PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1518470
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1518470
Valve Driver Market - By Function (Solenoid, Proportional), By Valve Type (Conventional Control Valve, Expansion Valve), By End-use Industry (Commercial, Residential, Industrial) & Forecast, 2024 - 2032
Valve Driver Market size is anticipated to witness over 5.7% CAGR from 2024 to 2032, driven by the expansion of the oil & gas sector for facilitating efficient control and automation of valve operations. These devices are helping to improve the evolving demands for precision, reliability, and safety in fluid handling and pipeline management.
Some of the recent advancements in valve drivers include the integration of smart technologies, such as IoT connectivity and predictive maintenance capabilities. These enhancements are optimizing operational efficiency, reducing downtime, and enhancing safety standards for ensuring sustainable and resilient operations amidst the rising global energy demands. As per the India Brand Equity Foundation (IBEF), India is anticipating its oil demand to double, reaching 11 million barrels daily by 2045. This growth is underscoring the critical role of valve drivers in enhancing efficiency and safety in the expanding oil & gas infrastructure.
The overall market is segregated into function, valve type, end-use industry, and region.
In terms of valve type, the expansion valve segment in the valve driver market is expected to record significant CAGR from 2024 to 2032. Expansion valves help in regulating fluid flow in various industrial applications, such as HVAC and refrigeration systems for ensuring precise temperature control. Valve drivers are also integrating digital controls and sensors for real-time monitoring and adjustment whilst offering enhancing operational efficiency and reliability.
By end-use industry, the valve driver industry from the commercial segment is projected to rise from 2024 to 2032. This is driven by strong need for modifying control systems across several industries for optimizing efficiency and reliability. Valve drivers are integrated into various applications for ensuring seamless operation and enhancing performance metrics. Moreover, the rapid advances in valve driver technology are enabling more sophisticated functionalities and broader compatibility with evolving industrial standards.
Regionally, the North America valve driver market size is projected to exhibit robust growth between 2024 and 2032, fueled by the influx of stringent energy efficiency regulations for driving innovations in sustainable practices and reducing operational costs. These drivers are assisting in facilitating the seamless integration of renewable energy sources into existing infrastructures for optimizing resource utilization and enhancing environmental performance. The strong management of energy consumption and sustainability initiatives for shaping a greener and more efficient future across North America will also drive the product demand.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Adoption of connected valve drivers
- 3.8.1.2 Rising demand for valve driver miniaturization
- 3.8.1.3 Increasing adoption of smart valve integration
- 3.8.1.4 Rising energy costs and environmental concerns
- 3.8.1.5 Growing investments in infrastructure projects
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 Cybersecurity vulnerabilities
- 3.8.2.2 High initial investment costs
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Function, 2021 - 2032 (USD Million)
- 5.1 Key trends
- 5.2 Solenoid
- 5.3 Proportional
Chapter 6 Market Estimates & Forecast, By Valve Type, 2021 - 2032 (USD Million)
- 6.1 Key trends
- 6.2 Conventional control valve
- 6.3 Expansion valve
Chapter 7 Market Estimates & Forecast, By End-use Industry, 2021 - 2032 (USD Million)
- 7.1 Key trends
- 7.2 Commercial
- 7.3 Residential
- 7.4 Industrial
Chapter 8 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Million)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 Saudi Arabia
- 8.6.3 South Africa
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Carel Industries
- 9.2 Danfoss
- 9.3 Eliwell Controls
- 9.4 Emerson Electric Co.
- 9.5 Flowserve Corporation
- 9.6 Fujikoki Corporation
- 9.7 Honeywell International Inc.
- 9.8 Hussmann Corporation
- 9.9 Hydraforce Inc.
- 9.10 MKS Instruments
- 9.11 Parker Hannifin Corporation
- 9.12 Sanhua
- 9.13 Schneider Electric SE
- 9.14 Siemens AG
- 9.15 Spirax-Sarco Engineering plc
