Global Industrial Spray Valves Market 2017-2021

Overview of the global industrial spray valves market

Research analysis on the global industrial spray valves market identifies that the low installation and maintenance costs will be one of the major factors that will have a positive impact on the growth of the market. Technavio’s market research analysts predict that this market will grow at a CAGR of nearly 5% by 2021. The lesser costs and installation time of the industrial spray valves has led to its increased adoption in industries and is positively influencing the operational hours. The quicker spray requirement for lubrication processes aids in lowering the formation of residues and other leakages and reduces regular maintenance operations significantly. The lower costs associated with less assembly time increases the adoption rates of industrial spray valves in end-user industries such as oil and gas, agriculture, chemical and petrochemical, and power generation.

In terms of geographic regions, EMEA will be the major revenue contributor of the industrial spray valves market throughout the forecast period. The introduction of new spray machinery and the increasing integration of control systems and industrial spray valves in process industry for better efficiency will drive the growth of the global industrial spray valves market in the region.

Competitive landscape and key vendors

The vendors in the industrial spray valves market are increasingly concentrating on product features, innovation, prices, and customized solutions. Industries like oil and gas, water and wastewater, power generation, chemical and petrochemical, agriculture, automotive, plastics and polymers, and wood choose established vendors in both developed and developing regions. This is mainly due to their innovative products, brand value, and expertise in cutting-edge technology.

The leading vendors in the market are –

• Dymax
• Fisnar
• Nordson
• SchuF Group
• Techcon Systems

The other prominent vendors in the market are AquaGlobe, Axxon, DAV Tech, Dropsa, Emerson, Gentec Benelux, HILGER U. KERN, Inchimica, Strahman Valves, T&S Brass, TEEJET TECHNOLOGIES, Texas Industrial Remcor, Transland, and Unicontrols Singapore.

Segmentation by product and analysis of the industrial spray valves market

• Linear industrial spray valves
• Radial industrial spray valves

During 2016, the linear industrial spray valves accounted for the major shares of the industrial spray valves market. Linear industrial spray valves are primarily used in the end-user industries for accurate spray in automation applications. In addition, the hydraulic fluid pressure and fluid control applications will further drive the demand for linear industrial spray valves.

Segmentation by end-user and analysis of the industrial spray valves market

• Oil and gas industry
• Power generation industry
• Agriculture industry
• Water and wastewater industry
• Chemical and petrochemical industry

As per this market research report, the oil and gas segment will hold the maximum share of the industrial spray valves market until 2021. The development in the quality of industrial spray valves with corrosive resistant materials and its application in different process industries and remote monitoring facilities will propel the growth of the industrial spray valves market in oil and gas industry.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global industrial spray valves market?
• What are the key market trends impacting the growth of the global industrial spray valves market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial spray valves market?
• What are the market opportunities and threats faced by the vendors in the global industrial spray valves market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial spray valves market?

Technavio also offers customization on reports based on specific client requirement.