The motorized control valves market has seen significant growth in recent years with the advent of advanced technologies like Internet of Things (IoT) solutions. Motorized control valves are automatic valves which can regulate fluids like gas, steam, water and chemicals in various industries like oil & gas, food & beverages, chemicals, power, mining and more. These valves provide advantages like remote monitoring and control, predictive maintenance capabilities and automation which helps optimize processes.
The Global Motorized Control Valves Market is estimated to be valued at US$ 12.37 Bn in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 To 2031.
Key Takeaways
Key players: Key players operating in the motorized control valves market include WCR, Inc., Alfa Laval, Manning and Lewis, Danfoss, Universal Coils and Heat Exchangers Industries Co. Ltd., Kelvion Holdings, Güntner Group GmbH, DFC Pressure Vessel Manufacturer Co., Ltd., Xylem, AIC Inc., API Heat Transfer, Aqua Systems, Inc., Mersen, Southern Heat Exchanger, Hisaka Works, Koch Heat Transfer Company, Chart Industries, Inc., Apparantebau GmbH, Johnson Controls International, Funke Wärmeaustauscher, HRS Heat Exchangers Ltd., and SPX flow, Inc.
Key players are investing in IoT enabled valves to gain a competitive advantage. For example, Danfoss has launched the IoT solution IoT-ready EcoStruxure Control which integrates motorized control valves into an IoT ecosystem.
Growing demand: There is growing demand for Motorized Control Valves Market Demand from industries like oil & gas, chemicals due to requirements for automation, remote access and predictive maintenance capabilities. This is driving the adoption of IoT solutions.
Global expansion: Key players are expanding globally especially in developing regions to tap into the growth potential. For example, Kelvion has expanded operations in Southeast Asia and Latin America.
Market key trends
One of the major trends in the Motorized Control Valves Market Size And Trends is the shift towards IoT enablement. Motorized control valves are increasingly being integrated with remote monitoring and analytics solutions to enable predictive maintenance. This helps optimize valve performance, reduce downtime and improve process efficiency. Technologies like cloud computing also allow real-time data analysis from multiple plant locations. The growing availability of affordable sensors and connectivity solutions is supporting this trend towards an IoT based approach. This is expected to be a key driver for the motorized control valves market growth over the forecast period.
Porter's Analysis
Threat of new entrants: New players find it difficult to enter this market due to high costs of manufacturing motorized control valves.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and differentiated product offerings from various manufacturers.
Bargaining power of suppliers: Major suppliers have significant influence over buyers due to customized product development for this industry.
Threat of new substitutes: Threat of substitution is low as motorized control valves have few alternatives.
Competitive rivalry: Intense competition exists among existing players to gain market share.
Geographical Regions
North America currently holds the largest share of the motorized control valves market in terms of value owing to high demand from various end-use industries like oil and gas, energy & power, chemicals etc. in the region.
Asia Pacific is expected to be the fastest growing regional market between 2024 to 2031 due to rapid industrialization and infrastructure development activities in major economies like China and India. Increasing investments in water and wastewater treatment plants along with power projects are driving the demand in Asia Pacific.
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About Author
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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