| Strong Growth Anticipated for Valve and Actuator Sales in South Africa CAPE TOWN, South Africa, November 17/PRNewswire/ --
The fragile South African valve and actuator market is starting to find
its feet. Manufacturers need to position themselves to reap the maximum
benefits from the diffuse increase in demand.
New analysis from Frost & Sullivan
(http://www.industrialautomation.frost.com), South African Valves and
Actuators Market, finds that the market earned revenues of $265.5 million in
2007 and estimates this to reach $668.4 million in 2014.
"The valve and actuator market is witnessing a rapid growth spurt brought
about by several key national projects in the water and wastewater sector as
well as the power sector," notes Frost & Sullivan Research Analyst Keith
Mauppa. "This large-scale demand holds the potential to enable a significant
turnaround from the decline this market suffered several years ago."
Numerous manufacturers are positioning themselves to take advantage of
the massive outlay in spending on infrastructure projects and refurbishments.
A few large manufacturers are winning most of these projects on the back of
their service quality and track record, then sourcing whatever products they
need from other manufacturers. This presents the obvious opportunity for
companies to improve their service quality in order to better position
themselves to benefit from the large-scale spending windfall.
However, the impact of the South African skills crisis has a significant
effect on the valve and actuator industry. The unavailability of a pool of
skilled staff to tap into for expansion, restrains manufacturers from
exploring the potential of verticals outside of the one in which they are
focused.
"Although most manufacturers believe their staff to be highly skilled,
they are unaware of the potential growth they could attain with a larger
staff resource," remarks Mauppa. "The focus of most manufacturers is on their
primary product segment and very few of them have the staff resources to
spread their reach across all product segments within the valve and actuator
market."
Companies that have recognised this limit have their own comprehensive
training programmes for new employees to maintain an adequately trained pool
of staff. Government policy initiatives taken by the DST and DTI will also
help to create a more skilled labour force that is less susceptible to
workforce flight.
If you are interested in a virtual brochure, which provides
manufacturers, end users and other industry participants with an overview of
the South African valves and actuator markets, then send an e-mail to Patrick
Cairns, Corporate Communications, at patrick.cairns@frost.com, with your full
name, company name, title, telephone number, company e-mail address, company
website, city, state and country. Upon receipt of the above information, an
overview will be sent to you by e-mail.
South African Valves and Actuators Market is part of the Industrial
Automation & Process Control Growth Partnership Services Programme, which
also includes research in the following markets: Electric motors, geared
motors, sensors and HMI. All research included in subscriptions provide
detailed market opportunities and industry trends that have been evaluated
following extensive interviews with market participants. Interviews with the
press are available.
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South African Valves and Actuators Market
M2B5
Contact:
Patrick Cairns
Corporate Communications - Europe & Africa
P: +27-18-468-2315
E: patrick.cairns@frost.com
http://www.frost.com
Source: Frost & Sullivan
Patrick Cairns, Corporate Communications - Europe & Africa of Frost & Sullivan, +27-18-468-2315, patrick.cairns@frost.com
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