Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 10.1 Billion | USD 16.2 Billion | 6.3% | 2022 |
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.
The motorized control valves industry market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketspace. The report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the motorized control valves market report explores the investor and stakeholder space to help companies make data-driven decisions.
Motorized control valves regulate the flow of fluids such as water, and gas. Moreover, these products can balance fluid flow by changing the position of the valve plug with actuator help. In addition to this, these products maintain variables of the flow process to a desired level. Furthermore, they find lucrative applications in small & large hydronic heating as well as cooling systems. Reportedly, these products are utilized in water & wastewater treatment, chemical production, the oil & gas sector, and power generation. Furthermore, these products find applications that require piping in the connected systems.
Growing product penetration in a slew of industries to embellish the global market trends
An increase in demand for motorized control valves in the oil & gas sector will prop up the scope of growth of the market across the globe in the years ahead. Large-scale use of these products for flow control, on & off solutions, and regularization will steer the global motorized control valves market trends. Furthermore, motorized control valves work in an automated manner and reduce time and this will pave the way for humungous market growth. In addition to this, a prominent surge in the product application in large & small hydronic heating & cooling systems will prop up the expansion of the market across the globe. Additionally, real-time updates and minimal use of human intervention will steer the market space across the globe in the years ahead.
Moreover, the need for reducing downtime and improving predictive maintenance of systems will embellish the expansion of the motorized control valves market globally. Launching of new products and mergers & acquisitions is likely to steer the growth of the global market. In the first quarter of 2018, Valworx, a key supplier of actuator valves & accessories, launched a new product series of electric actuators referred to as 5618a Series available in various forms such as PVC ball valves, lead-free brass, and stainless steel. This is likely to enlarge the scope of the growth of the global market. Furthermore, in the second half of 2018, Emerson Electric Company, a key engineering service provider for commercial, industrial, and consumer sectors, acquired Advanced Engineering Valves, a key manufacturer of new valve techniques, with a view of expanding to a new business portfolio of developing valve technologies. Such initiatives will provide a boost to the demand and production of motorized control valves across the globe.
Growing power usage can put brakes on the global industry demand
Surging costs of raw components and large-scale consumption of power due to the use of motorized control valves will hinder the growth of the global motorized control valves industry. Furthermore, if there is a power failure or outage, the valve cannot be closed or opened and this can cause severe issues. With the pressure control valve creating vibrations, it is more likely that the demand for the product will reduce in the years ahead.
Huge product demand for increasing production efficiency to open new facets of growth for the global market
Integrating diagnostic operations for monitoring the performance and efficiency of the product has gained traction in a slew of industries, thereby increasing the acceptance of the product in these industries for enhancing production in the manufacturing units. This aspect will create new growth avenues for the global motorized control valve market.
Issues such as equipment failure and interruptions in communication can create big challenges for the global industry
A large space is required while assembling, starting, or maintaining the motorized control valve and this can obstruct the demand for the product. Apart from this, the product is susceptible to leaks when it is operated at extreme temperatures as a result of periodical fluctuations in power supply, thereby generating a huge challenge to the growth of the global motorized control valve industry. Issues such as motor failure, communication problems, actuator malfunctioning, and gearbox damage can further pose a threat to the global industry.
The global motorized control valves market is sectored into product type, end-user, and region.
In vessel type terms, the global motorized control valves market is segregated into butterfly valves, ball valves, and gate valves segments. In addition to this, the butterfly valves segment, which accrued more than two-thirds of the global market share in 2022, is predicted to record the fastest CAGR in the forecast timeline. The growth of the segment over the coming eight years can be attributed to the ability of butterfly control valves to deliver exceptional performance in high temperatures and high-pressure applications. Apart from this, some of the butterfly valves operate with ¼ turn. Furthermore, they can easily control the flow of gases and liquids.
On the basis of the end-use industry, the motorized control valves industry across the globe is sectored into oil & gas, foundries, water & wastewater, mining, power generation, and others segments. Furthermore, the oil & gas segment, which accrued a huge chunk of the global industry share in 2022, is projected to lead the segmental expansion in the upcoming years. The segmental expansion in the forecast timespan can be subject to installing of products for measuring as well as monitoring the flow of oil & gas.
Report Attributes | Report Details |
---|---|
Report Name | Motorized Control Valves Market Research Report |
Market Size in 2022 | USD 10.1 Billion |
Market Forecast in 2030 | USD 16.2 Billion |
Growth Rate | CAGR of 6.3% |
Number of Pages | 216 |
Key Companies Covered | Emerson Electric Company, Danfoss, Samson, Rotork, Flowserve, ARI Group, IMI Precision Engineering, Parker, GEMÃ Group, Burkert, Honeywell Systems, Hora, Pentair, Belimo, Hansen Technologies, A.u.K Muller GmbH, and Marsh Automation. |
Segments Covered | By Product Type, By End-Use Industry, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific motorized control valves market to establish a dominant status in the global market over the forecast timeline
Asia-Pacific, which accumulated more than 50% of the global motorized control valves market revenue in 2022, is anticipated to record a notable surge over the assessment timeframe. The market expansion in the region in 2023-2030 can be due to the massive demand for potable water and wastewater treatment units in the countries such as China and India. Apart from this, the rise in industrialization and production activities in the region will embellish the regional market size in the upcoming years. The presence of key product manufacturers in the countries such as Japan, South Korea, China, and India will drive the regional market trends.
Furthermore, the motorized control valves industry in North America is anticipated to register the fastest CAGR in the assessment timeframe. The factors that are projected to favorably influence the expansion of the regional industry include the escalating demand for products in oil & gas activities and the food & beverages sector in the countries such as Canada and the U.S.
The global motorized control valves market profiles key players such as:
By Product Type
By End-Use Industry
FrequentlyAsked Questions
Motorized control valves regulate the flow of fluids such as water, and gas. Moreover, these products can balance fluid flow by changing the position of the valve plug with actuator help. In addition to this, these products maintain variables of the flow process to a desired level. Furthermore, they find lucrative applications in small & large hydronic heating as well as cooling systems. Reportedly, these products are utilized in water & wastewater treatment, chemical production, the oil & gas sector, and power generation. Furthermore, these products find applications that require piping in the connected systems.
The global motorized control valves market growth is owing to the need for reducing downtime and improving predictive maintenance of systems.
According to a study, the global motorized control valves market size was $10.1 billion in 2022 and is projected to reach $16.2 billion by the end of 2030.
The global motorized control valves market is anticipated to record a CAGR of nearly 6.3% from 2023 to 2030.
The North American motorized control valves market is set to register the fastest CAGR over the forecasting timeline subject to the escalating demand for products in oil & gas activities and the food & beverages sector in the countries such as Canada and the U.S.
The global motorized control valves market is led by industry players such as Emerson Electric Company, Danfoss, Samson, Rotork, Flowserve, ARI Group, IMI Precision Engineering, Parker, GEMÃ Group, Burkert, Honeywell Systems, Hora, Pentair, Belimo, Hansen Technologies, A.u.K Muller GmbH, and Marsh Automation.
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