Innovative Products on the Horizon, New Dawn for Control Valve Market Arise
6 Nov 2019
Demand for control valves from different industries have enforced market players to launch new products. Moreover, the launch of innovative products helps them gain major market share and cater to different needs of the industries. Moreover, smart technologies have been introduced in the products to ensure safety and enable smooth functioning of different parts. Innovation has been introduced to reduce total cost of ownership along with maintenance. Different activities are ongoing to make the economic design and offer various functioning in the valves. As market players have been coming up with different products and the market for control valves is experiencing significant growth. According to the research firm Allied Market Research, theglobal control valve market is expected to reach $13.67 billion by 2022. Following are some of the activities taking place in the industry across the world.
New products have been taking place across the globe and this strategy has become one of the essential strategies for gaining more market share across the globe. DFT Inc. launched the MSV-100® Control Valve, designed for usage in medium service gas and liquid flanged applications. It is equipped with a straight-thru Venturi Design offering a rugged reliability along with ability to handle high-pressure drops. The MSV-100 is an ANSI 600 TO 1500 class, and available in alloy steel, carbon steel, and stainless steel. This new offering is able to change the internal trim quickly and enables the in-line replacement of internal trim along with reducing the downtime, maintenance, and the total cost of ownership.
Stephen O’Neill, the Sales Manager of Control Valve at DFT, outlined that the company can offer a medium service control valve line that can provide economic advantages related to in-line trim replacement. The Venturi Style Control Valves can handle extreme cavitating applications. This valve can also be used with electric, pneumatic, and manual actuation.
Riding on the wave of new product launches, RTK, a CIRCOR International brand, launched the REflex Quick Change Seat Control Valve with REact 30 DC-PoP smart actuator. The company launched this product with an aim to provide a solution for noise reduction along with high pressure drop applications. No special tools are required for assembling and dissembling of the valve. It features the high-capacity flow paths along with an interchangeable trim.
The two-way control valve offers support to different media and complies with NACE standards for usage with abrasive liquids and gases. Equipped with various features, it offers customization for lower flow and higher pressure drops. The valve is available in one- or two-stages along with different range of pressure classes, sizes, and end connections types. These valves made the direct replacement possible. The company enables the valves to control and shut-off of gases and liquids, superheater start-up, and feedwater boiler filling. These valves are suitable for process, power, chemical, industrial, refrigeration technology, LNG, petrochemical, and oil and gas applications. In addition, there is a smart valve technology implemented to ensure safety of system.
Chief editor of review team at FinancesOnline
Chief editor of review team at FinancesOnline Alex Hillsberg is an expert in the area of B2B and SaaS related products. He has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.