Control Valves Market by Application, Product, and Geography - Forecast and Analysis 2023-2027

Published: Dec 2022 Pages: 169 SKU: IRTNTR70428

The control valves market is estimated to grow at a CAGR of 5.25% between 2022 and 2027. The size of the market is forecast to increase by USD 2,597.26 million. The growth of the market depends on several factors, including the rising investments in fluid handling, the growth in renewable energy, and stringent environmental regulations.

This report extensively covers market segmentation by application (pneumatic, electrical, and hydraulic), product (sliding shaft and rotating shaft), and geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Control Valves Market During the Forecast Period?

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Control Valves Market: Key Drivers, Trends, Challenges, and Customer Landscape

The rising investments in fluid handling are notably driving the market growth, although factors such as fluctuations in raw material prices may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Control Valves Market Driver

The rising investments in fluid handling are notably driving the control valve market growth. Globally, investments in fluid handling technology have been on the rise in industries such as oil and gas and water and wastewater. The shale oil boom in North America has resulted in high demand for fluid handling equipment and components such as control valves. These control valves are required to control the shale oil exploration and production process as well as to maintain the smooth flow of shale oil while transporting it through pipelines. The commencement of new upstream oil and gas exploration projects is expected to drive demand for control valves in the oil and gas industry. In the US, the new shale oil projects under development will require the construction of new pipelines for transporting the shale oil.

The water and wastewater industry is another major end-user of fluid handling technology owing to the growing stringency of the regulations on clean and pre-treated water. New water and wastewater treatment projects are in progress globally, with North America, APAC, and the Middle East leading the charge for new water and wastewater projects. In North America, the industry is driven by the need to revive and revamp its water and wastewater infrastructure, while in regions such as Asia and Latin America, additional water and wastewater projects are necessary to cater to the growing demand for water. These factors during the initial years of the forecast period, will spur the demand for control valves. 

Significant Control Valves Market Trends

The evolution of valve diagnostics is a major trend in the control valve market. Valves have extensively become an essential part of modern industrial automation that uses advanced diagnostic techniques and technologies. The final control element can directly impact the operational performance of a manufacturing facility in terms of its profitability, plant efficiency, safety, and quality. Valve diagnostics make it easier for maintenance teams and process control personnel to handle and carry out their responsibilities, such as monitoring valve performance and receiving actionable information. It also helps them identify planned maintenance requirements and determine any issues in valves accurately, resulting in improved process output with a minimum delay in operations.

The advent of microprocessor-based valve positioning systems and the integration of information related to valves with supervisory systems have enabled real-time tracking and monitoring of industrial vacuum valves. Online valve diagnostics can enhance process integrity and assist personnel in anticipating, detecting, and addressing future problems accurately. It allows the data generated from sensors and other digital valve positioners (DVPs) to be assimilated, analyzed, and presented to the end-user, thus eliminating the need to carry out complex calculations and analyses. Such evolutions are expected to drive the growth of the market in focus during the forecast period.

Major Control Valves Market  Challenge

Fluctuations in raw material prices is a major challenge impeding the control valve market growth. Raw material prices play a key role in controlling valve prices, and a rise in raw material prices presents a major challenge for vendors as it can reduce their profit margin. Copper, stainless steel, cast iron, aluminum, brass, and bronze are some of the major raw materials used in control valves. Steel, in the form of cast steel or forged steel, is one of the most common raw materials used in control valves. High-temperature carbon steel, low-temperature carbon steel, and austenitic stainless steel are some of the steel types that are used extensively in the manufacturing of control valves. Keeping in mind the end-users need for more rugged control valves, special metal grades such as super austenitic stainless steel, duplex steel, and super duplex steel, which have strong corrosion and chemical resistance, are also used for some specific applications.

Besides requiring raw materials for the main body of the control valve, different grades and types of metals are required for other parts of a control valve, such as the bonnet, trim, disc, seats, stem, packing, and actuator. The prices of these raw materials fluctuate continuously, either on a weekly or a monthly basis or both. Due to high competition in the market, the manufacturers of control valves cannot pass on the increase in the price of raw materials to consumers and, consequently, face a decline in profit margins. These factors are estimated to hamper the growth of the focused market during the forecast period. 

Key Control Valves Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Control Valves Market Customer Landscape

Who are the Major Control Valves Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Goodwin PLC - The company operates under two segments including mechanical engineering, and refractory engineering with a high focus on mechanical engineering. The company under this segment?specializes in supplying precision-engineered solutions and industrial goods into critical applications. The company's key offerings include control valves. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Alfa Laval Corporate AB
  • Avcon Controls Pvt. Ltd.
  • AVK Holding AS
  • Baker Hughes Co.
  • Bray International Inc.
  • Curtiss Wright Corp.
  • DFT Inc.
  • Emerson Electric Co
  • Flowserve Corp.
  • Honeywell International Inc.
  • IMI Hydronic Engineering Inc.
  • KSB SE and Co. KGaA
  • Parker Hannifin Corp.
  • SAMSON AG
  • Schlumberger Ltd.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Control Valves Market?

