New ARC Advisory Group research on the control valves market in China reveals that China’s control valve market has entered a recovery mode. The China government has refocused on investing in infrastructure to help stabilize economic development. These investments have brought lots of direct opportunities for control valve suppliers, while driving a boom in downstream industries such as cement, iron and steel, and construction machinery.
“Process industry end users are becoming more open to third-party valve maintenance services to lighten the workload and make control valve maintenance less of a burden. To fill this need, an increasing number of valve suppliers are developing valve maintenance services that leverage their valve expertise to fill existing gaps for their customers and create new revenue streams for themselves,” according to Rex Sun, Analyst at ARC Advisory Group and key author of ARC’s Control Valves for China Market Research 2016-2021 report.
Taking this further, David Cao, Country Manager, ARC Advisory Group China says, “Recent advances in data science, artificial intelligence, and computing power have converged in a ‘perfect storm’ to enable commercialization of algorithms that provide human-like analysis of large data sets at machine speeds. These advances are allowing control valve suppliers to apply advanced machine learning capabilities to valve health monitoring solutions to provide more advanced warning of impending valve failure.”
About the Control Valves China Market Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides forecasts for the control valves market in China. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by industry, component, and valve body type.
This new research is available as a Concise Market Analysis Report in PDF format. It provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
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