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Home ➤ Semiconductor and Electronics ➤ Electronics System and Components ➤ Valve Driver Market
Valve Driver Market
Valve Driver Market
Published date: Nov. 2024 • Formats:
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  • Home ➤ Semiconductor and Electronics ➤ Electronics System and Components ➤ Valve Driver Market

Global Valve Driver Market By Function (Solenoid, Proportional), By Valve Type (Conventional Control Valves, Expansion Valvess), By End-User (Commercial & Residential, Industrial, Motion Equipment), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

  • Published date: Nov. 2024
  • Report ID: 73378
  • Number of Pages: 314
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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    • Report Overview
    • Segmentation
    • Market Dynamics
    • Trends:
    • Competitive Landscape –
    • Recent Developments:

    Report Overview

    A valve driver is a device that controls the operation of a valve. It adjusts the valve’s position based on electronic signals it receives, thus managing the flow and pressure of fluids in systems like hydraulics. Valve drivers can vary in complexity, from simple solenoid actuators to sophisticated servo-controlled systems that provide precise manipulation based on feedback signals. These devices are integral in industries where accurate fluid control is necessary, such as manufacturing, automotive, and aerospace.

    The valve driver market is a segment of the industrial automation industry that deals with devices used for controlling valve operations in various systems. This market is expanding due to the increasing demand for more efficient and automated fluid control systems in sectors like oil and gas, water and wastewater management, and manufacturing. Innovations in electronics and material sciences have enabled the development of more reliable and efficient valve drivers, which has also helped in expanding the market reach.

    The primary driving factor for the growth of the valve driver market is the increasing automation in industries. As businesses strive for higher efficiency and productivity, automated valve control systems play a crucial role. Additionally, stringent environmental regulations are pushing companies to adopt precise fluid control technologies to minimize leaks and wastages, further driving the demand for advanced valve drivers.

    There’s a significant demand for valve drivers in industries that manage fluids and gases under high pressure, such as petrochemicals, oil and gas, and power generation. The need to upgrade old infrastructures and integrate modern technologies for better control and efficiency also contributes to the growing demand in this market.

    Emerging markets present substantial opportunities for the expansion of the valve driver market. Rapid industrialization in regions like Asia-Pacific and the Middle East has led to an increased need for automation solutions in fluid management. Furthermore, advancements in IoT and smart technologies are opening new avenues for the development of intelligent valve control systems that can predict maintenance needs and optimize operations autonomously.

    Technological advancements in the valve driver market include the integration of IoT for real-time data analysis and remote management, improvements in materials that offer better performance and durability, and the development of compact, energy-efficient models. Innovations like these enhance the functionality and applicability of valve drivers, making them integral components of modern automated systems.

    Segmentation

    Based on Function:

    • Solenoid
    • Proportional

    By Based on Valve Type:

    • Conventional Control Valves
    • Expansion Valvess

    Based on End-User:

    • Commercial & Residential
    • Industrial
    • Motion Equipment

    Based on Region:

    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East & Africa

    Market Dynamics

    Drivers:

    End users, such as residential, commercial, industrial, as well as in motion equipment, require the use of energy-efficient systems for their processes as a result of new performance requirements enforced by respective governments and industry-related associations for energy saving, which in turn, increases the demand for valve drivers due to its energy-efficient nature. The energy and power vertical has faced various issues related to carbon emissions.

    CO2 levels have an impact on air quality, and many experts believe they contribute to global warming. These concerns have prompted a transition away from coal and towards gas renewable energy sources, and now electricity.

    End-user industries must implement new, better, and creative valve drivers as a result of the introduction of environmental, health, and safety requirements in the chemicals vertical related Volatile Organic Compounds (VOCs). These new laws encourage users to implement valve drivers in order to remain compliant with these new regulations.

    Restraint:

    The lack of standardization in equipment, and the protocols that are presently being utilized are major issues with many industrial devices and equipment. As a result, there are instances of a mismatch in several existing databases.

    Valve driver makers must follow a number of rules and regulations to ensure authenticity, suitable standardization and certification are implemented, which is resulting in a hopscotch-esque integration with field devices.

    The diverse application of valve drivers in industries such as commercial & residential sectors, oil & gas, food & beverage, pharmaceuticals, energy & power, water & wastewater treatment, construction, chemicals, and pulp & paper industries has created heterogeneity in demand. Because industry players must modify the same product based on regional policies, heterogeneity functions remain a stifling factor.

    Opportunities:

    Valve drivers are less expensive and reduce efficiency losses. They give a long-term solution to worries about rising energy efficiency demands, particularly in commercial and residential applications. Furthermore, it enables refrigeration systems to work more efficiently and precisely, which is a primary element boosting the demand for valve drivers.

    Furthermore, in the current scenario, with a rise in the number of commercial and residential spaces, such as hotels, offices, airports, educational institutions, and hospitals, expansion valve driver sales are likely to surge at a rapid pace, as HVAC/R systems are increasingly used in the commercial sector, opening-up new avenues of revenue growth for valve driver manufacturers.

    Trends:

    Apartments, residences, offices, industrial facilities, and other structures fall under the residential and commercial categories. The market for valve drivers has grown due to the increased adoption of HVAC/R systems in the residential sector.

    Manufacturers of HVAC/R systems are urged to build new versions of those systems in instances where the government has set new performance criteria to save energy as their emphasis is to make machinery or operations more efficient, which will, in turn, increase the demand for HVAC/R systems. As a result, the market for valve drivers is expected to continue to grow among the residential and commercial sectors respectively.

    Competitive Landscape –

    • Danfoss
    • Parker Hannifin
    • Emerson Electric Co.
    • Eliwell Controls
    • Carel Industries
    • MKS Instruments
    • Hydraforce Inc.
    • Hussmann Corporation
    • Sanhua
    • Fujikoki Corporation

    Recent Developments:

    • In January 2020, Eaton’s hydraulics business was acquired by Danfoss. Eaton’s main business division would be strengthened as a result of this acquisition.
    • In September 2019, Carel USA LLC, a subsidiary of Carel, acquired the entire stock of Enersol Inc., a long-standing Canadian distributor of Carel humidification products situated in Montreal, Quebec. This purchase is part of the company’s plan to extend its direct sales network in order to deepen relationships with its customers and to maintain its market leading position.
    • In February 2019, Electro Scientific Industries Inc. was bought by MKS Instruments. The product portfolios of key industrial markets have expanded as a result of this acquisition.

    For the Valve Driver Market research study, the following years have been considered to estimate the market size:

    Attribute Report Details

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

    Valve Driver Market
    Valve Driver Market
    Published date: Nov. 2024
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    • Danfoss
    • Parker Hannifin
    • Emerson Electric Co. Company Profile
    • Eliwell Controls
    • Carel Industries
    • MKS Instruments
    • Hydraforce Inc.
    • Hussmann Corporation
    • Sanhua
    • Fujikoki Corporation
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