The report, now avbailable on ASDReports recognizes the following companies as the key players in the Global Industrial Valves and Actuators Market: Cameron International, Emerson Electric, Flowserve and Pentair
Other Prominent Vendors in the market are: Alfa Laval, AVK Group, Crane, Curtiss-Wright, GE, Honeywell International, IMI, Kitz, KSB Group, Neway Valve (Suzhou), Rotork, Valvitalia Group, Velan and Weir Group
Commenting on the report, an analyst from The report’s team said: “The growing oil and gas infrastructure in China is expected to increase the demand for industrial valves and actuators in the coming years. China accounts for the world's largest shale gas reserves and is likely to invest heavily in its development during the forecast period. This will reduce its reliance on coal-related energy and will promote the use of clean energy such as natural gas.”
According to the report, the booming oil and gas industry in Africa is a key factor fueling market growth. The growing population, urbanization, and a rise in the middle classes have increased the demand for oil and gas in the continent. In addition, huge oil and gas reserves in Africa have already attracted hundreds of companies, thereby accelerating the exploration and production activities in the region, which in turn has resulted in huge demand for industrial valves and actuators.
Further, the report states that volatile oil and gas prices have always posed a challenge for companies and end-users.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.