Rise in the number of projects has been observed in the oil and gas industry, which in turn is resulting towards growth of construction industry and pipeline installation. Development of new refineries along with advancement and innovation of existing refineries is expected to further stimulate the production sales of industrial valve across the globe. Apart from this, there has been growing preference for valves, in particular, automatic functioning valves. Rising need for cost-cutting with regards to operations and increasing industrial automation is likely to drive the growth of industrial valve market across the globe in the forthcoming years.
A recent report anticipates that the industrial valve market will expand at a moderate 4% CAGR over the expected period, 2017-2027, for touching an assessment of approximately US$ 87.6Bn by the end of 2027. Companies namely KSB Aktiengesellschaft, Emerson, Exotica Valves, John Mills Valves, Robvalve, ABO valve and LESER GmbH & Co. KG Hamburg among others are likely to be witnessing a significant growth across the globe. Major players as well as manufacturers are planning to highly focus on the marketing plans such as product effectiveness, innovations as well as advancements together with significant development of their product line.
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KSB Aktiengesellschaft to Supply Valves & Pumps for a Nuclear Power Plant in U.K.
Key players and manufacturers can plan to make heavy investments in KSB Aktiengesellschaft Company as it can help in expansion of product portfolio, as well as can help in strengthening their position in the global market. KSB Aktiengesellschaft is said to supply valves and pumps for a nuclear power plant of Hinkley Point C in U.K.
KSB Aktiengesellschaft is planning to offer RVM 80-265, which is a multistage container pull-out pump to the new nuclear power plant of British power station, namely Hinkley Point C. This power project is likely to reach completion stage by the end of 2025. This project also is inclusive of the building of two novel units, which would be equipped with the EPR reactors.
Apart from this, KSB Aktiengesellschaft is planning to supply nearly 4 RVM 80-265 range vertical, multistage container pull-out pumps and most of all, accessories, motors and spare parts package by the end of 2020. The holistic use of these equipments are that they will be handling water for the main cooling circuits in every reactor.
Emerson Launches a New System That Enables Reduced Installation Costs
Key players and manufacturers must focus on the point that Emerson has taken immense efforts in developing a system that helps in reducing installation costs, which again is the need of the hour on a larger basis. This development is considered as a major update of the company to ASCO Numatics G3 Series, platform of electronic valve island. The main aim behind this development by Emerson is that the company is planning to enable controlling capacity uptill 128 solenoid valves, based on one valve island assembly.
The major focal point is that Emerson has launched this ASCO Numatics G3 Series for the benefit of water/wastewater, fine chemicals, food and beverage, biopharmaceutical and pharmaceutical applications, which in turn drives the production sales of industrial valves as well.
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