MODEST GROWTH AHEAD FOR PROCESS CONTROL VALVES MARKET.LONDON--(BUSINESS WIRE)-- The European market for process control valves Control valves are valves used within industrial plants and elsewhere to control operating conditions such as temperature, pressure, flow, and liquid level by fully or partially opening or closing in response to signals received from controllers that compare a "setpoint" to a , actuators and ancillary equipment is a mature one without the prospect of any dramatic growth in demand for particular products or end-users. This is one of the conclusions of a new report by international market research publisher Frost & Sullivan, which studies the market for process control valves (which are remotely operated and which form part of a control system where a valve will only be manually operated if there is a failure in power supply) in eleven major countries, segmenting it by ten end-user applications and ten product types. The report suggests that there is will be no lack of competition and under the present recessionary conditions, Frost & Sullivan expects intense price competition and significant company acquisitions. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Frost & Sullivan, demand for process control valves, actuators and ancillaries is estimated to have been worth $2155.50 million in 1993 and is forecast to grow to $2834.78 by 1998. In terms of product groups dominating the market, the bulk of demand was constituted by globe, choke and desuperheater valves, valued at $510.60 million in 1993 - accounting for 23.69 per cent of the overall market - and forecast to reach $630.18 million by the end of the study period in 1998. The terms "choke" and "desuperheater" valves describe particular applications of globe type valves. Choke valves A choke valve is a valve that lifts up and down a solid cylinder (called a "plug" or "stem") which is placed around or inside another cylinder which has holes or slots. The design of a choke valve means fluids flowing through the cage are coming from all sides and that the streams are used on oil and gas well heads, whereas desuperheater valves are used with process steam to reduce temperature and pressure. The report says: "It is also possible with the globe designs to address the problem of valves noise which is generated by high- pressure drops. Special designs have been developed which are often described as "low noise"." The pneumatic actuators A pneumatic actuator converts energy (in the form of compressed air, typically) into motion. The motion can be rotary or linear, depending on the type of actuator. Some types of pneumatic actuators include:
The output power of pneumatic actuators is either in linear form for operating globe, gate and diaphragm valves Diaphragm valves (or membrane valves) consists of a valve body with two or more ports, a diaphragm, and a "saddle" or seat upon which the diaphragm closes the valve. The valve is constructed from either plastic or steel. or it is suitable for operating quarter-turn valves. This output power is produced by means of diaphragms, pistons Pistons can mean:
Meanwhile, in the market for ball, "c" ball and plug valves (Mech.) a tapering valve, which turns in a case like the plug of a faucet. See also: Plug , Frost & Sullivan estimates the demand for these products to rise from its 1993 level of $250.46 million to reach $370.15 million in 1998, when this sector will be accounting for 13.09 per cent of the overall market. The applications for process control valves embrace virtually anything that can be conveyed in a pipeline, i.e. fluids, gases, powders, solids and solids in suspension. The substances passing through the valve can be abrasive abrasive, material used to grind, smooth, cut, or polish another substance. Natural abrasives include sand, pumice, corundum, and ground quartz. Carborundum (silicon carbide) and alumina (aluminum oxide) are important synthetically produced abrasives. , chemically aggressive or glutinous glutinous /glu·ti·nous/ (gloo´ti-nus) adhesive; sticky. glu·ti·nous adj. Adhesive; sticky. glu . The largest process control valves end-user is the chemical and petrochemical sector, worth $377.58 million in 1993 and predicted to reach $473.82 million by 1998, when it will be accounting for 16.71 per cent of the total market. Meanwhile in the market for foodstuffs foodstuffs npl → comestibles mpl foodstuffs npl → denrées fpl alimentaires foodstuffs food npl → (including beverages and animal feeds), which has been relatively resistant to recession and is forecast to experience above average growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , demand was valued at $274.07 million and is expected to reach $384.25 million by the end of the period under review in 1998. According to Frost & Sullivan, the chemical and petrochemical market, estimated to have been worth $377.58 million in 1993, has excess capacity and profitability is weakened because of new plants coming on stream. By far the highest national growth rate is predicted for the leading national market, Germany, worth $624.12 million in 1993 and expected to reach $893.79 million by 1998. This is followed by Italy and the UK, valued at $291.39 million and $242.19 million respectively in 1993. According to Frost & Sullivan, the German market will grow at the expense of almost every other West European country with the exception of the UK. The UK market is predicted to rise from its 1993 level of $242.19 million to reach $321.51 million by the end of the study period in 1998, representing a compound annual average growth rate of 5.83 per cent. Frost & Sullivan is an international high-technology research firm. All Frost & Sullivan reports are based on extensive interviews with marketing and technical experts from selected companies in each market segment. Primary research is validated by thorough analysis of available secondary research. Frost & Sullivan is the leading publisher worldwide of high-technology research reports. Code: 1873-12 Publication Date: 1994 Price: $3950 CONTACT: For further information please contact: Kristina Menzefricke Amy Arnell Nadge Keryhuel London Mountain View Paris 44 71 730 3438 (415) 961-9000 33 1 4742 9127 44 71 730 3343(fax) (415) 961-5042 33 1 4742 9129 REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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