Page 79 - ITAtube Journal 1 2019

Preview: Tube Southeast Asia 2019
Tube Souteast Asia 2019
Pumps & valves showcase @ Tube Southeast Asia 2019
Southeast Asia‚ rapid econo- mic growth as well as large-scale mechanisation and demand for energy has provided regional and global companies with tremendous opportunities in the vibrant indus- trial and manufacturing landscape - leading to massive potential in the pumps and valves market. Staying on the pulse of the needs and demands of the industry, Tube Southeast Asia 2019 offers the ideal platform with a special focus this edition on Pumps & Valves.
The Pumps & Valves showcase will include an international line-up of companies featuring a compre- hensive range of critical compo- nents and innovative technology solutions - from industrial pump connectors, testing equipment, to pressure management systems. As world demand for industrial pumps continues to climb, particularly heavy-duty process pumps that are used to transport products such as water, chemical, petroleum, was- tewater, oil, slurry, sludge, and food, according to a recent market research report on the pumps and valves services market in Asia-Pa- cific by Technavio, the market is expected to grow at a CAGR of more than
7% until 2021. In 2017, Asia-Paci- fic dominated global market share.
Whilst for valves, a fundamen- tal component in most industrial sectors, with growing oil and gas industrial activities and the increa- sing need for water treatment in countries such as China, India, and Japan, the usage of indust- rial valves and engineered valves
are also on the rapid rise. With this showcase, the valves segment will include a broad range such as oil and gas valves, control valves, to safety valves. Industrial valve constructors as well as producers of complementary products such as actuators and compressors will come together with other syner- gistic application sectors, system integrators, and manufacturers from around the world serving the pumps, valves, wire, cable, tube and pipe markets, all under one roof at Tube Southeast Asia 2019.
Facts & Figures at a glance:
PUMPS
The global industrial pumps market is forecast to reach US$88.43 billion by 2025
The Asia Pacific region is expec- ted to grow by a further 6.7% through to 2025
Rising demand due to increase in infrastructure development, oil production, water supply and sanitation
VALVES
Global industrial valves market to reach US$84.3 billion by 2023
Market is growing at a CAGR of 3.6% through to 2023 with demand from oil and gas and the energy and power indust- ries
Growth arise due to oil and gas production-related facilities in the Middle East, growing demand for energy in Asia Pacific and smart city initiati- ves
Messe Düsseldorf Asia Pte Ltd
3 HarbourFront Place #09-02 HarbourFront Tower Two Singapore 099254
Tel.: (65) 6332 9620 Fax: 865) 63374633
tube@mda.com.sg mda.messe-duesseldorf.com
ITAtube Journal No1/February 2019
79