What is the future of the valve industry?

03 Apr.,2024

 



Industrial valves are used to regulate the liquids, gases, and slurries. Based on the type, function, component, size and utilization Industrial Valve Markets have been split up. These industrial valves wield wide usage in the refinery, chemical, pharmaceutical, water and wastewater treatment, food and beverage, power, oil & gas sectors around the world.

During 2015-2020 the market for industrial valves registered a moderate growth with estimated USD 48 billion in the year 2020 and it is expected to reach USD 85 billion by 2025. In 2017 wide range of companies have brought innovative use of their products involving industrial valves by resorting to internet. Consequently, the increasing requirement of industrial valves has seen a phenomenal growth of late and anticipated huge rise in future too.

Utility of Industrial valves in various industries are,

POWER AND ENERGY INDUSTRIES:

Heavy power plants employ different category of industrial valves and usage there of being seen in the area of fuel storage, gas pipelines, heat exchangers, flash tanks etc. The function of industrial valves in power and energy industries consists of open and close, control the flow direction, regulate, increase and decrease the flow. Further water cooling, steam turbine systems, pollution control, and chemical treatment are some of the operations carried out in power and energy industries.

WATER AND WASTEWATER TREATMENT:

There exists ever increasing for industries dealing in waste water management. These industries use industrial valves to do a specific function that include Water storage, Filtration systems, Disinfection systems, Control units, Pumps and more. Butterfly valves plays significant role in the above applications. By these industries adapt themselves to the frequent changes happening in the environmental policies.

OIL AND GAS INDUSTRIES:

Industrial valves handle the extreme conditions of oil and gas industries. They are active in the process of gas liquefaction, treatment and storage. Ball valves and Gate valves are opted for the corrosion resistance in these operations. Fevisa being the best Ball valve supplier and Gate valve supplier, they always strive to ensure customer satisfied products.

Ball valves are used in gas pipelines. Gate valves are used for the pipelines handling refined products. Hence industrial valves are used for high-pressure designs, metallurgies, and metal seating to tackle the situation.

FOOD AND BEVERAGE INDUSTRIES:

Time ahead, Food and Beverage industries hold a bright future as such these  industries are putting their efforts to meet their demands. Butterfly valves play a vital role here. As one of the important Butterfly valve suppliers, Valvulas Fevisa meet their market demands.

There are two types of valves used in the food and beverage industries, one is direct valves they come in contact directly with food, to bear up against corrosion stainless steel is always used in these direct valves. Another one is utility valves they do not come in direct contact with food but then they follow certain rules and regulations to assure the safety.

CONCLUSION:

Fevisa being the market leaders in various categories of Industrial valve suppliers who ensure all safety norms and face impending challenges in the field. We have superior functional capability with international standards like WRAS approved Valves and UL FM approved Valves Fevisa is renowned Valve Stockist in Dubai as their valves are all prevalent product in industries there meeting their needs. Our Valves Made in Europe so our valves are popularly called as Europe Origin Valves we are well known for supplying stock valves for various industries around the world.

Quality: Standards Compliance and Inspection Efficiency

Procedure Generation and QMS Compliance

AI technology can be leveraged to de­velop ISO 9001 compliant procedures, ensuring that quality management sys­tems adhere to recognized standards. By utilizing natural language processing (NLP) and machine learning algorithms, AI can analyze existing procedures, iden­tify gaps or inconsistencies, and suggest improvements in line with ISO 9001 re­quirements. Furthermore, AI can stream­line the process of creating new proce­dures by generating templates based on industry best practices and specific organizational needs. The quality team can just input what the company does in simple language and request AI to gener­ate a procedure compliant to the industry procedure, and a fully procedure can be generated in fraction of standard time.

Streamlining ITP Management and Compliance

AI can be used to compare internal stan­dard ITPs with customer requirements, quickly generating new ITPs as needed and estimating the cost and production impacts of these changes. By cross-check­ing all written procedures against global standards, AI can prevent duplicate or conflicting requirements and simplify the review process when standards are published and updated. This streamlined approach to ITP management and com­pliance can save time and resources, ulti­mately improving overall quality control.

Continuous Data Storage, Monitoring, and Analysis

It can also continuously monitor internal data to pinpoint areas of concern, such as potential product defects or process inefficiencies. By transforming differ­ent formats of datasheets and material test reports (MTRs) into a central sys­tem, AI can reduce errors and increase data retrieval speed. This enhanced data analysis capability allows companies to identify and resolve issues more quick­ly, ultimately improving product quality and customer satisfaction.

Sentiment Analysis for Improved Customer Support

AI can be employed to perform senti­ment analysis on customer emails, au­tomatically escalating issues based on the urgency and severity of the problem. This proactive approach ensures that critical issues are addressed promptly, improving customer support and foster­ing stronger relationships with clients. By addressing potential problems early on, companies can maintain a high level of product quality and minimize the risk of customer dissatisfaction.

Targeted Inspections: Shifting from Random Sampling to Probable Issue Inspection

AI technology can change the quality control process by shifting from random sampling of QC to probable issue inspec­tion, focusing on areas more likely to have problems. This targeted approach helps companies identify and resolve is­sues more quickly, minimizing the likeli­hood of product defects reaching the end customer. By using AI to analyze histori­cal data and production trends, compa­nies can prioritize inspections based on the probability of defects, ultimately im­proving product quality and reducing the time and resources spent on inspections.

AI-Powered Computer Vision Systems for Enhanced Inspection

Integrating AI-powered computer vision systems into quality control processes can improve the inspection of valves and their components. These systems can identify defects that may be difficult for human inspectors to detect, ensuring a higher level of accuracy and consistency in the inspection process. By automating visual inspections, companies can reduce the reliance on manual labor, minimize human error, and accelerate the overall inspection process, especially for a ma­ture and developed product.

What is the future of the valve industry?

The Industrial Valve Industry with AI: Pros, Cons, and a Look into the Future