The market share growth by the pneumatic segment will be significant during the forecast period. In a pneumatic system, a control valve is a device that modulates or controls the flow of fluid. 

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The pneumatic segment shows a gradual increase in the market share of USD 6,047.74 million in 2017 and continued to grow until 2021. Various vendors offer pneumatic control valves which can be used in the food and beverage industry, petrochemical industry, and others. For instance, Alfa Laval Unique RV-ST regulating valve is a pneumatic single-seat control valve, which is ideal for use as a hygienic product valve in dairy, food, beverage, chemical, pharmaceutical and many other industries. This valve comes with an advanced electro-pneumatic process controller and stem bushings threaded to the actuator shaft. Thus, pneumatic control valves primarily find application in refineries and in the petrochemical industry. Chemical and petrochemical plants are vulnerable to high risks owing to the complexity of different processes and, therefore, must comply with strict regulatory and safety standards with respect to emissions. The growing regulatory norms on emissions have increased the importance of pneumatic control valves in the chemical and petrochemical industry. Moreover, pressure-reducing pneumatic control valves are used to control the pressure of the air delivered to pneumatic control systems. Therefore, such factors will drive the growth of the pneumatic control valves segment during the forecast period. 

Which are the Key Regions for the Control Valves Market?

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APAC is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

China, Japan, India, and South Korea will lead the growth of the control valves market in APAC during the forecast period. The rapid growth of food and beverages and oil refining capacities in the region is driving the growth of the control valves market across it.

The increasing penetration of automobiles in China and India is augmenting the demand for fuel. This is leading to new capacity additions in crude oil refining across the region. Similarly, China is also investing heavily in the construction of natural gas pipelines to import natural gas from countries and distribute it to its megacities for residential and commercial heating applications. These trends are driving the demand for specialized equipment which uses control valves as their component. Increasing production of this equipment in the region is increasing the demand for control valves, thus propelling market growth.

Similarly, the increasing demand for processed food in APAC is driving the growth of the food processing industry. The food processing industry is expected to grow at a double-digit growth rate in this region over the forecast period due to the rising disposable household income, urbanization, and improvement in supply and distribution infrastructure. The increasing demand for industrial refrigeration systems, construction of natural gas pipelines in China, India, and South Korea, and the growth of the consumer durable industry is expected to increase the demand for control valves in APAC, thus augmenting the regional market growth. 

Industrial activities in this region were severely affected in 2020 as the COVID-19 pandemic. However, as the pandemic receded, the recovery of industrial sectors picked up pace in 2021. Capital spending is expected to grow, which is expected to drive the market toward recovery during the forecast period. In APAC, the growing demand for energy is anticipated to revive the growth of the regional control valves market, as it will lead to an increase in oil and gas exploration and production activities. In APAC, the demand for control valves is driven by the demand and production of oil and gas pipelines, which will promote the growth of the regional control valves market for exploration and midstream applications during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Pneumatic
    • Electrical
    • Hydraulic
  • Product Outlook (USD Million, 2017 - 2027)
    • Sliding shaft
    • Rotating shaft
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Control Valves Market Scope

