The report forecasts the global valves and manifolds market to grow at a CAGR of 6.56% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A trend which is sure to boost market growth is the development of next-generation valves. Many industrial valve vendors are developing next-generation valves with additional capabilities to increase their foothold in the competitive market. These modern products have threaded bonnets, a floating polytetrafluoroethylene diaphragm, and a zero minimum operating differential design that provides substantial benefits over the traditional valves. The new valves are gaining popularity as they can deliver 60% higher flow rates and longer operational life, and have a wide temperature range and ressure handling ability that can improve the efficiency of industrial production processes.
According to the report, a key growth driver is the expanding water and wastewater treatment industry. High-quality potable water is essential for industrial, commercial, and domestic users. Growing population and rapid urbanization are exerting pressure on the existing freshwater resources. Though many developed economies have well-developed water treatment infrastructure, some lack proper distribution facilities. Consequently, water may get contaminated during transit. Various European countries that already have technologically advanced industrial water treatment infrastructure are now focusing on municipal water treatment infrastructure.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?