger participants. However, the market is highly fragmented despite most end users preferring to obtain all their resources from a single manufacturer.

“Countries such as Singapore, Malaysia, Thailand, Australia and New Zealand are home to several multinational companies in the control valves sector and companies have started investing in newer technologies,” notes Ramanathan. “While retrofits can serve as a source for control valves in developed regions such as Australia and Singapore, newer projects will serve as a driver in the developing markets of Indonesia and Thailand.”

If you are interested in more information on this study, please send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

Southeast Asia and Australia New Zealand Industrial Control Valves Market is part of the Industrial Automation & Process Control Growth Partnership Services programme, which also includes research in the following markets: Fieldbus and Ethernet market in South East Asia and Australia and New Zealand, Welding equipment market in Thailand. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.

Southeast Asia and Australia New Zealand Industrial Control Valves Market / P51F

 
 
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SEA and ANZ Industrial Control Valves Market to Grow at 12.3% CAGR from 2010-2017 Finds Frost & Sullivan

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