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Growing Markets in 2011

The strength of the demand for replacements and retrofits and the need to comply with the U.S. Environmental Protection Agency will create opportunities for pump suppliers as an estimated $1 trillion is likely to be spent over the next 20 years in upgrading the water system.

Research reports by Companiesandmarkets.com, Hydraulic Equipment: A Global Strategic Business Report and Industrial Rubber Products: A Global Strategic Business Report, provide a comprehensive review of trends, issues, product developments, mergers, acquisitions and other strategic industry activities.

The reports show that Asia-Pacific is the fastest growing market for hydraulic equipment and industrial rubber products worldwide and is poised to reach US$5.9 billion by the year 2012, driven largely by rapid industrialization and infrastructure development. The US continues to remain the largest regional market for hydraulic equipment but remains saturated for the rubber industry.

By product, the pumps and motors market represents the largest segment with the valves market the second largest product market. Strong demand for Liquefied Natural Gas as an inexpensive and clean source of electricity, especially in developing countries, is creating substantial demand for transportation, storage, and distribution infrastructure, which require huge quantities of control valves, thereby driving demand for hydraulic valves.

Dr. Rajender Thusu, PhD, Frost & Sullivan, predicts strong growth in the biosensors market. Biosensors are gaining ground in the healthcare market and are expanding into the industrial, environmental monitoring, security, and biodefense market segments. Developments in the past five years have resulted in increasing adoption of biosensors into these application markets.

According to CompaniesAndMarkets.com’s research report, Aerospace Industry Forecast to 2013, the aerospace industry has globally emerged as a highly potential market, even after the economic recession. Increase in air traffic and considerable increase in military budget have provided the much required growth impetus to the industry during recession. Currently the US is the biggest aerospace market; however, developing nations like China, India, Mexico, and Brazil are expected to emerge as potential marketplaces for aerospace products in near future. With 36% of the backlog of large commercial aircraft, the Asia Pacific region is rapidly becoming the largest market for new orders.

The global market for advanced packaging technology for food and beverage is expected to grow to $23.474 million in 2015, at an estimated CAGR of 8.2% from 2010 to 2015. The increasing demand for fresh and quality packaged food, consumer convenience and manufacturer concern for longer shelf life of the food products is driving the market for Global advanced packaging technology.

Matthew Scott's article for Daily Finance,The Top 10 Growth Industries for 2011, predicts growth in the mining, aviation, automotive and environmental monitoring markets.

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Tribute, Inc. is a provider of ERP business management software for distributors and system integrators in the fluid power, hose, motion control, automation, fluid handling & pump industry who provide value-added services.