New ARC Advisory Group research on the control valve market reveals that the global market bounced back in 2018 in a big way after three consecutive years of declining revenues. A big uptick in deferred MRO activities accounted for much of this growth as process manufacturers finally pulled the trigger on several maintenance and upgrade projects that had been deferred during the downturn that began in 2015 after the oil price crash.
“Surprisingly, despite news of many deferred capital projects coming back online, new construction projects only represented a fraction of the total market growth in 2018,” according to David Clayton, Research Director at ARC Advisory Group and key author of ARC’s Control Valve Global Market Research report.
“The hope is that control valve revenues for new construction project orders have yet to be recognized as we see supplier backlogs continue to grow,” added Clayton.
About the Control Valve Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year forecasts for the control valve 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, valve body type, positioner type, actuator type; revenue category, application, project type, and sales channel.
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 five years of 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.