Report Coverage

Details

Page number

169

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.25%

Market growth 2023-2027

USD 2,597.26 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.8

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 31%

Key countries

US, China, Russia, India, and Japan

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Alfa Laval Corporate AB, Avcon Controls Pvt. Ltd., AVK Holding AS, Baker Hughes Co., Bray International Inc., Curtiss Wright Corp., DFT Inc., Emerson Electric Co, Flowserve Corp., Goodwin PLC, Honeywell International Inc., IMI Hydronic Engineering Inc., KSB SE and Co. KGaA, Parker Hannifin Corp., SAMSON AG, Schlumberger Ltd., Trillium Flow Technologies, Valmet Corp., Valvitalia SpA, and Watts Water Technologies Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Control Valves Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the control valves market  between 2023 and 2027
  • Precise estimation of the control valves market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across APAC, Europe, North America, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of control valves market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global control valves market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global control valves market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Pneumatic - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Pneumatic - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Pneumatic - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Pneumatic - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Pneumatic - Year-over-year growth 2022-2027 (%)
    • 6.4 Electrical - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Electrical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Electrical - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Electrical - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Electrical - Year-over-year growth 2022-2027 (%)
    • 6.5 Hydraulic - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Hydraulic - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Hydraulic - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Hydraulic - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Hydraulic - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 47: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 49: Chart on Comparison by Product
      • Exhibit 50: Data Table on Comparison by Product
    • 7.3 Sliding shaft - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Sliding shaft - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Sliding shaft - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Sliding shaft - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Sliding shaft - Year-over-year growth 2022-2027 (%)
    • 7.4 Rotating shaft - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Rotating shaft - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Rotating shaft - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Rotating shaft - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Rotating shaft - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Product
      • Exhibit 59: Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Russia - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Russia - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Russia - Year-over-year growth 2022-2027 (%)
    • 9.11 India - Market size and forecast 2022-2027
      • Exhibit 97: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Alfa Laval Corporate AB
              • Exhibit 112: Alfa Laval Corporate AB - Overview
              • Exhibit 113: Alfa Laval Corporate AB - Business segments
              • Exhibit 114: Alfa Laval Corporate AB - Key news
              • Exhibit 115: Alfa Laval Corporate AB - Key offerings
              • Exhibit 116: Alfa Laval Corporate AB - Segment focus
            • 12.4 Avcon Controls Pvt. Ltd.
              • Exhibit 117: Avcon Controls Pvt. Ltd. - Overview
              • Exhibit 118: Avcon Controls Pvt. Ltd. - Product / Service
              • Exhibit 119: Avcon Controls Pvt. Ltd. - Key offerings
            • 12.5 AVK Holding AS
              • Exhibit 120: AVK Holding AS - Overview
              • Exhibit 121: AVK Holding AS - Product / Service
              • Exhibit 122: AVK Holding AS - Key offerings
            • 12.6 Baker Hughes Co.
              • Exhibit 123: Baker Hughes Co. - Overview
              • Exhibit 124: Baker Hughes Co. - Business segments
              • Exhibit 125: Baker Hughes Co. - Key news
              • Exhibit 126: Baker Hughes Co. - Key offerings
              • Exhibit 127: Baker Hughes Co. - Segment focus
            • 12.7 Bray International Inc.
              • Exhibit 128: Bray International Inc. - Overview
              • Exhibit 129: Bray International Inc. - Product / Service
              • Exhibit 130: Bray International Inc. - Key offerings
            • 12.8 Curtiss Wright Corp.
              • Exhibit 131: Curtiss Wright Corp. - Overview
              • Exhibit 132: Curtiss Wright Corp. - Business segments
              • Exhibit 133: Curtiss Wright Corp. - Key offerings
              • Exhibit 134: Curtiss Wright Corp. - Segment focus
            • 12.9 DFT Inc.
              • Exhibit 135: DFT Inc. - Overview
              • Exhibit 136: DFT Inc. - Product / Service
              • Exhibit 137: DFT Inc. - Key offerings
            • 12.10 Emerson Electric Co
              • Exhibit 138: Emerson Electric Co - Overview
              • Exhibit 139: Emerson Electric Co - Business segments
              • Exhibit 140: Emerson Electric Co - Key news
              • Exhibit 141: Emerson Electric Co - Key offerings
              • Exhibit 142: Emerson Electric Co - Segment focus
            • 12.11 Flowserve Corp.
              • Exhibit 143: Flowserve Corp. - Overview
              • Exhibit 144: Flowserve Corp. - Business segments
              • Exhibit 145: Flowserve Corp. - Key news
              • Exhibit 146: Flowserve Corp. - Key offerings
              • Exhibit 147: Flowserve Corp. - Segment focus
            • 12.12 Goodwin PLC
              • Exhibit 148: Goodwin PLC - Overview
              • Exhibit 149: Goodwin PLC - Business segments
              • Exhibit 150: Goodwin PLC - Key offerings
              • Exhibit 151: Goodwin PLC - Segment focus
            • 12.13 Honeywell International Inc.
              • Exhibit 152: Honeywell International Inc. - Overview
              • Exhibit 153: Honeywell International Inc. - Business segments
              • Exhibit 154: Honeywell International Inc. - Key news
              • Exhibit 155: Honeywell International Inc. - Key offerings
              • Exhibit 156: Honeywell International Inc. - Segment focus
            • 12.14 IMI Hydronic Engineering Inc.
              • Exhibit 157: IMI Hydronic Engineering Inc. - Overview
              • Exhibit 158: IMI Hydronic Engineering Inc. - Product / Service
              • Exhibit 159: IMI Hydronic Engineering Inc. - Key offerings
            • 12.15 KSB SE and Co. KGaA
              • Exhibit 160: KSB SE and Co. KGaA - Overview
              • Exhibit 161: KSB SE and Co. KGaA - Product / Service
              • Exhibit 162: KSB SE and Co. KGaA - Key offerings
            • 12.16 Parker Hannifin Corp.
              • Exhibit 163: Parker Hannifin Corp. - Overview
              • Exhibit 164: Parker Hannifin Corp. - Business segments
              • Exhibit 165: Parker Hannifin Corp. - Key news
              • Exhibit 166: Parker Hannifin Corp. - Key offerings
              • Exhibit 167: Parker Hannifin Corp. - Segment focus
            • 12.17 Watts Water Technologies Inc.
              • Exhibit 168: Watts Water Technologies Inc. - Overview
              • Exhibit 169: Watts Water Technologies Inc. - Product / Service
              • Exhibit 170: Watts Water Technologies Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 171: Inclusions checklist
                • Exhibit 172: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 173: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 174: Research methodology
                • Exhibit 175: Validation techniques employed for market sizing
                • Exhibit 176: Information sources
              • 13.5 List of abbreviations
                • Exhibit 177: List of abbreviations
              • in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.
                • slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  INFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases

                  DATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts

                  REPORT WRITING

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