Global Motorized Control Valves Market 2017-2021
About Motorized Control Valves
Motorized control valves are valves that are equipped with actuators or motors. These are used as on/off valves in many of the end-user industries for flow control in various industrial processes. The motor or an actuator designated for valves is connected to a control panel that helps in remote controlling of valves.
Technavio’s analysts forecast the global motorized control valves market to grow at a CAGR of 4.40% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global motorized control valves market for 2017-2021. To calculate the market size, the report considers the new installations, retrofits, replacement of spares and aftermarket services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Motorized Control Valves Market 2017-2021
Technavio recognizes the following companies as the key players in the global motorized control valves market: Danfoss, Emerson Electric, Cair Euromatic Automation, and Pentair.
Other Prominent Vendors in the market are: Belimo, Hitachi, Marsh Automation, Avcon Controls, Honeywell, BI-TORQ Valve Automation, Schubert & Salzer, Hansen Technologies, Rotork, Flowserve, and A.u.K. Müller GmbH.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing use of simulation software. In the current scenario of reducing operational expenses, vendors are continuously focusing on minimizing the time and cost involved in product development. Simulation software aids in virtual prototyping of new designs without any additional expense to the vendors. This process has enhanced the delivery of exact customization requirements to end-user sectors without any additional prototyping expenses. Overall, the implementation of simulation software in product development and testing phase will also decrease the overall product development time, thereby decreasing the operational expense for the vendors.”
According to the report, one of the major drivers for this market is augmented investments to improve the efficiency of industrial facilities. There has been increased investments and developments in industrial facilities to improve the efficiency of plants. This has led to replacements of existing valves and actuators within industrial facilities. Industrial facilities in APAC, especially in countries such as China and India are modernizing their establishments to improve efficiency. Manufacturers are increasingly becoming aware of how implementing automation within their plants will help them in increasing productivity and reducing downtime. Rising applications of fluid flow regulation and control will lead to the deployment of motorized control valves in various industries. The modernization of industrial facilities across the globe will drive the growth of the global motorized control valves market.
Further, the report states that one of the major factors hindering the growth of this market is fluctuating raw material prices. Major raw materials used in the manufacturing of motorized control valves are stainless steel, cast iron, brass, bronze, and aluminum. These materials are suitable to manufacture motorized control valves as they offer high ruggedness and are preferred for most of the end-user applications. The prices of these materials depend on the availability, inflation, and production. Vendors of motorized control valves are trying to overcome price fluctuations as these affect the cost of production the most. The prominent and established vendors of these products are trying to strike long-term contracts with suppliers. This will help them in overcoming the fluctuating raw material prices. However, this strategy is not feasible for all the vendors as, it is expensive and there is a significant risk of failure in doing so.
Danfoss, Emerson Electric, Cair Euromatic Automation, Pentair, Belimo, Hitachi, Marsh Automation, Avcon Controls, Honeywell, BI-TORQ Valve Automation, Schubert & Salzer, Hansen Technologies, Rotork, Flowserve, and A.u.K. Müller GmbH.
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