Overview of the global industrial valve cover gasket market
Technavio’s market study identifies the increased use of diesel generators in the end-user industries to be one of the primary growth factors for the industrial valve cover gasket market. Factors such as frequent power outages in the industries increased power requirement in residential areas, and diesel generators reduce downtime in the industries influence the use of diesel generators in the end-user industries. Diesel is utilized as power backup option as power outages in industries results in loss of revenue and loss of productivity. Industrial valve cover gaskets are used for ensuring fuel efficiency and energy savings in diesel generators. The market analysts estimate that the market will post a revenue of around USD 10 million by 2021.
The rising need for electricity among the population is influencing the growth of the power industry in the Americas, EMEA, and APAC. Various M&A across various industries such as automotive, oil and gas industry, chemical and petrochemical industry and electronics industry, will increase the number of manufacturing and production units. Growing industries will demand adoption of diesel engines for power backup. The increasing M&A is identified to be one of the key trends contributing towards the growth of the industrial valve cover gasket market.
Competitive landscape and key vendors
The industrial valve cover gasket market is slightly concentrated due to the presence of limited vendors operating in the market. The valve cover gasket market is dominated by the end-users as they have the stronger bargaining power that facilitates switching between vendors at minimum cost. Vendors in this market operate in related markets as well.
The leading vendors in the market are
- Caterpillar
- Cummins
- Dana Incorporated
- Mitsubishi Heavy Industries
The other prominent vendors in the market are Nipparts, Daimler Trucks North America, DEUTZ, ISUZU Motors, and John Deere.
Segmentation by end user and analysis of the industrial valve cover gasket market
- Process industries
- Discrete industries
The primary end-users under the process industries are power industry, oil and gas, and chemical and petrochemical industry, as these industries have an increasing demand for backup power supply. Furthermore, the rising need to reduce the downtime and improve the safety of operations and workers will influence the demand for the valve cover gasket market.
Geographical segmentation and analysis of the industrial valve cover gasket market
The exponentially growing process and discrete industries located in APAC demand for uninterrupted power supply, and the increasing environmental hazards in the region that result in power outages contribute to the growth of the valve cover gasket market. Additionally, the rising demand for electricity due to the growing population will further the growth of this region.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global industrial valve cover gasket market?
- What are the key market trends impacting the growth of the global industrial valve cover gasket market?
- What are the challenges to market growth?
- Who are the key vendors in the global industrial valve cover gasket market?
- What are the market opportunities and threats faced by the vendors in the global industrial valve cover gasket market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global industrial valve cover gasket market?
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: MARKET SEGMENTATION BY END-USER
- Market overview
- Global industrial valve cover gasket in process industries
- Global industrial valve cover gasket in discrete industries
PART 07: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- APAC – Market size and forecast
- EMEA – Market size and forecast
- Americas – Market size and forecast
- Market opportunity
PART 08: DECISION FRAMEWORK
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Diesel power plants
- Green energy products
- Increasing mergers and acquisitions
PART 11: VENDOR LANDSCAPE
- Competitive landscape
- Other prominent vendors
PART 12: KEY VENDOR ANALYSIS
- Caterpillar
- Dana Incorporated
- Cummins
- Mitsubishi Heavy Industries
PART 13: APPENDIX
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
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape