Sales in the European control valves market declined in 2009 and 2010, according to the latest analysis from Frost & Sullivan. However, the market experienced sluggish recovery in 2011, with demand from the food and beverage and power generation sectors. Projects put on hold during the recession are now back on track, which will help drive growth, along with newly initiated projects.
An increased focus on reducing maintenance costs and tighter pro-environment regulations are the two factors poised to boost market prospects. Revamping the basic design of control valves to include diagnostic tools will mean less downtime due to maintenance problems and should boost sales.