New ARC Advisory Group research on the Control Valves market reveals that a recent run up in aftermarket orders and signs of new project activity point to a rebound in revenues for 2018. The return to growth was already seen in some pockets of the global market in 2017, most notably the electric power generation and chemical industries in China. The MRO business in North America also experienced growth during 2017. Looking forward, ARC expects growth to return across all four major world regions and all major vertical industries as control valve suppliers begin to recognize revenues associated with previously delayed new construction projects coming back on line.
“For the first time in nearly four years, many of the world’s largest energy companies are considering another round of megaprojects. These megaprojects, which had been postponed since oil prices crashed in 2014, were a key factor to the strong run of growth the global control valve market enjoyed between 2010 and 2014. If another round of megaprojects does indeed proceed, it could help fuel growth in the global control valve market through the forecast period covered by this report,” according to David Clayton, Director of Research at ARC Advisory Group and key author of ARC’s Control Valves Global Market Research 2017-2022 report.
About the Control Valves Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the control valve market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by industry, revenue category, component type, application, project type, and sales channels.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes four years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.