Demand for valves to soar as political and economic conditions stabilise in emerging economies!

08/09/2014
Emerging Regions Prove Increasingly Profitable for the Industrial Valves and Actuators Market

The increase in oil exploration activities, investments in new refineries, and modernisation of existing facilities will spur the uptake of valves and actuators, particularly in emerging markets such as Africa and Latin America. Demand from the offshore oil and gas industry in Latin America, in particular, is expected to fuel the valves and actuators market. In addition to the demand from the emerging economies, control valve manufacturers will find growth opportunities in North America and Europe due to end-user preference for greater process automation.

1024px-ValveNew analysis from Frost & Sullivan, Strategic Analysis of the Global Industrial Valves and Actuators Market, finds that the market earned revenues of €14.86 billion (US$19.51 billion) in 2013 and estimates this to reach €19.76 billion (US$25.95 billion) in 2018. The study covers the oil and gas, power generation, chemical processing, mining and metallurgy, and water and wastewater end-user industries.

“The water and wastewater industry will offer significant growth potential for valve and actuator manufacturers in Asia-Pacific, Africa and Latin America,” said Frost & Sullivan Industrial Automation and Process Control Research Analyst Niranjan Paul. “Due to the burgeoning population and rapid urbanisation in these regions, water scarcity and the need to provide purified and portable water for human consumption have led to the setting up of desalination plants, boosting the use of valves and actuators.”

Despite this demand, valve and actuator manufacturers are likely to witness a loss of potential revenues due to the political situation in countries such as Iran, Sudan and Syria. In addition, the global financial downturn has compelled end users to defer projects and focus on the maintenance of existing equipment rather than the purchase of new valves and actuators.

The adoption of aggressive pricing strategies in Asia-Pacific too will reduce the sale of new valves. Vendors must enhance their aftermarket capability to sustain profits as well as meet wide-ranging consumer requirements.

“Valve and actuator manufacturers need to invest in R&D to deliver a comprehensive solution complete with wireless monitoring and advanced valve-condition monitoring capabilities,” recommended Paul. “With subsea exploration in Europe and Latin America projected to rise, widening product portfolios to include double-expanding gate valves will help vendors appeal to a larger consumer base in this high-potential market.”


Market report: HMI software & services

05/05/2010

HMI software & services market driven by services, security and “ergonometrics”

Strong growth is expected to resume during the latter part of this five-year forecast period!


The rapidly growing market for HMI services will be driven by the end users’ and OEMs’ needs for additional supplier-provided technical expertise to support HMI software and systems, as end users’ and OEMs’ will not fully replace the internal support personnel lost during this past recession. As a result, the HMI software and services market is in a period of recovery, with the services portion expected to grow at a higher rate than the total market, according to a new ARC Advisory Group study.

The weakness in the global economy had a major impact on the worldwide HMI software and services market. However, stronger growth is expected to resume during the latter part of the five-year forecast period, as users replace HMI software based on older operating systems with new software packages based on operating systems designed with security in mind. “Security issues presented by older operating systems will drive upgrades from legacy HMI software to the latest HMI platforms. The security issue, combined with the greater use of more powerful, 64-bit microprocessors, will shift users from HMI solutions based on Windows XP or Server 2003 platforms to those based on Windows 7 or Server 2008.” according to Craig Resnick, Research Director,  the principal author of ARC’s “Human Machine Interface Software and Services Worldwide Outlook”.

Building Automation Solutions Achieve Rapid Growth
HMI software solutions that focused on the building automation industry and other non-manufacturing applications experienced the most rapid growth. These HMI software solutions were applied in either off-the-shelf or embedded forms and were accompanied by a full range of HMI services. Off-the-shelf HMI software products are largely replacing proprietary, device-specific solutions that often lack the full feature set and adherence to industry standards found in the latest HMI software solutions. In the traditional HMI software markets, growth is accelerating in the rapidly expanding process and infrastructure industries such as oil & gas, water & waste, electric power, food & beverage, and mining & metals.

Increased “Ergonometrics” Provides “Fourth Dimension”
Maximizing operator effectiveness is essential to minimize the risks of accidents, eliminate unscheduled downtime, and maximize production quality. This requires deploying the latest HMI software packages designed for “Ergonometrics,” where increased ergonomics help increase KPI and metric results. These offer the best resolution to support 3D solutions and visualization based on technologies such as Microsoft Silverlight. Integrating real-time live video into HMI software tools provide another excellent opportunity to maximize operator effectiveness. Live video provides a “fourth dimension” for intelligent visualization and control solutions.

Asia Pacific and Latin America Lead Market Growth
The Asia Pacific and Latin American HMI software and services markets will be the fastest growing regions. North America and EMEA will grow at a considerably slower rate. ARC believes that the slower forecasted growth in North America and EMEA is because a significant amount of HMI software has already been adopted in these mature markets. Greenfield and expansions in process industries, such as chemical, electric power, mining & metals, oil & gas, pulp & paper, and refining, as well as growth in the discrete industries in China and India, are helping to drive the HMI software and services markets in Asia Pacific and Latin America.