The global motorized control valves market size was evaluated at $10.1 billion in 2022 and is slated to hit $16.2 billion by the end of 2030 with a CAGR of nearly 6.3% between 2023 and 2030.
Growth factors, challenges, restrictions, and opportunities in the motorised control valves business can all be found in the market study. The study analyses the competitive landscape and discusses the market globally. Also included are analyses such as PESTEL, SWOT, Porter’s five forces, value chain, cash flow, profit ratios, market basket, market attractiveness, and more. To further aid businesses in making educated decisions, the research analyses the motorised control valves market from the perspective of investors and other key stakeholders.
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🔰 The Market for Motorised Control Valves: A Snapshot
Fluids like water and gas can have their flow controlled by motorised control valves. In addition, with the assistance of an actuator, these items may regulate fluid flow for optimal efficiency. These items also help keep flow process variables stable at an optimal level. In addition, they can be used profitably in hydronic heating and cooling systems of all sizes. These goods are reportedly used in the treatment of water and sewage, the manufacture of chemicals, the extraction of oil and gas, and the generation of electrical power. In addition, these items find uses in systems that need for plumbing.
🔰 Principal Observations
- Our research analyst estimates that, between 2023 and 2030, the worldwide market for motorised control valves will develop at a CAGR of almost 6.3%.
- The worldwide market for motorised control valves is anticipated to grow from its current valuation of almost $10.1 billion in 2022 to a whopping $16.2 billion by 2030.
- Over the projected period, the global market for motorised control valves is expected to expand significantly due to rising demand from the oil and gas industry.
➤ Global market trends are being enriched by the expanding distribution of products across many sectors
The potential for the global market to grow in the next years is being bolstered by rising demand for motorised control valves in the oil and gas industry. The global motorised control valves market will be influenced by the widespread adoption of these products for applications such as flow regulation, on/off solutions, and standardisation. Motorised control valves provide the added benefits of automating processes and saving time, both of which will contribute to the explosive expansion of the industry. The market will also be bolstered by a rise in the use of the product in hydronic heating and cooling systems, both large and small. In addition, in the years to come, the market space around the world will be guided by real-time updates and minimum human participation.
➤ Increasing power consumption may slow the expansion of global manufacturing
The global motorised control valves market will be stymied by rising costs of raw materials and massive increases in energy consumption caused by their widespread use. Furthermore, the valve cannot be closed or opened, which can have serious consequences in the event of a power loss or outage. Since the pressure control valve causes vibrations, it’s possible that sales will fall in the future.
➤ The world market is poised for expansion as a result of the enormous product demand that is enhancing manufacturing efficiency
Increased product acceptance and output in manufacturing units can be attributed to the widespread adoption of integrating diagnostic activities for monitoring product performance and efficiency. The market for motorised control valves around the world will expand thanks to this factor.
➤ Problems with equipment and communication can be significant obstacles for the international business community
The installation, startup, and upkeep of the motorised control valve might take up a lot of room and so reduce sales. In addition, the product can leak during heavy use or when subjected to high temperatures, which is a major hindrance to the expansion of the worldwide motorised control valve market. The worldwide industry is also vulnerable to issues including motor breakdown, communication breakdown, faulty actuators, and broken gearboxes.
The Global Motorized Control Valves Market is segmented based on product, application and region
Global Motorized Control Valves Market: Product Segment Analysis
● Butterfly Valves
● Ball Valves
● Gate Valves
Global Motorized Control Valves Market: Application Segment Analysis
● Oil & Gas
● Water & Wastewater
● Power Generation
The global motorized control valves market profiles key players such as:
● Emerson Electric Company
● ARI Group
● IMI Precision Engineering
● GEMÃ Group
● Honeywell Systems
● Hansen Technologies
➤ Over the next several years, the Asia-Pacific market for motorised control valves is expected to grow to become the largest in the world.
More than half of the world’s revenue from the motorised control valves market in 2022 came from Asia-Pacific, and that region is projected to have a large increase during the forecast period. China and India, in particular, are expected to have significant demands for potable water and wastewater treatment units in the coming years, which may contribute to the region’s market growth between 2023 and 2030. In addition, the region’s market size will grow in the coming years as industrialization and production activities expand. Regional market trends will be determined by the presence of important product manufacturers in countries like Japan, South Korea, China, and India.
The market for motorised control valves in North America is also expected to grow at a rapid clip over the forecast period. The rising demand for products in oil & gas operations and the food & drinks sector in countries like Canada and the U.S. are expected to positively influence the expansion of the regional industry.
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