RADAR in the Valve Market, 2019 - Manufacturers with Greater Market Penetration are Emerson; Flowserve Corp; Baker Hughes; Cameron Intl; and Metso - ResearchAndMarkets.com
The "RADAR
in the Valve Market" report has been added to ResearchAndMarkets.com's
offering.
The research radar reveals the market positioning of companies in the
industry using their Growth & Innovation scores as highlighted in the
research Radar methodology. The document presents competitive profiles
on each of the companies in the research radar based on their strengths,
opportunities, and a small discussion on their positioning.
The publisher analyzes hundreds of companies in the industry and
benchmarks them across 10 criteria on the research radar, where the
leading companies in the industry are then positioned. Industry leaders
on both the Growth & Innovation indices are recognized as best practice
recipients.
Process industries such as oil & gas, chemical, and power generation are
undergoing digital transformation to gain the competitive edge. With a
focus on digital transformation, there is an equal emphasis on improving
reliability and efficiency of assets on site. In addition, a surge in
unplanned maintenance of applications and process systems is largely due
to failure of equipment such as valves, motors, pumps, and other
rotating equipment.
Companies are investing in remote condition monitoring services and
valve diagnostics, thereby, addressing unmet maintenance needs. In
addition, refurbishment of aging infrastructure and public investment in
renovation, coupled with growth of power generation and desalination,
will aid demand for valves and services.
Given the focus of end markets on environmental issues, enhanced safety
regulations and stricter emission norms will drive the need to upgrade
existing refineries and increase demand for valve monitoring. From a
geographic perspective, Asia-Pacific (APAC) will continue to be the
largest end-market geography, driven by the economic growth in nations
such as India and Indonesia. Thirty companies were analyzed and
evaluated for growth penetration and innovation leadership. Companies
include large-and medium-size valve manufacturers, pure play service
providers, and technology start-up companies in the asset and process
remote monitoring market.
The list of valve manufacturers with greater market penetration included
Emerson; Flowserve Corporation; Baker Hughes, a GE Company (BHGE);
Cameron International; and Metso. Medium-size valve manufacturers
include Crane Fluid Systems, CIRCOR Energy, IMI Critical Engineering,
Burkert Fluid Control Systems, Bray International, GEA, Quadax Valves
Inc., Neway Valve, Velan, and Norriseal-Wellmark. Small-size valve
manufacturers include Habonim, OMB Valves, KITZ Corporation, and Arrow
Valves.
Services companies offering aftermarket valve services such as turning,
boring, milling, drilling, grinding, polishing, welding, and other
advanced solutions such as remote monitoring of operating parameters and
the assets for critical valve applications include MRC Global, SAMSON
Controls, Bonney Forge, Trisense AS, Stork B.V., and United Valve
Services. AUMA and Rotork Controls are involved in advancement in
positioners and actuators.
Some of the key takeaways include how use of sensor-based technologies
by end users to tackle the surge in unplanned maintenance, increase in
downtime, and rise in maintenance costs is driving leaders of the valves
market, such as Emerson; Baker Hughes, a GE Company (BHGE); Metso; and
Flowserve Corporation to invest and lead innovation in smart
positioners, remote monitoring solutions, and other services. In
addition, demand for one-stop solution providers for maintenance and
spare part optimization is creating the opportunity for technology-based
contenders such as Trisense AS, Quadax Valves Inc., MRC Global, Samson
Controls, and Habonim.
Finally, diversification in served end markets and a shift from
conventional maintenance to complete valve solution providers will
propel the growth of companies such as L&T Valves, Arrow Valves, Burket
Fluid Control Systems, and United Valve Services.
Key Topics Covered
1. Industry Overview
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Industry Overview
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Industry Trends
2. The Research Radar - Valve Market
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Description of Companies Plotted
3. C2A - Market Participant Profiles
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Arrow Valves Ltd.
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AUMA
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AVK Group
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Bonney Forge Corporation
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Bray International
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Burkert Fluid Control Systems
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Cameron International (Schlumberger)
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CIRCOR Energy
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Crane Fluid Systems
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Emerson
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Flowserve Corporation
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FMC Technologies (Technip FMC)
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Baker Hughes, a GE Company (BHGE)
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GEA
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Habonim
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IMI Critical Engineering
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KITZ Corporation
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L&T Valves
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Metso
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MRC Global
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Neway Valve
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Norriseal-WellMark
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OMB Valves S.p.A.
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Quadax Valves Inc.
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Rotork Controls
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SAMSON Controls
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Trisense AS
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Stork B.V.
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United Valve Services
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Velan
4. The Last Word
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