New ARC Advisory Group research on the global severe service valves market reveals that the global severe service valves market experienced growth in 2018. Increasing regulatory pressure, standards compliance, and media activity are all combining to drive end users to make increased investment in severe service valves. Many national governments are putting increasing pressure on end users to meet safety regulations. The digitization of critical valve assets among end users also played a significant role in the global severe service valves market growth.
“End users are putting an increased focus on the entire safety lifecycle. More users are beginning to see that most safety failures come from field devices connected to the safety system rather than the safety system logic itself. This understanding is driving more end users to invest in more intelligent and reliable field devices and valves, so they can not only operate safer plants but also prove it,” according to Sandeep Mukunda, Analyst at ARC Advisory Group and key author of ARC’s Severe Service Valves Market Research report.
About the Global Severe Service Valves Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the global severe service valves market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by region, industry, component, revenue category, valve body type, application, customers, and sales channels.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes 2016 historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – 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.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.