Valves & actuators
Increasingly complex applications and the emergence of ‘smart’ valves are particularly driving growth in the industry. The oil and gas sector accounts for approximately a third of the global valves market, with water/wastewater, chemicals and power industries being other key markets.
Due to technological advances and an increasingly diverse range of products, pumps can be found in a multitude of commercial applications from water/wastewater treatment plants and pipelines, to medical devices and jet engines.
Pneumatics & hydraulics
A number of key trends are emerging in the market1 such as OEMs reducing their number of suppliers as larger companies chase economies of scale and a broader product portfolio.
The volume of global M&A in the fluid power and flow products sector remains extremely vibrant with a consistently strong dealflow, as evidenced by transactions over the past 12 months.