April 24, 2024
Motorized Control Valves Market

Motorized Control Valves Market Is Driven By Need For Automation In Process Industries

The motorized control valves market comprises electrically or pneumatically actuated valves that can control flow, pressure, and temperature of fluids in various industrial processes. Motorized control valves are used to remotely and automatically regulate flow through steam, water, air, gas, or other fluid lines across industries like oil & gas, power generation, chemical processing, and water & wastewater treatment. The self-actuated operation of these valves eliminates manual intervention, improves process efficiency, and ensures safety. The valves provide features like proportional control, quick response time, and precision flow regulation.

The Global Motorized Control Valves Market Demand is estimated to be valued at US$ 12.37 Bn in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period from 2024 to 2031.

The increasing adoption of automation in process industries is a key driver for motorized control valves. As industries move towards Industry 4.0 practices involving IoT and predictive maintenance, demand for remotely controlled valves is growing.

Key Takeaways

Key players operating in the Motorized Control Valves market are WCR, Inc., Alfa Laval, Manning and Lewis, Danfoss, Universal Coils and Heat Exchangers Industries Co. Ltd., Kelvion Holdings, G√ľntner Group GmbH, DFC Pressure Vessel Manufacturer Co., Ltd., Xylem, AIC Inc., API Heat Transfer, Aqua Systems, Inc., Mersen, Southern Heat Exchanger, Hisaka Works, Koch Heat Transfer Company, Chart Industries, Inc., Apparantebau GmbH, Johnson Controls International, Funke W√§rmeaustauscher, HRS Heat Exchangers Ltd., and SPX flow, Inc.

The growing demand from process industries like oil & gas, chemical, and power generation is supporting the motorized control valves market growth. These industries require automation and remote operation of critical process parameters like flow, pressure, and temperature.

Geographically, the market is witnessing high growth in Asia Pacific due to increasing investments in process plant infrastructure, especially in China, India, and Southeast Asian countries. North American and European regions will continue to dominate due to presence of leading valve manufacturers and automation suppliers catering to mature process industries.

Market Key Trends

One of the key trends in the motorized control valves market is the growing adoption of smart valve technologies. Leading manufacturers are developing intelligent valves integrated with predictive maintenance capabilities. The smart valves use sensors and remote connectivity to continuously monitor operational parameters and warn about impending component failures. This allows predictive servicing and avoids unplanned shutdowns. The smart valve technologies improve process uptime, reduce maintenance costs, and enable remote operations over cloud networks in Industries 4.0 environments.

Porter’s Analysis

Threat of new entrants: New companies enter the market due to growing opportunities however they face high capital requirements and established relationships of existing players with major end users.

Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes however switching costs and performance advantages increase their reliance on motorized control valves.

Bargaining power of suppliers: Large suppliers have some bargaining power given specialized components required however increasing competition has reduced it.

Threat of new substitutes: No direct substitutes exist however new technologies may pose threats in long run if able to match performance.

Competitive rivalry: Intense competition exists among major players to gain market share and collaborate with system integrators.

Geographical Regions

North America accounts for the largest share in the motorized control valves market in terms of value due to extensive oil and gas infrastructure and power generation facilities in the US and Canada. Growing process industries have also boosted adoption.

The Asia Pacific region is expected to witness the fastest growth during the forecast period driven by robust infrastructure development and expanding manufacturing sector throughout China, India and Southeast Asian countries. Population growth and urbanization are key drivers.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it