Industrial Valve Cover Gasket – Market Trends and Growth Opportunities by Technavio

October 18, 2017

LONDON–(BUSINESS WIRE)–#Automation–Technavio’s latest report on the global
industrial valve cover gasket market provides an analysis of
the most important trends expected to impact the market outlook from
2017-2021. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.


The industrial valve cover gasket market is dependent on the global
market for diesel engines that are used for power generation in the
industries. The global industrial valve cover gasket market is expected
to grow substantially in APAC. The growth of the process and discrete
industries in the region is supplemented by the increasing need for
power backup, which is expected to drive the high adoption of diesel
generators and subsequently, the growth of the global industrial valve
cover gasket market.

Sushmit Chakraborty, a lead analyst from Technavio, specializing in
research on the automation
sector, says, “The oil and gas, power, and chemical and petrochemical
industries will primarily account for the overall revenue share of the
global industrial valve cover gasket market during the forecast period.
It is estimated that the oil and gas industry will grow primarily in the
Americas, owing to the exploration of shale gas.”

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The top three emerging trends driving the global industrial valve cover
gasket market according to Technavio research analysts are:

  • Diesel power plants
  • Green energy products
  • Increasing mergers and acquisitions

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Diesel power plants

In many parts of the world, there are geographical areas where using
diesel generators is the only viable option for providing reliable power
to the local population. Alaska is an example where this practice is
common, and power companies there use diesel generating plants as a
major component of their power generation portfolio. Many of these sites
are not hooked into a power grid and must control their own frequency
and voltage.

“The increased adoption of diesel power plants by end-user industries
can lead to the growth of the diesel engines market during the forecast
period. The industrial valve cover gasket, being an important part of
the diesel engine, will witness an increase in terms of adoption during
the forecast period as the trend of diesel power plants are picking up,” according
to Sushmit.

Green energy products

The green energy is a fast-growing and popular method throughout the
world. There are power plants that use landfill gases that contain
40%-60% methane and other gases to provide fuel for power plants. Many,
if not the majority of these, are diesel plants. These power plants are
called LFGTE Projects (Landfill Gas-to Energy) and are a renewable
resource.

The end-user industries are currently focusing on decreasing the carbon
emission from their manufacturing units. In such cases, the green energy
products can feature a rise in its adoption during the forecast period.
The only factor that might negatively impact the rise in the adoption of
green energy products will be the cost of restructuring the
manufacturing units to meet the new installations.

Increasing mergers and acquisitions

The increasing number of mergers and acquisitions across various
industries will increase the adoption rate of the industrial
valve cover gasket market among the industries during the forecast
period. The power industry is expected to grow evenly across the
Americas, EMEA, and APAC.

The automotive industry is expected to grow immensely in APAC, owing to
the increased demand for automobiles and automotive parts among the
consumers in the region during the forecast period. The oil and gas
industry is undergoing an economic crisis due to the lowering of oil and
gas prices. However, this crisis is expected to fade away during the
forecast period.

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