Motorized control valves are widely used for controlling fluid flow, temperature and pressure in various industries such as chemicals, oil & gas, energy & power, water & wastewater treatment and pharmaceuticals. These valves help accurately control fluid flow as per the process requirements and provide benefits such as simple installation, remote monitoring & control and efficient energy usage. Growing demand from the rapidly expanding chemicals industry is expected to be a key driver for the motorized control valves market over the forecast period.
The global motorized control valves market size 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 between 2024 to 2031.
Key Takeaways
Key players operating in the Motorized Control Valves Companies are WCR, Inc., Alfa Laval, Manning and Lewis, Danfoss, Universal Coils and Heat Exchangers Industries Co. Ltd., Kelvion Holdings, GÃ1⁄4ntner 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 Wärmeaustauscher, HRS Heat Exchangers Ltd., and SPX flow, Inc.
The key opportunities in the market include growing demand for smart motorized control valves with remote monitoring capabilities from industries and increasing investments in production capacity expansion projects across industries in developing regions.
Globally, Motorized Control Valves Market Demand is expected to witness highest growth in the Asia Pacific region over the forecast period driven by ongoing infrastructure development projects and expanding manufacturing sector in countries such as China and India. North America and Europe are also expected to retain major market shares throughout the forecast period.
Market Drivers
The major driver for the growth of the motorized control valves market is the rapid expansion of the global chemicals industry. Motorized control valves find widespread application in chemical processing plants for controlling flow, pressure and temperature of fluids during various chemical manufacturing processes. Growing investments in capacity expansion of existing chemical plants as well as setting up of new facilities are expected to drive robust demand for motorized control valves over the next few years.
Additionally, stringent regulatory standards regarding emission control and process safety across industries are prompting enterprises to increasingly adopt automatic and digital control valves for improved efficiency and risk mitigation. This is also expected to boost the demand for motorized control valves with advanced monitoring and remote operation capabilities over the forecast period.
PEST Analysis
Political: Motorized control valves face regulations related to safety, emissions and energy efficiency. Stringent laws can affect their demand.
Economic: Changes in the economic conditions of end-use industries like oil & gas, power generation, chemical processing etc. influence the demand for motorized control valves.
Social: Increasing population and urbanization is leading to growth in process industries where motorized control valves find wide application. Also, growing environmental awareness is favoring technologies that enhance energy efficiency.
Technological: Advancements in microelectronics and control systems allow motorized control valves to intelligently regulate critical process parameters like flow, pressure and temperature. Integration of smart sensors and Internet of Things provides real-time process monitoring and remote operations.
The Asia Pacific region accounts for the major share of the global motorized control valves market in terms of value. Countries like China, India, Japan and South Korea are major industrial hubs with a sizable process industry base. This is a key factor driving the demand for motorized control valves in Asia Pacific.
North America is projected to be the fastest growing regional market during the forecast period. Stringent energy efficiency protocols in the US are favoring technologies like motorized control valves that optimize process performance. Growing investments in industries such as oil & gas extraction and petrochemicals will further propel the North American market.
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Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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