Published Date: 2020-02-17 | Pages: 140 | Tables: 165 | Report ID: 7584 | Industry: Machinery & Equipment | Format :
Growing automation across various industries has induced the need for components that efficiently monitor a wide range of temperatures, pressure levels, flow, and other aspects. This is why the introduction of Pneumatic Valve technology has benefited various industries ranging from chemical, oil and gas, medical to power industries, which require safe and precise control of the actuators.
Emerson Unveils ASCO Series 273 Pinch Valve
For instance, in the late 2019, Emerson has launched its ASCO Series 273 Pinch Valve for the life sciences applications. This series has expanded the company’s pneumatic valve offering to single-use bioreactor and fermentation tanks, chromatography skids, tangential flow filters (TFF), and various other drug discovery lab applications.
Some of the key manufacturers operating in the Pneumatic Control Valve market include Honeywell, Emerson, Zhejiang Zhongde, Flowserve, Wuxi Smart Control, Zhejiang Sanfang, Juliang Valve, Samson AG, Wenzhou Lipu, KOSO, Pentair, Metso, Cameron, Owen Kelly, and Kitz Group. Other companies are likely to consider new product development as the key to their future growth.
Adoption of Advanced Technologies to Give Market Growth a Boost
Advent of advanced technologies such as Industry 4.0 and IoT by the manufacturers is likely to open doors for the Pneumatic Control Valve market. Also, surge in the oil and gas exploration activities has resulted in increased demand for Pneumatic Control Valves. Growing trend for smart industrial valves is likely to positively impact the growth of the Pneumatic Control Valve market in the years to come.
By Product Type
● Cast Iron
● Stainless Steel
● Oil & Gas
● Power Industry
Although demand for Pneumatic Control Valve is increasing across many industries, the oil and gas sector forms the major end-use industry. The oil and gas production related facilities are increasingly adopting the Pneumatic Control Valves as they help in efficient plant operation. The report also offers detailed analysis of the key product types, including cast iron, stainless steel, copper, and others. Out of these, demand for stainless steel will witness an upsurge in the years to come.
As per the analysts, Asia Pacific will witness promising growth in the years to come as the manufacturers of Pneumatic Control Valve are shifting their base from the developed economies to this region. Establishment of novel oil & gas production facilities in China will increase the application of Pneumatic Control Valves, thus positively impacting the growth of the APAC market.
The machinery and equipment sector is always undergoing changes with evolution in technology. Machinery and equipment include a wide range of products for various applications. Players are constantly striving to bring in innovation for efficiency and to remain relevant in the cutthroat competition. QYR Consulting brings to its readers reports ranging from heavy trucks to automated teller machines. These reports have been written after a careful analysis of the growth of the market over decades and by taking into account its trajectory.
The titles below discuss opportunities, threats, strengths, and restraints present in the machinery and equipment sector. Our dedicated team of analysts have compiled key statistics that define the trends so far and highlight the key areas of development. The collection of reports track the potential areas for investments and the upcoming trends, which could be the defining moments for the industry.
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