DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/sngpgt/industrial_valves) has announced the addition of the "Industrial Valves Market in the APAC Region 2015-2019" report to their offering.
The Industrial Valves market in the APAC region to grow at a CAGR of 7% over the period 2014-2019
Industrial valves and actuators are devices that are widely used in industrial production processes to control the flow of fluids and gases. These valves can be controlled either manually or automatically. There are different types of valves according to the needs of the production process. Industries worldwide are increasingly using valves because they enhance production efficiency as well as safety of employees.
The presence of a large number of international vendors is one of the major trends in the market. The availability of abundant minerals and low-cost labor has led to the establishment of many manufacturing facilities in the APAC region. Government initiatives and programs such as increased FDI across various industries led to the entry of several valve manufacturers in this region.
According to the report, one of the major drivers in the market is the increased growth in the Construction industry. The Construction industry in the APAC region is growing rapidly, which can be attributed to the increased construction of skyscrapers.
Further, the report states that one of the major challenges in the market is the fluctuating price of raw materials. The price of iron and steel, which are the major raw materials in the manufacturing of industrial valves, is fluctuating YOY and has an adverse impact on the market.
- Cameron International
- Emerson Electric
Key Topics Covered:
List of Abbreviations
Scope of the Report
Market Research Methodology
Key Leading Countries
Market Growth Drivers
Drivers and their Impact
Impact of Drivers and Challenges
Trends and their Impact
Key Vendor Analysis
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