Dallas, TX -- (SBWIRE) -- 12/04/2014 -- The report "African Valves Market by Closure Type (Quarter Turn, Multi Turn and Check), by Function (Control, Isolation, Check, and Special) & by Type (Ball Valves, Globe Valves, Plug Valves and Others) - Global Trend & Forecast to 2019", defines and segments the industrial valves market with analysis and forecasts of market size for the African industrial valves market. It also identifies driving and restraining factors for the industrial valves market with analysis of trends and opportunities.

Browse 16 market data tables and 15 figures spread through 100 pages and in-depth TOC on "African Valves Market - Global Trend & Forecast to 2019"

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Market applications for industrial valves include oil & gas, municipal, chemical, power and mining, and other industries. Growth in oil & gas and power applications industry is expected to drive the demand for industrial valves in Africa. Demand for Water and wastewater as well as demand for petrochemical industry would also boost the industrial valves market in Africa.

Valves market in Africa is projected to grow at a CAGR of 5.9% and is expected to be one of the fastest growing markets globally. Growing demand in the oil & gas and power sectors in the region is majorly driving the market growth for industrial valves. Recent rise in offshore and deepwater oil & gas activities is expected to influence the valves market growth even more rapidly. Pre-salt explorations in western Africa that started in the last five years are also increasing the demand for valves for oil & gas applications. Growing industrialization and increasing urbanization have elevated the need for better power generation capabilities, making power industry one of the fastest growing application markets for valves. The fast changing trend towards renewable energy sources to satisfy the growing energy need is also a key driver to the industrial valves demand in Africa. Increasing foreign investments in key African regions, particularly the Sub-Saharan region, is also fuelling the demand for industrial valves in this region.

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Companies are adopting inorganic growth strategies such as acquisitions to cope up with the increasing demand for industrial valves in key emerging markets. These strategies have aided companies create a large customer and partner base in key markets within the African region. Some of the leading players in industrial valves market include Pentair Ltd. (Switzerland), Flowserve Corporation (U.S.), Emerson Electric (U.S.), FMC technologies (U.S.), and Alfa Laval AB (Sweden).

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