Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • Subscribe!
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings

Valve Wide Open

By Design World Staff | November 27, 2007

Share

Dedham, Massachusetts — Driven by strong project activity, the worldwide control valve market experienced double-digit growth in 2006.  The worldwide market for control valves is expected to grow at a compounded annual growth rate (CAGR) exceeding 5% over the next five years.  The market, which approached $4 billion in 2006, is forecasted to exceed $5 billion in 2011, according to a new ARC Advisory Group study.

The global control valve market is in the midst of a phase of unprecedented growth due to booming Greenfield plants in developing countries and exploding investment in oil & gas exploration and production.  “Much of the growth in the forecasted period will occur over the next two years as new construction projects in Asia soar and the oil & gas market boom continues.  Following this increase, ARC Advisory Group expects a short-term dip in global control valve sales as the period of breakneck growth comes to an end.  Long term year-on-year growth is then expected to taper to traditional levels,” according to Senior Analyst David Clayton, the principal author of ARC’s “Control Valve Worldwide Outlook” www.arcweb.com/res/cvap.

Wireless Technologies Help Digital Positioner Adoption

According to ARC, adoption of wireless technologies is a means of providing customers a cost effective solution to connecting production assets, like valves, to asset management and control systems, and it opens up many possibilities for improved control and optimized production by adding more field data that was previously too costly.  Many of the leading control valve suppliers are adding wireless connectivity to their digital positioner products, because wireless not only allows manufacturers to connect valves to their systems, but also serves as a justification for them to replace older pneumatic positioners with digital positioners.  Control valve suppliers are increasingly collaborating with manufacturers and wireless standards bodies, such as SP100 and the Wireless HART initiative, to develop standards-based wireless digital positioners that fulfill customer needs and expectations.

The Middle East Overtakes China

Though China still represents significant growth opportunities, the Middle East has quickly become the regional market offering control valve suppliers the greatest growth potential.  Suppliers can expect increasing growth opportunities in the Middle East due to its high concentration of oil & gas activities.

www.arcweb.com

.: Design World :.


Filed Under: Electronics • electrical, Fluid power, Valves

 

Tell Us What You Think!

Related Articles Read More >

molex-premo-flex
Premo-Flex one-touch flat flexible cable (FFC) jumpers
Heilind Electronics expands Hirose offering with D.FL75 professional video series micro coaxial connector
Heilind Electronics expands cable management portfolio with HellermannTyton In-Line Ratchet P-Clamp
Heilind Electronics announces Technology Now: Power Up virtual expo

DESIGN GUIDE LIBRARY

“motion

Enews Sign Up

Motion Control Classroom

Design World Digital Edition

cover

Browse the most current issue of Design World and back issues in an easy to use high quality format. Clip, share and download with the leading design engineering magazine today.

EDABoard the Forum for Electronics

Top global problem solving EE forum covering Microcontrollers, DSP, Networking, Analog and Digital Design, RF, Power Electronics, PCB Routing and much more

EDABoard: Forum for electronics

Sponsored Content

  • Industrial disc pack couplings
  • Pushing performance: Adding functionality to terminal blocks
  • Get to Know Würth Industrial Division
  • Renishaw next-generation FORTiS™ enclosed linear encoders offer enhanced metrology and reliability for machine tools
  • WAGO’s smartDESIGNER Online Provides Seamless Progression for Projects
  • Epoxy Certified for UL 1203 Standard

Design World Podcasts

July 26, 2022
Tech Tuesdays: Sorbothane marks 40 years of shock and vibration innovation
See More >
Engineering Exchange

The Engineering Exchange is a global educational networking community for engineers.

Connect, share, and learn today »

Design World
  • Advertising
  • About us
  • Contact
  • Manage your Design World Subscription
  • Subscribe
  • Design World Digital Network
  • Engineering White Papers
  • LEAP AWARDS

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • Subscribe!
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings