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Analysis of the European Industrial Valves and Actuators Market, Forecast to 2024
Analysis of the European Industrial Valves and Actuators Market, Forecast to 2024
Automation and Initiatives Like Industrie 4.0 and IIoT are Expected to Drive the Market
21-Jun-2019
Europe
$4,950.00
Special Price $3,712.50 save 25 %
Description
In the last couple of decades, the valve manufacturing industry was focused on identifying low-cost manufacturing destinations as ‘Outsourcing’ had huge pricing benefits. Despite the pricing benefits, low quality and late delivery were serious concerns to the manufacturers and end users. Has the situation changed in recent years? Are valve manufacturers more focused on increasing their competency internally than earlier? Is the concept of ‘Insourcing’ or ‘Reshoring’ of valve manufacturing considered a solution to the issues faced by outsourcing of valve manufacturing?
Let us understand how the valve industry operates before analyzing the advantages and disadvantages of outsourcing of the valve manufacturing process. In low-cost countries, there are two types of companies: US/European companies having their operation in developing countries as well as local companies based only out of the low-cost countries. In the former, activities such as designing, research and development, and testing happen in US/Europe, whereas the labor-intensive production processes such as manufacturing of rough castings for valves and valve parts take place in the low-cost manufacturing regions. This enables the manufacturers to maintain the quality and also have the advantage of low pricing. These companies manufacture products (special or customized valves) or parts (flanges, fittings, etc.) which are large in size or critical in applications. The second set of manufacturers produce standard products (standard valves, flanges, and fittings) in larger volumes and export to developed countries such as the US and Europe through various market channels. Demands for the low-cost manufacturers are usually generated either by direct buyers (process equipment manufacturers and engineering services companies) or indirect buyers (agents and distributors).
Quality has been a serious concern for purchasers ever since the concept of outsourcing was introduced in valve manufacturing. Huge investments are made by valve manufacturers to improve the production and process. Along with investments, many standards are created and implemented to ensure quality and to increase repeatability of products manufactured in low-cost manufacturing countries. Specifications and guidelines are provided for vendor qualification, weld procedures, inspection and testing, and compliance certificates.
Valve manufacturers are still debating on quality concerns and pricing benefits of ‘Outsourcing’ of valve manufacturing. Valve experts and manufacturers consider automation to reduce the labor cost difference and increase the scale of operations. They are trying to analyze the cost of outsourcing and resourcing to understand the benefits of each process completely. Although the concept of outsourcing may not end, it may reduce as valve manufacturers are trying to understand the total cost of ownership of outsourcing and insourcing by considering all the cost and risk factors involved in the process. This definitely increases the investments in automation of their facilities or helps to identify alliances within their supply or customer base. Technology, skill, capacity, and time are factors required by valve manufacturers to increase their competency and to insource their manufacturing.
Table of Contents
Key Findings
Market Engineering Measurements
Market Engineering Measurements (continued)
CEO’s Perspective
Market Definitions
Market Definitions (continued)
Market Definitions (continued)
Market Definitions (continued)
Market Definitions (continued)
Key Questions this Study will Answer
Market Segmentation
Market Distribution Channels
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Market Engineering Measurements
Market Engineering Measurements (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by End-user Industry
Revenue Forecast by End-user Industry
Revenue Forecast Discussion by End-user Industry
Industrial Valves Segment—Revenue Forecast
Industrial Valves Segment—Revenue Forecast Discussion
Industrial Valves Segment—Percent Revenue Forecast by Valve Type
Industrial Valves Segment—Revenue Forecast by Valve Type
Industrial Valves Segment—Revenue Forecast Discussion by Valve Type
Industrial Actuators Segment—Revenue Forecast
Industrial Actuators Segment—Revenue Forecast Discussion
Industrial Actuators Segment—Percent Revenue Forecast by Actuator Type
Industrial Actuators Segment—Revenue Forecast by Actuator Type
Industrial Actuators Segment—Revenue Forecast Discussion by Actuator Type
Ball Valve Sub-segment—Percent Revenue Forecast by End-User Industry
Ball Valve Sub-segment—Revenue Forecast by End-User Industry
Ball Valve Sub-segment—Revenue Forecast Discussion by End-User Industry
Butterfly Valve Sub-segment—Percent Revenue Forecast by End-user Industry
Butterfly Valve Sub-segment—Revenue Forecast by End-user Industry
Butterfly Valve Sub-segment— Revenue Forecast Discussion by End-user Industry
Gate, Globe, and Check Valves Sub-segment—Percent Revenue Forecast by End-user Industry
Gate, Globe, and Check Valves Sub-segment—Revenue Forecast by End-user Industry
Gate, Globe, and Check Valves Sub-segment—Revenue Forecast Discussion by End-user Industry
Plug Valve Sub-segment—Percent Revenue Forecast by End-user Industry
Plug Valve Sub-segment—Revenue Forecast by End-user Industry
Plug Valve Sub-segment—Revenue Forecast Discussion by End-user Industry
Control Valve Sub-segment—Percent Revenue Forecast by End-user Industry
Control Valve Sub-segment—Revenue Forecast by End-user Industry
Control Valve Sub-segment—Revenue Forecast Discussion by End-user Industry
Speciality Valve Sub-segment—Percent Revenue Forecast by End-user Industry
Speciality Valve Sub-segment—Revenue Forecast by End-user Industry
Speciality Valve Sub-segment—Revenue Forecast Discussion by End-user Industry
Hydraulic Actuators Sub-segment—Percent Revenue Forecast by End-user Industry
Hydraulic Actuators Sub-segment—Revenue Forecast by End-user Industry
Hydraulic Actuators Sub-segment—Revenue Forecast Discussion by End-user Industry
Pneumatic Actuators Sub-segment—Percent Revenue Forecast by End-user Industry
Pneumatic Actuators Sub-segment—Revenue Forecast by End-user Industry
Pneumatic Actuators Sub-segment—Revenue Forecast Discussion by End-user Industry
Electric Actuators Sub-segment—Percent Revenue Forecast by End-user Industry
Electric Actuators Sub-segment—Revenue Forecast by End-user Industry
Electric Actuators Sub-segment—Revenue Forecast Discussion by End-user Industry
Market Share
Market Share Analysis
Competitive Environment
Competitive Factors and Assessment
Growth Opportunity 1—Energy Efficiency
Growth Opportunity 2—Industrial Internet of Things
Strategic Imperatives for Success and Growth
Impact of Mega Trends on the European Industrial Valves and Actuators Market
Impact of Mega Trends on the European Industrial Valves and Actuators Market (continued)
Impact of Mega Trends on the European Industrial Valves and Actuators Market (continued)
Impact of Mega Trends on the European Industrial Valves and Actuators Market (continued)
Mega Trend Impact on the European Industrial Valves and Actuators Market
The Last Word—3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
Partial List of Companies
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Popular Topics
| No Index | No |
|---|---|
| Podcast | No |
| Author | Vinitha Viswanathan |
| Industries | Industrial Automation |
| WIP Number | MDAA-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9593,9420 |
