Valve Controller Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020–2030

  • Single User License $3500

Valve Controller Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020–2030

Status : September, 2021 | Semiconductor & Electronics

Report Digest


Valves are commonly used in a wide range of applications that are a part of processes such as wastewater treatment, chemical treatment, water cooling, feed water, and turbine control processes. Industry 4.0 is a trend that has intensified the importance of automation and efficient monitoring of processes, and this is triggering the use of valve controllers in nearly all the areas where valves are used.

The valve controller market is expected to witness healthy growth mainly due to its vast application range and high demand in various end-use industries such as chemical, oil & gas, food & beverage, water & wastewater treatment, and pharmaceutical. Manufacturers today, are investing heavily in technology to deliver state-of-the-art control mechanisms in valve controllers in order to cater to the end users’ demand for technologically advanced products.

Heightened Importance of Smart Process Control will Spur Sales

Most industries today are witnessing a complex network of interdependent and interlinked processes followed throughout the production cycles. Most of these applications involve the use of valves to carry out those processes, which must be monitored and synchronized with the utmost efficiency. Thereby, valve controllers are becoming an integral part of the processes that ensure high efficiency and accuracy.

Furthermore, most industrial areas are moving towards the adoption of process automation mechanisms, and this is triggering the demand for smart valve controllers that are integrated with high-tech features. Manufacturers in the valve controller market are introducing smart process control mechanisms that can measure and monitor various parameters such as temperature, fluid flow, and pressure through valve controllers. This trend is expected to grow enormously in the coming years, triggering the growth of the valve controller market.

Manufacturing Challenges Triggered by the Absence of Standards and Quality Norms

The valve controller market is a space with unorganized structure of governmental policies and regulations for quality and standards. Manufacturers need to keep abreast of different laws and norms in different geographical areas to cater to those particular market needs. This does not only diversify the end-user demand in terms of the features of valve controllers in different markets, but it also adds to their cost of manufacturing.

Diversity in regional policies about quality standards also enforces manufacturers to amend some product specifications, and this may also hinder players from achieving low installation costs. Due to the absence of clear, omnipresent regulations and standards, manufacturers are forced to invest more heavily in additional resources in order to set up manufacturing capabilities around the world for ensuring better compliance to regional norms.

Digital Valve Controllers High in Demand; Open New Opportunities for Innovation

With the rising trend of Industry 4.0, a mounting number of industries undergoing digital transformation and the demand for technologically advanced and high performance process components has spiralled dramatically. This is one of the leading factors that are contributing to the transition from conventional, analogue valve controllers to their digital, high-tech counterparts in most application areas.

Apart from being high-tech and next-generation in their features, digital valve controllers also bring to the table some unique advantages such as high reliability, accuracy, efficiency, and convenience over traditional valve controllers. Manufacturers are introducing smart valve controllers that can be connected to various other monitoring devices and makes the integration simpler while synchronizing all processes more efficiently.

APAC Proves Lucrative; Manufacturers Target Fast-growing End-use Industries

Asia Pacific is home to a wide range of industries including chemical, oil & gas, power & energy, water & wastewater treatment, and food & beverage. Presence of a huge number of manufacturers and suppliers in the area makes it an attractive market for valve controllers, and this is attributed for its positive growth prospects in the global markets. Growing pace of industrial operations in the Asia Pacific region is one of the prominent factors that contribute to the positive growth of the valve controller market in the region.

valve controller market

Also, the presence of some of the leading chemical manufacturing factories in countries like China makes it a lucrative region for players in the global valve controller market. Leading manufacturers and global leaders are expected to devise special strategies in the APAC valve controller market to target fast-growing end-use industries in the region and capture a significant market share in this region.

Emerging Players Consolidate a Large Share in the Valve Controller Market

Key players in the global valve controller market include ABB, Emerson, SMC Corporation, CIRCOR, Schneider Electric, Siemens, IMI, Flowserve Corporation, Dymax Corporation, Metso, Tokyo Keiki, Baker Hughes, Rotork, Curtiss Wright Group, Azbil, CLA-VAL, and Samson Controls. The market is highly fragmented as the number of regional, small- and medium-scale manufacturers is significantly large in this space.

Global manufacturers are also investing in their local production capabilities to offer valve controllers with tailor-made features that can meet the needs of local end-use industries. Companies are also focusing on undertaking strategies to acquire small players to expand their local and global presence while diversifying their product portfolio in the valve controller market.

Segmentation

Based on type, the valve controller market can be segmented as:

  • Conventional
  • Digital

Based on communication protocol, the valve controller market can be segmented as:

  • Highway Addressable Remote Transducer (HART)
  • FOUNDATION Fieldbus
  • PROFIBUS
  • Others

Based on end-use industries, the valve controller market can be segmented as:

  • Energy & Power
  • Oil & Gas
  • Chemical
  • Pharmaceutical & Healthcare
  • Water & Wastewater Treatment
  • Food & Beverage
  • Pulp & Paper
  • Building & Construction
  • Metals & Mining
  • Others (Corporate and Education)

What was the market size in 2020?

The global market for valve controllers reached a valuation of around US$ 2 billion in 2020. Our analysts opine that the market will witness healthy growth at a CAGR of 3.5% during 2020 to 2030 with growing importance of controlling and monitoring with improved efficiency in various process industries.

  • What is mainly driving the market growth?

Among many other factors, introduction to process automation with the rising trend of Industry 4.0 has triggered the demand for smart valves in most industrial areas, ultimately boosting the adoption of high-performance and advanced valve controllers.

  • What will be the market size in 2030?

In the next decade, the valve controller market is expected to surpass the valuation of US$ 2.5 billion.

  • Which geographical markets will create new opportunities for players?

Growth of energy and power industries along with rapidly increasing construction activities in developing countries is expected to create highly lucrative opportunities for players in the Asia Pacific market for valve controllers in the coming years.

  • Which end-use industry will trigger demand for valve controllers?

According to our analysis, the oil & gas and chemical industries will account for a significantly large share in the adoption of the valve controllers. Also, their applications in the water & wastewater industry will also create new opportunities for players in the coming years.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?