LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global industrial spray valves market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The global industrial spray valves market is expected to grow owing to the potential offered by the growing markets of fluid handling and flow control devices in Asia, the Middle East, and Latin America. Globally, manufacturers and distributors of industrial spray valves need to establish their presence constantly in new markets, where latest projects are on the verge of initiation.
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The top three emerging market trends driving the global industrial spray valves market according to Technavio research analysts are:
- Valve monitoring through the Internet
- High growth potential in emerging economies
- Miniaturized spray valves
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Valve monitoring through the Internet
The end-user industries are looking for faster and precise safety functions; thus, remote monitoring of industrial spray valves through the Internet is expected to drive the market during the forecast period. The market for industrial spray valves has been growing, where remote monitoring is a high priority among the end-user industries, especially in the developing countries in Asia, the Middle East, and South America.
According to Raghav Bharadwaj Shivaswamy, a lead analyst at Technavio for automation research, “The deployment of industrial spray valves in harsh and difficult terrain locations has been beneficial for end-user industries such as oil and gas, power generation, and chemical and petrochemical. The growth in valve diagnostics is helpful in identifying the developing problems in spray valves. There is a high potential for adoption of IIoT for monitoring the health of industrial spray valves in APAC, the Middle East, and Latin America.”
High growth potential in emerging economies
The low cost of industrial spray valves is leading to their increased use in industrial applications, such as lubrication, which will enhance the life of industrial assets. There has been a substantial increase in penetration of industrial spray valves in the developing countries such as China, India, Mexico, Brazil, Argentina, Turkey, and Indonesia. Owing to the increasing trend of integrating spray valves and spraying systems, the global industrial spray valves market is expected to have a linear growth. By 2021, the penetration of the global industrial spray valves market is expected to be considerably large in the agriculture, power generation, oil and gas, and chemical and petrochemical industries.
“With the growth in industrial development, adoption of automation, high investments in machinery, and rise in infrastructure facilities, it is estimated that the emerging and developing countries will become the major customers of industrial spray valves. Automation is positively influencing the maintenance of industrial assets, which is leading to the adoption of latest industrial spray valves,” says Raghav.
Miniaturized spray valves
The global trend of making industrial devices smaller is growing in the global industrial spray valves market. The development of smaller devices with LVLP technology enables precision spray control with uniform spray patterns, which is very helpful for the end-users such as oil and gas, chemical and petrochemical, and power generation industries. The reduction in size and supply of robust mini and micro spray valves with high efficiency helps in saving cost and space.
The manufacturers of industrial spray valves are developing their products with unique functions and quick release features, which reduces the downtime significantly. Irrespective of viscosity, these devices are effective in the universal spraying functions. Owing to such benefits, the adoption of miniaturized spray valves is expected to increase further during the forecast period.
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